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Sibanye StillwaterJSE:SSW +1.18%67 Cyclically Adjusted PB Ratio is 1.69 as of Jul. 25, 2026, which is 36% below its 10-year median of 2.65. GuruFocus rates JSE:SSW with a GF Score™ of 67/100 and a GF Value™ of R30.60 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,542 Metals & Mining companies, Sibanye Stillwater ranks worse than 54.35% on this metric.
The historical rank and industry rank for Sibanye Stillwater's Cyclically Adjusted PB Ratio or its related term are showing as below:
JSE:SSW'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.69 Med: 2.65 Max: 9.54
Current: 1.69
During the past 13 years, Sibanye Stillwater's highest Cyclically Adjusted PB Ratio was 9.54. The lowest was 0.69. And the median was 2.65.
JSE:SSW's Cyclically Adjusted PB Ratio is ranked worse than 54.35% of 1542
companies
in the Metals & Mining industry
Industry Median: 1.41
vs JSE:SSW: 1.69
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Sibanye Stillwater's adjusted book value per share data of for the fiscal year that ended in Dec25 was R13.964. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R20.79 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Sibanye Stillwater (JSE:SSW) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Sibanye Stillwater Cyclically Adjusted PB Ratio Related Terms
Sibanye Stillwater Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Sibanye Stillwater's Cyclically Adjusted PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sibanye Stillwater Cyclically Adjusted PB Ratio Chart
JSE:SSW vs HL, SIND: Cyclically Adjusted PB Ratio Comparison
For the Other Precious Metals & Mining subindustry, Sibanye Stillwater's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sibanye Stillwater Cyclically Adjusted PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sibanye Stillwater's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Sibanye Stillwater's Cyclically Adjusted PB Ratio falls into.
Sibanye Stillwater Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
Sibanye Stillwater's Cyclically Adjusted PB Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 1.69 mean?
Sibanye Stillwater (JSE:SSW) has a Cyclically Adjusted PB Ratio of 1.69 as of Jul. 25, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sibanye Stillwater and its competitors. This is 36% below median its historical median of 2.65. Over the past decade, Sibanye Stillwater's Cyclically Adjusted PB Ratio has ranged from 0.69 to 9.54. According to the industry distribution chart, Sibanye Stillwater ranks #838 out of 1542 companies in the Metals & Mining industry, placing it in the top 54.3%.
Is Sibanye Stillwater's Cyclically Adjusted PB Ratio too high?
Sibanye Stillwater's current Cyclically Adjusted PB Ratio of 1.69 is 36% below median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 9.54. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.41. Sibanye Stillwater's value of 1.69 is 19.9% above this industry median. Based on the distribution chart, Sibanye Stillwater ranks #838 out of 1542 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Sibanye Stillwater has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sibanye Stillwater's Cyclically Adjusted PB Ratio compare to HL and SIND?
According to the Metals & Mining industry distribution chart, Sibanye Stillwater ranks #838 out of 1542 companies for Cyclically Adjusted PB Ratio. This places Sibanye Stillwater in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.41. Sibanye Stillwater's value of 1.69 is 19.9% above this benchmark. Historically, Sibanye Stillwater's own Cyclically Adjusted PB Ratio has ranged from 0.69 to 9.54 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 1.41, Sibanye Stillwater has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Metals & Mining company?
The median Cyclically Adjusted PB Ratio among Metals & Mining companies is 1.41, based on 1,542 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sibanye Stillwater's current Cyclically Adjusted PB Ratio of 1.69 is 19.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sibanye Stillwater and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sibanye Stillwater's current Cyclically Adjusted PB Ratio is 1.69, which is 36% below median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sibanye Stillwater stock overvalued right now?
Based on GuruFocus' analysis, Sibanye Stillwater (JSE:SSW) is currently considered Modestly Overvalued. The stock's GF Value™ is R30.60, compared to a current price of R35.18 — trading 15% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.69, which is 36% below median its 10-year median of 2.65 and 19.9% above the Metals & Mining industry median of 1.41. Sibanye Stillwater's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Sibanye Stillwater (JSE:SSW), the current Cyclically Adjusted PB Ratio is 1.69 as of Jul. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sibanye Stillwater (JSE:SSW) Overvalued in 2026?
Based on GuruFocus' analysis, Sibanye Stillwater stock appears to be overvalued.
The current stock price of R35.18 is trading 15% above its estimated GF Value™ of R30.60.
GuruFocus considers Sibanye Stillwater to be Modestly Overvalued.
Key valuation signals for JSE:SSW:
Cyclically Adjusted PB Ratio: 1.69 (36% below median its 10-year median of 2.65)
GF Value™: R30.60 vs. price of R35.18 (15% above fair value)
Industry Position: 19.9% above the Metals & Mining median (#838 of 1542)
No single metric tells the full story. See the JSE:SSW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressCnr 14th Avenue and Hendrik Potgieter Road, Bridgeview House, Building 11, Ground Floor, Lakeview Avenue, Constantia Office Park, Weltevreden Park, Roodepoort, GT, ZAF, 1709
Sibanye Stillwater Ltd is a South African mining and metals processing group with a diverse portfolio of operations, projects, and investments across five continents. The Group is also one of the foremost recyclers of PGM autocatalysts and has interests in mine tailings retreatment operations. It is a producer of platinum, palladium, and rhodium and is a top-tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper, and cobalt. Its products are Gold, Nickel, Zinc, Chrome, PGMs, and other. Group operations are divided into two segments, South African Operations and International and recycling operations.
67GF Score
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