Admiral Group (LSE:ADM) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

LSE:ADM Admiral Group PLC LSE:ADM
83 GF Score
Price £38.18
GF Value £38.22
Valuation Fairly Valued
! 6 Warning Signs
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What is Admiral Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Admiral Group  (LSE:ADM) 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.


Admiral Group Cyclically Adjusted PS Ratio Related Terms


Admiral Group Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Admiral Group'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.

Admiral Group Cyclically Adjusted PS Ratio Chart

Admiral Group 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 7.37 4.01 4.20 3.38 3.36

Admiral Group Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 3.67 3.34 3.73 3.32 3.43

LSE:ADM vs CB, PGR, TRV: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Property & Casualty subindustry, Admiral Group'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.


Admiral Group Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Admiral Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LSE:ADM
83GF Score
Admiral Group PLC LSE:ADM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Admiral Group 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.

Admiral Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Admiral Group's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=18.132/139.9000*139.9000
=18.132

Current CPI (Dec25) = 139.9000.

Admiral Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 3.578 102.200 4.898
201712 3.959 105.000 5.275
201812 4.388 107.100 5.732
201912 4.204 108.500 5.421
202012 4.405 109.400 5.633
202112 5.221 114.700 6.368
202212 11.063 125.300 12.352
202312 12.817 130.500 13.740
202412 16.472 135.100 17.057
202512 18.132 139.900 18.132

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 Admiral Group (LSE:ADM) Overvalued in 2026?

Based on GuruFocus' analysis, Admiral Group stock appears to be undervalued. The current stock price of £38.18 is trading 0.1% below its estimated GF Value™ of £38.22. GuruFocus considers Admiral Group to be Fairly Valued.

Key valuation signals for LSE:ADM:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: £38.22 vs. price of £38.18 (0.1% below fair value)
  • GF Score™: 83/100 with 6 warning signs

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


Admiral Group Business Description

Address David Street, Ty Admiral, Cardiff, GBR, CF10 2EH
Admiral is a personal lines insurer that operates predominantly in the United Kingdom. The business is primarily a motor insurer with UK and European auto insurance accounting for the majority of gross premium. The company also has a nascent but growing UK home insurance division. The company was established in 1993 to sell nonstandard risk motor insurance. These nonstandard policyholders included younger drivers, female drivers, drivers wanting to pay by credit card, and drivers based in London. Over the years the company has expanded its nonstandard risks perimeter.
83GF Score

Get the complete analysis for LSE:ADM

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

£38.18
Price
£38.22
GF Value