Williams (BSP:W1MB34) Cyclically Adjusted PS Ratio: 6.77 (As of Jul. 28, 2026) — 165% 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:W1MB34 Williams Companies Inc BSP:W1MB34
74 GF Score
Price R$363.66
GF Value R$312.34
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Williams Cyclically Adjusted PS Ratio?

Williams BSP:W1MB34 -4.87% 74 Cyclically Adjusted PS Ratio is 6.77 as of Jul. 28, 2026, which is 165% above its 10-year median of 2.55. GuruFocus rates BSP:W1MB34 with a GF Score™ of 74/100 and a GF Value™ of R$312.34 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 708 Oil & Gas companies, Williams ranks worse than 93.64% on this metric.

As of today (2026-07-28), Williams's current share price is R$363.66. Williams's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$53.75. Williams's Cyclically Adjusted PS Ratio for today is 6.77.

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

BSP:W1MB34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.03   Med: 2.55   Max: 7.53
Current: 6.8

During the past years, Williams's highest Cyclically Adjusted PS Ratio was 7.53. The lowest was 1.03. And the median was 2.55.

BSP:W1MB34's Cyclically Adjusted PS Ratio is ranked worse than
93.64% of 708 companies
in the Oil & Gas industry
Industry Median: 1.055 vs BSP:W1MB34: 6.80

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.

Williams's adjusted revenue per share data for the three months ended in Mar. 2026 was R$12.925. 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$53.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Williams  (BSP:W1MB34) 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.


Williams Cyclically Adjusted PS Ratio Related Terms


Williams Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Williams'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.

Williams Cyclically Adjusted PS Ratio Chart

Williams 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 2.45 3.09 3.29 5.22 5.85

Williams Quarterly Data
Jun21 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 5.72 6.02 6.09 5.85 6.99

BSP:W1MB34 vs EPD, KMI, ET: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Midstream subindustry, Williams'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.


Williams Cyclically Adjusted PS Ratio vs Oil & Gas Industry

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

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


BSP:W1MB34
74GF Score
Williams Companies Inc BSP:W1MB34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Williams 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=363.66/53.75
=6.77

* 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.

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

For example, Williams'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)
=12.925/330.2130*330.2130
=12.925

Current CPI (Mar. 2026) = 330.2130.

Williams Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.917 241.018 10.847
201609 8.243 241.428 11.274
201612 9.817 241.432 13.427
201703 7.523 243.801 10.189
201706 7.652 244.955 10.315
201709 7.142 246.819 9.555
201712 8.849 246.524 11.853
201803 8.247 249.554 10.913
201806 9.499 251.989 12.448
201809 9.218 252.439 12.058
201812 7.054 251.233 9.272
201903 6.500 254.202 8.444
201906 6.482 256.143 8.356
201909 6.782 256.759 8.722
201912 7.122 256.974 9.152
202003 7.706 258.115 9.858
202006 7.608 257.797 9.745
202009 8.589 260.280 10.897
202012 8.848 260.474 11.217
202103 12.092 264.877 15.075
202106 9.429 271.696 11.460
202109 10.727 274.310 12.913
202112 15.094 278.802 17.877
202203 10.285 287.504 11.813
202206 10.280 296.311 11.456
202209 12.958 296.808 14.416
202212 12.554 296.797 13.967
202303 13.092 301.836 14.323
202306 9.879 305.109 10.692
202309 10.359 307.789 11.114
202312 11.144 306.746 11.997
202403 11.290 312.332 11.936
202406 10.294 314.175 10.819
202409 12.013 315.301 12.581
202412 13.650 315.605 14.282
202503 14.327 319.799 14.794
202506 12.597 322.561 12.896
202509 12.797 324.800 13.010
202512 14.208 324.054 14.478
202603 12.925 330.213 12.925

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 6.77 mean?
Williams (BSP:W1MB34) has a Cyclically Adjusted PS Ratio of 6.77 as of Jul. 28, 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 Williams and its competitors. This is 165% above median its historical median of 2.55. Over the past decade, Williams' Cyclically Adjusted PS Ratio has ranged from 1.03 to 7.53. According to the industry distribution chart, Williams ranks #663 out of 708 companies in the Oil & Gas industry, placing it in the top 93.6%.
Is Williams' Cyclically Adjusted PS Ratio too high?
Williams' current Cyclically Adjusted PS Ratio of 6.77 is 165% above median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 7.53. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. Williams' value of 6.77 is 541.7% above this industry median. Based on the distribution chart, Williams ranks #663 out of 708 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Williams has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Williams' Cyclically Adjusted PS Ratio compare to EPD and KMI?
According to the Oil & Gas industry distribution chart, Williams ranks #663 out of 708 companies for Cyclically Adjusted PS Ratio. This places Williams in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.06. Williams' value of 6.77 is 541.7% above this benchmark. Historically, Williams' own Cyclically Adjusted PS Ratio has ranged from 1.03 to 7.53 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 1.06, Williams 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 708 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. Williams's current Cyclically Adjusted PS Ratio of 6.77 is 541.7% 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 Williams and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Williams's current Cyclically Adjusted PS Ratio is 6.77, which is 165% above median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Williams stock overvalued right now?
Based on GuruFocus' analysis, Williams (BSP:W1MB34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$312.34, compared to a current price of R$363.66 — trading 16.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.77, which is 165% above median its 10-year median of 2.55 and 541.7% above the Oil & Gas industry median of 1.06. Williams' overall GF Score™ is 74/100 with 9 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 Williams (BSP:W1MB34), the current Cyclically Adjusted PS Ratio is 6.77 as of Jul. 28, 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 Williams (BSP:W1MB34) Overvalued in 2026?

Based on GuruFocus' analysis, Williams stock appears to be overvalued. The current stock price of R$363.66 is trading 16.4% above its estimated GF Value™ of R$312.34. GuruFocus considers Williams to be Modestly Overvalued.

Key valuation signals for BSP:W1MB34:

  • Cyclically Adjusted PS Ratio: 6.77 (165% above median its 10-year median of 2.55)
  • GF Value™: R$312.34 vs. price of R$363.66 (16.4% above fair value)
  • GF Score™: 74/100 with 9 warning signs
  • Industry Position: 541.7% above the Oil & Gas median (#663 of 708)

No single metric tells the full story. See the BSP:W1MB34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Williams Business Description

Industry EnergyOil & Gas
Address One Williams Center, Tulsa, OK, USA, 74172
Williams operates the Transco pipeline, which connects the Gulf Coast to the Northeast United States. It has additional natural gas transmission pipelines connecting the Rockies to the Pacific Northwest and midcontinent. At the field level, it operates substantial gathering and processing assets in Appalachia and other basins. The company has also struck several power supply agreements.
74GF Score

Get the complete analysis for BSP:W1MB34

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

R$363.66
Price
R$312.34
GF Value