Kinross Gold (FRA:KIN2) Cyclically Adjusted Revenue per Share: €3.25 (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:KIN2 Kinross Gold Corp FRA:KIN2
91 GF Score
Price €23.53
GF Value €17.34
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Kinross Gold Cyclically Adjusted Revenue per Share?

Kinross Gold FRA:KIN2 +4.90% 91 Cyclically Adjusted Revenue per Share is €3.25 as of Jun. 2026. GuruFocus rates FRA:KIN2 with a GF Score™ of 91/100 and a GF Value™ of €17.34 (Significantly Overvalued). The stock has 1 warning sign 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.

Kinross Gold's adjusted revenue per share for the three months ended in Jun. 2026 was €1.627. 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 €3.25 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Kinross Gold's average Cyclically Adjusted Revenue Growth Rate was 13.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 2.70% 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 Kinross Gold was 16.90% per year. The lowest was -12.00% per year. And the median was 1.20% per year.

As of today (2026-08-08), Kinross Gold's current stock price is €23.53. Kinross Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €3.25. Kinross Gold's Cyclically Adjusted PS Ratio of today is 7.24.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Kinross Gold was 10.46. The lowest was 0.88. And the median was 1.72.


Kinross Gold  (FRA:KIN2) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=23.53/3.25
=7.24

* 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 Kinross Gold was 10.46. The lowest was 0.88. And the median was 1.72.


Be Aware

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


Kinross Gold Cyclically Adjusted Revenue per Share Related Terms


Kinross Gold Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Kinross 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.

Kinross Gold Cyclically Adjusted Revenue per Share Chart

Kinross 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 2.62 2.83 2.85 2.94 3.08

Kinross 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 2.86 2.88 3.08 3.15 3.25

FRA:KIN2 vs NEM, AU, RGLD: Cyclically Adjusted Revenue per Share Comparison

For the Gold subindustry, Kinross 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.


Kinross Gold Cyclically Adjusted PS Ratio vs Metals & Mining Industry

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

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


FRA:KIN2
91GF Score
Kinross Gold Corp FRA:KIN2
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kinross 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, Kinross 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)
=1.627/133.5265*133.5265
=1.627

Current CPI (Jun. 2026) = 133.5265.

Kinross Gold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.645 101.765 0.846
201612 0.687 101.449 0.904
201703 0.593 102.634 0.771
201706 0.615 103.029 0.797
201709 0.553 103.345 0.715
201712 0.544 103.345 0.703
201803 0.578 105.004 0.735
201806 0.527 105.557 0.667
201809 0.517 105.636 0.654
201812 0.553 105.399 0.701
201903 0.553 106.979 0.690
201906 0.588 107.690 0.729
201909 0.630 107.611 0.782
201912 0.709 107.769 0.878
202003 0.629 107.927 0.778
202006 0.705 108.401 0.868
202009 0.757 108.164 0.935
202012 0.774 108.559 0.952
202103 0.509 110.298 0.616
202106 0.463 111.720 0.553
202109 0.393 112.905 0.465
202112 0.434 113.774 0.509
202203 0.503 117.646 0.571
202206 0.598 120.806 0.661
202209 0.659 120.648 0.729
202212 0.801 120.964 0.884
202303 0.709 122.702 0.772
202306 0.814 124.203 0.875
202309 0.834 125.230 0.889
202312 0.828 125.072 0.884
202403 0.803 126.258 0.849
202406 0.918 127.522 0.961
202409 1.045 127.285 1.096
202412 1.094 127.364 1.147
202503 1.122 129.181 1.160
202506 1.218 129.892 1.252
202509 1.258 130.287 1.289
202512 1.425 130.366 1.460
202603 1.730 132.262 1.747
202606 1.627 133.527 1.627

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 €3.25 mean?
Kinross Gold (FRA:KIN2) has a Cyclically Adjusted Revenue per Share of €3.25 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 Kinross Gold and its competitors.
Is Kinross Gold's Cyclically Adjusted Revenue per Share too high?
Kinross Gold's current Cyclically Adjusted Revenue per Share is €3.25. Overall, Kinross Gold has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Cyclically Adjusted Revenue per Share compare to NEM and AU?
Kinross Gold's Cyclically Adjusted Revenue per Share of €3.25 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 Kinross Gold and its competitors. Kinross Gold's current Cyclically Adjusted Revenue per Share is €3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (FRA:KIN2) is currently considered Significantly Overvalued. The stock's GF Value™ is €17.34, compared to a current price of €23.53 — trading 35.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €3.25. Kinross Gold's overall GF Score™ is 91/100 with 1 warning sign 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 Kinross Gold (FRA:KIN2), the current Cyclically Adjusted Revenue per Share is €3.25 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 Kinross Gold (FRA:KIN2) Overvalued in 2026?

Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued. The current stock price of €23.53 is trading 35.7% above its estimated GF Value™ of €17.34. GuruFocus considers Kinross Gold to be Significantly Overvalued.

Key valuation signals for FRA:KIN2:

  • Cyclically Adjusted Revenue per Share: €3.25
  • GF Value™: €17.34 vs. price of €23.53 (35.7% above fair value)
  • GF Score™: 91/100 with 1 warning sign

No single metric tells the full story. See the FRA:KIN2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kinross Gold Business Description

Address 25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
91GF Score

Get the complete analysis for FRA:KIN2

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

€23.53
Price
€17.34
GF Value