BKWAF (BKW AG) Cyclically Adjusted PS Ratio: 2.46 (As of Jul. 14, 2026) — 20% Above Median

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BKWAF BKW AG BKWAF
85 GF Score
Price $203.65
GF Value $183.30
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is BKW AG Cyclically Adjusted PS Ratio?

BKW AG BKWAF +2.50% 85 Cyclically Adjusted PS Ratio is 2.46 as of Jul. 14, 2026, which is 20% above its 10-year median of 2.05. GuruFocus rates BKWAF with a GF Score™ of 85/100 and a GF Value™ of $183.30 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 269 Utilities - Independent Power Producers companies, BKW AG ranks worse than 54.65% on this metric.

As of today (2026-07-14), BKW AG's current share price is $203.65. BKW AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was $82.88. BKW AG's Cyclically Adjusted PS Ratio for today is 2.46.

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

BKWAF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.92   Med: 2.05   Max: 2.85
Current: 1.97

During the past 13 years, BKW AG's highest Cyclically Adjusted PS Ratio was 2.85. The lowest was 0.92. And the median was 2.05.

BKWAF's Cyclically Adjusted PS Ratio is ranked worse than
54.65% of 269 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.65 vs BKWAF: 1.97

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.

BKW AG's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $99.999. 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 $82.88 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


BKW AG  (OTCPK:BKWAF) 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.


BKW AG Cyclically Adjusted PS Ratio Related Terms


BKW AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BKW AG'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.

BKW AG Cyclically Adjusted PS Ratio Chart

BKW AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.25 2.19 2.44 2.33 2.50

BKW AG 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 2.44 0.00 2.33 0.00 2.50

BKW AG Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, BKW AG'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.


BKW AG Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, BKW AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKWAF
85GF Score
BKW AG BKWAF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BKW AG 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.

BKW AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=203.65/82.88
=2.46

* 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.

BKW AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, BKW AG's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=99.999/107.2000*107.2000
=99.999

Current CPI (Dec25) = 107.2000.

BKW AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 42.603 99.380 45.956
201712 44.992 100.213 48.129
201812 48.260 100.906 51.270
201912 52.316 101.063 55.493
202012 62.657 100.241 67.007
202112 69.560 101.776 73.267
202212 103.033 104.666 105.527
202312 93.641 106.461 94.291
202412 96.744 107.128 96.809
202512 99.999 107.200 99.999

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 2.46 mean?
BKW AG (BKWAF) has a Cyclically Adjusted PS Ratio of 2.46 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 BKW AG and its competitors. This is 20% above median its historical median of 2.05. Over the past decade, BKW AG's Cyclically Adjusted PS Ratio has ranged from 0.92 to 2.85. According to the industry distribution chart, BKW AG ranks #147 out of 269 companies in the Utilities - Independent Power Producers industry, placing it in the top 54.6%.
Is BKW AG's Cyclically Adjusted PS Ratio too high?
BKW AG's current Cyclically Adjusted PS Ratio of 2.46 is 20% above median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 2.85. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.65. BKW AG's value of 2.46 is 49.1% above this industry median. Based on the distribution chart, BKW AG ranks #147 out of 269 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, BKW AG has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BKW AG's Cyclically Adjusted PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, BKW AG ranks #147 out of 269 companies for Cyclically Adjusted PS Ratio. This places BKW AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.65. BKW AG's value of 2.46 is 49.1% above this benchmark. Historically, BKW AG's own Cyclically Adjusted PS Ratio has ranged from 0.92 to 2.85 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 1.65, BKW AG 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.65, based on 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. BKW AG's current Cyclically Adjusted PS Ratio of 2.46 is 49.1% 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 BKW AG and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BKW AG's current Cyclically Adjusted PS Ratio is 2.46, which is 20% above median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BKW AG stock overvalued right now?
Based on GuruFocus' analysis, BKW AG (BKWAF) is currently considered Modestly Overvalued. The stock's GF Value™ is $183.30, compared to a current price of $203.65 — trading 11.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.46, which is 20% above median its 10-year median of 2.05 and 49.1% above the Utilities - Independent Power Producers industry median of 1.65. BKW AG's overall GF Score™ is 85/100 with 3 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 BKW AG (BKWAF), the current Cyclically Adjusted PS Ratio is 2.46 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 BKW AG (BKWAF) Overvalued in 2026?

Based on GuruFocus' analysis, BKW AG stock appears to be overvalued. The current stock price of $203.65 is trading 11.1% above its estimated GF Value™ of $183.30. GuruFocus considers BKW AG to be Modestly Overvalued.

Key valuation signals for BKWAF:

  • Cyclically Adjusted PS Ratio: 2.46 (20% above median its 10-year median of 2.05)
  • GF Value™: $183.30 vs. price of $203.65 (11.1% above fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 49.1% above the Utilities - Independent Power Producers median (#147 of 269)

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


BKW AG Business Description

Address Viktoriaplatz 2, Bern, CHE, 3013
BKW AG is an international energy and infrastructure company, offering integrated solutions in the fields of energy, buildings, and infrastructure. It operates in three reportable business segments: Energy Solutions, Power Grid, and Infrastructure and Buildings. Maximum revenue is generated from the Energy Solutions segment, which builds, operates, and maintains BKW's portfolio of power plants in Switzerland and abroad. It also includes the sale of energy in Switzerland, trading in electricity, certificates, and raw materials, as well as wind, solar, and smart energy services. Geographically, the group generates maximum revenue from its business in Switzerland, followed by Germany, Italy, France, and other countries.
85GF Score

Get the complete analysis for BKWAF

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

$203.65
Price
$183.30
GF Value