Pure CyclePCYO -0.14%74 Cyclically Adjusted PS Ratio is 11.96 as of Jul. 13, 2026, which is 70% below its 10-year median of 40.15. GuruFocus rates PCYO with a GF Score™ of 74/100 and a GF Value™ of $14.44 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 441 Utilities - Regulated companies, Pure Cycle ranks worse than 98.41% on this metric.
The historical rank and industry rank for Pure Cycle's Cyclically Adjusted PS Ratio or its related term are showing as below:
PCYO'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 11.75 Med: 40.15 Max: 265
Current: 11.96
During the past years, Pure Cycle's highest Cyclically Adjusted PS Ratio was 265.00. The lowest was 11.75. And the median was 40.15.
PCYO's Cyclically Adjusted PS Ratio is ranked worse than 98.41% of 441
companies
in the Utilities - Regulated industry
Industry Median: 1.41
vs PCYO: 11.96
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.
Pure Cycle's adjusted revenue per share data for the three months ended in May. 2026 was $0.340. 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 $0.90 for the trailing ten years ended in May. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Pure Cycle (NAS:PCYO) 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.
Pure Cycle Cyclically Adjusted PS Ratio Related Terms
Pure Cycle Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Pure Cycle'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.
PCYO vs CDZI, GWRS, ARTNA: Cyclically Adjusted PS Ratio Comparison
For the Utilities - Regulated Water subindustry, Pure Cycle'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.
Pure Cycle Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pure Cycle's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Pure Cycle's Cyclically Adjusted PS Ratio falls into.
Pure Cycle 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.
Pure Cycle'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 11.96 mean?
Pure Cycle (PCYO) has a Cyclically Adjusted PS Ratio of 11.96 as of Jul. 13, 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 Pure Cycle and its competitors. This is 70% below median its historical median of 40.15. Over the past decade, Pure Cycle's Cyclically Adjusted PS Ratio has ranged from 11.75 to 265.00. According to the industry distribution chart, Pure Cycle ranks #434 out of 441 companies in the Utilities - Regulated industry, placing it in the top 98.4%.
Is Pure Cycle's Cyclically Adjusted PS Ratio too high?
Pure Cycle's current Cyclically Adjusted PS Ratio of 11.96 is 70% below median its 10-year median of 40.15. Over the past 10 years, this metric has ranged from a low of 11.75 to a high of 265.00. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.41. Pure Cycle's value of 11.96 is 748.2% above this industry median. Based on the distribution chart, Pure Cycle ranks #434 out of 441 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Pure Cycle has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pure Cycle's Cyclically Adjusted PS Ratio compare to CDZI and GWRS?
According to the Utilities - Regulated industry distribution chart, Pure Cycle ranks #434 out of 441 companies for Cyclically Adjusted PS Ratio. This places Pure Cycle in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. Pure Cycle's value of 11.96 is 748.2% above this benchmark. Historically, Pure Cycle's own Cyclically Adjusted PS Ratio has ranged from 11.75 to 265.00 over the past decade. While the company's 10-year median is 40.15 vs. the industry median of 1.41, Pure Cycle 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 1.41, based on 441 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. Pure Cycle's current Cyclically Adjusted PS Ratio of 11.96 is 748.2% 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 Pure Cycle and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pure Cycle's current Cyclically Adjusted PS Ratio is 11.96, which is 70% below median its own 10-year median of 40.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pure Cycle stock overvalued right now?
Based on GuruFocus' analysis, Pure Cycle (PCYO) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.44, compared to a current price of $10.76 — trading 25.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 11.96, which is 70% below median its 10-year median of 40.15 and 748.2% above the Utilities - Regulated industry median of 1.41. Pure Cycle's overall GF Score™ is 74/100 with 2 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 Pure Cycle (PCYO), the current Cyclically Adjusted PS Ratio is 11.96 as of Jul. 13, 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 Pure Cycle (PCYO) Overvalued in 2026?
Based on GuruFocus' analysis, Pure Cycle stock appears to be undervalued.
The current stock price of $10.76 is trading 25.5% below its estimated GF Value™ of $14.44.
GuruFocus considers Pure Cycle to be Modestly Undervalued.
Key valuation signals for PCYO:
Cyclically Adjusted PS Ratio: 11.96 (70% below median its 10-year median of 40.15)
GF Value™: $14.44 vs. price of $10.76 (25.5% below fair value)
Industry Position: 748.2% above the Utilities - Regulated median (#434 of 441)
No single metric tells the full story. See the PCYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pure Cycle Corp is a diversified land and water resource development company. The company designs, constructs, manages, operates, and maintains water and wastewater systems. The firm operates in three business segments namely Water and wastewater resource development, Land development, and the Single-Family Rental Segment. It generates maximum revenue from the Land development segment. The land resource development segment includes all the activities necessary to develop and sell finished lots.
74GF Score
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