LSI Industries (STU:LS2) Cyclically Adjusted PS Ratio: 1.48 (As of Jul. 06, 2026) — 124% Above Median


STU:LS2 LSI Industries Inc STU:LS2
86 GF Score
Price €21.80
GF Value €17.04
Valuation Modestly Overvalued
! 8 Warning Signs
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What is LSI Industries Cyclically Adjusted PS Ratio?

LSI Industries STU:LS2 +0.93% 86 Cyclically Adjusted PS Ratio is 1.48 as of Jul. 06, 2026, which is 124% above its 10-year median of 0.66. GuruFocus rates STU:LS2 with a GF Score™ of 86/100 and a GF Value™ of €17.04 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,972 Hardware companies, LSI Industries ranks better than 50.25% on this metric.

As of today (2026-07-06), LSI Industries's current share price is €21.80. LSI Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €14.73. LSI Industries's Cyclically Adjusted PS Ratio for today is 1.48.

The historical rank and industry rank for LSI Industries's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:LS2' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.66   Max: 1.54
Current: 1.49

During the past years, LSI Industries's highest Cyclically Adjusted PS Ratio was 1.54. The lowest was 0.20. And the median was 0.66.

STU:LS2's Cyclically Adjusted PS Ratio is ranked better than
50.25% of 1972 companies
in the Hardware industry
Industry Median: 1.49 vs STU:LS2: 1.49

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

LSI Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was €3.846. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €14.73 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


LSI Industries  (STU:LS2) 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.


LSI Industries Cyclically Adjusted PS Ratio Related Terms


LSI Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for LSI Industries'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.

LSI Industries Cyclically Adjusted PS Ratio Chart

LSI Industries Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.41 0.80 0.90 1.02

LSI Industries 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 1.03 1.02 1.40 1.09 1.08

STU:LS2 vs DAKT, LPTH, KOPN: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, LSI Industries'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.


LSI Industries Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, LSI Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:LS2
86GF Score
LSI Industries Inc STU:LS2
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LSI Industries 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.

LSI Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.80/14.73
=1.48

* 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.

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

For example, LSI Industries'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)
=3.846/330.2130*330.2130
=3.846

Current CPI (Mar. 2026) = 330.2130.

LSI Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.780 241.018 3.809
201609 2.894 241.428 3.958
201612 3.147 241.432 4.304
201703 2.871 243.801 3.889
201706 2.831 244.955 3.816
201709 2.845 246.819 3.806
201712 3.016 246.524 4.040
201803 2.419 249.554 3.201
201806 2.750 251.989 3.604
201809 2.762 252.439 3.613
201812 3.018 251.233 3.967
201903 2.467 254.202 3.205
201906 2.755 256.143 3.552
201909 3.063 256.759 3.939
201912 2.794 256.974 3.590
202003 2.414 258.115 3.088
202006 2.117 257.797 2.712
202009 2.204 260.280 2.796
202012 2.295 260.474 2.909
202103 2.187 264.877 2.726
202106 2.907 271.696 3.533
202109 3.260 274.310 3.924
202112 3.505 278.802 4.151
202203 3.560 287.504 4.089
202206 4.286 296.311 4.776
202209 4.477 296.808 4.981
202212 4.164 296.797 4.633
202303 3.705 301.836 4.053
202306 3.791 305.109 4.103
202309 3.861 307.789 4.142
202312 3.327 306.746 3.582
202403 3.304 312.332 3.493
202406 3.961 314.175 4.163
202409 4.075 315.301 4.268
202412 4.569 315.605 4.780
202503 3.957 319.799 4.086
202506 4.343 322.561 4.446
202509 4.269 324.800 4.340
202512 3.923 324.054 3.998
202603 3.846 330.213 3.846

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.

What does a Cyclically Adjusted PS Ratio of 1.48 mean?
LSI Industries (STU:LS2) has a Cyclically Adjusted PS Ratio of 1.48 as of Jul. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on LSI Industries and its competitors. This is 124% above median its historical median of 0.66. Over the past decade, LSI Industries' Cyclically Adjusted PS Ratio has ranged from 0.20 to 1.54. According to the industry distribution chart, LSI Industries ranks #981 out of 1972 companies in the Hardware industry, placing it in the top 49.7%.
Is LSI Industries' Cyclically Adjusted PS Ratio too high?
LSI Industries' current Cyclically Adjusted PS Ratio of 1.48 is 124% above median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.54. The Hardware industry median Cyclically Adjusted PS Ratio is 1.49. LSI Industries' value of 1.48 is 0.7% below this industry median. Based on the distribution chart, LSI Industries ranks #981 out of 1972 companies in the Hardware industry, which is above the industry midpoint. Overall, LSI Industries has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LSI Industries' Cyclically Adjusted PS Ratio compare to DAKT and LPTH?
According to the Hardware industry distribution chart, LSI Industries ranks #981 out of 1972 companies for Cyclically Adjusted PS Ratio. This puts LSI Industries in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.49. LSI Industries' value of 1.48 is 0.7% below this benchmark. Historically, LSI Industries' own Cyclically Adjusted PS Ratio has ranged from 0.20 to 1.54 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 1.49, LSI Industries has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.49, based on 1,972 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. LSI Industries's current Cyclically Adjusted PS Ratio of 1.48 is 0.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on LSI Industries and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LSI Industries's current Cyclically Adjusted PS Ratio is 1.48, which is 124% above median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LSI Industries stock overvalued right now?
Based on GuruFocus' analysis, LSI Industries (STU:LS2) is currently considered Modestly Overvalued. The stock's GF Value™ is €17.04, compared to a current price of €21.80 — trading 27.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.48, which is 124% above median its 10-year median of 0.66 and 0.7% below the Hardware industry median of 1.49. LSI Industries' overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For LSI Industries (STU:LS2), the current Cyclically Adjusted PS Ratio is 1.48 as of Jul. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is LSI Industries (STU:LS2) Overvalued in 2026?

Based on GuruFocus' analysis, LSI Industries stock appears to be overvalued. The current stock price of €21.80 is trading 27.9% above its estimated GF Value™ of €17.04. GuruFocus considers LSI Industries to be Modestly Overvalued.

Key valuation signals for STU:LS2:

  • Cyclically Adjusted PS Ratio: 1.48 (124% above median its 10-year median of 0.66)
  • GF Value™: €17.04 vs. price of €21.80 (27.9% above fair value)
  • GF Score™: 86/100 with 8 warning signs
  • Industry Position: 0.7% below the Hardware median (#981 of 1972)

No single metric tells the full story. See the STU:LS2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LSI Industries Business Description

Other Exchanges LYTS:USA
Address 10000 Alliance Road, Cincinnati, OH, USA, 45242
LSI Industries Inc provides corporate visual image solutions to the petroleum and convenience store industry. The company's operating segments include Lighting and Display Solutions. It generates maximum revenue from the Display solutions segment. Lighting Segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets. The Display Solutions Segment manufactures, sells, and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements.
86GF Score

Get the complete analysis for STU:LS2

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

€21.80
Price
€17.04
GF Value