Rheinmetall AG (FRA:RHMB) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:RHMB Rheinmetall AG FRA:RHMB
81 GF Score
Price €206.00
GF Value €250.66
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Rheinmetall AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Rheinmetall AG  (FRA:RHMB) 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.


Rheinmetall AG Cyclically Adjusted PS Ratio Related Terms


Rheinmetall AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Rheinmetall AG'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.

Rheinmetall AG Cyclically Adjusted PS Ratio Chart

Rheinmetall AG 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 0.58 1.25 1.78 3.73 9.08

Rheinmetall AG 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 10.46 11.36 8.84 8.16 5.43

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

For the Aerospace & Defense subindustry, Rheinmetall AG'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.


Rheinmetall AG Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

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

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


FRA:RHMB
81GF Score
Rheinmetall AG FRA:RHMB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rheinmetall AG 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.

Rheinmetall AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Rheinmetall AG'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)
=14.111/131.3638*131.3638
=14.111

Current CPI (Jun. 2026) = 131.3638.

Rheinmetall AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.042 101.017 7.857
201612 7.955 101.217 10.324
201703 6.351 101.417 8.226
201706 6.929 102.117 8.913
201709 6.438 102.717 8.233
201712 8.032 102.617 10.282
201803 5.877 102.917 7.501
201806 6.964 104.017 8.795
201809 6.581 104.718 8.256
201812 9.232 104.217 11.637
201903 6.249 104.217 7.877
201906 6.845 105.718 8.506
201909 6.891 106.018 8.538
201912 9.093 105.818 11.288
202003 6.268 105.718 7.789
202006 5.385 106.618 6.635
202009 5.854 105.818 7.267
202012 8.204 105.518 10.214
202103 5.871 107.518 7.173
202106 6.088 108.486 7.372
202109 5.824 109.435 6.991
202112 8.405 110.384 10.003
202203 5.847 113.968 6.739
202206 6.503 115.760 7.380
202209 6.535 118.818 7.225
202212 10.697 119.345 11.774
202303 6.015 122.402 6.455
202306 6.906 123.140 7.367
202309 8.105 124.195 8.573
202312 10.585 123.773 11.234
202403 6.780 125.038 7.123
202406 10.291 125.882 10.739
202409 11.300 126.198 11.763
202412 14.385 127.041 14.874
202503 7.714 127.779 7.930
202506 8.456 128.412 8.650
202509 11.873 129.255 12.067
202512 10.375 129.361 10.536
202603 8.305 131.258 8.312
202606 14.111 131.364 14.111

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.

Is Rheinmetall AG (FRA:RHMB) Overvalued in 2026?

Based on GuruFocus' analysis, Rheinmetall AG stock appears to be undervalued. The current stock price of €206.00 is trading 17.8% below its estimated GF Value™ of €250.66. GuruFocus considers Rheinmetall AG to be Modestly Undervalued.

Key valuation signals for FRA:RHMB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €250.66 vs. price of €206.00 (17.8% below fair value)
  • GF Score™: 81/100 with 3 warning signs

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


Rheinmetall AG Business Description

Address Rheinmetall Platz 1, Dusseldorf, NW, DEU, 40476
Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapons and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapons and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators, and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.
81GF Score

Get the complete analysis for FRA:RHMB

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

€206.00
Price
€250.66
GF Value