Calumet (FRA:X3Q) Cyclically Adjusted PS Ratio: 0.87 (As of Aug. 25, 2026) — 625% Above Median

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FRA:X3Q Calumet Inc FRA:X3Q
50 GF Score
Price €41.66
GF Value €16.07
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Calumet Cyclically Adjusted PS Ratio?

Calumet FRA:X3Q +1.66% 50 Cyclically Adjusted PS Ratio is 0.87 as of Aug. 25, 2026, which is 625% above its 10-year median of 0.12. GuruFocus rates FRA:X3Q with a GF Score™ of 50/100 and a GF Value™ of €16.07 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,274 Chemicals companies, Calumet ranks better than 64.36% on this metric.

As of today (2026-08-25), Calumet's current share price is €41.66. Calumet's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €48.13. Calumet's Cyclically Adjusted PS Ratio for today is 0.87.

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

FRA:X3Q' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.12   Max: 0.88
Current: 0.85

During the past years, Calumet's highest Cyclically Adjusted PS Ratio was 0.88. The lowest was 0.01. And the median was 0.12.

FRA:X3Q's Cyclically Adjusted PS Ratio is ranked better than
64.36% of 1274 companies
in the Chemicals industry
Industry Median: 1.33 vs FRA:X3Q: 0.85

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.

Calumet's adjusted revenue per share data for the three months ended in Jun. 2026 was €14.321. 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 €48.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Calumet  (FRA:X3Q) 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.


Calumet Cyclically Adjusted PS Ratio Related Terms


Calumet Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Calumet'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.

Calumet Cyclically Adjusted PS Ratio Chart

Calumet 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 0.21 0.27 0.30 0.40 0.37

Calumet 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 0.29 0.34 0.37 0.65 0.65

FRA:X3Q vs AVNT, WDFC, ASH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Calumet'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.


Calumet Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


FRA:X3Q
50GF Score
Calumet Inc FRA:X3Q
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Calumet 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=41.66/48.13
=0.87

* 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.

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

For example, Calumet'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)
=14.321/333.9520*333.9520
=14.321

Current CPI (Jun. 2026) = 333.9520.

Calumet Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 11.137 241.428 15.405
201612 10.004 241.432 13.838
201703 10.591 243.801 14.507
201706 11.074 244.955 15.097
201709 11.094 246.819 15.010
201712 9.601 246.524 13.006
201803 7.799 249.554 10.437
201806 10.412 251.989 13.799
201809 10.505 252.439 13.897
201812 9.454 251.233 12.567
201903 9.637 254.202 12.660
201906 10.149 256.143 13.232
201909 10.780 256.759 14.021
201912 8.903 256.974 11.570
202003 7.995 258.115 10.344
202006 5.121 257.797 6.634
202009 6.124 260.280 7.857
202012 5.862 260.474 7.516
202103 6.416 264.877 8.089
202106 8.486 271.696 10.430
202109 9.417 274.310 11.464
202112 9.647 278.802 11.555
202203 12.607 287.504 14.644
202206 16.961 296.311 19.116
202209 14.624 296.808 16.454
202212 11.865 296.797 13.350
202303 12.120 301.836 13.410
202306 11.720 305.109 12.828
202309 13.398 307.789 14.537
202312 11.171 306.746 12.162
202403 11.516 312.332 12.313
202406 13.074 314.175 13.897
202409 11.592 315.301 12.278
202412 10.530 315.605 11.142
202503 10.637 319.799 11.108
202506 10.255 322.561 10.617
202509 10.569 324.800 10.867
202512 10.205 324.054 10.517
202603 10.238 330.213 10.354
202606 14.321 333.952 14.321

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 0.87 mean?
Calumet (FRA:X3Q) has a Cyclically Adjusted PS Ratio of 0.87 as of Aug. 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 Calumet and its competitors. This is 625% above median its historical median of 0.12. Over the past decade, Calumet's Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.88. According to the industry distribution chart, Calumet ranks #454 out of 1274 companies in the Chemicals industry, placing it in the top 35.6%.
Is Calumet's Cyclically Adjusted PS Ratio too high?
Calumet's current Cyclically Adjusted PS Ratio of 0.87 is 625% above median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.88. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.33. Calumet's value of 0.87 is 34.6% below this industry median. Based on the distribution chart, Calumet ranks #454 out of 1274 companies in the Chemicals industry, which is above the industry midpoint. Overall, Calumet has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Calumet's Cyclically Adjusted PS Ratio compare to AVNT and WDFC?
According to the Chemicals industry distribution chart, Calumet ranks #454 out of 1274 companies for Cyclically Adjusted PS Ratio. This puts Calumet in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.33. Calumet's value of 0.87 is 34.6% below this benchmark. Historically, Calumet's own Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.88 over the past decade. While the company's 10-year median is 0.12 vs. the industry median of 1.33, Calumet has consistently been below 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.33, based on 1,274 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. Calumet's current Cyclically Adjusted PS Ratio of 0.87 is 34.6% below 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 Calumet and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calumet's current Cyclically Adjusted PS Ratio is 0.87, which is 625% above median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calumet stock overvalued right now?
Based on GuruFocus' analysis, Calumet (FRA:X3Q) is currently considered Significantly Overvalued. The stock's GF Value™ is €16.07, compared to a current price of €41.66 — trading 159.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.87, which is 625% above median its 10-year median of 0.12 and 34.6% below the Chemicals industry median of 1.33. Calumet's overall GF Score™ is 50/100 with 10 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 Calumet (FRA:X3Q), the current Cyclically Adjusted PS Ratio is 0.87 as of Aug. 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 Calumet (FRA:X3Q) Overvalued in 2026?

Based on GuruFocus' analysis, Calumet stock appears to be overvalued. The current stock price of €41.66 is trading 159.2% above its estimated GF Value™ of €16.07. GuruFocus considers Calumet to be Significantly Overvalued.

Key valuation signals for FRA:X3Q:

  • Cyclically Adjusted PS Ratio: 0.87 (625% above median its 10-year median of 0.12)
  • GF Value™: €16.07 vs. price of €41.66 (159.2% above fair value)
  • GF Score™: 50/100 with 10 warning signs
  • Industry Position: 34.6% below the Chemicals median (#454 of 1274)

No single metric tells the full story. See the FRA:X3Q stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Calumet Business Description

Other Exchanges CLMT:USA
Address 1060 N Capitol Avenue, Suite 6-401, Indianapolis, IN, USA, 46204-1044
Calumet Inc is a producer of specialty products, including base oils, specialty oils, solvents, esters, and waxes, as well as a variety of fuel and fuel-related products, including asphalt and heavy fuel oils. The company manufactures, formulates, and markets a variety of specialty branded products to customers in various consumer-facing and industrial markets. Its segments include: Specialty Products and Solutions; Montana/Renewables; Performance Brands; and Corporate. The company generates maximum revenue from Fuels, asphalt and other by-products.
50GF Score

Get the complete analysis for FRA:X3Q

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

€41.66
Price
€16.07
GF Value