Reliance (FRA:RS6) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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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:RS6 Reliance Inc FRA:RS6
90 GF Score
Price €338.00
GF Value €328.23
Valuation Fairly Valued
! 7 Warning Signs
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What is Reliance Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Reliance  (FRA:RS6) 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.


Reliance Cyclically Adjusted PS Ratio Related Terms


Reliance Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Reliance'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.

Reliance Cyclically Adjusted PS Ratio Chart

Reliance 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 1.07 1.21 1.46 1.37 1.23

Reliance 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 1.37 1.17 1.22 1.24 1.52

FRA:RS6 vs TX, CLF, STLD: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Reliance'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.


Reliance Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Reliance's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:RS6
90GF Score
Reliance Inc FRA:RS6
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Reliance 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.

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

For example, Reliance'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)
=77.51/333.9520*333.9520
=77.510

Current CPI (Jun. 2026) = 333.9520.

Reliance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 26.719 241.428 36.959
201612 26.069 241.432 36.059
201703 30.919 243.801 42.352
201706 30.602 244.955 41.720
201709 28.357 246.819 38.368
201712 27.414 246.524 37.136
201803 30.543 249.554 40.873
201806 34.371 251.989 45.551
201809 35.041 252.439 46.356
201812 35.040 251.233 46.577
201903 38.334 254.202 50.360
201906 37.751 256.143 49.219
201909 35.681 256.759 46.408
201912 32.601 256.974 42.367
202003 34.729 258.115 44.933
202006 28.393 257.797 36.780
202009 27.601 260.280 35.413
202012 27.732 260.474 35.555
202103 36.416 264.877 45.913
202106 43.801 271.696 53.837
202109 50.719 274.310 61.747
202112 54.983 278.802 65.859
202203 63.689 287.504 73.978
202206 70.175 296.311 79.089
202209 69.141 296.808 77.794
202212 59.374 296.797 66.807
202303 62.078 301.836 68.683
202306 60.076 305.109 65.755
202309 56.327 307.789 61.115
202312 53.452 306.746 58.193
202403 58.018 312.332 62.034
202406 58.963 314.175 62.675
202409 56.422 315.301 59.760
202412 53.728 315.605 56.851
202503 62.005 319.799 64.749
202506 61.011 322.561 63.166
202509 59.154 324.800 60.821
202512 57.391 324.054 59.144
202603 66.211 330.213 66.961
202606 77.510 333.952 77.510

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 Reliance (FRA:RS6) Overvalued in 2026?

Based on GuruFocus' analysis, Reliance stock appears to be overvalued. The current stock price of €338.00 is trading 3% above its estimated GF Value™ of €328.23. GuruFocus considers Reliance to be Fairly Valued.

Key valuation signals for FRA:RS6:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €328.23 vs. price of €338.00 (3% above fair value)
  • GF Score™: 90/100 with 7 warning signs

No single metric tells the full story. See the FRA:RS6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Reliance Business Description

Other Exchanges RS:USARS6:Germany
Address 735 North 19th Avenue, Phoenix, AZ, USA, 85009
Reliance Inc operates a network of companies providing diversified metal solutions and is the metals service center company. It distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and other specialty steel products. The company services more than 125,000 customers in a variety of industries, including consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, industrial machinery and heavy industry. It also services the auto industry, through its toll processing operations where it processes customer-owned metal for a fee.
90GF Score

Get the complete analysis for FRA:RS6

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

€338.00
Price
€328.23
GF Value