HubSpot (HAM:096) Cyclically Adjusted PS Ratio: 5.84 (As of Jul. 25, 2026) — 75% Below Median

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HAM:096 HubSpot Inc HAM:096
64 GF Score
Price €168.00
GF Value €638.69
Valuation Significantly Undervalued
! 2 Warning Signs
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What is HubSpot Cyclically Adjusted PS Ratio?

HubSpot HAM:096 -6.67% 64 Cyclically Adjusted PS Ratio is 5.84 as of Jul. 25, 2026, which is 75% below its 10-year median of 23.03. GuruFocus rates HAM:096 with a GF Score™ of 64/100 and a GF Value™ of €638.69 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,593 Software companies, HubSpot ranks worse than 83.24% on this metric.

As of today (2026-07-25), HubSpot's current share price is €168.00. HubSpot's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €28.75. HubSpot's Cyclically Adjusted PS Ratio for today is 5.84.

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

HAM:096' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.24   Med: 23.03   Max: 31.58
Current: 6.1

During the past years, HubSpot's highest Cyclically Adjusted PS Ratio was 31.58. The lowest was 5.24. And the median was 23.03.

HAM:096's Cyclically Adjusted PS Ratio is ranked worse than
83.24% of 1593 companies
in the Software industry
Industry Median: 1.62 vs HAM:096: 6.10

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.

HubSpot's adjusted revenue per share data for the three months ended in Mar. 2026 was €14.494. 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 €28.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


HubSpot  (HAM:096) 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.


HubSpot Cyclically Adjusted PS Ratio Related Terms


HubSpot Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for HubSpot'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.

HubSpot Cyclically Adjusted PS Ratio Chart

HubSpot 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 0.00 0.00 28.17 27.10 12.72

HubSpot 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 20.96 19.35 15.44 12.72 7.27

HAM:096 vs FIG, BSY, GWRE: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, HubSpot'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.


HubSpot Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, HubSpot's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:096
64GF Score
HubSpot Inc HAM:096
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HubSpot 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=168.00/28.75
=5.84

* 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.

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

For example, HubSpot'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)
=14.494/330.2130*330.2130
=14.494

Current CPI (Mar. 2026) = 330.2130.

HubSpot Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.651 241.018 2.262
201609 1.777 241.428 2.430
201612 2.031 241.432 2.778
201703 2.124 243.801 2.877
201706 2.163 244.955 2.916
201709 2.213 246.819 2.961
201712 2.408 246.524 3.225
201803 2.456 249.554 3.250
201806 2.736 251.989 3.585
201809 2.915 252.439 3.813
201812 3.233 251.233 4.249
201903 3.312 254.202 4.302
201906 3.430 256.143 4.422
201909 3.707 256.759 4.768
201912 3.910 256.974 5.024
202003 4.161 258.115 5.323
202006 4.097 257.797 5.248
202009 4.250 260.280 5.392
202012 4.505 260.474 5.711
202103 5.091 264.877 6.347
202106 5.515 271.696 6.703
202109 6.129 274.310 7.378
202112 6.909 278.802 8.183
202203 7.550 287.504 8.672
202206 8.344 296.311 9.299
202209 9.329 296.808 10.379
202212 9.086 296.797 10.109
202303 9.485 301.836 10.377
202306 9.826 305.109 10.634
202309 10.438 307.789 11.198
202312 10.598 306.746 11.409
202403 11.030 312.332 11.661
202406 11.606 314.175 12.198
202409 11.654 315.301 12.205
202412 12.384 315.605 12.957
202503 12.666 319.799 13.078
202506 12.518 322.561 12.815
202509 13.095 324.800 13.313
202512 13.049 324.054 13.297
202603 14.494 330.213 14.494

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 5.84 mean?
HubSpot (HAM:096) has a Cyclically Adjusted PS Ratio of 5.84 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 HubSpot and its competitors. This is 75% below median its historical median of 23.03. Over the past decade, HubSpot's Cyclically Adjusted PS Ratio has ranged from 5.24 to 31.58. According to the industry distribution chart, HubSpot ranks #1326 out of 1593 companies in the Software industry, placing it in the top 83.2%.
Is HubSpot's Cyclically Adjusted PS Ratio too high?
HubSpot's current Cyclically Adjusted PS Ratio of 5.84 is 75% below median its 10-year median of 23.03. Over the past 10 years, this metric has ranged from a low of 5.24 to a high of 31.58. The Software industry median Cyclically Adjusted PS Ratio is 1.62. HubSpot's value of 5.84 is 260.5% above this industry median. Based on the distribution chart, HubSpot ranks #1326 out of 1593 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, HubSpot has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HubSpot's Cyclically Adjusted PS Ratio compare to FIG and BSY?
According to the Software industry distribution chart, HubSpot ranks #1326 out of 1593 companies for Cyclically Adjusted PS Ratio. This places HubSpot in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.62. HubSpot's value of 5.84 is 260.5% above this benchmark. Historically, HubSpot's own Cyclically Adjusted PS Ratio has ranged from 5.24 to 31.58 over the past decade. While the company's 10-year median is 23.03 vs. the industry median of 1.62, HubSpot 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 a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.62, based on 1,593 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. HubSpot's current Cyclically Adjusted PS Ratio of 5.84 is 260.5% 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 HubSpot and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HubSpot's current Cyclically Adjusted PS Ratio is 5.84, which is 75% below median its own 10-year median of 23.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HubSpot stock overvalued right now?
Based on GuruFocus' analysis, HubSpot (HAM:096) is currently considered Significantly Undervalued. The stock's GF Value™ is €638.69, compared to a current price of €168.00 — trading 73.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.84, which is 75% below median its 10-year median of 23.03 and 260.5% above the Software industry median of 1.62. HubSpot's overall GF Score™ is 64/100 with 2 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 HubSpot (HAM:096), the current Cyclically Adjusted PS Ratio is 5.84 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 HubSpot (HAM:096) Overvalued in 2026?

Based on GuruFocus' analysis, HubSpot stock appears to be undervalued. The current stock price of €168.00 is trading 73.7% below its estimated GF Value™ of €638.69. GuruFocus considers HubSpot to be Significantly Undervalued.

Key valuation signals for HAM:096:

  • Cyclically Adjusted PS Ratio: 5.84 (75% below median its 10-year median of 23.03)
  • GF Value™: €638.69 vs. price of €168.00 (73.7% below fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 260.5% above the Software median (#1326 of 1593)

No single metric tells the full story. See the HAM:096 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HubSpot Business Description

Address Two Canal Park, Cambridge, MA, USA, 02141
HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform. The applications are available ala carte or packaged together. HubSpot's mission is to help companies grow better and has expanded from its initial focus on inbound marketing to embrace marketing, sales, and service more broadly. The company was founded in 2006, completed its initial public offering in 2014, and is headquartered in Cambridge, Massachusetts.
64GF Score

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

€168.00
Price
€638.69
GF Value