A2A SpA (CHIX:A2AM) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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CHIX:A2AM A2A SpA CHIX:A2AM
85 GF Score
Price €2.37
GF Value €2.42
Valuation Fairly Valued
! 4 Warning Signs
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What is A2A SpA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


A2A SpA  (CHIX:A2Am) 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.


A2A SpA Cyclically Adjusted PS Ratio Related Terms


A2A SpA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for A2A SpA'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.

A2A SpA Cyclically Adjusted PS Ratio Chart

A2A SpA 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 0.83 0.44 0.63 0.64 0.62

A2A SpA 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 0.64 0.59 0.62 0.63 0.57

CHIX:A2AM vs SRE: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Diversified subindustry, A2A SpA'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.


A2A SpA Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, A2A SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where A2A SpA's Cyclically Adjusted PS Ratio falls into.


CHIX:A2AM
85GF Score
A2A SpA CHIX:A2AM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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A2A SpA 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.

A2A SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, A2A SpA'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)
=1.19/126.4000*126.4000
=1.190

Current CPI (Jun. 2026) = 126.4000.

A2A SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.365 100.100 0.461
201612 0.407 100.300 0.513
201703 0.505 101.000 0.632
201706 0.362 101.100 0.453
201709 0.422 101.200 0.527
201712 0.472 101.200 0.590
201803 0.566 101.800 0.703
201806 0.389 102.400 0.480
201809 0.445 102.600 0.548
201812 0.617 102.300 0.762
201903 0.664 102.800 0.816
201906 0.498 103.100 0.611
201909 0.520 102.900 0.639
201912 0.610 102.800 0.750
202003 0.533 102.900 0.655
202006 0.459 102.900 0.564
202009 0.510 102.300 0.630
202012 0.642 102.600 0.791
202103 0.680 103.700 0.829
202106 0.602 104.200 0.730
202109 0.763 104.900 0.919
202112 1.617 106.600 1.917
202203 1.757 110.400 2.012
202206 1.334 112.500 1.499
202209 2.249 114.200 2.489
202212 1.982 119.000 2.105
202303 1.625 118.800 1.729
202306 0.898 119.700 0.948
202309 0.934 120.300 0.981
202312 1.169 119.700 1.234
202403 1.074 120.200 1.129
202406 0.826 120.700 0.865
202409 0.943 121.200 0.983
202412 1.170 121.200 1.220
202503 1.247 122.500 1.287
202506 0.911 122.700 0.938
202509 1.031 123.100 1.059
202512 1.199 122.600 1.236
202603 1.438 124.560 1.459
202606 1.190 126.400 1.190

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 A2A SpA (CHIX:A2AM) Overvalued in 2026?

Based on GuruFocus' analysis, A2A SpA stock appears to be undervalued. The current stock price of €2.37 is trading 2.1% below its estimated GF Value™ of €2.42. GuruFocus considers A2A SpA to be Fairly Valued.

Key valuation signals for CHIX:A2AM:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €2.42 vs. price of €2.37 (2.1% below fair value)
  • GF Score™: 85/100 with 4 warning signs

No single metric tells the full story. See the CHIX:A2AM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


A2A SpA Business Description

Address Via Lamarmora 230, Brescia, ITA, 25124
A2A SpA together with its subsidiaries is engaged in the production, sale, and distribution of electricity; sale and distribution of gas; production, distribution, and sale of heat through district heating networks, technical consultancy relating to energy efficiency certificates, waste management (from collection and sweeping to disposal) and the construction and management of integrated waste disposal plants and systems, also making these available for other operators, and integrated water cycle management.
85GF Score

Get the complete analysis for CHIX:A2AM

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

€2.37
Price
€2.42
GF Value