enCore Energy (TSXV:EU) Cyclically Adjusted PS Ratio: 3.88 (As of Jul. 21, 2026) — 58% Below Median

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TSXV:EU enCore Energy Corp TSXV:EU
34 GF Score
Price C$1.67
GF Value C$4.74
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is enCore Energy Cyclically Adjusted PS Ratio?

enCore Energy TSXV:EU +3.73% 34 Cyclically Adjusted PS Ratio is 3.88 as of Jul. 21, 2026, which is 58% below its 10-year median of 9.29. GuruFocus rates TSXV:EU with a GF Score™ of 34/100 and a GF Value™ of C$4.74 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 112 Other Energy Sources companies, enCore Energy ranks worse than 81.25% on this metric.

As of today (2026-07-21), enCore Energy's current share price is C$1.67. enCore Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$0.43. enCore Energy's Cyclically Adjusted PS Ratio for today is 3.88.

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

TSXV:EU' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.46   Med: 9.29   Max: 18.05
Current: 3.71

During the past years, enCore Energy's highest Cyclically Adjusted PS Ratio was 18.05. The lowest was 3.46. And the median was 9.29.

TSXV:EU's Cyclically Adjusted PS Ratio is ranked worse than
81.25% of 112 companies
in the Other Energy Sources industry
Industry Median: 1.03 vs TSXV:EU: 3.71

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.

enCore Energy's adjusted revenue per share data for the three months ended in Mar. 2026 was C$0.131. 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$0.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


enCore Energy  (TSXV:EU) 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.


enCore Energy Cyclically Adjusted PS Ratio Related Terms


enCore Energy Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for enCore Energy'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.

enCore Energy Cyclically Adjusted PS Ratio Chart

enCore Energy 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 15.09 10.86 10.45 7.85

enCore Energy 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 4.24 8.83 10.60 7.85 5.81

TSXV:EU vs UEC, LEU: Cyclically Adjusted PS Ratio Comparison

For the Uranium subindustry, enCore Energy'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.


enCore Energy Cyclically Adjusted PS Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, enCore Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSXV:EU
34GF Score
enCore Energy Corp TSXV:EU
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

enCore Energy 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.

enCore Energy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.67/0.43
=3.88

* 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.

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

For example, enCore Energy'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)
=0.131/330.2130*330.2130
=0.131

Current CPI (Mar. 2026) = 330.2130.

enCore Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 0.000 246.524 0.000
201803 0.000 249.554 0.000
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 0.000 251.233 0.000
201903 0.000 254.202 0.000
201906 0.000 256.143 0.000
201909 0.000 256.759 0.000
201912 0.000 256.974 0.000
202003 0.000 258.115 0.000
202006 0.000 257.797 0.000
202009 0.000 260.280 0.000
202012 0.000 260.474 0.000
202103 0.000 264.877 0.000
202106 0.000 271.696 0.000
202109 0.000 274.310 0.000
202112 0.000 278.802 0.000
202203 0.000 287.504 0.000
202206 0.000 296.311 0.000
202209 0.000 296.808 0.000
202212 0.053 296.797 0.059
202303 0.000 301.836 0.000
202306 0.000 305.109 0.000
202309 0.000 307.789 0.000
202312 0.185 306.746 0.199
202403 0.237 312.332 0.251
202406 0.040 314.175 0.042
202409 0.068 315.301 0.071
202412 0.102 315.605 0.107
202503 0.141 319.799 0.146
202506 0.027 322.561 0.028
202509 0.066 324.800 0.067
202512 0.091 324.054 0.093
202603 0.131 330.213 0.131

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 3.88 mean?
enCore Energy (TSXV:EU) has a Cyclically Adjusted PS Ratio of 3.88 as of Jul. 21, 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 enCore Energy and its competitors. This is 58% below median its historical median of 9.29. Over the past decade, enCore Energy's Cyclically Adjusted PS Ratio has ranged from 3.46 to 18.05. According to the industry distribution chart, enCore Energy ranks #91 out of 112 companies in the Other Energy Sources industry, placing it in the top 81.2%.
Is enCore Energy's Cyclically Adjusted PS Ratio too high?
enCore Energy's current Cyclically Adjusted PS Ratio of 3.88 is 58% below median its 10-year median of 9.29. Over the past 10 years, this metric has ranged from a low of 3.46 to a high of 18.05. The Other Energy Sources industry median Cyclically Adjusted PS Ratio is 1.03. enCore Energy's value of 3.88 is 276.7% above this industry median. Based on the distribution chart, enCore Energy ranks #91 out of 112 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, enCore Energy has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does enCore Energy's Cyclically Adjusted PS Ratio compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, enCore Energy ranks #91 out of 112 companies for Cyclically Adjusted PS Ratio. This places enCore Energy in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.03. enCore Energy's value of 3.88 is 276.7% above this benchmark. Historically, enCore Energy's own Cyclically Adjusted PS Ratio has ranged from 3.46 to 18.05 over the past decade. While the company's 10-year median is 9.29 vs. the industry median of 1.03, enCore Energy 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 an Other Energy Sources company?
The median Cyclically Adjusted PS Ratio among Other Energy Sources companies is 1.03, based on 112 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. enCore Energy's current Cyclically Adjusted PS Ratio of 3.88 is 276.7% 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 enCore Energy and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PS Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. enCore Energy's current Cyclically Adjusted PS Ratio is 3.88, which is 58% below median its own 10-year median of 9.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is enCore Energy stock overvalued right now?
Based on GuruFocus' analysis, enCore Energy (TSXV:EU) is currently considered Possible Value Trap. The stock's GF Value™ is C$4.74, compared to a current price of C$1.67 — trading 64.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.88, which is 58% below median its 10-year median of 9.29 and 276.7% above the Other Energy Sources industry median of 1.03. enCore Energy's overall GF Score™ is 34/100 with 4 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 enCore Energy (TSXV:EU), the current Cyclically Adjusted PS Ratio is 3.88 as of Jul. 21, 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 enCore Energy (TSXV:EU) Overvalued in 2026?

Based on GuruFocus' analysis, enCore Energy stock appears to be undervalued. The current stock price of C$1.67 is trading 64.8% below its estimated GF Value™ of C$4.74. GuruFocus considers enCore Energy to be Possible Value Trap.

Key valuation signals for TSXV:EU:

  • Cyclically Adjusted PS Ratio: 3.88 (58% below median its 10-year median of 9.29)
  • GF Value™: C$4.74 vs. price of C$1.67 (64.8% below fair value)
  • GF Score™: 34/100 with 4 warning signs
  • Industry Position: 276.7% above the Other Energy Sources median (#91 of 112)

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


enCore Energy Business Description

Other Exchanges EU:USA6TU:Germany
Address 13355 Noel Road, Suite 1700, One Galleria Tower, Dallas, TX, USA, 75240
enCore Energy Corp together with its subsidiary, is principally engaged in the acquisition, exploration, development and extraction of uranium resource properties in the United States. The Company is focused on the extraction of domestic uranium in the United States. The Company utilizes the In-Situ Recovery technology (ISR) to provide necessary fuel for the generation of clean, reliable, and carbon-free nuclear energy.
34GF Score

Get the complete analysis for TSXV:EU

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

C$1.67
Price
C$4.74
GF Value