Mineros (TSX:MSA) Cyclically Adjusted PS Ratio: 2.38 (As of Jul. 15, 2026) — Near Median

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TSX:MSA Mineros SA TSX:MSA
82 GF Score
Price C$6.29
GF Value C$2.62
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Mineros Cyclically Adjusted PS Ratio?

Mineros TSX:MSA +0.80% 82 Cyclically Adjusted PS Ratio is 2.38 as of Jul. 15, 2026, which is 9% above its 10-year median of 2.19. GuruFocus rates TSX:MSA with a GF Score™ of 82/100 and a GF Value™ of C$2.62 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 576 Metals & Mining companies, Mineros ranks worse than 51.74% on this metric.

As of today (2026-07-15), Mineros's current share price is C$6.29. Mineros's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$2.64. Mineros's Cyclically Adjusted PS Ratio for today is 2.38.

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

TSX:MSA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.71   Med: 2.19   Max: 2.94
Current: 2.21

During the past years, Mineros's highest Cyclically Adjusted PS Ratio was 2.94. The lowest was 1.71. And the median was 2.19.

TSX:MSA's Cyclically Adjusted PS Ratio is ranked worse than
51.74% of 576 companies
in the Metals & Mining industry
Industry Median: 2.105 vs TSX:MSA: 2.21

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.

Mineros's adjusted revenue per share data for the three months ended in Mar. 2026 was C$1.340. 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$2.64 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mineros  (TSX:MSA) 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.


Mineros Cyclically Adjusted PS Ratio Related Terms


Mineros Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mineros'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.

Mineros Cyclically Adjusted PS Ratio Chart

Mineros 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 2.22

Mineros 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 1.49 2.22 1.82

TSX:MSA vs NEM, AU, RGLD: Cyclically Adjusted PS Ratio Comparison

For the Gold subindustry, Mineros'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.


Mineros Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


TSX:MSA
82GF Score
Mineros SA TSX:MSA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mineros 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.

Mineros's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.29/2.64
=2.38

* 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.

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

For example, Mineros'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)
=1.34/330.2130*330.2130
=1.340

Current CPI (Mar. 2026) = 330.2130.

Mineros Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201112 0.000 225.672 0.000
201212 0.000 229.601 0.000
201312 0.000 233.049 0.000
201412 0.389 234.812 0.547
201503 0.163 236.119 0.228
201506 0.332 238.638 0.459
201509 0.167 237.945 0.232
201512 0.257 236.525 0.359
201603 0.314 238.132 0.435
201612 0.000 241.432 0.000
201706 0.359 244.955 0.484
201712 0.000 246.524 0.000
201806 0.349 251.989 0.457
201812 0.000 251.233 0.000
201906 0.467 256.143 0.602
201912 0.000 256.974 0.000
202006 0.662 257.797 0.848
202009 0.623 260.280 0.790
202012 0.578 260.474 0.733
202103 0.602 264.877 0.750
202106 0.600 271.696 0.729
202109 0.582 274.310 0.701
202112 0.570 278.802 0.675
202203 0.526 287.504 0.604
202206 0.586 296.311 0.653
202209 0.444 296.808 0.494
202212 0.476 296.797 0.530
202303 0.451 301.836 0.493
202306 0.517 305.109 0.560
202309 0.458 307.789 0.491
202312 0.584 306.746 0.629
202403 0.515 312.332 0.544
202406 0.610 314.175 0.641
202409 0.637 315.301 0.667
202412 0.714 315.605 0.747
202503 0.772 319.799 0.797
202506 0.832 322.561 0.852
202509 0.908 324.800 0.923
202512 1.204 324.054 1.227
202603 1.340 330.213 1.340

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 2.38 mean?
Mineros (TSX:MSA) has a Cyclically Adjusted PS Ratio of 2.38 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 Mineros and its competitors. This is near median its historical median of 2.19. Over the past decade, Mineros' Cyclically Adjusted PS Ratio has ranged from 1.71 to 2.94. According to the industry distribution chart, Mineros ranks #298 out of 576 companies in the Metals & Mining industry, placing it in the top 51.7%.
Is Mineros' Cyclically Adjusted PS Ratio too high?
Mineros' current Cyclically Adjusted PS Ratio of 2.38 is near median its 10-year median of 2.19. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 2.94. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.11. Mineros' value of 2.38 is 13.1% above this industry median. Based on the distribution chart, Mineros ranks #298 out of 576 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Mineros has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mineros' Cyclically Adjusted PS Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Mineros ranks #298 out of 576 companies for Cyclically Adjusted PS Ratio. This places Mineros in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.11. Mineros' value of 2.38 is 13.1% above this benchmark. Historically, Mineros' own Cyclically Adjusted PS Ratio has ranged from 1.71 to 2.94 over the past decade. While the company's 10-year median is 2.19 vs. the industry median of 2.11, Mineros 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. Mineros's current Cyclically Adjusted PS Ratio of 2.38 is 13.1% 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 Mineros 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. Mineros's current Cyclically Adjusted PS Ratio is 2.38, which is near median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mineros stock overvalued right now?
Based on GuruFocus' analysis, Mineros (TSX:MSA) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.62, compared to a current price of C$6.29 — trading 140.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.38, which is near median its 10-year median of 2.19 and 13.1% above the Metals & Mining industry median of 2.11. Mineros' overall GF Score™ is 82/100 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 Mineros (TSX:MSA), the current Cyclically Adjusted PS Ratio is 2.38 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 Mineros (TSX:MSA) Overvalued in 2026?

Based on GuruFocus' analysis, Mineros stock appears to be overvalued. The current stock price of C$6.29 is trading 140.1% above its estimated GF Value™ of C$2.62. GuruFocus considers Mineros to be Significantly Overvalued.

Key valuation signals for TSX:MSA:

  • Cyclically Adjusted PS Ratio: 2.38 (near median its 10-year median of 2.19)
  • GF Value™: C$2.62 vs. price of C$6.29 (140.1% above fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 13.1% above the Metals & Mining median (#298 of 576)

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


Mineros Business Description

Other Exchanges MNSAF:USAMINEROS:Colombia
Address Carrera 43 A No 14-109, Nova Tempo Building, 6th floor, Medellin, COL
Mineros SA is a precious metals producer with gold production, development, and exploration stage properties in Latin and South America, including Colombia and Nicaragua. Its principal producing mining properties are the Nechi Alluvial mine in Colombia and the Pioneer and Panama mines in Nicaragua. The Group operates in two principal countries, Colombia (Nechi Alluvial) and Nicaragua (HEMCO Nicaragua). The Group also has gold exploration projects, including the La Pepa project in Chile, included in the Segment Chile (La Pepa). Key revenue is generated from Nicaragua (HEMCO Nicaragua).
82GF Score

Get the complete analysis for TSX:MSA

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

C$6.29
Price
C$2.62
GF Value