Havila Shipping ASA (LTS:0LGI) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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.
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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.

LTS:0LGI Havila Shipping ASA LTS:0LGI
46 GF Score
Price kr1.06
GF Value kr1.34
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Havila Shipping ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Havila Shipping ASA  (LTS:0LGI) 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.


Havila Shipping ASA Cyclically Adjusted PS Ratio Related Terms


Havila Shipping ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Havila Shipping ASA'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.

Havila Shipping ASA Cyclically Adjusted PS Ratio Chart

Havila Shipping ASA 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 0.00 0.01 0.00 0.00 0.00

Havila Shipping ASA 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 0.00 0.00 0.00 0.00 0.00

Havila Shipping ASA Cyclically Adjusted PS Ratio Competitor Comparison

For the Marine Shipping subindustry, Havila Shipping ASA'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.


Havila Shipping ASA Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Havila Shipping ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0LGI
46GF Score
Havila Shipping ASA LTS:0LGI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Havila Shipping ASA 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.

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

For example, Havila Shipping ASA'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)
=0.508/141.6200*141.6200
=0.508

Current CPI (Jun. 2026) = 141.6200.

Havila Shipping ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 822.016 104.200 1,117.216
201612 763.387 104.400 1,035.545
201703 30.654 105.000 41.345
201706 7.910 105.800 10.588
201709 9.714 105.900 12.991
201712 6.708 106.100 8.954
201803 0.101 107.300 0.133
201806 6.632 108.500 8.656
201809 6.982 109.500 9.030
201812 6.261 109.800 8.075
201903 5.863 110.400 7.521
201906 7.692 110.600 9.849
201909 8.293 111.100 10.571
201912 7.944 111.300 10.108
202003 7.448 111.200 9.485
202006 8.448 112.100 10.673
202009 7.632 112.900 9.573
202012 4.386 112.900 5.502
202103 3.917 114.600 4.841
202106 0.241 115.300 0.296
202109 6.174 117.500 7.441
202112 5.788 118.900 6.894
202203 5.919 119.800 6.997
202206 0.318 122.600 0.367
202209 8.129 125.600 9.166
202212 6.005 125.900 6.755
202303 6.412 127.600 7.117
202306 8.204 130.400 8.910
202309 0.297 129.800 0.324
202312 6.225 131.900 6.684
202403 0.204 132.600 0.218
202406 0.255 133.800 0.270
202409 0.246 133.700 0.261
202412 0.259 134.800 0.272
202503 0.295 136.100 0.307
202506 0.295 137.800 0.303
202509 0.268 138.500 0.274
202512 0.492 139.140 0.501
202603 0.420 141.060 0.422
202606 0.508 141.620 0.508

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 Havila Shipping ASA (LTS:0LGI) Overvalued in 2026?

Based on GuruFocus' analysis, Havila Shipping ASA stock appears to be undervalued. The current stock price of kr1.06 is trading 20.9% below its estimated GF Value™ of kr1.34. GuruFocus considers Havila Shipping ASA to be Modestly Undervalued.

Key valuation signals for LTS:0LGI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr1.34 vs. price of kr1.06 (20.9% below fair value)
  • GF Score™: 46/100 with 3 warning signs

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


Havila Shipping ASA Business Description

Address Mjolstadnesvegen 24, Heroy, Fosnavag, NOR, 6092
Havila Shipping ASA is a supplier of quality assured supply services to the offshore industry, nationally as well as internationally. Its segment includes Platform Supply Vessel, Rescue recovery Vessel, Subsea operations vessels, and Non-allocated. The group generates revenue mainly from customers located in Norway, the UK, Denmark, Belgium, Iceland, and the Netherlands. The group generates the majority of its revenue from the Platform Supply Vessel segment.
46GF Score

Get the complete analysis for LTS:0LGI

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

kr1.06
Price
kr1.34
GF Value