LATAM Airlines Group (STU:LFL0) Cyclically Adjusted PS Ratio: (As of Aug. 05, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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STU:LFL0 LATAM Airlines Group SA STU:LFL0
72 GF Score
Price €48.20
GF Value €34.80
Valuation Significantly Overvalued
! 3 Warning Signs
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What is LATAM Airlines Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


LATAM Airlines Group  (STU:LFL0) 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.


LATAM Airlines Group Cyclically Adjusted PS Ratio Related Terms


LATAM Airlines Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for LATAM Airlines 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.

LATAM Airlines Group Cyclically Adjusted PS Ratio Chart

LATAM Airlines 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 0.02 0.01 0.01 0.02 0.05

LATAM Airlines 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 0.03 0.04 0.05 0.05 0.00

STU:LFL0 vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, LATAM Airlines 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.


LATAM Airlines Group Cyclically Adjusted PS Ratio vs Transportation Industry

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

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


STU:LFL0
72GF Score
LATAM Airlines Group SA STU:LFL0
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LATAM Airlines 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.

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

For example, LATAM Airlines 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)
=12.466/162.5100*162.5100
=12.466

Current CPI (Jun. 2026) = 162.5100.

LATAM Airlines Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 431.088 104.521 670.261
201612 466.005 104.532 724.474
201703 405.982 105.752 623.877
201706 351.222 105.730 539.838
201709 385.551 106.035 590.897
201712 406.035 106.907 617.217
201803 390.031 107.670 588.690
201806 355.355 108.421 532.633
201809 376.237 109.369 559.045
201812 426.855 109.653 632.619
201903 411.198 110.339 605.623
201906 385.908 111.352 563.203
201909 433.031 111.821 629.328
201912 456.650 112.943 657.059
202003 377.334 114.468 535.699
202006 72.163 114.283 102.615
202009 63.265 115.275 89.189
202012 122.647 116.299 171.381
202103 130.165 117.770 179.614
202106 135.717 118.630 185.917
202109 199.561 121.431 267.072
202112 315.830 124.634 411.810
202203 320.254 128.850 403.914
202206 378.785 133.448 461.275
202209 475.330 138.101 559.345
202212 8.459 140.574 9.779
202303 8.538 143.145 9.693
202306 8.041 143.538 9.104
202309 9.377 145.172 10.497
202312 9.744 146.109 10.838
202403 9.946 148.551 10.881
202406 9.170 149.592 9.962
202409 9.675 151.212 10.398
202412 10.546 152.774 11.218
202503 10.249 155.783 10.692
202506 9.402 155.754 9.810
202509 11.143 157.870 11.471
202512 11.528 158.040 11.854
202603 12.294 160.190 12.472
202606 12.466 162.510 12.466

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 LATAM Airlines Group (STU:LFL0) Overvalued in 2026?

Based on GuruFocus' analysis, LATAM Airlines Group stock appears to be overvalued. The current stock price of €48.20 is trading 38.5% above its estimated GF Value™ of €34.80. GuruFocus considers LATAM Airlines Group to be Significantly Overvalued.

Key valuation signals for STU:LFL0:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €34.80 vs. price of €48.20 (38.5% above fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the STU:LFL0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LATAM Airlines Group Business Description

Other Exchanges LTM:USALTM:Chile
Address Presidente Riesco 5711, 20th Floor, Las Condes, Santiago, CHL
LATAM Airlines Group SA is a Chilean-based airline company involved in the transportation of passengers and cargo. The company provides domestic services in Brazil, Chile, Peru, Colombia and Ecuador, as well as regional flights and long-haul operations. It carries out cargo operations using both belly space on passenger flights and dedicated freighter aircraft. The group also offers complementary services, such as ground handling, courier, logistics, and maintenance.
72GF Score

Get the complete analysis for STU:LFL0

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

€48.20
Price
€34.80
GF Value