Verizon Communications (MIC:VZ-RM) Cyclically Adjusted PS Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Verizon Communications 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


Verizon Communications  (MIC:VZ-RM) 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.


Verizon Communications Cyclically Adjusted PS Ratio Related Terms


Verizon Communications Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Verizon Communications'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.

Verizon Communications Cyclically Adjusted PS Ratio Chart

Verizon Communications 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 1.36 1.02 1.00 1.06 1.08

Verizon Communications 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 1.14 1.16 1.08 1.32 1.11

MIC:VZ-RM vs TMUS, T, CMCSA: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Verizon Communications'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.


Verizon Communications Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Verizon Communications's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Verizon Communications 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.

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

For example, Verizon Communications'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)
=632.289/333.9520*333.9520
=632.289

Current CPI (Jun. 2026) = 333.9520.

Verizon Communications Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 477.608 241.428 660.645
201612 477.591 241.432 660.610
201703 408.396 243.801 559.410
201706 444.131 244.955 605.493
201709 449.032 246.819 607.551
201712 477.701 246.524 647.114
201803 442.922 249.554 592.716
201806 488.872 251.989 647.885
201809 516.167 252.439 682.838
201812 575.527 251.233 765.020
201903 503.717 254.202 661.747
201906 488.600 256.143 637.023
201909 501.017 256.759 651.645
201912 520.542 256.974 676.473
202003 607.538 258.115 786.039
202006 514.482 257.797 666.464
202009 601.351 260.280 771.563
202012 623.720 260.474 799.667
202103 602.302 264.877 759.371
202106 599.032 271.696 736.293
202109 580.396 274.310 706.589
202112 603.870 278.802 723.322
202203 838.239 287.504 973.662
202206 506.562 296.311 570.912
202209 491.111 296.808 552.571
202212 512.803 296.797 576.999
202303 588.066 301.836 650.637
202306 627.928 305.109 687.288
202309 762.435 307.789 827.244
202312 751.489 306.746 818.140
202403 715.287 312.332 764.800
202406 702.383 314.175 746.597
202409 714.919 315.301 757.209
202412 907.853 315.605 960.629
202503 654.643 319.799 683.615
202506 634.322 322.561 656.723
202509 663.712 324.800 682.414
202512 682.594 324.054 703.443
202603 664.987 330.213 672.517
202606 632.289 333.952 632.289

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.


Verizon Communications Business Description

Address 1095 Avenue of the Americas, New York, NY, USA, 10036
Wireless services account for 75% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 94 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast that reach about 30 million homes and businesses, including about 20 million served by the Fios fiber-optic network. Verizon closed its acquisition of Frontier Communications in January, adding networks that reach another 15 million locations, including 9 million with fiber. These networks serve about 11 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, using a mix of its own and other networks.