Air Lease (FRA:AVLA) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:AVLA Air Lease Corp FRA:AVLA
64 GF Score
Price €55.50
GF Value €45.29
! 11 Warning Signs
View Full Analysis

What is Air Lease Cyclically Adjusted PS Ratio?

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 3.13 2.47 2.32 2.59 2.79

Air Lease 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 2.59 2.81 2.78 2.80 2.73

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.
View Full Analysis

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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Air Lease'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)
=4.902/333.9520*333.9520
=4.902

Current CPI (Jun. 2026) = 333.9520.

Air Lease Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.791 241.428 3.861
201612 3.095 241.432 4.281
201703 3.033 243.801 4.155
201706 3.095 244.955 4.219
201709 2.823 246.819 3.820
201712 3.023 246.524 4.095
201803 2.764 249.554 3.699
201806 2.970 251.989 3.936
201809 3.444 252.439 4.556
201812 3.511 251.233 4.667
201903 3.652 254.202 4.798
201906 3.719 256.143 4.849
201909 4.216 256.759 5.484
201912 4.357 256.974 5.662
202003 4.080 258.115 5.279
202006 4.161 257.797 5.390
202009 3.708 260.280 4.758
202012 3.595 260.474 4.609
202103 3.451 264.877 4.351
202106 3.570 271.696 4.388
202109 3.890 274.310 4.736
202112 4.570 278.802 5.474
202203 4.670 287.504 5.424
202206 4.713 296.311 5.312
202209 4.913 296.808 5.528
202212 5.060 296.797 5.693
202303 5.332 301.836 5.899
202306 5.186 305.109 5.676
202309 5.080 307.789 5.512
202312 5.353 306.746 5.828
202403 5.407 312.332 5.781
202406 5.099 314.175 5.420
202409 5.281 315.301 5.593
202412 5.619 315.605 5.946
202503 5.745 319.799 5.999
202506 5.752 322.561 5.955
202509 5.525 324.800 5.681
202512 6.271 324.054 6.463
202603 5.617 330.213 5.681
202606 4.902 333.952 4.902

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 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:
  • GF Value™: €45.29 vs. price of €55.50 (22.5% above fair value)
  • GF Score™: 64/100 with 11 warning signs

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

Get the complete analysis for FRA:AVLA

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