Dnow (DNOW) Cyclically Adjusted PS Ratio: 0.62 (As of Aug. 10, 2026) — 27% Above Median

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DNOW Dnow Inc DNOW
63 GF Score
Price $16.52
GF Value $15.80
Valuation Fairly Valued
! 6 Warning Signs
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What is Dnow Cyclically Adjusted PS Ratio?

Dnow DNOW +7.34% 63 Cyclically Adjusted PS Ratio is 0.62 as of Aug. 10, 2026, which is 27% above its 10-year median of 0.49. GuruFocus rates DNOW with a GF Score™ of 63/100 and a GF Value™ of $15.80 (Fairly Valued). The stock has 6 warning signs investors should review. Among 128 Industrial Distribution companies, Dnow ranks worse than 57.03% on this metric.

As of today (2026-08-10), Dnow's current share price is $16.52. Dnow's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $26.46. Dnow's Cyclically Adjusted PS Ratio for today is 0.62.

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

DNOW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.49   Max: 0.66
Current: 0.62

During the past years, Dnow's highest Cyclically Adjusted PS Ratio was 0.66. The lowest was 0.31. And the median was 0.49.

DNOW's Cyclically Adjusted PS Ratio is ranked worse than
57.03% of 128 companies
in the Industrial Distribution industry
Industry Median: 0.54 vs DNOW: 0.62

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.

Dnow's adjusted revenue per share data for the three months ended in Jun. 2026 was $7.163. 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 $26.46 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dnow  (NYSE:DNOW) 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.


Dnow Cyclically Adjusted PS Ratio Related Terms


Dnow Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Dnow'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.

Dnow Cyclically Adjusted PS Ratio Chart

Dnow 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 0.00 0.42 0.40 0.49 0.52

Dnow 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 0.57 0.59 0.52 0.46 0.49

DNOW vs DXPE, DSGR, GIC: Cyclically Adjusted PS Ratio Comparison

For the Industrial Distribution subindustry, Dnow'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.


Dnow Cyclically Adjusted PS Ratio vs Industrial Distribution Industry

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

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


DNOW
63GF Score
Dnow Inc DNOW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dnow 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16.52/26.46
=0.62

* 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.

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

For example, Dnow'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)
=7.163/333.9520*333.9520
=7.163

Current CPI (Jun. 2026) = 333.9520.

Dnow Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.860 241.428 6.723
201612 5.028 241.432 6.955
201703 5.843 243.801 8.004
201706 6.028 244.955 8.218
201709 6.454 246.819 8.732
201712 6.253 246.524 8.471
201803 7.074 249.554 9.466
201806 7.194 251.989 9.534
201809 7.541 252.439 9.976
201812 7.009 251.233 9.317
201903 7.198 254.202 9.456
201906 7.099 256.143 9.255
201909 6.881 256.759 8.950
201912 5.815 256.974 7.557
202003 5.541 258.115 7.169
202006 3.394 257.797 4.397
202009 2.991 260.280 3.838
202012 2.927 260.474 3.753
202103 3.282 264.877 4.138
202106 3.636 271.696 4.469
202109 3.955 274.310 4.815
202112 3.858 278.802 4.621
202203 4.268 287.504 4.958
202206 4.853 296.311 5.469
202209 5.178 296.808 5.826
202212 4.903 296.797 5.517
202303 5.251 301.836 5.810
202306 5.500 305.109 6.020
202309 5.439 307.789 5.901
202312 5.179 306.746 5.638
202403 5.245 312.332 5.608
202406 5.882 314.175 6.252
202409 5.663 315.301 5.998
202412 5.356 315.605 5.667
202503 5.612 319.799 5.860
202506 5.924 322.561 6.133
202509 6.003 324.800 6.172
202512 6.184 324.054 6.373
202603 6.368 330.213 6.440
202606 7.163 333.952 7.163

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 0.62 mean?
Dnow (DNOW) has a Cyclically Adjusted PS Ratio of 0.62 as of Aug. 10, 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 Dnow and its competitors. This is 27% above median its historical median of 0.49. Over the past decade, Dnow's Cyclically Adjusted PS Ratio has ranged from 0.31 to 0.66. According to the industry distribution chart, Dnow ranks #73 out of 128 companies in the Industrial Distribution industry, placing it in the top 57%.
Is Dnow's Cyclically Adjusted PS Ratio too high?
Dnow's current Cyclically Adjusted PS Ratio of 0.62 is 27% above median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.66. The Industrial Distribution industry median Cyclically Adjusted PS Ratio is 0.54. Dnow's value of 0.62 is 14.8% above this industry median. Based on the distribution chart, Dnow ranks #73 out of 128 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Dnow has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dnow's Cyclically Adjusted PS Ratio compare to DXPE and DSGR?
According to the Industrial Distribution industry distribution chart, Dnow ranks #73 out of 128 companies for Cyclically Adjusted PS Ratio. This places Dnow in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.54. Dnow's value of 0.62 is 14.8% above this benchmark. Historically, Dnow's own Cyclically Adjusted PS Ratio has ranged from 0.31 to 0.66 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.54, Dnow 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 Industrial Distribution company?
The median Cyclically Adjusted PS Ratio among Industrial Distribution companies is 0.54, based on 128 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. Dnow's current Cyclically Adjusted PS Ratio of 0.62 is 14.8% 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 Dnow and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PS Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dnow's current Cyclically Adjusted PS Ratio is 0.62, which is 27% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dnow stock overvalued right now?
Based on GuruFocus' analysis, Dnow (DNOW) is currently considered Fairly Valued. The stock's GF Value™ is $15.80, compared to a current price of $16.52 — trading 4.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.62, which is 27% above median its 10-year median of 0.49 and 14.8% above the Industrial Distribution industry median of 0.54. Dnow'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 Dnow (DNOW), the current Cyclically Adjusted PS Ratio is 0.62 as of Aug. 10, 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 Dnow (DNOW) Overvalued in 2026?

Based on GuruFocus' analysis, Dnow stock appears to be overvalued. The current stock price of $16.52 is trading 4.6% above its estimated GF Value™ of $15.80. GuruFocus considers Dnow to be Fairly Valued.

Key valuation signals for DNOW:

  • Cyclically Adjusted PS Ratio: 0.62 (27% above median its 10-year median of 0.49)
  • GF Value™: $15.80 vs. price of $16.52 (4.6% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 14.8% above the Industrial Distribution median (#73 of 128)

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


Dnow Business Description

Address 7402 North Eldridge Parkway, Houston, TX, USA, 77041
Dnow Inc is a provider of energy and industrial solutions and a distributor of pipe, valves, and fittings (PVF) and pumps, as well as fabrication, assembly, and testing of process and production equipment. It provides a broad mix of products required to build and maintain essential infrastructure and operating equipment across upstream, midstream, gas utilities, downstream, energy transition, and industrial markets, along with value-added supply chain solutions and technical product expertise supported by digital offerings through its DigitalNOW and MRCGO e-commerce platforms. The company operates mainly under the DNOW and MRC brands and has three reportable segments: the United States, which generates the majority of revenue, Canada, and International.
63GF Score

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

$16.52
Price
$15.80
GF Value