MERFF (Merafe Resources) Cyclically Adjusted PS Ratio: 0.33 (As of Jul. 11, 2026) — 33% Below Median


MERFF Merafe Resources Ltd MERFF
65 GF Score
Price $0.22
GF Value $0.17
! 9 Warning Signs
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What is Merafe Resources Cyclically Adjusted PS Ratio?

Merafe Resources MERFF 65 Cyclically Adjusted PS Ratio is 0.33 as of Jul. 11, 2026, which is 33% below its 10-year median of 0.49. GuruFocus rates MERFF with a GF Score™ of 65/100 and a GF Value™ of $0.17. The stock has 9 warning signs investors should review. Among 574 Metals & Mining companies, Merafe Resources ranks better than 86.06% on this metric.

As of today (2026-07-11), Merafe Resources's current share price is $0.2177. Merafe Resources's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was $0.65. Merafe Resources's Cyclically Adjusted PS Ratio for today is 0.33.

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

MERFF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.49   Max: 1.29
Current: 0.4

During the past 13 years, Merafe Resources's highest Cyclically Adjusted PS Ratio was 1.29. The lowest was 0.15. And the median was 0.49.

MERFF's Cyclically Adjusted PS Ratio is ranked better than
86.06% of 574 companies
in the Metals & Mining industry
Industry Median: 2.245 vs MERFF: 0.40

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.

Merafe Resources's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $0.138. 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 $0.65 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Merafe Resources  (OTCPK:MERFF) 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.


Merafe Resources Cyclically Adjusted PS Ratio Related Terms


Merafe Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Merafe 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.

Merafe Resources Cyclically Adjusted PS Ratio Chart

Merafe 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 0.51 0.49 0.44 0.44 0.34

Merafe 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 0.44 0.00 0.44 0.00 0.34

Merafe Resources Cyclically Adjusted PS Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Merafe 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.


Merafe Resources Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


MERFF
65GF Score
Merafe Resources Ltd MERFF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Merafe 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.2177/0.65
=0.33

* 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.

Merafe Resources's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Merafe Resources's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.138/162.8800*162.8800
=0.138

Current CPI (Dec25) = 162.8800.

Merafe Resources Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.164 109.002 0.245
201712 0.179 113.907 0.256
201812 0.157 118.921 0.215
201912 0.149 123.717 0.196
202012 0.128 127.467 0.164
202112 0.202 135.029 0.244
202212 0.184 145.156 0.206
202312 0.198 152.718 0.211
202412 0.185 157.212 0.192
202512 0.138 162.880 0.138

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 0.33 mean?
Merafe Resources (MERFF) has a Cyclically Adjusted PS Ratio of 0.33 as of Jul. 11, 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 Merafe Resources and its competitors. This is 33% below median its historical median of 0.49. Over the past decade, Merafe Resources' Cyclically Adjusted PS Ratio has ranged from 0.15 to 1.29. According to the industry distribution chart, Merafe Resources ranks #80 out of 574 companies in the Metals & Mining industry, placing it in the top 13.9%.
Is Merafe Resources' Cyclically Adjusted PS Ratio too high?
Merafe Resources' current Cyclically Adjusted PS Ratio of 0.33 is 33% below median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 1.29. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.25. Merafe Resources' value of 0.33 is 85.3% below this industry median. Based on the distribution chart, Merafe Resources ranks #80 out of 574 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Merafe Resources has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' Cyclically Adjusted PS Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Merafe Resources ranks #80 out of 574 companies for Cyclically Adjusted PS Ratio. This places Merafe Resources in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 2.25. Merafe Resources' value of 0.33 is 85.3% below this benchmark. Historically, Merafe Resources' own Cyclically Adjusted PS Ratio has ranged from 0.15 to 1.29 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 2.25, Merafe Resources has consistently been below 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. Merafe Resources's current Cyclically Adjusted PS Ratio of 0.33 is 85.3% below 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 Merafe 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. Merafe Resources's current Cyclically Adjusted PS Ratio is 0.33, which is 33% below median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merafe Resources stock overvalued right now?
Merafe Resources (MERFF) has a current Cyclically Adjusted PS Ratio of 0.33. The stock's GF Value™ is $0.17, compared to a current price of $0.22 — trading 28.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.33, which is 33% below median its 10-year median of 0.49 and 85.3% below the Metals & Mining industry median of 2.25. Merafe Resources' overall GF Score™ is 65/100 with 9 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 Merafe Resources (MERFF), the current Cyclically Adjusted PS Ratio is 0.33 as of Jul. 11, 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 Merafe Resources (MERFF) Overvalued in 2026?

Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued. The current stock price of $0.22 is trading 28.1% above its estimated GF Value™ of $0.17.

Key valuation signals for MERFF:

  • Cyclically Adjusted PS Ratio: 0.33 (33% below median its 10-year median of 0.49)
  • GF Value™: $0.17 vs. price of $0.22 (28.1% above fair value)
  • GF Score™: 65/100 with 9 warning signs
  • Industry Position: 85.3% below the Metals & Mining median (#80 of 574)

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


Merafe Resources Business Description

Other Exchanges MRF:South AfricaRZT:Germany
Address 35 Ballyclare Drive, Building B, 2nd Floor, Ballyoaks Office Park, Bryanston, Johannesburg, GT, ZAF, 2191
Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
65GF Score

Get the complete analysis for MERFF

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

$0.22
Price
$0.17
GF Value