AAON (MEX:AAON) Cyclically Adjusted PS Ratio: (As of Aug. 23, 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.

MEX:AAON AAON Inc MEX:AAON
29 GF Score
Price MXN1,450.00
GF Value MXN2,558.73
Valuation Significantly Undervalued
! 5 Warning Signs
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What is AAON Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


AAON  (MEX:AAON) 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.


AAON Cyclically Adjusted PS Ratio Related Terms


AAON Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for AAON'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.

AAON Cyclically Adjusted PS Ratio Chart

AAON 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 9.15 7.46 9.46 13.21 7.41

AAON 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 7.69 9.38 7.41 7.57 10.91

MEX:AAON vs : Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, AAON'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.


AAON Cyclically Adjusted PS Ratio vs Construction Industry

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

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


MEX:AAON
29GF Score
AAON Inc MEX:AAON
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AAON 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.

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

For example, AAON'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)
=130.673/333.9520*333.9520
=130.673

Current CPI (Jun. 2026) = 333.9520.

AAON Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 25.245 241.428 34.920
201612 23.595 241.432 32.637
201703 20.314 243.801 27.826
201706 22.973 244.955 31.320
201709 25.941 246.819 35.099
201712 25.729 246.524 34.854
201803 22.681 249.554 30.352
201806 27.231 251.989 36.088
201809 26.760 252.439 35.401
201812 27.997 251.233 37.215
201903 28.107 254.202 36.925
201906 28.997 256.143 37.805
201909 28.334 256.759 36.852
201912 29.262 256.974 38.028
202003 40.648 258.115 52.591
202006 36.638 257.797 47.461
202009 37.343 260.280 47.913
202012 28.992 260.474 37.170
202103 29.321 264.877 36.967
202106 35.619 271.696 43.781
202109 35.474 274.310 43.187
202112 34.565 278.802 41.402
202203 44.969 287.504 52.234
202206 52.190 296.311 58.820
202209 60.293 296.808 67.838
202212 60.581 296.797 68.165
202303 57.854 301.836 64.010
202306 58.322 305.109 63.835
202309 65.163 307.789 70.702
202312 62.442 306.746 67.980
202403 51.756 312.332 55.339
202406 68.562 314.175 72.878
202409 77.535 315.301 82.121
202412 74.114 315.605 78.422
202503 79.046 319.799 82.544
202506 70.719 322.561 73.216
202509 84.971 324.800 87.365
202512 91.849 324.054 94.654
202603 107.731 330.213 108.951
202606 130.673 333.952 130.673

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 AAON (MEX:AAON) Overvalued in 2026?

Based on GuruFocus' analysis, AAON stock appears to be undervalued. The current stock price of MXN1,450.00 is trading 43.3% below its estimated GF Value™ of MXN2,558.73. GuruFocus considers AAON to be Significantly Undervalued.

Key valuation signals for MEX:AAON:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN2,558.73 vs. price of MXN1,450.00 (43.3% below fair value)
  • GF Score™: 29/100 with 5 warning signs

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


AAON Business Description

Comparable Companies
Other Exchanges AAON:USAAAO:Germany
Address 2425 South Yukon Avenue, Tulsa, OK, USA, 74107
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It generates the majority of its revenue from the AAON Oklahoma segment which derives maximum revenue, engineers, manufactures, and sells, semi-custom, and custom HVAC systems, designs and manufactures control solutions, and sells retail parts to customers through retail part stores and online.
29GF Score

Get the complete analysis for MEX:AAON

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

MXN1,450.00
Price
MXN2,558.73
GF Value