AWATY (Air Water) Cyclically Adjusted PS Ratio: (As of Aug. 16, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

AWATY Air Water Inc AWATY
63 GF Score
Price $15.94
GF Value $12.88
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Air Water Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Air Water  (OTCPK:AWATY) 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.


Air Water Cyclically Adjusted PS Ratio Related Terms


Air Water Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Air Water'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.

Air Water Cyclically Adjusted PS Ratio Chart

Air Water Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.43 0.59 0.44 0.48

Air Water Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.59 0.48 0.44 0.58 0.48

AWATY vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Air Water'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.


Air Water Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Air Water's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


AWATY
63GF Score
Air Water Inc AWATY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Air Water 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.

Air Water's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Air Water's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=27.855/112.7000*112.7000
=27.855

Current CPI (Mar26) = 112.7000.

Air Water Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 30.387 98.100 34.909
201803 36.335 99.200 41.280
201903 34.086 99.700 38.531
202003 36.351 100.300 40.845
202103 32.765 99.900 36.963
202203 33.099 101.100 36.897
202303 33.091 104.400 35.722
202403 29.987 107.200 31.526
202503 31.542 111.100 31.996
202603 27.855 112.700 27.855

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 Air Water (AWATY) Overvalued in 2026?

Based on GuruFocus' analysis, Air Water stock appears to be overvalued. The current stock price of $15.94 is trading 23.8% above its estimated GF Value™ of $12.88. GuruFocus considers Air Water to be Modestly Overvalued.

Key valuation signals for AWATY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $12.88 vs. price of $15.94 (23.8% above fair value)
  • GF Score™: 63/100 with 11 warning signs

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


Air Water Business Description

Address 2-12-8 Minamisenba, Chuo-ku, Osaka, JPN, 542-0081
Air Water Inc is a diversified conglomerate engaged in the supply of industrial gases and various other businesses and services. The company operates through five segments. The Agri & Foods segment covers the processing and distribution of fruits and vegetables, frozen foods, meat products, and contract manufacturing of beverages. The Digital & Industry segment focuses on industrial gases, electrical, and functional materials. The Energy Solutions segment deals with LP gas, kerosene, and related equipment. The Health & Safety segment provides medical gases, dental and protective materials, hospital equipment, and home medical care services. The Other Businesses segment includes logistics, salt production, overseas industrial gas operations, biomass power, and high-output UPS solutions.
63GF Score

Get the complete analysis for AWATY

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

$15.94
Price
$12.88
GF Value