PHM (PulteGroup) Cyclically Adjusted PS Ratio: 1.99 (As of Jul. 11, 2026) — 15% Above Median


PHM PulteGroup Inc PHM
93 GF Score
Price $124.75
GF Value $118.10
Valuation Fairly Valued
! 3 Warning Signs
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What is PulteGroup Cyclically Adjusted PS Ratio?

PulteGroup PHM +0.83% 93 Cyclically Adjusted PS Ratio is 1.99 as of Jul. 11, 2026, which is 15% above its 10-year median of 1.73. GuruFocus rates PHM with a GF Score™ of 93/100 and a GF Value™ of $118.10 (Fairly Valued). The stock has 3 warning signs investors should review. Among 71 Homebuilding & Construction companies, PulteGroup ranks worse than 80.28% on this metric.

As of today (2026-07-11), PulteGroup's current share price is $124.75. PulteGroup's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $62.56. PulteGroup's Cyclically Adjusted PS Ratio for today is 1.99.

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

PHM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.73   Max: 2.94
Current: 1.99

During the past years, PulteGroup's highest Cyclically Adjusted PS Ratio was 2.94. The lowest was 0.84. And the median was 1.73.

PHM's Cyclically Adjusted PS Ratio is ranked worse than
80.28% of 71 companies
in the Homebuilding & Construction industry
Industry Median: 0.65 vs PHM: 1.99

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.

PulteGroup's adjusted revenue per share data for the three months ended in Mar. 2026 was $17.624. 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 $62.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PulteGroup  (NYSE:PHM) 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.


PulteGroup Cyclically Adjusted PS Ratio Related Terms


PulteGroup Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PulteGroup'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.

PulteGroup Cyclically Adjusted PS Ratio Chart

PulteGroup 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 1.86 1.20 2.32 2.08 1.95

PulteGroup 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 1.88 1.86 2.25 1.95 1.88

PHM vs LEN, NVR, TOL: Cyclically Adjusted PS Ratio Comparison

For the Residential Construction subindustry, PulteGroup'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.


PulteGroup Cyclically Adjusted PS Ratio vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, PulteGroup's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


PHM
93GF Score
PulteGroup Inc PHM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PulteGroup 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=124.75/62.56
=1.99

* 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.

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

For example, PulteGroup'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)
=17.624/330.2130*330.2130
=17.624

Current CPI (Mar. 2026) = 330.2130.

PulteGroup Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 5.172 241.018 7.086
201609 5.674 241.428 7.761
201612 7.633 241.432 10.440
201703 5.092 243.801 6.897
201706 6.442 244.955 8.684
201709 7.098 246.819 9.496
201712 9.529 246.524 12.764
201803 6.840 249.554 9.051
201806 8.965 251.989 11.748
201809 9.307 252.439 12.174
201812 10.705 251.233 14.070
201903 7.166 254.202 9.309
201906 8.967 256.143 11.560
201909 9.905 256.759 12.739
201912 11.116 256.974 14.284
202003 8.462 258.115 10.826
202006 9.641 257.797 12.349
202009 10.987 260.280 13.939
202012 11.891 260.474 15.075
202103 10.262 264.877 12.793
202106 12.786 271.696 15.540
202109 13.438 274.310 16.177
202112 16.533 278.802 19.582
202203 12.758 287.504 14.653
202206 16.326 296.311 18.194
202209 16.767 296.808 18.654
202212 22.272 296.797 24.780
202303 15.824 301.836 17.312
202306 18.751 305.109 20.294
202309 18.224 307.789 19.552
202312 19.906 306.746 21.429
202403 18.493 312.332 19.552
202406 21.779 314.175 22.891
202409 21.473 315.301 22.489
202412 23.875 315.605 24.980
202503 19.113 319.799 19.735
202506 21.944 322.561 22.465
202509 22.231 324.800 22.601
202512 23.557 324.054 24.005
202603 17.624 330.213 17.624

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 1.99 mean?
PulteGroup (PHM) has a Cyclically Adjusted PS Ratio of 1.99 as of Jul. 11, 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 PulteGroup and its competitors. This is 15% above median its historical median of 1.73. Over the past decade, PulteGroup's Cyclically Adjusted PS Ratio has ranged from 0.84 to 2.94. According to the industry distribution chart, PulteGroup ranks #57 out of 71 companies in the Homebuilding & Construction industry, placing it in the top 80.3%.
Is PulteGroup's Cyclically Adjusted PS Ratio too high?
PulteGroup's current Cyclically Adjusted PS Ratio of 1.99 is 15% above median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 2.94. The Homebuilding & Construction industry median Cyclically Adjusted PS Ratio is 0.65. PulteGroup's value of 1.99 is 206.2% above this industry median. Based on the distribution chart, PulteGroup ranks #57 out of 71 companies in the Homebuilding & Construction industry, which is in the bottom quartile relative to peers. Overall, PulteGroup has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PulteGroup's Cyclically Adjusted PS Ratio compare to LEN and NVR?
According to the Homebuilding & Construction industry distribution chart, PulteGroup ranks #57 out of 71 companies for Cyclically Adjusted PS Ratio. This places PulteGroup in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.65. PulteGroup's value of 1.99 is 206.2% above this benchmark. Historically, PulteGroup's own Cyclically Adjusted PS Ratio has ranged from 0.84 to 2.94 over the past decade. While the company's 10-year median is 1.73 vs. the industry median of 0.65, PulteGroup 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 Homebuilding & Construction company?
The median Cyclically Adjusted PS Ratio among Homebuilding & Construction companies is 0.65, based on 71 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. PulteGroup's current Cyclically Adjusted PS Ratio of 1.99 is 206.2% 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 PulteGroup and its competitors. For the Homebuilding & Construction industry, the median Cyclically Adjusted PS Ratio is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PulteGroup's current Cyclically Adjusted PS Ratio is 1.99, which is 15% above median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PulteGroup stock overvalued right now?
Based on GuruFocus' analysis, PulteGroup (PHM) is currently considered Fairly Valued. The stock's GF Value™ is $118.10, compared to a current price of $124.75 — trading 5.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.99, which is 15% above median its 10-year median of 1.73 and 206.2% above the Homebuilding & Construction industry median of 0.65. PulteGroup's overall GF Score™ is 93/100 with 3 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 PulteGroup (PHM), the current Cyclically Adjusted PS Ratio is 1.99 as of Jul. 11, 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 PulteGroup (PHM) Overvalued in 2026?

Based on GuruFocus' analysis, PulteGroup stock appears to be overvalued. The current stock price of $124.75 is trading 5.6% above its estimated GF Value™ of $118.10. GuruFocus considers PulteGroup to be Fairly Valued.

Key valuation signals for PHM:

  • Cyclically Adjusted PS Ratio: 1.99 (15% above median its 10-year median of 1.73)
  • GF Value™: $118.10 vs. price of $124.75 (5.6% above fair value)
  • GF Score™: 93/100 with 3 warning signs
  • Industry Position: 206.2% above the Homebuilding & Construction median (#57 of 71)

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


PulteGroup Business Description

Address 3350 Peachtree Road NE, Suite 1500, Atlanta, GA, USA, 30326
PulteGroup Inc is a homebuilder in the United States. The company mainly builds single-family detached homes and offers products to entry-level, move-up, and active-adult buyers. It also offers homebuyers mortgage financing, title, and insurance agency services through its financial services segment.
93GF Score

Get the complete analysis for PHM

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

$124.75
Price
$118.10
GF Value