Meridian Mining (TSX:MNO) Cyclically Adjusted PS Ratio: (As of Jul. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

TSX:MNO Meridian Mining PLC TSX:MNO
34 GF Score
Price C$1.49
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What is Meridian Mining Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Meridian Mining  (TSX:MNO) 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.


Meridian Mining Cyclically Adjusted PS Ratio Related Terms


Meridian Mining Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Meridian Mining'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.

Meridian Mining Cyclically Adjusted PS Ratio Chart

Meridian Mining 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 0.00 0.00 0.00 0.00 0.00

Meridian Mining 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 0.00 0.00 0.00 0.00 0.00

Meridian Mining Cyclically Adjusted PS Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Meridian Mining'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.


Meridian Mining Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


TSX:MNO
34GF Score
Meridian Mining PLC TSX:MNO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Meridian Mining 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.

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

For example, Meridian Mining'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)
=0/140.8000*140.8000
=0.000

Current CPI (Mar. 2026) = 140.8000.

Meridian Mining Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.011 101.000 0.015
201609 0.009 101.500 0.012
201612 0.035 102.200 0.048
201703 0.030 102.700 0.041
201706 0.008 103.500 0.011
201709 0.011 104.300 0.015
201712 0.036 105.000 0.048
201803 0.039 105.100 0.052
201806 0.005 105.900 0.007
201809 0.006 106.600 0.008
201812 0.033 107.100 0.043
201903 0.008 107.000 0.011
201906 0.009 107.900 0.012
201909 0.014 108.400 0.018
201912 0.020 108.500 0.026
202003 0.001 108.600 0.001
202006 0.001 108.800 0.001
202009 0.000 109.200 0.000
202012 0.000 109.400 0.000
202103 0.000 109.700 0.000
202106 0.000 111.400 0.000
202109 0.000 112.400 0.000
202112 0.000 114.700 0.000
202203 0.000 116.500 0.000
202206 0.000 120.500 0.000
202209 0.000 122.300 0.000
202212 0.000 125.300 0.000
202303 0.000 126.800 0.000
202306 0.000 129.400 0.000
202309 0.000 130.100 0.000
202312 0.000 130.500 0.000
202403 0.000 131.600 0.000
202406 0.000 133.000 0.000
202409 0.000 133.500 0.000
202412 0.000 135.100 0.000
202503 0.000 136.100 0.000
202506 0.000 138.400 0.000
202509 0.000 138.900 0.000
202512 0.000 139.900 0.000
202603 0.000 140.800 0.000

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.


Meridian Mining Business Description

Other Exchanges MRRDF:USAMNO:UKN2E0:Germany
Address 4 More London Riverside, 8th Floor, London, GBR, SE1 2AU
Meridian Mining PLC is engaged in the exploration and development of mineral deposits in Brazil. The Company is currently focused on resource development of the Cabacal Project, the regional scale exploration of the Cabacal VMS belt and the exploration in the Santa Helena and Espigao.
34GF Score

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