HEOL (Highwater Ethanol LLC) Cyclically Adjusted PS Ratio: 0.45 (As of Jul. 15, 2026) — 22% Above Median

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HEOL Highwater Ethanol LLC HEOL
24 GF Score
Price $14,555.00
GF Value $13,044.53
! 4 Warning Signs
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What is Highwater Ethanol LLC Cyclically Adjusted PS Ratio?

Highwater Ethanol LLC HEOL 24 Cyclically Adjusted PS Ratio is 0.45 as of Jul. 15, 2026, which is 22% above its 10-year median of 0.37. GuruFocus rates HEOL with a GF Score™ of 24/100 and a GF Value™ of $13,044.53. The stock has 4 warning signs investors should review. Among 705 Oil & Gas companies, Highwater Ethanol LLC ranks better than 70.07% on this metric.

As of today (2026-07-15), Highwater Ethanol LLC's current share price is $14555.00. Highwater Ethanol LLC's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was $32,465.29. Highwater Ethanol LLC's Cyclically Adjusted PS Ratio for today is 0.45.

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

HEOL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.37   Max: 0.57
Current: 0.45

During the past years, Highwater Ethanol LLC's highest Cyclically Adjusted PS Ratio was 0.57. The lowest was 0.22. And the median was 0.37.

HEOL's Cyclically Adjusted PS Ratio is ranked better than
70.07% of 705 companies
in the Oil & Gas industry
Industry Median: 1.03 vs HEOL: 0.45

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.

Highwater Ethanol LLC's adjusted revenue per share data for the three months ended in Apr. 2026 was $7,675.400. 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 $32,465.29 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Highwater Ethanol LLC  (OTCPK:HEOL) 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.


Highwater Ethanol LLC Cyclically Adjusted PS Ratio Related Terms


Highwater Ethanol LLC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Highwater Ethanol LLC'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.

Highwater Ethanol LLC Cyclically Adjusted PS Ratio Chart

Highwater Ethanol LLC Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.37 0.57 0.51 0.35

Highwater Ethanol LLC Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.51 0.50 0.35 0.38 0.42

HEOL vs BDCO, DLXY, FGPR: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Highwater Ethanol LLC'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.


Highwater Ethanol LLC Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Highwater Ethanol LLC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HEOL
24GF Score
Highwater Ethanol LLC HEOL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Highwater Ethanol LLC 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.

Highwater Ethanol LLC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14555.00/32465.29
=0.45

* 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.

Highwater Ethanol LLC's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Highwater Ethanol LLC's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=7675.4/333.0200*333.0200
=7,675.400

Current CPI (Apr. 2026) = 333.0200.

Highwater Ethanol LLC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 5,423.000 240.628 7,505.226
201610 4,911.200 241.729 6,765.956
201701 5,411.800 242.839 7,421.533
201704 4,743.800 244.524 6,460.635
201707 5,073.800 244.786 6,902.670
201710 4,815.800 246.663 6,501.817
201801 4,596.000 247.867 6,174.924
201804 4,852.600 250.546 6,449.965
201807 5,177.800 252.006 6,842.341
201810 4,362.600 252.885 5,745.035
201901 4,537.600 251.712 6,003.335
201904 4,588.000 255.548 5,978.899
201907 5,121.200 256.571 6,647.135
201910 5,203.000 257.346 6,732.971
202001 5,436.800 257.971 7,018.475
202004 4,051.400 256.389 5,262.305
202007 4,847.800 259.101 6,230.830
202010 5,115.200 260.388 6,542.022
202101 5,687.200 261.582 7,240.373
202104 6,972.800 267.054 8,695.177
202107 9,397.800 273.003 11,463.813
202110 9,685.800 276.589 11,661.943
202201 11,728.600 281.148 13,892.535
202204 9,086.800 289.109 10,466.939
202207 12,812.200 296.276 14,401.163
202210 10,647.200 298.012 11,897.946
202301 9,772.400 299.170 10,878.112
202304 9,742.400 303.363 10,694.825
202307 10,525.600 305.691 11,466.596
202310 9,770.200 307.671 10,575.166
202401 7,447.200 308.417 8,041.277
202404 6,508.600 313.548 6,912.798
202407 7,489.000 314.540 7,928.997
202410 6,918.800 315.664 7,299.213
202501 6,643.800 317.671 6,964.810
202504 7,018.200 320.795 7,285.653
202507 6,971.600 323.048 7,186.803
202510 7,600.200 0.000
202601 6,880.400 325.252 7,044.725
202604 7,675.400 333.020 7,675.400

