Keyera (STU:K2Y) Cyclically Adjusted PS Ratio: (As of Sep. 13, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:K2Y Keyera Corp STU:K2Y
67 GF Score
Price €33.80
GF Value €26.53
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Keyera 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


Keyera  (STU:K2Y) 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.


Keyera Cyclically Adjusted PS Ratio Related Terms


Keyera Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Keyera'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.

Keyera Cyclically Adjusted PS Ratio Chart

Keyera 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 1.40 1.32 1.36 1.81 1.70

Keyera 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 1.76 1.82 1.70 2.04 2.10

STU:K2Y vs WMB, EPD, ET: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Midstream subindustry, Keyera'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.


Keyera Cyclically Adjusted PS Ratio vs Oil & Gas Industry

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

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


STU:K2Y
67GF Score
Keyera Corp STU:K2Y
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keyera 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.

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

For example, Keyera'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)
=5.73/133.5265*133.5265
=5.730

Current CPI (Jun. 2026) = 133.5265.

Keyera Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.287 101.765 3.001
201612 2.662 101.449 3.504
201703 3.163 102.634 4.115
201706 2.778 103.029 3.600
201709 2.770 103.345 3.579
201712 3.510 103.345 4.535
201803 3.312 105.004 4.212
201806 3.402 105.557 4.303
201809 3.670 105.636 4.639
201812 3.565 105.399 4.516
201903 2.619 106.979 3.269
201906 3.000 107.690 3.720
201909 2.661 107.611 3.302
201912 3.103 107.769 3.845
202003 3.141 107.927 3.886
202006 1.572 108.401 1.936
202009 2.070 108.164 2.555
202012 2.060 108.559 2.534
202103 3.078 110.298 3.726
202106 3.175 111.720 3.795
202109 3.631 112.905 4.294
202112 5.435 113.774 6.379
202203 5.485 117.646 6.225
202206 6.274 120.806 6.935
202209 5.886 120.648 6.514
202212 5.554 120.964 6.131
202303 5.331 122.702 5.801
202306 4.545 124.203 4.886
202309 4.420 125.230 4.713
202312 6.865 125.072 7.329
202403 4.510 126.258 4.770
202406 5.081 127.522 5.320
202409 5.700 127.285 5.980
202412 5.664 127.364 5.938
202503 4.950 129.181 5.117
202506 4.454 129.892 4.579
202509 4.806 130.287 4.925
202512 4.579 130.366 4.690
202603 3.576 132.262 3.610
202606 5.730 133.527 5.730

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 Keyera (STU:K2Y) Overvalued in 2026?

Based on GuruFocus' analysis, Keyera stock appears to be overvalued. The current stock price of €33.80 is trading 27.4% above its estimated GF Value™ of €26.53. GuruFocus considers Keyera to be Modestly Overvalued.

Key valuation signals for STU:K2Y:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €26.53 vs. price of €33.80 (27.4% above fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the STU:K2Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keyera Business Description

Industry EnergyOil & Gas
Other Exchanges KEYUF:USAKEY:Canada
Address 144 - 4th Avenue SW, Suite 200, The Ampersand, West Tower, Calgary, AB, CAN, T2P 3N4
Keyera Corp is a midstream energy business that operates out of Alberta. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for natural gas liquids and crude oil, and the marketing of natural gas liquids, iso-octane, and crude oil. The company operates in three reportable segments namely Gathering and Processing, Liquids Infrastructure and Marketing where Liquids Infrastructure is the key revenue segment.
67GF Score

Get the complete analysis for STU:K2Y

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

€33.80
Price
€26.53
GF Value