KeyCorp (BSP:K1EY34) Cyclically Adjusted PS Ratio: 3.00 (As of Aug. 16, 2026) — Near Median

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BSP:K1EY34 KeyCorp BSP:K1EY34
63 GF Score
Price R$114.96
GF Value R$101.30
! 6 Warning Signs
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What is KeyCorp Cyclically Adjusted PS Ratio?

KeyCorp BSP:K1EY34 63 Cyclically Adjusted PS Ratio is 3.00 as of Aug. 16, 2026, which is 5% above its 10-year median of 2.85. GuruFocus rates BSP:K1EY34 with a GF Score™ of 63/100 and a GF Value™ of R$101.30. The stock has 6 warning signs investors should review. Among 1,305 Banks companies, KeyCorp ranks better than 56.55% on this metric.

As of today (2026-08-16), KeyCorp's current share price is R$114.96. KeyCorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$38.35. KeyCorp's Cyclically Adjusted PS Ratio for today is 3.00.

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

BSP:K1EY34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.3   Med: 2.85   Max: 4.41
Current: 3.12

During the past years, KeyCorp's highest Cyclically Adjusted PS Ratio was 4.41. The lowest was 1.30. And the median was 2.85.

BSP:K1EY34's Cyclically Adjusted PS Ratio is ranked better than
56.55% of 1305 companies
in the Banks industry
Industry Median: 3.45 vs BSP:K1EY34: 3.12

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.

KeyCorp's adjusted revenue per share data for the three months ended in Mar. 2026 was R$9.122. 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$38.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


KeyCorp  (BSP:K1EY34) 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.


KeyCorp Cyclically Adjusted PS Ratio Related Terms


KeyCorp Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for KeyCorp'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.

KeyCorp Cyclically Adjusted PS Ratio Chart

KeyCorp 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 3.78 2.59 2.04 2.40 2.81

KeyCorp 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 2.39 2.54 2.81 2.68 0.00

BSP:K1EY34 vs FCNCA, RF, CFG: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, KeyCorp'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.


KeyCorp Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, KeyCorp's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BSP:K1EY34
63GF Score
KeyCorp BSP:K1EY34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KeyCorp 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.

KeyCorp's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=114.96/38.35
=3.00

* 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.

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

For example, KeyCorp'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)
=9.122/330.2130*330.2130
=9.122

Current CPI (Mar. 2026) = 330.2130.

KeyCorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.205 241.018 5.761
201609 4.098 241.428 5.605
201612 4.570 241.432 6.251
201703 4.171 243.801 5.649
201706 4.767 244.955 6.426
201709 4.289 246.819 5.738
201712 4.707 246.524 6.305
201803 4.601 249.554 6.088
201806 5.364 251.989 7.029
201809 6.073 252.439 7.944
201812 6.016 251.233 7.907
201903 5.547 254.202 7.206
201906 5.960 256.143 7.683
201909 6.516 256.759 8.380
201912 6.561 256.974 8.431
202003 7.078 258.115 9.055
202006 8.865 257.797 11.355
202009 9.048 260.280 11.479
202012 9.395 260.474 11.910
202103 9.792 264.877 12.207
202106 8.922 271.696 10.844
202109 9.738 274.310 11.723
202112 11.318 278.802 13.405
202203 8.725 287.504 10.021
202206 9.388 296.311 10.462
202209 10.302 296.808 11.461
202212 10.244 296.797 11.397
202303 9.270 301.836 10.142
202306 8.065 305.109 8.729
202309 8.057 307.789 8.644
202312 7.798 306.746 8.395
202403 7.871 312.332 8.322
202406 8.477 314.175 8.910
202409 3.746 315.301 3.923
202412 4.919 315.605 5.147
202503 8.974 319.799 9.266
202506 8.931 322.561 9.143
202509 8.894 324.800 9.042
202512 9.543 324.054 9.724
202603 9.122 330.213 9.122

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 3.00 mean?
KeyCorp (BSP:K1EY34) has a Cyclically Adjusted PS Ratio of 3.00 as of Aug. 16, 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 KeyCorp and its competitors. This is near median its historical median of 2.85. Over the past decade, KeyCorp's Cyclically Adjusted PS Ratio has ranged from 1.30 to 4.41. According to the industry distribution chart, KeyCorp ranks #567 out of 1305 companies in the Banks industry, placing it in the top 43.4%.
Is KeyCorp's Cyclically Adjusted PS Ratio too high?
KeyCorp's current Cyclically Adjusted PS Ratio of 3.00 is near median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 4.41. The Banks industry median Cyclically Adjusted PS Ratio is 3.45. KeyCorp's value of 3.00 is 13% below this industry median. Based on the distribution chart, KeyCorp ranks #567 out of 1305 companies in the Banks industry, which is above the industry midpoint. Overall, KeyCorp has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does KeyCorp's Cyclically Adjusted PS Ratio compare to FCNCA and RF?
According to the Banks industry distribution chart, KeyCorp ranks #567 out of 1305 companies for Cyclically Adjusted PS Ratio. This puts KeyCorp in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.45. KeyCorp's value of 3.00 is 13% below this benchmark. Historically, KeyCorp's own Cyclically Adjusted PS Ratio has ranged from 1.30 to 4.41 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 3.45, KeyCorp 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.45, based on 1,305 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. KeyCorp's current Cyclically Adjusted PS Ratio of 3.00 is 13% 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 KeyCorp and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KeyCorp's current Cyclically Adjusted PS Ratio is 3.00, which is near median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KeyCorp stock overvalued right now?
KeyCorp (BSP:K1EY34) has a current Cyclically Adjusted PS Ratio of 3.00. The stock's GF Value™ is R$101.30, compared to a current price of R$114.96 — trading 13.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.00, which is near median its 10-year median of 2.85 and 13% below the Banks industry median of 3.45. KeyCorp's overall GF Score™ is 63/100 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 KeyCorp (BSP:K1EY34), the current Cyclically Adjusted PS Ratio is 3.00 as of Aug. 16, 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 KeyCorp (BSP:K1EY34) Overvalued in 2026?

Based on GuruFocus' analysis, KeyCorp stock appears to be overvalued. The current stock price of R$114.96 is trading 13.5% above its estimated GF Value™ of R$101.30.

Key valuation signals for BSP:K1EY34:

  • Cyclically Adjusted PS Ratio: 3.00 (near median its 10-year median of 2.85)
  • GF Value™: R$101.30 vs. price of R$114.96 (13.5% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 13% below the Banks median (#567 of 1305)

No single metric tells the full story. See the BSP:K1EY34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KeyCorp Business Description

Address 127 Public Square, Cleveland, OH, USA, 44114-1306
With assets of around $190 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its three largest markets: Ohio, New York, and Washington. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.
63GF Score

Get the complete analysis for BSP:K1EY34

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

R$114.96
Price
R$101.30
GF Value