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Freeport-McMoRan (XKAZ:FCX_KZ) Cyclically Adjusted PS Ratio : (As of Jul. 25, 2025)


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What is Freeport-McMoRan Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Freeport-McMoRan Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Freeport-McMoRan'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.

* Premium members only.

Freeport-McMoRan Cyclically Adjusted PS Ratio Chart

Freeport-McMoRan Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.59 2.55 2.30 2.67 2.43

Freeport-McMoRan Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 3.05 3.17 2.43 2.41 -

Competitive Comparison of Freeport-McMoRan's Cyclically Adjusted PS Ratio

For the Copper subindustry, Freeport-McMoRan'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.


Freeport-McMoRan's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

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

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


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Freeport-McMoRan 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.

Freeport-McMoRan's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2025 is calculated as:

For example, Freeport-McMoRan's adjusted Revenue per Share data for the three months ended in Jun. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=5.254/135.3468*135.3468
=5.254

Current CPI (Jun. 2025) = 135.3468.

Freeport-McMoRan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201509 3.158 100.392 4.258
201512 2.985 99.792 4.049
201603 2.592 100.470 3.492
201606 2.627 101.688 3.497
201609 2.870 101.861 3.813
201612 3.115 101.863 4.139
201703 2.298 102.862 3.024
201706 2.554 103.349 3.345
201709 2.964 104.136 3.852
201712 3.460 104.011 4.502
201803 3.339 105.290 4.292
201806 3.545 106.317 4.513
201809 3.366 106.507 4.277
201812 2.527 105.998 3.227
201903 2.603 107.251 3.285
201906 2.444 108.070 3.061
201909 2.171 108.329 2.712
201912 2.695 108.420 3.364
202003 1.927 108.902 2.395
202006 2.095 108.767 2.607
202009 2.636 109.815 3.249
202012 3.027 109.897 3.728
202103 3.284 111.754 3.977
202106 3.876 114.631 4.576
202109 4.099 115.734 4.794
202112 4.151 117.630 4.776
202203 4.495 121.301 5.015
202206 3.717 125.017 4.024
202209 3.477 125.227 3.758
202212 4.001 125.222 4.325
202303 3.735 127.348 3.970
202306 3.979 128.729 4.184
202309 4.036 129.860 4.207
202312 4.092 129.419 4.279
202403 4.377 131.776 4.496
202406 4.584 132.554 4.681
202409 4.702 133.029 4.784
202412 3.958 133.157 4.023
202503 3.967 134.927 3.979
202506 5.254 135.347 5.254

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.


Freeport-McMoRan  (XKAZ:FCX_KZ) 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.


Freeport-McMoRan Cyclically Adjusted PS Ratio Related Terms

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Freeport-McMoRan Business Description

Address
333 North Central Avenue, Phoenix, AZ, USA, 85004-2189
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

Freeport-McMoRan Headlines

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