Air Lease (FRA:AVLA) Cyclically Adjusted PS Ratio: 2.98 (As of Jul. 17, 2026) — 18% Above Median

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FRA:AVLA Air Lease Corp FRA:AVLA
64 GF Score
Price €55.50
GF Value €45.29
! 11 Warning Signs
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What is Air Lease Cyclically Adjusted PS Ratio?

Air Lease FRA:AVLA 64 Cyclically Adjusted PS Ratio is 2.98 as of Jul. 17, 2026, which is 18% above its 10-year median of 2.53. GuruFocus rates FRA:AVLA with a GF Score™ of 64/100 and a GF Value™ of €45.29. The stock has 11 warning signs investors should review.

As of today (2026-07-17), Air Lease's current share price is €55.50. Air Lease's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was €18.61. Air Lease's Cyclically Adjusted PS Ratio for today is 2.98.

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

FRA:AVLA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.48   Med: 2.53   Max: 4.4
Current: 2.94

During the past years, Air Lease's highest Cyclically Adjusted PS Ratio was 4.40. The lowest was 1.48. And the median was 2.53.

FRA:AVLA's Cyclically Adjusted PS Ratio is not ranked
in the Business Services industry.
Industry Median: 0.905 vs FRA:AVLA: 2.94

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.

Air Lease's adjusted revenue per share data for the three months ended in Dec. 2025 was €6.228. 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 €18.61 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Air Lease  (FRA:AVLA) 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.


Air Lease Cyclically Adjusted PS Ratio Related Terms


Air Lease Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Air Lease'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.

Air Lease Cyclically Adjusted PS Ratio Chart

Air Lease 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 3.05 2.30 2.24 2.36 2.90

Air Lease Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 2.36 2.30 2.73 2.91 2.90

FRA:AVLA vs R, UHAL, GATX: Cyclically Adjusted PS Ratio Comparison

For the Rental & Leasing Services subindustry, Air Lease'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.


Air Lease Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Air Lease's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:AVLA
64GF Score
Air Lease Corp FRA:AVLA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Air Lease 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.

Air Lease's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=55.50/18.61
=2.98

* 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.

Air Lease's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Air Lease's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=6.228/324.0540*324.0540
=6.228

Current CPI (Dec. 2025) = 324.0540.

Air Lease Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 2.789 238.132 3.795
201606 2.812 241.018 3.781
201609 2.856 241.428 3.833
201612 3.165 241.432 4.248
201703 3.022 243.801 4.017
201706 3.039 244.955 4.020
201709 2.830 246.819 3.716
201712 3.008 246.524 3.954
201803 2.755 249.554 3.577
201806 3.029 251.989 3.895
201809 3.433 252.439 4.407
201812 3.521 251.233 4.542
201903 3.670 254.202 4.678
201906 3.698 256.143 4.678
201909 4.256 256.759 5.371
201912 4.337 256.974 5.469
202003 4.067 258.115 5.106
202006 4.069 257.797 5.115
202009 3.678 260.280 4.579
202012 3.518 260.474 4.377
202103 3.491 264.877 4.271
202106 3.569 271.696 4.257
202109 3.898 274.310 4.605
202112 4.614 278.802 5.363
202203 4.757 287.504 5.362
202206 4.751 296.311 5.196
202209 5.103 296.808 5.571
202212 5.122 296.797 5.592
202303 5.343 301.836 5.736
202306 5.583 305.109 5.930
202309 5.549 307.789 5.842
202312 5.888 306.746 6.220
202403 5.472 312.332 5.677
202406 5.548 314.175 5.722
202409 5.562 315.301 5.716
202412 6.075 315.605 6.238
202503 6.096 319.799 6.177
202506 5.652 322.561 5.678
202509 5.501 324.800 5.488
202512 6.228 324.054 6.228

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 2.98 mean?
Air Lease (FRA:AVLA) has a Cyclically Adjusted PS Ratio of 2.98 as of Jul. 17, 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 Air Lease and its competitors. This is 18% above median its historical median of 2.53. Over the past decade, Air Lease's Cyclically Adjusted PS Ratio has ranged from 1.48 to 4.40.
Is Air Lease's Cyclically Adjusted PS Ratio too high?
Air Lease's current Cyclically Adjusted PS Ratio of 2.98 is 18% above median its 10-year median of 2.53. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 4.40. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Air Lease's value of 2.98 is 229.3% above this industry median. Overall, Air Lease has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Air Lease's Cyclically Adjusted PS Ratio compare to R and UHAL?
Air Lease's Cyclically Adjusted PS Ratio of 2.98 can be compared against companies in the Business Services industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Air Lease's value of 2.98 is 229.3% above this benchmark. Historically, Air Lease's own Cyclically Adjusted PS Ratio has ranged from 1.48 to 4.40 over the past decade. While the company's 10-year median is 2.53 vs. the industry median of 0.91, Air Lease 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 a Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 716 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. Air Lease's current Cyclically Adjusted PS Ratio of 2.98 is 229.3% 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 Air Lease and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Lease's current Cyclically Adjusted PS Ratio is 2.98, which is 18% above median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Lease stock overvalued right now?
Air Lease (FRA:AVLA) has a current Cyclically Adjusted PS Ratio of 2.98. The stock's GF Value™ is €45.29, compared to a current price of €55.50 — trading 22.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.98, which is 18% above median its 10-year median of 2.53 and 229.3% above the Business Services industry median of 0.91. Air Lease's overall GF Score™ is 64/100 with 11 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 Air Lease (FRA:AVLA), the current Cyclically Adjusted PS Ratio is 2.98 as of Jul. 17, 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 Air Lease (FRA:AVLA) Overvalued in 2026?

Based on GuruFocus' analysis, Air Lease stock appears to be overvalued. The current stock price of €55.50 is trading 22.5% above its estimated GF Value™ of €45.29.

Key valuation signals for FRA:AVLA:

  • Cyclically Adjusted PS Ratio: 2.98 (18% above median its 10-year median of 2.53)
  • GF Value™: €45.29 vs. price of €55.50 (22.5% above fair value)
  • GF Score™: 64/100 with 11 warning signs
  • Industry Position: 229.3% above the Business Services median

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


Air Lease Business Description

Address 2000 Avenue of the Stars, Suite 1000N, Los Angeles, CA, USA, 90067
Air Lease Corp is an aircraft leasing company based in the United States. It is engaged in the modern, fuel-efficient new technology commercial jet aircraft directly from aircraft manufacturers and leasing those aircraft to airlines throughout the world to generate attractive returns on equity. The company also sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors, and offers fleet management services to investors and owners of aircraft portfolios for a management fee. Geographically, it derives a maximum of its revenue from the Europe and the rest from Asia Pacific, Middle East and Africa, Central America, South America, Mexico, the United States, and Canada.
64GF 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.

€55.50
Price
€45.29
GF Value