Equinox Gold (STU:1LRC) Cyclically Adjusted PS Ratio: (As of Aug. 06, 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.

STU:1LRC Equinox Gold Corp STU:1LRC
79 GF Score
Price €8.93
GF Value €5.71
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Equinox Gold Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Equinox Gold  (STU:1LRC) 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.


Equinox Gold Cyclically Adjusted PS Ratio Related Terms


Equinox Gold Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Equinox 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.

Equinox Gold Cyclically Adjusted PS Ratio Chart

Equinox Gold 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 2.35 1.13 1.55 1.78 4.75

Equinox Gold 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 1.91 3.74 4.75 4.82 0.00

STU:1LRC vs NEM, AU: Cyclically Adjusted PS Ratio Comparison

For the Gold subindustry, Equinox 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.


Equinox Gold Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


STU:1LRC
79GF Score
Equinox Gold Corp STU:1LRC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Equinox 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.

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

For example, Equinox Gold'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)
=0.805/133.5265*133.5265
=0.805

Current CPI (Jun. 2026) = 133.5265.

Equinox Gold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.000 101.765 0.000
201612 0.009 101.449 0.012
201703 0.172 102.634 0.224
201706 0.000 103.029 0.000
201709 0.000 103.345 0.000
201712 0.000 103.345 0.000
201803 0.000 105.004 0.000
201806 0.000 105.557 0.000
201809 0.000 105.636 0.000
201812 0.255 105.399 0.323
201903 0.283 106.979 0.353
201906 0.283 107.690 0.351
201909 0.589 107.611 0.731
201912 0.944 107.769 1.170
202003 0.839 107.927 1.038
202006 0.839 108.401 1.033
202009 0.850 108.164 1.049
202012 0.789 108.559 0.970
202103 0.662 110.298 0.801
202106 0.546 111.720 0.653
202109 0.693 112.905 0.820
202112 0.961 113.774 1.128
202203 0.670 117.646 0.760
202206 0.700 120.806 0.774
202209 0.812 120.648 0.899
202212 0.802 120.964 0.885
202303 0.640 122.702 0.696
202306 0.792 124.203 0.851
202309 0.843 125.230 0.899
202312 0.861 125.072 0.919
202403 0.685 126.258 0.724
202406 0.637 127.522 0.667
202409 0.888 127.285 0.932
202412 -0.049 127.364 -0.051
202503 0.539 129.181 0.557
202506 0.496 129.892 0.510
202509 0.892 130.287 0.914
202512 0.103 130.366 0.105
202603 0.903 132.262 0.912
202606 0.805 133.527 0.805

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 Equinox Gold (STU:1LRC) Overvalued in 2026?

Based on GuruFocus' analysis, Equinox Gold stock appears to be overvalued. The current stock price of €8.93 is trading 56.4% above its estimated GF Value™ of €5.71. GuruFocus considers Equinox Gold to be Significantly Overvalued.

Key valuation signals for STU:1LRC:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €5.71 vs. price of €8.93 (56.4% above fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the STU:1LRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Equinox Gold Business Description

Other Exchanges EQX:USAEQX:Canada
Address 700 West Pender Street, Suite 1501, Vancouver, BC, CAN, V6C 1G8
Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration, and development of mineral properties, with a focus on gold. The company operates gold mines and a clear plan to increase production by advancing the pipeline of growth projects. Geographically, the company operates in the Canada, United States, Mexico, and others. The majority of its revenue is generated from Canada.
79GF Score

Get the complete analysis for STU:1LRC

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

€8.93
Price
€5.71
GF Value