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 0.45 mean?
Highwater Ethanol LLC (HEOL) has a Cyclically Adjusted PS Ratio of 0.45 as of Jul. 15, 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 Highwater Ethanol LLC and its competitors. This is 22% above median its historical median of 0.37. Over the past decade, Highwater Ethanol LLC's Cyclically Adjusted PS Ratio has ranged from 0.22 to 0.57. According to the industry distribution chart, Highwater Ethanol LLC ranks #211 out of 705 companies in the Oil & Gas industry, placing it in the top 29.9%.
Is Highwater Ethanol LLC's Cyclically Adjusted PS Ratio too high?
Highwater Ethanol LLC's current Cyclically Adjusted PS Ratio of 0.45 is 22% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.57. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.03. Highwater Ethanol LLC's value of 0.45 is 56.3% below this industry median. Based on the distribution chart, Highwater Ethanol LLC ranks #211 out of 705 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Highwater Ethanol LLC has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Highwater Ethanol LLC's Cyclically Adjusted PS Ratio compare to BDCO and DLXY?
According to the Oil & Gas industry distribution chart, Highwater Ethanol LLC ranks #211 out of 705 companies for Cyclically Adjusted PS Ratio. This puts Highwater Ethanol LLC in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.03. Highwater Ethanol LLC's value of 0.45 is 56.3% below this benchmark. Historically, Highwater Ethanol LLC's own Cyclically Adjusted PS Ratio has ranged from 0.22 to 0.57 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 1.03, Highwater Ethanol LLC has consistently been below 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 Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.03, based on 705 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. Highwater Ethanol LLC's current Cyclically Adjusted PS Ratio of 0.45 is 56.3% below 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 Highwater Ethanol LLC and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highwater Ethanol LLC's current Cyclically Adjusted PS Ratio is 0.45, which is 22% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highwater Ethanol LLC stock overvalued right now?
Highwater Ethanol LLC (HEOL) has a current Cyclically Adjusted PS Ratio of 0.45. The stock's GF Value™ is $13,044.53, compared to a current price of $14,555.00 — trading 11.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.45, which is 22% above median its 10-year median of 0.37 and 56.3% below the Oil & Gas industry median of 1.03. Highwater Ethanol LLC's overall GF Score™ is 24/100 with 4 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 Highwater Ethanol LLC (HEOL), the current Cyclically Adjusted PS Ratio is 0.45 as of Jul. 15, 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 Highwater Ethanol LLC (HEOL) Overvalued in 2026?

Based on GuruFocus' analysis, Highwater Ethanol LLC stock appears to be overvalued. The current stock price of $14,555.00 is trading 11.6% above its estimated GF Value™ of $13,044.53.

Key valuation signals for HEOL:

  • Cyclically Adjusted PS Ratio: 0.45 (22% above median its 10-year median of 0.37)
  • GF Value™: $13,044.53 vs. price of $14,555.00 (11.6% above fair value)
  • GF Score™: 24/100 with 4 warning signs
  • Industry Position: 56.3% below the Oil & Gas median (#211 of 705)

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


Highwater Ethanol LLC Business Description

Industry EnergyOil & Gas
Address 24500 US Highway 14, PO Box 96, Lamberton, MN, USA, 56152
Highwater Ethanol LLC is engaged in the production of ethanol and distillers grains at the plant. It focuses on the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process. Its products include fuel-grade ethanol, distillers grains, and corn oil. The company produces and sells fuel ethanol and co-products of the fuel ethanol production process in the continental United States.
24GF 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.

$14,555.00
Price
$13,044.53
GF Value