Cincinnati Financial (FRA:CCJ) Cyclically Adjusted PS Ratio: (As of Jul. 29, 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.
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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:CCJ Cincinnati Financial Corp FRA:CCJ
72 GF Score
Price €160.60
GF Value €144.14
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Cincinnati Financial Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cincinnati Financial  (FRA:CCJ) 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.


Cincinnati Financial Cyclically Adjusted PS Ratio Related Terms


Cincinnati Financial Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Cincinnati Financial'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.

Cincinnati Financial Cyclically Adjusted PS Ratio Chart

Cincinnati Financial 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 2.77 2.29 2.11 2.68 2.77

Cincinnati Financial 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 2.64 2.72 2.77 2.59 0.00

FRA:CCJ vs WRB, MKL, L: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Property & Casualty subindustry, Cincinnati Financial'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.


Cincinnati Financial Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Cincinnati Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:CCJ
72GF Score
Cincinnati Financial Corp FRA:CCJ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cincinnati Financial 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.

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

For example, Cincinnati Financial'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)
=23.827/333.9520*333.9520
=23.827

Current CPI (Jun. 2026) = 333.9520.

Cincinnati Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.489 241.428 10.359
201612 7.470 241.432 10.333
201703 8.553 243.801 11.716
201706 7.431 244.955 10.131
201709 7.141 246.819 9.662
201712 7.196 246.524 9.748
201803 6.053 249.554 8.100
201806 8.107 251.989 10.744
201809 10.007 252.439 13.238
201812 3.808 251.233 5.062
201903 11.608 254.202 15.250
201906 10.248 256.143 13.361
201909 9.321 256.759 12.123
201912 11.731 256.974 15.245
202003 -0.552 258.115 -0.714
202006 14.923 257.797 19.331
202009 11.671 260.280 14.974
202012 13.661 260.474 17.515
202103 11.512 264.877 14.514
202106 11.693 271.696 14.372
202109 9.314 274.310 11.339
202112 18.087 278.802 21.665
202203 6.895 287.504 8.009
202206 4.860 296.311 5.477
202209 9.013 296.808 10.141
202212 18.694 296.797 21.034
202303 13.206 301.836 14.611
202306 15.218 305.109 16.657
202309 10.815 307.789 11.734
202312 19.502 306.746 21.232
202403 17.101 312.332 18.285
202406 15.006 314.175 15.951
202409 18.968 315.301 20.090
202412 15.331 315.605 16.222
202503 15.176 319.799 15.848
202506 17.845 322.561 18.475
202509 20.118 324.800 20.685
202512 16.771 324.054 17.283
202603 15.774 330.213 15.953
202606 23.827 333.952 23.827

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 Cincinnati Financial (FRA:CCJ) Overvalued in 2026?

Based on GuruFocus' analysis, Cincinnati Financial stock appears to be overvalued. The current stock price of €160.60 is trading 11.4% above its estimated GF Value™ of €144.14. GuruFocus considers Cincinnati Financial to be Modestly Overvalued.

Key valuation signals for FRA:CCJ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €144.14 vs. price of €160.60 (11.4% above fair value)
  • GF Score™: 72/100 with 5 warning signs

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


Cincinnati Financial Business Description

Other Exchanges CINF:USA0HYE:UKCCJ:Germany
Address 6200 S. Gilmore Road, Fairfield, OH, USA, 45014-5141
Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.
72GF Score

Get the complete analysis for FRA:CCJ

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

€160.60
Price
€144.14
GF Value