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OndasONDS -4.54%78 Cyclically Adjusted PS Ratio is 51.77 as of Jul. 16, 2026, which is 28% below its 10-year median of 71.77. GuruFocus rates ONDS with a GF Score™ of 78/100 and a GF Value™ of $5.00 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,976 Hardware companies, Ondas ranks worse than 99.39% on this metric.
As of today (2026-07-16), Ondas's current share price is $6.7301. Ondas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $0.13. Ondas's Cyclically Adjusted PS Ratio for today is 51.77.
The historical rank and industry rank for Ondas's Cyclically Adjusted PS Ratio or its related term are showing as below:
ONDS'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 16.82 Med: 71.77 Max: 114.08
Current: 55.47
During the past years, Ondas's highest Cyclically Adjusted PS Ratio was 114.08. The lowest was 16.82. And the median was 71.77.
ONDS's Cyclically Adjusted PS Ratio is ranked worse than 99.39% of 1976
companies
in the Hardware industry
Industry Median: 1.44
vs ONDS: 55.47
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.
Ondas's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.109. 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 $0.13 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ondas (NAS:ONDS) 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.
Ondas Cyclically Adjusted PS Ratio Related Terms
Ondas Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Ondas'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.
ONDS vs EXTR, BDC, VISN: Cyclically Adjusted PS Ratio Comparison
For the Communication Equipment subindustry, Ondas'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.
Ondas Cyclically Adjusted PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Ondas's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Ondas's Cyclically Adjusted PS Ratio falls into.
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.
Ondas's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 51.77 mean?
Ondas (ONDS) has a Cyclically Adjusted PS Ratio of 51.77 as of Jul. 16, 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 Ondas and its competitors. This is 28% below median its historical median of 71.77. Over the past decade, Ondas' Cyclically Adjusted PS Ratio has ranged from 16.82 to 114.08. According to the industry distribution chart, Ondas ranks #1964 out of 1976 companies in the Hardware industry, placing it in the top 99.4%.
Is Ondas' Cyclically Adjusted PS Ratio too high?
Ondas' current Cyclically Adjusted PS Ratio of 51.77 is 28% below median its 10-year median of 71.77. Over the past 10 years, this metric has ranged from a low of 16.82 to a high of 114.08. The Hardware industry median Cyclically Adjusted PS Ratio is 1.44. Ondas' value of 51.77 is 3495.1% above this industry median. Based on the distribution chart, Ondas ranks #1964 out of 1976 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Ondas has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ondas' Cyclically Adjusted PS Ratio compare to EXTR and BDC?
According to the Hardware industry distribution chart, Ondas ranks #1964 out of 1976 companies for Cyclically Adjusted PS Ratio. This places Ondas in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.44. Ondas' value of 51.77 is 3495.1% above this benchmark. Historically, Ondas' own Cyclically Adjusted PS Ratio has ranged from 16.82 to 114.08 over the past decade. While the company's 10-year median is 71.77 vs. the industry median of 1.44, Ondas 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 a Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.44, based on 1,976 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. Ondas's current Cyclically Adjusted PS Ratio of 51.77 is 3495.1% 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 Ondas and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ondas's current Cyclically Adjusted PS Ratio is 51.77, which is 28% below median its own 10-year median of 71.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ondas stock overvalued right now?
Based on GuruFocus' analysis, Ondas (ONDS) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.00, compared to a current price of $6.73 — trading 34.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 51.77, which is 28% below median its 10-year median of 71.77 and 3495.1% above the Hardware industry median of 1.44. Ondas' overall GF Score™ is 78/100 with 8 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 Ondas (ONDS), the current Cyclically Adjusted PS Ratio is 51.77 as of Jul. 16, 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 Ondas (ONDS) Overvalued in 2026?
Based on GuruFocus' analysis, Ondas stock appears to be overvalued.
The current stock price of $6.73 is trading 34.6% above its estimated GF Value™ of $5.00.
GuruFocus considers Ondas to be Significantly Overvalued.
Key valuation signals for ONDS:
Cyclically Adjusted PS Ratio: 51.77 (28% below median its 10-year median of 71.77)
GF Value™: $5.00 vs. price of $6.73 (34.6% above fair value)
Industry Position: 3495.1% above the Hardware median (#1964 of 1976)
No single metric tells the full story. See the ONDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ondas Inc designs, develops, manufactures, sells, and supports FullMAX Software Defined Radio (SDR) technology in the United States, Israel, and India. The company operates in two business segments namely Ondas Networks and Ondas Autonomous Systems. The company generates maximum revenue from Ondas Autonomous Systems through the sales of the Optimus system and separately priced support, maintenance, and ancillary services related to the sale of the Optimus system. Geographically, the company operates in Israel, Germany, United Arab Emirates, United States, and Other Countries. It derives maximum revenue from Israel.
78GF Score
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