Hochschild Mining (MEX:HOCN) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

MEX:HOCN Hochschild Mining PLC MEX:HOCN
90 GF Score
Price MXN158.28
GF Value MXN100.65
! 1 Warning Sign
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What is Hochschild Mining Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hochschild Mining  (MEX:HOCN) 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.


Hochschild Mining Cyclically Adjusted PB Ratio Related Terms


Hochschild Mining Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hochschild 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.

Hochschild Mining Cyclically Adjusted PB Ratio Chart

Hochschild 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 1.02 0.55 0.85 1.73 4.08

Hochschild Mining Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.85 0.00 1.73 0.00 4.08

MEX:HOCN vs HL: Cyclically Adjusted PB Ratio Comparison

For the Other Precious Metals & Mining subindustry, Hochschild 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.


Hochschild Mining Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


MEX:HOCN
90GF Score
Hochschild Mining PLC MEX:HOCN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hochschild 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.

Hochschild Mining's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Hochschild Mining's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=25.255/139.9000*139.9000
=25.255

Current CPI (Dec25) = 139.9000.

Hochschild Mining Annual Data

Book Value per Share CPI Adj_Book
201612 28.571 102.200 39.110
201712 28.323 105.000 37.737
201812 27.663 107.100 36.135
201912 26.903 108.500 34.689
202012 28.124 109.400 35.965
202112 27.767 114.700 33.868
202212 24.935 125.300 27.840
202312 20.076 130.500 21.522
202412 24.764 135.100 25.644
202512 25.255 139.900 25.255

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 Hochschild Mining (MEX:HOCN) Overvalued in 2026?

Based on GuruFocus' analysis, Hochschild Mining stock appears to be overvalued. The current stock price of MXN158.28 is trading 57.3% above its estimated GF Value™ of MXN100.65.

Key valuation signals for MEX:HOCN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: MXN100.65 vs. price of MXN158.28 (57.3% above fair value)
  • GF Score™: 90/100 with 1 warning sign

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


Hochschild Mining Business Description

Address 21 Gloucester Place, London, GBR, W1U 8HR
Hochschild Mining PLC is engaged in the mining, processing, and sale of silver and gold. It has one operating mine (Inmaculada) located in southern Peru, one operating mine (San Jose) located in Argentina, and one operating mine (Mara Rosa) located in Brazil. The Group also has a portfolio of projects located across Peru, Argentina, Brazil, and Chile, at various stages of development. Its reportable segments are Inmaculada, San Jose, Mara Rosa, Pallancata, Exploration, and Other. A majority of its revenue is generated from the Inmaculada segment, which generates revenue from the sale of gold and silver (dore). Geographically, the group generates maximum revenue from Canada, followed by Switzerland, the USA, Peru, South Korea, Germany, Japan, and other regions.
90GF Score

Get the complete analysis for MEX:HOCN

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

MXN158.28
Price
MXN100.65
GF Value