GNRV (Grand River Commerce) Cyclically Adjusted PS Ratio: (As of Sep. 22, 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
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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.

GNRV Grand River Commerce Inc GNRV
35 GF Score
Price $5.33
GF Value $2.87
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Grand River Commerce Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Grand River Commerce  (OTCPK:GNRV) 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.


Grand River Commerce Cyclically Adjusted PS Ratio Related Terms


Grand River Commerce Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Grand River Commerce'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.

Grand River Commerce Cyclically Adjusted PS Ratio Chart

Grand River Commerce 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 3.79 2.66 1.66 1.38 1.81

Grand River Commerce 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 1.76 1.87 1.79 1.95 2.47

GNRV vs FPBC, QNTO, EXCH: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Grand River Commerce'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.


Grand River Commerce Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Grand River Commerce's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


GNRV
35GF Score
Grand River Commerce Inc GNRV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Grand River Commerce 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.

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

For example, Grand River Commerce'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)
=0.487/333.9520*333.9520
=0.487

Current CPI (Jun. 2026) = 333.9520.

Grand River Commerce Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.509 241.428 0.704
201612 0.473 241.432 0.654
201703 0.421 243.801 0.577
201706 0.301 244.955 0.410
201709 0.314 246.819 0.425
201712 0.307 246.524 0.416
201803 0.309 249.554 0.414
201806 0.325 251.989 0.431
201809 0.320 252.439 0.423
201812 0.336 251.233 0.447
201903 0.347 254.202 0.456
201906 0.367 256.143 0.478
201909 0.366 256.759 0.476
201912 0.444 256.974 0.577
202003 0.432 258.115 0.559
202006 0.505 257.797 0.654
202009 0.643 260.280 0.825
202012 0.637 260.474 0.817
202103 0.622 264.877 0.784
202106 0.554 271.696 0.681
202109 0.622 274.310 0.757
202112 0.575 278.802 0.689
202203 0.518 287.504 0.602
202206 0.569 296.311 0.641
202209 0.635 296.808 0.714
202212 0.591 296.797 0.665
202303 0.468 301.836 0.518
202306 0.450 305.109 0.493
202309 0.478 307.789 0.519
202312 0.100 306.746 0.109
202403 0.445 312.332 0.476
202406 0.474 314.175 0.504
202409 0.475 315.301 0.503
202412 0.482 315.605 0.510
202503 0.347 319.799 0.362
202506 0.349 322.561 0.361
202509 0.469 324.800 0.482
202512 0.491 324.054 0.506
202603 0.355 330.213 0.359
202606 0.487 333.952 0.487

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 Grand River Commerce (GNRV) Overvalued in 2026?

Based on GuruFocus' analysis, Grand River Commerce stock appears to be overvalued. The current stock price of $5.33 is trading 85.7% above its estimated GF Value™ of $2.87. GuruFocus considers Grand River Commerce to be Significantly Overvalued.

Key valuation signals for GNRV:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $2.87 vs. price of $5.33 (85.7% above fair value)
  • GF Score™: 35/100 with 5 warning signs

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


Grand River Commerce Business Description

Address 4471 Wilson Avenue, South West, Grandville, MI, USA, 49418
Grand River Commerce Inc is a United States-based bank holding company. It operates a full-service commercial bank and offers a range of commercial and consumer banking services to businesses, professionals, and local residents. The bank's deposit products are Interest and Non-interest-bearing checking accounts, Savings accounts, and Time deposits, and its primary lending products are Real estate mortgages and commercial and consumer loans. The company's prime source of revenue is the interest income.
35GF Score

Get the complete analysis for GNRV

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

$5.33
Price
$2.87
GF Value