PPL (MIL:1PPL) Cyclically Adjusted PS Ratio: 3.16 (As of Jul. 10, 2026) — 45% Above Median


MIL:1PPL PPL Corp MIL:1PPL
57 GF Score
Price €31.55
GF Value €32.14
Valuation Fairly Valued
! 6 Warning Signs
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What is PPL Cyclically Adjusted PS Ratio?

PPL MIL:1PPL 57 Cyclically Adjusted PS Ratio is 3.16 as of Jul. 10, 2026, which is 45% above its 10-year median of 2.18. GuruFocus rates MIL:1PPL with a GF Score™ of 57/100 and a GF Value™ of €32.14 (Fairly Valued). The stock has 6 warning signs investors should review. Among 440 Utilities - Regulated companies, PPL ranks worse than 75.91% on this metric.

As of today (2026-07-10), PPL's current share price is €31.55. PPL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €9.99. PPL's Cyclically Adjusted PS Ratio for today is 3.16.

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

MIL:1PPL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.3   Med: 2.18   Max: 3.29
Current: 2.96

During the past years, PPL's highest Cyclically Adjusted PS Ratio was 3.29. The lowest was 1.30. And the median was 2.18.

MIL:1PPL's Cyclically Adjusted PS Ratio is ranked worse than
75.91% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.43 vs MIL:1PPL: 2.96

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.

PPL's adjusted revenue per share data for the three months ended in Mar. 2026 was €3.169. 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 €9.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PPL  (MIL:1PPL) 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.


PPL Cyclically Adjusted PS Ratio Related Terms


PPL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PPL'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.

PPL Cyclically Adjusted PS Ratio Chart

PPL 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 2.40 2.50 2.30 2.73 2.95

PPL 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 3.02 2.83 3.11 2.95 3.17

MIL:1PPL vs FE, ES, EIX: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, PPL'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.


PPL Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PPL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIL:1PPL
57GF Score
PPL Corp MIL:1PPL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PPL 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=31.55/9.99
=3.16

* 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.

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

For example, PPL'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)
=3.169/330.2130*330.2130
=3.169

Current CPI (Mar. 2026) = 330.2130.

PPL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.334 241.018 3.198
201609 2.474 241.428 3.384
201612 2.547 241.432 3.484
201703 2.671 243.801 3.618
201706 2.237 244.955 3.016
201709 2.247 246.819 3.006
201712 2.355 246.524 3.154
201803 2.480 249.554 3.282
201806 2.257 251.989 2.958
201809 2.258 252.439 2.954
201812 2.343 251.233 3.080
201903 2.521 254.202 3.275
201906 2.183 256.143 2.814
201909 2.401 256.759 3.088
201912 -0.254 256.974 -0.326
202003 1.695 258.115 2.168
202006 1.458 257.797 1.868
202009 1.544 260.280 1.959
202012 1.464 260.474 1.856
202103 1.633 264.877 2.036
202106 1.389 271.696 1.688
202109 1.669 274.310 2.009
202112 1.745 278.802 2.067
202203 2.198 287.504 2.525
202206 2.178 296.311 2.427
202209 2.924 296.808 3.253
202212 2.931 296.797 3.261
202303 3.058 301.836 3.345
202306 2.279 305.109 2.467
202309 2.593 307.789 2.782
202312 2.522 306.746 2.715
202403 2.869 312.332 3.033
202406 2.363 314.175 2.484
202409 2.516 315.301 2.635
202412 2.849 315.605 2.981
202503 3.124 319.799 3.226
202506 2.364 322.561 2.420
202509 2.563 324.800 2.606
202512 2.606 324.054 2.656
202603 3.169 330.213 3.169

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 3.16 mean?
PPL (MIL:1PPL) has a Cyclically Adjusted PS Ratio of 3.16 as of Jul. 10, 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 PPL and its competitors. This is 45% above median its historical median of 2.18. Over the past decade, PPL's Cyclically Adjusted PS Ratio has ranged from 1.30 to 3.29. According to the industry distribution chart, PPL ranks #334 out of 440 companies in the Utilities - Regulated industry, placing it in the top 75.9%.
Is PPL's Cyclically Adjusted PS Ratio too high?
PPL's current Cyclically Adjusted PS Ratio of 3.16 is 45% above median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 3.29. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.43. PPL's value of 3.16 is 121% above this industry median. Based on the distribution chart, PPL ranks #334 out of 440 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, PPL has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PPL's Cyclically Adjusted PS Ratio compare to FE and ES?
According to the Utilities - Regulated industry distribution chart, PPL ranks #334 out of 440 companies for Cyclically Adjusted PS Ratio. This places PPL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.43. PPL's value of 3.16 is 121% above this benchmark. Historically, PPL's own Cyclically Adjusted PS Ratio has ranged from 1.30 to 3.29 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 1.43, PPL 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 - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.43, based on 440 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. PPL's current Cyclically Adjusted PS Ratio of 3.16 is 121% 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 PPL and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PPL's current Cyclically Adjusted PS Ratio is 3.16, which is 45% above median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PPL stock overvalued right now?
Based on GuruFocus' analysis, PPL (MIL:1PPL) is currently considered Fairly Valued. The stock's GF Value™ is €32.14, compared to a current price of €31.55 — trading 1.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.16, which is 45% above median its 10-year median of 2.18 and 121% above the Utilities - Regulated industry median of 1.43. PPL's overall GF Score™ is 57/100 with 6 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 PPL (MIL:1PPL), the current Cyclically Adjusted PS Ratio is 3.16 as of Jul. 10, 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 PPL (MIL:1PPL) Overvalued in 2026?

Based on GuruFocus' analysis, PPL stock appears to be undervalued. The current stock price of €31.55 is trading 1.8% below its estimated GF Value™ of €32.14. GuruFocus considers PPL to be Fairly Valued.

Key valuation signals for MIL:1PPL:

  • Cyclically Adjusted PS Ratio: 3.16 (45% above median its 10-year median of 2.18)
  • GF Value™: €32.14 vs. price of €31.55 (1.8% below fair value)
  • GF Score™: 57/100 with 6 warning signs
  • Industry Position: 121% above the Utilities - Regulated median (#334 of 440)

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


PPL Business Description

Address 645 Hamilton Street, Allentown, PA, USA, 18101
PPL is a holding company of regulated utilities in Pennsylvania, Kentucky, and Rhode Island. The Pennsylvania regulated delivery and transmission segment distributes electricity to customers in central and eastern Pennsylvania. In Kentucky, LG&E and KU are involved in regulated electricity generation, transmission, and distribution. LG&E also provides regulated natural gas distribution. Rhode Island Energy operates electric and gas utilities in the state.
57GF 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.

€31.55
Price
€32.14
GF Value