Cardinal Health (FRA:CLH) Cyclically Adjusted PS Ratio: 0.31 (As of Jul. 17, 2026) — 94% Above Median

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FRA:CLH Cardinal Health Inc FRA:CLH
77 GF Score
Price €197.65
GF Value €120.32
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Cardinal Health Cyclically Adjusted PS Ratio?

Cardinal Health FRA:CLH -1.32% 77 Cyclically Adjusted PS Ratio is 0.31 as of Jul. 17, 2026, which is 94% above its 10-year median of 0.16. GuruFocus rates FRA:CLH with a GF Score™ of 77/100 and a GF Value™ of €120.32 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 89 Medical Distribution companies, Cardinal Health ranks better than 56.18% on this metric.

As of today (2026-07-17), Cardinal Health's current share price is €197.65. Cardinal Health's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €646.33. Cardinal Health's Cyclically Adjusted PS Ratio for today is 0.31.

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

FRA:CLH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.16   Max: 0.31
Current: 0.3

During the past years, Cardinal Health's highest Cyclically Adjusted PS Ratio was 0.31. The lowest was 0.11. And the median was 0.16.

FRA:CLH's Cyclically Adjusted PS Ratio is ranked better than
56.18% of 89 companies
in the Medical Distribution industry
Industry Median: 0.35 vs FRA:CLH: 0.30

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.

Cardinal Health's adjusted revenue per share data for the three months ended in Mar. 2026 was €223.361. 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 €646.33 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cardinal Health  (FRA:CLH) 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.


Cardinal Health Cyclically Adjusted PS Ratio Related Terms


Cardinal Health Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Cardinal Health'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.

Cardinal Health Cyclically Adjusted PS Ratio Chart

Cardinal Health Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.10 0.17 0.16 0.24

Cardinal Health 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 0.20 0.24 0.22 0.28 0.28

FRA:CLH vs COR, MCK, HSIC: Cyclically Adjusted PS Ratio Comparison

For the Medical Distribution subindustry, Cardinal Health'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.


Cardinal Health Cyclically Adjusted PS Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Cardinal Health's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:CLH
77GF Score
Cardinal Health Inc FRA:CLH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cardinal Health 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.

Cardinal Health's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=197.65/646.33
=0.31

* 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.

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

For example, Cardinal Health'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)
=223.361/330.2130*330.2130
=223.361

Current CPI (Mar. 2026) = 330.2130.

Cardinal Health Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 85.418 241.018 117.029
201609 88.655 241.428 121.258
201612 98.515 241.432 134.742
201703 93.562 243.801 126.724
201706 91.687 244.955 123.599
201709 86.119 246.819 115.216
201712 94.089 246.524 126.030
201803 86.592 249.554 114.580
201806 96.983 251.989 127.089
201809 98.619 252.439 129.003
201812 110.578 251.233 145.340
201903 104.270 254.202 135.449
201906 110.931 256.143 143.009
201909 114.546 256.759 147.315
201912 121.638 256.974 156.305
202003 120.534 258.115 154.202
202006 111.194 257.797 142.429
202009 113.195 260.280 143.609
202012 115.752 260.474 146.743
202103 112.214 264.877 139.893
202106 120.226 271.696 146.120
202109 129.318 274.310 155.672
202112 143.165 278.802 169.565
202203 148.040 287.504 170.031
202206 163.090 296.311 181.750
202209 183.513 296.808 204.167
202212 186.156 296.797 207.115
202303 182.771 301.836 199.954
202306 192.604 305.109 208.451
202309 205.651 307.789 220.634
202312 214.123 306.746 230.504
202403 206.035 312.332 217.830
202406 225.168 314.175 236.662
202409 192.251 315.301 201.343
202412 217.190 315.605 227.243
202503 210.631 319.799 217.490
202506 218.234 322.561 223.411
202509 228.183 324.800 231.986
202512 236.479 324.054 240.974
202603 223.361 330.213 223.361

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 0.31 mean?
Cardinal Health (FRA:CLH) has a Cyclically Adjusted PS Ratio of 0.31 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 Cardinal Health and its competitors. This is 94% above median its historical median of 0.16. Over the past decade, Cardinal Health's Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.31. According to the industry distribution chart, Cardinal Health ranks #39 out of 89 companies in the Medical Distribution industry, placing it in the top 43.8%.
Is Cardinal Health's Cyclically Adjusted PS Ratio too high?
Cardinal Health's current Cyclically Adjusted PS Ratio of 0.31 is 94% above median its 10-year median of 0.16. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.31. The Medical Distribution industry median Cyclically Adjusted PS Ratio is 0.35. Cardinal Health's value of 0.31 is 11.4% below this industry median. Based on the distribution chart, Cardinal Health ranks #39 out of 89 companies in the Medical Distribution industry, which is above the industry midpoint. Overall, Cardinal Health has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cardinal Health's Cyclically Adjusted PS Ratio compare to COR and MCK?
According to the Medical Distribution industry distribution chart, Cardinal Health ranks #39 out of 89 companies for Cyclically Adjusted PS Ratio. This puts Cardinal Health in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.35. Cardinal Health's value of 0.31 is 11.4% below this benchmark. Historically, Cardinal Health's own Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.31 over the past decade. While the company's 10-year median is 0.16 vs. the industry median of 0.35, Cardinal Health has consistently been below 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 Medical Distribution company?
The median Cyclically Adjusted PS Ratio among Medical Distribution companies is 0.35, based on 89 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. Cardinal Health's current Cyclically Adjusted PS Ratio of 0.31 is 11.4% below 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 Cardinal Health and its competitors. For the Medical Distribution industry, the median Cyclically Adjusted PS Ratio is 0.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cardinal Health's current Cyclically Adjusted PS Ratio is 0.31, which is 94% above median its own 10-year median of 0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cardinal Health stock overvalued right now?
Based on GuruFocus' analysis, Cardinal Health (FRA:CLH) is currently considered Significantly Overvalued. The stock's GF Value™ is €120.32, compared to a current price of €197.65 — trading 64.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.31, which is 94% above median its 10-year median of 0.16 and 11.4% below the Medical Distribution industry median of 0.35. Cardinal Health's overall GF Score™ is 77/100 with 6 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 Cardinal Health (FRA:CLH), the current Cyclically Adjusted PS Ratio is 0.31 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 Cardinal Health (FRA:CLH) Overvalued in 2026?

Based on GuruFocus' analysis, Cardinal Health stock appears to be overvalued. The current stock price of €197.65 is trading 64.3% above its estimated GF Value™ of €120.32. GuruFocus considers Cardinal Health to be Significantly Overvalued.

Key valuation signals for FRA:CLH:

  • Cyclically Adjusted PS Ratio: 0.31 (94% above median its 10-year median of 0.16)
  • GF Value™: €120.32 vs. price of €197.65 (64.3% above fair value)
  • GF Score™: 77/100 with 6 warning signs
  • Industry Position: 11.4% below the Medical Distribution median (#39 of 89)

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


Cardinal Health Business Description

Address 7000 Cardinal Place, Dublin, OH, USA, 43017
Cardinal Health is one of three leading pharmaceutical wholesalers in the US, engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospital networks, and healthcare providers. Cardinal, Cencora, and McKesson hold well over 90% of the US pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.
77GF Score

Get the complete analysis for FRA:CLH

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

€197.65
Price
€120.32
GF Value