Hydro One (STU:8H1) Cyclically Adjusted PS Ratio: 3.98 (As of Aug. 16, 2026) — 11% Above Median

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STU:8H1 Hydro One Ltd STU:8H1
78 GF Score
Price €35.02
GF Value €32.86
! 8 Warning Signs
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What is Hydro One Cyclically Adjusted PS Ratio?

Hydro One STU:8H1 -0.20% 78 Cyclically Adjusted PS Ratio is 3.98 as of Aug. 16, 2026, which is 11% above its 10-year median of 3.59. GuruFocus rates STU:8H1 with a GF Score™ of 78/100 and a GF Value™ of €32.86. The stock has 8 warning signs investors should review. Among 438 Utilities - Regulated companies, Hydro One ranks worse than 87.21% on this metric.

As of today (2026-08-16), Hydro One's current share price is €35.02. Hydro One's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €8.81. Hydro One's Cyclically Adjusted PS Ratio for today is 3.98.

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

STU:8H1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 3.59   Max: 4.34
Current: 3.94

During the past years, Hydro One's highest Cyclically Adjusted PS Ratio was 4.34. The lowest was 0.01. And the median was 3.59.

STU:8H1's Cyclically Adjusted PS Ratio is ranked worse than
87.21% of 438 companies
in the Utilities - Regulated industry
Industry Median: 1.45 vs STU:8H1: 3.94

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.

Hydro One's adjusted revenue per share data for the three months ended in Jun. 2026 was €2.370. 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 €8.81 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hydro One  (STU:8H1) 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.


Hydro One Cyclically Adjusted PS Ratio Related Terms


Hydro One Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hydro One'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.

Hydro One Cyclically Adjusted PS Ratio Chart

Hydro One 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 0.00 0.00 0.00 0.02 3.94

Hydro One 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 3.57 3.60 3.94 4.06 4.09

STU:8H1 vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, Hydro One'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.


Hydro One Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hydro One's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:8H1
78GF Score
Hydro One Ltd STU:8H1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hydro One 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.

Hydro One's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.02/8.81
=3.98

* 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.

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

For example, Hydro One'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)
=2.37/133.5265*133.5265
=2.370

Current CPI (Jun. 2026) = 133.5265.

Hydro One Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.942 101.765 2.548
201612 1.922 101.449 2.530
201703 1.939 102.634 2.523
201706 1.536 103.029 1.991
201709 1.740 103.345 2.248
201712 1.593 103.345 2.058
201803 1.653 105.004 2.102
201806 1.611 105.557 2.038
201809 1.766 105.636 2.232
201812 1.631 105.399 2.066
201903 1.946 106.979 2.429
201906 1.571 107.690 1.948
201909 1.824 107.611 2.263
201912 1.956 107.769 2.423
202003 2.000 107.927 2.474
202006 1.824 108.401 2.247
202009 2.036 108.164 2.513
202012 1.996 108.559 2.455
202103 2.017 110.298 2.442
202106 1.948 111.720 2.328
202109 2.138 112.905 2.528
202112 2.049 113.774 2.405
202203 2.445 117.646 2.775
202206 2.263 120.806 2.501
202209 2.560 120.648 2.833
202212 2.181 120.964 2.408
202303 2.357 122.702 2.565
202306 2.147 124.203 2.308
202309 2.230 125.230 2.378
202312 2.242 125.072 2.394
202403 2.451 126.258 2.592
202406 2.292 127.522 2.400
202409 2.427 127.285 2.546
202412 2.338 127.364 2.451
202503 2.583 129.181 2.670
202506 2.181 129.892 2.242
202509 2.357 130.287 2.416
202512 2.337 130.366 2.394
202603 2.779 132.262 2.806
202606 2.370 133.527 2.370

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 3.98 mean?
Hydro One (STU:8H1) has a Cyclically Adjusted PS Ratio of 3.98 as of Aug. 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 Hydro One and its competitors. This is 11% above median its historical median of 3.59. Over the past decade, Hydro One's Cyclically Adjusted PS Ratio has ranged from 0.01 to 4.34. According to the industry distribution chart, Hydro One ranks #382 out of 438 companies in the Utilities - Regulated industry, placing it in the top 87.2%.
Is Hydro One's Cyclically Adjusted PS Ratio too high?
Hydro One's current Cyclically Adjusted PS Ratio of 3.98 is 11% above median its 10-year median of 3.59. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 4.34. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.45. Hydro One's value of 3.98 is 174.5% above this industry median. Based on the distribution chart, Hydro One ranks #382 out of 438 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Hydro One has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Hydro One's Cyclically Adjusted PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Hydro One ranks #382 out of 438 companies for Cyclically Adjusted PS Ratio. This places Hydro One in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.45. Hydro One's value of 3.98 is 174.5% above this benchmark. Historically, Hydro One's own Cyclically Adjusted PS Ratio has ranged from 0.01 to 4.34 over the past decade. While the company's 10-year median is 3.59 vs. the industry median of 1.45, Hydro One 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 1.45, based on 438 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. Hydro One's current Cyclically Adjusted PS Ratio of 3.98 is 174.5% 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 Hydro One and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hydro One's current Cyclically Adjusted PS Ratio is 3.98, which is 11% above median its own 10-year median of 3.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hydro One stock overvalued right now?
Hydro One (STU:8H1) has a current Cyclically Adjusted PS Ratio of 3.98. The stock's GF Value™ is €32.86, compared to a current price of €35.02 — trading 6.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.98, which is 11% above median its 10-year median of 3.59 and 174.5% above the Utilities - Regulated industry median of 1.45. Hydro One's 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 Hydro One (STU:8H1), the current Cyclically Adjusted PS Ratio is 3.98 as of Aug. 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 Hydro One (STU:8H1) Overvalued in 2026?

Based on GuruFocus' analysis, Hydro One stock appears to be overvalued. The current stock price of €35.02 is trading 6.6% above its estimated GF Value™ of €32.86.

Key valuation signals for STU:8H1:

  • Cyclically Adjusted PS Ratio: 3.98 (11% above median its 10-year median of 3.59)
  • GF Value™: €32.86 vs. price of €35.02 (6.6% above fair value)
  • GF Score™: 78/100 with 8 warning signs
  • Industry Position: 174.5% above the Utilities - Regulated median (#382 of 438)

No single metric tells the full story. See the STU:8H1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hydro One Business Description

Address 483 Bay Street, South Tower, 8th Floor, Toronto, ON, CAN, M5G 2P5
Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47.5% common equity stake.
78GF Score

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

€35.02
Price
€32.86
GF Value