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McEwen Mining (McEwen Mining) Cyclically Adjusted PS Ratio : 3.78 (As of May. 02, 2024)


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What is McEwen Mining Cyclically Adjusted PS Ratio?

As of today (2024-05-02), McEwen Mining's current share price is $11.61. McEwen Mining's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $3.07. McEwen Mining's Cyclically Adjusted PS Ratio for today is 3.78.

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

MUX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.06   Med: 7.3   Max: 52.04
Current: 3.76

During the past years, McEwen Mining's highest Cyclically Adjusted PS Ratio was 52.04. The lowest was 1.06. And the median was 7.30.

MUX's Cyclically Adjusted PS Ratio is ranked worse than
78.84% of 586 companies
in the Metals & Mining industry
Industry Median: 1.335 vs MUX: 3.76

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.

McEwen Mining's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.226. 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 $3.07 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


McEwen Mining Cyclically Adjusted PS Ratio Historical Data

The historical data trend for McEwen Mining'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.

* Premium members only.

McEwen Mining Cyclically Adjusted PS Ratio Chart

McEwen Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.35 4.08 3.43 2.08 2.35

McEwen Mining Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.08 2.95 2.45 2.18 2.35

Competitive Comparison of McEwen Mining's Cyclically Adjusted PS Ratio

For the Other Precious Metals & Mining subindustry, McEwen Mining'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.


McEwen Mining's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

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

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



McEwen Mining 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.

McEwen Mining's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.61/3.07
=3.78

* 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.

McEwen Mining's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, McEwen Mining's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.226/125.4675*125.4675
=1.226

Current CPI (Dec. 2023) = 125.4675.

McEwen Mining Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.373 98.604 0.475
201406 0.392 99.473 0.494
201409 0.298 99.394 0.376
201412 0.457 98.367 0.583
201503 0.770 99.789 0.968
201506 0.538 100.500 0.672
201509 0.749 100.421 0.936
201512 0.380 99.947 0.477
201603 0.710 101.054 0.882
201606 0.487 102.002 0.599
201609 0.446 101.765 0.550
201612 0.370 101.449 0.458
201703 0.495 102.634 0.605
201706 0.490 103.029 0.597
201709 0.428 103.345 0.520
201712 0.723 103.345 0.878
201803 1.225 105.004 1.464
201806 1.003 105.557 1.192
201809 0.797 105.636 0.947
201812 0.782 105.399 0.931
201903 0.460 106.979 0.539
201906 1.049 107.690 1.222
201909 0.903 107.611 1.053
201912 0.854 107.769 0.994
202003 0.784 107.927 0.911
202006 0.457 108.401 0.529
202009 0.678 108.164 0.786
202012 0.677 108.559 0.782
202103 0.537 110.298 0.611
202106 0.886 111.720 0.995
202109 0.809 112.905 0.899
202112 0.761 113.774 0.839
202203 0.550 117.646 0.587
202206 0.646 120.806 0.671
202209 0.548 120.648 0.570
202212 0.583 120.964 0.605
202303 0.733 122.702 0.750
202306 0.725 124.203 0.732
202309 0.809 125.230 0.811
202312 1.226 125.468 1.226

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.


McEwen Mining  (NYSE:MUX) 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.


McEwen Mining Cyclically Adjusted PS Ratio Related Terms

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


McEwen Mining (McEwen Mining) Business Description

Traded in Other Exchanges
Address
150 King Street West, Suite 2800, Toronto, ON, CAN, M5H 1J9
McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.
Executives
Michelle Makori director C/O MCEWEN MINING INC., 150 KING STREET WEST, SUITE 2800, TORONTO A6 A6 M5H 1J9
Ian J Ball officer: Vice President, Mexico 99 GEORGE STREET, THIRD FLOOR, TORONTO A6 M5A 2N4
G. Peter Mah officer: Chief Operating Officer 150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Merri Sanchez director 150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
William M Shaver director 150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Anna Man-yue Ladd-kruger officer: Chief Financial Officer 150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Stephen Mcgibbon officer: EVP of Exploration 150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Richard W. Brissenden director 2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Merushe Verli officer: Chief Financial Officer 150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Michele L Ashby director 2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Chris Stewart officer: President and COO 150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Allen V Ambrose director 2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Simon Tyler Quick officer: Vice President - Projects 2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Xavier Ochoa officer: Chief Operating Officer 150 KING ST. WEST, SUITE 2800, TORONTO A6 M5H 1J9
Sylvain Guerard officer: SVP, Exploration 150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9

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