Silvercorp Metals (TSX:SVM) Cyclically Adjusted PB Ratio: 3.56 (As of Jul. 22, 2026) — 111% Above Median

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TSX:SVM Silvercorp Metals Inc TSX:SVM
93 GF Score
Price C$13.45
GF Value C$8.34
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Silvercorp Metals Cyclically Adjusted PB Ratio?

Silvercorp Metals TSX:SVM +7.34% 93 Cyclically Adjusted PB Ratio is 3.56 as of Jul. 22, 2026, which is 111% above its 10-year median of 1.69. GuruFocus rates TSX:SVM with a GF Score™ of 93/100 and a GF Value™ of C$8.34 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,542 Metals & Mining companies, Silvercorp Metals ranks worse than 72.37% on this metric.

As of today (2026-07-22), Silvercorp Metals's current share price is C$13.45. Silvercorp Metals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$3.78. Silvercorp Metals's Cyclically Adjusted PB Ratio for today is 3.56.

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

TSX:SVM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.69   Max: 5.21
Current: 3.56

During the past years, Silvercorp Metals's highest Cyclically Adjusted PB Ratio was 5.21. The lowest was 0.94. And the median was 1.69.

TSX:SVM's Cyclically Adjusted PB Ratio is ranked worse than
72.37% of 1542 companies
in the Metals & Mining industry
Industry Median: 1.395 vs TSX:SVM: 3.56

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.

Silvercorp Metals's adjusted book value per share data for the three months ended in Mar. 2026 was C$5.844. 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 C$3.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Silvercorp Metals  (TSX:SVM) 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.


Silvercorp Metals Cyclically Adjusted PB Ratio Related Terms


Silvercorp Metals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Silvercorp Metals'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.

Silvercorp Metals Cyclically Adjusted PB Ratio Chart

Silvercorp Metals Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.58 1.68 1.37 1.61 3.95

Silvercorp Metals 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 1.61 1.64 2.44 3.15 3.95

TSX:SVM vs EXK: Cyclically Adjusted PB Ratio Comparison

For the Silver subindustry, Silvercorp Metals'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.


Silvercorp Metals Cyclically Adjusted PB Ratio vs Metals & Mining Industry

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

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


TSX:SVM
93GF Score
Silvercorp Metals Inc TSX:SVM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Silvercorp Metals 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.

Silvercorp Metals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.45/3.78
=3.56

* 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.

Silvercorp Metals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Silvercorp Metals'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)
=5.844/132.2623*132.2623
=5.844

Current CPI (Mar. 2026) = 132.2623.

Silvercorp Metals Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.796 102.002 2.329
201609 1.914 101.765 2.488
201612 1.963 101.449 2.559
201703 2.098 102.634 2.704
201706 2.201 103.029 2.826
201709 2.169 103.345 2.776
201712 2.384 103.345 3.051
201803 2.549 105.004 3.211
201806 2.548 105.557 3.193
201809 2.536 105.636 3.175
201812 2.624 105.399 3.293
201903 2.735 106.979 3.381
201906 2.775 107.690 3.408
201909 2.783 107.611 3.421
201912 2.892 107.769 3.549
202003 2.961 107.927 3.629
202006 3.110 108.401 3.795
202009 3.275 108.164 4.005
202012 3.353 108.559 4.085
202103 3.344 110.298 4.010
202106 3.411 111.720 4.038
202109 3.572 112.905 4.184
202112 3.683 113.774 4.281
202203 3.663 117.646 4.118
202206 3.576 120.806 3.915
202209 3.495 120.648 3.831
202212 3.737 120.964 4.086
202303 3.782 122.702 4.077
202306 3.629 124.203 3.864
202309 3.744 125.230 3.954
202312 3.874 125.072 4.097
202403 3.872 126.258 4.056
202406 4.044 127.522 4.194
202409 4.395 127.285 4.567
202412 4.648 127.364 4.827
202503 4.633 129.181 4.744
202506 4.548 129.892 4.631
202509 4.547 130.287 4.616
202512 4.440 130.366 4.505
202603 5.844 132.262 5.844

