Harley-Davidson (LTS:0QYY) Cyclically Adjusted PS Ratio: (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:0QYY Harley-Davidson Inc LTS:0QYY
80 GF Score
Price $25.94
GF Value $27.23
Valuation Fairly Valued
! 8 Warning Signs
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What is Harley-Davidson Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Harley-Davidson  (LTS:0QYY) 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.


Harley-Davidson Cyclically Adjusted PS Ratio Related Terms


Harley-Davidson Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Harley-Davidson'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.

Harley-Davidson Cyclically Adjusted PS Ratio Chart

Harley-Davidson 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 1.10 1.12 0.94 0.75 0.50

Harley-Davidson 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 0.57 0.67 0.50 0.49 0.00

LTS:0QYY vs LCII, PATK, THO: Cyclically Adjusted PS Ratio Comparison

For the Recreational Vehicles subindustry, Harley-Davidson'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.


Harley-Davidson Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Harley-Davidson's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0QYY
80GF Score
Harley-Davidson Inc LTS:0QYY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Harley-Davidson 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.

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

For example, Harley-Davidson'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)
=11.333/333.9520*333.9520
=11.333

Current CPI (Jun. 2026) = 333.9520.

Harley-Davidson Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.109 241.428 9.833
201612 6.261 241.432 8.660
201703 8.482 243.801 11.618
201706 10.068 244.955 13.726
201709 6.744 246.819 9.125
201712 7.280 246.524 9.862
201803 9.116 249.554 12.199
201806 10.246 251.989 13.579
201809 7.894 252.439 10.443
201812 7.031 251.233 9.346
201903 8.651 254.202 11.365
201906 10.241 256.143 13.352
201909 8.108 256.759 10.546
201912 6.925 256.974 8.999
202003 8.444 258.115 10.925
202006 5.648 257.797 7.316
202009 7.574 260.280 9.718
202012 4.701 260.474 6.027
202103 9.208 264.877 11.609
202106 9.878 271.696 12.141
202109 8.802 274.310 10.716
202112 6.549 278.802 7.844
202203 9.714 287.504 11.283
202206 9.937 296.311 11.199
202209 11.209 296.808 12.612
202212 7.677 296.797 8.638
202303 12.010 301.836 13.288
202306 9.915 305.109 10.852
202309 10.733 307.789 11.645
202312 7.447 306.746 8.107
202403 12.632 312.332 13.506
202406 12.071 314.175 12.831
202409 8.786 315.301 9.306
202412 5.406 315.605 5.720
202503 10.657 319.799 11.129
202506 10.696 322.561 11.074
202509 11.019 324.800 11.329
202512 4.260 324.054 4.390
202603 10.585 330.213 10.705
202606 11.333 333.952 11.333

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 Harley-Davidson (LTS:0QYY) Overvalued in 2026?

Based on GuruFocus' analysis, Harley-Davidson stock appears to be undervalued. The current stock price of $25.94 is trading 4.7% below its estimated GF Value™ of $27.23. GuruFocus considers Harley-Davidson to be Fairly Valued.

Key valuation signals for LTS:0QYY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $27.23 vs. price of $25.94 (4.7% below fair value)
  • GF Score™: 80/100 with 8 warning signs

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


Harley-Davidson Business Description

Address 3700 West Juneau Avenue, Milwaukee, WI, USA, 53208
Harley-Davidson is a leading global manufacturer of heavyweight motorcycles across the custom, cruising, and touring categories, as well as related merchandise, parts, and accessories. In recent years, the firm has expanded into the adventure touring market with its Pan America model, into electric with the LiveWire brand, and is returning to smaller-displacement bikes with the Sprint. Its captive finance arm, Harley-Davidson Financial Services, provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley captured around 34% of the heavyweight domestic market in 2025.
80GF Score

Get the complete analysis for LTS:0QYY

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

$25.94
Price
$27.23
GF Value