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B2Gold (NAM:B2G) Cyclically Adjusted PS Ratio : 2.05 (As of Apr. 29, 2024)


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What is B2Gold Cyclically Adjusted PS Ratio?

As of today (2024-04-29), B2Gold's current share price is R47.94. B2Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R23.34. B2Gold's Cyclically Adjusted PS Ratio for today is 2.05.

The historical rank and industry rank for B2Gold's Cyclically Adjusted PS Ratio or its related term are showing as below:

NAM:B2G' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.01   Med: 4.37   Max: 9.18
Current: 2.13

During the past years, B2Gold's highest Cyclically Adjusted PS Ratio was 9.18. The lowest was 2.01. And the median was 4.37.

NAM:B2G's Cyclically Adjusted PS Ratio is ranked worse than
63.01% of 584 companies
in the Metals & Mining industry
Industry Median: 1.315 vs NAM:B2G: 2.13

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.

B2Gold's adjusted revenue per share data for the three months ended in Dec. 2023 was R7.284. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R23.34 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


B2Gold Cyclically Adjusted PS Ratio Historical Data

The historical data trend for B2Gold'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.

* Premium members only.

B2Gold Cyclically Adjusted PS Ratio Chart

B2Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.61 6.39 3.82 3.17 2.50

B2Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.17 3.41 2.93 2.37 2.50

Competitive Comparison of B2Gold's Cyclically Adjusted PS Ratio

For the Gold subindustry, B2Gold'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.


B2Gold's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, B2Gold's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where B2Gold's Cyclically Adjusted PS Ratio falls into.



B2Gold 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.

B2Gold's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=47.94/23.34
=2.05

* 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.

B2Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, B2Gold's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.284/125.4675*125.4675
=7.284

Current CPI (Dec. 2023) = 125.4675.

B2Gold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.064 98.604 2.626
201406 1.902 99.473 2.399
201409 1.802 99.394 2.275
201412 1.535 98.367 1.958
201503 1.702 99.789 2.140
201506 1.818 100.500 2.270
201509 2.055 100.421 2.568
201512 2.256 99.947 2.832
201603 2.383 101.054 2.959
201606 2.666 102.002 3.279
201609 2.789 101.765 3.439
201612 2.565 101.449 3.172
201703 1.947 102.634 2.380
201706 2.002 103.029 2.438
201709 1.918 103.345 2.329
201712 2.294 103.345 2.785
201803 3.834 105.004 4.581
201806 3.032 105.557 3.604
201809 4.133 105.636 4.909
201812 3.300 105.399 3.928
201903 3.740 106.979 4.386
201906 3.835 107.690 4.468
201909 4.468 107.611 5.209
201912 4.361 107.769 5.077
202003 6.052 107.927 7.036
202006 7.155 108.401 8.281
202009 7.663 108.164 8.889
202012 6.743 108.559 7.793
202103 5.105 110.298 5.807
202106 4.747 111.720 5.331
202109 7.028 112.905 7.810
202112 7.881 113.774 8.691
202203 5.147 117.646 5.489
202206 5.655 120.806 5.873
202209 6.491 120.648 6.750
202212 9.473 120.964 9.826
202303 7.998 122.702 8.178
202306 7.017 124.203 7.088
202309 6.987 125.230 7.000
202312 7.284 125.468 7.284

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.


B2Gold  (NAM:B2G) 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.


B2Gold Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of B2Gold's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


B2Gold (NAM:B2G) Business Description

Traded in Other Exchanges
Address
666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; other mineral properties; and corporate and other. It generates maximum revenue from the Fekola mine segment in Mali.

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