GD (General Dynamics) Cyclically Adjusted PS Ratio: (As of Sep. 20, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

GD General Dynamics Corp GD
88 GF Score
Price $353.05
GF Value $358.66
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is General Dynamics Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


General Dynamics  (NYSE:GD) 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.


General Dynamics Cyclically Adjusted PS Ratio Related Terms


General Dynamics Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for General Dynamics'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.

General Dynamics Cyclically Adjusted PS Ratio Chart

General Dynamics 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 1.71 1.87 1.84 1.76 2.10

General Dynamics 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 1.86 2.14 2.09 2.07 2.09

GD vs HWM, NOC, LMT: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, General Dynamics'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.


General Dynamics Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

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

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


GD
88GF Score
General Dynamics Corp GD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

General Dynamics 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.

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

For example, General Dynamics'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)
=51.528/333.9520*333.9520
=51.528

Current CPI (Jun. 2026) = 333.9520.

General Dynamics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 24.722 241.428 34.196
201612 24.810 241.432 34.318
201703 24.216 243.801 33.170
201706 25.135 244.955 34.267
201709 24.955 246.819 33.765
201712 27.371 246.524 37.078
201803 25.025 249.554 33.488
201806 30.606 251.989 40.561
201809 30.406 252.439 40.224
201812 35.013 251.233 46.541
201903 31.837 254.202 41.825
201906 32.856 256.143 42.837
201909 33.555 256.759 43.643
201912 37.033 256.974 48.126
202003 30.175 258.115 39.041
202006 32.286 257.797 41.824
202009 32.835 260.280 42.129
202012 36.506 260.474 46.804
202103 32.921 264.877 41.506
202106 32.670 271.696 40.156
202109 34.122 274.310 41.541
202112 36.679 278.802 43.934
202203 33.550 287.504 38.970
202206 32.942 296.311 37.127
202209 36.091 296.808 40.608
202212 39.145 296.797 44.045
202303 35.717 301.836 39.517
202306 36.905 305.109 40.394
202309 38.476 307.789 41.747
202312 42.291 306.746 46.042
202403 38.740 312.332 41.422
202406 43.122 314.175 45.836
202409 41.999 315.301 44.483
202412 48.169 315.605 50.969
202503 44.979 319.799 46.970
202506 48.132 322.561 49.832
202509 47.341 324.800 48.675
202512 52.497 324.054 54.100
202603 49.178 330.213 49.735
202606 51.528 333.952 51.528

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 General Dynamics (GD) Overvalued in 2026?

Based on GuruFocus' analysis, General Dynamics stock appears to be undervalued. The current stock price of $353.05 is trading 1.6% below its estimated GF Value™ of $358.66. GuruFocus considers General Dynamics to be Fairly Valued.

Key valuation signals for GD:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $358.66 vs. price of $353.05 (1.6% below fair value)
  • GF Score™: 88/100 with 4 warning signs

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


General Dynamics Business Description

Address 11011 Sunset Hills Road, Reston, VA, USA, 20190
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments are aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and Navy support ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business focusing on electronics that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
88GF Score

Get the complete analysis for GD

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

$353.05
Price
$358.66
GF Value