AeroVironment (MIL:1AVAV) Cyclically Adjusted PS Ratio: 6.61 (As of Jul. 31, 2026) — 10% Above Median

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.

MIL:1AVAV AeroVironment Inc MIL:1AVAV
64 GF Score
Price €124.55
GF Value €218.22
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is AeroVironment Cyclically Adjusted PS Ratio?

AeroVironment MIL:1AVAV -7.33% 64 Cyclically Adjusted PS Ratio is 6.61 as of Jul. 31, 2026, which is 10% above its 10-year median of 5.99. GuruFocus rates MIL:1AVAV with a GF Score™ of 64/100 and a GF Value™ of €218.22 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 224 Aerospace & Defense companies, AeroVironment ranks worse than 72.32% on this metric.

As of today (2026-07-31), AeroVironment's current share price is €124.55. AeroVironment's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was €18.83. AeroVironment's Cyclically Adjusted PS Ratio for today is 6.61.

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

MIL:1AVAV' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.83   Med: 5.99   Max: 19.11
Current: 6.34

During the past years, AeroVironment's highest Cyclically Adjusted PS Ratio was 19.11. The lowest was 1.83. And the median was 5.99.

MIL:1AVAV's Cyclically Adjusted PS Ratio is ranked worse than
72.32% of 224 companies
in the Aerospace & Defense industry
Industry Median: 2.835 vs MIL:1AVAV: 6.34

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.

AeroVironment's adjusted revenue per share data for the three months ended in Apr. 2026 was €10.957. 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 €18.83 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AeroVironment  (MIL:1AVAV) 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.


AeroVironment Cyclically Adjusted PS Ratio Related Terms


AeroVironment Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for AeroVironment'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.

AeroVironment Cyclically Adjusted PS Ratio Chart

AeroVironment Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.48 6.24 8.95 7.69 8.43

AeroVironment Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 13.04 17.44 12.85 8.43

MIL:1AVAV vs PL, DPC, HXL: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, AeroVironment'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.


AeroVironment Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AeroVironment's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIL:1AVAV
64GF Score
AeroVironment Inc MIL:1AVAV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AeroVironment 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=124.55/18.83
=6.61

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=10.957/333.0200*333.0200
=10.957

Current CPI (Apr. 2026) = 333.0200.

AeroVironment Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 1.428 240.628 1.976
201610 1.974 241.729 2.719
201701 2.165 242.839 2.969
201704 3.618 244.524 4.927
201707 1.277 244.786 1.737
201710 2.350 246.663 3.173
201801 1.905 247.867 2.559
201804 3.870 250.546 5.144
201807 2.782 252.006 3.676
201810 2.635 252.885 3.470
201901 2.740 251.712 3.625
201904 3.248 255.548 4.233
201907 3.221 256.571 4.181
201910 3.128 257.346 4.048
202001 2.341 257.971 3.022
202004 5.157 256.389 6.698
202007 3.146 259.101 4.044
202010 3.255 260.388 4.163
202101 2.666 261.582 3.394
202104 4.585 267.054 5.718
202107 3.471 273.003 4.234
202110 4.226 276.589 5.088
202201 3.201 281.148 3.792
202204 4.958 289.109 5.711
202207 4.301 296.276 4.834
202210 4.548 298.012 5.082
202301 4.986 299.170 5.550
202304 6.664 303.363 7.315
202307 5.261 305.691 5.731
202310 6.352 307.671 6.875
202401 6.108 308.417 6.595
202404 6.527 313.548 6.932
202407 6.177 314.540 6.540
202410 6.147 315.664 6.485
202501 5.777 317.671 6.056
202504 8.687 320.795 9.018
202507 8.311 323.048 8.568
202510 8.163 0.000
202601 6.981 325.252 7.148
202604 10.957 333.020 10.957

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 6.61 mean?
AeroVironment (MIL:1AVAV) has a Cyclically Adjusted PS Ratio of 6.61 as of Jul. 31, 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 AeroVironment and its competitors. This is 10% above median its historical median of 5.99. Over the past decade, AeroVironment's Cyclically Adjusted PS Ratio has ranged from 1.83 to 19.11. According to the industry distribution chart, AeroVironment ranks #162 out of 224 companies in the Aerospace & Defense industry, placing it in the top 72.3%.
Is AeroVironment's Cyclically Adjusted PS Ratio too high?
AeroVironment's current Cyclically Adjusted PS Ratio of 6.61 is 10% above median its 10-year median of 5.99. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 19.11. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 2.84. AeroVironment's value of 6.61 is 133.2% above this industry median. Based on the distribution chart, AeroVironment ranks #162 out of 224 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, AeroVironment has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AeroVironment's Cyclically Adjusted PS Ratio compare to PL and DPC?
According to the Aerospace & Defense industry distribution chart, AeroVironment ranks #162 out of 224 companies for Cyclically Adjusted PS Ratio. This places AeroVironment in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.84. AeroVironment's value of 6.61 is 133.2% above this benchmark. Historically, AeroVironment's own Cyclically Adjusted PS Ratio has ranged from 1.83 to 19.11 over the past decade. While the company's 10-year median is 5.99 vs. the industry median of 2.84, AeroVironment 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 Aerospace & Defense company?
The median Cyclically Adjusted PS Ratio among Aerospace & Defense companies is 2.84, based on 224 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. AeroVironment's current Cyclically Adjusted PS Ratio of 6.61 is 133.2% 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 AeroVironment and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AeroVironment's current Cyclically Adjusted PS Ratio is 6.61, which is 10% above median its own 10-year median of 5.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AeroVironment stock overvalued right now?
Based on GuruFocus' analysis, AeroVironment (MIL:1AVAV) is currently considered Possible Value Trap. The stock's GF Value™ is €218.22, compared to a current price of €124.55 — trading 42.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.61, which is 10% above median its 10-year median of 5.99 and 133.2% above the Aerospace & Defense industry median of 2.84. AeroVironment's overall GF Score™ is 64/100 with 5 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 AeroVironment (MIL:1AVAV), the current Cyclically Adjusted PS Ratio is 6.61 as of Jul. 31, 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 AeroVironment (MIL:1AVAV) Overvalued in 2026?

Based on GuruFocus' analysis, AeroVironment stock appears to be undervalued. The current stock price of €124.55 is trading 42.9% below its estimated GF Value™ of €218.22. GuruFocus considers AeroVironment to be Possible Value Trap.

Key valuation signals for MIL:1AVAV:

  • Cyclically Adjusted PS Ratio: 6.61 (10% above median its 10-year median of 5.99)
  • GF Value™: €218.22 vs. price of €124.55 (42.9% below fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 133.2% above the Aerospace & Defense median (#162 of 224)

No single metric tells the full story. See the MIL:1AVAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AeroVironment Business Description

Other Exchanges AVAV:USA0HAL:UKJPX:Germany
Address 241 18th Street South, Suite 650, Arlington, VA, USA, 22202
AeroVironment Inc supplies unmanned aircraft systems, tactical missile systems, high-altitude pseudo-satellites, and other related services to government agencies within the United States Department of Defense as well as the United States allied international governments. The systems can help with security, surveillance, or sensing, and provide eyes in the sky without needing an actual person, or driver in the sky. The company is a defense technology provider delivering integrated capabilities across air, land, sea, space, and cyber. It develops and deploy autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities. Company operates in three segments: UxS, LMS, MW.
64GF Score

Get the complete analysis for MIL:1AVAV

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

€124.55
Price
€218.22
GF Value