Boliden AB (CHIX:BOLS) Cyclically Adjusted PS Ratio: 1.89 (As of Jul. 17, 2026) — 17% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

CHIX:BOLS Boliden AB CHIX:BOLS
93 GF Score
Price kr532.40
GF Value kr397.45
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Boliden AB Cyclically Adjusted PS Ratio?

Boliden AB CHIX:BOLS 93 Cyclically Adjusted PS Ratio is 1.89 as of Jul. 17, 2026, which is 17% above its 10-year median of 1.62. GuruFocus rates CHIX:BOLS with a GF Score™ of 93/100 and a GF Value™ of kr397.45 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 577 Metals & Mining companies, Boliden AB ranks better than 53.73% on this metric.

As of today (2026-07-17), Boliden AB's current share price is kr532.40. Boliden AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr281.71. Boliden AB's Cyclically Adjusted PS Ratio for today is 1.89.

The historical rank and industry rank for Boliden AB's Cyclically Adjusted PS Ratio or its related term are showing as below:

CHIX:BOLs' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.62   Max: 2.65
Current: 1.84

During the past years, Boliden AB's highest Cyclically Adjusted PS Ratio was 2.65. The lowest was 0.93. And the median was 1.62.

CHIX:BOLs's Cyclically Adjusted PS Ratio is ranked better than
53.73% of 577 companies
in the Metals & Mining industry
Industry Median: 2.1 vs CHIX:BOLs: 1.84

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Boliden AB's adjusted revenue per share data for the three months ended in Mar. 2026 was kr97.980. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr281.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boliden AB  (CHIX:BOLs) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Boliden AB Cyclically Adjusted PS Ratio Related Terms


Boliden AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Boliden AB's Cyclically Adjusted PS 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.

Boliden AB Cyclically Adjusted PS Ratio Chart

Boliden AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 1.76 1.28 1.18 1.86

Boliden AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 1.24 1.10 1.41 1.86 1.72

Boliden AB Cyclically Adjusted PS Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Boliden AB's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Boliden AB Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

* The bar in red indicates where Boliden AB's Cyclically Adjusted PS Ratio falls into.


CHIX:BOLS
93GF Score
Boliden AB CHIX:BOLS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boliden AB Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Boliden AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=532.40/281.71
=1.89

* 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.

Boliden AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Boliden AB's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=97.98/133.5600*133.5600
=97.980

Current CPI (Mar. 2026) = 133.5600.

Boliden AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 35.085 101.019 46.387
201609 35.585 101.138 46.993
201612 44.375 102.022 58.093
201703 46.543 102.022 60.931
201706 42.243 102.752 54.909
201709 42.514 103.279 54.979
201712 49.793 103.793 64.073
201803 48.740 103.962 62.616
201806 51.446 104.875 65.518
201809 45.739 105.679 57.806
201812 45.856 105.912 57.827
201903 47.702 105.886 60.169
201906 46.605 106.742 58.314
201909 40.839 107.214 50.875
201912 47.428 107.766 58.780
202003 48.298 106.563 60.534
202006 48.960 107.498 60.830
202009 49.541 107.635 61.473
202012 59.120 108.296 72.912
202103 62.458 108.360 76.983
202106 65.412 108.928 80.204
202109 58.155 110.338 70.394
202112 64.919 112.486 77.081
202203 79.748 114.825 92.760
202206 78.856 118.384 88.965
202209 71.222 122.296 77.782
202212 86.201 126.365 91.109
202303 72.984 127.042 76.729
202306 67.427 129.407 69.591
202309 70.915 130.224 72.732
202312 75.889 131.912 76.837
202403 67.579 132.205 68.271
202406 83.182 132.716 83.711
202409 81.153 132.304 81.923
202412 94.288 132.987 94.694
202503 77.015 132.825 77.441
202506 78.445 133.699 78.364
202509 77.340 133.480 77.386
202512 99.058 133.390 99.184
202603 97.980 133.560 97.980

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 1.89 mean?
Boliden AB (CHIX:BOLS) has a Cyclically Adjusted PS Ratio of 1.89 as of Jul. 17, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Boliden AB and its competitors. This is 17% above median its historical median of 1.62. Over the past decade, Boliden AB's Cyclically Adjusted PS Ratio has ranged from 0.93 to 2.65. According to the industry distribution chart, Boliden AB ranks #267 out of 577 companies in the Metals & Mining industry, placing it in the top 46.3%.
Is Boliden AB's Cyclically Adjusted PS Ratio too high?
Boliden AB's current Cyclically Adjusted PS Ratio of 1.89 is 17% above median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 2.65. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.10. Boliden AB's value of 1.89 is 10% below this industry median. Based on the distribution chart, Boliden AB ranks #267 out of 577 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Boliden AB has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Boliden AB's Cyclically Adjusted PS Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Boliden AB ranks #267 out of 577 companies for Cyclically Adjusted PS Ratio. This puts Boliden AB in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.10. Boliden AB's value of 1.89 is 10% below this benchmark. Historically, Boliden AB's own Cyclically Adjusted PS Ratio has ranged from 0.93 to 2.65 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 2.10, Boliden AB has consistently been below 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 PS Ratio for a Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.10, based on 577 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boliden AB's current Cyclically Adjusted PS Ratio of 1.89 is 10% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Boliden AB and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boliden AB's current Cyclically Adjusted PS Ratio is 1.89, which is 17% above median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boliden AB stock overvalued right now?
Based on GuruFocus' analysis, Boliden AB (CHIX:BOLS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr397.45, compared to a current price of kr532.40 — trading 34% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.89, which is 17% above median its 10-year median of 1.62 and 10% below the Metals & Mining industry median of 2.10. Boliden AB's overall GF Score™ is 93/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Boliden AB (CHIX:BOLS), the current Cyclically Adjusted PS Ratio is 1.89 as of Jul. 17, 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 Boliden AB (CHIX:BOLS) Overvalued in 2026?

Based on GuruFocus' analysis, Boliden AB stock appears to be overvalued. The current stock price of kr532.40 is trading 34% above its estimated GF Value™ of kr397.45. GuruFocus considers Boliden AB to be Significantly Overvalued.

Key valuation signals for CHIX:BOLS:

  • Cyclically Adjusted PS Ratio: 1.89 (17% above median its 10-year median of 1.62)
  • GF Value™: kr397.45 vs. price of kr532.40 (34% above fair value)
  • GF Score™: 93/100 with 7 warning signs
  • Industry Position: 10% below the Metals & Mining median (#267 of 577)

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


Boliden AB Business Description

Address Klarabergsviadukten 90, P.O. Box 44, Stockholm, SWE, SE-101 20
Boliden AB operates Mines and smelters in Sweden, Norway, Finland, and Ireland. The company processes zinc, copper, gold, silver and other metals and is engaged in exploration, mining, smelting, and metals recycling. The company has two operating segments: the business area smelters and the business area mines. The business area mines division comprises mining areas: Aitik, the Boliden Area, and Garpenberg in Sweden; Kevitsa in Finland; and the Tara mine in Ireland. It includes both underground mines and open-pit mines. The company generates maximum revenue from the Business area Smelters segment.
93GF Score

Get the complete analysis for CHIX:BOLS

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

kr532.40
Price
kr397.45
GF Value