The Hanover Insurance Group (STU:AF4) Cyclically Adjusted PS Ratio: (As of Aug. 10, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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STU:AF4 The Hanover Insurance Group Inc STU:AF4
63 GF Score
Price €196.00
GF Value €177.71
Valuation Fairly Valued
! 7 Warning Signs
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What is The Hanover Insurance Group Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Hanover Insurance Group  (STU:AF4) 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.


The Hanover Insurance Group Cyclically Adjusted PS Ratio Related Terms


The Hanover Insurance Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for The Hanover Insurance Group'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.

The Hanover Insurance Group Cyclically Adjusted PS Ratio Chart

The Hanover Insurance Group 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 1.03 0.98 0.84 1.02 1.15

The Hanover Insurance Group 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 1.09 1.15 1.15 1.07 1.30

STU:AF4 vs KNSL, MCY, SIGI: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Property & Casualty subindustry, The Hanover Insurance Group'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.


The Hanover Insurance Group Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, The Hanover Insurance Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:AF4
63GF Score
The Hanover Insurance Group Inc STU:AF4
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Hanover Insurance Group 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.

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

For example, The Hanover Insurance Group'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)
=42/333.9520*333.9520
=42.000

Current CPI (Jun. 2026) = 333.9520.

The Hanover Insurance Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 25.719 241.428 35.575
201612 8.024 241.432 11.099
201703 27.481 243.801 37.643
201706 26.328 244.955 35.893
201709 21.237 246.819 28.734
201712 21.320 246.524 28.881
201803 20.538 249.554 27.484
201806 22.510 251.989 29.832
201809 23.197 252.439 30.687
201812 22.702 251.233 30.177
201903 26.196 254.202 34.414
201906 25.747 256.143 33.568
201909 27.437 256.759 35.686
201912 28.070 256.974 36.479
202003 24.957 258.115 32.290
202006 28.493 257.797 36.910
202009 27.789 260.280 35.655
202012 28.412 260.474 36.427
202103 28.842 264.877 36.363
202106 29.387 271.696 36.121
202109 29.410 274.310 35.804
202112 33.615 278.802 40.264
202203 33.088 287.504 38.434
202206 33.676 296.311 37.954
202209 38.016 296.808 42.774
202212 38.531 296.797 43.355
202303 37.738 301.836 41.753
202306 38.557 305.109 42.202
202309 39.154 307.789 42.482
202312 37.499 306.746 40.825
202403 39.078 312.332 41.783
202406 39.292 314.175 41.765
202409 38.541 315.301 40.821
202412 41.409 315.605 43.816
202503 40.328 319.799 42.113
202506 39.215 322.561 40.600
202509 38.813 324.800 39.907
202512 38.898 324.054 40.086
202603 40.730 330.213 41.191
202606 42.000 333.952 42.000

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.

Is The Hanover Insurance Group (STU:AF4) Overvalued in 2026?

Based on GuruFocus' analysis, The Hanover Insurance Group stock appears to be overvalued. The current stock price of €196.00 is trading 10.3% above its estimated GF Value™ of €177.71. GuruFocus considers The Hanover Insurance Group to be Fairly Valued.

Key valuation signals for STU:AF4:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €177.71 vs. price of €196.00 (10.3% above fair value)
  • GF Score™: 63/100 with 7 warning signs

No single metric tells the full story. See the STU:AF4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Hanover Insurance Group Business Description

Other Exchanges THG:USA
Address 440 Lincoln Street, Worcester, MA, USA, 01653
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business through Hanover Insurance, Citizens and other THG subsidiaries. The company conducts business operations through four operating segments: Core Commercial, Specialty, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.
63GF Score

Get the complete analysis for STU:AF4

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

€196.00
Price
€177.71
GF Value