EXNRF (Excellon Resources) Cyclically Adjusted PS Ratio: (As of Aug. 01, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

EXNRF Excellon Resources Inc EXNRF
30 GF Score
Price $0.21
GF Value $0.03
Valuation Significantly Overvalued
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What is Excellon Resources Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Excellon Resources  (OTCPK:EXNRF) 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.


Excellon Resources Cyclically Adjusted PS Ratio Related Terms


Excellon Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Excellon 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.

Excellon Resources Cyclically Adjusted PS Ratio Chart

Excellon Resources 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 0.63 0.20 0.00 0.00 0.00

Excellon Resources Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.00 0.00 0.00 0.00

EXNRF vs EXK: Cyclically Adjusted PS Ratio Comparison

For the Silver subindustry, Excellon 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.


Excellon Resources Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


EXNRF
30GF Score
Excellon Resources Inc EXNRF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Excellon 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.

Excellon Resources's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Excellon Resources's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0/130.3661*130.3661
=0.000

Current CPI (Dec. 2025) = 130.3661.

Excellon Resources Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.379 101.054 0.489
201606 0.409 102.002 0.523
201609 0.259 101.765 0.332
201612 0.339 101.449 0.436
201703 0.208 102.634 0.264
201706 0.218 103.029 0.276
201709 0.430 103.345 0.542
201712 0.405 103.345 0.511
201803 0.292 105.004 0.363
201806 0.483 105.557 0.597
201809 0.130 105.636 0.160
201812 0.301 105.399 0.372
201903 0.261 106.979 0.318
201906 0.437 107.690 0.529
201909 0.300 107.611 0.363
201912 0.288 107.769 0.348
202003 0.247 107.927 0.298
202006 0.024 108.401 0.029
202009 0.311 108.164 0.375
202012 0.313 108.559 0.376
202103 0.302 110.298 0.357
202106 0.300 111.720 0.350
202109 0.279 112.905 0.322
202112 0.281 113.774 0.322
202203 0.251 117.646 0.278
202206 0.230 120.806 0.248
202209 0.197 120.648 0.213
202212 0.070 120.964 0.075
202303 0.000 122.702 0.000
202306 0.000 124.203 0.000
202309 0.000 125.230 0.000
202312 0.000 125.072 0.000
202403 0.000 126.258 0.000
202406 0.000 127.522 0.000
202409 0.000 127.285 0.000
202412 0.000 127.364 0.000
202503 0.000 129.181 0.000
202506 0.000 129.892 0.000
202509 0.000 130.287 0.000
202512 0.000 130.366 0.000

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.

Is Excellon Resources (EXNRF) Overvalued in 2026?

Based on GuruFocus' analysis, Excellon Resources stock appears to be overvalued. The current stock price of $0.21 is trading 587.8% above its estimated GF Value™ of $0.03. GuruFocus considers Excellon Resources to be Significantly Overvalued.

Key valuation signals for EXNRF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $0.03 vs. price of $0.21 (587.8% above fair value)
  • GF Score™: 30/100

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


Excellon Resources Business Description

Address 100 King Street West, 3400 First Canadian Place, Toronto, ON, CAN, M5X 1A4
Excellon Resources Inc is engaged in the acquisition, exploration and advancement of mineral properties. The Company also holds a portfolio of exploration-stage projects, including the Tres Cerros Gold/Silver Exploration Property in Peru, Kilgore gold exploration project in Idaho, and Silver City silver district in Saxony, Germany. The Company has one reportable segment, Peru segment, which is principally engaged in the exploration, evaluation and development of mineral properties.
30GF Score

Get the complete analysis for EXNRF

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

$0.21
Price
$0.03
GF Value