PCAR (PACCAR) Cyclically Adjusted PS Ratio: 2.32 (As of Aug. 04, 2026) — 57% Above Median

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PCAR PACCAR Inc PCAR
79 GF Score
Price $135.14
GF Value $86.03
Valuation Significantly Overvalued
! 8 Warning Signs
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What is PACCAR Cyclically Adjusted PS Ratio?

PACCAR PCAR +2.33% 79 Cyclically Adjusted PS Ratio is 2.32 as of Aug. 04, 2026, which is 57% above its 10-year median of 1.48. GuruFocus rates PCAR with a GF Score™ of 79/100 and a GF Value™ of $86.03 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 169 Farm & Heavy Construction Machinery companies, PACCAR ranks worse than 79.29% on this metric.

As of today (2026-08-04), PACCAR's current share price is $135.135. PACCAR's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $58.32. PACCAR's Cyclically Adjusted PS Ratio for today is 2.32.

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

PCAR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.94   Med: 1.48   Max: 2.43
Current: 2.26

During the past years, PACCAR's highest Cyclically Adjusted PS Ratio was 2.43. The lowest was 0.94. And the median was 1.48.

PCAR's Cyclically Adjusted PS Ratio is ranked worse than
79.29% of 169 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.05 vs PCAR: 2.26

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.

PACCAR's adjusted revenue per share data for the three months ended in Jun. 2026 was $14.304. 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 $58.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PACCAR  (NAS:PCAR) 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.


PACCAR Cyclically Adjusted PS Ratio Related Terms


PACCAR Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PACCAR'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.

PACCAR Cyclically Adjusted PS Ratio Chart

PACCAR 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 1.38 1.40 1.91 1.92 1.95

PACCAR 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 1.71 1.75 1.95 2.01 2.06

PCAR vs CNH, OSK, AGCO: Cyclically Adjusted PS Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, PACCAR'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.


PACCAR Cyclically Adjusted PS Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, PACCAR's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


PCAR
79GF Score
PACCAR Inc PCAR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PACCAR 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=135.135/58.32
=2.32

* 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.

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

For example, PACCAR'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)
=14.304/333.9520*333.9520
=14.304

Current CPI (Jun. 2026) = 333.9520.

PACCAR Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.053 241.428 11.139
201612 7.714 241.432 10.670
201703 8.010 243.801 10.972
201706 8.892 244.955 12.123
201709 9.558 246.819 12.932
201712 10.296 246.524 13.947
201803 10.663 249.554 14.269
201806 10.979 251.989 14.550
201809 10.919 252.439 14.445
201812 11.972 251.233 15.914
201903 12.435 254.202 16.336
201906 12.708 256.143 16.568
201909 12.225 256.759 15.900
201912 11.746 256.974 15.265
202003 9.908 258.115 12.819
202006 5.887 257.797 7.626
202009 9.467 260.280 12.147
202012 10.669 260.474 13.679
202103 11.185 264.877 14.102
202106 11.179 271.696 13.741
202109 9.851 274.310 11.993
202112 12.784 278.802 15.313
202203 12.369 287.504 14.367
202206 13.683 296.311 15.421
202209 13.489 296.808 15.177
202212 15.523 296.797 17.466
202303 16.158 301.836 17.877
202306 16.923 305.109 18.523
202309 16.555 307.789 17.962
202312 17.269 306.746 18.801
202403 16.615 312.332 17.765
202406 16.658 314.175 17.707
202409 15.650 315.301 16.576
202412 15.008 315.605 15.880
202503 14.124 319.799 14.749
202506 14.260 322.561 14.764
202509 12.667 324.800 13.024
202512 12.948 324.054 13.343
202603 12.849 330.213 12.994
202606 14.304 333.952 14.304

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 2.32 mean?
PACCAR (PCAR) has a Cyclically Adjusted PS Ratio of 2.32 as of Aug. 04, 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 PACCAR and its competitors. This is 57% above median its historical median of 1.48. Over the past decade, PACCAR's Cyclically Adjusted PS Ratio has ranged from 0.94 to 2.43. According to the industry distribution chart, PACCAR ranks #134 out of 169 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 79.3%.
Is PACCAR's Cyclically Adjusted PS Ratio too high?
PACCAR's current Cyclically Adjusted PS Ratio of 2.32 is 57% above median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 2.43. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PS Ratio is 1.05. PACCAR's value of 2.32 is 121% above this industry median. Based on the distribution chart, PACCAR ranks #134 out of 169 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, PACCAR has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PACCAR's Cyclically Adjusted PS Ratio compare to CNH and OSK?
According to the Farm & Heavy Construction Machinery industry distribution chart, PACCAR ranks #134 out of 169 companies for Cyclically Adjusted PS Ratio. This places PACCAR in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.05. PACCAR's value of 2.32 is 121% above this benchmark. Historically, PACCAR's own Cyclically Adjusted PS Ratio has ranged from 0.94 to 2.43 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.05, PACCAR 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PS Ratio among Farm & Heavy Construction Machinery companies is 1.05, based on 169 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. PACCAR's current Cyclically Adjusted PS Ratio of 2.32 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 PACCAR and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PS Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PACCAR's current Cyclically Adjusted PS Ratio is 2.32, which is 57% above median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PACCAR stock overvalued right now?
Based on GuruFocus' analysis, PACCAR (PCAR) is currently considered Significantly Overvalued. The stock's GF Value™ is $86.03, compared to a current price of $135.14 — trading 57.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.32, which is 57% above median its 10-year median of 1.48 and 121% above the Farm & Heavy Construction Machinery industry median of 1.05. PACCAR's overall GF Score™ is 79/100 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 PACCAR (PCAR), the current Cyclically Adjusted PS Ratio is 2.32 as of Aug. 04, 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 PACCAR (PCAR) Overvalued in 2026?

Based on GuruFocus' analysis, PACCAR stock appears to be overvalued. The current stock price of $135.14 is trading 57.1% above its estimated GF Value™ of $86.03. GuruFocus considers PACCAR to be Significantly Overvalued.

Key valuation signals for PCAR:

  • Cyclically Adjusted PS Ratio: 2.32 (57% above median its 10-year median of 1.48)
  • GF Value™: $86.03 vs. price of $135.14 (57.1% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 121% above the Farm & Heavy Construction Machinery median (#134 of 169)

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


PACCAR Business Description

Address 777 - 106th Avenue NE, Bellevue, WA, USA, 98004
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium nameplates Kenworth and Peterbilt, which are primarily sold in the Americas and Australia, and DAF, which primarily services Europe and South America. The trucks segment (74% sales) goes to market through a network of 2,200 independent dealers. Paccar maintains an internal finance subsidiary that provides retail and wholesale financing for customers and dealers (6% sales). In recent years, Paccar has aggressively expanded its parts business (20% of sales), including engines, axles, and transmissions for its own truck brands as well as independent producers. The company commands 30% of the Class 8 market share in North America and 15% of the heavy-duty market share in Europe.
79GF Score

Get the complete analysis for PCAR

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

$135.14
Price
$86.03
GF Value