Patagonia Gold (FRA:0N9) Cyclically Adjusted Revenue per Share: €0.31 (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.

FRA:0N9 Patagonia Gold Corp FRA:0N9
16 GF Score
Price €0.32
GF Value €0.04
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Patagonia Gold Cyclically Adjusted Revenue per Share?

Patagonia Gold FRA:0N9 +5.19% 16 Cyclically Adjusted Revenue per Share is €0.31 as of Jun. 2026. GuruFocus rates FRA:0N9 with a GF Score™ of 16/100 and a GF Value™ of €0.04 (Significantly Overvalued). The stock has 7 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.

Patagonia Gold's adjusted revenue per share for the three months ended in Jun. 2026 was €0.008. 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 €0.31 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Patagonia Gold's average Cyclically Adjusted Revenue Growth Rate was -7.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -12.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -13.90% 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 Patagonia Gold was -12.00% per year. The lowest was -22.00% per year. And the median was -14.65% per year.

As of today (2026-09-11), Patagonia Gold's current stock price is €0.324. Patagonia Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €0.31. Patagonia Gold's Cyclically Adjusted PS Ratio of today is 1.05.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Patagonia Gold was 2.39. The lowest was 0.01. And the median was 0.05.


Patagonia Gold  (FRA:0N9) 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.

Patagonia Gold's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.324/0.31
=1.05

* 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 Patagonia Gold was 2.39. The lowest was 0.01. And the median was 0.05.


Be Aware

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


Patagonia Gold Cyclically Adjusted Revenue per Share Related Terms


Patagonia Gold Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Patagonia Gold'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.

Patagonia Gold Cyclically Adjusted Revenue per Share Chart

Patagonia Gold 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 0.00 0.00 0.00 0.00 0.42

Patagonia Gold 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 0.00 0.00 0.42 0.25 0.31

FRA:0N9 vs HL: Cyclically Adjusted Revenue per Share Comparison

For the Other Precious Metals & Mining subindustry, Patagonia Gold'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.


Patagonia Gold Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


FRA:0N9
16GF Score
Patagonia Gold Corp FRA:0N9
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Patagonia Gold 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, Patagonia Gold'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)
=0.008/133.5265*133.5265
=0.008

Current CPI (Jun. 2026) = 133.5265.

Patagonia Gold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.000 100.500 0.000
201512 0.000 99.947 0.000
201606 0.000 102.002 0.000
201612 0.000 101.449 0.000
201706 0.000 103.029 0.000
201712 0.000 103.345 0.000
201803 0.553 105.004 0.703
201806 0.442 105.557 0.559
201809 0.344 105.636 0.435
201812 0.359 105.399 0.455
201903 0.182 106.979 0.227
201906 0.015 107.690 0.019
201909 0.019 107.611 0.024
201912 0.014 107.769 0.017
202003 0.015 107.927 0.019
202006 0.013 108.401 0.016
202009 0.017 108.164 0.021
202012 0.008 108.559 0.010
202103 0.012 110.298 0.015
202106 0.005 111.720 0.006
202109 0.010 112.905 0.012
202112 0.007 113.774 0.008
202203 0.008 117.646 0.009
202206 0.008 120.806 0.009
202209 0.005 120.648 0.006
202212 0.004 120.964 0.004
202303 0.006 122.702 0.007
202306 0.001 124.203 0.001
202309 0.007 125.230 0.007
202312 0.003 125.072 0.003
202403 0.004 126.258 0.004
202406 0.005 127.522 0.005
202409 0.005 127.285 0.005
202412 0.004 127.364 0.004
202503 0.002 129.181 0.002
202506 0.006 129.892 0.006
202509 0.006 130.287 0.006
202512 0.003 130.366 0.003
202603 0.004 132.262 0.004
202606 0.008 133.527 0.008

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 €0.31 mean?
Patagonia Gold (FRA:0N9) has a Cyclically Adjusted Revenue per Share of €0.31 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 Patagonia Gold and its competitors.
Is Patagonia Gold's Cyclically Adjusted Revenue per Share too high?
Patagonia Gold's current Cyclically Adjusted Revenue per Share is €0.31. Overall, Patagonia Gold has a GF Score™ of 16/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patagonia Gold's Cyclically Adjusted Revenue per Share compare to HL?
Patagonia Gold's Cyclically Adjusted Revenue per Share of €0.31 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 Patagonia Gold and its competitors. Patagonia Gold's current Cyclically Adjusted Revenue per Share is €0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patagonia Gold stock overvalued right now?
Based on GuruFocus' analysis, Patagonia Gold (FRA:0N9) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.04, compared to a current price of €0.32 — trading 710% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €0.31. Patagonia Gold's overall GF Score™ is 16/100 with 7 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 Patagonia Gold (FRA:0N9), the current Cyclically Adjusted Revenue per Share is €0.31 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 Patagonia Gold (FRA:0N9) Overvalued in 2026?

Based on GuruFocus' analysis, Patagonia Gold stock appears to be overvalued. The current stock price of €0.32 is trading 710% above its estimated GF Value™ of €0.04. GuruFocus considers Patagonia Gold to be Significantly Overvalued.

Key valuation signals for FRA:0N9:

  • Cyclically Adjusted Revenue per Share: €0.31
  • GF Value™: €0.04 vs. price of €0.32 (710% above fair value)
  • GF Score™: 16/100 with 7 warning signs

No single metric tells the full story. See the FRA:0N9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Patagonia Gold Business Description

Other Exchanges HGLD:USAPGDC:Canada
Address 885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8
Patagonia Gold Corp is a Canada-based mineral exploration company. The firm is engaged in the exploration, development, and production of gold and silver projects in the southern Patagonia region of Argentina and Chile. It also holds interests in mineral exploration companies, which are involved in the identification, acquisition, development, and exploitation of mineral projects. Some of its projects include the Calcatreu, Cap-Oeste, El Tranquilo, La Josefina, La Manchuria and others.
16GF Score

Get the complete analysis for FRA:0N9

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

€0.32
Price
€0.04
GF Value