ALNPF (ANA Holdings) Cyclically Adjusted PS Ratio: 0.67 (As of Sep. 06, 2026) — Near Median

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ALNPF ANA Holdings Inc ALNPF
72 GF Score
Price $19.50
GF Value $20.64
Valuation Fairly Valued
! 2 Warning Signs
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What is ANA Holdings Cyclically Adjusted PS Ratio?

ANA Holdings ALNPF 72 Cyclically Adjusted PS Ratio is 0.67 as of Sep. 06, 2026, which is 8% above its 10-year median of 0.62. GuruFocus rates ALNPF with a GF Score™ of 72/100 and a GF Value™ of $20.64 (Fairly Valued). The stock has 2 warning signs investors should review. Among 762 Transportation companies, ANA Holdings ranks better than 62.34% on this metric.

As of today (2026-09-06), ANA Holdings's current share price is $19.50. ANA Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $28.96. ANA Holdings's Cyclically Adjusted PS Ratio for today is 0.67.

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

ALNPF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.62   Max: 0.88
Current: 0.63

During the past years, ANA Holdings's highest Cyclically Adjusted PS Ratio was 0.88. The lowest was 0.40. And the median was 0.62.

ALNPF's Cyclically Adjusted PS Ratio is ranked better than
62.34% of 762 companies
in the Transportation industry
Industry Median: 0.925 vs ALNPF: 0.63

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.

ANA Holdings's adjusted revenue per share data for the three months ended in Jun. 2026 was $7.666. 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 $28.96 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ANA Holdings  (OTCPK:ALNPF) 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.


ANA Holdings Cyclically Adjusted PS Ratio Related Terms


ANA Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ANA Holdings'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.

ANA Holdings Cyclically Adjusted PS Ratio Chart

ANA Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.61 0.68 0.58 0.59

ANA Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.59 0.60 0.62 0.59 0.62

ALNPF vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, ANA Holdings'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.


ANA Holdings Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, ANA Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ALNPF
72GF Score
ANA Holdings Inc ALNPF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ANA Holdings 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.

ANA Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.50/28.96
=0.67

* 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.

ANA Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, ANA Holdings's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.666/113.6000*113.6000
=7.666

Current CPI (Jun. 2026) = 113.6000.

ANA Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 13.490 98.000 15.637
201612 11.002 98.400 12.701
201703 10.961 98.100 12.693
201706 11.626 98.500 13.408
201709 13.789 98.800 15.855
201712 13.127 99.400 15.002
201803 13.464 99.200 15.418
201806 13.165 99.200 15.076
201809 14.747 99.900 16.769
201812 14.126 99.700 16.095
201903 13.172 99.700 15.008
201906 13.840 99.800 15.754
201909 15.436 100.100 17.518
201912 14.413 100.500 16.292
202003 10.885 100.300 12.328
202006 3.379 99.900 3.842
202009 4.819 99.900 5.480
202012 4.929 99.300 5.639
202103 3.933 99.900 4.472
202106 3.841 99.500 4.385
202109 4.482 100.100 5.086
202112 5.732 100.100 6.505
202203 5.061 101.100 5.687
202206 4.960 101.800 5.535
202209 5.784 103.100 6.373
202212 6.640 104.100 7.246
202303 6.428 104.400 6.994
202306 6.266 105.200 6.766
202309 7.052 106.200 7.543
202312 7.206 106.800 7.665
202403 6.550 107.200 6.941
202406 7.810 108.200 8.200
202409 7.694 108.900 8.026
202412 7.434 110.700 7.629
202503 7.126 111.100 7.286
202506 7.263 111.700 7.387
202509 8.297 112.000 8.416
202512 8.411 113.000 8.456
202603 7.923 112.700 7.986
202606 7.666 113.600 7.666

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.

What does a Cyclically Adjusted PS Ratio of 0.67 mean?
ANA Holdings (ALNPF) has a Cyclically Adjusted PS Ratio of 0.67 as of Sep. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on ANA Holdings and its competitors. This is near median its historical median of 0.62. Over the past decade, ANA Holdings' Cyclically Adjusted PS Ratio has ranged from 0.40 to 0.88. According to the industry distribution chart, ANA Holdings ranks #287 out of 762 companies in the Transportation industry, placing it in the top 37.7%.
Is ANA Holdings' Cyclically Adjusted PS Ratio too high?
ANA Holdings' current Cyclically Adjusted PS Ratio of 0.67 is near median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.88. The Transportation industry median Cyclically Adjusted PS Ratio is 0.93. ANA Holdings' value of 0.67 is 27.6% below this industry median. Based on the distribution chart, ANA Holdings ranks #287 out of 762 companies in the Transportation industry, which is above the industry midpoint. Overall, ANA Holdings has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ANA Holdings' Cyclically Adjusted PS Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, ANA Holdings ranks #287 out of 762 companies for Cyclically Adjusted PS Ratio. This puts ANA Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.93. ANA Holdings' value of 0.67 is 27.6% below this benchmark. Historically, ANA Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.40 to 0.88 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.93, ANA Holdings has consistently been below 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 Cyclically Adjusted PS Ratio for a Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.93, based on 762 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ANA Holdings's current Cyclically Adjusted PS Ratio of 0.67 is 27.6% below 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on ANA Holdings and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANA Holdings's current Cyclically Adjusted PS Ratio is 0.67, which is near median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANA Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANA Holdings (ALNPF) is currently considered Fairly Valued. The stock's GF Value™ is $20.64, compared to a current price of $19.50 — trading 5.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.67, which is near median its 10-year median of 0.62 and 27.6% below the Transportation industry median of 0.93. ANA Holdings' overall GF Score™ is 72/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For ANA Holdings (ALNPF), the current Cyclically Adjusted PS Ratio is 0.67 as of Sep. 06, 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 ANA Holdings (ALNPF) Overvalued in 2026?

Based on GuruFocus' analysis, ANA Holdings stock appears to be undervalued. The current stock price of $19.50 is trading 5.5% below its estimated GF Value™ of $20.64. GuruFocus considers ANA Holdings to be Fairly Valued.

Key valuation signals for ALNPF:

  • Cyclically Adjusted PS Ratio: 0.67 (near median its 10-year median of 0.62)
  • GF Value™: $20.64 vs. price of $19.50 (5.5% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 27.6% below the Transportation median (#287 of 762)

No single metric tells the full story. See the ALNPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ANA Holdings Business Description

Address 1-5-2 Higashi-Shinbashi, Shiodome City Center, Minato-ku, Tokyo, JPN, 105-7140
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. Air Japan, which was launched to provide discount flights to Southeast Asia, will cease in 2026. Prior to covid-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
72GF Score

Get the complete analysis for ALNPF

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.50
Price
$20.64
GF Value