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Royal Gold (Royal Gold) Cyclically Adjusted PS Ratio : 14.69 (As of Apr. 28, 2024)


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What is Royal Gold Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Royal Gold's current share price is $124.58. Royal Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $8.48. Royal Gold's Cyclically Adjusted PS Ratio for today is 14.69.

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

RGLD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.49   Med: 17.65   Max: 25.67
Current: 14.7

During the past years, Royal Gold's highest Cyclically Adjusted PS Ratio was 25.67. The lowest was 7.49. And the median was 17.65.

RGLD's Cyclically Adjusted PS Ratio is ranked worse than
94.52% of 584 companies
in the Metals & Mining industry
Industry Median: 1.315 vs RGLD: 14.70

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.

Royal Gold's adjusted revenue per share data for the three months ended in Dec. 2023 was $2.323. 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 $8.48 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Royal Gold Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Royal Gold'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.

Royal Gold Cyclically Adjusted PS Ratio Chart

Royal Gold Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.97 21.41 17.28 14.49 14.27

Royal Gold 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 14.49 16.17 13.98 12.69 14.27

Competitive Comparison of Royal Gold's Cyclically Adjusted PS Ratio

For the Gold subindustry, Royal 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.


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

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

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



Royal Gold 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.

Royal Gold's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=124.58/8.48
=14.69

* 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.

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

For example, Royal Gold'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)
=2.323/129.4194*129.4194
=2.323

Current CPI (Dec. 2023) = 129.4194.

Royal Gold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.887 99.695 1.151
201406 1.078 100.560 1.387
201409 1.060 100.428 1.366
201412 0.943 99.070 1.232
201503 1.138 99.621 1.478
201506 1.130 100.684 1.453
201509 1.138 100.392 1.467
201512 1.507 99.792 1.954
201603 1.436 100.470 1.850
201606 1.446 101.688 1.840
201609 1.807 101.861 2.296
201612 1.639 101.863 2.082
201703 1.639 102.862 2.062
201706 1.668 103.349 2.089
201709 1.720 104.136 2.138
201712 1.751 104.011 2.179
201803 1.776 105.290 2.183
201806 1.780 106.317 2.167
201809 1.527 106.507 1.856
201812 1.491 105.998 1.820
201903 1.676 107.251 2.022
201906 1.765 108.070 2.114
201909 1.810 108.329 2.162
201912 1.884 108.420 2.249
202003 2.080 108.902 2.472
202006 1.826 108.767 2.173
202009 2.238 109.815 2.638
202012 2.413 109.897 2.842
202103 2.173 111.754 2.516
202106 2.560 114.631 2.890
202109 2.658 115.734 2.972
202112 2.568 117.630 2.825
202203 2.473 121.301 2.639
202206 2.230 125.017 2.309
202209 2.002 125.227 2.069
202212 2.482 125.222 2.565
202303 2.593 127.348 2.635
202306 2.190 128.729 2.202
202309 2.108 129.860 2.101
202312 2.323 129.419 2.323

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.


Royal Gold  (NAS:RGLD) 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.


Royal Gold Cyclically Adjusted PS Ratio Related Terms

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


Royal Gold (Royal Gold) Business Description

Traded in Other Exchanges
Address
1144 15th Street, Suite 2500, Denver, CO, USA, 80202
Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.
Executives
Martin Raffield officer: Vice President, Operations P.O. BOX 1649, POLSON MT 59860
Mark Isto officer: Vice President Operations 1144 15TH STREET, SUITE 2500, DENVER CO 80202
William M. Hayes director 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Daniel Breeze officer: VP Corp Dev of RGLD Gold AG KIRCHBODENSTRASSE 16, Z, THALWIL V8 8800
Paul Libner officer: VP & General Counsel 845 BRAESHEATHER PL, HIGHLANDS RANCH CO 80216
Randy Shefman officer: VP & General Counsel 921 SOUTH HIGH STREET, DENVER CO 80209
Laura Gill officer: VP, Corp. Sec. & CCO 10499 EAST ABERDEEN AVE, ENGLEWOOD CO 80111
Fabiana Chubbs director 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Margaret Mccandless officer: Asst. GC, Corp Secretary & CCO C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Tony A Jensen director, officer: President and CEO 620 E HEARTSTRONG STREET, SUPERIOR CO 80027
Bruce Christopher Kirchhoff officer: VP and General Counsel 1660 WYNKOOP, #1000, DENVER CO 80202
Ronald J Vance director C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Sybil E Veenman director C/O ROYAL GOLD, INC., 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Jamie C Sokalsky director C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
William Holmes Heissenbuttel officer: VP Corporate Development 1144 15TH STREET, SUITE 2500, DENVER CO 80202