INSM (Insmed) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

INSM Insmed Inc INSM
69 GF Score
Price $120.00
GF Value $216.47
Valuation Possible Value Trap
! 4 Warning Signs
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What is Insmed Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Insmed  (NAS:INSM) 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.


Insmed Cyclically Adjusted PS Ratio Related Terms


Insmed Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Insmed'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.

Insmed Cyclically Adjusted PS Ratio Chart

Insmed 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 23.61 14.74 18.32 38.19 86.76

Insmed 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 48.20 67.83 78.57 68.94 41.42

INSM vs BNTX, INCY, ROIV: Cyclically Adjusted PS Ratio Comparison

For the Biotechnology subindustry, Insmed'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.


Insmed Cyclically Adjusted PS Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Insmed's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


INSM
69GF Score
Insmed Inc INSM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Insmed 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.

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

For example, Insmed'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)
=1.958/333.9520*333.9520
=1.958

Current CPI (Jun. 2026) = 333.9520.

Insmed Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 0.000 246.524 0.000
201803 0.000 249.554 0.000
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 0.128 251.233 0.170
201903 0.282 254.202 0.370
201906 0.366 256.143 0.477
201909 0.436 256.759 0.567
201912 0.511 256.974 0.664
202003 0.411 258.115 0.532
202006 0.440 257.797 0.570
202009 0.429 260.280 0.550
202012 0.405 260.474 0.519
202103 0.390 264.877 0.492
202106 0.414 271.696 0.509
202109 0.399 274.310 0.486
202112 0.474 278.802 0.568
202203 0.447 287.504 0.519
202206 0.545 296.311 0.614
202209 0.561 296.808 0.631
202212 0.447 296.797 0.503
202303 0.478 301.836 0.529
202306 0.561 305.109 0.614
202309 0.553 307.789 0.600
202312 0.578 306.746 0.629
202403 0.509 312.332 0.544
202406 0.584 314.175 0.621
202409 0.538 315.301 0.570
202412 0.583 315.605 0.617
202503 0.513 319.799 0.536
202506 0.567 322.561 0.587
202509 0.672 324.800 0.691
202512 1.235 324.054 1.273
202603 1.420 330.213 1.436
202606 1.958 333.952 1.958

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 Insmed (INSM) Overvalued in 2026?

Based on GuruFocus' analysis, Insmed stock appears to be undervalued. The current stock price of $120.00 is trading 44.6% below its estimated GF Value™ of $216.47. GuruFocus considers Insmed to be Possible Value Trap.

Key valuation signals for INSM:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $216.47 vs. price of $120.00 (44.6% below fair value)
  • GF Score™: 69/100 with 4 warning signs

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


Insmed Business Description

Address 700 US Highway 202/206, Bridgewater, NJ, USA, 08807
Insmed Inc is a biopharmaceutical company. Its commercial portfolio and clinical pipeline are organized around three therapeutic areas: Respiratory, Immunology and Inflammation, and Neuro and Other Rare. The company's two commercial products, Arikayce and Brinsupri, are both part of the Respiratory therapeutic area. The firm's clinical-stage programs are TPIP, INS1148, brensocatib, and INS1201, focusing on different therapeutic areas. Additionally, Insmed's pre-clinical research programs encompass various technologies and modalities, including gene therapy, AI-driven protein engineering, protein manufacturing, RNA end-joining, and synthetic rescue. Geographically, the company generates maximum revenue from the United States from the sale of its commercial products.
69GF Score

Get the complete analysis for INSM

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

$120.00
Price
$216.47
GF Value