Coeur Mining (MEX:CDE) Cyclically Adjusted PB Ratio: 3.43 (As of Aug. 02, 2026) — 630% Above Median

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MEX:CDE Coeur Mining Inc MEX:CDE
75 GF Score
Price MXN266.00
GF Value MXN174.66
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Coeur Mining Cyclically Adjusted PB Ratio?

Coeur Mining MEX:CDE 75 Cyclically Adjusted PB Ratio is 3.43 as of Aug. 02, 2026, which is 630% above its 10-year median of 0.47. GuruFocus rates MEX:CDE with a GF Score™ of 75/100 and a GF Value™ of MXN174.66 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,535 Metals & Mining companies, Coeur Mining ranks worse than 71.53% on this metric.

As of today (2026-08-02), Coeur Mining's current share price is MXN266.00. Coeur Mining's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was MXN77.53. Coeur Mining's Cyclically Adjusted PB Ratio for today is 3.43.

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: 3.41

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
71.53% of 1535 companies
in the Metals & Mining industry
Industry Median: 1.4 vs MEX:CDE: 3.41

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 Mar. 2026 was MXN181.501. 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 MXN77.53 for the trailing ten years ended in Mar. 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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.42 2.14 4.57 4.32 4.30

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
75GF 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
=266.00/77.53
=3.43

* 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 Mar. 2026 is calculated as:

For example, Coeur Mining's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=181.501/330.2130*330.2130
=181.501

Current CPI (Mar. 2026) = 330.2130.

Coeur Mining Quarterly Data

Book Value per Share CPI Adj_Book
201606 56.511 241.018 77.424
201609 72.965 241.428 99.798
201612 87.568 241.432 119.769
201703 81.608 243.801 110.533
201706 77.459 244.955 104.419
201709 76.475 246.819 102.314
201712 86.220 246.524 115.490
201803 79.463 249.554 105.146
201806 86.000 251.989 112.697
201809 76.788 252.439 100.446
201812 82.333 251.233 108.216
201903 78.717 254.202 102.255
201906 73.287 256.143 94.480
201909 76.405 256.759 98.263
201912 52.084 256.974 66.928
202003 63.595 258.115 81.359
202006 61.922 257.797 79.316
202009 60.200 260.280 76.375
202012 56.593 260.474 71.745
202103 60.492 264.877 75.413
202106 67.251 271.696 81.735
202109 65.123 274.310 78.395
202112 63.898 278.802 75.681
202203 63.808 287.504 73.287
202206 61.412 296.311 68.438
202209 58.847 296.808 65.470
202212 58.615 296.797 65.214
202303 51.538 301.836 56.383
202306 48.409 305.109 52.392
202309 47.719 307.789 51.196
202312 44.993 306.746 48.435
202403 42.393 312.332 44.820
202406 47.347 314.175 49.764
202409 53.414 315.301 55.940
202412 58.678 315.605 61.394
202503 87.988 319.799 90.853
202506 82.863 322.561 84.829
202509 88.371 324.800 89.844
202512 92.905 324.054 94.671
202603 181.501 330.213 181.501

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 3.43 mean?
Coeur Mining (MEX:CDE) has a Cyclically Adjusted PB Ratio of 3.43 as of Aug. 02, 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 630% 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 #1098 out of 1535 companies in the Metals & Mining industry, placing it in the top 71.5%.
Is Coeur Mining's Cyclically Adjusted PB Ratio too high?
Coeur Mining's current Cyclically Adjusted PB Ratio of 3.43 is 630% 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 1.40. Coeur Mining's value of 3.43 is 145% above this industry median. Based on the distribution chart, Coeur Mining ranks #1098 out of 1535 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Coeur Mining has a GF Score™ of 75/100 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 #1098 out of 1535 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 1.40. Coeur Mining's value of 3.43 is 145% 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 1.40, 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 1.40, based on 1,535 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 3.43 is 145% 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 1.40 — 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 3.43, which is 630% 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 MXN174.66, compared to a current price of MXN266.00 — trading 52.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.43, which is 630% above median its 10-year median of 0.47 and 145% above the Metals & Mining industry median of 1.40. Coeur Mining's overall GF Score™ is 75/100 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 3.43 as of Aug. 02, 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 MXN266.00 is trading 52.3% above its estimated GF Value™ of MXN174.66. GuruFocus considers Coeur Mining to be Significantly Overvalued.

Key valuation signals for MEX:CDE:

  • Cyclically Adjusted PB Ratio: 3.43 (630% above median its 10-year median of 0.47)
  • GF Value™: MXN174.66 vs. price of MXN266.00 (52.3% above fair value)
  • GF Score™: 75/100 with 2 warning signs
  • Industry Position: 145% above the Metals & Mining median (#1098 of 1535)

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.
75GF 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.

MXN266.00
Price
MXN174.66
GF Value