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Southern Copper (Southern Copper) Cyclically Adjusted PB Ratio : 11.54 (As of Apr. 27, 2024)


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What is Southern Copper Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Southern Copper's current share price is $116.94. Southern Copper's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $10.13. Southern Copper's Cyclically Adjusted PB Ratio for today is 11.54.

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

SCCO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.47   Med: 5.96   Max: 11.38
Current: 11.04

During the past years, Southern Copper's highest Cyclically Adjusted PB Ratio was 11.38. The lowest was 3.47. And the median was 5.96.

SCCO's Cyclically Adjusted PB Ratio is ranked worse than
96.02% of 1610 companies
in the Metals & Mining industry
Industry Median: 0.855 vs SCCO: 11.04

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.

Southern Copper's adjusted book value per share data for the three months ended in Dec. 2023 was $9.595. 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 $10.13 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Southern Copper Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Southern Copper'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.

* Premium members only.

Southern Copper Cyclically Adjusted PB Ratio Chart

Southern Copper Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.80 8.36 7.01 6.28 8.50

Southern Copper Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.28 7.74 7.16 7.42 8.50

Competitive Comparison of Southern Copper's Cyclically Adjusted PB Ratio

For the Copper subindustry, Southern Copper'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.


Southern Copper's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

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

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



Southern Copper 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.

Southern Copper's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=116.94/10.13
=11.54

* 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.

Southern Copper's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Southern Copper's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.595/129.4194*129.4194
=9.595

Current CPI (Dec. 2023) = 129.4194.

Southern Copper Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.844 99.695 8.885
201406 7.145 100.560 9.196
201409 7.149 100.428 9.213
201412 7.143 99.070 9.331
201503 7.063 99.621 9.176
201506 7.287 100.684 9.367
201509 7.025 100.392 9.056
201512 6.783 99.792 8.797
201603 6.942 100.470 8.942
201606 7.180 101.688 9.138
201609 7.369 101.861 9.363
201612 7.545 101.863 9.586
201703 7.871 102.862 9.903
201706 8.140 103.349 10.193
201709 8.524 104.136 10.594
201712 7.901 104.011 9.831
201803 8.210 105.290 10.092
201806 8.442 106.317 10.276
201809 8.520 106.507 10.353
201812 8.495 105.998 10.372
201903 8.598 107.251 10.375
201906 8.719 108.070 10.442
201909 8.824 108.329 10.542
201912 8.810 108.420 10.516
202003 8.688 108.902 10.325
202006 8.824 108.767 10.499
202009 9.080 109.815 10.701
202012 9.346 109.897 11.006
202103 9.734 111.754 11.273
202106 10.241 114.631 11.562
202109 10.472 115.734 11.710
202112 10.541 117.630 11.598
202203 10.556 121.301 11.262
202206 9.866 125.017 10.213
202209 9.788 125.227 10.116
202212 10.457 125.222 10.808
202303 10.509 127.348 10.680
202306 10.218 128.729 10.273
202309 10.018 129.860 9.984
202312 9.595 129.419 9.595

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.


Southern Copper  (NYSE:SCCO) 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.


Southern Copper Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Southern Copper's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Southern Copper (Southern Copper) Business Description

Address
7310 North 16th Street, Suite 135, Phoenix, AZ, USA, 85020
Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. Its geographical segments are The Americas, Europe, and Asia.
Executives
Castillo Sanchez Mejorada Enrique director C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028
Palomino Bonilla Luis Miguel director C/O SOUTHERN PERU COPPER CORP, 2575 E CAMELBACK RD, PHOENIX AZ 85016
Velasco German Larrea Mota director, officer: Chairman of the Board and CEO
Contreras Lerdo De Tejada Leonardo director 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Andreve Vicente Ariztegui director 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Perez Alfredo Casar director C/O SOUTHERN COPPER CORPORATION, AV. CAMINOS DEL INCA 171, LIMA R5 33
Castro Raul Vaca officer: General Auditor 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Chapa Ramon Leal officer: Senior Vice President 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Quintanilla Daniel Muniz director C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028
Mac Gregor Anciola Rafael director 1440 E. MISSOURI AVENUE, STE. C160, PHOENIX AZ 85014
Lopez Abad Rafael F. officer: General Auditor 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Lina Vingerhoets officer: Comptroller 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Julian Jorge Lazalde officer: Secretary 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Andres C Ferrero officer: General Counsel 1440 E MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Oscar Gonzalez Rocha director, officer: President

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