Downer EDI (NZSE:DOW) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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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.

NZSE:DOW Downer EDI Ltd NZSE:DOW
69 GF Score
Price NZ$5.65
GF Value NZ$4.39
! 4 Warning Signs
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What is Downer EDI Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Downer EDI  (NZSE:DOW) 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.


Downer EDI Cyclically Adjusted PS Ratio Related Terms


Downer EDI Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Downer EDI'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.

Downer EDI Cyclically Adjusted PS Ratio Chart

Downer EDI Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.23 0.23 0.23 0.22

Downer EDI Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.23 0.23 0.23 0.22 0.22

NZSE:DOW vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Downer EDI'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.


Downer EDI Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Downer EDI's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NZSE:DOW
69GF Score
Downer EDI Ltd NZSE:DOW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Downer EDI 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.

Downer EDI's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun26 is calculated as:

For example, Downer EDI's adjusted Revenue per Share data for the fiscal year that ended in Jun26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun26 (Change)*Current CPI (Jun26)
=16.902/136.4868*136.4868
=16.902

Current CPI (Jun26) = 136.4868.

Downer EDI Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201706 15.567 0.000
201806 21.599 0.000
201906 21.609 0.000
202006 21.686 0.000
202106 16.924 0.000
202206 16.306 0.000
202306 18.938 0.000
202406 16.634 0.000
202506 17.115 131.551 17.757
202606 16.902 136.487 16.902

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 Downer EDI (NZSE:DOW) Overvalued in 2026?

Based on GuruFocus' analysis, Downer EDI stock appears to be overvalued. The current stock price of NZ$5.65 is trading 28.7% above its estimated GF Value™ of NZ$4.39.

Key valuation signals for NZSE:DOW:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NZ$4.39 vs. price of NZ$5.65 (28.7% above fair value)
  • GF Score™: 69/100 with 4 warning signs

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


Downer EDI Business Description

Other Exchanges DNE:GermanyDOW:Australia
Address 39 Delhi Road, Level 2, Triniti III, Triniti Business Campus, North Ryde, Sydney, NSW, AUS, 2113
Downer conducts construction and maintenance in the transport, technology and communications, utilities, rail, and defense segments. The future of Downer is focused on urban services, with mining and higher-risk construction businesses exited. Downer has strong relationships with local and state governments that outsource operational and management activities, ensuring a relatively consistent stream of recurring contract work. The transport segment contributes the majority of earnings.
69GF Score

Get the complete analysis for NZSE:DOW

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

NZ$5.65
Price
NZ$4.39
GF Value