Mips AB (HAM:7M1) Cyclically Adjusted PS Ratio: 26.12 (As of Jul. 30, 2026) — 18% Above Median

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.

HAM:7M1 Mips AB HAM:7M1
91 GF Score
Price €39.18
GF Value €49.89
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Mips AB Cyclically Adjusted PS Ratio?

Mips AB HAM:7M1 +7.17% 91 Cyclically Adjusted PS Ratio is 26.12 as of Jul. 30, 2026, which is 18% above its 10-year median of 22.12. GuruFocus rates HAM:7M1 with a GF Score™ of 91/100 and a GF Value™ of €49.89 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 670 Travel & Leisure companies, Mips AB ranks worse than 97.76% on this metric.

As of today (2026-07-30), Mips AB's current share price is €39.18. Mips AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €1.50. Mips AB's Cyclically Adjusted PS Ratio for today is 26.12.

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

HAM:7M1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 13.65   Med: 22.12   Max: 30.36
Current: 23.13

During the past years, Mips AB's highest Cyclically Adjusted PS Ratio was 30.36. The lowest was 13.65. And the median was 22.12.

HAM:7M1's Cyclically Adjusted PS Ratio is ranked worse than
97.76% of 670 companies
in the Travel & Leisure industry
Industry Median: 1.295 vs HAM:7M1: 23.13

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.

Mips AB's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.799. 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 €1.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mips AB  (HAM:7M1) 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.


Mips AB Cyclically Adjusted PS Ratio Related Terms


Mips AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mips AB'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.

Mips AB Cyclically Adjusted PS Ratio Chart

Mips AB 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 0.00 0.00 22.76

Mips AB 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 29.05 22.19 22.76 14.31 15.32

HAM:7M1 vs AS, HAS, LTH: Cyclically Adjusted PS Ratio Comparison

For the Leisure subindustry, Mips AB'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.


Mips AB Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mips AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:7M1
91GF Score
Mips AB HAM:7M1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mips AB 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.

Mips AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.18/1.50
=26.12

* 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.

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

For example, Mips AB'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)
=0.799/134.1100*134.1100
=0.799

Current CPI (Jun. 2026) = 134.1100.

Mips AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.100 101.138 0.133
201612 0.147 102.022 0.193
201703 0.100 102.022 0.131
201706 0.148 102.752 0.193
201709 0.113 103.279 0.147
201712 0.162 103.793 0.209
201803 0.092 103.962 0.119
201806 0.214 104.875 0.274
201809 0.191 105.679 0.242
201812 0.234 105.912 0.296
201903 0.166 105.886 0.210
201906 0.302 106.742 0.379
201909 0.192 107.214 0.240
201912 0.325 107.766 0.404
202003 0.198 106.563 0.249
202006 0.240 107.498 0.299
202009 0.373 107.635 0.465
202012 0.523 108.296 0.648
202103 0.309 108.360 0.382
202106 0.531 108.928 0.654
202109 0.686 110.338 0.834
202112 0.724 112.486 0.863
202203 0.491 114.825 0.573
202206 0.734 118.384 0.832
202209 0.397 122.296 0.435
202212 0.370 126.365 0.393
202303 0.298 127.042 0.315
202306 0.331 129.407 0.343
202309 0.247 130.224 0.254
202312 0.307 131.912 0.312
202403 0.274 132.205 0.278
202406 0.445 132.716 0.450
202409 0.408 132.304 0.414
202412 0.472 132.987 0.476
202503 0.399 132.825 0.403
202506 0.463 133.699 0.464
202509 0.463 133.480 0.465
202512 0.510 133.390 0.513
202603 0.529 133.560 0.531
202606 0.799 134.110 0.799

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 26.12 mean?
Mips AB (HAM:7M1) has a Cyclically Adjusted PS Ratio of 26.12 as of Jul. 30, 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 Mips AB and its competitors. This is 18% above median its historical median of 22.12. Over the past decade, Mips AB's Cyclically Adjusted PS Ratio has ranged from 13.65 to 30.36. According to the industry distribution chart, Mips AB ranks #655 out of 670 companies in the Travel & Leisure industry, placing it in the top 97.8%.
Is Mips AB's Cyclically Adjusted PS Ratio too high?
Mips AB's current Cyclically Adjusted PS Ratio of 26.12 is 18% above median its 10-year median of 22.12. Over the past 10 years, this metric has ranged from a low of 13.65 to a high of 30.36. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.30. Mips AB's value of 26.12 is 1917% above this industry median. Based on the distribution chart, Mips AB ranks #655 out of 670 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Mips AB has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mips AB's Cyclically Adjusted PS Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Mips AB ranks #655 out of 670 companies for Cyclically Adjusted PS Ratio. This places Mips AB in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.30. Mips AB's value of 26.12 is 1917% above this benchmark. Historically, Mips AB's own Cyclically Adjusted PS Ratio has ranged from 13.65 to 30.36 over the past decade. While the company's 10-year median is 22.12 vs. the industry median of 1.30, Mips AB 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.30, based on 670 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. Mips AB's current Cyclically Adjusted PS Ratio of 26.12 is 1917% 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 Mips AB and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mips AB's current Cyclically Adjusted PS Ratio is 26.12, which is 18% above median its own 10-year median of 22.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mips AB stock overvalued right now?
Based on GuruFocus' analysis, Mips AB (HAM:7M1) is currently considered Modestly Undervalued. The stock's GF Value™ is €49.89, compared to a current price of €39.18 — trading 21.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 26.12, which is 18% above median its 10-year median of 22.12 and 1917% above the Travel & Leisure industry median of 1.30. Mips AB's overall GF Score™ is 91/100 with 5 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 Mips AB (HAM:7M1), the current Cyclically Adjusted PS Ratio is 26.12 as of Jul. 30, 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 Mips AB (HAM:7M1) Overvalued in 2026?

Based on GuruFocus' analysis, Mips AB stock appears to be undervalued. The current stock price of €39.18 is trading 21.5% below its estimated GF Value™ of €49.89. GuruFocus considers Mips AB to be Modestly Undervalued.

Key valuation signals for HAM:7M1:

  • Cyclically Adjusted PS Ratio: 26.12 (18% above median its 10-year median of 22.12)
  • GF Value™: €49.89 vs. price of €39.18 (21.5% below fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 1917% above the Travel & Leisure median (#655 of 670)

No single metric tells the full story. See the HAM:7M1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mips AB Business Description

Address Kemistvagen 1B, Taby, Stockholm, SWE, 183 79
Mips AB is a safety solutions provider that develops and sells the Mips safety system, comprising a low friction layer with different components that are designed for different helmet models. The system is adapted to different helmet models and is used by manufacturers in helmets for activities such as cycling, snow sports, motorcycling, and professional safety applications. The company sells its products and licenses the associated technology to helmet brands that manufacture, market, and sell helmets to end-users, directly or indirectly. Geographically, the company derives the majority of revenue from North America.
91GF Score

Get the complete analysis for HAM:7M1

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

€39.18
Price
€49.89
GF Value