H&R Block (BSP:H1RB34) Cyclically Adjusted PS Ratio: 0.86 (As of Aug. 09, 2026) — 57% Below Median

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BSP:H1RB34 H&R Block Inc BSP:H1RB34
83 GF Score
Price R$174.78
GF Value R$238.31
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What is H&R Block Cyclically Adjusted PS Ratio?

H&R Block BSP:H1RB34 83 Cyclically Adjusted PS Ratio is 0.86 as of Aug. 09, 2026, which is 57% below its 10-year median of 2.02. GuruFocus rates BSP:H1RB34 with a GF Score™ of 83/100 and a GF Value™ of R$238.31. Among 61 Personal Services companies, H&R Block ranks worse than 72.13% on this metric.

As of today (2026-08-09), H&R Block's current share price is R$174.78. H&R Block's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$203.43. H&R Block's Cyclically Adjusted PS Ratio for today is 0.86.

The historical rank and industry rank for H&R Block's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:H1RB34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.92   Med: 2.02   Max: 3.28
Current: 1.94

During the past years, H&R Block's highest Cyclically Adjusted PS Ratio was 3.28. The lowest was 0.92. And the median was 2.02.

BSP:H1RB34's Cyclically Adjusted PS Ratio is ranked worse than
72.13% of 61 companies
in the Personal Services industry
Industry Median: 0.8 vs BSP:H1RB34: 1.94

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.

H&R Block's adjusted revenue per share data for the three months ended in Mar. 2026 was R$98.121. 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$203.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


H&R Block  (BSP:H1RB34) 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.


H&R Block Cyclically Adjusted PS Ratio Related Terms


H&R Block Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for H&R Block'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.

H&R Block Cyclically Adjusted PS Ratio Chart

H&R Block Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.57 2.13 1.77 2.76 2.56

H&R Block Quarterly Data
Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 2.55 2.56 2.33 2.00 1.34

BSP:H1RB34 vs FTDR, ANDG, BFAM: Cyclically Adjusted PS Ratio Comparison

For the Personal Services subindustry, H&R Block'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.


H&R Block Cyclically Adjusted PS Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, H&R Block's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where H&R Block's Cyclically Adjusted PS Ratio falls into.


BSP:H1RB34
83GF Score
H&R Block Inc BSP:H1RB34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H&R Block 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.

H&R Block's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=174.78/203.43
=0.86

* 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.

H&R Block's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, H&R Block's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=98.121/330.2130*330.2130
=98.121

Current CPI (Mar. 2026) = 330.2130.

H&R Block Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201604 35.698 239.261 49.268
201607 1.861 240.628 2.554
201610 1.941 241.729 2.651
201701 6.935 242.839 9.430
201704 34.388 244.524 46.439
201707 2.120 244.786 2.860
201710 2.151 246.663 2.880
201801 7.502 247.867 9.994
201804 37.980 250.546 50.057
201807 2.672 252.006 3.501
201810 2.724 252.885 3.557
201901 8.513 251.712 11.168
201904 43.668 255.548 56.427
201907 2.812 256.571 3.619
201910 3.314 257.346 4.252
202001 11.106 257.971 14.216
202004 48.530 256.389 62.504
202007 16.332 259.101 20.814
202010 5.238 260.388 6.643
202101 9.019 261.582 11.385
202104 68.428 267.054 84.611
202109 5.710 274.310 6.874
202112 5.180 278.802 6.135
202203 61.953 287.504 71.156
202206 32.456 296.311 36.169
202209 5.925 296.808 6.592
202212 5.664 296.797 6.302
202303 70.101 301.836 76.692
202306 32.631 305.109 35.316
202309 6.206 307.789 6.658
202312 6.165 306.746 6.637
202403 76.869 312.332 81.270
202406 40.369 314.175 42.430
202409 7.713 315.301 8.078
202412 8.059 315.605 8.432
202503 96.888 319.799 100.043
202506 45.463 322.561 46.542
202509 8.309 324.800 8.447
202512 8.572 324.054 8.735
202603 98.121 330.213 98.121

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 0.86 mean?
H&R Block (BSP:H1RB34) has a Cyclically Adjusted PS Ratio of 0.86 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 H&R Block and its competitors. This is 57% below median its historical median of 2.02. Over the past decade, H&R Block's Cyclically Adjusted PS Ratio has ranged from 0.92 to 3.28. According to the industry distribution chart, H&R Block ranks #44 out of 61 companies in the Personal Services industry, placing it in the top 72.1%.
Is H&R Block's Cyclically Adjusted PS Ratio too high?
H&R Block's current Cyclically Adjusted PS Ratio of 0.86 is 57% below median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 3.28. The Personal Services industry median Cyclically Adjusted PS Ratio is 0.80. H&R Block's value of 0.86 is 7.5% above this industry median. Based on the distribution chart, H&R Block ranks #44 out of 61 companies in the Personal Services industry, which is below the industry midpoint. Overall, H&R Block has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does H&R Block's Cyclically Adjusted PS Ratio compare to FTDR and ANDG?
According to the Personal Services industry distribution chart, H&R Block ranks #44 out of 61 companies for Cyclically Adjusted PS Ratio. This places H&R Block in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.80. H&R Block's value of 0.86 is 7.5% above this benchmark. Historically, H&R Block's own Cyclically Adjusted PS Ratio has ranged from 0.92 to 3.28 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 0.80, H&R Block 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 Personal Services company?
The median Cyclically Adjusted PS Ratio among Personal Services companies is 0.80, based on 61 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. H&R Block's current Cyclically Adjusted PS Ratio of 0.86 is 7.5% 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 H&R Block and its competitors. For the Personal Services industry, the median Cyclically Adjusted PS Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H&R Block's current Cyclically Adjusted PS Ratio is 0.86, which is 57% below median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H&R Block stock overvalued right now?
H&R Block (BSP:H1RB34) has a current Cyclically Adjusted PS Ratio of 0.86. The stock's GF Value™ is R$238.31, compared to a current price of R$174.78 — trading 26.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.86, which is 57% below median its 10-year median of 2.02 and 7.5% above the Personal Services industry median of 0.80. H&R Block's overall GF Score™ is 83/100. 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 H&R Block (BSP:H1RB34), the current Cyclically Adjusted PS Ratio is 0.86 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.

Is H&R Block (BSP:H1RB34) Overvalued in 2026?

Based on GuruFocus' analysis, H&R Block stock appears to be undervalued. The current stock price of R$174.78 is trading 26.7% below its estimated GF Value™ of R$238.31.

Key valuation signals for BSP:H1RB34:

  • Cyclically Adjusted PS Ratio: 0.86 (57% below median its 10-year median of 2.02)
  • GF Value™: R$238.31 vs. price of R$174.78 (26.7% below fair value)
  • GF Score™: 83/100
  • Industry Position: 7.5% above the Personal Services median (#44 of 61)

No single metric tells the full story. See the BSP:H1RB34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H&R Block Business Description

Address One H&R Block Way, Kansas City, MO, USA, 64105
H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives the majority of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively.
83GF Score

Get the complete analysis for BSP:H1RB34

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

R$174.78
Price
R$238.31
GF Value