Headwater Exploration (STU:C6V) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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:C6V Headwater Exploration Inc STU:C6V
78 GF Score
Price €8.65
GF Value €5.83
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Headwater Exploration Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Headwater Exploration  (STU:C6V) 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.


Headwater Exploration Cyclically Adjusted PS Ratio Related Terms


Headwater Exploration Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Headwater Exploration'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.

Headwater Exploration Cyclically Adjusted PS Ratio Chart

Headwater Exploration 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 - 14.26 10.99 8.37 9.03

Headwater Exploration 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 6.23 6.60 7.91 10.09 8.54

STU:C6V vs COP, EOG, OXY: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, Headwater Exploration'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.


Headwater Exploration Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Headwater Exploration's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:C6V
78GF Score
Headwater Exploration Inc STU:C6V
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Headwater Exploration 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.

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

For example, Headwater Exploration'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)
=0.488/133.5265*133.5265
=0.488

Current CPI (Jun. 2026) = 133.5265.

Headwater Exploration Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.016 101.765 0.021
201612 0.018 101.449 0.024
201703 0.035 102.634 0.046
201706 0.000 103.029 0.000
201709 0.000 103.345 0.000
201712 0.022 103.345 0.028
201803 0.083 105.004 0.106
201806 0.011 105.557 0.014
201809 0.000 105.636 0.000
201812 0.026 105.399 0.033
201903 0.043 106.979 0.054
201906 0.007 107.690 0.009
201909 0.000 107.611 0.000
201912 0.017 107.769 0.021
202003 0.014 107.927 0.017
202006 0.002 108.401 0.002
202009 0.000 108.164 0.000
202012 0.023 108.559 0.028
202103 0.078 110.298 0.094
202106 0.110 111.720 0.131
202109 0.132 112.905 0.156
202112 0.202 113.774 0.237
202203 0.308 117.646 0.350
202206 0.330 120.806 0.365
202209 0.244 120.648 0.270
202212 0.276 120.964 0.305
202303 0.259 122.702 0.282
202306 0.285 124.203 0.306
202309 0.352 125.230 0.375
202312 0.327 125.072 0.349
202403 0.323 126.258 0.342
202406 0.382 127.522 0.400
202409 0.359 127.285 0.377
202412 0.383 127.364 0.402
202503 0.394 129.181 0.407
202506 0.317 129.892 0.326
202509 0.325 130.287 0.333
202512 0.328 130.366 0.336
202603 0.390 132.262 0.394
202606 0.488 133.527 0.488

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 Headwater Exploration (STU:C6V) Overvalued in 2026?

Based on GuruFocus' analysis, Headwater Exploration stock appears to be overvalued. The current stock price of €8.65 is trading 48.4% above its estimated GF Value™ of €5.83. GuruFocus considers Headwater Exploration to be Significantly Overvalued.

Key valuation signals for STU:C6V:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €5.83 vs. price of €8.65 (48.4% above fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the STU:C6V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Headwater Exploration Business Description

Industry EnergyOil & Gas
Address 215 - 9th Avenue SW, Unit 1400, Calgary, AB, CAN, T2P 1K3
Headwater Exploration Inc is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The company has high quality oil production, reserves, and lands in the prolific Clearwater play in the Marten Hills, Greater Peavine and Greater Nipisi areas of Alberta as well as low decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick. Its core operating areas are Clearwater fairway, Alberta and McCully Field, New Brunswick.
78GF Score

Get the complete analysis for STU:C6V

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

€8.65
Price
€5.83
GF Value