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OceanaGold (TSX:OGC) Cyclically Adjusted PS Ratio : 1.66 (As of May. 24, 2024)


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What is OceanaGold Cyclically Adjusted PS Ratio?

As of today (2024-05-24), OceanaGold's current share price is C$3.03. OceanaGold's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$1.82. OceanaGold's Cyclically Adjusted PS Ratio for today is 1.66.

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

TSX:OGC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.73   Max: 3.42
Current: 1.72

During the past years, OceanaGold's highest Cyclically Adjusted PS Ratio was 3.42. The lowest was 0.75. And the median was 1.73.

TSX:OGC's Cyclically Adjusted PS Ratio is ranked worse than
58.66% of 583 companies
in the Metals & Mining industry
Industry Median: 1.36 vs TSX:OGC: 1.72

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.

OceanaGold's adjusted revenue per share data for the three months ended in Mar. 2024 was C$0.516. 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 C$1.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


OceanaGold Cyclically Adjusted PS Ratio Historical Data

The historical data trend for OceanaGold'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.

OceanaGold Cyclically Adjusted PS Ratio Chart

OceanaGold 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 1.53 1.49 1.31 1.41 1.37

OceanaGold 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 1.81 1.40 1.42 1.37 1.68

Competitive Comparison of OceanaGold's Cyclically Adjusted PS Ratio

For the Gold subindustry, OceanaGold'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.


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

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

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



OceanaGold 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.03/1.82
=1.66

* 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.

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

For example, OceanaGold'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)
=0.516/127.6062*127.6062
=0.516

Current CPI (Mar. 2024) = 127.6062.

OceanaGold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.448 98.352 0.581
201409 0.438 98.816 0.566
201412 0.537 99.002 0.692
201503 0.532 99.187 0.684
201506 0.499 99.838 0.638
201509 0.469 100.302 0.597
201512 0.326 100.673 0.413
201603 0.346 100.488 0.439
201606 0.351 100.859 0.444
201609 0.315 101.602 0.396
201612 0.314 102.159 0.392
201703 0.348 102.624 0.433
201706 0.364 102.809 0.452
201709 0.283 103.460 0.349
201712 0.504 104.110 0.618
201803 0.407 104.574 0.497
201806 0.430 104.945 0.523
201809 0.385 105.410 0.466
201812 0.390 105.967 0.470
201903 0.381 105.967 0.459
201906 0.389 106.617 0.466
201909 0.284 107.174 0.338
201912 0.316 107.917 0.374
202003 0.306 108.289 0.361
202006 0.204 106.246 0.245
202009 0.203 107.917 0.240
202012 0.307 108.846 0.360
202103 0.262 109.496 0.305
202106 0.310 110.332 0.359
202109 0.361 111.168 0.414
202112 0.381 112.654 0.432
202203 0.504 115.069 0.559
202206 0.408 117.112 0.445
202209 0.397 119.248 0.425
202212 0.452 121.477 0.475
202303 0.467 123.148 0.484
202306 0.553 124.170 0.568
202309 0.400 125.656 0.406
202312 0.494 126.399 0.499
202403 0.516 127.606 0.516

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.


OceanaGold  (TSX:OGC) 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.


OceanaGold Cyclically Adjusted PS Ratio Related Terms

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


OceanaGold (TSX:OGC) Business Description

Traded in Other Exchanges
Address
400 Burrard Street, Suite 1020, Vancouver, BC, CAN, V6C 3A6
OceanaGold Corp is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from its operations and delivering strong returns for its shareholders. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; the Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.
Executives
Liang Tang Senior Officer

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