Boralex (MEX:BLXN) Cyclically Adjusted PS Ratio: 4.42 (As of Aug. 08, 2026) — 19% Below Median

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MEX:BLXN Boralex Inc MEX:BLXN
79 GF Score
Price MXN463.70
GF Value MXN389.91
! 11 Warning Signs
View Full Analysis

What is Boralex Cyclically Adjusted PS Ratio?

Boralex MEX:BLXN 79 Cyclically Adjusted PS Ratio is 4.42 as of Aug. 08, 2026, which is 19% below its 10-year median of 5.48. GuruFocus rates MEX:BLXN with a GF Score™ of 79/100 and a GF Value™ of MXN389.91. The stock has 11 warning signs investors should review. Among 272 Utilities - Independent Power Producers companies, Boralex ranks worse than 79.41% on this metric.

As of today (2026-08-08), Boralex's current share price is MXN463.70. Boralex's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN104.95. Boralex's Cyclically Adjusted PS Ratio for today is 4.42.

The historical rank and industry rank for Boralex's Cyclically Adjusted PS Ratio or its related term are showing as below:

MEX:BLXN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.14   Med: 5.48   Max: 10.46
Current: 4.61

During the past years, Boralex's highest Cyclically Adjusted PS Ratio was 10.46. The lowest was 3.14. And the median was 5.48.

MEX:BLXN's Cyclically Adjusted PS Ratio is ranked worse than
79.41% of 272 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.66 vs MEX:BLXN: 4.61

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Boralex's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN36.582. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is MXN104.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boralex  (MEX:BLXN) 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.


Boralex Cyclically Adjusted PS Ratio Related Terms


Boralex Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Boralex'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.

Boralex Cyclically Adjusted PS Ratio Chart

Boralex 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 5.96 6.20 4.75 3.84 3.22

Boralex Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.77 4.08 3.49 3.22 4.54

Boralex Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Boralex'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.


Boralex Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

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

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


MEX:BLXN
79GF Score
Boralex Inc MEX:BLXN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boralex 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.

Boralex's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=463.70/104.95
=4.42

* 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.

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

For example, Boralex's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=36.582/132.2623*132.2623
=36.582

Current CPI (Mar. 2026) = 132.2623.

Boralex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 14.299 102.002 18.541
201609 12.431 101.765 16.156
201612 17.989 101.449 23.453
201703 20.623 102.634 26.577
201706 16.665 103.029 21.394
201709 14.587 103.345 18.669
201712 26.183 103.345 33.509
201803 25.621 105.004 32.272
201806 19.028 105.557 23.842
201809 14.615 105.636 18.299
201812 24.396 105.399 30.614
201903 26.100 106.979 32.268
201906 19.932 107.690 24.480
201909 15.861 107.611 19.494
201912 27.515 107.769 33.768
202003 35.301 107.927 43.261
202006 21.894 108.401 26.713
202009 18.281 108.164 22.354
202012 29.803 108.559 36.310
202103 33.387 110.298 40.036
202106 23.335 111.720 27.626
202109 20.557 112.905 24.081
202112 31.035 113.774 36.078
202203 34.757 117.646 39.075
202206 26.283 120.806 28.775
202209 15.555 120.648 17.052
202212 45.778 120.964 50.054
202303 38.945 122.702 41.979
202306 27.104 124.203 28.863
202309 22.298 125.230 23.550
202312 39.879 125.072 42.171
202403 31.962 126.258 33.482
202406 24.574 127.522 25.488
202409 22.490 127.285 23.369
202412 33.745 127.364 35.043
202503 32.855 129.181 33.639
202506 26.411 129.892 26.893
202509 20.260 130.287 20.567
202512 32.738 130.366 33.214
202603 36.582 132.262 36.582

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.

What does a Cyclically Adjusted PS Ratio of 4.42 mean?
Boralex (MEX:BLXN) has a Cyclically Adjusted PS Ratio of 4.42 as of Aug. 08, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Boralex and its competitors. This is 19% below median its historical median of 5.48. Over the past decade, Boralex's Cyclically Adjusted PS Ratio has ranged from 3.14 to 10.46. According to the industry distribution chart, Boralex ranks #216 out of 272 companies in the Utilities - Independent Power Producers industry, placing it in the top 79.4%.
Is Boralex's Cyclically Adjusted PS Ratio too high?
Boralex's current Cyclically Adjusted PS Ratio of 4.42 is 19% below median its 10-year median of 5.48. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 10.46. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.66. Boralex's value of 4.42 is 166.3% above this industry median. Based on the distribution chart, Boralex ranks #216 out of 272 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Boralex has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Boralex's Cyclically Adjusted PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Boralex ranks #216 out of 272 companies for Cyclically Adjusted PS Ratio. This places Boralex in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.66. Boralex's value of 4.42 is 166.3% above this benchmark. Historically, Boralex's own Cyclically Adjusted PS Ratio has ranged from 3.14 to 10.46 over the past decade. While the company's 10-year median is 5.48 vs. the industry median of 1.66, Boralex has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.66, based on 272 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Boralex's current Cyclically Adjusted PS Ratio of 4.42 is 166.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Boralex and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boralex's current Cyclically Adjusted PS Ratio is 4.42, which is 19% below median its own 10-year median of 5.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boralex stock overvalued right now?
Boralex (MEX:BLXN) has a current Cyclically Adjusted PS Ratio of 4.42. The stock's GF Value™ is MXN389.91, compared to a current price of MXN463.70 — trading 18.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.42, which is 19% below median its 10-year median of 5.48 and 166.3% above the Utilities - Independent Power Producers industry median of 1.66. Boralex's overall GF Score™ is 79/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Boralex (MEX:BLXN), the current Cyclically Adjusted PS Ratio is 4.42 as of Aug. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Boralex (MEX:BLXN) Overvalued in 2026?

Based on GuruFocus' analysis, Boralex stock appears to be overvalued. The current stock price of MXN463.70 is trading 18.9% above its estimated GF Value™ of MXN389.91.

Key valuation signals for MEX:BLXN:

  • Cyclically Adjusted PS Ratio: 4.42 (19% below median its 10-year median of 5.48)
  • GF Value™: MXN389.91 vs. price of MXN463.70 (18.9% above fair value)
  • GF Score™: 79/100 with 11 warning signs
  • Industry Position: 166.3% above the Utilities - Independent Power Producers median (#216 of 272)

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


Boralex Business Description

Address 36 Lajeunesse Street, Kingsey Falls, QC, CAN, J0A 1B0
Boralex is a power producer whose core business is dedicated to the development and operation of renewable energy projects in Canada, France, the United States, and the United Kingdom. Boralex owns power generation assets across four technologies: wind, solar, hydroelectric, and thermal. Substantially all of its operating assets are subject to indexed fixed-price energy sales contracts.
79GF Score

Get the complete analysis for MEX:BLXN

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

MXN463.70
Price
MXN389.91
GF Value