Baker Hughes Co (BSP:B1KR34) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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.
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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:B1KR34 Baker Hughes Co BSP:B1KR34
53 GF Score
Price R$291.74
GF Value R$224.78
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Baker Hughes Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Baker Hughes Co  (BSP:B1KR34) 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.


Baker Hughes Co Cyclically Adjusted PS Ratio Related Terms


Baker Hughes Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Baker Hughes Co'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.

Baker Hughes Co Cyclically Adjusted PS Ratio Chart

Baker Hughes Co 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 0.91 0.96 1.01 1.49 1.44

Baker Hughes Co 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 1.24 1.58 1.45 1.87 1.67

BSP:B1KR34 vs SLB, HAL, FTI: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Baker Hughes Co'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.


Baker Hughes Co Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Baker Hughes Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Baker Hughes Co's Cyclically Adjusted PS Ratio falls into.


BSP:B1KR34
53GF Score
Baker Hughes Co BSP:B1KR34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Baker Hughes Co 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.

Baker Hughes Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Baker Hughes Co'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)
=34.172/333.9520*333.9520
=34.172

Current CPI (Jun. 2026) = 333.9520.

Baker Hughes Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 23.199 241.428 32.090
201612 27.348 241.432 37.828
201703 22.607 243.801 30.966
201706 22.745 244.955 31.009
201709 39.232 246.819 53.082
201712 44.624 246.524 60.450
201803 41.534 249.554 55.581
201806 48.291 251.989 63.998
201809 54.016 252.439 71.458
201812 50.977 251.233 67.761
201903 40.998 254.202 53.860
201906 45.629 256.143 59.490
201909 43.150 256.759 56.123
201912 40.011 256.974 51.997
202003 37.089 258.115 47.986
202006 38.865 257.797 50.346
202009 40.173 260.280 51.544
202012 41.378 260.474 53.050
202103 35.409 264.877 44.643
202106 33.823 271.696 41.573
202109 31.063 274.310 37.817
202112 34.031 278.802 40.763
202203 26.656 287.504 30.962
202206 24.818 296.311 27.971
202209 27.939 296.808 31.435
202212 30.774 296.797 34.626
202303 29.153 301.836 32.255
202306 30.830 305.109 33.744
202309 31.876 307.789 34.586
202312 33.544 306.746 36.519
202403 31.652 312.332 33.843
202406 37.156 314.175 39.495
202409 38.347 315.301 40.615
202412 43.033 315.605 45.535
202503 37.622 319.799 39.287
202506 39.520 322.561 40.916
202509 38.504 324.800 39.589
202512 40.088 324.054 41.312
202603 34.762 330.213 35.156
202606 34.172 333.952 34.172

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 Baker Hughes Co (BSP:B1KR34) Overvalued in 2026?

Based on GuruFocus' analysis, Baker Hughes Co stock appears to be overvalued. The current stock price of R$291.74 is trading 29.8% above its estimated GF Value™ of R$224.78. GuruFocus considers Baker Hughes Co to be Modestly Overvalued.

Key valuation signals for BSP:B1KR34:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$224.78 vs. price of R$291.74 (29.8% above fair value)
  • GF Score™: 53/100 with 2 warning signs

No single metric tells the full story. See the BSP:B1KR34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Baker Hughes Co Business Description

Industry EnergyOil & Gas
Address 575 North Dairy Ashford Road, Suite 100, Houston, TX, USA, 77079-1121
Following a 2022 reorganization, Baker Hughes operates in two segments: oilfield services and equipment, and industrial and energy technology. The firm's oilfield services and equipment segment is one of the Big Three oilfield-services players, along with SLB and Halliburton, and mostly supplies to hydrocarbon developers and producers, including national oil companies, major integrated firms, and independents. Markets outside of North America buy roughly three-fourths of the segment's offerings. Baker Hughes' industrial and energy technology segment manufactures and sells turbines, compressors, pumps, valves, and related testing and monitoring services for various energy and industrial applications.
53GF Score

Get the complete analysis for BSP:B1KR34

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

R$291.74
Price
R$224.78
GF Value