KEP (Korea Electric Power) Cyclically Adjusted PS Ratio: 0.29 (As of Aug. 18, 2026) — 12% Above Median

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.

KEP Korea Electric Power Corp KEP
65 GF Score
Price $11.81
GF Value $8.14
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Korea Electric Power Cyclically Adjusted PS Ratio?

Korea Electric Power KEP +0.34% 65 Cyclically Adjusted PS Ratio is 0.29 as of Aug. 18, 2026, which is 12% above its 10-year median of 0.26. GuruFocus rates KEP with a GF Score™ of 65/100 and a GF Value™ of $8.14 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 438 Utilities - Regulated companies, Korea Electric Power ranks better than 89.27% on this metric.

As of today (2026-08-18), Korea Electric Power's current share price is $11.81. Korea Electric Power's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $41.21. Korea Electric Power's Cyclically Adjusted PS Ratio for today is 0.29.

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

KEP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.26   Max: 0.8
Current: 0.26

During the past years, Korea Electric Power's highest Cyclically Adjusted PS Ratio was 0.80. The lowest was 0.15. And the median was 0.26.

KEP's Cyclically Adjusted PS Ratio is ranked better than
89.27% of 438 companies
in the Utilities - Regulated industry
Industry Median: 1.445 vs KEP: 0.26

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.

Korea Electric Power's adjusted revenue per share data for the three months ended in Jun. 2026 was $11.162. 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 $41.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Korea Electric Power  (NYSE:KEP) 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.


Korea Electric Power Cyclically Adjusted PS Ratio Related Terms


Korea Electric Power Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Korea Electric Power'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.

Korea Electric Power Cyclically Adjusted PS Ratio Chart

Korea Electric Power 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 0.23 0.21 0.17 0.17 0.39

Korea Electric Power 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 0.33 0.30 0.39 0.34 0.29

KEP vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, Korea Electric Power'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.


Korea Electric Power Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Korea Electric Power's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


KEP
65GF Score
Korea Electric Power Corp KEP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Korea Electric Power 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.

Korea Electric Power's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.81/41.21
=0.29

* 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.

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

For example, Korea Electric Power'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)
=11.162/126.4904*126.4904
=11.162

Current CPI (Jun. 2026) = 126.4904.

Korea Electric Power Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 11.204 101.461 13.968
201612 9.782 101.561 12.183
201703 10.404 102.851 12.795
201706 8.902 102.611 10.974
201709 11.142 103.491 13.618
201712 10.843 102.991 13.317
201803 11.433 104.101 13.892
201806 9.492 104.130 11.530
201809 11.413 105.651 13.664
201812 10.117 104.351 12.263
201903 10.495 104.491 12.705
201906 8.673 104.881 10.460
201909 10.379 105.200 12.479
201912 9.505 105.121 11.437
202003 9.650 105.354 11.586
202006 8.436 105.112 10.152
202009 10.398 106.198 12.385
202012 10.004 105.765 11.964
202103 10.399 107.357 12.252
202106 9.431 107.579 11.089
202109 10.932 108.759 12.714
202112 9.780 109.676 11.279
202203 10.504 111.848 11.879
202206 9.468 114.072 10.499
202209 11.029 114.715 12.161
202212 11.308 115.179 12.419
202303 12.878 116.507 13.981
202306 11.781 117.182 12.717
202309 14.284 118.964 15.188
202312 13.011 118.837 13.849
202403 13.623 120.123 14.345
202406 11.563 120.007 12.188
202409 15.278 120.861 15.990
202412 12.282 121.135 12.825
202503 12.937 122.590 13.349
202506 12.527 122.611 12.923
202509 15.417 123.402 15.803
202512 12.130 123.939 12.380
202603 12.749 125.236 12.877
202606 11.162 126.490 11.162

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 0.29 mean?
Korea Electric Power (KEP) has a Cyclically Adjusted PS Ratio of 0.29 as of Aug. 18, 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 Korea Electric Power and its competitors. This is 12% above median its historical median of 0.26. Over the past decade, Korea Electric Power's Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.80. According to the industry distribution chart, Korea Electric Power ranks #47 out of 438 companies in the Utilities - Regulated industry, placing it in the top 10.7%.
Is Korea Electric Power's Cyclically Adjusted PS Ratio too high?
Korea Electric Power's current Cyclically Adjusted PS Ratio of 0.29 is 12% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.80. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.45. Korea Electric Power's value of 0.29 is 79.9% below this industry median. Based on the distribution chart, Korea Electric Power ranks #47 out of 438 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Korea Electric Power has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Korea Electric Power's Cyclically Adjusted PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Korea Electric Power ranks #47 out of 438 companies for Cyclically Adjusted PS Ratio. This places Korea Electric Power in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.45. Korea Electric Power's value of 0.29 is 79.9% below this benchmark. Historically, Korea Electric Power's own Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.80 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 1.45, Korea Electric Power 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 Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.45, based on 438 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. Korea Electric Power's current Cyclically Adjusted PS Ratio of 0.29 is 79.9% 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 Korea Electric Power and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Korea Electric Power's current Cyclically Adjusted PS Ratio is 0.29, which is 12% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Korea Electric Power stock overvalued right now?
Based on GuruFocus' analysis, Korea Electric Power (KEP) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.14, compared to a current price of $11.81 — trading 45.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.29, which is 12% above median its 10-year median of 0.26 and 79.9% below the Utilities - Regulated industry median of 1.45. Korea Electric Power's overall GF Score™ is 65/100 with 3 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 Korea Electric Power (KEP), the current Cyclically Adjusted PS Ratio is 0.29 as of Aug. 18, 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 Korea Electric Power (KEP) Overvalued in 2026?

Based on GuruFocus' analysis, Korea Electric Power stock appears to be overvalued. The current stock price of $11.81 is trading 45.1% above its estimated GF Value™ of $8.14. GuruFocus considers Korea Electric Power to be Significantly Overvalued.

Key valuation signals for KEP:

  • Cyclically Adjusted PS Ratio: 0.29 (12% above median its 10-year median of 0.26)
  • GF Value™: $8.14 vs. price of $11.81 (45.1% above fair value)
  • GF Score™: 65/100 with 3 warning signs
  • Industry Position: 79.9% below the Utilities - Regulated median (#47 of 438)

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


Korea Electric Power Business Description

Address 55 Jeollyeok-ro, Jeollanam-do, Naju-si, KOR, 58322
Korea Electric Power Corp is an electric utility company in which the government of South Korea holds a controlling stake. The firm operates in the following segments: Transmission and distribution, Electric power generation (Nuclear), Electric power generation (Non-Nuclear), Plant maintenance & engineering service, and Others. The majority of the energy produced by the company comes from its nuclear and coal-fired assets. Korea Electric Power generates revenue through the Transmission and distribution segment. Geographically, it derives maximum revenue from Domestic operations.
65GF Score

Get the complete analysis for KEP

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

$11.81
Price
$8.14
GF Value