ASPN (Aspen Aerogels) Cyclically Adjusted PS Ratio: (As of Aug. 06, 2026)

Author: Vera Yuan Vera Yuan
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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.

ASPN Aspen Aerogels Inc ASPN
68 GF Score
Price $6.61
GF Value $5.01
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Aspen Aerogels Cyclically Adjusted PS Ratio?

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
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 1.06 1.25 0.53 0.64 0.00

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

For the Specialty Chemicals 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 Chemicals Industry

For the Chemicals industry and Basic Materials 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
68GF 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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Aspen Aerogels'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)
=0.601/333.9520*333.9520
=0.601

Current CPI (Jun. 2026) = 333.9520.

Aspen Aerogels Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.276 241.428 1.765
201612 1.191 241.432 1.647
201703 0.989 243.801 1.355
201706 1.073 244.955 1.463
201709 1.160 246.819 1.570
201712 1.548 246.524 2.097
201803 0.979 249.554 1.310
201806 0.913 251.989 1.210
201809 1.005 252.439 1.330
201812 1.497 251.233 1.990
201903 1.166 254.202 1.532
201906 1.224 256.143 1.596
201909 1.466 256.759 1.907
201912 1.924 256.974 2.500
202003 1.128 258.115 1.459
202006 0.929 257.797 1.203
202009 0.905 260.280 1.161
202012 0.851 260.474 1.091
202103 1.004 264.877 1.266
202106 1.111 271.696 1.366
202109 0.934 274.310 1.137
202112 0.963 278.802 1.153
202203 1.166 287.504 1.354
202206 1.296 296.311 1.461
202209 0.928 296.808 1.044
202212 1.209 296.797 1.360
202303 0.659 301.836 0.729
202306 0.695 305.109 0.761
202309 0.876 307.789 0.950
202312 1.203 306.746 1.310
202403 1.247 312.332 1.333
202406 1.491 314.175 1.585
202409 1.539 315.301 1.630
202412 1.469 315.605 1.554
202503 0.959 319.799 1.001
202506 0.949 322.561 0.983
202509 0.886 324.800 0.911
202512 0.500 324.054 0.515
202603 0.458 330.213 0.463
202606 0.601 333.952 0.601

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 Aspen Aerogels (ASPN) Overvalued in 2026?

Based on GuruFocus' analysis, Aspen Aerogels stock appears to be overvalued. The current stock price of $6.61 is trading 31.8% above its estimated GF Value™ of $5.01. GuruFocus considers Aspen Aerogels to be Significantly Overvalued.

Key valuation signals for ASPN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $5.01 vs. price of $6.61 (31.8% above fair value)
  • GF Score™: 68/100 with 4 warning signs

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.
68GF Score

Get the complete analysis for ASPN

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

$6.61
Price
$5.01
GF Value