VSE (FRA:VS3) Cyclically Adjusted PS Ratio: 3.15 (As of Jul. 25, 2026) — 350% Above Median

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FRA:VS3 VSE Corp FRA:VS3
83 GF Score
Price €168.00
GF Value €134.02
! 3 Warning Signs
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What is VSE Cyclically Adjusted PS Ratio?

VSE FRA:VS3 +0.60% 83 Cyclically Adjusted PS Ratio is 3.15 as of Jul. 25, 2026, which is 350% above its 10-year median of 0.70. GuruFocus rates FRA:VS3 with a GF Score™ of 83/100 and a GF Value™ of €134.02. The stock has 3 warning signs investors should review. Among 224 Aerospace & Defense companies, VSE ranks better than 51.34% on this metric.

As of today (2026-07-25), VSE's current share price is €168.00. VSE's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €53.33. VSE's Cyclically Adjusted PS Ratio for today is 3.15.

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

FRA:VS3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.7   Max: 3.43
Current: 2.88

During the past years, VSE's highest Cyclically Adjusted PS Ratio was 3.43. The lowest was 0.23. And the median was 0.70.

FRA:VS3's Cyclically Adjusted PS Ratio is ranked better than
51.34% of 224 companies
in the Aerospace & Defense industry
Industry Median: 3.05 vs FRA:VS3: 2.88

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.

VSE's adjusted revenue per share data for the three months ended in Mar. 2026 was €10.087. 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 €53.33 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


VSE  (FRA:VS3) 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.


VSE Cyclically Adjusted PS Ratio Related Terms


VSE Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for VSE'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.

VSE Cyclically Adjusted PS Ratio Chart

VSE 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 0.98 0.72 0.98 1.42 2.57

VSE 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 1.78 1.93 2.45 2.57 2.72

FRA:VS3 vs KRMN, MRCY, DPC: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, VSE'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.


VSE Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

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

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


FRA:VS3
83GF Score
VSE Corp FRA:VS3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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VSE 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.

VSE's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=168.00/53.33
=3.15

* 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.

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

For example, VSE'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)
=10.087/330.2130*330.2130
=10.087

Current CPI (Mar. 2026) = 330.2130.

VSE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 13.192 241.018 18.074
201609 14.220 241.428 19.449
201612 18.770 241.432 25.672
201703 17.003 243.801 23.029
201706 15.884 244.955 21.413
201709 13.459 246.819 18.006
201712 15.097 246.524 20.222
201803 13.165 249.554 17.420
201806 13.358 251.989 17.505
201809 13.240 252.439 17.319
201812 14.472 251.233 19.022
201903 13.703 254.202 17.800
201906 15.115 256.143 19.486
201909 16.282 256.759 20.940
201912 15.874 256.974 20.398
202003 14.464 258.115 18.504
202006 13.569 257.797 17.381
202009 12.659 260.280 16.060
202012 11.158 260.474 14.145
202103 11.385 264.877 14.193
202106 11.443 271.696 13.908
202109 13.346 274.310 16.066
202112 -4.096 278.802 -4.851
202203 16.400 287.504 18.836
202206 12.536 296.311 13.970
202209 13.172 296.808 14.654
202212 12.622 296.797 14.043
202303 13.627 301.836 14.908
202306 14.664 305.109 15.871
202309 14.404 307.789 15.453
202312 -4.703 306.746 -5.063
202403 9.372 312.332 9.909
202406 10.414 314.175 10.946
202409 9.929 315.301 10.399
202412 10.716 315.605 11.212
202503 11.420 319.799 11.792
202506 11.381 322.561 11.651
202509 11.612 324.800 11.806
202512 11.318 324.054 11.533
202603 10.087 330.213 10.087

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 3.15 mean?
VSE (FRA:VS3) has a Cyclically Adjusted PS Ratio of 3.15 as of Jul. 25, 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 VSE and its competitors. This is 350% above median its historical median of 0.70. Over the past decade, VSE's Cyclically Adjusted PS Ratio has ranged from 0.23 to 3.43. According to the industry distribution chart, VSE ranks #109 out of 224 companies in the Aerospace & Defense industry, placing it in the top 48.7%.
Is VSE's Cyclically Adjusted PS Ratio too high?
VSE's current Cyclically Adjusted PS Ratio of 3.15 is 350% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 3.43. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 3.05. VSE's value of 3.15 is 3.3% above this industry median. Based on the distribution chart, VSE ranks #109 out of 224 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, VSE has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does VSE's Cyclically Adjusted PS Ratio compare to KRMN and MRCY?
According to the Aerospace & Defense industry distribution chart, VSE ranks #109 out of 224 companies for Cyclically Adjusted PS Ratio. This puts VSE in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.05. VSE's value of 3.15 is 3.3% above this benchmark. Historically, VSE's own Cyclically Adjusted PS Ratio has ranged from 0.23 to 3.43 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 3.05, VSE 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 3.05, 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. VSE's current Cyclically Adjusted PS Ratio of 3.15 is 3.3% 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 VSE and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VSE's current Cyclically Adjusted PS Ratio is 3.15, which is 350% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VSE stock overvalued right now?
VSE (FRA:VS3) has a current Cyclically Adjusted PS Ratio of 3.15. The stock's GF Value™ is €134.02, compared to a current price of €168.00 — trading 25.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.15, which is 350% above median its 10-year median of 0.70 and 3.3% above the Aerospace & Defense industry median of 3.05. VSE's overall GF Score™ is 83/100 with 3 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 VSE (FRA:VS3), the current Cyclically Adjusted PS Ratio is 3.15 as of Jul. 25, 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 VSE (FRA:VS3) Overvalued in 2026?

Based on GuruFocus' analysis, VSE stock appears to be overvalued. The current stock price of €168.00 is trading 25.4% above its estimated GF Value™ of €134.02.

Key valuation signals for FRA:VS3:

  • Cyclically Adjusted PS Ratio: 3.15 (350% above median its 10-year median of 0.70)
  • GF Value™: €134.02 vs. price of €168.00 (25.4% above fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 3.3% above the Aerospace & Defense median (#109 of 224)

No single metric tells the full story. See the FRA:VS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VSE Business Description

Address 3361 Enterprise Way, Miramar, FL, USA, 33025
VSE Corp is a diversified aftermarket products and services company serving commercial and government markets. The Company's operations include aircraft and airframe parts supply and distribution, and MRO services of aircraft components and engine accessories. The Company operates as a single reportable segment: Aviation, which is a provider of aftermarket parts distribution and MRO services for components and engine accessories supporting commercial, business, and general aviation operators.
83GF Score

Get the complete analysis for FRA:VS3

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

€168.00
Price
€134.02
GF Value