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Kinross Gold (BUE:KGC) Cyclically Adjusted PS Ratio : 2.65 (As of May. 17, 2024)


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What is Kinross Gold Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Kinross Gold's current share price is ARS8611.50. Kinross Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ARS3,244.52. Kinross Gold's Cyclically Adjusted PS Ratio for today is 2.65.

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

BUE:KGC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.47   Max: 3.44
Current: 2.51

During the past years, Kinross Gold's highest Cyclically Adjusted PS Ratio was 3.44. The lowest was 0.58. And the median was 1.47.

BUE:KGC's Cyclically Adjusted PS Ratio is ranked worse than
68.65% of 587 companies
in the Metals & Mining industry
Industry Median: 1.34 vs BUE:KGC: 2.51

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 adjusted revenue per share data for the three months ended in Mar. 2024 was ARS741.809. 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 ARS3,244.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinross Gold Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Kinross 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.

Kinross Gold Cyclically Adjusted PS Ratio Chart

Kinross Gold 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 1.61 2.43 1.88 1.37 1.91

Kinross Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.56 1.53 1.48 1.91 1.96

Competitive Comparison of Kinross Gold's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



Kinross 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8611.50/3244.52
=2.65

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Kinross Gold's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=741.809/126.2576*126.2576
=741.809

Current CPI (Mar. 2024) = 126.2576.

Kinross Gold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.421 99.473 8.150
201409 6.957 99.394 8.837
201412 5.912 98.367 7.588
201503 6.018 99.789 7.614
201506 5.987 100.500 7.521
201509 6.639 100.421 8.347
201512 7.974 99.947 10.073
201603 9.663 101.054 12.073
201606 9.847 102.002 12.189
201609 10.806 101.765 13.407
201612 11.495 101.449 14.306
201703 9.779 102.634 12.030
201706 11.390 103.029 13.958
201709 11.542 103.345 14.101
201712 12.295 103.345 15.021
201803 14.367 105.004 17.275
201806 15.349 105.557 18.359
201809 22.191 105.636 26.523
201812 23.716 105.399 28.409
201903 24.408 106.979 28.806
201906 29.680 107.690 34.797
201909 38.811 107.611 45.536
201912 47.106 107.769 55.187
202003 43.159 107.927 50.489
202006 54.358 108.401 63.312
202009 66.184 108.164 77.255
202012 76.629 108.559 89.122
202103 54.593 110.298 62.493
202106 52.799 111.720 59.670
202109 45.153 112.905 50.493
202112 49.499 113.774 54.930
202203 59.515 117.646 63.872
202206 76.085 120.806 79.519
202209 90.663 120.648 94.879
202212 142.237 120.964 148.462
202303 148.392 122.702 152.692
202306 211.694 124.203 215.195
202309 311.661 125.230 314.217
202312 326.078 125.072 329.168
202403 741.809 126.258 741.809

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.


Kinross Gold  (BUE:KGC) 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.


Kinross Gold Cyclically Adjusted PS Ratio Related Terms

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


Kinross Gold (BUE:KGC) Business Description

Traded in Other Exchanges
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 2022. The company had about a decade of gold reserves at the end of 2022. 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. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.

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