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 3.56 mean?
Silvercorp Metals (TSX:SVM) has a Cyclically Adjusted PB Ratio of 3.56 as of Jul. 22, 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 Silvercorp Metals and its competitors. This is 111% above median its historical median of 1.69. Over the past decade, Silvercorp Metals' Cyclically Adjusted PB Ratio has ranged from 0.94 to 5.21. According to the industry distribution chart, Silvercorp Metals ranks #1116 out of 1542 companies in the Metals & Mining industry, placing it in the top 72.4%.
Is Silvercorp Metals' Cyclically Adjusted PB Ratio too high?
Silvercorp Metals' current Cyclically Adjusted PB Ratio of 3.56 is 111% above median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 5.21. The Metals & Mining industry median Cyclically Adjusted PB Ratio is 1.40. Silvercorp Metals' value of 3.56 is 155.2% above this industry median. Based on the distribution chart, Silvercorp Metals ranks #1116 out of 1542 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Silvercorp Metals has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Silvercorp Metals' Cyclically Adjusted PB Ratio compare to EXK?
According to the Metals & Mining industry distribution chart, Silvercorp Metals ranks #1116 out of 1542 companies for Cyclically Adjusted PB Ratio. This places Silvercorp Metals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.40. Silvercorp Metals' value of 3.56 is 155.2% above this benchmark. Historically, Silvercorp Metals' own Cyclically Adjusted PB Ratio has ranged from 0.94 to 5.21 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 1.40, Silvercorp Metals 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 1,542 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. Silvercorp Metals's current Cyclically Adjusted PB Ratio of 3.56 is 155.2% 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 Silvercorp Metals 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. Silvercorp Metals's current Cyclically Adjusted PB Ratio is 3.56, which is 111% above median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Silvercorp Metals stock overvalued right now?
Based on GuruFocus' analysis, Silvercorp Metals (TSX:SVM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$8.34, compared to a current price of C$13.45 — trading 61.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.56, which is 111% above median its 10-year median of 1.69 and 155.2% above the Metals & Mining industry median of 1.40. Silvercorp Metals' overall GF Score™ is 93/100 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 Silvercorp Metals (TSX:SVM), the current Cyclically Adjusted PB Ratio is 3.56 as of Jul. 22, 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 Silvercorp Metals (TSX:SVM) Overvalued in 2026?

Based on GuruFocus' analysis, Silvercorp Metals stock appears to be overvalued. The current stock price of C$13.45 is trading 61.3% above its estimated GF Value™ of C$8.34. GuruFocus considers Silvercorp Metals to be Significantly Overvalued.

Key valuation signals for TSX:SVM:

  • Cyclically Adjusted PB Ratio: 3.56 (111% above median its 10-year median of 1.69)
  • GF Value™: C$8.34 vs. price of C$13.45 (61.3% above fair value)
  • GF Score™: 93/100 with 2 warning signs
  • Industry Position: 155.2% above the Metals & Mining median (#1116 of 1542)

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


Silvercorp Metals Business Description

Other Exchanges SVM:USA0QZ2:UKS9Y:Germany
Address 1066 West Hastings Street, 1750 Suite, Vancouver, BC, CAN, V6E 3X1
Silvercorp Metals Inc is engaged in the acquisition, exploration, development, and mining of mineral properties. The Company's producing mines are located in China, and current exploration and development projects are located in China, Ecuador and Kyrgyz Republic. The company operates in single segment. The Company mainly produces and sells silver, lead, zinc, gold and other metals. The company's producing projects are Ying Mining District, GC Mine; construction projects are El Domo; permitting project is BYP Mine; development project includes Condor, Tulkubash/Kyzyltash.
93GF Score

Get the complete analysis for TSX:SVM

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

C$13.45
Price
C$8.34
GF Value