Newmont (MEX:NEM) Cyclically Adjusted Revenue per Share: MXN322.93 (As of Mar. 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.

MEX:NEM Newmont Corp MEX:NEM
81 GF Score
Price MXN1,637.50
GF Value MXN1,247.61
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Newmont Cyclically Adjusted Revenue per Share?

Newmont MEX:NEM +0.43% 81 Cyclically Adjusted Revenue per Share is MXN322.93 as of Mar. 2026. GuruFocus rates MEX:NEM with a GF Score™ of 81/100 and a GF Value™ of MXN1,247.61 (Significantly Overvalued). The stock has 2 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 Mar. 2026 was MXN121.219. 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 MXN322.93 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Newmont's average Cyclically Adjusted Revenue Growth Rate was 6.90% 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 (2026-07-15), Newmont's current stock price is MXN1637.50. Newmont's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN322.93. Newmont's Cyclically Adjusted PS Ratio of today is 5.07.

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  (MEX:NEM) 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
=1637.50/322.93
=5.07

* 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 338.40 328.23 281.07 345.69 313.49

Newmont Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 339.67 318.18 314.62 313.49 322.93

MEX:NEM 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.


MEX:NEM
81GF Score
Newmont Corp MEX:NEM
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 Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=121.219/330.2130*330.2130
=121.219

Current CPI (Mar. 2026) = 330.2130.

Newmont Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 57.909 241.018 79.340
201609 64.972 241.428 88.865
201612 68.129 241.432 93.182
201703 59.702 243.801 80.863
201706 63.350 244.955 85.399
201709 63.620 246.819 85.116
201712 70.636 246.524 94.615
201803 61.702 249.554 81.645
201806 61.042 251.989 79.991
201809 60.345 252.439 78.937
201812 75.164 251.233 98.793
201903 65.495 254.202 85.079
201906 56.451 256.143 72.775
201909 65.158 256.759 83.798
201912 68.158 256.974 87.583
202003 74.808 258.115 95.704
202006 67.813 257.797 86.862
202009 86.884 260.280 110.228
202012 83.443 260.474 105.784
202103 73.200 264.877 91.256
202106 75.980 271.696 92.344
202109 74.409 274.310 89.573
202112 87.146 278.802 103.216
202203 75.807 287.504 87.068
202206 77.385 296.311 86.239
202209 66.645 296.808 74.146
202212 78.278 296.797 87.091
202303 60.741 301.836 66.452
202306 57.858 305.109 62.618
202309 54.554 307.789 58.529
202312 68.608 306.746 73.857
202403 57.907 312.332 61.222
202406 69.823 314.175 73.387
202409 78.915 315.301 82.647
202412 103.764 315.605 108.567
202503 90.946 319.799 93.908
202506 90.031 322.561 92.167
202509 92.121 324.800 93.656
202512 112.317 324.054 114.452
202603 121.219 330.213 121.219

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 MXN322.93 mean?
Newmont (MEX:NEM) has a Cyclically Adjusted Revenue per Share of MXN322.93 as of Mar. 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 MXN322.93. Overall, Newmont has a GF Score™ of 81/100 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 MXN322.93 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 MXN322.93. 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 (MEX:NEM) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,247.61, compared to a current price of MXN1,637.50 — trading 31.3% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN322.93. Newmont's overall GF Score™ is 81/100 with 2 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 (MEX:NEM), the current Cyclically Adjusted Revenue per Share is MXN322.93 as of Mar. 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 (MEX:NEM) Overvalued in 2026?

Based on GuruFocus' analysis, Newmont stock appears to be overvalued. The current stock price of MXN1,637.50 is trading 31.3% above its estimated GF Value™ of MXN1,247.61. GuruFocus considers Newmont to be Significantly Overvalued.

Key valuation signals for MEX:NEM:

  • Cyclically Adjusted Revenue per Share: MXN322.93
  • GF Value™: MXN1,247.61 vs. price of MXN1,637.50 (31.3% above fair value)
  • GF Score™: 81/100 with 2 warning signs

No single metric tells the full story. See the MEX:NEM 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.
81GF Score

Get the complete analysis for MEX:NEM

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

MXN1,637.50
Price
MXN1,247.61
GF Value