Umicore (MEX:UMIN) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:UMIN Umicore SA MEX:UMIN
64 GF Score
Price MXN454.09
GF Value MXN340.80
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Umicore Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Umicore  (MEX:UMIN) 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.


Umicore Cyclically Adjusted PS Ratio Related Terms


Umicore Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Umicore'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.

Umicore Cyclically Adjusted PS Ratio Chart

Umicore 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 0.66 0.46 0.28 0.24 0.23

Umicore Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.25 0.24 0.24 0.23 0.25

MEX:UMIN vs WM, RSG, WCN: Cyclically Adjusted PS Ratio Comparison

For the Waste Management subindustry, Umicore'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.


Umicore Cyclically Adjusted PS Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Umicore's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:UMIN
64GF Score
Umicore SA MEX:UMIN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Umicore 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.

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

For example, Umicore'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)
=1739.783/135.0800*135.0800
=1,739.783

Current CPI (Dec25) = 135.0800.

Umicore Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 984.433 102.614 1,295.899
201712 1,152.047 104.804 1,484.851
201812 1,288.036 107.252 1,622.233
201912 1,557.511 108.065 1,946.876
202012 2,099.606 108.511 2,613.703
202112 2,383.993 114.705 2,807.466
202212 2,235.013 126.578 2,385.142
202312 1,457.228 128.292 1,534.328
202412 1,224.768 132.346 1,250.073
202512 1,739.783 135.080 1,739.783

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 Umicore (MEX:UMIN) Overvalued in 2026?

Based on GuruFocus' analysis, Umicore stock appears to be overvalued. The current stock price of MXN454.09 is trading 33.2% above its estimated GF Value™ of MXN340.80. GuruFocus considers Umicore to be Significantly Overvalued.

Key valuation signals for MEX:UMIN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN340.80 vs. price of MXN454.09 (33.2% above fair value)
  • GF Score™: 64/100 with 2 warning signs

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


Umicore Business Description

Address Rue du Marais 31 Broekstraat, Brussels, BEL, 1000
Umicore SA is an advanced materials and recycling group. It operates in the business groups: Catalysis, Battery Materials, Specialty Materials, Recycling, and Corporate and Unallocated. Key revenue is derived from its Recycling segment, which treats complex waste streams containing precious and other specialty metals. The Battery Materials segment is engaged in developing, manufacturing, and marketing cathode materials (CAM) and its precursors (pCAM) for lithium-ion batteries. The Catalysis segment provides automotive catalysts for gasoline and diesel light and heavy-duty diesel applications, and the Specialty segment develops, manufactures, and distributes metal-based materials and chemicals for applications vital to everyday lives. Geographically, it derives majority revenue from Europe.
64GF Score

Get the complete analysis for MEX:UMIN

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

MXN454.09
Price
MXN340.80
GF Value