CodanASX:CDA +0.55%85 Cyclically Adjusted PS Ratio is 18.05 as of Jul. 07, 2026, which is 271% above its 10-year median of 4.87. GuruFocus rates ASX:CDA with a GF Score™ of 85/100 and a GF Value™ of A$20.88 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,972 Hardware companies, Codan ranks worse than 95.28% on this metric.
As of today (2026-07-07), Codan's current share price is A$43.69. Codan's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 was A$2.42. Codan's Cyclically Adjusted PS Ratio for today is 18.05.
The historical rank and industry rank for Codan's Cyclically Adjusted PS Ratio or its related term are showing as below:
ASX:CDA'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.09 Med: 4.87 Max: 18.18
Current: 17.99
During the past 13 years, Codan's highest Cyclically Adjusted PS Ratio was 18.18. The lowest was 1.09. And the median was 4.87.
ASX:CDA's Cyclically Adjusted PS Ratio is ranked worse than 95.28% of 1972
companies
in the Hardware industry
Industry Median: 1.49
vs ASX:CDA: 17.99
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.
Codan's adjusted revenue per share data of for the fiscal year that ended in Jun25 was A$3.700. 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$2.42 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Codan (ASX:CDA) 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.
Codan Cyclically Adjusted PS Ratio Related Terms
Codan Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Codan'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.
ASX:CDA vs COHR, KEYS, GRMN: Cyclically Adjusted PS Ratio Comparison
For the Scientific & Technical Instruments subindustry, Codan'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.
Codan Cyclically Adjusted PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Codan's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Codan's Cyclically Adjusted PS Ratio falls into.
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.
Codan's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 18.05 mean?
Codan (ASX:CDA) has a Cyclically Adjusted PS Ratio of 18.05 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 Codan and its competitors. This is 271% above median its historical median of 4.87. Over the past decade, Codan's Cyclically Adjusted PS Ratio has ranged from 1.09 to 18.18. According to the industry distribution chart, Codan ranks #1879 out of 1972 companies in the Hardware industry, placing it in the top 95.3%.
Is Codan's Cyclically Adjusted PS Ratio too high?
Codan's current Cyclically Adjusted PS Ratio of 18.05 is 271% above median its 10-year median of 4.87. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 18.18. The Hardware industry median Cyclically Adjusted PS Ratio is 1.49. Codan's value of 18.05 is 1111.4% above this industry median. Based on the distribution chart, Codan ranks #1879 out of 1972 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Codan has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Codan's Cyclically Adjusted PS Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Codan ranks #1879 out of 1972 companies for Cyclically Adjusted PS Ratio. This places Codan in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.49. Codan's value of 18.05 is 1111.4% above this benchmark. Historically, Codan's own Cyclically Adjusted PS Ratio has ranged from 1.09 to 18.18 over the past decade. While the company's 10-year median is 4.87 vs. the industry median of 1.49, Codan 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.49, based on 1,972 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. Codan's current Cyclically Adjusted PS Ratio of 18.05 is 1111.4% 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 Codan and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codan's current Cyclically Adjusted PS Ratio is 18.05, which is 271% above median its own 10-year median of 4.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codan stock overvalued right now?
Based on GuruFocus' analysis, Codan (ASX:CDA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$20.88, compared to a current price of A$43.69 — trading 109.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 18.05, which is 271% above median its 10-year median of 4.87 and 1111.4% above the Hardware industry median of 1.49. Codan's overall GF Score™ is 85/100 with 7 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 Codan (ASX:CDA), the current Cyclically Adjusted PS Ratio is 18.05 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 Codan (ASX:CDA) Overvalued in 2026?
Based on GuruFocus' analysis, Codan stock appears to be overvalued.
The current stock price of A$43.69 is trading 109.2% above its estimated GF Value™ of A$20.88.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
Cyclically Adjusted PS Ratio: 18.05 (271% above median its 10-year median of 4.87)
GF Value™: A$20.88 vs. price of A$43.69 (109.2% above fair value)
Industry Position: 1111.4% above the Hardware median (#1879 of 1972)
No single metric tells the full story. See the ASX:CDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth is from Europe.
85GF Score
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