Ryanair Holdings (DUB:RYA) Cyclically Adjusted PS Ratio: (As of Jul. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

DUB:RYA Ryanair Holdings PLC DUB:RYA
94 GF Score
Price €25.05
GF Value €24.97
Valuation Fairly Valued
! 1 Warning Sign
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What is Ryanair Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ryanair Holdings  (DUB:RYA) 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.


Ryanair Holdings Cyclically Adjusted PS Ratio Related Terms


Ryanair Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ryanair Holdings'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.

Ryanair Holdings Cyclically Adjusted PS Ratio Chart

Ryanair Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.67 2.46 3.02 2.37 2.65

Ryanair Holdings 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 2.94 2.91 3.38 2.65 0.00

DUB:RYA vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, Ryanair Holdings'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.


Ryanair Holdings Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Ryanair Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


DUB:RYA
94GF Score
Ryanair Holdings PLC DUB:RYA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ryanair Holdings 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.

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

For example, Ryanair Holdings'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)
=4.175/128.3100*128.3100
=4.175

Current CPI (Jun. 2026) = 128.3100.

Ryanair Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.938 100.274 2.480
201612 1.072 99.676 1.380
201703 0.952 100.374 1.217
201706 1.558 100.673 1.986
201709 2.085 100.474 2.663
201712 1.178 100.075 1.510
201803 1.110 100.573 1.416
201806 1.773 101.072 2.251
201809 2.391 101.371 3.026
201812 1.369 100.773 1.743
201903 1.109 101.670 1.400
201906 2.034 102.168 2.554
201909 2.741 102.268 3.439
201912 1.703 102.068 2.141
202003 1.086 102.367 1.361
202006 0.115 101.769 0.145
202009 0.957 101.072 1.215
202012 0.303 101.072 0.385
202103 0.105 102.367 0.132
202106 0.328 103.364 0.407
202109 1.566 104.859 1.916
202112 1.299 106.653 1.563
202203 1.037 109.245 1.218
202206 2.283 112.779 2.597
202209 3.528 113.504 3.988
202212 2.029 115.436 2.255
202303 1.615 117.609 1.762
202306 3.190 119.662 3.421
202309 4.304 120.749 4.574
202312 2.357 120.749 2.505
202403 1.892 120.990 2.006
202406 3.168 122.318 3.323
202409 4.547 121.594 4.798
202412 2.707 122.439 2.837
202503 2.128 123.405 2.213
202506 4.052 124.492 4.176
202509 5.128 124.810 5.272
202512 3.028 125.770 3.089
202603 2.377 127.830 2.386
202606 4.175 128.310 4.175

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 Ryanair Holdings (DUB:RYA) Overvalued in 2026?

Based on GuruFocus' analysis, Ryanair Holdings stock appears to be overvalued. The current stock price of €25.05 is trading 0.3% above its estimated GF Value™ of €24.97. GuruFocus considers Ryanair Holdings to be Fairly Valued.

Key valuation signals for DUB:RYA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €24.97 vs. price of €25.05 (0.3% above fair value)
  • GF Score™: 94/100 with 1 warning sign

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


Ryanair Holdings Business Description

Address Airside Business Park, Swords, County Dublin, Dublin, IRL, K67 NY94
Ryanair is Europe's largest low-cost airline, known for its extensive network and highly efficient business model. Operating over 3,600 flights daily across 240-plus destinations in 40 countries, Ryanair has built its success on offering affordable air travel while maintaining tight control over costs. The airline primarily uses Boeing 737 aircraft, including the newer 737 8-200 "Gamechanger" variant, which simplifies operations and reduces expenses. Ryanair focuses on high passenger volume, ancillary revenue, and operational efficiency, ensuring its position as a leading airline in Europe.
94GF Score

Get the complete analysis for DUB:RYA

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

€25.05
Price
€24.97
GF Value