ARTNA (Artesian Resources) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ARTNA Artesian Resources Corp ARTNA
87 GF Score
Price $34.44
GF Value $36.45
Valuation Fairly Valued
! 5 Warning Signs
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What is Artesian Resources Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Artesian Resources  (NAS:ARTNA) 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.


Artesian Resources Cyclically Adjusted PS Ratio Related Terms


Artesian Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Artesian Resources'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.

Artesian Resources Cyclically Adjusted PS Ratio Chart

Artesian Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.73 5.62 3.86 2.87 2.82

Artesian Resources 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 2.98 2.88 2.80 2.77 2.93

ARTNA vs CDZI, PCYO, GWRS: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Water subindustry, Artesian Resources'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.


Artesian Resources Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Artesian Resources's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ARTNA
87GF Score
Artesian Resources Corp ARTNA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Artesian Resources 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.

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

For example, Artesian Resources'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)
=2.968/333.9520*333.9520
=2.968

Current CPI (Jun. 2026) = 333.9520.

Artesian Resources Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.379 241.428 3.291
201612 2.114 241.432 2.924
201703 2.085 243.801 2.856
201706 2.220 244.955 3.027
201709 2.407 246.819 3.257
201712 2.177 246.524 2.949
201803 2.037 249.554 2.726
201806 2.178 251.989 2.886
201809 2.358 252.439 3.119
201812 2.079 251.233 2.764
201903 2.081 254.202 2.734
201906 2.215 256.143 2.888
201909 2.417 256.759 3.144
201912 2.250 256.974 2.924
202003 2.130 258.115 2.756
202006 2.322 257.797 3.008
202009 2.638 260.280 3.385
202012 2.317 260.474 2.971
202103 2.195 264.877 2.767
202106 2.384 271.696 2.930
202109 2.642 274.310 3.216
202112 2.391 278.802 2.864
202203 2.347 287.504 2.726
202206 2.641 296.311 2.976
202209 2.800 296.808 3.150
202212 2.643 296.797 2.974
202303 2.365 301.836 2.617
202306 2.525 305.109 2.764
202309 2.585 307.789 2.805
202312 2.387 306.746 2.599
202403 2.385 312.332 2.550
202406 2.663 314.175 2.831
202409 2.830 315.301 2.997
202412 2.606 315.605 2.757
202503 2.512 319.799 2.623
202506 2.769 322.561 2.867
202509 2.956 324.800 3.039
202512 2.715 324.054 2.798
202603 2.690 330.213 2.720
202606 2.968 333.952 2.968

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.

Is Artesian Resources (ARTNA) Overvalued in 2026?

Based on GuruFocus' analysis, Artesian Resources stock appears to be undervalued. The current stock price of $34.44 is trading 5.5% below its estimated GF Value™ of $36.45. GuruFocus considers Artesian Resources to be Fairly Valued.

Key valuation signals for ARTNA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $36.45 vs. price of $34.44 (5.5% below fair value)
  • GF Score™: 87/100 with 5 warning signs

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


Artesian Resources Business Description

Other Exchanges ARTNB:USA
Address 664 Churchmans Road, Newark, DE, USA, 19702
Artesian Resources Corp operates as a holding company based in the United States. Through its subsidiaries, it offers water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The Group distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal, and utility customers. Additionally, it is involved in contract water and wastewater operations; offers wastewater services, and water, sewer, and internal Service Line Protection Plans. The Group operates its businesses mainly through one reportable segment, the Regulated Utility segment.
87GF Score

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

$34.44
Price
$36.45
GF Value