ASPN (Aspen Aerogels) Cyclically Adjusted PS Ratio: 0.97 (As of Jul. 07, 2026) — 48% Below Median


ASPN Aspen Aerogels Inc ASPN
67 GF Score
Price $5.14
GF Value $5.10
Valuation Fairly Valued
! 4 Warning Signs
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What is Aspen Aerogels Cyclically Adjusted PS Ratio?

Aspen Aerogels ASPN -6.03% 67 Cyclically Adjusted PS Ratio is 0.97 as of Jul. 07, 2026, which is 48% below its 10-year median of 1.87. GuruFocus rates ASPN with a GF Score™ of 67/100 and a GF Value™ of $5.10 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,354 Construction companies, Aspen Aerogels ranks worse than 61.74% on this metric.

As of today (2026-07-07), Aspen Aerogels's current share price is $5.14. Aspen Aerogels's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $5.31. Aspen Aerogels's Cyclically Adjusted PS Ratio for today is 0.97.

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

ASPN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.87   Max: 10.61
Current: 1.03

During the past years, Aspen Aerogels's highest Cyclically Adjusted PS Ratio was 10.61. The lowest was 0.53. And the median was 1.87.

ASPN's Cyclically Adjusted PS Ratio is ranked worse than
61.74% of 1354 companies
in the Construction industry
Industry Median: 0.71 vs ASPN: 1.03

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.

Aspen Aerogels's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.458. 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 $5.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aspen Aerogels  (NYSE:ASPN) 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.


Aspen Aerogels Cyclically Adjusted PS Ratio Related Terms


Aspen Aerogels Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aspen Aerogels'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.

Aspen Aerogels Cyclically Adjusted PS Ratio Chart

Aspen Aerogels 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 8.30 1.85 2.45 2.12 0.53

Aspen Aerogels Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.13 1.06 1.25 0.53 0.64

ASPN vs AIRJ, JLHL, PPIH: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Aspen Aerogels'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.


Aspen Aerogels Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Aspen Aerogels's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ASPN
67GF Score
Aspen Aerogels Inc ASPN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aspen Aerogels 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.

Aspen Aerogels's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.14/5.31
=0.97

* 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.

Aspen Aerogels's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Aspen Aerogels's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.458/330.2130*330.2130
=0.458

Current CPI (Mar. 2026) = 330.2130.

Aspen Aerogels Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.199 241.018 1.643
201609 1.276 241.428 1.745
201612 1.191 241.432 1.629
201703 0.989 243.801 1.340
201706 1.073 244.955 1.446
201709 1.160 246.819 1.552
201712 1.548 246.524 2.074
201803 0.979 249.554 1.295
201806 0.913 251.989 1.196
201809 1.005 252.439 1.315
201812 1.497 251.233 1.968
201903 1.166 254.202 1.515
201906 1.224 256.143 1.578
201909 1.466 256.759 1.885
201912 1.924 256.974 2.472
202003 1.128 258.115 1.443
202006 0.929 257.797 1.190
202009 0.905 260.280 1.148
202012 0.851 260.474 1.079
202103 1.004 264.877 1.252
202106 1.111 271.696 1.350
202109 0.934 274.310 1.124
202112 0.963 278.802 1.141
202203 1.166 287.504 1.339
202206 1.296 296.311 1.444
202209 0.928 296.808 1.032
202212 1.209 296.797 1.345
202303 0.659 301.836 0.721
202306 0.695 305.109 0.752
202309 0.876 307.789 0.940
202312 1.203 306.746 1.295
202403 1.247 312.332 1.318
202406 1.491 314.175 1.567
202409 1.539 315.301 1.612
202412 1.469 315.605 1.537
202503 0.959 319.799 0.990
202506 0.949 322.561 0.972
202509 0.886 324.800 0.901
202512 0.500 324.054 0.510
202603 0.458 330.213 0.458

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 0.97 mean?
Aspen Aerogels (ASPN) has a Cyclically Adjusted PS Ratio of 0.97 as of Jul. 07, 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 Aspen Aerogels and its competitors. This is 48% below median its historical median of 1.87. Over the past decade, Aspen Aerogels' Cyclically Adjusted PS Ratio has ranged from 0.53 to 10.61. According to the industry distribution chart, Aspen Aerogels ranks #836 out of 1354 companies in the Construction industry, placing it in the top 61.7%.
Is Aspen Aerogels' Cyclically Adjusted PS Ratio too high?
Aspen Aerogels' current Cyclically Adjusted PS Ratio of 0.97 is 48% below median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 10.61. The Construction industry median Cyclically Adjusted PS Ratio is 0.71. Aspen Aerogels' value of 0.97 is 36.6% above this industry median. Based on the distribution chart, Aspen Aerogels ranks #836 out of 1354 companies in the Construction industry, which is below the industry midpoint. Overall, Aspen Aerogels has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aspen Aerogels' Cyclically Adjusted PS Ratio compare to AIRJ and JLHL?
According to the Construction industry distribution chart, Aspen Aerogels ranks #836 out of 1354 companies for Cyclically Adjusted PS Ratio. This places Aspen Aerogels in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.71. Aspen Aerogels' value of 0.97 is 36.6% above this benchmark. Historically, Aspen Aerogels' own Cyclically Adjusted PS Ratio has ranged from 0.53 to 10.61 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 0.71, Aspen Aerogels 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 Cyclically Adjusted PS Ratio for a Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.71, based on 1,354 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. Aspen Aerogels's current Cyclically Adjusted PS Ratio of 0.97 is 36.6% 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 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 Aspen Aerogels and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Aerogels's current Cyclically Adjusted PS Ratio is 0.97, which is 48% below median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Aerogels stock overvalued right now?
Based on GuruFocus' analysis, Aspen Aerogels (ASPN) is currently considered Fairly Valued. The stock's GF Value™ is $5.10, compared to a current price of $5.14 — trading 0.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.97, which is 48% below median its 10-year median of 1.87 and 36.6% above the Construction industry median of 0.71. Aspen Aerogels' overall GF Score™ is 67/100 with 4 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 Aspen Aerogels (ASPN), the current Cyclically Adjusted PS Ratio is 0.97 as of Jul. 07, 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 Aspen Aerogels (ASPN) Overvalued in 2026?

Based on GuruFocus' analysis, Aspen Aerogels stock appears to be overvalued. The current stock price of $5.14 is trading 0.8% above its estimated GF Value™ of $5.10. GuruFocus considers Aspen Aerogels to be Fairly Valued.

Key valuation signals for ASPN:

  • Cyclically Adjusted PS Ratio: 0.97 (48% below median its 10-year median of 1.87)
  • GF Value™: $5.10 vs. price of $5.14 (0.8% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 36.6% above the Construction median (#836 of 1354)

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


Aspen Aerogels Business Description

Address 30 Forbes Road, Building B, Northborough, MA, USA, 01532
Aspen Aerogels Inc is an aerogel technology company that designs, develops, and manufactures high-performance aerogel insulation used in the energy industrial and sustainable insulation markets. The company also conducts research and development related to aerogel technology, supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. It is engaged in two operating segment Energy Industrial and Thermal Barrier. Geographically, it operates in the U.S. and also has a presence in other International countries. It generates the majority of its revenue from the Thermal Barrier segment and the United States market. Some of its products include Pyrogel XTE, Cryogel Z, Spaceloft Subsea, and others.
67GF 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.

$5.14
Price
$5.10
GF Value