FLSmidth AS (CHIX:FLSC) Cyclically Adjusted PS Ratio: 1.50 (As of Sep. 19, 2026) — 111% Above Median

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CHIX:FLSC FLSmidth & Co AS CHIX:FLSC
62 GF Score
Price kr598.25
GF Value kr332.13
Valuation Significantly Overvalued
! 5 Warning Signs
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What is FLSmidth AS Cyclically Adjusted PS Ratio?

FLSmidth AS CHIX:FLSC 62 Cyclically Adjusted PS Ratio is 1.50 as of Sep. 19, 2026, which is 111% above its 10-year median of 0.71. GuruFocus rates CHIX:FLSC with a GF Score™ of 62/100 and a GF Value™ of kr332.13 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,303 Industrial Products companies, FLSmidth AS ranks better than 55.19% on this metric.

As of today (2026-09-19), FLSmidth AS's current share price is kr598.25. FLSmidth AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was kr398.53. FLSmidth AS's Cyclically Adjusted PS Ratio for today is 1.50.

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

CHIX:FLSc' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.71   Max: 1.5
Current: 1.44

During the past years, FLSmidth AS's highest Cyclically Adjusted PS Ratio was 1.50. The lowest was 0.34. And the median was 0.71.

CHIX:FLSc's Cyclically Adjusted PS Ratio is ranked better than
55.19% of 2303 companies
in the Industrial Products industry
Industry Median: 1.76 vs CHIX:FLSc: 1.44

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.

FLSmidth AS's adjusted revenue per share data for the three months ended in Jun. 2026 was kr73.248. 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 kr398.53 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


FLSmidth AS  (CHIX:FLSc) 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.


FLSmidth AS Cyclically Adjusted PS Ratio Related Terms


FLSmidth AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for FLSmidth AS'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.

FLSmidth AS Cyclically Adjusted PS Ratio Chart

FLSmidth AS 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 0.56 0.49 0.75 0.89 1.12

FLSmidth AS 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 0.96 1.10 1.11 1.21 1.28

CHIX:FLSC vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, FLSmidth AS'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.


FLSmidth AS Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, FLSmidth AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CHIX:FLSC
62GF Score
FLSmidth & Co AS CHIX:FLSC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FLSmidth AS 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.

FLSmidth AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=598.25/398.534
=1.50

* 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.

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

For example, FLSmidth AS'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)
=73.248/122.9500*122.9500
=73.248

Current CPI (Jun. 2026) = 122.9500.

FLSmidth AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 97.588 100.200 119.745
201612 112.816 100.300 138.292
201703 88.274 101.200 107.246
201706 92.100 101.200 111.894
201709 82.323 101.800 99.426
201712 99.816 101.300 121.149
201803 84.676 101.700 102.369
201806 94.407 102.300 113.464
201809 86.382 102.400 103.717
201812 106.564 102.100 128.326
201903 88.126 102.900 105.297
201906 109.102 102.900 130.360
201909 94.427 102.900 112.826
201912 120.089 102.900 143.488
202003 90.310 103.300 107.489
202006 76.685 103.200 91.361
202009 76.446 103.500 90.812
202012 84.463 103.400 100.433
202103 74.035 104.300 87.273
202106 81.207 105.000 95.090
202109 90.194 105.800 104.814
202112 90.524 106.600 104.408
202203 82.961 109.900 92.812
202206 88.620 113.600 95.914
202209 99.073 116.400 104.648
202212 114.477 115.900 121.440
202303 106.035 117.300 111.142
202306 112.785 116.400 119.132
202309 100.870 117.400 105.639
202312 105.189 116.700 110.823
202403 85.066 118.400 88.335
202406 67.333 118.500 69.862
202409 71.116 118.900 73.538
202412 72.652 118.900 75.127
202503 64.954 120.200 66.440
202506 59.267 120.700 60.372
202509 60.780 121.600 61.455
202512 74.495 121.180 75.583
202603 59.921 121.670 60.551
202606 73.248 122.950 73.248

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 1.50 mean?
FLSmidth AS (CHIX:FLSC) has a Cyclically Adjusted PS Ratio of 1.50 as of Sep. 19, 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 FLSmidth AS and its competitors. This is 111% above median its historical median of 0.71. Over the past decade, FLSmidth AS's Cyclically Adjusted PS Ratio has ranged from 0.34 to 1.50. According to the industry distribution chart, FLSmidth AS ranks #1032 out of 2303 companies in the Industrial Products industry, placing it in the top 44.8%.
Is FLSmidth AS's Cyclically Adjusted PS Ratio too high?
FLSmidth AS's current Cyclically Adjusted PS Ratio of 1.50 is 111% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.50. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.76. FLSmidth AS's value of 1.50 is 14.8% below this industry median. Based on the distribution chart, FLSmidth AS ranks #1032 out of 2303 companies in the Industrial Products industry, which is above the industry midpoint. Overall, FLSmidth AS has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FLSmidth AS's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, FLSmidth AS ranks #1032 out of 2303 companies for Cyclically Adjusted PS Ratio. This puts FLSmidth AS in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.76. FLSmidth AS's value of 1.50 is 14.8% below this benchmark. Historically, FLSmidth AS's own Cyclically Adjusted PS Ratio has ranged from 0.34 to 1.50 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 1.76, FLSmidth AS 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.76, based on 2,303 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. FLSmidth AS's current Cyclically Adjusted PS Ratio of 1.50 is 14.8% 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 FLSmidth AS and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FLSmidth AS's current Cyclically Adjusted PS Ratio is 1.50, which is 111% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FLSmidth AS stock overvalued right now?
Based on GuruFocus' analysis, FLSmidth AS (CHIX:FLSC) is currently considered Significantly Overvalued. The stock's GF Value™ is kr332.13, compared to a current price of kr598.25 — trading 80.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.50, which is 111% above median its 10-year median of 0.71 and 14.8% below the Industrial Products industry median of 1.76. FLSmidth AS's overall GF Score™ is 62/100 with 5 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 FLSmidth AS (CHIX:FLSC), the current Cyclically Adjusted PS Ratio is 1.50 as of Sep. 19, 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 FLSmidth AS (CHIX:FLSC) Overvalued in 2026?

Based on GuruFocus' analysis, FLSmidth AS stock appears to be overvalued. The current stock price of kr598.25 is trading 80.1% above its estimated GF Value™ of kr332.13. GuruFocus considers FLSmidth AS to be Significantly Overvalued.

Key valuation signals for CHIX:FLSC:

  • Cyclically Adjusted PS Ratio: 1.50 (111% above median its 10-year median of 0.71)
  • GF Value™: kr332.13 vs. price of kr598.25 (80.1% above fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 14.8% below the Industrial Products median (#1032 of 2303)

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


FLSmidth AS Business Description

Address Havneholmen 2, Copenhagen, DNK, 2450
FLSmidth & Co AS is a Denmark-based company thatsupplies technologies and services to the mining industry, including solutions across processing flowsheets. Its offerings are aimed at supporting operational efficiency, risk management, and environmental considerations in the production of metals and minerals. The company's three segments are: Service, Products, and Pumps, Cyclones & Valves (PC&V). The majority of the company's revenue is generated from the Service segment. Geographically, the company operates across North America, South America, Europe, the Middle East & Africa, and Asia & Australia. Among all regions, South America contributes the majority of revenue.
62GF Score

Get the complete analysis for CHIX:FLSC

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

kr598.25
Price
kr332.13
GF Value