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Hennessy AdvisorsHNNA -1.59%73 Cyclically Adjusted PS Ratio is 1.66 as of Aug. 20, 2026, which is 11% below its 10-year median of 1.87. GuruFocus rates HNNA with a GF Score™ of 73/100 and a GF Value™ of $9.81 (Fairly Valued). The stock has 2 warning signs investors should review. Among 922 Asset Management companies, Hennessy Advisors ranks better than 84.6% on this metric.
The historical rank and industry rank for Hennessy Advisors's Cyclically Adjusted PS Ratio or its related term are showing as below:
HNNA'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.04 Med: 1.87 Max: 9.94
Current: 1.69
During the past years, Hennessy Advisors's highest Cyclically Adjusted PS Ratio was 9.94. The lowest was 1.04. And the median was 1.87.
HNNA's Cyclically Adjusted PS Ratio is ranked better than 84.6% of 922
companies
in the Asset Management industry
Industry Median: 7.795
vs HNNA: 1.69
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.
Hennessy Advisors's adjusted revenue per share data for the three months ended in Jun. 2026 was $1.044. 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 $5.94 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Hennessy Advisors (NAS:HNNA) 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.
Hennessy Advisors Cyclically Adjusted PS Ratio Related Terms
Hennessy Advisors Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Hennessy Advisors'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.
Hennessy Advisors Cyclically Adjusted PS Ratio Chart
HNNA vs NMS, GDO, GLV: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, Hennessy Advisors'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.
Hennessy Advisors Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hennessy Advisors's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Hennessy Advisors's Cyclically Adjusted PS Ratio falls into.
Hennessy Advisors 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.
Hennessy Advisors's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 1.66 mean?
Hennessy Advisors (HNNA) has a Cyclically Adjusted PS Ratio of 1.66 as of Aug. 20, 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 Hennessy Advisors and its competitors. This is 11% below median its historical median of 1.87. Over the past decade, Hennessy Advisors' Cyclically Adjusted PS Ratio has ranged from 1.04 to 9.94. According to the industry distribution chart, Hennessy Advisors ranks #142 out of 922 companies in the Asset Management industry, placing it in the top 15.4%.
Is Hennessy Advisors' Cyclically Adjusted PS Ratio too high?
Hennessy Advisors' current Cyclically Adjusted PS Ratio of 1.66 is 11% below median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 9.94. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.80. Hennessy Advisors' value of 1.66 is 78.7% below this industry median. Based on the distribution chart, Hennessy Advisors ranks #142 out of 922 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Hennessy Advisors has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hennessy Advisors' Cyclically Adjusted PS Ratio compare to NMS and GDO?
According to the Asset Management industry distribution chart, Hennessy Advisors ranks #142 out of 922 companies for Cyclically Adjusted PS Ratio. This places Hennessy Advisors in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 7.80. Hennessy Advisors' value of 1.66 is 78.7% below this benchmark. Historically, Hennessy Advisors' own Cyclically Adjusted PS Ratio has ranged from 1.04 to 9.94 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 7.80, Hennessy Advisors 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 Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.80, based on 922 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. Hennessy Advisors's current Cyclically Adjusted PS Ratio of 1.66 is 78.7% 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 Hennessy Advisors and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hennessy Advisors's current Cyclically Adjusted PS Ratio is 1.66, which is 11% below median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hennessy Advisors stock overvalued right now?
Based on GuruFocus' analysis, Hennessy Advisors (HNNA) is currently considered Fairly Valued. The stock's GF Value™ is $9.81, compared to a current price of $9.89 — trading 0.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.66, which is 11% below median its 10-year median of 1.87 and 78.7% below the Asset Management industry median of 7.80. Hennessy Advisors' overall GF Score™ is 73/100 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 Hennessy Advisors (HNNA), the current Cyclically Adjusted PS Ratio is 1.66 as of Aug. 20, 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 Hennessy Advisors (HNNA) Overvalued in 2026?
Based on GuruFocus' analysis, Hennessy Advisors stock appears to be overvalued.
The current stock price of $9.89 is trading 0.8% above its estimated GF Value™ of $9.81.
GuruFocus considers Hennessy Advisors to be Fairly Valued.
Key valuation signals for HNNA:
Cyclically Adjusted PS Ratio: 1.66 (11% below median its 10-year median of 1.87)
GF Value™: $9.81 vs. price of $9.89 (0.8% above fair value)
Industry Position: 78.7% below the Asset Management median (#142 of 922)
No single metric tells the full story. See the HNNA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hennessy Advisors Inc is an investment management company that manages and markets open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, multi-asset sectors, specialty products, and fixed income products. The company earns revenues mainly from investment advisory services and secondarily from shareholder services. Advisory services include managing each fund's portfolio in line with its investment objectives, monitoring compliance and performance, overseeing sub-advisors and other service providers, and handling marketing, distribution, and regulatory reporting. Shareholder services cover investor support and coordination with the fund service provider, with all related fees based on the funds' average daily net asset values.
73GF Score
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