ASAZY (Assa Abloy AB) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

ASAZY Assa Abloy AB ASAZY
92 GF Score
Price $17.63
GF Value $17.03
Valuation Fairly Valued
! 3 Warning Signs
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What is Assa Abloy AB Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Assa Abloy AB  (OTCPK:ASAZY) 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.


Assa Abloy AB Cyclically Adjusted PS Ratio Related Terms


Assa Abloy AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Assa Abloy AB'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.

Assa Abloy AB Cyclically Adjusted PS Ratio Chart

Assa Abloy AB 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 3.58 2.17 2.71 2.66 3.37

Assa Abloy AB 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 2.72 3.01 3.32 3.05 2.95

ASAZY vs ALLE, MSA, ADT: Cyclically Adjusted PS Ratio Comparison

For the Security & Protection Services subindustry, Assa Abloy AB'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.


Assa Abloy AB Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Assa Abloy AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Assa Abloy AB's Cyclically Adjusted PS Ratio falls into.


ASAZY
92GF Score
Assa Abloy AB ASAZY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Assa Abloy AB 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.

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

For example, Assa Abloy AB'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)
=1.887/134.6100*134.6100
=1.887

Current CPI (Jun. 2026) = 134.6100.

Assa Abloy AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.952 101.138 1.267
201612 0.969 102.022 1.279
201703 0.915 102.022 1.207
201706 0.992 102.752 1.300
201709 1.023 103.279 1.333
201712 1.088 103.793 1.411
201803 1.029 103.962 1.332
201806 1.097 104.875 1.408
201809 1.066 105.679 1.358
201812 1.153 105.912 1.465
201903 1.055 105.886 1.341
201906 1.122 106.742 1.415
201909 1.128 107.214 1.416
201912 1.168 107.766 1.459
202003 1.031 106.563 1.302
202006 0.927 107.498 1.161
202009 1.127 107.635 1.409
202012 1.218 108.296 1.514
202103 1.168 108.360 1.451
202106 1.264 108.928 1.562
202109 1.246 110.338 1.520
202112 1.301 112.486 1.557
202203 1.281 114.825 1.502
202206 1.349 118.384 1.534
202209 1.358 122.296 1.495
202212 1.381 126.365 1.471
202303 1.397 127.042 1.480
202306 1.473 129.407 1.532
202309 1.535 130.224 1.587
202312 1.560 131.912 1.592
202403 1.524 132.205 1.552
202406 1.599 132.716 1.622
202409 1.616 132.304 1.644
202412 1.652 132.987 1.672
202503 1.600 132.825 1.622
202506 1.770 133.699 1.782
202509 1.804 133.480 1.819
202512 1.833 133.380 1.850
202603 1.761 133.550 1.775
202606 1.887 134.610 1.887

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 Assa Abloy AB (ASAZY) Overvalued in 2026?

Based on GuruFocus' analysis, Assa Abloy AB stock appears to be overvalued. The current stock price of $17.63 is trading 3.5% above its estimated GF Value™ of $17.03. GuruFocus considers Assa Abloy AB to be Fairly Valued.

Key valuation signals for ASAZY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $17.03 vs. price of $17.63 (3.5% above fair value)
  • GF Score™: 92/100 with 3 warning signs

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


Assa Abloy AB Business Description

Address Klarabergsviadukten 90, P.O. Box 70340, Stockholm, SWE, SE-107 23
Assa Abloy is the world's largest supplier of locking and physical access solutions, sporting the world's largest installed base of locks that protect some of the most security-sensitive buildings, such as the European Parliament in Brussels. Some 70% of the group's revenue is derived from commercial, government, and other nonresidential customers. The company's product base is centered on electromechanical locks, which require identification to unlock with a keycard, biometric scan, or personal identification number. Assa Abloy's products are sold directly to security systems integrators, locksmiths, hardware stores, and original equipment manufacturers.
92GF Score

Get the complete analysis for ASAZY

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

$17.63
Price
$17.03
GF Value