Armstrong World Industries (BSP:AWII34) Cyclically Adjusted PS Ratio: 6.34 (As of Aug. 10, 2026) — 120% Above 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.

BSP:AWII34 Armstrong World Industries Inc BSP:AWII34
76 GF Score
Price R$952.50
GF Value R$893.06
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Armstrong World Industries Cyclically Adjusted PS Ratio?

Armstrong World Industries BSP:AWII34 +0.78% 76 Cyclically Adjusted PS Ratio is 6.34 as of Aug. 10, 2026, which is 120% above its 10-year median of 2.88. GuruFocus rates BSP:AWII34 with a GF Score™ of 76/100 and a GF Value™ of R$893.06 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,377 Construction companies, Armstrong World Industries ranks worse than 94.26% on this metric.

As of today (2026-08-10), Armstrong World Industries's current share price is R$952.50. Armstrong World Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$150.12. Armstrong World Industries's Cyclically Adjusted PS Ratio for today is 6.34.

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

BSP:AWII34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.89   Med: 2.88   Max: 7.69
Current: 6.4

During the past years, Armstrong World Industries's highest Cyclically Adjusted PS Ratio was 7.69. The lowest was 0.89. And the median was 2.88.

BSP:AWII34's Cyclically Adjusted PS Ratio is ranked worse than
94.26% of 1377 companies
in the Construction industry
Industry Median: 0.71 vs BSP:AWII34: 6.40

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.

Armstrong World Industries's adjusted revenue per share data for the three months ended in Jun. 2026 was R$56.641. 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 R$150.12 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Armstrong World Industries  (BSP:AWII34) 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.


Armstrong World Industries Cyclically Adjusted PS Ratio Related Terms


Armstrong World Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Armstrong World Industries'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.

Armstrong World Industries Cyclically Adjusted PS Ratio Chart

Armstrong World Industries 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 4.22 2.57 3.96 5.49 6.93

Armstrong World Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.23 7.42 6.93 5.82 5.54

BSP:AWII34 vs FBIN, BLDR, AAON: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Armstrong World Industries'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.


Armstrong World Industries Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Armstrong World Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Armstrong World Industries's Cyclically Adjusted PS Ratio falls into.


BSP:AWII34
76GF Score
Armstrong World Industries Inc BSP:AWII34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Armstrong World Industries 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.

Armstrong World Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=952.50/150.12
=6.34

* 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.

Armstrong World Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Armstrong World Industries's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=56.641/333.9520*333.9520
=56.641

Current CPI (Jun. 2026) = 333.9520.

Armstrong World Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 19.455 241.428 26.911
201612 -6.078 241.432 -8.407
201703 12.613 243.801 17.277
201706 13.844 244.955 18.874
201709 13.695 246.819 18.530
201712 13.101 246.524 17.747
201803 13.853 249.554 18.538
201806 17.823 251.989 23.620
201809 20.623 252.439 27.282
201812 18.555 251.233 24.664
201903 18.785 254.202 24.678
201906 21.059 256.143 27.456
201909 23.061 256.759 29.994
201912 20.598 256.974 26.768
202003 25.317 258.115 32.755
202006 21.964 257.797 28.452
202009 27.709 260.280 35.552
202012 25.638 260.474 32.870
202103 29.573 264.877 37.285
202106 29.272 271.696 35.979
202109 32.270 274.310 39.286
202112 33.561 278.802 40.200
202203 29.795 287.504 34.609
202206 34.696 296.311 39.104
202209 36.967 296.808 41.593
202212 35.104 296.797 39.499
202303 35.510 301.836 39.288
202306 35.098 305.109 38.416
202309 38.458 307.789 41.727
202312 34.620 306.746 37.691
202403 36.846 312.332 39.397
202406 44.692 314.175 47.505
202409 48.768 315.301 51.653
202412 50.985 315.605 53.949
202503 50.311 319.799 52.538
202506 53.884 322.561 55.787
202509 52.302 324.800 53.776
202512 48.925 324.054 50.419
202603 49.621 330.213 50.183
202606 56.641 333.952 56.641

