McEwen (WBO:MUX) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

WBO:MUX McEwen Inc WBO:MUX
61 GF Score
Price €16.08
GF Value €9.04
Valuation Significantly Overvalued
! 4 Warning Signs
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What is McEwen Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


McEwen  (WBO:MUX) 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.


McEwen Cyclically Adjusted PS Ratio Related Terms


McEwen Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for McEwen'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.

McEwen Cyclically Adjusted PS Ratio Chart

McEwen 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 3.74 2.26 2.49 2.60 5.59

McEwen 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 2.72 4.93 5.50 5.68 5.19

WBO:MUX vs LODE, ACRG, THMG: Cyclically Adjusted PS Ratio Comparison

For the Other Precious Metals & Mining subindustry, McEwen'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.


McEwen Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


WBO:MUX
61GF Score
McEwen Inc WBO:MUX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

McEwen 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.

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

For example, McEwen'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)
=0.683/133.5265*133.5265
=0.683

Current CPI (Jun. 2026) = 133.5265.

McEwen Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.400 101.765 0.525
201612 0.344 101.449 0.453
201703 0.465 102.634 0.605
201706 0.445 103.029 0.577
201709 0.364 103.345 0.470
201712 0.659 103.345 0.851
201803 0.997 105.004 1.268
201806 0.851 105.557 1.076
201809 0.686 105.636 0.867
201812 0.685 105.399 0.868
201903 0.405 106.979 0.506
201906 0.933 107.690 1.157
201909 0.812 107.611 1.008
201912 0.772 107.769 0.957
202003 0.712 107.927 0.881
202006 0.415 108.401 0.511
202009 0.581 108.164 0.717
202012 0.568 108.559 0.699
202103 0.446 110.298 0.540
202106 0.736 111.720 0.880
202109 0.686 112.905 0.811
202112 0.672 113.774 0.789
202203 0.491 117.646 0.557
202206 0.606 120.806 0.670
202209 0.508 120.648 0.562
202212 0.584 120.964 0.645
202303 0.683 122.702 0.743
202306 0.666 124.203 0.716
202309 0.744 125.230 0.793
202312 1.104 125.072 1.179
202403 0.768 126.258 0.812
202406 0.887 127.522 0.929
202409 0.915 127.285 0.960
202412 0.592 127.364 0.621
202503 0.637 129.181 0.658
202506 0.763 129.892 0.784
202509 0.798 130.287 0.818
202512 0.833 130.366 0.853
202603 0.874 132.262 0.882
202606 0.683 133.527 0.683

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.

Is McEwen (WBO:MUX) Overvalued in 2026?

Based on GuruFocus' analysis, McEwen stock appears to be overvalued. The current stock price of €16.08 is trading 77.9% above its estimated GF Value™ of €9.04. GuruFocus considers McEwen to be Significantly Overvalued.

Key valuation signals for WBO:MUX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €9.04 vs. price of €16.08 (77.9% above fair value)
  • GF Score™: 61/100 with 4 warning signs

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


McEwen Business Description

Address 150 King Street West, Suite 2800, PO Box 24, Toronto, ON, CAN, M5H 1J9
McEwen Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. Its Other operations include: Fox Complex, Gold Bar Complex, Project Fenix, and Los Azules. The company generates its revenue from gold and silver production. Its operating segments include Canada, United States, Mexico, MSC and McEwen Copper, of which it derives maximum revenue from USA.
61GF Score

Get the complete analysis for WBO:MUX

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

€16.08
Price
€9.04
GF Value