Aqua Metals (LTS:0HH6) Cyclically Adjusted PS Ratio: 0.11 (As of Sep. 22, 2026)

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LTS:0HH6 Aqua Metals Inc LTS:0HH6
30 GF Score
Price $2.49
GF Value $53.15
Valuation Possible Value Trap
! 3 Warning Signs
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What is Aqua Metals Cyclically Adjusted PS Ratio?

Aqua Metals LTS:0HH6 +1.05% 30 Cyclically Adjusted PS Ratio is 0.11 as of Sep. 22, 2026. GuruFocus rates LTS:0HH6 with a GF Score™ of 30/100 and a GF Value™ of $53.15 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 155 Waste Management companies, Aqua Metals ranks worse than 645160.65% on this metric.

As of today (2026-09-22), Aqua Metals's current share price is $2.49. Aqua Metals's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $22.02. Aqua Metals's Cyclically Adjusted PS Ratio for today is 0.11.

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

LTS:0HH6's Cyclically Adjusted PS Ratio is not ranked *
in the Waste Management industry.
Industry Median: 1.4
* Ranked among companies with meaningful Cyclically Adjusted PS Ratio only.

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.

Aqua Metals's adjusted revenue per share data for the three months ended in Jun. 2026 was $0.000. 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 $22.02 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aqua Metals  (LTS:0HH6) 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.


Aqua Metals Cyclically Adjusted PS Ratio Related Terms


Aqua Metals Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aqua Metals'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.

Aqua Metals Cyclically Adjusted PS Ratio Chart

Aqua Metals 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 - - 13.18 2.12 0.39

Aqua Metals 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 0.23 0.30 0.23 0.20 0.13

LTS:0HH6 vs AWX, OCLN, DXST: Cyclically Adjusted PS Ratio Comparison

For the Waste Management subindustry, Aqua Metals'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.


Aqua Metals Cyclically Adjusted PS Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Aqua Metals's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0HH6
30GF Score
Aqua Metals Inc LTS:0HH6
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aqua Metals 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.

Aqua Metals's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.49/22.02
=0.11

* 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.

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

For example, Aqua Metals'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)
=0/333.9520*333.9520
=0.000

Current CPI (Jun. 2026) = 333.9520.

Aqua Metals Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 5.993 244.955 8.170
201709 5.813 246.819 7.865
201712 8.161 246.524 11.055
201803 12.432 249.554 16.636
201806 3.206 251.989 4.249
201809 6.029 252.439 7.976
201812 5.506 251.233 7.319
201903 2.009 254.202 2.639
201906 5.843 256.143 7.618
201909 8.276 256.759 10.764
201912 2.062 256.974 2.680
202003 0.060 258.115 0.078
202006 0.000 257.797 0.000
202009 0.295 260.280 0.378
202012 0.000 260.474 0.000
202103 0.000 264.877 0.000
202106 0.000 271.696 0.000
202109 0.000 274.310 0.000
202112 0.491 278.802 0.588
202203 0.000 287.504 0.000
202206 0.011 296.311 0.012
202209 0.000 296.808 0.000
202212 0.000 296.797 0.000
202303 0.000 301.836 0.000
202306 0.000 305.109 0.000
202309 0.049 307.789 0.053
202312 0.000 306.746 0.000
202403 0.000 312.332 0.000
202406 0.000 314.175 0.000
202409 0.000 315.301 0.000
202412 0.000 315.605 0.000
202503 0.000 319.799 0.000
202506 0.000 322.561 0.000
202509 0.000 324.800 0.000
202512 0.000 324.054 0.000
202603 0.000 330.213 0.000
202606 0.000 333.952 0.000

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 0.11 mean?
Aqua Metals (LTS:0HH6) has a Cyclically Adjusted PS Ratio of 0.11 as of Sep. 22, 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 Aqua Metals and its competitors. According to the industry distribution chart, Aqua Metals ranks #999999 out of 155 companies in the Waste Management industry.
Is Aqua Metals' Cyclically Adjusted PS Ratio too high?
Aqua Metals' current Cyclically Adjusted PS Ratio is 0.11. The Waste Management industry median Cyclically Adjusted PS Ratio is 1.40. Aqua Metals' value of 0.11 is 92.1% below this industry median. Based on the distribution chart, Aqua Metals ranks #999999 out of 155 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Aqua Metals has a GF Score™ of 30/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aqua Metals' Cyclically Adjusted PS Ratio compare to AWX and OCLN?
According to the Waste Management industry distribution chart, Aqua Metals ranks #999999 out of 155 companies for Cyclically Adjusted PS Ratio. This places Aqua Metals in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.40. Aqua Metals' value of 0.11 is 92.1% below this benchmark. 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 Waste Management company?
The median Cyclically Adjusted PS Ratio among Waste Management companies is 1.40, based on 155 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. Aqua Metals's current Cyclically Adjusted PS Ratio of 0.11 is 92.1% 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 Aqua Metals and its competitors. For the Waste Management industry, the median Cyclically Adjusted PS Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aqua Metals's current Cyclically Adjusted PS Ratio is 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqua Metals stock overvalued right now?
Based on GuruFocus' analysis, Aqua Metals (LTS:0HH6) is currently considered Possible Value Trap. The stock's GF Value™ is $53.15, compared to a current price of $2.49 — trading 95.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.11 and 92.1% below the Waste Management industry median of 1.40. Aqua Metals' overall GF Score™ is 30/100 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 Aqua Metals (LTS:0HH6), the current Cyclically Adjusted PS Ratio is 0.11 as of Sep. 22, 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 Aqua Metals (LTS:0HH6) Overvalued in 2026?

Based on GuruFocus' analysis, Aqua Metals stock appears to be undervalued. The current stock price of $2.49 is trading 95.3% below its estimated GF Value™ of $53.15. GuruFocus considers Aqua Metals to be Possible Value Trap.

Key valuation signals for LTS:0HH6:

  • Cyclically Adjusted PS Ratio: 0.11
  • GF Value™: $53.15 vs. price of $2.49 (95.3% below fair value)
  • GF Score™: 30/100 with 3 warning signs
  • Industry Position: 92.1% below the Waste Management median (#999999 of 155)

No single metric tells the full story. See the LTS:0HH6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aqua Metals Business Description

Other Exchanges AQMS:USA
Address 5370 Kietzke Lane, Suite 201, Reno, NV, USA, 89511
Aqua Metals Inc is developing and seeking to commercialize proprietary recycling and refining technologies for the recovery of critical minerals and metals. Its patented and patent-pending AquaRefining process is an electro-hydrometallurgical method designed to recover high-purity materials from battery and other metal-bearing feedstocks using a closed-loop system powered by electricity. Its idea is to reduce CAPEX and OPEX costs, reduce emissions, hazardous waste, and reliance on conventional smelting and chemical-intensive refining processes. It has one operating segment: sustainable metals recycling. It focused on the development and commercialization of AquaRefining technology for the clean and efficient recovery of valuable metals from lead-acid and lithium-ion batteries.
30GF Score

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

$2.49
Price
$53.15
GF Value