Agnico Eagle Mines (XSWX:AEM) Cyclically Adjusted PS Ratio: (As of Aug. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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XSWX:AEM Agnico Eagle Mines Ltd XSWX:AEM
72 GF Score
Price CHF168.30
GF Value CHF139.48
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Agnico Eagle Mines Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Agnico Eagle Mines  (XSWX:AEM) 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.


Agnico Eagle Mines Cyclically Adjusted PS Ratio Related Terms


Agnico Eagle Mines Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Agnico Eagle Mines'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.

Agnico Eagle Mines Cyclically Adjusted PS Ratio Chart

Agnico Eagle Mines 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 4.65 4.49 4.33 6.26 11.55

Agnico Eagle Mines 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 8.51 11.99 11.55 13.33 10.00

XSWX:AEM vs NEM, AU, RGLD: Cyclically Adjusted PS Ratio Comparison

For the Gold subindustry, Agnico Eagle Mines'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.


Agnico Eagle Mines Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


XSWX:AEM
72GF Score
Agnico Eagle Mines Ltd XSWX:AEM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agnico Eagle Mines 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.

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

For example, Agnico Eagle Mines'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)
=6.044/133.5265*133.5265
=6.044

Current CPI (Jun. 2026) = 133.5265.

Agnico Eagle Mines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.611 101.765 3.426
201612 2.234 101.449 2.940
201703 2.391 102.634 3.111
201706 2.280 103.029 2.955
201709 2.388 103.345 3.085
201712 2.386 103.345 3.083
201803 2.338 105.004 2.973
201806 2.344 105.557 2.965
201809 2.134 105.636 2.697
201812 2.279 105.399 2.887
201903 2.254 106.979 2.813
201906 2.195 107.690 2.722
201909 2.818 107.611 3.497
201912 3.072 107.769 3.806
202003 2.683 107.927 3.319
202006 2.183 108.401 2.689
202009 3.679 108.164 4.542
202012 3.377 108.559 4.154
202103 3.616 110.298 4.378
202106 3.652 111.720 4.365
202109 3.706 112.905 4.383
202112 3.569 113.774 4.189
202203 3.195 117.646 3.626
202206 3.358 120.806 3.712
202209 3.092 120.648 3.422
202212 2.832 120.964 3.126
202303 2.970 122.702 3.232
202306 3.122 124.203 3.356
202309 2.976 125.230 3.173
202312 3.055 125.072 3.261
202403 3.260 126.258 3.448
202406 3.709 127.522 3.884
202409 3.637 127.285 3.815
202412 3.943 127.364 4.134
202503 4.329 129.181 4.475
202506 4.541 129.892 4.668
202509 4.837 130.287 4.957
202512 5.653 130.366 5.790
202603 6.433 132.262 6.494
202606 6.044 133.527 6.044

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 Agnico Eagle Mines (XSWX:AEM) Overvalued in 2026?

Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be overvalued. The current stock price of CHF168.30 is trading 20.7% above its estimated GF Value™ of CHF139.48. GuruFocus considers Agnico Eagle Mines to be Modestly Overvalued.

Key valuation signals for XSWX:AEM:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: CHF139.48 vs. price of CHF168.30 (20.7% above fair value)
  • GF Score™: 72/100 with 2 warning signs

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


Agnico Eagle Mines Business Description

Address 145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
72GF Score

Get the complete analysis for XSWX:AEM

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

CHF168.30
Price
CHF139.48
GF Value