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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.
Callaway Golf CoCALY +2.51%74 Cyclically Adjusted PS Ratio is 1.19 as of Aug. 05, 2026, which is 1% below its 10-year median of 1.20. GuruFocus rates CALY with a GF Score™ of 74/100 and a GF Value™ of $13.42 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 671 Travel & Leisure companies, Callaway Golf Co ranks better than 54.69% on this metric.
The historical rank and industry rank for Callaway Golf Co's Cyclically Adjusted PS Ratio or its related term are showing as below:
CALY'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.38 Med: 1.2 Max: 2.76
Current: 1.16
During the past years, Callaway Golf Co's highest Cyclically Adjusted PS Ratio was 2.76. The lowest was 0.38. And the median was 1.20.
CALY's Cyclically Adjusted PS Ratio is ranked better than 54.69% of 671
companies
in the Travel & Leisure industry
Industry Median: 1.3
vs CALY: 1.16
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.
Callaway Golf Co's adjusted revenue per share data for the three months ended in Mar. 2026 was $3.392. 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 $16.40 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Callaway Golf Co (NYSE:CALY) 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.
Callaway Golf Co Cyclically Adjusted PS Ratio Related Terms
Callaway Golf Co Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Callaway Golf 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.
Callaway Golf Co Cyclically Adjusted PS Ratio Chart
CALY vs YETI, OSW, PTON: Cyclically Adjusted PS Ratio Comparison
For the Leisure subindustry, Callaway Golf 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.
Callaway Golf Co Cyclically Adjusted PS Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Callaway Golf Co's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Callaway Golf Co's Cyclically Adjusted PS Ratio falls into.
Callaway Golf 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.
Callaway Golf Co'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 1.19 mean?
Callaway Golf Co (CALY) has a Cyclically Adjusted PS Ratio of 1.19 as of Aug. 05, 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 Callaway Golf Co and its competitors. This is near median its historical median of 1.20. Over the past decade, Callaway Golf Co's Cyclically Adjusted PS Ratio has ranged from 0.38 to 2.76. According to the industry distribution chart, Callaway Golf Co ranks #304 out of 671 companies in the Travel & Leisure industry, placing it in the top 45.3%.
Is Callaway Golf Co's Cyclically Adjusted PS Ratio too high?
Callaway Golf Co's current Cyclically Adjusted PS Ratio of 1.19 is near median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 2.76. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.30. Callaway Golf Co's value of 1.19 is 8.5% below this industry median. Based on the distribution chart, Callaway Golf Co ranks #304 out of 671 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Callaway Golf Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Callaway Golf Co's Cyclically Adjusted PS Ratio compare to YETI and OSW?
According to the Travel & Leisure industry distribution chart, Callaway Golf Co ranks #304 out of 671 companies for Cyclically Adjusted PS Ratio. This puts Callaway Golf Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.30. Callaway Golf Co's value of 1.19 is 8.5% below this benchmark. Historically, Callaway Golf Co's own Cyclically Adjusted PS Ratio has ranged from 0.38 to 2.76 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 1.30, Callaway Golf Co 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.30, based on 671 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. Callaway Golf Co's current Cyclically Adjusted PS Ratio of 1.19 is 8.5% 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 Callaway Golf Co and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Callaway Golf Co's current Cyclically Adjusted PS Ratio is 1.19, which is near median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Callaway Golf Co stock overvalued right now?
Based on GuruFocus' analysis, Callaway Golf Co (CALY) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.42, compared to a current price of $19.57 — trading 45.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.19, which is near median its 10-year median of 1.20 and 8.5% below the Travel & Leisure industry median of 1.30. Callaway Golf Co's overall GF Score™ is 74/100 with 11 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 Callaway Golf Co (CALY), the current Cyclically Adjusted PS Ratio is 1.19 as of Aug. 05, 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 Callaway Golf Co (CALY) Overvalued in 2026?
Based on GuruFocus' analysis, Callaway Golf Co stock appears to be overvalued.
The current stock price of $19.57 is trading 45.8% above its estimated GF Value™ of $13.42.
GuruFocus considers Callaway Golf Co to be Significantly Overvalued.
Key valuation signals for CALY:
Cyclically Adjusted PS Ratio: 1.19 (near median its 10-year median of 1.20)
GF Value™: $13.42 vs. price of $19.57 (45.8% above fair value)
Industry Position: 8.5% below the Travel & Leisure median (#304 of 671)
No single metric tells the full story. See the CALY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Callaway Golf Co is a golf equipment, gear and apparel company with a portfolio of world-wide brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. Callaway designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories-setting the standard for performance in the game of golf. The company has two operating and reportable business segments: Golf Equipment and Apparel, Gear and Other. Geographically, the company operates in United States, Europe, Asia, and Rest of World, of which it derives maximum revenue from United States.
74GF Score
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