Lynas Rare EarthsASX:LYC +4.03%78 PS Ratio is 26.53 as of Jun. 24, 2026, which is 257% above its 10-year median of 7.44. GuruFocus rates ASX:LYC with a GF Score™ of 78/100 and a GF Value™ of A$13.70 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 752 Metals & Mining companies, Lynas Rare Earths ranks worse than 88.56% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Lynas Rare Earths's share price is A$19.34.
Lynas Rare Earths's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.73. Hence, Lynas Rare Earths's PS Ratio for today is 26.53.
The historical rank and industry rank for Lynas Rare Earths's PS Ratio or its related term are showing as below:
ASX:LYC'
s PS Ratio Range Over the Past 10 Years
Min: 1 Med: 7.44 Max: 37.53
Current: 26.53
During the past 13 years, Lynas Rare Earths's highest PS Ratio was 37.53. The lowest was 1.00. And the median was 7.44.
ASX:LYC's PS Ratio is ranked worse than 88.56% of 752
companies
in the Metals & Mining industry
Industry Median: 2.5
vs ASX:LYC: 26.53
Lynas Rare Earths Ltd revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Lynas Rare Earths was 42.70% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -16.20% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 2.00% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 2.30% per year.
During the past 13 years, Lynas Rare Earths's highest 3-Year average Revenue per Share Growth Rate was 376.50% per year. The lowest was -16.20% per year. And the median was 7.90% per year.
Back to Basics: PS Ratio
Lynas Rare Earths (ASX:LYC) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Lynas Rare Earths PS Ratio Related Terms
Lynas Rare Earths PS Ratio Historical Data
* Premium members only.
The historical data trend for Lynas Rare Earths's 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.
For the Other Industrial Metals & Mining subindustry, Lynas Rare Earths's PS Ratio, along with its competitors' market caps and 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.
Lynas Rare Earths PS Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lynas Rare Earths's PS Ratio distribution charts can be found below:
* The bar in red indicates where Lynas Rare Earths's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Lynas Rare Earths's Share Price of today is A$19.34.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Lynas Rare Earths's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.73.
* 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.
It can also be calculated from the numbers for the whole company:
Lynas Rare Earths (ASX:LYC) has a PS Ratio of 26.53 as of Jun. 24, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Lynas Rare Earths and its competitors. This is 257% above median its historical median of 7.44. Over the past decade, Lynas Rare Earths' PS Ratio has ranged from 1.00 to 37.53. According to the industry distribution chart, Lynas Rare Earths ranks #666 out of 752 companies in the Metals & Mining industry, placing it in the top 88.6%.
Is Lynas Rare Earths' PS Ratio too high?
Lynas Rare Earths' current PS Ratio of 26.53 is 257% above median its 10-year median of 7.44. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 37.53. The Metals & Mining industry median PS Ratio is 2.50. Lynas Rare Earths' value of 26.53 is 961.2% above this industry median. Based on the distribution chart, Lynas Rare Earths ranks #666 out of 752 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Lynas Rare Earths has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lynas Rare Earths' PS Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Lynas Rare Earths ranks #666 out of 752 companies for PS Ratio. This places Lynas Rare Earths in the lower half of its industry. The industry median PS Ratio is 2.50. Lynas Rare Earths' value of 26.53 is 961.2% above this benchmark. Historically, Lynas Rare Earths' own PS Ratio has ranged from 1.00 to 37.53 over the past decade. While the company's 10-year median is 7.44 vs. the industry median of 2.50, Lynas Rare Earths has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for a Metals & Mining company?
The median PS Ratio among Metals & Mining companies is 2.50, based on 752 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lynas Rare Earths's current PS Ratio of 26.53 is 961.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Lynas Rare Earths and its competitors. For the Metals & Mining industry, the median PS Ratio is 2.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lynas Rare Earths's current PS Ratio is 26.53, which is 257% above median its own 10-year median of 7.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lynas Rare Earths stock overvalued right now?
Based on GuruFocus' analysis, Lynas Rare Earths (ASX:LYC) is currently considered Significantly Overvalued. The stock's GF Value™ is A$13.70, compared to a current price of A$19.34 — trading 41.2% above its estimated fair value. The current PS Ratio is 26.53, which is 257% above median its 10-year median of 7.44 and 961.2% above the Metals & Mining industry median of 2.50. Lynas Rare Earths' overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Lynas Rare Earths (ASX:LYC), the current PS Ratio is 26.53 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lynas Rare Earths (ASX:LYC) Overvalued in 2026?
Based on GuruFocus' analysis, Lynas Rare Earths stock appears to be overvalued.
The current stock price of A$19.34 is trading 41.2% above its estimated GF Value™ of A$13.70.
GuruFocus considers Lynas Rare Earths to be Significantly Overvalued.
Key valuation signals for ASX:LYC:
PS Ratio: 26.53 (257% above median its 10-year median of 7.44)
GF Value™: A$13.70 vs. price of A$19.34 (41.2% above fair value)
Industry Position: 961.2% above the Metals & Mining median (#666 of 752)
No single metric tells the full story. See the ASX:LYC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lynas is the largest rare-earth producer outside China. It owns the high-grade Mount Weld deposit in Western Australia and rare-earth processing facilities in Kalgoorlie and Malaysia. We estimate that Mount Weld is the world's lowest-cost producer of separated neodymium and praseodymium, light rare-earth materials, which are sold to customers in the form of neodymium-praseodymium oxide with a mine life exceeding 20 years. As of December 2025, Lynas is also the only producer of separated heavy rare-earth dysprosium and terbium outside China. The company is further expanding NdPr capacity while diversifying into producing additional separated rare-earth materials, including samarium. It also intends to move downstream into rare-earth metal and magnet production.
78GF Score
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