Kelsian Group (ASX:KLS) Cyclically Adjusted PS Ratio: 0.84 (As of Jul. 14, 2026) — 10% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

ASX:KLS Kelsian Group Ltd ASX:KLS
92 GF Score
Price A$4.22
GF Value A$6.03
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Kelsian Group Cyclically Adjusted PS Ratio?

Kelsian Group ASX:KLS -1.40% 92 Cyclically Adjusted PS Ratio is 0.84 as of Jul. 14, 2026, which is 10% below its 10-year median of 0.93. GuruFocus rates ASX:KLS with a GF Score™ of 92/100 and a GF Value™ of A$6.03 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 756 Transportation companies, Kelsian Group ranks better than 51.46% on this metric.

As of today (2026-07-14), Kelsian Group's current share price is A$4.22. Kelsian Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 was A$5.00. Kelsian Group's Cyclically Adjusted PS Ratio for today is 0.84.

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

ASX:KLS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.93   Max: 2.03
Current: 0.87

During the past 12 years, Kelsian Group's highest Cyclically Adjusted PS Ratio was 2.03. The lowest was 0.59. And the median was 0.93.

ASX:KLS's Cyclically Adjusted PS Ratio is ranked better than
51.46% of 756 companies
in the Transportation industry
Industry Median: 0.895 vs ASX:KLS: 0.87

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.

Kelsian Group's adjusted revenue per share data of for the fiscal year that ended in Jun25 was A$8.107. 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$5.00 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kelsian Group  (ASX:KLS) 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.


Kelsian Group Cyclically Adjusted PS Ratio Related Terms


Kelsian Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kelsian Group'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.

Kelsian Group Cyclically Adjusted PS Ratio Chart

Kelsian Group 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 2.03 1.20 0.76

Kelsian Group 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 1.20 0.00 0.76 0.00

ASX:KLS vs UNP, CSX, NSC: Cyclically Adjusted PS Ratio Comparison

For the Railroads subindustry, Kelsian Group'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.


Kelsian Group Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Kelsian Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ASX:KLS
92GF Score
Kelsian Group Ltd ASX:KLS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kelsian Group 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.

Kelsian Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.22/5.00
=0.84

* 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.

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

For example, Kelsian Group'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)
=8.107/131.5506*131.5506
=8.107

Current CPI (Jun25) = 131.5506.

Kelsian Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.783 0.000
201706 1.903 0.000
201806 1.985 0.000
201906 2.370 0.000
202006 3.719 0.000
202106 5.300 0.000
202206 5.985 0.000
202306 6.077 0.000
202406 7.441 0.000
202506 8.107 131.551 8.107

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 0.84 mean?
Kelsian Group (ASX:KLS) has a Cyclically Adjusted PS Ratio of 0.84 as of Jul. 14, 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 Kelsian Group and its competitors. This is 10% below median its historical median of 0.93. Over the past decade, Kelsian Group's Cyclically Adjusted PS Ratio has ranged from 0.59 to 2.03. According to the industry distribution chart, Kelsian Group ranks #367 out of 756 companies in the Transportation industry, placing it in the top 48.5%.
Is Kelsian Group's Cyclically Adjusted PS Ratio too high?
Kelsian Group's current Cyclically Adjusted PS Ratio of 0.84 is 10% below median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.03. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. Kelsian Group's value of 0.84 is 6.1% below this industry median. Based on the distribution chart, Kelsian Group ranks #367 out of 756 companies in the Transportation industry, which is above the industry midpoint. Overall, Kelsian Group has a GF Score™ of 92/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kelsian Group's Cyclically Adjusted PS Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, Kelsian Group ranks #367 out of 756 companies for Cyclically Adjusted PS Ratio. This puts Kelsian Group in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Kelsian Group's value of 0.84 is 6.1% below this benchmark. Historically, Kelsian Group's own Cyclically Adjusted PS Ratio has ranged from 0.59 to 2.03 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.90, Kelsian Group 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 756 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. Kelsian Group's current Cyclically Adjusted PS Ratio of 0.84 is 6.1% 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 Kelsian Group and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kelsian Group's current Cyclically Adjusted PS Ratio is 0.84, which is 10% below median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kelsian Group stock overvalued right now?
Based on GuruFocus' analysis, Kelsian Group (ASX:KLS) is currently considered Possible Value Trap. The stock's GF Value™ is A$6.03, compared to a current price of A$4.22 — trading 30% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.84, which is 10% below median its 10-year median of 0.93 and 6.1% below the Transportation industry median of 0.90. Kelsian Group's overall GF Score™ is 92/100 with 6 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 Kelsian Group (ASX:KLS), the current Cyclically Adjusted PS Ratio is 0.84 as of Jul. 14, 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 Kelsian Group (ASX:KLS) Overvalued in 2026?

Based on GuruFocus' analysis, Kelsian Group stock appears to be undervalued. The current stock price of A$4.22 is trading 30% below its estimated GF Value™ of A$6.03. GuruFocus considers Kelsian Group to be Possible Value Trap.

Key valuation signals for ASX:KLS:

  • Cyclically Adjusted PS Ratio: 0.84 (10% below median its 10-year median of 0.93)
  • GF Value™: A$6.03 vs. price of A$4.22 (30% below fair value)
  • GF Score™: 92/100 with 6 warning signs
  • Industry Position: 6.1% below the Transportation median (#367 of 756)

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


Kelsian Group Business Description

Other Exchanges CY4:Germany
Address 26 Flinders Street, Level 3, Adelaide, SA, AUS, 5000
Kelsian operates public transport bus services throughout Australia, Singapore, and the UK on behalf of state governments. In the private sector, the group provides commuter transport services to resource companies, corporates, and education providers in Australia and the United States. Kelsian also provides marine transportation and a variety of tourism-related services throughout Australia, including ferry services, leisure cruises, accommodation, bus tours, and packaged holidays. In February 2026, Kelsian announced it had entered into an agreement to divest the leisure-centric tourism assets.
92GF Score

Get the complete analysis for ASX:KLS

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

A$4.22
Price
A$6.03
GF Value