LIND (Lindblad Expeditions Holdings) Cyclically Adjusted PS Ratio: 2.94 (As of Jul. 09, 2026) — 88% Above Median


LIND Lindblad Expeditions Holdings Inc LIND
65 GF Score
Price $25.61
GF Value $13.24
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Lindblad Expeditions Holdings Cyclically Adjusted PS Ratio?

Lindblad Expeditions Holdings LIND -0.27% 65 Cyclically Adjusted PS Ratio is 2.94 as of Jul. 09, 2026, which is 88% above its 10-year median of 1.56. GuruFocus rates LIND with a GF Score™ of 65/100 and a GF Value™ of $13.24 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 668 Travel & Leisure companies, Lindblad Expeditions Holdings ranks worse than 73.8% on this metric.

As of today (2026-07-09), Lindblad Expeditions Holdings's current share price is $25.61. Lindblad Expeditions Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $8.70. Lindblad Expeditions Holdings's Cyclically Adjusted PS Ratio for today is 2.94.

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

LIND' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.56   Max: 3.43
Current: 2.95

During the past years, Lindblad Expeditions Holdings's highest Cyclically Adjusted PS Ratio was 3.43. The lowest was 0.86. And the median was 1.56.

LIND's Cyclically Adjusted PS Ratio is ranked worse than
73.8% of 668 companies
in the Travel & Leisure industry
Industry Median: 1.3 vs LIND: 2.95

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.

Lindblad Expeditions Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was $3.404. 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 $8.70 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lindblad Expeditions Holdings  (NAS:LIND) 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.


Lindblad Expeditions Holdings Cyclically Adjusted PS Ratio Related Terms


Lindblad Expeditions Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Lindblad Expeditions Holdings'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.

Lindblad Expeditions Holdings Cyclically Adjusted PS Ratio Chart

Lindblad Expeditions Holdings 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 2.88 1.27 1.66 1.59 1.72

Lindblad Expeditions Holdings 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 1.20 1.48 1.56 1.72 1.99

LIND vs TRIP, PRSU, YTRA: Cyclically Adjusted PS Ratio Comparison

For the Travel Services subindustry, Lindblad Expeditions Holdings'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.


Lindblad Expeditions Holdings Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

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

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


LIND
65GF Score
Lindblad Expeditions Holdings Inc LIND
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Lindblad Expeditions Holdings 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.

Lindblad Expeditions Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.61/8.70
=2.94

* 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.

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

For example, Lindblad Expeditions Holdings'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)
=3.404/330.2130*330.2130
=3.404

Current CPI (Mar. 2026) = 330.2130.

Lindblad Expeditions Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.180 241.018 1.617
201609 1.521 241.428 2.080
201612 1.198 241.432 1.639
201703 1.379 243.801 1.868
201706 1.251 244.955 1.686
201709 1.850 246.819 2.475
201712 1.414 246.524 1.894
201803 1.805 249.554 2.388
201806 1.496 251.989 1.960
201809 1.829 252.439 2.392
201812 1.487 251.233 1.954
201903 1.890 254.202 2.455
201906 1.549 256.143 1.997
201909 2.067 256.759 2.658
201912 1.503 256.974 1.931
202003 1.637 258.115 2.094
202006 -0.005 257.797 -0.006
202009 0.020 260.280 0.025
202012 0.007 260.474 0.009
202103 0.036 264.877 0.045
202106 0.305 271.696 0.371
202109 1.287 274.310 1.549
202112 1.301 278.802 1.541
202203 1.337 287.504 1.536
202206 1.776 296.311 1.979
202209 2.729 296.808 3.036
202212 2.222 296.797 2.472
202303 2.699 301.836 2.953
202306 2.344 305.109 2.537
202309 3.296 307.789 3.536
202312 2.350 306.746 2.530
202403 2.878 312.332 3.043
202406 2.551 314.175 2.681
202409 3.291 315.301 3.447
202412 2.738 315.605 2.865
202503 3.290 319.799 3.397
202506 3.076 322.561 3.149
202509 4.323 324.800 4.395
202512 3.312 324.054 3.375
202603 3.404 330.213 3.404

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 2.94 mean?
Lindblad Expeditions Holdings (LIND) has a Cyclically Adjusted PS Ratio of 2.94 as of Jul. 09, 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 Lindblad Expeditions Holdings and its competitors. This is 88% above median its historical median of 1.56. Over the past decade, Lindblad Expeditions Holdings' Cyclically Adjusted PS Ratio has ranged from 0.86 to 3.43. According to the industry distribution chart, Lindblad Expeditions Holdings ranks #493 out of 668 companies in the Travel & Leisure industry, placing it in the top 73.8%.
Is Lindblad Expeditions Holdings' Cyclically Adjusted PS Ratio too high?
Lindblad Expeditions Holdings' current Cyclically Adjusted PS Ratio of 2.94 is 88% above median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 3.43. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.30. Lindblad Expeditions Holdings' value of 2.94 is 126.2% above this industry median. Based on the distribution chart, Lindblad Expeditions Holdings ranks #493 out of 668 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Lindblad Expeditions Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lindblad Expeditions Holdings' Cyclically Adjusted PS Ratio compare to TRIP and PRSU?
According to the Travel & Leisure industry distribution chart, Lindblad Expeditions Holdings ranks #493 out of 668 companies for Cyclically Adjusted PS Ratio. This places Lindblad Expeditions Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.30. Lindblad Expeditions Holdings' value of 2.94 is 126.2% above this benchmark. Historically, Lindblad Expeditions Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.86 to 3.43 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 1.30, Lindblad Expeditions Holdings 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 1.30, based on 668 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. Lindblad Expeditions Holdings's current Cyclically Adjusted PS Ratio of 2.94 is 126.2% 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 Lindblad Expeditions Holdings and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lindblad Expeditions Holdings's current Cyclically Adjusted PS Ratio is 2.94, which is 88% above median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lindblad Expeditions Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lindblad Expeditions Holdings (LIND) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.24, compared to a current price of $25.61 — trading 93.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.94, which is 88% above median its 10-year median of 1.56 and 126.2% above the Travel & Leisure industry median of 1.30. Lindblad Expeditions Holdings' overall GF Score™ is 65/100 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 Lindblad Expeditions Holdings (LIND), the current Cyclically Adjusted PS Ratio is 2.94 as of Jul. 09, 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 Lindblad Expeditions Holdings (LIND) Overvalued in 2026?

Based on GuruFocus' analysis, Lindblad Expeditions Holdings stock appears to be overvalued. The current stock price of $25.61 is trading 93.4% above its estimated GF Value™ of $13.24. GuruFocus considers Lindblad Expeditions Holdings to be Significantly Overvalued.

Key valuation signals for LIND:

  • Cyclically Adjusted PS Ratio: 2.94 (88% above median its 10-year median of 1.56)
  • GF Value™: $13.24 vs. price of $25.61 (93.4% above fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 126.2% above the Travel & Leisure median (#493 of 668)

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


Lindblad Expeditions Holdings Business Description

Other Exchanges LI4:Germany
Address 11 West 42nd Street, Suite 22 B3, New York, NY, USA, 10036
Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. It operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of twelve owned expedition ships and five seasonal charter vessels under the Lindblad brand.
65GF Score

Get the complete analysis for LIND

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

$25.61
Price
$13.24
GF Value