Boralex (STU:B3H) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:B3H Boralex Inc STU:B3H
76 GF Score
Price €23.12
GF Value €20.93
Valuation Fairly Valued
! 11 Warning Signs
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What is Boralex Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Boralex  (STU:B3H) 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.


Boralex Cyclically Adjusted PS Ratio Related Terms


Boralex Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Boralex'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.

Boralex Cyclically Adjusted PS Ratio Chart

Boralex 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 5.57 6.17 4.57 3.70 2.93

Boralex 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 3.56 3.76 3.11 2.96 4.20

Boralex Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Boralex'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.


Boralex Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Boralex's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:B3H
76GF Score
Boralex Inc STU:B3H
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Boralex 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.

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

For example, Boralex'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)
=1.734/132.2623*132.2623
=1.734

Current CPI (Mar. 2026) = 132.2623.

Boralex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.685 102.002 0.888
201609 0.579 101.765 0.753
201612 0.806 101.449 1.051
201703 1.039 102.634 1.339
201706 0.829 103.029 1.064
201709 0.670 103.345 0.857
201712 1.077 103.345 1.378
201803 1.173 105.004 1.478
201806 0.826 105.557 1.035
201809 0.670 105.636 0.839
201812 1.109 105.399 1.392
201903 1.192 106.979 1.474
201906 0.917 107.690 1.126
201909 0.725 107.611 0.891
201912 1.315 107.769 1.614
202003 1.418 107.927 1.738
202006 0.842 108.401 1.027
202009 0.703 108.164 0.860
202012 1.171 108.559 1.427
202103 1.346 110.298 1.614
202106 0.994 111.720 1.177
202109 0.853 112.905 0.999
202112 1.346 113.774 1.565
202203 1.576 117.646 1.772
202206 1.230 120.806 1.347
202209 0.784 120.648 0.859
202212 2.306 120.964 2.521
202303 2.037 122.702 2.196
202306 1.437 124.203 1.530
202309 1.188 125.230 1.255
202312 2.153 125.072 2.277
202403 1.781 126.258 1.866
202406 1.248 127.522 1.294
202409 1.033 127.285 1.073
202412 1.546 127.364 1.605
202503 1.527 129.181 1.563
202506 1.221 129.892 1.243
202509 0.949 130.287 0.963
202512 1.547 130.366 1.570
202603 1.734 132.262 1.734

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 Boralex (STU:B3H) Overvalued in 2026?

Based on GuruFocus' analysis, Boralex stock appears to be overvalued. The current stock price of €23.12 is trading 10.5% above its estimated GF Value™ of €20.93. GuruFocus considers Boralex to be Fairly Valued.

Key valuation signals for STU:B3H:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €20.93 vs. price of €23.12 (10.5% above fair value)
  • GF Score™: 76/100 with 11 warning signs

No single metric tells the full story. See the STU:B3H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Boralex Business Description

Address 36 Lajeunesse Street, Kingsey Falls, QC, CAN, J0A 1B0
Boralex is a power producer whose core business is dedicated to the development and operation of renewable energy projects in Canada, France, the United States, and the United Kingdom. Boralex owns power generation assets across four technologies: wind, solar, hydroelectric, and thermal. Substantially all of its operating assets are subject to indexed fixed-price energy sales contracts.
76GF 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.

€23.12
Price
€20.93
GF Value