This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. New Gold's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $1.149. New Gold's 10-Year median PS Ratio is 1.7319. Therefore, the Median PS Value for today is $1.99.
As of today (2024-04-19), New Gold's share price is $1.75. New Gold's Median PS Value is $1.99. Therefore, New Gold's Price to Median PS Value for today is 0.88.
The historical rank and industry rank for New Gold's Median PS Value or its related term are showing as below:
NGD'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.22 Med: 0.51 Max: 1.01
Current: 0.88
During the past 13 years, the highest Price to Median PS Value of New Gold was 1.01. The lowest was 0.22. And the median was 0.51.
NGD's Price-to-Median-PS-Value is ranked better than 58.29% of 374
companies
in the Metals & Mining industry
Industry Median: 0.98
vs NGD: 0.88
New Gold Median PS Value Historical Data
The historical data trend for New Gold's Median PS Value 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.
For the Gold subindustry, New Gold's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
New Gold Price-to-Median-PS-Value Distribution
For the Metals & Mining industry and Basic Materials sector, New Gold's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where New Gold's Price-to-Median-PS-Value falls into.
New Gold Median PS Value Calculation
New Gold's Median PS Value for today is calculated as
10-Year Median PS Ratio is 1.7319.
New Gold's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.149.
* 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.
New Gold (AMEX:NGD) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
New Gold's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
1.75
/
1.99
=
0.88
* 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.
New Gold Median PS Value Related Terms
Thank you for viewing the detailed overview of New Gold's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver to various banks engaged in the trading of precious metals and refineries.
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