Churchill DownsFRA:CHR -0.68%82 Cyclically Adjusted PS Ratio is 3.56 as of Jul. 10, 2026, which is 47% below its 10-year median of 6.69. GuruFocus rates FRA:CHR with a GF Score™ of 82/100 and a GF Value™ of €132.56. The stock has 4 warning signs investors should review. Among 668 Travel & Leisure companies, Churchill Downs ranks worse than 78.29% on this metric.
The historical rank and industry rank for Churchill Downs's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:CHR'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.04 Med: 6.69 Max: 12.54
Current: 3.46
During the past years, Churchill Downs's highest Cyclically Adjusted PS Ratio was 12.54. The lowest was 3.04. And the median was 6.69.
FRA:CHR's Cyclically Adjusted PS Ratio is ranked worse than 78.29% of 668
companies
in the Travel & Leisure industry
Industry Median: 1.3
vs FRA:CHR: 3.46
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.
Churchill Downs's adjusted revenue per share data for the three months ended in Mar. 2026 was €8.193. 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 €20.50 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Churchill Downs (FRA:CHR) 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.
Churchill Downs Cyclically Adjusted PS Ratio Related Terms
Churchill Downs Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Churchill Downs'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.
Churchill Downs Cyclically Adjusted PS Ratio Chart
FRA:CHR vs LNWO, SGHC, RSI: Cyclically Adjusted PS Ratio Comparison
For the Gambling subindustry, Churchill Downs'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.
Churchill Downs Cyclically Adjusted PS Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Churchill Downs's Cyclically Adjusted PS Ratio falls into.
Churchill Downs 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.
Churchill Downs's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 3.56 mean?
Churchill Downs (FRA:CHR) has a Cyclically Adjusted PS Ratio of 3.56 as of Jul. 10, 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 Churchill Downs and its competitors. This is 47% below median its historical median of 6.69. Over the past decade, Churchill Downs' Cyclically Adjusted PS Ratio has ranged from 3.04 to 12.54. According to the industry distribution chart, Churchill Downs ranks #523 out of 668 companies in the Travel & Leisure industry, placing it in the top 78.3%.
Is Churchill Downs' Cyclically Adjusted PS Ratio too high?
Churchill Downs' current Cyclically Adjusted PS Ratio of 3.56 is 47% below median its 10-year median of 6.69. Over the past 10 years, this metric has ranged from a low of 3.04 to a high of 12.54. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.30. Churchill Downs' value of 3.56 is 173.8% above this industry median. Based on the distribution chart, Churchill Downs ranks #523 out of 668 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Churchill Downs has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Churchill Downs' Cyclically Adjusted PS Ratio compare to LNWO and SGHC?
According to the Travel & Leisure industry distribution chart, Churchill Downs ranks #523 out of 668 companies for Cyclically Adjusted PS Ratio. This places Churchill Downs in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.30. Churchill Downs' value of 3.56 is 173.8% above this benchmark. Historically, Churchill Downs' own Cyclically Adjusted PS Ratio has ranged from 3.04 to 12.54 over the past decade. While the company's 10-year median is 6.69 vs. the industry median of 1.30, Churchill Downs 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.30, based on 668 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. Churchill Downs's current Cyclically Adjusted PS Ratio of 3.56 is 173.8% 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 Churchill Downs and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Churchill Downs's current Cyclically Adjusted PS Ratio is 3.56, which is 47% below median its own 10-year median of 6.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Churchill Downs stock overvalued right now?
Churchill Downs (FRA:CHR) has a current Cyclically Adjusted PS Ratio of 3.56. The stock's GF Value™ is €132.56, compared to a current price of €73.00 — trading 44.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.56, which is 47% below median its 10-year median of 6.69 and 173.8% above the Travel & Leisure industry median of 1.30. Churchill Downs' overall GF Score™ is 82/100 with 4 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 Churchill Downs (FRA:CHR), the current Cyclically Adjusted PS Ratio is 3.56 as of Jul. 10, 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 Churchill Downs (FRA:CHR) Overvalued in 2026?
Based on GuruFocus' analysis, Churchill Downs stock appears to be undervalued.
The current stock price of €73.00 is trading 44.9% below its estimated GF Value™ of €132.56.
Key valuation signals for FRA:CHR:
Cyclically Adjusted PS Ratio: 3.56 (47% below median its 10-year median of 6.69)
GF Value™: €132.56 vs. price of €73.00 (44.9% below fair value)
Industry Position: 173.8% above the Travel & Leisure median (#523 of 668)
No single metric tells the full story. See the FRA:CHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
82GF Score
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