Newmont (BSP:N1EM34) Cyclically Adjusted Revenue per Share: R$94.60 (As of Jun. 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.

BSP:N1EM34 Newmont Corp BSP:N1EM34
78 GF Score
Price R$602.08
GF Value R$406.37
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Newmont Cyclically Adjusted Revenue per Share?

Newmont BSP:N1EM34 +0.13% 78 Cyclically Adjusted Revenue per Share is R$94.60 as of Jun. 2026. GuruFocus rates BSP:N1EM34 with a GF Score™ of 78/100 and a GF Value™ of R$406.37 (Significantly Overvalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Newmont's adjusted revenue per share for the three months ended in Jun. 2026 was R$29.381. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$94.60 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Newmont's average Cyclically Adjusted Revenue Growth Rate was 8.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Newmont was 9.40% per year. The lowest was -1.30% per year. And the median was 1.70% per year.

As of today (2026-08-12), Newmont's current stock price is R$602.08. Newmont's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$94.60. Newmont's Cyclically Adjusted PS Ratio of today is 6.36.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Newmont was 7.48. The lowest was 1.73. And the median was 2.58.


Newmont  (BSP:N1EM34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Newmont's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=602.08/94.60
=6.36

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Newmont was 7.48. The lowest was 1.73. And the median was 2.58.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Newmont Cyclically Adjusted Revenue per Share Related Terms


Newmont Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Newmont's Cyclically Adjusted Revenue per Share 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.

Newmont Cyclically Adjusted Revenue per Share Chart

Newmont Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.92 89.25 81.10 101.51 98.28

Newmont Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share 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 91.45 90.60 98.28 95.67 94.60

BSP:N1EM34 vs AU, RGLD, CDE: Cyclically Adjusted Revenue per Share Comparison

For the Gold subindustry, Newmont'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.


Newmont Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


BSP:N1EM34
78GF Score
Newmont Corp BSP:N1EM34
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Newmont Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Newmont'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)
=29.381/333.9520*333.9520
=29.381

Current CPI (Jun. 2026) = 333.9520.

Newmont Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 10.931 241.428 15.120
201612 11.083 241.432 15.330
201703 9.916 243.801 13.583
201706 11.549 244.955 15.745
201709 10.981 246.819 14.858
201712 11.851 246.524 16.054
201803 11.136 249.554 14.902
201806 11.715 251.989 15.525
201809 13.255 252.439 17.535
201812 14.866 251.233 19.761
201903 12.968 254.202 17.036
201906 11.331 256.143 14.773
201909 13.596 256.759 17.684
201912 14.833 256.974 19.276
202003 15.589 258.115 20.169
202006 15.243 257.797 19.746
202009 21.238 260.280 27.249
202012 21.581 260.474 27.669
202103 20.180 264.877 25.443
202106 19.193 271.696 23.591
202109 19.103 274.310 23.256
202112 24.023 278.802 28.775
202203 18.947 287.504 22.008
202206 19.416 296.311 21.882
202209 17.373 296.808 19.547
202212 21.061 296.797 23.698
202303 17.552 301.836 19.420
202306 16.380 305.109 17.928
202309 15.468 307.789 16.783
202312 19.804 306.746 21.560
202403 17.375 312.332 18.578
202406 20.528 314.175 21.820
202409 22.195 315.301 23.508
202412 30.355 315.605 32.120
202503 25.597 319.799 26.730
202506 26.517 322.561 27.453
202509 26.932 324.800 27.691
202512 34.032 324.054 35.071
202603 35.154 330.213 35.552
202606 29.381 333.952 29.381

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of R$94.60 mean?
Newmont (BSP:N1EM34) has a Cyclically Adjusted Revenue per Share of R$94.60 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Newmont and its competitors.
Is Newmont's Cyclically Adjusted Revenue per Share too high?
Newmont's current Cyclically Adjusted Revenue per Share is R$94.60. Overall, Newmont has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Newmont's Cyclically Adjusted Revenue per Share compare to AU and RGLD?
Newmont's Cyclically Adjusted Revenue per Share of R$94.60 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Metals & Mining company?
A good Cyclically Adjusted Revenue per Share depends on the Metals & Mining industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Newmont and its competitors. Newmont's current Cyclically Adjusted Revenue per Share is R$94.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newmont stock overvalued right now?
Based on GuruFocus' analysis, Newmont (BSP:N1EM34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$406.37, compared to a current price of R$602.08 — trading 48.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$94.60. Newmont's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Newmont (BSP:N1EM34), the current Cyclically Adjusted Revenue per Share is R$94.60 as of Jun. 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 Newmont (BSP:N1EM34) Overvalued in 2026?

Based on GuruFocus' analysis, Newmont stock appears to be overvalued. The current stock price of R$602.08 is trading 48.2% above its estimated GF Value™ of R$406.37. GuruFocus considers Newmont to be Significantly Overvalued.

Key valuation signals for BSP:N1EM34:

  • Cyclically Adjusted Revenue per Share: R$94.60
  • GF Value™: R$406.37 vs. price of R$602.08 (48.2% above fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the BSP:N1EM34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Newmont Business Description

Address 6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 11 mines and interests in two joint ventures in the Americas, Africa, Australia, and Papua New Guinea. The company is expected to sell roughly 5.3 million ounces of gold in 2026 from its continuing mines after selling six higher-cost, smaller mines following the Newcrest acquisition. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves, along with significant byproduct reserves at the end of December 2025.
78GF Score

Get the complete analysis for BSP:N1EM34

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

R$602.08
Price
R$406.37
GF Value