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Barrick Gold (LTS:0R22) Cyclically Adjusted PS Ratio : 2.31 (As of May. 20, 2024)


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What is Barrick Gold Cyclically Adjusted PS Ratio?

As of today (2024-05-20), Barrick Gold's current share price is £13.927. Barrick Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was £6.03. Barrick Gold's Cyclically Adjusted PS Ratio for today is 2.31.

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

LTS:0R22' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.92   Max: 3.42
Current: 2.34

During the past years, Barrick Gold's highest Cyclically Adjusted PS Ratio was 3.42. The lowest was 0.75. And the median was 1.92.

LTS:0R22's Cyclically Adjusted PS Ratio is ranked worse than
67.06% of 586 companies
in the Metals & Mining industry
Industry Median: 1.32 vs LTS:0R22: 2.34

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.

Barrick Gold's adjusted revenue per share data for the three months ended in Mar. 2024 was £1.231. 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 £6.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Barrick Gold Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Barrick Gold'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.

Barrick Gold Cyclically Adjusted PS Ratio Chart

Barrick Gold 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 2.07 2.55 2.17 2.15 2.30

Barrick Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.34 2.11 1.87 2.30 2.17

Competitive Comparison of Barrick Gold's Cyclically Adjusted PS Ratio

For the Gold subindustry, Barrick Gold'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.


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

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

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



Barrick Gold 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.

Barrick Gold's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.927/6.03
=2.31

* 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.

Barrick Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Barrick Gold's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.231/126.2576*126.2576
=1.231

Current CPI (Mar. 2024) = 126.2576.

Barrick Gold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.247 99.473 1.583
201409 1.383 99.394 1.757
201412 1.377 98.367 1.767
201503 1.289 99.789 1.631
201506 1.229 100.500 1.544
201509 1.296 100.421 1.629
201512 1.283 99.947 1.621
201603 1.163 101.054 1.453
201606 1.216 102.002 1.505
201609 1.500 101.765 1.861
201612 1.594 101.449 1.984
201703 1.385 102.634 1.704
201706 1.447 103.029 1.773
201709 1.282 103.345 1.566
201712 1.421 103.345 1.736
201803 1.098 105.004 1.320
201806 1.103 105.557 1.319
201809 1.204 105.636 1.439
201812 1.289 105.399 1.544
201903 0.910 106.979 1.074
201906 0.929 107.690 1.089
201909 1.232 107.611 1.445
201912 1.236 107.769 1.448
202003 1.237 107.927 1.447
202006 1.373 108.401 1.599
202009 1.537 108.164 1.794
202012 1.372 108.559 1.596
202103 1.199 110.298 1.372
202106 1.159 111.720 1.310
202109 1.156 112.905 1.293
202112 1.399 113.774 1.553
202203 1.217 117.646 1.306
202206 1.306 120.806 1.365
202209 1.262 120.648 1.321
202212 1.295 120.964 1.352
202303 1.241 122.702 1.277
202306 1.278 124.203 1.299
202309 1.318 125.230 1.329
202312 1.377 125.072 1.390
202403 1.231 126.258 1.231

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.


Barrick Gold  (LTS:0R22) 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.


Barrick Gold Cyclically Adjusted PS Ratio Related Terms

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


Barrick Gold (LTS:0R22) Business Description

Address
161 Bay Street, Brookfield Place, Suite 3700, P.O. Box 212, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1
Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2022, the firm produced nearly 4.1 million attributable ounces of gold and about 440 million pounds of copper. At end 2022, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.

Barrick Gold (LTS:0R22) Headlines

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