Adairs (ASX:ADH) Cyclically Adjusted PS Ratio: 0.48 (As of Jul. 15, 2026) — 35% Below Median

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ASX:ADH Adairs Ltd ASX:ADH
81 GF Score
Price A$1.42
GF Value A$2.12
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Adairs Cyclically Adjusted PS Ratio?

Adairs ASX:ADH 81 Cyclically Adjusted PS Ratio is 0.48 as of Jul. 15, 2026, which is 35% below its 10-year median of 0.74. GuruFocus rates ASX:ADH with a GF Score™ of 81/100 and a GF Value™ of A$2.12 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 793 Retail - Cyclical companies, Adairs ranks worse than 50.32% on this metric.

As of today (2026-07-15), Adairs's current share price is A$1.415. Adairs's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 was A$2.96. Adairs's Cyclically Adjusted PS Ratio for today is 0.48.

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

ASX:ADH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.74   Max: 1.05
Current: 0.5

During the past 11 years, Adairs's highest Cyclically Adjusted PS Ratio was 1.05. The lowest was 0.41. And the median was 0.74.

ASX:ADH's Cyclically Adjusted PS Ratio is ranked worse than
50.32% of 793 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs ASX:ADH: 0.50

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.

Adairs's adjusted revenue per share data of for the fiscal year that ended in Jun25 was A$3.466. 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 A$2.96 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adairs  (ASX:ADH) 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.


Adairs Cyclically Adjusted PS Ratio Related Terms


Adairs Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Adairs'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.

Adairs Cyclically Adjusted PS Ratio Chart

Adairs Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.67 0.71

Adairs Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.67 0.00 0.71 0.00

ASX:ADH vs CASY, WSM, DKS: Cyclically Adjusted PS Ratio Comparison

For the Specialty Retail subindustry, Adairs'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.


Adairs Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Adairs's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ASX:ADH
81GF Score
Adairs Ltd ASX:ADH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adairs 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.

Adairs's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.415/2.96
=0.48

* 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.

Adairs's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Adairs's adjusted Revenue per Share data for the fiscal year that ended in Jun25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=3.466/131.5506*131.5506
=3.466

Current CPI (Jun25) = 131.5506.

Adairs Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.526 0.000
201706 1.597 0.000
201806 1.885 0.000
201906 2.076 0.000
202006 2.282 0.000
202106 2.862 0.000
202206 3.257 0.000
202306 3.596 0.000
202406 3.384 0.000
202506 3.466 131.551 3.466

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 0.48 mean?
Adairs (ASX:ADH) has a Cyclically Adjusted PS Ratio of 0.48 as of Jul. 15, 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 Adairs and its competitors. This is 35% below median its historical median of 0.74. Over the past decade, Adairs' Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.05. According to the industry distribution chart, Adairs ranks #399 out of 793 companies in the Retail - Cyclical industry, placing it in the top 50.3%.
Is Adairs' Cyclically Adjusted PS Ratio too high?
Adairs' current Cyclically Adjusted PS Ratio of 0.48 is 35% below median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.05. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. Adairs' value of 0.48 is 2% below this industry median. Based on the distribution chart, Adairs ranks #399 out of 793 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Adairs has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Adairs' Cyclically Adjusted PS Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Adairs ranks #399 out of 793 companies for Cyclically Adjusted PS Ratio. This places Adairs in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. Adairs' value of 0.48 is 2% below this benchmark. Historically, Adairs' own Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.05 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.49, Adairs 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 793 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. Adairs's current Cyclically Adjusted PS Ratio of 0.48 is 2% 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 Adairs and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adairs's current Cyclically Adjusted PS Ratio is 0.48, which is 35% below median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adairs stock overvalued right now?
Based on GuruFocus' analysis, Adairs (ASX:ADH) is currently considered Possible Value Trap. The stock's GF Value™ is A$2.12, compared to a current price of A$1.42 — trading 33.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.48, which is 35% below median its 10-year median of 0.74 and 2% below the Retail - Cyclical industry median of 0.49. Adairs' overall GF Score™ is 81/100 with 8 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 Adairs (ASX:ADH), the current Cyclically Adjusted PS Ratio is 0.48 as of Jul. 15, 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 Adairs (ASX:ADH) Overvalued in 2026?

Based on GuruFocus' analysis, Adairs stock appears to be undervalued. The current stock price of A$1.42 is trading 33.3% below its estimated GF Value™ of A$2.12. GuruFocus considers Adairs to be Possible Value Trap.

Key valuation signals for ASX:ADH:

  • Cyclically Adjusted PS Ratio: 0.48 (35% below median its 10-year median of 0.74)
  • GF Value™: A$2.12 vs. price of A$1.42 (33.3% below fair value)
  • GF Score™: 81/100 with 8 warning signs
  • Industry Position: 2% below the Retail - Cyclical median (#399 of 793)

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


Adairs Business Description

Other Exchanges 1FQ:Germany
Address 1 Middle Road, Level 9, Chadstone, VIC, AUS, 3148
Adairs Ltd is engaged in the retailing of homewares and home furnishings in Australia and New Zealand. The company's product range includes categories, such as quilt covers and coverlets, sheets, cotton flannelette, pillowcases, quilts, pillows, mattress protectors, pillow protectors, blankets, nursery products, valances, bed wraps, bedspreads, and slippers, kids beach products and towels, cushions, throws, gifts and toys, wall arts, rugs, laundry, and home care products, chairs, bedheads, storage and shelves, ottomans and bench seats, and tables, as well as pots and plants, baskets, throws, home decor, and fragrance products, mirrors, lighting products, and tableware and pets products. Its operating segments are Adairs, Focus on Furniture, and Mocka.
81GF Score

Get the complete analysis for ASX:ADH

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

A$1.42
Price
A$2.12
GF Value