Almonty Industries (TSX:AII) Cyclically Adjusted PS Ratio: 61.64 (As of Jul. 15, 2026) — 3161% Above Median

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TSX:AII Almonty Industries Inc TSX:AII
61 GF Score
Price C$22.19
GF Value C$1.56
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Almonty Industries Cyclically Adjusted PS Ratio?

Almonty Industries TSX:AII +4.47% 61 Cyclically Adjusted PS Ratio is 61.64 as of Jul. 15, 2026, which is 3161% above its 10-year median of 1.89. GuruFocus rates TSX:AII with a GF Score™ of 61/100 and a GF Value™ of C$1.56 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 576 Metals & Mining companies, Almonty Industries ranks worse than 98.44% on this metric.

As of today (2026-07-15), Almonty Industries's current share price is C$22.19. Almonty Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$0.36. Almonty Industries's Cyclically Adjusted PS Ratio for today is 61.64.

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

TSX:AII' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.11   Med: 1.89   Max: 89.08
Current: 62.21

During the past years, Almonty Industries's highest Cyclically Adjusted PS Ratio was 89.08. The lowest was 1.11. And the median was 1.89.

TSX:AII's Cyclically Adjusted PS Ratio is ranked worse than
98.44% of 576 companies
in the Metals & Mining industry
Industry Median: 2.105 vs TSX:AII: 62.21

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.

Almonty Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was C$0.091. 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 C$0.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Almonty Industries  (TSX:AII) 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.


Almonty Industries Cyclically Adjusted PS Ratio Related Terms


Almonty Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Almonty Industries'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.

Almonty Industries Cyclically Adjusted PS Ratio Chart

Almonty Industries Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.89 1.55 1.35 2.88 33.44

Almonty Industries 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 7.52 16.23 21.84 33.44 56.75

Almonty Industries Cyclically Adjusted PS Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Almonty Industries'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.


Almonty Industries Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


TSX:AII
61GF Score
Almonty Industries Inc TSX:AII
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Almonty Industries 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.

Almonty Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.19/0.36
=61.64

* 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.

Almonty Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Almonty Industries'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)
=0.091/132.2623*132.2623
=0.091

Current CPI (Mar. 2026) = 132.2623.

Almonty Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.173 101.054 0.226
201606 0.122 102.002 0.158
201609 0.146 101.765 0.190
201612 0.095 101.449 0.124
201703 0.138 102.634 0.178
201706 0.147 103.029 0.189
201709 0.106 103.345 0.136
201712 0.092 103.345 0.118
201803 0.144 105.004 0.181
201806 0.183 105.557 0.229
201809 0.121 105.636 0.151
201812 0.135 105.399 0.169
201903 0.107 106.979 0.132
201906 0.100 107.690 0.123
201909 0.052 107.611 0.064
202003 0.052 107.927 0.064
202006 0.057 108.401 0.070
202009 0.042 108.164 0.051
202012 0.054 108.559 0.066
202103 0.031 110.298 0.037
202106 0.046 111.720 0.054
202109 0.039 112.905 0.046
202112 0.044 113.774 0.051
202203 0.045 117.646 0.051
202206 0.050 120.806 0.055
202209 0.034 120.648 0.037
202212 0.046 120.964 0.050
202303 0.049 122.702 0.053
202306 0.037 124.203 0.039
202309 0.029 125.230 0.031
202312 0.035 125.072 0.037
202403 0.048 126.258 0.050
202406 0.047 127.522 0.049
202409 0.039 127.285 0.041
202412 0.036 127.364 0.037
202503 0.029 129.181 0.030
202506 0.037 129.892 0.038
202509 0.034 130.287 0.035
202512 0.036 130.366 0.037
202603 0.091 132.262 0.091

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 61.64 mean?
Almonty Industries (TSX:AII) has a Cyclically Adjusted PS Ratio of 61.64 as of Jul. 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 Almonty Industries and its competitors. This is 3161% above median its historical median of 1.89. Over the past decade, Almonty Industries' Cyclically Adjusted PS Ratio has ranged from 1.11 to 89.08. According to the industry distribution chart, Almonty Industries ranks #567 out of 576 companies in the Metals & Mining industry, placing it in the top 98.4%.
Is Almonty Industries' Cyclically Adjusted PS Ratio too high?
Almonty Industries' current Cyclically Adjusted PS Ratio of 61.64 is 3161% above median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 89.08. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.11. Almonty Industries' value of 61.64 is 2828.3% above this industry median. Based on the distribution chart, Almonty Industries ranks #567 out of 576 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Almonty Industries has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Almonty Industries' Cyclically Adjusted PS Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Almonty Industries ranks #567 out of 576 companies for Cyclically Adjusted PS Ratio. This places Almonty Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.11. Almonty Industries' value of 61.64 is 2828.3% above this benchmark. Historically, Almonty Industries' own Cyclically Adjusted PS Ratio has ranged from 1.11 to 89.08 over the past decade. While the company's 10-year median is 1.89 vs. the industry median of 2.11, Almonty Industries 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 576 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. Almonty Industries's current Cyclically Adjusted PS Ratio of 61.64 is 2828.3% 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 Almonty Industries 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. Almonty Industries's current Cyclically Adjusted PS Ratio is 61.64, which is 3161% above median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Almonty Industries stock overvalued right now?
Based on GuruFocus' analysis, Almonty Industries (TSX:AII) is currently considered Significantly Overvalued. The stock's GF Value™ is C$1.56, compared to a current price of C$22.19 — trading 1322.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 61.64, which is 3161% above median its 10-year median of 1.89 and 2828.3% above the Metals & Mining industry median of 2.11. Almonty Industries' overall GF Score™ is 61/100 with 5 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 Almonty Industries (TSX:AII), the current Cyclically Adjusted PS Ratio is 61.64 as of Jul. 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 Almonty Industries (TSX:AII) Overvalued in 2026?

Based on GuruFocus' analysis, Almonty Industries stock appears to be overvalued. The current stock price of C$22.19 is trading 1322.4% above its estimated GF Value™ of C$1.56. GuruFocus considers Almonty Industries to be Significantly Overvalued.

Key valuation signals for TSX:AII:

  • Cyclically Adjusted PS Ratio: 61.64 (3161% above median its 10-year median of 1.89)
  • GF Value™: C$1.56 vs. price of C$22.19 (1322.4% above fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 2828.3% above the Metals & Mining median (#567 of 576)

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


Almonty Industries Business Description

Address 100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7
Almonty Industries Inc is engaged in the development of the Sangdong Mine in South Korea, and the Company is currently mining, processing, and shipping tungsten concentrate from the Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal (Panasqueira Mine). Additionally, the Company is evaluating its molybdenum project with inferred mineral resources on a separate property adjacent to the tungsten orebody at the Sangdong Mine, its Valtreixal tin and tungsten mine project located in Western Spain in the province of Zamora (Valtreixal Mine), and the newly-acquired Gentung Browns Lake tungsten project located in Montana, USA (Gentung-Browns Lake Project). The company has two geographical locations: the Iberian Peninsula (Spain and Portugal) and the Republic of Korea.
61GF Score

Get the complete analysis for TSX:AII

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

C$22.19
Price
C$1.56
GF Value