SCZM (Santacruz Silver Mining) Cyclically Adjusted PB Ratio: 18.96 (As of Aug. 26, 2026) — 1131% Above Median

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Director of Data and Quant Analytics at GuruFocus
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SCZM Santacruz Silver Mining Ltd SCZM
59 GF Score
Price $9.67
GF Value $2.15
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Santacruz Silver Mining Cyclically Adjusted PB Ratio?

Santacruz Silver Mining SCZM -1.12% 59 Cyclically Adjusted PB Ratio is 18.96 as of Aug. 26, 2026, which is 1131% above its 10-year median of 1.54. GuruFocus rates SCZM with a GF Score™ of 59/100 and a GF Value™ of $2.15 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,512 Metals & Mining companies, Santacruz Silver Mining ranks worse than 95.37% on this metric.

As of today (2026-08-26), Santacruz Silver Mining's current share price is $9.67. Santacruz Silver Mining's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $0.51. Santacruz Silver Mining's Cyclically Adjusted PB Ratio for today is 18.96.

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

SCZM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.54   Max: 33.08
Current: 18.38

During the past years, Santacruz Silver Mining's highest Cyclically Adjusted PB Ratio was 33.08. The lowest was 0.67. And the median was 1.54.

SCZM's Cyclically Adjusted PB Ratio is ranked worse than
95.37% of 1512 companies
in the Metals & Mining industry
Industry Median: 1.575 vs SCZM: 18.38

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.

Santacruz Silver Mining's adjusted book value per share data for the three months ended in Jun. 2026 was $2.292. 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 $0.51 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Santacruz Silver Mining  (NAS:SCZM) 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.


Santacruz Silver Mining Cyclically Adjusted PB Ratio Related Terms


Santacruz Silver Mining Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Santacruz Silver 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.

Santacruz Silver Mining Cyclically Adjusted PB Ratio Chart

Santacruz Silver 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 1.06 1.45 1.25 1.63 20.46

Santacruz Silver 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 6.42 17.50 20.46 17.58 12.57

Santacruz Silver Mining Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Santacruz Silver 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.


Santacruz Silver Mining Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


SCZM
59GF Score
Santacruz Silver Mining Ltd SCZM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Santacruz Silver 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.67/0.51
=18.96

* 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.

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

For example, Santacruz Silver 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)
=2.292/133.5265*133.5265
=2.292

Current CPI (Jun. 2026) = 133.5265.

Santacruz Silver Mining Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.749 101.765 0.983
201612 0.659 101.449 0.867
201703 0.710 102.634 0.924
201706 0.521 103.029 0.675
201709 0.385 103.345 0.497
201712 0.161 103.345 0.208
201803 0.134 105.004 0.170
201806 0.203 105.557 0.257
201809 0.145 105.636 0.183
201812 0.027 105.399 0.034
201903 -0.008 106.979 -0.010
201906 -0.027 107.690 -0.033
201909 -0.056 107.611 -0.069
201912 -0.329 107.769 -0.408
202003 -0.329 107.927 -0.407
202006 -0.329 108.401 -0.405
202009 -0.322 108.164 -0.398
202012 -0.144 108.559 -0.177
202103 -0.038 110.298 -0.046
202106 0.160 111.720 0.191
202109 0.160 112.905 0.189
202112 0.033 113.774 0.039
202203 0.148 117.646 0.168
202206 0.242 120.806 0.267
202209 0.139 120.648 0.154
202212 -0.266 120.964 -0.294
202303 -0.162 122.702 -0.176
202306 -0.148 124.203 -0.159
202309 -0.136 125.230 -0.145
202312 -0.385 125.072 -0.411
202403 1.535 126.258 1.623
202406 1.585 127.522 1.660
202409 1.652 127.285 1.733
202412 1.476 127.364 1.547
202503 1.588 129.181 1.641
202506 1.830 129.892 1.881
202509 2.013 130.287 2.063
202512 1.947 130.366 1.994
202603 2.263 132.262 2.285
202606 2.292 133.527 2.292

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 18.96 mean?
Santacruz Silver Mining (SCZM) has a Cyclically Adjusted PB Ratio of 18.96 as of Aug. 26, 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 Santacruz Silver Mining and its competitors. This is 1131% above median its historical median of 1.54. Over the past decade, Santacruz Silver Mining's Cyclically Adjusted PB Ratio has ranged from 0.67 to 33.08. According to the industry distribution chart, Santacruz Silver Mining ranks #1442 out of 1512 companies in the Metals & Mining industry, placing it in the top 95.4%.
Is Santacruz Silver Mining's Cyclically Adjusted PB Ratio too high?
Santacruz Silver Mining's current Cyclically Adjusted PB Ratio of 18.96 is 1131% above median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 33.08. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.58. Santacruz Silver Mining's value of 18.96 is 1103.8% above this industry median. Based on the distribution chart, Santacruz Silver Mining ranks #1442 out of 1512 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Santacruz Silver Mining has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Santacruz Silver Mining's Cyclically Adjusted PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Santacruz Silver Mining ranks #1442 out of 1512 companies for Cyclically Adjusted PB Ratio. This places Santacruz Silver Mining in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.58. Santacruz Silver Mining's value of 18.96 is 1103.8% above this benchmark. Historically, Santacruz Silver Mining's own Cyclically Adjusted PB Ratio has ranged from 0.67 to 33.08 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 1.58, Santacruz Silver 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 1.58, based on 1,512 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. Santacruz Silver Mining's current Cyclically Adjusted PB Ratio of 18.96 is 1103.8% 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 Santacruz Silver Mining and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PB Ratio is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Santacruz Silver Mining's current Cyclically Adjusted PB Ratio is 18.96, which is 1131% above median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Santacruz Silver Mining stock overvalued right now?
Based on GuruFocus' analysis, Santacruz Silver Mining (SCZM) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.15, compared to a current price of $9.67 — trading 349.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 18.96, which is 1131% above median its 10-year median of 1.54 and 1103.8% above the Metals & Mining industry median of 1.58. Santacruz Silver Mining's overall GF Score™ is 59/100 with 5 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 Santacruz Silver Mining (SCZM), the current Cyclically Adjusted PB Ratio is 18.96 as of Aug. 26, 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 Santacruz Silver Mining (SCZM) Overvalued in 2026?

Based on GuruFocus' analysis, Santacruz Silver Mining stock appears to be overvalued. The current stock price of $9.67 is trading 349.8% above its estimated GF Value™ of $2.15. GuruFocus considers Santacruz Silver Mining to be Significantly Overvalued.

Key valuation signals for SCZM:

  • Cyclically Adjusted PB Ratio: 18.96 (1131% above median its 10-year median of 1.54)
  • GF Value™: $2.15 vs. price of $9.67 (349.8% above fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 1103.8% above the Metals & Mining median (#1442 of 1512)

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


Santacruz Silver Mining Business Description

Address 1140 West Pender Street, Suite 480, Vancouver, BC, CAN, V6E 4G1
Santacruz Silver Mining Ltd is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin America, with a primary focus on silver and zinc, including lead and copper. The company earns the majority of its revenue from Zinc and Silver. The company's reportable operating segments are the Bolivar mine and processing plant, the Porco mine and processing plant, the Caballo Blanco Group, San Lucas, Zimapa mine and processing plant, and Corporate and Other activities. Key revenue is generated from Zimapan.
59GF Score

Get the complete analysis for SCZM

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

$9.67
Price
$2.15
GF Value