Teck Resources (MEX:TECK N) Cyclically Adjusted PS Ratio: 3.97 (As of Sep. 15, 2026) — 111% Above Median

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MEX:TECK N Teck Resources Ltd MEX:TECK N
62 GF Score
Price MXN1,118.47
GF Value MXN1,043.01
Valuation Fairly Valued
! 8 Warning Signs
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What is Teck Resources Cyclically Adjusted PS Ratio?

Teck Resources MEX:TECK N 62 Cyclically Adjusted PS Ratio is 3.97 as of Sep. 15, 2026, which is 111% above its 10-year median of 1.88. GuruFocus rates MEX:TECK N with a GF Score™ of 62/100 and a GF Value™ of MXN1,043.01 (Fairly Valued). The stock has 8 warning signs investors should review. Among 579 Metals & Mining companies, Teck Resources ranks worse than 61.83% on this metric.

As of today (2026-09-15), Teck Resources's current share price is MXN1118.47. Teck Resources's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN281.68. Teck Resources's Cyclically Adjusted PS Ratio for today is 3.97.

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

MEX:TECK N' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 1.88   Max: 3.76
Current: 3.59

During the past years, Teck Resources's highest Cyclically Adjusted PS Ratio was 3.76. The lowest was 0.47. And the median was 1.88.

MEX:TECK N's Cyclically Adjusted PS Ratio is ranked worse than
61.83% of 579 companies
in the Metals & Mining industry
Industry Median: 2.29 vs MEX:TECK N: 3.59

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.

Teck Resources's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN91.176. 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 MXN281.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Teck Resources  (MEX:TECK N) 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.


Teck Resources Cyclically Adjusted PS Ratio Related Terms


Teck Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Teck 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.

Teck Resources Cyclically Adjusted PS Ratio Chart

Teck 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 1.82 2.29 2.42 2.49 2.70

Teck Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.31 2.53 2.70 2.88 3.29

MEX:TECK N vs SCCO, FCX: Cyclically Adjusted PS Ratio Comparison

For the Copper subindustry, Teck 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.


Teck Resources Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


MEX:TECK N
62GF Score
Teck Resources Ltd MEX:TECK N
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Teck 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1118.47/281.68
=3.97

* 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.

Teck Resources's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Teck Resources's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=91.176/133.5265*133.5265
=91.176

Current CPI (Jun. 2026) = 133.5265.

Teck Resources Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 58.121 101.765 76.261
201612 93.582 101.449 123.173
201703 68.420 102.634 89.014
201706 65.684 103.029 85.127
201709 77.410 103.345 100.018
201712 82.948 103.345 107.173
201803 74.451 105.004 94.674
201806 77.502 105.557 98.038
201809 79.087 105.636 99.968
201812 81.812 105.399 103.645
201903 78.448 106.979 97.915
201906 79.633 107.690 98.738
201909 80.532 107.611 99.926
201912 68.921 107.769 85.393
202003 73.338 107.927 90.733
202006 55.170 108.401 67.957
202009 71.557 108.164 88.336
202012 74.856 108.559 92.072
202103 76.935 110.298 93.138
202106 77.222 111.720 92.295
202109 119.237 112.905 141.015
202112 108.939 113.774 127.852
202203 132.745 117.646 150.664
202206 152.546 120.806 168.609
202209 121.231 120.648 134.172
202212 86.509 120.964 95.493
202303 95.464 122.702 103.886
202306 86.393 124.203 92.878
202309 48.577 125.230 51.795
202312 44.314 125.072 47.309
202403 37.875 126.258 40.056
202406 45.987 127.522 48.152
202409 79.922 127.285 83.841
202412 79.624 127.364 83.477
202503 64.583 129.181 66.756
202506 56.097 129.892 57.667
202509 91.641 130.287 93.920
202512 81.457 130.366 83.432
202603 105.570 132.262 106.579
202606 91.176 133.527 91.176

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 3.97 mean?
Teck Resources (MEX:TECK N) has a Cyclically Adjusted PS Ratio of 3.97 as of Sep. 15, 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 Teck Resources and its competitors. This is 111% above median its historical median of 1.88. Over the past decade, Teck Resources' Cyclically Adjusted PS Ratio has ranged from 0.47 to 3.76. According to the industry distribution chart, Teck Resources ranks #358 out of 579 companies in the Metals & Mining industry, placing it in the top 61.8%.
Is Teck Resources' Cyclically Adjusted PS Ratio too high?
Teck Resources' current Cyclically Adjusted PS Ratio of 3.97 is 111% above median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 3.76. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.29. Teck Resources' value of 3.97 is 73.4% above this industry median. Based on the distribution chart, Teck Resources ranks #358 out of 579 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Teck Resources has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Teck Resources' Cyclically Adjusted PS Ratio compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Teck Resources ranks #358 out of 579 companies for Cyclically Adjusted PS Ratio. This places Teck Resources in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.29. Teck Resources' value of 3.97 is 73.4% above this benchmark. Historically, Teck Resources' own Cyclically Adjusted PS Ratio has ranged from 0.47 to 3.76 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 2.29, Teck Resources has consistently been above 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 2.29, based on 579 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. Teck Resources's current Cyclically Adjusted PS Ratio of 3.97 is 73.4% above 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 Teck Resources and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teck Resources's current Cyclically Adjusted PS Ratio is 3.97, which is 111% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teck Resources stock overvalued right now?
Based on GuruFocus' analysis, Teck Resources (MEX:TECK N) is currently considered Fairly Valued. The stock's GF Value™ is MXN1,043.01, compared to a current price of MXN1,118.47 — trading 7.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.97, which is 111% above median its 10-year median of 1.88 and 73.4% above the Metals & Mining industry median of 2.29. Teck Resources' overall GF Score™ is 62/100 with 8 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 Teck Resources (MEX:TECK N), the current Cyclically Adjusted PS Ratio is 3.97 as of Sep. 15, 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 Teck Resources (MEX:TECK N) Overvalued in 2026?

Based on GuruFocus' analysis, Teck Resources stock appears to be overvalued. The current stock price of MXN1,118.47 is trading 7.2% above its estimated GF Value™ of MXN1,043.01. GuruFocus considers Teck Resources to be Fairly Valued.

Key valuation signals for MEX:TECK N:

  • Cyclically Adjusted PS Ratio: 3.97 (111% above median its 10-year median of 1.88)
  • GF Value™: MXN1,043.01 vs. price of MXN1,118.47 (7.2% above fair value)
  • GF Score™: 62/100 with 8 warning signs
  • Industry Position: 73.4% above the Metals & Mining median (#358 of 579)

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


Teck Resources Business Description

Address 550 Burrard Street, Suite 3300, Vancouver, BC, CAN, V6C 0B3
Teck is a base metals miner with copper and zinc operations in Canada, the United States, Chile, and Peru. After selling its metallurgical coal business, copper is now its major commodity by EBITDA contribution, followed by zinc. Teck is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low-carbon metals such as copper. It sold its oil sands business in early 2023 and its coal business in mid-2024. In September 2025, it agreed to merge with Anglo American in an all-equity deal.
62GF Score

Get the complete analysis for MEX:TECK N

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

MXN1,118.47
Price
MXN1,043.01
GF Value