Leatt (LEAT) Cyclically Adjusted PS Ratio: 1.36 (As of Aug. 30, 2026) — 11% Below 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.

LEAT Leatt Corp LEAT
72 GF Score
Price $12.46
GF Value $11.62
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Leatt Cyclically Adjusted PS Ratio?

Leatt LEAT 72 Cyclically Adjusted PS Ratio is 1.36 as of Aug. 30, 2026, which is 11% below its 10-year median of 1.52. GuruFocus rates LEAT with a GF Score™ of 72/100 and a GF Value™ of $11.62 (Fairly Valued). The stock has 2 warning signs investors should review. Among 669 Travel & Leisure companies, Leatt ranks better than 51.27% on this metric.

As of today (2026-08-30), Leatt's current share price is $12.4628. Leatt's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $9.14. Leatt's Cyclically Adjusted PS Ratio for today is 1.36.

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

LEAT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.52   Max: 6.13
Current: 1.36

During the past years, Leatt's highest Cyclically Adjusted PS Ratio was 6.13. The lowest was 0.70. And the median was 1.52.

LEAT's Cyclically Adjusted PS Ratio is ranked better than
51.27% of 669 companies
in the Travel & Leisure industry
Industry Median: 1.32 vs LEAT: 1.36

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.

Leatt's adjusted revenue per share data for the three months ended in Jun. 2026 was $2.535. 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 $9.14 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Leatt  (OTCPK:LEAT) 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.


Leatt Cyclically Adjusted PS Ratio Related Terms


Leatt Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Leatt'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.

Leatt Cyclically Adjusted PS Ratio Chart

Leatt 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 5.73 2.78 1.28 0.90 1.09

Leatt 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 1.10 1.45 1.09 1.05 1.31

LEAT vs PUSA, NOMA, GDHG: Cyclically Adjusted PS Ratio Comparison

For the Leisure subindustry, Leatt'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.


Leatt Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Leatt's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LEAT
72GF Score
Leatt Corp LEAT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Leatt 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.

Leatt's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.4628/9.14
=1.36

* 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.

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

For example, Leatt'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)
=2.535/169.0200*169.0200
=2.535

Current CPI (Jun. 2026) = 169.0200.

Leatt Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.845 107.694 1.326
201612 0.590 109.002 0.915
201703 1.058 111.400 1.605
201706 0.639 112.054 0.964
201709 0.983 112.926 1.471
201712 0.967 113.907 1.435
201803 0.992 115.542 1.451
201806 0.870 116.959 1.257
201809 1.559 118.376 2.226
201812 0.982 118.921 1.396
201903 1.096 120.774 1.534
201906 0.951 122.191 1.315
201909 1.744 123.281 2.391
201912 1.305 123.717 1.783
202003 1.363 125.679 1.833
202006 1.251 124.807 1.694
202009 1.940 126.878 2.584
202012 1.997 127.467 2.648
202103 2.108 129.628 2.749
202106 2.317 131.113 2.987
202109 3.570 133.273 4.528
202112 4.027 135.029 5.041
202203 3.879 137.594 4.765
202206 2.867 140.835 3.441
202209 3.715 143.671 4.370
202212 1.857 145.156 2.162
202303 2.083 147.586 2.386
202306 1.970 148.802 2.238
202309 1.915 151.502 2.136
202312 1.546 152.718 1.711
202403 1.632 155.483 1.774
202406 1.553 156.269 1.680
202409 1.871 157.212 2.012
202412 1.742 157.212 1.873
202503 2.375 159.728 2.513
202506 2.498 160.985 2.623
202509 2.212 162.570 2.300
202512 2.532 162.880 2.627
202603 3.016 164.770 3.094
202606 2.535 169.020 2.535

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 1.36 mean?
Leatt (LEAT) has a Cyclically Adjusted PS Ratio of 1.36 as of Aug. 30, 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 Leatt and its competitors. This is 11% below median its historical median of 1.52. Over the past decade, Leatt's Cyclically Adjusted PS Ratio has ranged from 0.70 to 6.13. According to the industry distribution chart, Leatt ranks #326 out of 669 companies in the Travel & Leisure industry, placing it in the top 48.7%.
Is Leatt's Cyclically Adjusted PS Ratio too high?
Leatt's current Cyclically Adjusted PS Ratio of 1.36 is 11% below median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 6.13. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.32. Leatt's value of 1.36 is 3% above this industry median. Based on the distribution chart, Leatt ranks #326 out of 669 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Leatt has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Leatt's Cyclically Adjusted PS Ratio compare to PUSA and NOMA?
According to the Travel & Leisure industry distribution chart, Leatt ranks #326 out of 669 companies for Cyclically Adjusted PS Ratio. This puts Leatt in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.32. Leatt's value of 1.36 is 3% above this benchmark. Historically, Leatt's own Cyclically Adjusted PS Ratio has ranged from 0.70 to 6.13 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 1.32, Leatt 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.32, based on 669 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. Leatt's current Cyclically Adjusted PS Ratio of 1.36 is 3% 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 Leatt and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leatt's current Cyclically Adjusted PS Ratio is 1.36, which is 11% below median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leatt stock overvalued right now?
Based on GuruFocus' analysis, Leatt (LEAT) is currently considered Fairly Valued. The stock's GF Value™ is $11.62, compared to a current price of $12.46 — trading 7.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.36, which is 11% below median its 10-year median of 1.52 and 3% above the Travel & Leisure industry median of 1.32. Leatt's overall GF Score™ is 72/100 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 Leatt (LEAT), the current Cyclically Adjusted PS Ratio is 1.36 as of Aug. 30, 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 Leatt (LEAT) Overvalued in 2026?

Based on GuruFocus' analysis, Leatt stock appears to be overvalued. The current stock price of $12.46 is trading 7.3% above its estimated GF Value™ of $11.62. GuruFocus considers Leatt to be Fairly Valued.

Key valuation signals for LEAT:

  • Cyclically Adjusted PS Ratio: 1.36 (11% below median its 10-year median of 1.52)
  • GF Value™: $11.62 vs. price of $12.46 (7.3% above fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 3% above the Travel & Leisure median (#326 of 669)

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


Leatt Business Description

Address Contermanskloof Road, 12 Kiepersol Drive, Atlas Gardens, Durbanville, WC, ZAF, 7550
Leatt Corp designs, develops, markets, and distributes personal protective equipment for participants in all forms of motorsports and leisure activities, including riders of motorcycles, bicycles, snowmobiles, and ATVs, as well as racing car drivers. The company operates through the Leatt-Brace brand, which offers a patented injection molded neck protection system designed to prevent potentially devastating injuries to the cervical spine and neck. Geographically, all the operations function throughout the U.S.
72GF Score

Get the complete analysis for LEAT

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

$12.46
Price
$11.62
GF Value