AWTRF (Air Water) Cyclically Adjusted PS Ratio: 0.49 (As of Sep. 01, 2026) — Near Median

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AWTRF Air Water Inc AWTRF
78 GF Score
Price $13.91
GF Value $13.26
Valuation Fairly Valued
! 11 Warning Signs
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What is Air Water Cyclically Adjusted PS Ratio?

Air Water AWTRF -5.69% 78 Cyclically Adjusted PS Ratio is 0.49 as of Sep. 01, 2026, which is 6% below its 10-year median of 0.52. GuruFocus rates AWTRF with a GF Score™ of 78/100 and a GF Value™ of $13.26 (Fairly Valued). The stock has 11 warning signs investors should review. Among 1,269 Chemicals companies, Air Water ranks better than 76.04% on this metric.

As of today (2026-09-01), Air Water's current share price is $13.91. Air Water's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was $28.40. Air Water's Cyclically Adjusted PS Ratio for today is 0.49.

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

AWTRF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.52   Max: 0.87
Current: 0.57

During the past 13 years, Air Water's highest Cyclically Adjusted PS Ratio was 0.87. The lowest was 0.38. And the median was 0.52.

AWTRF's Cyclically Adjusted PS Ratio is ranked better than
76.04% of 1269 companies
in the Chemicals industry
Industry Median: 1.34 vs AWTRF: 0.57

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.

Air Water's adjusted revenue per share data of for the fiscal year that ended in Mar26 was $27.855. 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 $28.40 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Air Water  (OTCPK:AWTRF) 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

AWTRF 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.


AWTRF
78GF Score
Air Water Inc AWTRF
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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.91/28.40
=0.49

* 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'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.

What does a Cyclically Adjusted PS Ratio of 0.49 mean?
Air Water (AWTRF) has a Cyclically Adjusted PS Ratio of 0.49 as of Sep. 01, 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 Air Water and its competitors. This is near median its historical median of 0.52. Over the past decade, Air Water's Cyclically Adjusted PS Ratio has ranged from 0.38 to 0.87. According to the industry distribution chart, Air Water ranks #304 out of 1269 companies in the Chemicals industry, placing it in the top 24%.
Is Air Water's Cyclically Adjusted PS Ratio too high?
Air Water's current Cyclically Adjusted PS Ratio of 0.49 is near median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 0.87. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.34. Air Water's value of 0.49 is 63.4% below this industry median. Based on the distribution chart, Air Water ranks #304 out of 1269 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Air Water has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Water's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Water ranks #304 out of 1269 companies for Cyclically Adjusted PS Ratio. This places Air Water in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.34. Air Water's value of 0.49 is 63.4% below this benchmark. Historically, Air Water's own Cyclically Adjusted PS Ratio has ranged from 0.38 to 0.87 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 1.34, Air Water 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.34, based on 1,269 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. Air Water's current Cyclically Adjusted PS Ratio of 0.49 is 63.4% 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 Air Water and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Water's current Cyclically Adjusted PS Ratio is 0.49, which is near median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Water stock overvalued right now?
Based on GuruFocus' analysis, Air Water (AWTRF) is currently considered Fairly Valued. The stock's GF Value™ is $13.26, compared to a current price of $13.91 — trading 4.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.49, which is near median its 10-year median of 0.52 and 63.4% below the Chemicals industry median of 1.34. Air Water's overall GF Score™ is 78/100 with 11 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 Air Water (AWTRF), the current Cyclically Adjusted PS Ratio is 0.49 as of Sep. 01, 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 Air Water (AWTRF) Overvalued in 2026?

Based on GuruFocus' analysis, Air Water stock appears to be overvalued. The current stock price of $13.91 is trading 4.9% above its estimated GF Value™ of $13.26. GuruFocus considers Air Water to be Fairly Valued.

Key valuation signals for AWTRF:

  • Cyclically Adjusted PS Ratio: 0.49 (near median its 10-year median of 0.52)
  • GF Value™: $13.26 vs. price of $13.91 (4.9% above fair value)
  • GF Score™: 78/100 with 11 warning signs
  • Industry Position: 63.4% below the Chemicals median (#304 of 1269)

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


Air Water Business Description

Other Exchanges 4088:Japan0AW:Germany
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.
78GF Score

Get the complete analysis for AWTRF

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

$13.91
Price
$13.26
GF Value