Barrick Mining (MEX:BN) Cyclically Adjusted PS Ratio: (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MEX:BN Barrick Mining Corp MEX:BN
86 GF Score
Price MXN650.00
GF Value MXN473.83
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Barrick Mining Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Barrick Mining  (MEX:BN) 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 Mining Cyclically Adjusted PS Ratio Related Terms


Barrick Mining Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Barrick Mining'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.

Barrick Mining Cyclically Adjusted PS Ratio Chart

Barrick Mining 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 2.17 2.15 2.30 2.15 5.61

Barrick Mining Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.68 2.70 4.35 5.61 0.00

MEX:BN vs NEM, AU, RGLD: Cyclically Adjusted PS Ratio Comparison

For the Gold subindustry, Barrick Mining'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 Mining Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


MEX:BN
86GF Score
Barrick Mining Corp MEX:BN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Barrick Mining 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 Mining's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Barrick Mining's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0/132.2623*132.2623
=0.000

Current CPI (Mar. 2026) = 132.2623.

Barrick Mining Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 31.939 102.002 41.414
201609 38.123 101.765 49.548
201612 41.039 101.449 53.504
201703 32.184 102.634 41.475
201706 33.486 103.029 42.987
201709 31.020 103.345 39.700
201712 37.399 103.345 47.864
201803 27.866 105.004 35.100
201806 28.826 105.557 36.119
201809 29.444 105.636 36.866
201812 32.035 105.399 40.200
201903 23.253 106.979 28.749
201906 22.619 107.690 27.780
201909 30.108 107.611 37.005
201912 30.564 107.769 37.510
202003 35.884 107.927 43.975
202006 39.660 108.401 48.390
202009 43.983 108.164 53.782
202012 36.685 108.559 44.695
202103 33.984 110.298 40.752
202106 32.371 111.720 38.323
202109 32.663 112.905 38.263
202112 38.168 113.774 44.370
202203 31.931 117.646 35.898
202206 32.368 120.806 35.438
202209 28.750 120.648 31.518
202212 30.746 120.964 33.618
202303 27.145 122.702 29.260
202306 27.674 124.203 29.470
202309 28.406 125.230 30.001
202312 29.586 125.072 31.287
202403 25.962 126.258 27.197
202406 33.008 127.522 34.235
202409 37.852 127.285 39.332
202412 43.639 127.364 45.317
202503 37.121 129.181 38.006
202506 40.391 129.892 41.128
202509 44.681 130.287 45.358
202512 64.159 130.366 65.092
202603 0.000 132.262 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 Barrick Mining (MEX:BN) Overvalued in 2026?

Based on GuruFocus' analysis, Barrick Mining stock appears to be overvalued. The current stock price of MXN650.00 is trading 37.2% above its estimated GF Value™ of MXN473.83. GuruFocus considers Barrick Mining to be Significantly Overvalued.

Key valuation signals for MEX:BN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN473.83 vs. price of MXN650.00 (37.2% above fair value)
  • GF Score™: 86/100 with 1 warning sign

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


Barrick Mining Business Description

Address 161 Bay Street, Suite 3700, P.O. Box 212, Brookfield Place, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1
Based in Toronto, Barrick is one of the world's largest gold miners. In 2025, the firm sold about 3.3 million attributable ounces of gold and about 220,000 metric tons of copper. At end-2025, 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 the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure, driven by the expansion of its Lumwana mine in Zambia and the development of its Reko Diq copper and gold project in Pakistan. It intends to undertake an IPO of its joint venture stakes in Nevada Gold Mines and Pueblo Viejo along with its Fourmile deposit later in 2026.
86GF Score

Get the complete analysis for MEX:BN

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

MXN650.00
Price
MXN473.83
GF Value