LCII (LCI Industries) Cyclically Adjusted PS Ratio: 0.68 (As of Jul. 01, 2026) — 53% Below Median


LCII LCI Industries Inc LCII
73 GF Score
Price $104.37
GF Value $122.60
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is LCI Industries Cyclically Adjusted PS Ratio?

LCI Industries LCII -1.43% 73 Cyclically Adjusted PS Ratio is 0.68 as of Jul. 01, 2026, which is 53% below its 10-year median of 1.46. GuruFocus rates LCII with a GF Score™ of 73/100 and a GF Value™ of $122.60 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,043 Vehicles & Parts companies, LCI Industries ranks better than 50.91% on this metric.

As of today (2026-07-01), LCI Industries's current share price is $104.37. LCI Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $154.40. LCI Industries's Cyclically Adjusted PS Ratio for today is 0.68.

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

LCII' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.46   Max: 2.91
Current: 0.69

During the past years, LCI Industries's highest Cyclically Adjusted PS Ratio was 2.91. The lowest was 0.55. And the median was 1.46.

LCII's Cyclically Adjusted PS Ratio is ranked better than
50.91% of 1043 companies
in the Vehicles & Parts industry
Industry Median: 0.72 vs LCII: 0.69

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.

LCI Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was $43.773. 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 $154.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


LCI Industries  (NYSE:LCII) 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.


LCI Industries Cyclically Adjusted PS Ratio Related Terms


LCI Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for LCI Industries'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.

LCI Industries Cyclically Adjusted PS Ratio Chart

LCI Industries 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 1.72 0.82 1.00 0.75 0.81

LCI Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.62 0.63 0.63 0.81 0.80

LCII vs HOG, PATK, WGO: Cyclically Adjusted PS Ratio Comparison

For the Recreational Vehicles subindustry, LCI Industries'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.


LCI Industries Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, LCI Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LCII
73GF Score
LCI Industries Inc LCII
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LCI Industries 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.

LCI Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=104.37/154.40
=0.68

* 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.

LCI Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, LCI Industries's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=43.773/330.2130*330.2130
=43.773

Current CPI (Mar. 2026) = 330.2130.

LCI Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 17.693 241.018 24.241
201609 16.455 241.428 22.506
201612 16.061 241.432 21.967
201703 19.732 243.801 26.726
201706 21.635 244.955 29.165
201709 21.792 246.819 29.155
201712 21.453 246.524 28.736
201803 25.545 249.554 33.801
201806 26.890 251.989 35.237
201809 23.692 252.439 30.991
201812 21.189 251.233 27.850
201903 23.754 254.202 30.857
201906 25.071 256.143 32.321
201909 23.303 256.759 29.970
201912 22.370 256.974 28.746
202003 26.237 258.115 33.566
202006 20.848 257.797 26.704
202009 32.700 260.280 41.486
202012 30.875 260.474 39.141
202103 39.497 264.877 49.240
202106 43.085 271.696 52.365
202109 45.848 274.310 55.192
202112 47.408 278.802 56.150
202203 64.592 287.504 74.187
202206 60.199 296.311 67.087
202209 44.222 296.808 49.199
202212 35.078 296.797 39.027
202303 38.481 301.836 42.099
202306 39.888 305.109 43.170
202309 37.614 307.789 40.354
202312 32.808 306.746 35.318
202403 38.128 312.332 40.311
202406 41.348 314.175 43.459
202409 35.820 315.301 37.514
202412 31.376 315.605 32.828
202503 41.123 319.799 42.462
202506 44.014 322.561 45.058
202509 42.364 324.800 43.070
202512 38.213 324.054 38.939
202603 43.773 330.213 43.773

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 0.68 mean?
LCI Industries (LCII) has a Cyclically Adjusted PS Ratio of 0.68 as of Jul. 01, 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 LCI Industries and its competitors. This is 53% below median its historical median of 1.46. Over the past decade, LCI Industries' Cyclically Adjusted PS Ratio has ranged from 0.55 to 2.91. According to the industry distribution chart, LCI Industries ranks #512 out of 1043 companies in the Vehicles & Parts industry, placing it in the top 49.1%.
Is LCI Industries' Cyclically Adjusted PS Ratio too high?
LCI Industries' current Cyclically Adjusted PS Ratio of 0.68 is 53% below median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.91. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.72. LCI Industries' value of 0.68 is 5.6% below this industry median. Based on the distribution chart, LCI Industries ranks #512 out of 1043 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, LCI Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LCI Industries' Cyclically Adjusted PS Ratio compare to HOG and PATK?
According to the Vehicles & Parts industry distribution chart, LCI Industries ranks #512 out of 1043 companies for Cyclically Adjusted PS Ratio. This puts LCI Industries in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.72. LCI Industries' value of 0.68 is 5.6% below this benchmark. Historically, LCI Industries' own Cyclically Adjusted PS Ratio has ranged from 0.55 to 2.91 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 0.72, LCI Industries 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 a Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.72, based on 1,043 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. LCI Industries's current Cyclically Adjusted PS Ratio of 0.68 is 5.6% 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 LCI Industries and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LCI Industries's current Cyclically Adjusted PS Ratio is 0.68, which is 53% below median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LCI Industries stock overvalued right now?
Based on GuruFocus' analysis, LCI Industries (LCII) is currently considered Modestly Undervalued. The stock's GF Value™ is $122.60, compared to a current price of $104.37 — trading 14.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.68, which is 53% below median its 10-year median of 1.46 and 5.6% below the Vehicles & Parts industry median of 0.72. LCI Industries' overall GF Score™ is 73/100 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 LCI Industries (LCII), the current Cyclically Adjusted PS Ratio is 0.68 as of Jul. 01, 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 LCI Industries (LCII) Overvalued in 2026?

Based on GuruFocus' analysis, LCI Industries stock appears to be undervalued. The current stock price of $104.37 is trading 14.9% below its estimated GF Value™ of $122.60. GuruFocus considers LCI Industries to be Modestly Undervalued.

Key valuation signals for LCII:

  • Cyclically Adjusted PS Ratio: 0.68 (53% below median its 10-year median of 1.46)
  • GF Value™: $122.60 vs. price of $104.37 (14.9% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 5.6% below the Vehicles & Parts median (#512 of 1043)

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


LCI Industries Business Description

Other Exchanges 0DI:Germany
Address 3501 County Road 6 East, Elkhart, IN, USA, 46514
LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries, including buses and trailers used to haul boats, livestock, equipment, and other cargo. It has two reportable segments: the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold to manufacturers of RVs such as Thor Industries, Forest River, Winnebago, and other RV OEMs, and to manufacturers in adjacent industries.
73GF Score

Get the complete analysis for LCII

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

$104.37
Price
$122.60
GF Value