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AzulBSP:AZUL3 -1.92%19 Cyclically Adjusted PS Ratio is 0.49 as of Aug. 09, 2026, which is 46% below its 10-year median of 0.90. GuruFocus rates BSP:AZUL3 with a GF Score™ of 19/100. The stock has 6 warning signs investors should review. Among 764 Transportation companies, Azul ranks better than 68.98% on this metric.
As of today (2026-08-09), Azul's current share price is R$21.48. Azul's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$44.27. Azul's Cyclically Adjusted PS Ratio for today is 0.49.
The historical rank and industry rank for Azul's Cyclically Adjusted PS Ratio or its related term are showing as below:
BSP:AZUL3'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.9 Max: 4312918.85
Current: 0.49
During the past years, Azul's highest Cyclically Adjusted PS Ratio was 4312918.85. The lowest was 0.48. And the median was 0.90.
BSP:AZUL3's Cyclically Adjusted PS Ratio is ranked better than 68.98% of 764
companies
in the Transportation industry
Industry Median: 0.92
vs BSP:AZUL3: 0.49
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.
Azul's adjusted revenue per share data for the three months ended in Mar. 2026 was R$12.465. 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$44.27 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Azul (BSP:AZUL3) 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.
Azul Cyclically Adjusted PS Ratio Related Terms
Azul Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Azul'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.
BSP:AZUL3 vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison
For the Airlines subindustry, Azul'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.
Azul Cyclically Adjusted PS Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Azul's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Azul's Cyclically Adjusted PS Ratio falls into.
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.
Azul's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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?
Azul (BSP:AZUL3) has a Cyclically Adjusted PS Ratio of 0.49 as of Aug. 09, 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 Azul and its competitors. This is 46% below median its historical median of 0.90. Over the past decade, Azul's Cyclically Adjusted PS Ratio has ranged from 0.48 to 4,312,918.85. According to the industry distribution chart, Azul ranks #237 out of 764 companies in the Transportation industry, placing it in the top 31%.
Is Azul's Cyclically Adjusted PS Ratio too high?
Azul's current Cyclically Adjusted PS Ratio of 0.49 is 46% below median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 4,312,918.85. The Transportation industry median Cyclically Adjusted PS Ratio is 0.92. Azul's value of 0.49 is 46.7% below this industry median. Based on the distribution chart, Azul ranks #237 out of 764 companies in the Transportation industry, which is above the industry midpoint. Overall, Azul has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Azul's Cyclically Adjusted PS Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Azul ranks #237 out of 764 companies for Cyclically Adjusted PS Ratio. This puts Azul in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.92. Azul's value of 0.49 is 46.7% below this benchmark. Historically, Azul's own Cyclically Adjusted PS Ratio has ranged from 0.48 to 4,312,918.85 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.92, Azul 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 0.92, based on 764 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. Azul's current Cyclically Adjusted PS Ratio of 0.49 is 46.7% 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 Azul and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azul's current Cyclically Adjusted PS Ratio is 0.49, which is 46% below median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azul stock overvalued right now?
Azul (BSP:AZUL3) has a current Cyclically Adjusted PS Ratio of 0.49. The current Cyclically Adjusted PS Ratio is 0.49, which is 46% below median its 10-year median of 0.90 and 46.7% below the Transportation industry median of 0.92. Azul's overall GF Score™ is 19/100 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 Azul (BSP:AZUL3), the current Cyclically Adjusted PS Ratio is 0.49 as of Aug. 09, 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.
Azul SA is involved in the operation of regular and non-regular airline passenger services, cargo or mail, passenger charter, provision of maintenance and hangarage services for aircraft, engines, parts and pieces, aircraft acquisition and lease, development of frequent-flyer programs, development of related activities, and equity holding in other companies. The company generates the majority of its revenue from Air transport and a small portion of its revenue from Ancillary revenues.
19GF Score
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