International Consolidated Airlines Group (FRA:INRA) Cyclically Adjusted PS Ratio: (As of Aug. 01, 2026)

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FRA:INRA International Consolidated Airlines Group SA FRA:INRA
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What is International Consolidated Airlines Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


International Consolidated Airlines Group  (FRA:INRA) 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.


International Consolidated Airlines Group Cyclically Adjusted PS Ratio Related Terms


International Consolidated Airlines Group Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for International Consolidated Airlines Group'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.

International Consolidated Airlines Group Cyclically Adjusted PS Ratio Chart

International Consolidated Airlines Group 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 0.00 0.00 0.00 0.00 0.00

International Consolidated Airlines Group 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 0.00 0.00 0.00 0.00 0.00

FRA:INRA vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, International Consolidated Airlines Group'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.


International Consolidated Airlines Group Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, International Consolidated Airlines Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where International Consolidated Airlines Group's Cyclically Adjusted PS Ratio falls into.


FRA:INRA
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International Consolidated Airlines Group SA FRA:INRA
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International Consolidated Airlines Group 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.

International Consolidated Airlines Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, International Consolidated Airlines Group'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)
=4.019/142.1000*142.1000
=4.019

Current CPI (Jun. 2026) = 142.1000.

International Consolidated Airlines Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.118 101.500 8.565
201612 4.994 102.200 6.944
201703 4.316 102.700 5.972
201706 5.583 103.500 7.665
201709 6.385 104.300 8.699
201712 5.303 105.000 7.177
201803 4.990 105.100 6.747
201806 6.010 105.900 8.064
201809 7.167 106.600 9.554
201812 5.962 107.100 7.910
201903 5.598 107.000 7.434
201906 6.758 107.900 8.900
201909 7.323 108.400 9.600
201912 6.239 108.500 8.171
202003 4.618 108.600 6.043
202006 0.708 108.800 0.925
202009 1.225 109.200 1.594
202012 0.524 109.400 0.681
202103 0.390 109.700 0.505
202106 0.502 111.400 0.640
202109 1.092 112.400 1.381
202112 1.425 114.700 1.765
202203 1,717,500.000 116.500 2,094,907.725
202206 2.389 120.500 2.817
202209 2.959 122.300 3.438
202212 2.382 125.300 2.701
202303 2,944,500.000 126.800 3,299,790.615
202306 3.128 129.400 3.435
202309 3.518 130.100 3.842
202312 2.758 130.500 3.003
202403 3.215 131.600 3.472
202406 3.373 133.000 3.604
202409 4,664,500.000 133.500 4,964,984.644
202412 3.075 135.100 3.234
202503 2.722 136.100 2.842
202506 3.797 138.400 3.899
202509 4,664,000.000 138.900 4,771,449.964
202512 3.231 139.900 3.282
202603 2.894 140.800 2.921
202606 4.019 142.100 4.019

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.


International Consolidated Airlines Group Business Description

Address Speedbird Way, Waterside (HAA2), PO Box 365, Harmondsworth, GBR, UB7 0GB
International Airlines Group is a European airline group flying under the British Airways, Iberia, Aer Lingus, and Vueling brands. The group's main airport hubs are London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. Geographically, it derives a majority of its revenue from the United Kingdom.
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