Velcan Holdings (LUX:VLCN) Cyclically Adjusted PS Ratio: (As of Jul. 25, 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.

LUX:VLCN Velcan Holdings LUX:VLCN
24 GF Score
Price €14.00
GF Value €14.88
Valuation Fairly Valued
! 1 Warning Sign
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What is Velcan Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Velcan Holdings  (LUX:VLCN) 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.


Velcan Holdings Cyclically Adjusted PS Ratio Related Terms


Velcan Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Velcan Holdings'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.

Velcan Holdings Cyclically Adjusted PS Ratio Chart

Velcan Holdings 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 14.82 16.55 20.45 26.40 0.00

Velcan Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 20.45 0.00 26.40 0.00 0.00

Velcan Holdings Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Velcan Holdings'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.


Velcan Holdings Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Velcan Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LUX:VLCN
24GF Score
Velcan Holdings LUX:VLCN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Velcan Holdings 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.

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

For example, Velcan Holdings'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)
=0/126.1800*126.1800
=0.000

Current CPI (Dec25) = 126.1800.

Velcan Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.607 101.040 0.758
201712 0.514 102.410 0.633
201812 0.421 104.320 0.509
201912 0.483 106.080 0.575
202012 0.451 106.670 0.533
202112 0.462 111.090 0.525
202212 0.626 117.060 0.675
202312 0.596 121.170 0.621
202412 0.615 122.430 0.634
202512 0.000 126.180 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.

Is Velcan Holdings (LUX:VLCN) Overvalued in 2026?

Based on GuruFocus' analysis, Velcan Holdings stock appears to be undervalued. The current stock price of €14.00 is trading 5.9% below its estimated GF Value™ of €14.88. GuruFocus considers Velcan Holdings to be Fairly Valued.

Key valuation signals for LUX:VLCN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €14.88 vs. price of €14.00 (5.9% below fair value)
  • GF Score™: 24/100 with 1 warning sign

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


Velcan Holdings Business Description

Address 11 Avenue Guillaume, Luxembourg, LUX, L-1651
Velcan Holdings manages a portfolio of financial assets, focusing on minority investments and listed securities. The assets of the group are deployed in listed and unlisted financial investments, minority private equity participations, commodities, bonds, cash and cash equivalents (bank current accounts and deposits), and a 15 MW hydro power plant in Brazil.
24GF Score

Get the complete analysis for LUX:VLCN

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

€14.00
Price
€14.88
GF Value