Cebu Air (PHS:CEB) Cyclically Adjusted PS Ratio: 0.22 (As of Aug. 15, 2026) — 44% Below Median

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PHS:CEB Cebu Air Inc PHS:CEB
72 GF Score
Price ₱28.70
GF Value ₱46.42
Valuation Possible Value Trap
! 10 Warning Signs
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What is Cebu Air Cyclically Adjusted PS Ratio?

Cebu Air PHS:CEB +0.17% 72 Cyclically Adjusted PS Ratio is 0.22 as of Aug. 15, 2026, which is 44% below its 10-year median of 0.39. GuruFocus rates PHS:CEB with a GF Score™ of 72/100 and a GF Value™ of ₱46.42 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 764 Transportation companies, Cebu Air ranks better than 85.73% on this metric.

As of today (2026-08-15), Cebu Air's current share price is ₱28.70. Cebu Air's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₱129.11. Cebu Air's Cyclically Adjusted PS Ratio for today is 0.22.

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

PHS:CEB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.39   Max: 1.04
Current: 0.22

During the past years, Cebu Air's highest Cyclically Adjusted PS Ratio was 1.04. The lowest was 0.22. And the median was 0.39.

PHS:CEB's Cyclically Adjusted PS Ratio is ranked better than
85.73% of 764 companies
in the Transportation industry
Industry Median: 0.915 vs PHS:CEB: 0.22

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.

Cebu Air's adjusted revenue per share data for the three months ended in Jun. 2026 was ₱57.512. 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 ₱129.11 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cebu Air  (PHS:CEB) 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.


Cebu Air Cyclically Adjusted PS Ratio Related Terms


Cebu Air Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Cebu Air'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.

Cebu Air Cyclically Adjusted PS Ratio Chart

Cebu Air 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 0.43 0.37 0.29 0.25 0.26

Cebu Air 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 0.29 0.29 0.26 0.23 0.23

PHS:CEB vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, Cebu Air'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.


Cebu Air Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Cebu Air's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


PHS:CEB
72GF Score
Cebu Air Inc PHS:CEB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cebu Air 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.

Cebu Air's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=28.70/129.11
=0.22

* 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.

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

For example, Cebu Air'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)
=57.512/333.9520*333.9520
=57.512

Current CPI (Jun. 2026) = 333.9520.

Cebu Air Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 24.512 241.428 33.906
201612 25.122 241.432 34.749
201703 27.830 243.801 38.121
201706 31.013 244.955 42.281
201709 24.512 246.819 33.165
201712 29.207 246.524 39.565
201803 30.135 249.554 40.327
201806 32.303 251.989 42.810
201809 26.868 252.439 35.544
201812 33.674 251.233 44.761
201903 35.595 254.202 46.762
201906 39.149 256.143 51.041
201909 31.488 256.759 40.955
201912 35.249 256.974 45.808
202003 26.795 258.115 34.668
202006 2.366 257.797 3.065
202009 3.344 260.280 4.291
202012 5.457 260.474 6.996
202103 4.513 264.877 5.690
202106 5.271 271.696 6.479
202109 5.312 274.310 6.467
202112 10.277 278.802 12.310
202203 10.937 287.504 12.704
202206 22.706 296.311 25.590
202209 27.345 296.808 30.767
202212 31.183 296.797 35.087
202303 16.703 301.836 18.480
202306 36.549 305.109 40.004
202309 37.554 307.789 40.746
202312 18.976 306.746 20.659
202403 20.206 312.332 21.605
202406 41.856 314.175 44.491
202409 36.981 315.301 39.169
202412 24.251 315.605 25.661
202503 48.781 319.799 50.940
202506 53.514 322.561 55.404
202509 39.585 324.800 40.700
202512 26.031 324.054 26.826
202603 54.381 330.213 54.997
202606 57.512 333.952 57.512

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 0.22 mean?
Cebu Air (PHS:CEB) has a Cyclically Adjusted PS Ratio of 0.22 as of Aug. 15, 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 Cebu Air and its competitors. This is 44% below median its historical median of 0.39. Over the past decade, Cebu Air's Cyclically Adjusted PS Ratio has ranged from 0.22 to 1.04. According to the industry distribution chart, Cebu Air ranks #109 out of 764 companies in the Transportation industry, placing it in the top 14.3%.
Is Cebu Air's Cyclically Adjusted PS Ratio too high?
Cebu Air's current Cyclically Adjusted PS Ratio of 0.22 is 44% below median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.04. The Transportation industry median Cyclically Adjusted PS Ratio is 0.92. Cebu Air's value of 0.22 is 76% below this industry median. Based on the distribution chart, Cebu Air ranks #109 out of 764 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Cebu Air has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cebu Air's Cyclically Adjusted PS Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Cebu Air ranks #109 out of 764 companies for Cyclically Adjusted PS Ratio. This places Cebu Air in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.92. Cebu Air's value of 0.22 is 76% below this benchmark. Historically, Cebu Air's own Cyclically Adjusted PS Ratio has ranged from 0.22 to 1.04 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.92, Cebu Air has consistently been below 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.92, based on 764 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. Cebu Air's current Cyclically Adjusted PS Ratio of 0.22 is 76% below 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 Cebu Air and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cebu Air's current Cyclically Adjusted PS Ratio is 0.22, which is 44% below median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cebu Air stock overvalued right now?
Based on GuruFocus' analysis, Cebu Air (PHS:CEB) is currently considered Possible Value Trap. The stock's GF Value™ is ₱46.42, compared to a current price of ₱28.70 — trading 38.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.22, which is 44% below median its 10-year median of 0.39 and 76% below the Transportation industry median of 0.92. Cebu Air's overall GF Score™ is 72/100 with 10 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 Cebu Air (PHS:CEB), the current Cyclically Adjusted PS Ratio is 0.22 as of Aug. 15, 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 Cebu Air (PHS:CEB) Overvalued in 2026?

Based on GuruFocus' analysis, Cebu Air stock appears to be undervalued. The current stock price of ₱28.70 is trading 38.2% below its estimated GF Value™ of ₱46.42. GuruFocus considers Cebu Air to be Possible Value Trap.

Key valuation signals for PHS:CEB:

  • Cyclically Adjusted PS Ratio: 0.22 (44% below median its 10-year median of 0.39)
  • GF Value™: ₱46.42 vs. price of ₱28.70 (38.2% below fair value)
  • GF Score™: 72/100 with 10 warning signs
  • Industry Position: 76% below the Transportation median (#109 of 764)

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


Cebu Air Business Description

Address Sergio Osmena Boulevard, Basement 2, R 01-02, Robinsons Galleria Cebu, Barangay Tejero, General Maxilom Avenue corner, Cebu, CEB, PHL, 6000
Cebu Air Inc is a carrier in the Philippine air transportation industry. It has two reportable operating segments, has three reportable operating segments, which is the airline business (Parent Company, CEBGO and AirSWIFT), line, light and base maintenance business (A-Plus) and ground handling business (1Aviation). The revenue of the company was mainly derived from rendering transportation services, line, light and base maintenance services and ground handling services.
72GF Score

Get the complete analysis for PHS:CEB

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

₱28.70
Price
₱46.42
GF Value