Mineral Resources (ASX:MIN) Cyclically Adjusted PS Ratio: 3.79 (As of Jul. 05, 2026) — 17% Above Median


ASX:MIN Mineral Resources Ltd ASX:MIN
83 GF Score
Price A$65.07
GF Value A$72.84
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Mineral Resources Cyclically Adjusted PS Ratio?

Mineral Resources ASX:MIN +2.05% 83 Cyclically Adjusted PS Ratio is 3.79 as of Jul. 05, 2026, which is 17% above its 10-year median of 3.23. GuruFocus rates ASX:MIN with a GF Score™ of 83/100 and a GF Value™ of A$72.84 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 574 Metals & Mining companies, Mineral Resources ranks worse than 63.41% on this metric.

As of today (2026-07-05), Mineral Resources's current share price is A$65.07. Mineral Resources's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 was A$17.16. Mineral Resources's Cyclically Adjusted PS Ratio for today is 3.79.

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

ASX:MIN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.08   Med: 3.23   Max: 8.2
Current: 3.79

During the past 13 years, Mineral Resources's highest Cyclically Adjusted PS Ratio was 8.20. The lowest was 1.08. And the median was 3.23.

ASX:MIN's Cyclically Adjusted PS Ratio is ranked worse than
63.41% of 574 companies
in the Metals & Mining industry
Industry Median: 2.25 vs ASX:MIN: 3.79

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.

Mineral Resources's adjusted revenue per share data of for the fiscal year that ended in Jun25 was A$22.701. 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 A$17.16 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mineral Resources  (ASX:MIN) 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.


Mineral Resources Cyclically Adjusted PS Ratio Related Terms


Mineral Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mineral Resources'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.

Mineral Resources Cyclically Adjusted PS Ratio Chart

Mineral Resources Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.67 4.30 5.24 3.48 1.26

Mineral Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 3.48 0.00 1.26 0.00

Mineral Resources Cyclically Adjusted PS Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Mineral Resources'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.


Mineral Resources Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


ASX:MIN
83GF Score
Mineral Resources Ltd ASX:MIN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mineral Resources 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.

Mineral Resources's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=65.07/17.16
=3.79

* 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.

Mineral Resources's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Mineral Resources's adjusted Revenue per Share data for the fiscal year that ended in Jun25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=22.701/131.5506*131.5506
=22.701

Current CPI (Jun25) = 131.5506.

Mineral Resources Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.301 0.000
201706 7.787 0.000
201806 8.639 0.000
201906 6.822 0.000
202006 11.282 0.000
202106 19.795 0.000
202206 18.095 0.000
202306 24.799 0.000
202406 26.733 0.000
202506 22.701 131.551 22.701

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 3.79 mean?
Mineral Resources (ASX:MIN) has a Cyclically Adjusted PS Ratio of 3.79 as of Jul. 05, 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 Mineral Resources and its competitors. This is 17% above median its historical median of 3.23. Over the past decade, Mineral Resources' Cyclically Adjusted PS Ratio has ranged from 1.08 to 8.20. According to the industry distribution chart, Mineral Resources ranks #364 out of 574 companies in the Metals & Mining industry, placing it in the top 63.4%.
Is Mineral Resources' Cyclically Adjusted PS Ratio too high?
Mineral Resources' current Cyclically Adjusted PS Ratio of 3.79 is 17% above median its 10-year median of 3.23. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 8.20. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.25. Mineral Resources' value of 3.79 is 68.4% above this industry median. Based on the distribution chart, Mineral Resources ranks #364 out of 574 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Mineral Resources has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mineral Resources' Cyclically Adjusted PS Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Mineral Resources ranks #364 out of 574 companies for Cyclically Adjusted PS Ratio. This places Mineral Resources in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.25. Mineral Resources' value of 3.79 is 68.4% above this benchmark. Historically, Mineral Resources' own Cyclically Adjusted PS Ratio has ranged from 1.08 to 8.20 over the past decade. While the company's 10-year median is 3.23 vs. the industry median of 2.25, Mineral Resources 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 2.25, based on 574 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. Mineral Resources's current Cyclically Adjusted PS Ratio of 3.79 is 68.4% 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 Mineral Resources and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mineral Resources's current Cyclically Adjusted PS Ratio is 3.79, which is 17% above median its own 10-year median of 3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mineral Resources stock overvalued right now?
Based on GuruFocus' analysis, Mineral Resources (ASX:MIN) is currently considered Modestly Undervalued. The stock's GF Value™ is A$72.84, compared to a current price of A$65.07 — trading 10.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.79, which is 17% above median its 10-year median of 3.23 and 68.4% above the Metals & Mining industry median of 2.25. Mineral Resources' overall GF Score™ is 83/100 with 10 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 Mineral Resources (ASX:MIN), the current Cyclically Adjusted PS Ratio is 3.79 as of Jul. 05, 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 Mineral Resources (ASX:MIN) Overvalued in 2026?

Based on GuruFocus' analysis, Mineral Resources stock appears to be undervalued. The current stock price of A$65.07 is trading 10.7% below its estimated GF Value™ of A$72.84. GuruFocus considers Mineral Resources to be Modestly Undervalued.

Key valuation signals for ASX:MIN:

  • Cyclically Adjusted PS Ratio: 3.79 (17% above median its 10-year median of 3.23)
  • GF Value™: A$72.84 vs. price of A$65.07 (10.7% below fair value)
  • GF Score™: 83/100 with 10 warning signs
  • Industry Position: 68.4% above the Metals & Mining median (#364 of 574)

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


Mineral Resources Business Description

Address 20 Walters Drive, Osborne Park, Perth, WA, AUS, 6017
Mineral Resources listed on the ASX in 2006 following the merger of three mining services businesses. The subsidiary companies were previously owned by managing director Chris Ellison, who remains a large shareholder despite selling down. Operations include iron ore and lithium mining, iron ore crushing and screening services for third parties, and engineering and construction for mining companies. Mining and contracting activity is focused in Western Australia.
83GF Score

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

A$65.07
Price
A$72.84
GF Value