First Nickel (FRA:MYQ) Cyclically Adjusted PS Ratio: (As of Jul. 26, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is First Nickel Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Nickel  (FRA:MYQ) 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.


First Nickel Cyclically Adjusted PS Ratio Related Terms


First Nickel Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for First Nickel'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.

First Nickel Cyclically Adjusted PS Ratio Chart

First Nickel Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

First Nickel Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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

First Nickel Cyclically Adjusted PS Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, First Nickel'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.


First Nickel Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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



First Nickel 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.

First Nickel's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2015 is calculated as:

For example, First Nickel's adjusted Revenue per Share data for the three months ended in Jun. 2015 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2015 (Change)*Current CPI (Jun. 2015)
=0.007/100.5004*100.5004
=0.007

Current CPI (Jun. 2015) = 100.5004.

First Nickel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200507 0.000 84.619 0.000
200512 0.000 85.015 0.000
200603 0.001 85.805 0.001
200606 0.116 86.516 0.135
200609 0.129 86.279 0.150
200612 0.070 86.437 0.081
200703 0.065 87.780 0.074
200706 0.080 88.412 0.091
200709 0.076 88.412 0.086
200712 0.081 88.491 0.092
200803 0.046 88.965 0.052
200806 0.061 91.177 0.067
200809 0.056 91.414 0.062
200812 0.049 89.518 0.055
200903 0.017 90.071 0.019
200906 0.000 90.940 0.000
200909 0.000 90.624 0.000
200912 0.000 90.703 0.000
201003 0.000 91.335 0.000
201006 0.000 91.809 0.000
201009 0.000 92.362 0.000
201012 0.000 92.836 0.000
201103 0.000 94.338 0.000
201106 0.000 94.654 0.000
201109 0.000 95.286 0.000
201112 0.000 94.970 0.000
201203 0.000 96.155 0.000
201206 0.000 96.076 0.000
201209 0.037 96.392 0.039
201212 0.019 95.760 0.020
201303 0.038 97.103 0.039
201306 0.018 97.182 0.019
201309 0.015 97.419 0.015
201312 0.019 96.945 0.020
201403 0.017 98.604 0.017
201406 0.022 99.473 0.022
201409 0.022 99.394 0.022
201412 0.021 98.367 0.021
201503 0.008 99.789 0.008
201506 0.007 100.500 0.007

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.


First Nickel Business Description

Address 120 Front Street East, Suite 206, Toronto, ON, CAN, M5A 4L9
First Nickel Inc was incorporated as 2035666 Ontario Inc., under the laws of the Province of Ontario on November 12, 2003. The Company is a Canadian mining company focused on becoming a mid-tier base metal producer through the successful mining, exploration, development and acquisition of opportunities throughout North America.