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Kobenhavns LufthavneFRA:KLH -2.90%74 Cyclically Adjusted PS Ratio is 9.70 as of Sep. 17, 2026, which is 7% below its 10-year median of 10.43. GuruFocus rates FRA:KLH with a GF Score™ of 74/100 and a GF Value™ of €978.26. The stock has 2 warning signs investors should review. Among 760 Transportation companies, Kobenhavns Lufthavne ranks worse than 97.5% on this metric.
The historical rank and industry rank for Kobenhavns Lufthavne's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:KLH'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.84 Med: 10.43 Max: 15.22
Current: 9.81
During the past years, Kobenhavns Lufthavne's highest Cyclically Adjusted PS Ratio was 15.22. The lowest was 6.84. And the median was 10.43.
FRA:KLH's Cyclically Adjusted PS Ratio is ranked worse than 97.5% of 760
companies
in the Transportation industry
Industry Median: 0.915
vs FRA:KLH: 9.81
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.
Kobenhavns Lufthavne's adjusted revenue per share data for the three months ended in Jun. 2026 was €26.785. 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 €75.91 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Kobenhavns Lufthavne (FRA:KLH) 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.
Kobenhavns Lufthavne Cyclically Adjusted PS Ratio Related Terms
Kobenhavns Lufthavne Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Kobenhavns Lufthavne'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.
Kobenhavns Lufthavne Cyclically Adjusted PS Ratio Chart
FRA:KLH vs JOBY, CAAP: Cyclically Adjusted PS Ratio Comparison
For the Airports & Air Services subindustry, Kobenhavns Lufthavne'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.
Kobenhavns Lufthavne Cyclically Adjusted PS Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Kobenhavns Lufthavne's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Kobenhavns Lufthavne's Cyclically Adjusted PS Ratio falls into.
Kobenhavns Lufthavne 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.
* 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 9.70 mean?
Kobenhavns Lufthavne (FRA:KLH) has a Cyclically Adjusted PS Ratio of 9.70 as of Sep. 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 Kobenhavns Lufthavne and its competitors. This is near median its historical median of 10.43. Over the past decade, Kobenhavns Lufthavne's Cyclically Adjusted PS Ratio has ranged from 6.84 to 15.22. According to the industry distribution chart, Kobenhavns Lufthavne ranks #741 out of 760 companies in the Transportation industry, placing it in the top 97.5%.
Is Kobenhavns Lufthavne's Cyclically Adjusted PS Ratio too high?
Kobenhavns Lufthavne's current Cyclically Adjusted PS Ratio of 9.70 is near median its 10-year median of 10.43. Over the past 10 years, this metric has ranged from a low of 6.84 to a high of 15.22. The Transportation industry median Cyclically Adjusted PS Ratio is 0.92. Kobenhavns Lufthavne's value of 9.70 is 960.1% above this industry median. Based on the distribution chart, Kobenhavns Lufthavne ranks #741 out of 760 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Kobenhavns Lufthavne has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Kobenhavns Lufthavne's Cyclically Adjusted PS Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Kobenhavns Lufthavne ranks #741 out of 760 companies for Cyclically Adjusted PS Ratio. This places Kobenhavns Lufthavne in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.92. Kobenhavns Lufthavne's value of 9.70 is 960.1% above this benchmark. Historically, Kobenhavns Lufthavne's own Cyclically Adjusted PS Ratio has ranged from 6.84 to 15.22 over the past decade. While the company's 10-year median is 10.43 vs. the industry median of 0.92, Kobenhavns Lufthavne 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.92, based on 760 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. Kobenhavns Lufthavne's current Cyclically Adjusted PS Ratio of 9.70 is 960.1% 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 Kobenhavns Lufthavne and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kobenhavns Lufthavne's current Cyclically Adjusted PS Ratio is 9.70, which is near median its own 10-year median of 10.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobenhavns Lufthavne stock overvalued right now?
Kobenhavns Lufthavne (FRA:KLH) has a current Cyclically Adjusted PS Ratio of 9.70. The stock's GF Value™ is €978.26, compared to a current price of €736.00 — trading 24.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.70, which is near median its 10-year median of 10.43 and 960.1% above the Transportation industry median of 0.92. Kobenhavns Lufthavne's overall GF Score™ is 74/100 with 2 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 Kobenhavns Lufthavne (FRA:KLH), the current Cyclically Adjusted PS Ratio is 9.70 as of Sep. 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 Kobenhavns Lufthavne (FRA:KLH) Overvalued in 2026?
Based on GuruFocus' analysis, Kobenhavns Lufthavne stock appears to be undervalued.
The current stock price of €736.00 is trading 24.8% below its estimated GF Value™ of €978.26.
Key valuation signals for FRA:KLH:
Cyclically Adjusted PS Ratio: 9.70 (near median its 10-year median of 10.43)
GF Value™: €978.26 vs. price of €736.00 (24.8% below fair value)
Industry Position: 960.1% above the Transportation median (#741 of 760)
No single metric tells the full story. See the FRA:KLH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kobenhavns Lufthavne owns and operates Airports in Denmark. The company manages the infrastructure, buildings, and other services in the Kastrup and Roskilde airports. Copenhagen Airports divides its activities into two areas; Aeronautical and Non-aeronautical. Its majority of revenues are derived from the Aeronautical segment which comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. The Non-aeronautical segment comprises the other facilities and services provided at the airports for passengers and others, including car-parking facilities, shops, restaurants, rest areas, lounges, and hotels.
74GF Score
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