ENAV SpA (STU:ENV) Cyclically Adjusted PS Ratio: (As of Sep. 22, 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:ENV ENAV SpA STU:ENV
87 GF Score
Price €4.89
GF Value €4.20
Valuation Modestly Overvalued
! 3 Warning Signs
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What is ENAV SpA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ENAV SpA  (STU:ENV) 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.


ENAV SpA Cyclically Adjusted PS Ratio Related Terms


ENAV SpA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ENAV SpA'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.

ENAV SpA Cyclically Adjusted PS Ratio Chart

ENAV SpA 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 - - 1.98 2.32 2.61

ENAV SpA Semi-Annual Data
Jun16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 2.13 2.32 2.14 2.61 2.83

STU:ENV vs JOBY: Cyclically Adjusted PS Ratio Comparison

For the Airports & Air Services subindustry, ENAV SpA'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.


ENAV SpA Cyclically Adjusted PS Ratio vs Transportation Industry

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

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


STU:ENV
87GF Score
ENAV SpA STU:ENV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ENAV SpA 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.

ENAV SpA's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, ENAV SpA's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=1.815/122.6000*122.6000
=1.815

Current CPI (Dec25) = 122.6000.

ENAV SpA Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 1.146 100.300 1.401
201712 1.562 101.200 1.892
201812 1.561 102.300 1.871
201912 1.600 102.800 1.908
202012 1.360 102.600 1.625
202112 1.476 106.600 1.698
202212 1.675 119.000 1.726
202312 1.778 119.700 1.821
202412 1.845 121.200 1.866
202512 1.815 122.600 1.815

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 ENAV SpA (STU:ENV) Overvalued in 2026?

Based on GuruFocus' analysis, ENAV SpA stock appears to be overvalued. The current stock price of €4.89 is trading 16.5% above its estimated GF Value™ of €4.20. GuruFocus considers ENAV SpA to be Modestly Overvalued.

Key valuation signals for STU:ENV:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €4.20 vs. price of €4.89 (16.5% above fair value)
  • GF Score™: 87/100 with 3 warning signs

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


ENAV SpA Business Description

Address Via Salaria 716, Rome, ITA, 00138
ENAV SpA is an Italy-based company engaged in providing air navigation and air traffic management services. The Group operates through three segments: Air Navigation Services, Maintenance Services, and AIM Software Solutions Services. The Air Navigation segment provides air traffic control and related services across Italian airspace and airports. The Maintenance segment focuses on the management and maintenance of air traffic control systems and infrastructure. The AIM Software Solutions segment develops software solutions for aeronautical information and air traffic management, along with related commercial and support services. It generates the majority of its revenue from the Flight assistance services segment.
87GF Score

Get the complete analysis for STU:ENV

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

€4.89
Price
€4.20
GF Value