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Kinross Gold (Kinross Gold) Cyclically Adjusted PS Ratio : 2.13 (As of Apr. 27, 2024)


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What is Kinross Gold Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Kinross Gold's current share price is $6.74. Kinross Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $3.17. Kinross Gold's Cyclically Adjusted PS Ratio for today is 2.13.

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

KGC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.47   Max: 3.44
Current: 2.19

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.

KGC's Cyclically Adjusted PS Ratio is ranked worse than
64.9% of 584 companies
in the Metals & Mining industry
Industry Median: 1.315 vs KGC: 2.19

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 Dec. 2023 was $0.903. 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 $3.17 for the trailing ten years ended in Dec. 2023.

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
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 1.37 1.56 1.53 1.48 1.91

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
=6.74/3.17
=2.13

* 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 Dec. 2023 is calculated as:

For example, Kinross 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)
=0.903/125.4675*125.4675
=0.903

Current CPI (Dec. 2023) = 125.4675.

Kinross Gold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.710 98.604 0.903
201406 0.790 99.473 0.996
201409 0.826 99.394 1.043
201412 0.691 98.367 0.881
201503 0.682 99.789 0.857
201506 0.659 100.500 0.823
201509 0.706 100.421 0.882
201512 0.616 99.947 0.773
201603 0.662 101.054 0.822
201606 0.704 102.002 0.866
201609 0.724 101.765 0.893
201612 0.725 101.449 0.897
201703 0.634 102.634 0.775
201706 0.691 103.029 0.841
201709 0.659 103.345 0.800
201712 0.644 103.345 0.782
201803 0.713 105.004 0.852
201806 0.615 105.557 0.731
201809 0.603 105.636 0.716
201812 0.629 105.399 0.749
201903 0.624 106.979 0.732
201906 0.664 107.690 0.774
201909 0.694 107.611 0.809
201912 0.788 107.769 0.917
202003 0.695 107.927 0.808
202006 0.794 108.401 0.919
202009 0.891 108.164 1.034
202012 0.942 108.559 1.089
202103 0.606 110.298 0.689
202106 0.557 111.720 0.626
202109 0.462 112.905 0.513
202112 0.490 113.774 0.540
202203 0.554 117.646 0.591
202206 0.632 120.806 0.656
202209 0.652 120.648 0.678
202212 0.848 120.964 0.880
202303 0.759 122.702 0.776
202306 0.882 124.203 0.891
202309 0.891 125.230 0.893
202312 0.903 125.468 0.903

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  (NYSE: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 (Kinross Gold) Business Description

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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