EVN AG (HAM:EVN) Cyclically Adjusted PS Ratio: 1.64 (As of Jul. 25, 2026) — 32% Above Median

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HAM:EVN EVN AG HAM:EVN
72 GF Score
Price €30.05
GF Value €23.34
Valuation Modestly Overvalued
! 5 Warning Signs
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What is EVN AG Cyclically Adjusted PS Ratio?

EVN AG HAM:EVN -0.83% 72 Cyclically Adjusted PS Ratio is 1.64 as of Jul. 25, 2026, which is 32% above its 10-year median of 1.24. GuruFocus rates HAM:EVN with a GF Score™ of 72/100 and a GF Value™ of €23.34 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 442 Utilities - Regulated companies, EVN AG ranks worse than 53.39% on this metric.

As of today (2026-07-25), EVN AG's current share price is €30.05. EVN AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €18.29. EVN AG's Cyclically Adjusted PS Ratio for today is 1.64.

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

HAM:EVN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.24   Max: 1.98
Current: 1.58

During the past years, EVN AG's highest Cyclically Adjusted PS Ratio was 1.98. The lowest was 0.64. And the median was 1.24.

HAM:EVN's Cyclically Adjusted PS Ratio is ranked worse than
53.39% of 442 companies
in the Utilities - Regulated industry
Industry Median: 1.44 vs HAM:EVN: 1.58

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.

EVN AG's adjusted revenue per share data for the three months ended in Mar. 2026 was €5.359. 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 €18.29 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


EVN AG  (HAM:EVN) 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.


EVN AG Cyclically Adjusted PS Ratio Related Terms


EVN AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for EVN AG'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.

EVN AG Cyclically Adjusted PS Ratio Chart

EVN AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.66 1.09 1.50 1.63 1.29

EVN AG 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 1.20 1.30 1.29 1.49 1.53

HAM:EVN vs SRE, AES: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Diversified subindustry, EVN AG'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.


EVN AG Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, EVN AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:EVN
72GF Score
EVN AG HAM:EVN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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EVN AG 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.

EVN AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=30.05/18.29
=1.64

* 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.

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

For example, EVN AG'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)
=5.359/142.1600*142.1600
=5.359

Current CPI (Mar. 2026) = 142.1600.

EVN AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.332 101.092 3.279
201609 2.408 101.192 3.383
201612 3.415 102.092 4.755
201703 3.956 102.592 5.482
201706 2.745 102.991 3.789
201709 2.530 103.591 3.472
201712 3.330 104.291 4.539
201803 3.697 104.491 5.030
201806 2.316 105.091 3.133
201809 2.383 105.691 3.205
201812 3.348 106.291 4.478
201903 3.632 106.391 4.853
201906 2.618 106.791 3.485
201909 2.760 106.991 3.667
201912 3.236 108.091 4.256
202003 3.471 108.024 4.568
202006 2.290 107.915 3.017
202009 2.867 108.348 3.762
202012 3.391 109.321 4.410
202103 3.795 110.186 4.896
202106 2.799 110.943 3.587
202109 3.404 111.916 4.324
202112 5.056 113.971 6.307
202203 6.944 117.647 8.391
202206 4.611 120.567 5.437
202209 6.276 123.811 7.206
202212 6.589 125.541 7.461
202303 5.691 128.460 6.298
202306 3.986 130.191 4.352
202309 4.850 131.272 5.252
202312 4.568 132.570 4.898
202403 4.524 133.759 4.808
202406 4.524 134.083 4.797
202409 3.602 133.651 3.831
202412 4.510 135.273 4.740
202503 4.872 137.760 5.028
202506 3.521 138.517 3.614
202509 3.587 138.950 3.670
202512 4.659 140.350 4.719
202603 5.359 142.160 5.359

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 1.64 mean?
EVN AG (HAM:EVN) has a Cyclically Adjusted PS Ratio of 1.64 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 EVN AG and its competitors. This is 32% above median its historical median of 1.24. Over the past decade, EVN AG's Cyclically Adjusted PS Ratio has ranged from 0.64 to 1.98. According to the industry distribution chart, EVN AG ranks #236 out of 442 companies in the Utilities - Regulated industry, placing it in the top 53.4%.
Is EVN AG's Cyclically Adjusted PS Ratio too high?
EVN AG's current Cyclically Adjusted PS Ratio of 1.64 is 32% above median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.98. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.44. EVN AG's value of 1.64 is 13.9% above this industry median. Based on the distribution chart, EVN AG ranks #236 out of 442 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, EVN AG has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EVN AG's Cyclically Adjusted PS Ratio compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, EVN AG ranks #236 out of 442 companies for Cyclically Adjusted PS Ratio. This places EVN AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.44. EVN AG's value of 1.64 is 13.9% above this benchmark. Historically, EVN AG's own Cyclically Adjusted PS Ratio has ranged from 0.64 to 1.98 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 1.44, EVN AG 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 an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.44, based on 442 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. EVN AG's current Cyclically Adjusted PS Ratio of 1.64 is 13.9% 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 EVN AG and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EVN AG's current Cyclically Adjusted PS Ratio is 1.64, which is 32% above median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EVN AG stock overvalued right now?
Based on GuruFocus' analysis, EVN AG (HAM:EVN) is currently considered Modestly Overvalued. The stock's GF Value™ is €23.34, compared to a current price of €30.05 — trading 28.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.64, which is 32% above median its 10-year median of 1.24 and 13.9% above the Utilities - Regulated industry median of 1.44. EVN AG's overall GF Score™ is 72/100 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 EVN AG (HAM:EVN), the current Cyclically Adjusted PS Ratio is 1.64 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 EVN AG (HAM:EVN) Overvalued in 2026?

Based on GuruFocus' analysis, EVN AG stock appears to be overvalued. The current stock price of €30.05 is trading 28.7% above its estimated GF Value™ of €23.34. GuruFocus considers EVN AG to be Modestly Overvalued.

Key valuation signals for HAM:EVN:

  • Cyclically Adjusted PS Ratio: 1.64 (32% above median its 10-year median of 1.24)
  • GF Value™: €23.34 vs. price of €30.05 (28.7% above fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 13.9% above the Utilities - Regulated median (#236 of 442)

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


EVN AG Business Description

Address EVN Platz, Maria Enzersdorf, AUT, A-2344
EVN AG is an Austrian-based utilities company that generates and distributes electricity and operates in natural gas, waste management, water supply, wastewater treatment and thermal waste utilization service. Evn operates in Austria, Bulgaria, North Macedonia, Croatia, Albania, and Germany. The company's operations are divided into segments that include Energy, Generation, Networks, South East Europe, Environment and All Other Segments, out of which South East Europe generates maximum revenue. The company earns majority revenue from Austria.
72GF Score

Get the complete analysis for HAM:EVN

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

€30.05
Price
€23.34
GF Value