McEwen (WBO:MUX) Cyclically Adjusted PS Ratio: (As of Aug. 06, 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.
Reviewed by: Charlie Tian Charlie Tian
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
59 GF Score
Price €17.42
GF Value €9.71
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

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 3.43 2.08 2.35 2.38 5.46

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 2.90 5.15 5.46 5.92 0.00

WBO:MUX vs GORO, LODE, 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
59GF 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)
=0.689/133.5265*133.5265
=0.689

Current CPI (Jun. 2026) = 133.5265.

McEwen Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.397 101.765 0.521
201612 0.351 101.449 0.462
201703 0.463 102.634 0.602
201706 0.436 103.029 0.565
201709 0.359 103.345 0.464
201712 0.611 103.345 0.789
201803 0.993 105.004 1.263
201806 0.858 105.557 1.085
201809 0.683 105.636 0.863
201812 0.688 105.399 0.872
201903 0.407 106.979 0.508
201906 0.928 107.690 1.151
201909 0.820 107.611 1.017
201912 0.769 107.769 0.953
202003 0.710 107.927 0.878
202006 0.406 108.401 0.500
202009 0.576 108.164 0.711
202012 0.557 108.559 0.685
202103 0.451 110.298 0.546
202106 0.736 111.720 0.880
202109 0.687 112.905 0.812
202112 0.674 113.774 0.791
202203 0.500 117.646 0.567
202206 0.611 120.806 0.675
202209 0.553 120.648 0.612
202212 0.550 120.964 0.607
202303 0.684 122.702 0.744
202306 0.669 124.203 0.719
202309 0.758 125.230 0.808
202312 1.125 125.072 1.201
202403 0.767 126.258 0.811
202406 0.887 127.522 0.929
202409 0.906 127.285 0.950
202412 0.605 127.364 0.634
202503 0.620 129.181 0.641
202506 0.749 129.892 0.770
202509 0.795 130.287 0.815
202512 0.994 130.366 1.018
202603 0.884 132.262 0.892
202606 0.689 133.527 0.689

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 €17.42 is trading 79.4% above its estimated GF Value™ of €9.71. GuruFocus considers McEwen to be Significantly Overvalued.

Key valuation signals for WBO:MUX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €9.71 vs. price of €17.42 (79.4% above fair value)
  • GF Score™: 59/100 with 3 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.
59GF 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.

€17.42
Price
€9.71
GF Value