Per Aarsleff Holding AS (LTS:0REQ) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.
Reviewed by: Charlie Tian Charlie Tian
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:0REQ Per Aarsleff Holding AS LTS:0REQ
90 GF Score
Price kr682.00
GF Value kr601.80
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Per Aarsleff Holding AS Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Per Aarsleff Holding AS  (LTS:0REQ) 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.


Per Aarsleff Holding AS Cyclically Adjusted PS Ratio Related Terms


Per Aarsleff Holding AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Per Aarsleff Holding AS'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.

Per Aarsleff Holding AS Cyclically Adjusted PS Ratio Chart

Per Aarsleff Holding AS Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.28 0.45 0.51 0.78

Per Aarsleff Holding AS 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 0.76 0.77 0.96 0.81 0.78

LTS:0REQ vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Per Aarsleff Holding AS'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.


Per Aarsleff Holding AS Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Per Aarsleff Holding AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Per Aarsleff Holding AS's Cyclically Adjusted PS Ratio falls into.


LTS:0REQ
90GF Score
Per Aarsleff Holding AS LTS:0REQ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Per Aarsleff Holding AS 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.

Per Aarsleff Holding AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Per Aarsleff Holding AS'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)
=355.218/122.9500*122.9500
=355.218

Current CPI (Jun. 2026) = 122.9500.

Per Aarsleff Holding AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 138.514 100.200 169.963
201612 143.074 100.300 175.383
201703 118.535 101.200 144.011
201706 142.337 101.200 172.928
201709 144.901 101.800 175.006
201712 147.280 101.300 178.757
201803 124.119 101.700 150.053
201806 161.230 102.300 193.775
201809 153.336 102.400 184.108
201812 167.093 102.100 201.215
201903 147.218 102.900 175.903
201906 172.981 102.900 206.686
201909 170.689 102.900 203.948
201912 173.974 102.900 207.873
202003 149.998 103.300 178.531
202006 185.061 103.200 220.477
202009 172.254 103.500 204.624
202012 182.950 103.400 217.541
202103 163.727 104.300 193.003
202106 184.898 105.000 216.507
202109 200.567 105.800 233.079
202112 207.197 106.600 238.976
202203 206.436 109.900 230.949
202206 233.699 113.600 252.934
202209 267.078 116.400 282.107
202212 272.139 115.900 288.693
202303 245.413 117.300 257.234
202306 278.389 116.400 294.054
202309 231.512 117.400 242.457
202312 278.060 116.700 292.952
202403 271.088 118.400 281.506
202406 301.584 118.500 312.909
202409 288.348 118.900 298.170
202412 292.114 118.900 302.064
202503 267.818 120.200 273.945
202506 304.017 120.700 309.684
202509 324.105 121.600 327.703
202512 329.618 121.180 334.433
202603 321.162 121.670 324.541
202606 355.218 122.950 355.218

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 Per Aarsleff Holding AS (LTS:0REQ) Overvalued in 2026?

Based on GuruFocus' analysis, Per Aarsleff Holding AS stock appears to be overvalued. The current stock price of kr682.00 is trading 13.3% above its estimated GF Value™ of kr601.80. GuruFocus considers Per Aarsleff Holding AS to be Modestly Overvalued.

Key valuation signals for LTS:0REQ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr601.80 vs. price of kr682.00 (13.3% above fair value)
  • GF Score™: 90/100 with 3 warning signs

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


Per Aarsleff Holding AS Business Description

Address Hasselager Alle 5, Viby J, DNK, 8260
Per Aarsleff Holding AS is a Denmark-based holding company specializing in infrastructure and construction services. It has Construction, Pipe technologies, Technical Solutions, Rail, and Ground engineering segments. The construction segment consists of construction, shell structures, building construction and international projects. The pipe technologies segment covers utility companies, housing, industry, export, and manufacturing. The ground engineering segment comprises ground engineering, pile factories, and engineering. The rail segment comprises train station services, service center operations, and maintenance projects. It derives maximum revenue from the Construction segment. Geographically, the company has a business presence in Denmark and other countries.
90GF Score

Get the complete analysis for LTS:0REQ

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

kr682.00
Price
kr601.80
GF Value