Hudbay Minerals (LIM:HBM) Cyclically Adjusted PS Ratio: 4.07 (As of Sep. 16, 2026) — 189% Above Median

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LIM:HBM Hudbay Minerals Inc LIM:HBM
59 GF Score
Price $25.51
GF Value $10.82
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Hudbay Minerals Cyclically Adjusted PS Ratio?

Hudbay Minerals LIM:HBM -0.04% 59 Cyclically Adjusted PS Ratio is 4.07 as of Sep. 16, 2026, which is 189% above its 10-year median of 1.41. GuruFocus rates LIM:HBM with a GF Score™ of 59/100 and a GF Value™ of $10.82 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 579 Metals & Mining companies, Hudbay Minerals ranks worse than 67.01% on this metric.

As of today (2026-09-16), Hudbay Minerals's current share price is $25.51. Hudbay Minerals's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $6.26. Hudbay Minerals's Cyclically Adjusted PS Ratio for today is 4.07.

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

LIM:HBM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.36   Med: 1.41   Max: 4.97
Current: 4.41

During the past years, Hudbay Minerals's highest Cyclically Adjusted PS Ratio was 4.97. The lowest was 0.36. And the median was 1.41.

LIM:HBM's Cyclically Adjusted PS Ratio is ranked worse than
67.01% of 579 companies
in the Metals & Mining industry
Industry Median: 2.29 vs LIM:HBM: 4.41

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.

Hudbay Minerals's adjusted revenue per share data for the three months ended in Jun. 2026 was $1.662. 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 $6.26 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hudbay Minerals  (LIM:HBM) 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.


Hudbay Minerals Cyclically Adjusted PS Ratio Related Terms


Hudbay Minerals Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hudbay Minerals'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.

Hudbay Minerals Cyclically Adjusted PS Ratio Chart

Hudbay Minerals 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 1.48 0.98 1.00 1.39 3.28

Hudbay Minerals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.75 2.48 3.28 3.34 3.81

LIM:HBM vs SCCO, FCX: Cyclically Adjusted PS Ratio Comparison

For the Copper subindustry, Hudbay Minerals'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.


Hudbay Minerals Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


LIM:HBM
59GF Score
Hudbay Minerals Inc LIM:HBM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hudbay Minerals 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.

Hudbay Minerals's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.51/6.263
=4.07

* 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.

Hudbay Minerals's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hudbay Minerals's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.662/133.5265*133.5265
=1.662

Current CPI (Jun. 2026) = 133.5265.

Hudbay Minerals Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.302 101.765 1.708
201612 1.372 101.449 1.806
201703 1.138 102.634 1.481
201706 1.431 103.029 1.855
201709 1.569 103.345 2.027
201712 1.585 103.345 2.048
201803 1.480 105.004 1.882
201806 1.439 105.557 1.820
201809 1.391 105.636 1.758
201812 1.352 105.399 1.713
201903 1.131 106.979 1.412
201906 1.262 107.690 1.565
201909 1.137 107.611 1.411
201912 1.256 107.769 1.556
202003 0.975 107.927 1.206
202006 0.773 108.401 0.952
202009 1.183 108.164 1.460
202012 1.212 108.559 1.491
202103 1.210 110.298 1.465
202106 1.547 111.720 1.849
202109 1.380 112.905 1.632
202112 1.640 113.774 1.925
202203 1.439 117.646 1.633
202206 1.654 120.806 1.828
202209 1.366 120.648 1.512
202212 1.171 120.964 1.293
202303 1.075 122.702 1.170
202306 1.166 124.203 1.254
202309 1.432 125.230 1.527
202312 1.684 125.072 1.798
202403 1.436 126.258 1.519
202406 1.115 127.522 1.168
202409 1.217 127.285 1.277
202412 1.397 127.364 1.465
202503 1.418 129.181 1.466
202506 1.360 129.892 1.398
202509 0.852 130.287 0.873
202512 1.815 130.366 1.859
202603 1.896 132.262 1.914
202606 1.662 133.527 1.662

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 4.07 mean?
Hudbay Minerals (LIM:HBM) has a Cyclically Adjusted PS Ratio of 4.07 as of Sep. 16, 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 Hudbay Minerals and its competitors. This is 189% above median its historical median of 1.41. Over the past decade, Hudbay Minerals' Cyclically Adjusted PS Ratio has ranged from 0.36 to 4.97. According to the industry distribution chart, Hudbay Minerals ranks #388 out of 579 companies in the Metals & Mining industry, placing it in the top 67%.
Is Hudbay Minerals' Cyclically Adjusted PS Ratio too high?
Hudbay Minerals' current Cyclically Adjusted PS Ratio of 4.07 is 189% above median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 4.97. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.29. Hudbay Minerals' value of 4.07 is 77.7% above this industry median. Based on the distribution chart, Hudbay Minerals ranks #388 out of 579 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Hudbay Minerals has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hudbay Minerals' Cyclically Adjusted PS Ratio compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Hudbay Minerals ranks #388 out of 579 companies for Cyclically Adjusted PS Ratio. This places Hudbay Minerals in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.29. Hudbay Minerals' value of 4.07 is 77.7% above this benchmark. Historically, Hudbay Minerals' own Cyclically Adjusted PS Ratio has ranged from 0.36 to 4.97 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 2.29, Hudbay Minerals 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 PS Ratio for a Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.29, based on 579 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. Hudbay Minerals's current Cyclically Adjusted PS Ratio of 4.07 is 77.7% 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 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 Hudbay Minerals and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hudbay Minerals's current Cyclically Adjusted PS Ratio is 4.07, which is 189% above median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hudbay Minerals stock overvalued right now?
Based on GuruFocus' analysis, Hudbay Minerals (LIM:HBM) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.82, compared to a current price of $25.51 — trading 135.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.07, which is 189% above median its 10-year median of 1.41 and 77.7% above the Metals & Mining industry median of 2.29. Hudbay Minerals' overall GF Score™ is 59/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Hudbay Minerals (LIM:HBM), the current Cyclically Adjusted PS Ratio is 4.07 as of Sep. 16, 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 Hudbay Minerals (LIM:HBM) Overvalued in 2026?

Based on GuruFocus' analysis, Hudbay Minerals stock appears to be overvalued. The current stock price of $25.51 is trading 135.8% above its estimated GF Value™ of $10.82. GuruFocus considers Hudbay Minerals to be Significantly Overvalued.

Key valuation signals for LIM:HBM:

  • Cyclically Adjusted PS Ratio: 4.07 (189% above median its 10-year median of 1.41)
  • GF Value™: $10.82 vs. price of $25.51 (135.8% above fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 77.7% above the Metals & Mining median (#388 of 579)

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


Hudbay Minerals Business Description

Address 25 York Street, Suite 800, Toronto, ON, CAN, M5J 2V5
Hudbay Minerals Inc is a copper-focused critical minerals company with three long-life operations and a pipeline of copper growth projects in Canada, Peru, and the United States. Its operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada), and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by gold, zinc, silver, and molybdenum production. Hudbay's growth pipeline includes the Copper World project and the Mason project in the USA, and the Llaguen project in Peru. The company's reportable segments are: Peru, which generates the maximum revenue, Manitoba, British Columbia, and Arizona. Geographically, it generates maximum revenue from China and Canada.
59GF Score

Get the complete analysis for LIM:HBM

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

$25.51
Price
$10.82
GF Value