Santacruz Silver Mining (TSXV:SCZ) Cyclically Adjusted PB Ratio: 13.35 (As of Jul. 22, 2026) — 767% Above Median

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TSXV:SCZ Santacruz Silver Mining Ltd TSXV:SCZ
62 GF Score
Price C$9.21
GF Value C$2.65
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Santacruz Silver Mining Cyclically Adjusted PB Ratio?

Santacruz Silver Mining TSXV:SCZ +7.85% 62 Cyclically Adjusted PB Ratio is 13.35 as of Jul. 22, 2026, which is 767% above its 10-year median of 1.54. GuruFocus rates TSXV:SCZ with a GF Score™ of 62/100 and a GF Value™ of C$2.65 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,542 Metals & Mining companies, Santacruz Silver Mining ranks worse than 94.03% on this metric.

As of today (2026-07-22), Santacruz Silver Mining's current share price is C$9.21. Santacruz Silver Mining's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$0.69. Santacruz Silver Mining's Cyclically Adjusted PB Ratio for today is 13.35.

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

TSXV:SCZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.54   Max: 33.08
Current: 13.39

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.

TSXV:SCZ's Cyclically Adjusted PB Ratio is ranked worse than
94.03% of 1542 companies
in the Metals & Mining industry
Industry Median: 1.395 vs TSXV:SCZ: 13.39

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 Mar. 2026 was C$3.105. 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$0.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Santacruz Silver Mining  (TSXV:SCZ) 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
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 3.29 6.42 17.50 20.46 17.58

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.


TSXV:SCZ
62GF Score
Santacruz Silver Mining Ltd TSXV:SCZ
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
=9.21/0.69
=13.35

* 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 Mar. 2026 is calculated as:

For example, Santacruz Silver 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)
=3.105/132.2623*132.2623
=3.105

Current CPI (Mar. 2026) = 132.2623.

Santacruz Silver Mining Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.309 102.002 1.697
201609 0.982 101.765 1.276
201612 0.879 101.449 1.146
201703 0.951 102.634 1.226
201706 0.693 103.029 0.890
201709 0.473 103.345 0.605
201712 0.205 103.345 0.262
201803 0.173 105.004 0.218
201806 0.266 105.557 0.333
201809 0.189 105.636 0.237
201812 0.037 105.399 0.046
201903 -0.011 106.979 -0.014
201906 -0.036 107.690 -0.044
201909 -0.075 107.611 -0.092
201912 -0.434 107.769 -0.533
202003 -0.459 107.927 -0.562
202006 -0.445 108.401 -0.543
202009 -0.426 108.164 -0.521
202012 -0.184 108.559 -0.224
202103 -0.048 110.298 -0.058
202106 0.195 111.720 0.231
202109 0.202 112.905 0.237
202112 0.042 113.774 0.049
202203 0.187 117.646 0.210
202206 0.310 120.806 0.339
202209 0.185 120.648 0.203
202212 -0.361 120.964 -0.395
202303 -0.221 122.702 -0.238
202306 -0.196 124.203 -0.209
202309 -0.184 125.230 -0.194
202312 -0.516 125.072 -0.546
202403 2.078 126.258 2.177
202406 2.172 127.522 2.253
202409 2.238 127.285 2.326
202412 2.103 127.364 2.184
202503 2.280 129.181 2.334
202506 2.502 129.892 2.548
202509 2.784 130.287 2.826
202512 2.686 130.366 2.725
202603 3.105 132.262 3.105

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 13.35 mean?
Santacruz Silver Mining (TSXV:SCZ) has a Cyclically Adjusted PB Ratio of 13.35 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 Santacruz Silver Mining and its competitors. This is 767% 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 #1450 out of 1542 companies in the Metals & Mining industry, placing it in the top 94%.
Is Santacruz Silver Mining's Cyclically Adjusted PB Ratio too high?
Santacruz Silver Mining's current Cyclically Adjusted PB Ratio of 13.35 is 767% 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 1.40. Santacruz Silver Mining's value of 13.35 is 857% above this industry median. Based on the distribution chart, Santacruz Silver Mining ranks #1450 out of 1542 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Santacruz Silver Mining has a GF Score™ of 62/100 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 #1450 out of 1542 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 1.40. Santacruz Silver Mining's value of 13.35 is 857% 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 1.40, 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 1.40, 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. Santacruz Silver Mining's current Cyclically Adjusted PB Ratio of 13.35 is 857% 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 1.40 — 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 13.35, which is 767% 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 (TSXV:SCZ) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.65, compared to a current price of C$9.21 — trading 247.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 13.35, which is 767% above median its 10-year median of 1.54 and 857% above the Metals & Mining industry median of 1.40. Santacruz Silver Mining's overall GF Score™ is 62/100 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 (TSXV:SCZ), the current Cyclically Adjusted PB Ratio is 13.35 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 Santacruz Silver Mining (TSXV:SCZ) Overvalued in 2026?

Based on GuruFocus' analysis, Santacruz Silver Mining stock appears to be overvalued. The current stock price of C$9.21 is trading 247.5% above its estimated GF Value™ of C$2.65. GuruFocus considers Santacruz Silver Mining to be Significantly Overvalued.

Key valuation signals for TSXV:SCZ:

  • Cyclically Adjusted PB Ratio: 13.35 (767% above median its 10-year median of 1.54)
  • GF Value™: C$2.65 vs. price of C$9.21 (247.5% above fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 857% above the Metals & Mining median (#1450 of 1542)

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


Santacruz Silver Mining Business Description

Other Exchanges SCZM:USA0R20:UK1SZ0:Germany
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.
62GF Score

Get the complete analysis for TSXV:SCZ

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

C$9.21
Price
C$2.65
GF Value