Boliden AB (MEX:BOLIN) Cyclically Adjusted PB Ratio: 2.64 (As of Aug. 09, 2026) — Near Median

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MEX:BOLIN Boliden AB MEX:BOLIN
95 GF Score
Price MXN953.33
GF Value MXN754.33
! 7 Warning Signs
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What is Boliden AB Cyclically Adjusted PB Ratio?

Boliden AB MEX:BOLIN 95 Cyclically Adjusted PB Ratio is 2.64 as of Aug. 09, 2026, which is 6% above its 10-year median of 2.50. GuruFocus rates MEX:BOLIN with a GF Score™ of 95/100 and a GF Value™ of MXN754.33. The stock has 7 warning signs investors should review. Among 1,529 Metals & Mining companies, Boliden AB ranks worse than 62.2% on this metric.

As of today (2026-08-09), Boliden AB's current share price is MXN953.33. Boliden AB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN361.11. Boliden AB's Cyclically Adjusted PB Ratio for today is 2.64.

The historical rank and industry rank for Boliden AB's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:BOLIN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.46   Med: 2.5   Max: 3.85
Current: 2.51

During the past years, Boliden AB's highest Cyclically Adjusted PB Ratio was 3.85. The lowest was 1.46. And the median was 2.50.

MEX:BOLIN's Cyclically Adjusted PB Ratio is ranked worse than
62.2% of 1529 companies
in the Metals & Mining industry
Industry Median: 1.54 vs MEX:BOLIN: 2.51

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.

Boliden AB's adjusted book value per share data for the three months ended in Jun. 2026 was MXN519.575. 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 MXN361.11 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boliden AB  (MEX:BOLIN) 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.


Boliden AB Cyclically Adjusted PB Ratio Related Terms


Boliden AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Boliden AB'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.

Boliden AB Cyclically Adjusted PB Ratio Chart

Boliden AB 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 2.75 2.54 1.84 1.69 2.61

Boliden AB 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 1.54 1.97 2.61 2.41 2.64

Boliden AB Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Boliden AB'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.


Boliden AB Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


MEX:BOLIN
95GF Score
Boliden AB MEX:BOLIN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boliden AB 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.

Boliden AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=953.33/361.11
=2.64

* 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.

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

For example, Boliden AB'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)
=519.575/134.6100*134.6100
=519.575

Current CPI (Jun. 2026) = 134.6100.

Boliden AB Quarterly Data

Book Value per Share CPI Adj_Book
201609 228.478 101.138 304.095
201612 240.587 102.022 317.437
201703 239.476 102.022 315.971
201706 237.002 102.752 310.483
201709 269.323 103.279 351.026
201712 299.832 103.793 388.856
201803 304.092 103.962 393.739
201806 295.309 104.875 379.039
201809 285.098 105.679 363.148
201812 310.041 105.912 394.051
201903 314.205 105.886 399.440
201906 290.821 106.742 366.750
201909 301.720 107.214 378.818
201912 302.865 107.766 378.308
202003 377.025 106.563 476.258
202006 380.015 107.498 475.859
202009 401.524 107.635 502.152
202012 396.770 108.296 493.179
202103 421.945 108.360 524.163
202106 401.403 108.928 496.044
202109 419.532 110.338 511.819
202112 419.719 112.486 502.271
202203 420.057 114.825 492.434
202206 379.747 118.384 431.798
202209 371.301 122.296 408.687
202212 400.505 126.365 426.636
202303 382.211 127.042 404.981
202306 321.241 129.407 334.158
202309 321.798 130.224 332.638
202312 341.306 131.912 348.287
202403 340.711 132.205 346.908
202406 381.038 132.716 386.476
202409 433.233 132.304 440.783
202412 451.204 132.987 456.710
202503 487.487 132.825 494.040
202506 490.031 133.699 493.370
202509 501.085 133.480 505.327
202512 522.048 133.390 526.823
202603 553.461 133.560 557.812
202606 519.575 134.610 519.575

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.

What does a Cyclically Adjusted PB Ratio of 2.64 mean?
Boliden AB (MEX:BOLIN) has a Cyclically Adjusted PB Ratio of 2.64 as of Aug. 09, 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 Boliden AB and its competitors. This is near median its historical median of 2.50. Over the past decade, Boliden AB's Cyclically Adjusted PB Ratio has ranged from 1.46 to 3.85. According to the industry distribution chart, Boliden AB ranks #951 out of 1529 companies in the Metals & Mining industry, placing it in the top 62.2%.
Is Boliden AB's Cyclically Adjusted PB Ratio too high?
Boliden AB's current Cyclically Adjusted PB Ratio of 2.64 is near median its 10-year median of 2.50. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 3.85. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.54. Boliden AB's value of 2.64 is 71.4% above this industry median. Based on the distribution chart, Boliden AB ranks #951 out of 1529 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Boliden AB has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Boliden AB's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Boliden AB ranks #951 out of 1529 companies for Cyclically Adjusted PB Ratio. This places Boliden AB in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. Boliden AB's value of 2.64 is 71.4% above this benchmark. Historically, Boliden AB's own Cyclically Adjusted PB Ratio has ranged from 1.46 to 3.85 over the past decade. While the company's 10-year median is 2.50 vs. the industry median of 1.54, Boliden AB 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 1.54, based on 1,529 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. Boliden AB's current Cyclically Adjusted PB Ratio of 2.64 is 71.4% 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 Boliden AB and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boliden AB's current Cyclically Adjusted PB Ratio is 2.64, which is near median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boliden AB stock overvalued right now?
Boliden AB (MEX:BOLIN) has a current Cyclically Adjusted PB Ratio of 2.64. The stock's GF Value™ is MXN754.33, compared to a current price of MXN953.33 — trading 26.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.64, which is near median its 10-year median of 2.50 and 71.4% above the Metals & Mining industry median of 1.54. Boliden AB's overall GF Score™ is 95/100 with 7 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 Boliden AB (MEX:BOLIN), the current Cyclically Adjusted PB Ratio is 2.64 as of Aug. 09, 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 Boliden AB (MEX:BOLIN) Overvalued in 2026?

Based on GuruFocus' analysis, Boliden AB stock appears to be overvalued. The current stock price of MXN953.33 is trading 26.4% above its estimated GF Value™ of MXN754.33.

Key valuation signals for MEX:BOLIN:

  • Cyclically Adjusted PB Ratio: 2.64 (near median its 10-year median of 2.50)
  • GF Value™: MXN754.33 vs. price of MXN953.33 (26.4% above fair value)
  • GF Score™: 95/100 with 7 warning signs
  • Industry Position: 71.4% above the Metals & Mining median (#951 of 1529)

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


Boliden AB Business Description

Address Klarabergsviadukten 90, P.O. Box 44, Stockholm, SWE, SE-101 20
Boliden AB operates Mines and smelters in Sweden, Norway, Finland, and Ireland. The company processes zinc, copper, gold, silver and other metals and is engaged in exploration, mining, smelting, and metals recycling. The company has two operating segments: the business area smelters and the business area mines. The business area mines division comprises mining areas: Aitik, the Boliden Area, and Garpenberg in Sweden; Kevitsa in Finland; and the Tara mine in Ireland. It includes both underground mines and open-pit mines. The company generates maximum revenue from the Business area Smelters segment.
95GF Score

Get the complete analysis for MEX:BOLIN

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

MXN953.33
Price
MXN754.33
GF Value