ICFI (ICF International) Cyclically Adjusted PS Ratio: 0.89 (As of Aug. 20, 2026) — 30% Below Median

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ICFI ICF International Inc ICFI
84 GF Score
Price $89.71
GF Value $102.03
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is ICF International Cyclically Adjusted PS Ratio?

ICF International ICFI -0.31% 84 Cyclically Adjusted PS Ratio is 0.89 as of Aug. 20, 2026, which is 30% below its 10-year median of 1.28. GuruFocus rates ICFI with a GF Score™ of 84/100 and a GF Value™ of $102.03 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 722 Business Services companies, ICF International ranks worse than 50.14% on this metric.

As of today (2026-08-20), ICF International's current share price is $89.71. ICF International's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $101.05. ICF International's Cyclically Adjusted PS Ratio for today is 0.89.

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

ICFI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.28   Max: 1.89
Current: 0.89

During the past years, ICF International's highest Cyclically Adjusted PS Ratio was 1.89. The lowest was 0.61. And the median was 1.28.

ICFI's Cyclically Adjusted PS Ratio is ranked worse than
50.14% of 722 companies
in the Business Services industry
Industry Median: 0.865 vs ICFI: 0.89

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.

ICF International's adjusted revenue per share data for the three months ended in Jun. 2026 was $26.291. 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 $101.05 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ICF International  (NAS:ICFI) 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.


ICF International Cyclically Adjusted PS Ratio Related Terms


ICF International Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ICF International'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.

ICF International Cyclically Adjusted PS Ratio Chart

ICF International 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 1.25 1.55 1.29 0.88

ICF International 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 0.88 0.96 0.88 0.66 0.72

ICFI vs CRAI, HURN, ROMA: Cyclically Adjusted PS Ratio Comparison

For the Consulting Services subindustry, ICF International'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.


ICF International Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, ICF International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ICFI
84GF Score
ICF International Inc ICFI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ICF International 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.

ICF International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=89.71/101.05
=0.89

* 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.

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

For example, ICF International'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)
=26.291/333.9520*333.9520
=26.291

Current CPI (Jun. 2026) = 333.9520.

ICF International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 15.858 241.428 21.935
201612 14.752 241.432 20.405
201703 15.255 243.801 20.896
201706 16.053 244.955 21.885
201709 16.048 246.819 21.713
201712 16.622 246.524 22.517
201803 15.804 249.554 21.149
201806 16.883 251.989 22.374
201809 17.247 252.439 22.816
201812 19.309 251.233 25.667
201903 17.716 254.202 23.274
201906 19.167 256.143 24.989
201909 19.506 256.759 25.370
201912 20.581 256.974 26.746
202003 18.661 258.115 24.144
202006 18.611 257.797 24.109
202009 18.878 260.280 24.221
202012 22.613 260.474 28.992
202103 19.797 264.877 24.960
202106 20.635 271.696 25.363
202109 20.674 274.310 25.169
202112 20.139 278.802 24.123
202203 21.748 287.504 25.262
202206 22.323 296.311 25.159
202209 24.608 296.808 27.688
202212 24.863 296.797 27.976
202303 25.504 301.836 28.218
202306 26.433 305.109 28.932
202309 26.432 307.789 28.679
202312 25.042 306.746 27.263
202403 26.097 312.332 27.903
202406 27.148 314.175 28.857
202409 27.340 315.301 28.957
202412 26.184 315.605 27.706
202503 26.198 319.799 27.357
202506 25.795 322.561 26.706
202509 25.122 324.800 25.830
202512 24.063 324.054 24.798
202603 23.846 330.213 24.116
202606 26.291 333.952 26.291

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 0.89 mean?
ICF International (ICFI) has a Cyclically Adjusted PS Ratio of 0.89 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 ICF International and its competitors. This is 30% below median its historical median of 1.28. Over the past decade, ICF International's Cyclically Adjusted PS Ratio has ranged from 0.61 to 1.89. According to the industry distribution chart, ICF International ranks #362 out of 722 companies in the Business Services industry, placing it in the top 50.1%.
Is ICF International's Cyclically Adjusted PS Ratio too high?
ICF International's current Cyclically Adjusted PS Ratio of 0.89 is 30% below median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.89. The Business Services industry median Cyclically Adjusted PS Ratio is 0.87. ICF International's value of 0.89 is 2.9% above this industry median. Based on the distribution chart, ICF International ranks #362 out of 722 companies in the Business Services industry, which is below the industry midpoint. Overall, ICF International has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ICF International's Cyclically Adjusted PS Ratio compare to CRAI and HURN?
According to the Business Services industry distribution chart, ICF International ranks #362 out of 722 companies for Cyclically Adjusted PS Ratio. This places ICF International in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.87. ICF International's value of 0.89 is 2.9% above this benchmark. Historically, ICF International's own Cyclically Adjusted PS Ratio has ranged from 0.61 to 1.89 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 0.87, ICF International 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.87, based on 722 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. ICF International's current Cyclically Adjusted PS Ratio of 0.89 is 2.9% 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 ICF International and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICF International's current Cyclically Adjusted PS Ratio is 0.89, which is 30% below median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICF International stock overvalued right now?
Based on GuruFocus' analysis, ICF International (ICFI) is currently considered Modestly Undervalued. The stock's GF Value™ is $102.03, compared to a current price of $89.71 — trading 12.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.89, which is 30% below median its 10-year median of 1.28 and 2.9% above the Business Services industry median of 0.87. ICF International's overall GF Score™ is 84/100 with 7 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 ICF International (ICFI), the current Cyclically Adjusted PS Ratio is 0.89 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 ICF International (ICFI) Overvalued in 2026?

Based on GuruFocus' analysis, ICF International stock appears to be undervalued. The current stock price of $89.71 is trading 12.1% below its estimated GF Value™ of $102.03. GuruFocus considers ICF International to be Modestly Undervalued.

Key valuation signals for ICFI:

  • Cyclically Adjusted PS Ratio: 0.89 (30% below median its 10-year median of 1.28)
  • GF Value™: $102.03 vs. price of $89.71 (12.1% below fair value)
  • GF Score™: 84/100 with 7 warning signs
  • Industry Position: 2.9% above the Business Services median (#362 of 722)

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


ICF International Business Description

Other Exchanges G6V:Germany
Address 1902 Reston Metro Plaza, Reston, VA, USA, 20190
ICF International Inc provides professional services and technology-based solutions, including management, technology and policy consulting and implementation services, to government and commercial clients in the U.S. and internationally. Its government clients include U.S. federal agencies, state and local governments and international governments, as well as commercial clients inside and outside the U.S. It supports clients in Energy, Environment, Infrastructure and Disaster Recovery; Health and Social Programs; and Security and Other Civilian and Commercial markets. The company delivers services across the life cycle of a policy, program or project through Advisory Services, Program Implementation, Analytics Services, Digital Services and Engagement Services.
84GF Score

Get the complete analysis for ICFI

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

$89.71
Price
$102.03
GF Value