PACCAR (HAM:PAE) 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.

HAM:PAE PACCAR Inc HAM:PAE
83 GF Score
Price €100.26
GF Value €75.20
! 8 Warning Signs
View Full Analysis

What is PACCAR Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PACCAR  (HAM:PAE) 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.


PACCAR Cyclically Adjusted PS Ratio Related Terms


PACCAR Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PACCAR'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.

PACCAR Cyclically Adjusted PS Ratio Chart

PACCAR 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 1.43 1.52 1.97 2.06 1.88

PACCAR 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 1.61 1.67 1.87 1.93 2.03

HAM:PAE vs CNH, OSK, AGCO: Cyclically Adjusted PS Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, PACCAR'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.


PACCAR Cyclically Adjusted PS Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, PACCAR's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:PAE
83GF Score
PACCAR Inc HAM:PAE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PACCAR 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.

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

For example, PACCAR'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)
=12.3/333.9520*333.9520
=12.300

Current CPI (Jun. 2026) = 333.9520.

PACCAR Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.196 241.428 9.954
201612 7.134 241.432 9.868
201703 7.508 243.801 10.284
201706 8.059 244.955 10.987
201709 8.139 246.819 11.012
201712 8.777 246.524 11.890
201803 8.683 249.554 11.620
201806 9.210 251.989 12.206
201809 9.394 252.439 12.427
201812 10.493 251.233 13.948
201903 10.968 254.202 14.409
201906 11.323 256.143 14.763
201909 10.990 256.759 14.294
201912 10.616 256.974 13.796
202003 8.994 258.115 11.637
202006 5.325 257.797 6.898
202009 8.087 260.280 10.376
202012 8.977 260.474 11.509
202103 9.300 264.877 11.725
202106 9.288 271.696 11.416
202109 8.359 274.310 10.176
202112 11.193 278.802 13.407
202203 11.039 287.504 12.822
202206 12.854 296.311 14.487
202209 13.394 296.808 15.070
202212 15.229 296.797 17.135
202303 15.060 301.836 16.662
202306 15.570 305.109 17.042
202309 15.241 307.789 16.537
202312 16.074 306.746 17.500
202403 15.324 312.332 16.385
202406 15.474 314.175 16.448
202409 14.227 315.301 15.069
202412 14.057 315.605 14.874
202503 13.414 319.799 14.008
202506 12.569 322.561 13.013
202509 10.838 324.800 11.143
202512 11.125 324.054 11.465
202603 10.975 330.213 11.099
202606 12.300 333.952 12.300

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 PACCAR (HAM:PAE) Overvalued in 2026?

Based on GuruFocus' analysis, PACCAR stock appears to be overvalued. The current stock price of €100.26 is trading 33.3% above its estimated GF Value™ of €75.20.

Key valuation signals for HAM:PAE:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €75.20 vs. price of €100.26 (33.3% above fair value)
  • GF Score™: 83/100 with 8 warning signs

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


PACCAR Business Description

Address 777 - 106th Avenue NE, Bellevue, WA, USA, 98004
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium nameplates Kenworth and Peterbilt, which are primarily sold in the Americas and Australia, and DAF, which primarily services Europe and South America. The trucks segment (74% sales) goes to market through a network of 2,200 independent dealers. Paccar maintains an internal finance subsidiary that provides retail and wholesale financing for customers and dealers (6% sales). In recent years, Paccar has aggressively expanded its parts business (20% of sales), including engines, axles, and transmissions for its own truck brands as well as independent producers. The company commands 30% of the Class 8 market share in North America and 15% of the heavy-duty market share in Europe.
83GF Score

Get the complete analysis for HAM:PAE

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

€100.26
Price
€75.20
GF Value