Agnico Eagle Mines (STU:AE9) Cyclically Adjusted PS Ratio: 9.59 (As of Jul. 31, 2026) — 66% Above Median

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STU:AE9 Agnico Eagle Mines Ltd STU:AE9
95 GF Score
Price €130.65
GF Value €143.34
Valuation Fairly Valued
! 1 Warning Sign
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What is Agnico Eagle Mines Cyclically Adjusted PS Ratio?

Agnico Eagle Mines STU:AE9 +3.73% 95 Cyclically Adjusted PS Ratio is 9.59 as of Jul. 31, 2026, which is 66% above its 10-year median of 5.78. GuruFocus rates STU:AE9 with a GF Score™ of 95/100 and a GF Value™ of €143.34 (Fairly Valued). The stock has 1 warning sign investors should review. Among 574 Metals & Mining companies, Agnico Eagle Mines ranks worse than 86.93% on this metric.

As of today (2026-07-31), Agnico Eagle Mines's current share price is €130.65. Agnico Eagle Mines's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €13.62. Agnico Eagle Mines's Cyclically Adjusted PS Ratio for today is 9.59.

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

STU:AE9' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.35   Med: 5.78   Max: 17
Current: 9.55

During the past years, Agnico Eagle Mines's highest Cyclically Adjusted PS Ratio was 17.00. The lowest was 3.35. And the median was 5.78.

STU:AE9's Cyclically Adjusted PS Ratio is ranked worse than
86.93% of 574 companies
in the Metals & Mining industry
Industry Median: 2.105 vs STU:AE9: 9.55

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.

Agnico Eagle Mines's adjusted revenue per share data for the three months ended in Jun. 2026 was €6.564. 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 €13.62 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Agnico Eagle Mines  (STU:AE9) 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.


Agnico Eagle Mines Cyclically Adjusted PS Ratio Related Terms


Agnico Eagle Mines Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Agnico Eagle Mines'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.

Agnico Eagle Mines Cyclically Adjusted PS Ratio Chart

Agnico Eagle Mines 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 4.65 4.49 4.33 6.26 11.55

Agnico Eagle Mines 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 8.51 11.99 11.55 13.33 9.96

STU:AE9 vs NEM, AU, RGLD: Cyclically Adjusted PS Ratio Comparison

For the Gold subindustry, Agnico Eagle Mines'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.


Agnico Eagle Mines Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


STU:AE9
95GF Score
Agnico Eagle Mines Ltd STU:AE9
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agnico Eagle Mines 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.

Agnico Eagle Mines's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=130.65/13.62
=9.59

* 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.

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

For example, Agnico Eagle Mines'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)
=6.564/134.0005*134.0005
=6.564

Current CPI (Jun. 2026) = 134.0005.

Agnico Eagle Mines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.391 101.765 3.148
201612 2.078 101.449 2.745
201703 2.232 102.634 2.914
201706 2.096 103.029 2.726
201709 2.081 103.345 2.698
201712 2.043 103.345 2.649
201803 2.000 105.004 2.552
201806 2.027 105.557 2.573
201809 1.889 105.636 2.396
201812 2.019 105.399 2.567
201903 1.994 106.979 2.498
201906 1.966 107.690 2.446
201909 2.583 107.611 3.216
201912 2.813 107.769 3.498
202003 2.531 107.927 3.142
202006 2.038 108.401 2.519
202009 3.414 108.164 4.229
202012 3.125 108.559 3.857
202103 3.267 110.298 3.969
202106 3.339 111.720 4.005
202109 3.414 112.905 4.052
202112 3.430 113.774 4.040
202203 3.122 117.646 3.556
202206 3.274 120.806 3.632
202209 3.209 120.648 3.564
202212 2.869 120.964 3.178
202303 2.997 122.702 3.273
202306 3.201 124.203 3.453
202309 3.100 125.230 3.317
202312 3.239 125.072 3.470
202403 3.375 126.258 3.582
202406 3.855 127.522 4.051
202409 3.868 127.285 4.072
202412 4.223 127.364 4.443
202503 4.532 129.181 4.701
202506 4.841 129.892 4.994
202509 5.177 130.287 5.325
202512 6.058 130.366 6.227
202603 7.068 132.262 7.161
202606 6.564 134.001 6.564

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 9.59 mean?
Agnico Eagle Mines (STU:AE9) has a Cyclically Adjusted PS Ratio of 9.59 as of Jul. 31, 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 Agnico Eagle Mines and its competitors. This is 66% above median its historical median of 5.78. Over the past decade, Agnico Eagle Mines' Cyclically Adjusted PS Ratio has ranged from 3.35 to 17.00. According to the industry distribution chart, Agnico Eagle Mines ranks #499 out of 574 companies in the Metals & Mining industry, placing it in the top 86.9%.
Is Agnico Eagle Mines' Cyclically Adjusted PS Ratio too high?
Agnico Eagle Mines' current Cyclically Adjusted PS Ratio of 9.59 is 66% above median its 10-year median of 5.78. Over the past 10 years, this metric has ranged from a low of 3.35 to a high of 17.00. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.11. Agnico Eagle Mines' value of 9.59 is 355.6% above this industry median. Based on the distribution chart, Agnico Eagle Mines ranks #499 out of 574 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Agnico Eagle Mines has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' Cyclically Adjusted PS Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Agnico Eagle Mines ranks #499 out of 574 companies for Cyclically Adjusted PS Ratio. This places Agnico Eagle Mines in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.11. Agnico Eagle Mines' value of 9.59 is 355.6% above this benchmark. Historically, Agnico Eagle Mines' own Cyclically Adjusted PS Ratio has ranged from 3.35 to 17.00 over the past decade. While the company's 10-year median is 5.78 vs. the industry median of 2.11, Agnico Eagle Mines 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 2.11, 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. Agnico Eagle Mines's current Cyclically Adjusted PS Ratio of 9.59 is 355.6% 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 Agnico Eagle Mines and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agnico Eagle Mines's current Cyclically Adjusted PS Ratio is 9.59, which is 66% above median its own 10-year median of 5.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Based on GuruFocus' analysis, Agnico Eagle Mines (STU:AE9) is currently considered Fairly Valued. The stock's GF Value™ is €143.34, compared to a current price of €130.65 — trading 8.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.59, which is 66% above median its 10-year median of 5.78 and 355.6% above the Metals & Mining industry median of 2.11. Agnico Eagle Mines' overall GF Score™ is 95/100 with 1 warning sign 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 Agnico Eagle Mines (STU:AE9), the current Cyclically Adjusted PS Ratio is 9.59 as of Jul. 31, 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 Agnico Eagle Mines (STU:AE9) Overvalued in 2026?

Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be undervalued. The current stock price of €130.65 is trading 8.9% below its estimated GF Value™ of €143.34. GuruFocus considers Agnico Eagle Mines to be Fairly Valued.

Key valuation signals for STU:AE9:

  • Cyclically Adjusted PS Ratio: 9.59 (66% above median its 10-year median of 5.78)
  • GF Value™: €143.34 vs. price of €130.65 (8.9% below fair value)
  • GF Score™: 95/100 with 1 warning sign
  • Industry Position: 355.6% above the Metals & Mining median (#499 of 574)

No single metric tells the full story. See the STU:AE9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Agnico Eagle Mines Business Description

Address 145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
95GF Score

Get the complete analysis for STU:AE9

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

€130.65
Price
€143.34
GF Value