Halozyme Therapeutics (MIL:1HALO) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:1HALO Halozyme Therapeutics Inc MIL:1HALO
65 GF Score
Price €93.10
GF Value €62.63
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Halozyme Therapeutics Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Halozyme Therapeutics  (MIL:1HALO) 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.


Halozyme Therapeutics Cyclically Adjusted PS Ratio Related Terms


Halozyme Therapeutics Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Halozyme Therapeutics'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.

Halozyme Therapeutics Cyclically Adjusted PS Ratio Chart

Halozyme Therapeutics 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 - - - - 14.63

Halozyme Therapeutics 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 13.20 16.83 14.55 12.75 10.40

MIL:1HALO vs ARWR, CORT, MDGL: Cyclically Adjusted PS Ratio Comparison

For the Biotechnology subindustry, Halozyme Therapeutics'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.


Halozyme Therapeutics Cyclically Adjusted PS Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Halozyme Therapeutics's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIL:1HALO
65GF Score
Halozyme Therapeutics Inc MIL:1HALO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Halozyme Therapeutics 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.

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

For example, Halozyme Therapeutics'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)
=3.413/333.9520*333.9520
=3.413

Current CPI (Jun. 2026) = 333.9520.

Halozyme Therapeutics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.223 241.428 0.308
201612 0.282 241.432 0.390
201703 0.216 243.801 0.296
201706 0.229 244.955 0.312
201709 0.379 246.819 0.513
201712 1.106 246.524 1.498
201803 0.176 249.554 0.236
201806 0.206 251.989 0.273
201809 0.153 252.439 0.202
201812 0.366 251.233 0.487
201903 0.340 254.202 0.447
201906 0.240 256.143 0.313
201909 0.285 256.759 0.371
201912 0.344 256.974 0.447
202003 0.168 258.115 0.217
202006 0.363 257.797 0.470
202009 0.394 260.280 0.506
202012 0.703 260.474 0.901
202103 0.498 264.877 0.628
202106 0.767 271.696 0.943
202109 0.670 274.310 0.816
202112 0.619 278.802 0.741
202203 0.740 287.504 0.860
202206 1.005 296.311 1.133
202209 1.488 296.808 1.674
202212 1.285 296.797 1.446
202303 1.096 301.836 1.213
202306 1.521 305.109 1.665
202309 1.481 307.789 1.607
202312 1.633 306.746 1.778
202403 1.400 312.332 1.497
202406 1.663 314.175 1.768
202409 2.029 315.301 2.149
202412 2.166 315.605 2.292
202503 1.987 319.799 2.075
202506 2.315 322.561 2.397
202509 2.478 324.800 2.548
202512 3.298 324.054 3.399
202603 2.620 330.213 2.650
202606 3.413 333.952 3.413

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 Halozyme Therapeutics (MIL:1HALO) Overvalued in 2026?

Based on GuruFocus' analysis, Halozyme Therapeutics stock appears to be overvalued. The current stock price of €93.10 is trading 48.7% above its estimated GF Value™ of €62.63. GuruFocus considers Halozyme Therapeutics to be Significantly Overvalued.

Key valuation signals for MIL:1HALO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €62.63 vs. price of €93.10 (48.7% above fair value)
  • GF Score™: 65/100 with 5 warning signs

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


Halozyme Therapeutics Business Description

Address 12390 El Camino Real, San Diego, CA, USA, 92130
Halozyme Therapeutics Inc is a biotechnology company focused on developing and commercializing novel oncology therapies. The company seeks to create therapies focused on human enzymes that alter tumors. Halozyme focuses on developing its proprietary products in therapeutic areas with a focus on oncology, and licensing its technology to biopharmaceutical companies to collaboratively develop products. ENHANZE drug delivery technology was introduced with the proprietary enzyme rHuPH20, to facilitate the subcutaneous delivery of injected drugs and fluids, with the goal of improving the patient experience with rapid SC delivery and reduced treatment burden. The company's operations are based in the United States, with minimal long-lived assets located internationally.
65GF Score

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

€93.10
Price
€62.63
GF Value