Elbit Systems (FRA:EB2) Cyclically Adjusted PS Ratio: 6.09 (As of Jul. 07, 2026) — 189% Above Median


FRA:EB2 Elbit Systems Ltd FRA:EB2
82 GF Score
Price €684.00
GF Value €310.82
Valuation Significantly Overvalued
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What is Elbit Systems Cyclically Adjusted PS Ratio?

Elbit Systems FRA:EB2 -4.40% 82 Cyclically Adjusted PS Ratio is 6.09 as of Jul. 07, 2026, which is 189% above its 10-year median of 2.11. GuruFocus rates FRA:EB2 with a GF Score™ of 82/100 and a GF Value™ of €310.82 (Significantly Overvalued). Among 224 Aerospace & Defense companies, Elbit Systems ranks worse than 67.86% on this metric.

As of today (2026-07-07), Elbit Systems's current share price is €684.00. Elbit Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €112.37. Elbit Systems's Cyclically Adjusted PS Ratio for today is 6.09.

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

FRA:EB2' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.51   Med: 2.11   Max: 7.26
Current: 5.95

During the past years, Elbit Systems's highest Cyclically Adjusted PS Ratio was 7.26. The lowest was 1.51. And the median was 2.11.

FRA:EB2's Cyclically Adjusted PS Ratio is ranked worse than
67.86% of 224 companies
in the Aerospace & Defense industry
Industry Median: 3.295 vs FRA:EB2: 5.95

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.

Elbit Systems's adjusted revenue per share data for the three months ended in Mar. 2026 was €39.343. 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 €112.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Elbit Systems  (FRA:EB2) 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.


Elbit Systems Cyclically Adjusted PS Ratio Related Terms


Elbit Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Elbit Systems'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.

Elbit Systems Cyclically Adjusted PS Ratio Chart

Elbit Systems 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 1.89 1.82 2.29 2.60 4.62

Elbit Systems 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 3.78 3.88 4.26 4.62 6.40

FRA:EB2 vs SPCX, GE, RTX: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, Elbit Systems'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.


Elbit Systems Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Elbit Systems's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:EB2
82GF Score
Elbit Systems Ltd FRA:EB2
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elbit Systems 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.

Elbit Systems's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=684.00/112.37
=6.09

* 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.

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

For example, Elbit Systems'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)
=39.343/330.2130*330.2130
=39.343

Current CPI (Mar. 2026) = 330.2130.

Elbit Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 16.748 241.018 22.946
201609 16.272 241.428 22.256
201612 21.147 241.432 28.923
201703 16.385 243.801 22.192
201706 17.034 244.955 22.963
201709 15.714 246.819 21.023
201712 19.888 246.524 26.640
201803 15.527 249.554 20.546
201806 17.862 251.989 23.407
201809 17.943 252.439 23.471
201812 22.086 251.233 29.029
201903 21.131 254.202 27.450
201906 21.370 256.143 27.550
201909 22.595 256.759 29.059
201912 26.856 256.974 34.510
202003 21.931 258.115 28.057
202006 21.669 257.797 27.756
202009 21.775 260.280 27.626
202012 25.622 260.474 32.482
202103 21.230 264.877 26.467
202106 24.430 271.696 29.692
202109 26.182 274.310 31.518
202112 29.816 278.802 35.314
202203 27.588 287.504 31.686
202206 27.658 296.311 30.822
202209 30.522 296.808 33.957
202212 31.899 296.797 35.490
202303 29.275 301.836 32.027
202306 30.064 305.109 32.538
202309 31.517 307.789 33.813
202312 33.404 306.746 35.960
202403 32.012 312.332 33.845
202406 33.855 314.175 35.583
202409 34.684 315.301 36.324
202412 41.021 315.605 42.920
202503 38.502 319.799 39.756
202506 36.625 322.561 37.494
202509 34.345 324.800 34.917
202512 38.420 324.054 39.150
202603 39.343 330.213 39.343

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 6.09 mean?
Elbit Systems (FRA:EB2) has a Cyclically Adjusted PS Ratio of 6.09 as of Jul. 07, 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 Elbit Systems and its competitors. This is 189% above median its historical median of 2.11. Over the past decade, Elbit Systems' Cyclically Adjusted PS Ratio has ranged from 1.51 to 7.26. According to the industry distribution chart, Elbit Systems ranks #152 out of 224 companies in the Aerospace & Defense industry, placing it in the top 67.9%.
Is Elbit Systems' Cyclically Adjusted PS Ratio too high?
Elbit Systems' current Cyclically Adjusted PS Ratio of 6.09 is 189% above median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 7.26. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 3.30. Elbit Systems' value of 6.09 is 84.8% above this industry median. Based on the distribution chart, Elbit Systems ranks #152 out of 224 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Elbit Systems has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elbit Systems' Cyclically Adjusted PS Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Elbit Systems ranks #152 out of 224 companies for Cyclically Adjusted PS Ratio. This places Elbit Systems in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.30. Elbit Systems' value of 6.09 is 84.8% above this benchmark. Historically, Elbit Systems' own Cyclically Adjusted PS Ratio has ranged from 1.51 to 7.26 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 3.30, Elbit Systems 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 an Aerospace & Defense company?
The median Cyclically Adjusted PS Ratio among Aerospace & Defense companies is 3.30, based on 224 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. Elbit Systems's current Cyclically Adjusted PS Ratio of 6.09 is 84.8% 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 Elbit Systems and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 3.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elbit Systems's current Cyclically Adjusted PS Ratio is 6.09, which is 189% above median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elbit Systems stock overvalued right now?
Based on GuruFocus' analysis, Elbit Systems (FRA:EB2) is currently considered Significantly Overvalued. The stock's GF Value™ is €310.82, compared to a current price of €684.00 — trading 120.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.09, which is 189% above median its 10-year median of 2.11 and 84.8% above the Aerospace & Defense industry median of 3.30. Elbit Systems' overall GF Score™ is 82/100. 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 Elbit Systems (FRA:EB2), the current Cyclically Adjusted PS Ratio is 6.09 as of Jul. 07, 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 Elbit Systems (FRA:EB2) Overvalued in 2026?

Based on GuruFocus' analysis, Elbit Systems stock appears to be overvalued. The current stock price of €684.00 is trading 120.1% above its estimated GF Value™ of €310.82. GuruFocus considers Elbit Systems to be Significantly Overvalued.

Key valuation signals for FRA:EB2:

  • Cyclically Adjusted PS Ratio: 6.09 (189% above median its 10-year median of 2.11)
  • GF Value™: €310.82 vs. price of €684.00 (120.1% above fair value)
  • GF Score™: 82/100
  • Industry Position: 84.8% above the Aerospace & Defense median (#152 of 224)

No single metric tells the full story. See the FRA:EB2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Elbit Systems Business Description

Other Exchanges ESLT:USAESLT:Israel
Address Advanced Technology Center, P.O. Box 539, Haifa, ISR, 3100401
Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security and commercial flight capabilities. Its systems and solutions may be installed on new platforms or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company operates in five segments: Aerospace; C4I and Cyber; ISTAR and EW; Land; and ESA. It derives maximum revenue from Land Segment. Geographically, it operates in Israel; North America; Europe; Asia-Pacific; Latin America; and Others.
82GF Score

Get the complete analysis for FRA:EB2

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

€684.00
Price
€310.82
GF Value