Southern Copper (LIM:SCCO) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LIM:SCCO Southern Copper Corp LIM:SCCO
90 GF Score
Price $195.00
GF Value $144.27
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Southern Copper Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Southern Copper  (LIM:SCCO) 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.


Southern Copper Cyclically Adjusted PB Ratio Related Terms


Southern Copper Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Southern Copper'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.

Southern Copper Cyclically Adjusted PB Ratio Chart

Southern Copper Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.94 6.29 8.37 8.76 13.14

Southern Copper Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.74 11.33 13.38 15.61 15.75

LIM:SCCO vs FCX, IE, COPR: Cyclically Adjusted PB Ratio Comparison

For the Copper subindustry, Southern Copper'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.


Southern Copper Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Southern Copper's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Southern Copper's Cyclically Adjusted PB Ratio falls into.


LIM:SCCO
90GF Score
Southern Copper Corp LIM:SCCO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Southern Copper 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.

Southern Copper's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Southern Copper's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=15.051/333.9520*333.9520
=15.051

Current CPI (Jun. 2026) = 333.9520.

Southern Copper Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.793 241.428 9.396
201612 6.954 241.432 9.619
201703 7.254 243.801 9.936
201706 7.501 244.955 10.226
201709 7.854 246.819 10.627
201712 7.284 246.524 9.867
201803 7.568 249.554 10.127
201806 7.781 251.989 10.312
201809 7.854 252.439 10.390
201812 7.833 251.233 10.412
201903 7.928 254.202 10.415
201906 8.041 256.143 10.484
201909 8.138 256.759 10.585
201912 8.123 256.974 10.556
202003 8.011 258.115 10.365
202006 8.137 257.797 10.541
202009 8.373 260.280 10.743
202012 8.618 260.474 11.049
202103 8.976 264.877 11.317
202106 9.443 271.696 11.607
202109 9.657 274.310 11.757
202112 9.722 278.802 11.645
202203 9.737 287.504 11.310
202206 9.105 296.311 10.262
202209 9.035 296.808 10.166
202212 9.649 296.797 10.857
202303 9.698 301.836 10.730
202306 9.431 305.109 10.323
202309 9.248 307.789 10.034
202312 8.861 306.746 9.647
202403 9.008 312.332 9.632
202406 10.139 314.175 10.777
202409 10.647 315.301 11.277
202412 10.942 315.605 11.578
202503 11.413 319.799 11.918
202506 11.907 322.561 12.327
202509 12.456 324.800 12.807
202512 13.152 324.054 13.554
202603 14.046 330.213 14.205
202606 15.051 333.952 15.051

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

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.

Is Southern Copper (LIM:SCCO) Overvalued in 2026?

Based on GuruFocus' analysis, Southern Copper stock appears to be overvalued. The current stock price of $195.00 is trading 35.2% above its estimated GF Value™ of $144.27. GuruFocus considers Southern Copper to be Significantly Overvalued.

Key valuation signals for LIM:SCCO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $144.27 vs. price of $195.00 (35.2% above fair value)
  • GF Score™: 90/100 with 1 warning sign

No single metric tells the full story. See the LIM:SCCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Southern Copper Business Description

Address 7310 North 16th Street, Suite 135, Phoenix, AZ, USA, 85020
Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. It generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. The company's geographical segments are The Americas, Europe, and Asia.
90GF Score

Get the complete analysis for LIM:SCCO

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$195.00
Price
$144.27
GF Value