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Royal Gold (FRA:RG3) Cyclically Adjusted PS Ratio : 14.61 (As of May. 27, 2024)


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What is Royal Gold Cyclically Adjusted PS Ratio?

As of today (2024-05-27), Royal Gold's current share price is €118.20. Royal Gold's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €8.09. Royal Gold's Cyclically Adjusted PS Ratio for today is 14.61.

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

FRA:RG3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.49   Med: 17.63   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 17.63.

FRA:RG3's Cyclically Adjusted PS Ratio is ranked worse than
95.2% of 583 companies
in the Metals & Mining industry
Industry Median: 1.31 vs FRA:RG3: 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 Mar. 2024 was €2.084. 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 €8.09 for the trailing ten years ended in Mar. 2024.

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
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 16.17 13.98 12.69 14.27 13.94

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
=118.20/8.09
=14.61

* 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 Mar. 2024 is calculated as:

For example, Royal 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)
=2.084/131.7762*131.7762
=2.084

Current CPI (Mar. 2024) = 131.7762.

Royal Gold Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.793 100.560 1.039
201409 0.823 100.428 1.080
201412 0.765 99.070 1.018
201503 1.051 99.621 1.390
201506 1.007 100.684 1.318
201509 1.014 100.392 1.331
201512 1.383 99.792 1.826
201603 1.290 100.470 1.692
201606 1.287 101.688 1.668
201609 1.610 101.861 2.083
201612 1.554 101.863 2.010
201703 1.532 102.862 1.963
201706 1.484 103.349 1.892
201709 1.443 104.136 1.826
201712 1.480 104.011 1.875
201803 1.440 105.290 1.802
201806 1.523 106.317 1.888
201809 1.308 106.507 1.618
201812 1.310 105.998 1.629
201903 1.483 107.251 1.822
201906 1.562 108.070 1.905
201909 1.644 108.329 2.000
201912 1.696 108.420 2.061
202003 1.882 108.902 2.277
202006 1.622 108.767 1.965
202009 1.900 109.815 2.280
202012 1.984 109.897 2.379
202103 1.825 111.754 2.152
202106 2.125 114.631 2.443
202109 2.259 115.734 2.572
202112 2.273 117.630 2.546
202203 2.246 121.301 2.440
202206 2.109 125.017 2.223
202209 2.022 125.227 2.128
202212 2.343 125.222 2.466
202303 2.422 127.348 2.506
202306 2.022 128.729 2.070
202309 1.975 129.860 2.004
202312 2.130 129.419 2.169
202403 2.084 131.776 2.084

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  (FRA:RG3) 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 (FRA:RG3) 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.

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