Williams (FRA:WMB) Cyclically Adjusted PS Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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
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:WMB Williams Companies Inc FRA:WMB
80 GF Score
Price €61.96
GF Value €54.62
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Williams Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Williams  (FRA:WMB) 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.


Williams Cyclically Adjusted PS Ratio Related Terms


Williams Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Williams'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.

Williams Cyclically Adjusted PS Ratio Chart

Williams 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 2.45 3.09 3.29 5.22 5.85

Williams 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 6.02 6.09 5.85 6.99 7.11

FRA:WMB vs EPD, KMI, ET: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Midstream subindustry, Williams'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.


Williams Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Williams's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:WMB
80GF Score
Williams Companies Inc FRA:WMB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Williams 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.

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

For example, Williams'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)
=2.163/333.9520*333.9520
=2.163

Current CPI (Jun. 2026) = 333.9520.

Williams Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.258 241.428 3.123
201612 2.775 241.432 3.838
201703 2.249 243.801 3.081
201706 2.067 244.955 2.818
201709 1.913 246.819 2.588
201712 2.269 246.524 3.074
201803 2.040 249.554 2.730
201806 2.156 251.989 2.857
201809 1.923 252.439 2.544
201812 1.597 251.233 2.123
201903 1.498 254.202 1.968
201906 1.488 256.143 1.940
201909 1.495 256.759 1.944
201912 1.562 256.974 2.030
202003 1.427 258.115 1.846
202006 1.302 257.797 1.687
202009 1.350 260.280 1.732
202012 1.414 260.474 1.813
202103 1.803 264.877 2.273
202106 1.556 271.696 1.913
202109 1.727 274.310 2.102
202112 2.362 278.802 2.829
202203 1.877 287.504 2.180
202206 1.927 296.311 2.172
202209 2.496 296.808 2.808
202212 2.259 296.797 2.542
202303 2.348 301.836 2.598
202306 1.879 305.109 2.057
202309 1.965 307.789 2.132
202312 2.086 306.746 2.271
202403 2.086 312.332 2.230
202406 1.776 314.175 1.888
202409 1.954 315.301 2.070
202412 2.137 315.605 2.261
202503 2.302 319.799 2.404
202506 1.970 322.561 2.040
202509 2.033 324.800 2.090
202512 2.224 324.054 2.292
202603 2.138 330.213 2.162
202606 2.163 333.952 2.163

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 Williams (FRA:WMB) Overvalued in 2026?

Based on GuruFocus' analysis, Williams stock appears to be overvalued. The current stock price of €61.96 is trading 13.4% above its estimated GF Value™ of €54.62. GuruFocus considers Williams to be Modestly Overvalued.

Key valuation signals for FRA:WMB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €54.62 vs. price of €61.96 (13.4% above fair value)
  • GF Score™: 80/100 with 9 warning signs

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


Williams Business Description

Industry EnergyOil & Gas
Address One Williams Center, Tulsa, OK, USA, 74172
Williams operates the Transco pipeline, which connects the Gulf Coast to the Northeast United States. It has additional natural gas transmission pipelines connecting the Rockies to the Pacific Northwest and midcontinent. At the field level, it operates substantial gathering and processing assets in Appalachia and other basins. The company has also struck several power supply agreements.
80GF Score

Get the complete analysis for FRA:WMB

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

€61.96
Price
€54.62
GF Value