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 6.34 mean?
Armstrong World Industries (BSP:AWII34) has a Cyclically Adjusted PS Ratio of 6.34 as of Aug. 10, 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 Armstrong World Industries and its competitors. This is 120% above median its historical median of 2.88. Over the past decade, Armstrong World Industries' Cyclically Adjusted PS Ratio has ranged from 0.89 to 7.69. According to the industry distribution chart, Armstrong World Industries ranks #1298 out of 1377 companies in the Construction industry, placing it in the top 94.3%.
Is Armstrong World Industries' Cyclically Adjusted PS Ratio too high?
Armstrong World Industries' current Cyclically Adjusted PS Ratio of 6.34 is 120% above median its 10-year median of 2.88. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 7.69. The Construction industry median Cyclically Adjusted PS Ratio is 0.71. Armstrong World Industries' value of 6.34 is 793% above this industry median. Based on the distribution chart, Armstrong World Industries ranks #1298 out of 1377 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Armstrong World Industries has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Armstrong World Industries' Cyclically Adjusted PS Ratio compare to FBIN and BLDR?
According to the Construction industry distribution chart, Armstrong World Industries ranks #1298 out of 1377 companies for Cyclically Adjusted PS Ratio. This places Armstrong World Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.71. Armstrong World Industries' value of 6.34 is 793% above this benchmark. Historically, Armstrong World Industries' own Cyclically Adjusted PS Ratio has ranged from 0.89 to 7.69 over the past decade. While the company's 10-year median is 2.88 vs. the industry median of 0.71, Armstrong World Industries 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.71, based on 1,377 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. Armstrong World Industries's current Cyclically Adjusted PS Ratio of 6.34 is 793% 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 Armstrong World Industries and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armstrong World Industries's current Cyclically Adjusted PS Ratio is 6.34, which is 120% above median its own 10-year median of 2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armstrong World Industries stock overvalued right now?
Based on GuruFocus' analysis, Armstrong World Industries (BSP:AWII34) is currently considered Fairly Valued. The stock's GF Value™ is R$893.06, compared to a current price of R$952.50 — trading 6.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.34, which is 120% above median its 10-year median of 2.88 and 793% above the Construction industry median of 0.71. Armstrong World Industries' overall GF Score™ is 76/100 with 1 warning sign 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 Armstrong World Industries (BSP:AWII34), the current Cyclically Adjusted PS Ratio is 6.34 as of Aug. 10, 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 Armstrong World Industries (BSP:AWII34) Overvalued in 2026?

Based on GuruFocus' analysis, Armstrong World Industries stock appears to be overvalued. The current stock price of R$952.50 is trading 6.7% above its estimated GF Value™ of R$893.06. GuruFocus considers Armstrong World Industries to be Fairly Valued.

Key valuation signals for BSP:AWII34:

  • Cyclically Adjusted PS Ratio: 6.34 (120% above median its 10-year median of 2.88)
  • GF Value™: R$893.06 vs. price of R$952.50 (6.7% above fair value)
  • GF Score™: 76/100 with 1 warning sign
  • Industry Position: 793% above the Construction median (#1298 of 1377)

No single metric tells the full story. See the BSP:AWII34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Armstrong World Industries Business Description

Other Exchanges AWI:USA
Address 2500 Columbia Avenue, Lancaster, PA, USA, 17603
Armstrong World Industries Inc designs and manufactures exterior architectural applications, including ceilings, specialty walls, and exterior metal solutions, using materials such as mineral fiber, fiberglass, metal, felt, architectural resin and glass, wood, wood fiber, and glass-reinforced-gypsum. Its segments include Mineral Fiber, which produces suspended mineral fiber and fiberglass ceiling systems and includes results from the Worthington Armstrong Venture (WAVE) for ceiling suspension system (grid) products; Architectural Specialties, which designs, produces, and sources specialty ceilings, walls, and other architectural applications for commercial settings, with revenues mainly project driven; and Unallocated Corporate. The company operates in the United States and Canada.
76GF Score

Get the complete analysis for BSP:AWII34

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

R$952.50
Price
R$893.06
GF Value