Coeur Mining (MEX:CDE) Cyclically Adjusted PB Ratio: 4.48 (As of Sep. 01, 2026) — 853% Above Median

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MEX:CDE Coeur Mining Inc MEX:CDE
67 GF Score
Price MXN360.00
GF Value MXN204.95
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Coeur Mining Cyclically Adjusted PB Ratio?

Coeur Mining MEX:CDE 67 Cyclically Adjusted PB Ratio is 4.48 as of Sep. 01, 2026, which is 853% above its 10-year median of 0.47. GuruFocus rates MEX:CDE with a GF Score™ of 67/100 and a GF Value™ of MXN204.95 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,501 Metals & Mining companies, Coeur Mining ranks worse than 75.15% on this metric.

As of today (2026-09-01), Coeur Mining's current share price is MXN360.00. Coeur Mining's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN80.37. Coeur Mining's Cyclically Adjusted PB Ratio for today is 4.48.

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

MEX:CDE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.47   Max: 6.57
Current: 4.55

During the past years, Coeur Mining's highest Cyclically Adjusted PB Ratio was 6.57. The lowest was 0.18. And the median was 0.47.

MEX:CDE's Cyclically Adjusted PB Ratio is ranked worse than
75.15% of 1501 companies
in the Metals & Mining industry
Industry Median: 1.56 vs MEX:CDE: 4.55

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.

Coeur Mining's adjusted book value per share data for the three months ended in Jun. 2026 was MXN176.596. 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 MXN80.37 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Coeur Mining  (MEX:CDE) 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.


Coeur Mining Cyclically Adjusted PB Ratio Related Terms


Coeur Mining Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Coeur Mining'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.

Coeur Mining Cyclically Adjusted PB Ratio Chart

Coeur Mining 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 0.50 0.43 0.59 1.37 4.32

Coeur Mining 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 2.14 4.57 4.32 4.30 3.57

MEX:CDE vs RGLD, AUGO, HYMC: Cyclically Adjusted PB Ratio Comparison

For the Gold subindustry, Coeur Mining'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.


Coeur Mining Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


MEX:CDE
67GF Score
Coeur Mining Inc MEX:CDE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coeur Mining 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.

Coeur Mining's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=360.00/80.37
=4.48

* 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.

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

For example, Coeur Mining'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)
=176.596/333.9520*333.9520
=176.596

Current CPI (Jun. 2026) = 333.9520.

Coeur Mining Quarterly Data

Book Value per Share CPI Adj_Book
201609 72.965 241.428 100.928
201612 87.568 241.432 121.125
201703 81.608 243.801 111.784
201706 77.459 244.955 105.601
201709 76.475 246.819 103.473
201712 86.220 246.524 116.797
201803 79.463 249.554 106.337
201806 86.000 251.989 113.973
201809 76.788 252.439 101.583
201812 82.333 251.233 109.441
201903 78.717 254.202 103.413
201906 73.287 256.143 95.550
201909 76.405 256.759 99.376
201912 52.084 256.974 67.686
202003 63.595 258.115 82.280
202006 61.922 257.797 80.214
202009 60.200 260.280 77.240
202012 56.593 260.474 72.558
202103 60.492 264.877 76.267
202106 67.251 271.696 82.661
202109 65.123 274.310 79.282
202112 63.898 278.802 76.538
202203 63.808 287.504 74.117
202206 61.412 296.311 69.213
202209 58.847 296.808 66.211
202212 58.615 296.797 65.953
202303 51.538 301.836 57.022
202306 48.409 305.109 52.985
202309 47.719 307.789 51.775
202312 44.993 306.746 48.984
202403 42.393 312.332 45.327
202406 47.347 314.175 50.327
202409 53.414 315.301 56.574
202412 58.678 315.605 62.089
202503 87.988 319.799 91.882
202506 82.863 322.561 85.789
202509 88.371 324.800 90.861
202512 92.905 324.054 95.743
202603 181.501 330.213 183.556
202606 176.596 333.952 176.596

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 4.48 mean?
Coeur Mining (MEX:CDE) has a Cyclically Adjusted PB Ratio of 4.48 as of Sep. 01, 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 Coeur Mining and its competitors. This is 853% above median its historical median of 0.47. Over the past decade, Coeur Mining's Cyclically Adjusted PB Ratio has ranged from 0.18 to 6.57. According to the industry distribution chart, Coeur Mining ranks #1128 out of 1501 companies in the Metals & Mining industry, placing it in the top 75.1%.
Is Coeur Mining's Cyclically Adjusted PB Ratio too high?
Coeur Mining's current Cyclically Adjusted PB Ratio of 4.48 is 853% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 6.57. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.56. Coeur Mining's value of 4.48 is 187.2% above this industry median. Based on the distribution chart, Coeur Mining ranks #1128 out of 1501 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Coeur Mining has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coeur Mining's Cyclically Adjusted PB Ratio compare to RGLD and AUGO?
According to the Metals & Mining industry distribution chart, Coeur Mining ranks #1128 out of 1501 companies for Cyclically Adjusted PB Ratio. This places Coeur Mining in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Coeur Mining's value of 4.48 is 187.2% above this benchmark. Historically, Coeur Mining's own Cyclically Adjusted PB Ratio has ranged from 0.18 to 6.57 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 1.56, Coeur Mining 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 1.56, based on 1,501 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. Coeur Mining's current Cyclically Adjusted PB Ratio of 4.48 is 187.2% 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 Coeur Mining and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coeur Mining's current Cyclically Adjusted PB Ratio is 4.48, which is 853% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coeur Mining stock overvalued right now?
Based on GuruFocus' analysis, Coeur Mining (MEX:CDE) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN204.95, compared to a current price of MXN360.00 — trading 75.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.48, which is 853% above median its 10-year median of 0.47 and 187.2% above the Metals & Mining industry median of 1.56. Coeur Mining's overall GF Score™ is 67/100 with 2 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 Coeur Mining (MEX:CDE), the current Cyclically Adjusted PB Ratio is 4.48 as of Sep. 01, 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 Coeur Mining (MEX:CDE) Overvalued in 2026?

Based on GuruFocus' analysis, Coeur Mining stock appears to be overvalued. The current stock price of MXN360.00 is trading 75.7% above its estimated GF Value™ of MXN204.95. GuruFocus considers Coeur Mining to be Significantly Overvalued.

Key valuation signals for MEX:CDE:

  • Cyclically Adjusted PB Ratio: 4.48 (853% above median its 10-year median of 0.47)
  • GF Value™: MXN204.95 vs. price of MXN360.00 (75.7% above fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 187.2% above the Metals & Mining median (#1128 of 1501)

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


Coeur Mining Business Description

Address 200 South Wacker Drive, Suite 2100, Chicago, IL, USA, 60606
Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, Rochester, Wharf, and Kensington. Its projects are located in the United States, Canada, and Mexico generating maximum revenue from United States.
67GF Score

Get the complete analysis for MEX:CDE

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

MXN360.00
Price
MXN204.95
GF Value