RTX (MIL:1RTX) Cyclically Adjusted PS Ratio: 3.02 (As of Jul. 19, 2026) — 140% 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:1RTX RTX Corp MIL:1RTX
58 GF Score
Price €172.35
GF Value €124.29
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is RTX Cyclically Adjusted PS Ratio?

RTX MIL:1RTX +1.26% 58 Cyclically Adjusted PS Ratio is 3.02 as of Jul. 19, 2026, which is 140% above its 10-year median of 1.26. GuruFocus rates MIL:1RTX with a GF Score™ of 58/100 and a GF Value™ of €124.29 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 224 Aerospace & Defense companies, RTX ranks better than 51.34% on this metric.

As of today (2026-07-19), RTX's current share price is €172.35. RTX's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €57.01. RTX's Cyclically Adjusted PS Ratio for today is 3.02.

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

MIL:1RTX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.26   Max: 3.18
Current: 2.91

During the past years, RTX's highest Cyclically Adjusted PS Ratio was 3.18. The lowest was 0.74. And the median was 1.26.

MIL:1RTX's Cyclically Adjusted PS Ratio is ranked better than
51.34% of 224 companies
in the Aerospace & Defense industry
Industry Median: 2.975 vs MIL:1RTX: 2.91

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.

RTX's adjusted revenue per share data for the three months ended in Mar. 2026 was €13.994. 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 €57.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RTX  (MIL:1RTX) 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.


RTX Cyclically Adjusted PS Ratio Related Terms


RTX Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for RTX'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.

RTX Cyclically Adjusted PS Ratio Chart

RTX 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 1.27 1.48 1.25 1.74 2.78

RTX 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 1.99 2.19 2.51 2.78 2.90

MIL:1RTX vs BA, GE, LMT: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, RTX'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.


RTX Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

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

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


MIL:1RTX
58GF Score
RTX Corp MIL:1RTX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RTX 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=172.35/57.01
=3.02

* 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.

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

For example, RTX'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)
=13.994/330.2130*330.2130
=13.994

Current CPI (Mar. 2026) = 330.2130.

RTX Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 15.880 241.018 21.757
201609 15.387 241.428 21.046
201612 17.178 241.432 23.495
201703 16.100 243.801 21.806
201706 17.037 244.955 22.967
201709 15.854 246.819 21.211
201712 16.599 246.524 22.234
201803 15.444 249.554 20.436
201806 17.883 251.989 23.434
201809 17.647 252.439 23.084
201812 -14.424 251.233 -18.958
201903 18.883 254.202 24.529
201906 11.608 256.143 14.965
201909 11.951 256.759 15.370
201912 12.141 256.974 15.601
202003 11.874 258.115 15.191
202006 8.317 257.797 10.653
202009 8.269 260.280 10.491
202012 9.014 260.474 11.427
202103 8.461 264.877 10.548
202106 8.709 271.696 10.585
202109 9.151 274.310 11.016
202112 10.049 278.802 11.902
202203 9.527 287.504 10.942
202206 10.361 296.311 11.546
202209 11.573 296.808 12.876
202212 11.565 296.797 12.867
202303 10.906 301.836 11.931
202306 11.510 305.109 12.457
202309 8.712 307.789 9.347
202312 13.597 306.746 14.637
202403 13.281 312.332 14.041
202406 13.651 314.175 14.348
202409 13.445 315.301 14.081
202412 15.308 315.605 16.017
202503 13.895 319.799 14.347
202506 13.819 322.561 14.147
202509 14.098 324.800 14.333
202512 15.203 324.054 15.492
202603 13.994 330.213 13.994

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 3.02 mean?
RTX (MIL:1RTX) has a Cyclically Adjusted PS Ratio of 3.02 as of Jul. 19, 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 RTX and its competitors. This is 140% above median its historical median of 1.26. Over the past decade, RTX's Cyclically Adjusted PS Ratio has ranged from 0.74 to 3.18. According to the industry distribution chart, RTX ranks #109 out of 224 companies in the Aerospace & Defense industry, placing it in the top 48.7%.
Is RTX's Cyclically Adjusted PS Ratio too high?
RTX's current Cyclically Adjusted PS Ratio of 3.02 is 140% above median its 10-year median of 1.26. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 3.18. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 2.98. RTX's value of 3.02 is 1.5% above this industry median. Based on the distribution chart, RTX ranks #109 out of 224 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, RTX has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RTX's Cyclically Adjusted PS Ratio compare to BA and GE?
According to the Aerospace & Defense industry distribution chart, RTX ranks #109 out of 224 companies for Cyclically Adjusted PS Ratio. This puts RTX in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.98. RTX's value of 3.02 is 1.5% above this benchmark. Historically, RTX's own Cyclically Adjusted PS Ratio has ranged from 0.74 to 3.18 over the past decade. While the company's 10-year median is 1.26 vs. the industry median of 2.98, RTX 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 2.98, 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. RTX's current Cyclically Adjusted PS Ratio of 3.02 is 1.5% 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 RTX and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RTX's current Cyclically Adjusted PS Ratio is 3.02, which is 140% above median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RTX stock overvalued right now?
Based on GuruFocus' analysis, RTX (MIL:1RTX) is currently considered Significantly Overvalued. The stock's GF Value™ is €124.29, compared to a current price of €172.35 — trading 38.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.02, which is 140% above median its 10-year median of 1.26 and 1.5% above the Aerospace & Defense industry median of 2.98. RTX's overall GF Score™ is 58/100 with 4 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 RTX (MIL:1RTX), the current Cyclically Adjusted PS Ratio is 3.02 as of Jul. 19, 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 RTX (MIL:1RTX) Overvalued in 2026?

Based on GuruFocus' analysis, RTX stock appears to be overvalued. The current stock price of €172.35 is trading 38.7% above its estimated GF Value™ of €124.29. GuruFocus considers RTX to be Significantly Overvalued.

Key valuation signals for MIL:1RTX:

  • Cyclically Adjusted PS Ratio: 3.02 (140% above median its 10-year median of 1.26)
  • GF Value™: €124.29 vs. price of €172.35 (38.7% above fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 1.5% above the Aerospace & Defense median (#109 of 224)

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


RTX Business Description

Address 1000 Wilson Boulevard, Arlington, VA, USA, 22209
RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure across three segments, mostly as a supplier to commercial aerospace and to the defense market: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.
58GF Score

Get the complete analysis for MIL:1RTX

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

€172.35
Price
€124.29
GF Value