Eaton (ETN) Cyclically Adjusted PS Ratio: 6.53 (As of Jul. 25, 2026) — 131% Above Median

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ETN Eaton Corp PLC ETN
89 GF Score
Price $404.07
GF Value $391.79
Valuation Fairly Valued
! 5 Warning Signs
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What is Eaton Cyclically Adjusted PS Ratio?

Eaton ETN -2.66% 89 Cyclically Adjusted PS Ratio is 6.53 as of Jul. 25, 2026, which is 131% above its 10-year median of 2.83. GuruFocus rates ETN with a GF Score™ of 89/100 and a GF Value™ of $391.79 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,299 Industrial Products companies, Eaton ranks worse than 87.69% on this metric.

As of today (2026-07-25), Eaton's current share price is $404.07. Eaton's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $61.86. Eaton's Cyclically Adjusted PS Ratio for today is 6.53.

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

ETN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.36   Med: 2.83   Max: 6.88
Current: 6.53

During the past years, Eaton's highest Cyclically Adjusted PS Ratio was 6.88. The lowest was 1.36. And the median was 2.83.

ETN's Cyclically Adjusted PS Ratio is ranked worse than
87.69% of 2299 companies
in the Industrial Products industry
Industry Median: 1.75 vs ETN: 6.53

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.

Eaton's adjusted revenue per share data for the three months ended in Mar. 2026 was $19.144. 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 $61.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eaton  (NYSE:ETN) 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.


Eaton Cyclically Adjusted PS Ratio Related Terms


Eaton Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Eaton'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.

Eaton Cyclically Adjusted PS Ratio Chart

Eaton 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 3.50 2.95 4.30 5.79 5.28

Eaton Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.69 6.06 6.30 5.28 5.78

ETN vs PH, CMI, EMR: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Eaton'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.


Eaton Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


ETN
89GF Score
Eaton Corp PLC ETN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eaton 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=404.07/61.86
=6.53

* 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.

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

For example, Eaton's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=19.144/127.8300*127.8300
=19.144

Current CPI (Mar. 2026) = 127.8300.

Eaton Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 11.084 101.072 14.018
201609 10.946 100.274 13.954
201612 10.761 99.676 13.800
201703 10.749 100.374 13.689
201706 11.440 100.673 14.526
201709 11.705 100.474 14.892
201712 11.765 100.075 15.028
201803 11.888 100.573 15.110
201806 12.547 101.072 15.869
201809 12.404 101.371 15.642
201812 12.625 100.773 16.015
201903 12.456 101.670 15.661
201906 13.077 102.168 16.362
201909 12.701 102.268 15.876
201912 12.600 102.068 15.780
202003 11.649 102.367 14.547
202006 9.609 101.769 12.070
202009 11.250 101.072 14.228
202012 11.680 101.072 14.772
202103 11.704 102.367 14.615
202106 12.992 103.364 16.067
202109 12.249 104.859 14.932
202112 11.929 106.653 14.298
202203 12.053 109.245 14.103
202206 13.007 112.779 14.743
202209 13.273 113.504 14.948
202212 13.443 115.436 14.886
202303 13.690 117.609 14.880
202306 14.639 119.662 15.638
202309 14.641 120.749 15.500
202312 14.854 120.749 15.725
202403 14.787 120.990 15.623
202406 15.835 122.318 16.549
202409 15.906 121.594 16.722
202412 15.766 122.439 16.460
202503 16.202 123.405 16.783
202506 17.956 124.492 18.437
202509 17.913 124.810 18.346
202512 18.104 125.770 18.401
202603 19.144 127.830 19.144

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 6.53 mean?
Eaton (ETN) has a Cyclically Adjusted PS Ratio of 6.53 as of Jul. 25, 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 Eaton and its competitors. This is 131% above median its historical median of 2.83. Over the past decade, Eaton's Cyclically Adjusted PS Ratio has ranged from 1.36 to 6.88. According to the industry distribution chart, Eaton ranks #2016 out of 2299 companies in the Industrial Products industry, placing it in the top 87.7%.
Is Eaton's Cyclically Adjusted PS Ratio too high?
Eaton's current Cyclically Adjusted PS Ratio of 6.53 is 131% above median its 10-year median of 2.83. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 6.88. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.75. Eaton's value of 6.53 is 273.1% above this industry median. Based on the distribution chart, Eaton ranks #2016 out of 2299 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Eaton has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eaton's Cyclically Adjusted PS Ratio compare to PH and CMI?
According to the Industrial Products industry distribution chart, Eaton ranks #2016 out of 2299 companies for Cyclically Adjusted PS Ratio. This places Eaton in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.75. Eaton's value of 6.53 is 273.1% above this benchmark. Historically, Eaton's own Cyclically Adjusted PS Ratio has ranged from 1.36 to 6.88 over the past decade. While the company's 10-year median is 2.83 vs. the industry median of 1.75, Eaton 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 Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.75, based on 2,299 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. Eaton's current Cyclically Adjusted PS Ratio of 6.53 is 273.1% 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 Eaton and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eaton's current Cyclically Adjusted PS Ratio is 6.53, which is 131% above median its own 10-year median of 2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eaton stock overvalued right now?
Based on GuruFocus' analysis, Eaton (ETN) is currently considered Fairly Valued. The stock's GF Value™ is $391.79, compared to a current price of $404.07 — trading 3.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.53, which is 131% above median its 10-year median of 2.83 and 273.1% above the Industrial Products industry median of 1.75. Eaton's overall GF Score™ is 89/100 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 Eaton (ETN), the current Cyclically Adjusted PS Ratio is 6.53 as of Jul. 25, 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 Eaton (ETN) Overvalued in 2026?

Based on GuruFocus' analysis, Eaton stock appears to be overvalued. The current stock price of $404.07 is trading 3.1% above its estimated GF Value™ of $391.79. GuruFocus considers Eaton to be Fairly Valued.

Key valuation signals for ETN:

  • Cyclically Adjusted PS Ratio: 6.53 (131% above median its 10-year median of 2.83)
  • GF Value™: $391.79 vs. price of $404.07 (3.1% above fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 273.1% above the Industrial Products median (#2016 of 2299)

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


Eaton Business Description

Address 30 Pembroke Road, Eaton House, Dublin 4, Dublin, IRL, D04 Y0C2
Founded in 1911 by Joseph Eaton, the eponymous company began by selling truck axles in New Jersey. Eaton has since become an industrial powerhouse largely through acquisitions in various end markets. Eaton's portfolio can broadly be divided into two parts: its electrical and industrial businesses. Its electrical portfolio (representing around 70% of company revenue) sells components within data centers, utilities, and commercial and residential buildings, while its industrial business (30% of revenue) sells components within commercial and passenger vehicles and aircraft. Eaton receives favorable tax treatment as a domiciliary of Ireland, but it generates over half of its revenue within the US.
89GF 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.

$404.07
Price
$391.79
GF Value