Voya Financial (STU:V0Y) Cyclically Adjusted PS Ratio: (As of Aug. 08, 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:V0Y Voya Financial Inc STU:V0Y
76 GF Score
Price €87.50
GF Value €72.90
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Voya Financial Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Voya Financial  (STU:V0Y) 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.


Voya Financial Cyclically Adjusted PS Ratio Related Terms


Voya Financial Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Voya Financial'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.

Voya Financial Cyclically Adjusted PS Ratio Chart

Voya Financial 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 1.42 1.23 1.35 1.19 1.20

Voya Financial 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 1.19 1.25 1.20 1.08 0.00

STU:V0Y vs FRHC, HTH, TREE: Cyclically Adjusted PS Ratio Comparison

For the Financial Conglomerates subindustry, Voya Financial'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.


Voya Financial Cyclically Adjusted PS Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Voya Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:V0Y
76GF Score
Voya Financial Inc STU:V0Y
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Voya Financial 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.

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

For example, Voya Financial'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)
=17.877/333.9520*333.9520
=17.877

Current CPI (Jun. 2026) = 333.9520.

Voya Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 11.287 241.428 15.613
201612 2.671 241.432 3.695
201703 9.888 243.801 13.544
201706 10.389 244.955 14.164
201709 10.046 246.819 13.592
201712 3.756 246.524 5.088
201803 8.942 249.554 11.966
201806 10.467 251.989 13.872
201809 11.768 252.439 15.568
201812 4.621 251.233 6.142
201903 10.657 254.202 14.000
201906 11.625 256.143 15.156
201909 11.798 256.759 15.345
201912 10.042 256.974 13.050
202003 11.098 258.115 14.359
202006 11.552 257.797 14.965
202009 13.921 260.280 17.861
202012 11.407 260.474 14.625
202103 -12.558 264.877 -15.833
202106 15.338 271.696 18.853
202109 12.736 274.310 15.505
202112 10.978 278.802 13.150
202203 10.943 287.504 12.711
202206 12.764 296.311 14.385
202209 12.862 296.808 14.472
202212 13.744 296.797 15.465
202303 15.450 301.836 17.094
202306 15.392 305.109 16.847
202309 15.378 307.789 16.685
202312 15.298 306.746 16.655
202403 17.634 312.332 18.855
202406 18.081 314.175 19.219
202409 17.320 315.301 18.345
202412 19.090 315.605 20.200
202503 18.320 319.799 19.131
202506 17.092 322.561 17.696
202509 18.142 324.800 18.653
202512 18.142 324.054 18.696
202603 18.243 330.213 18.450
202606 17.877 333.952 17.877

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 Voya Financial (STU:V0Y) Overvalued in 2026?

Based on GuruFocus' analysis, Voya Financial stock appears to be overvalued. The current stock price of €87.50 is trading 20% above its estimated GF Value™ of €72.90. GuruFocus considers Voya Financial to be Modestly Overvalued.

Key valuation signals for STU:V0Y:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €72.90 vs. price of €87.50 (20% above fair value)
  • GF Score™: 76/100 with 8 warning signs

No single metric tells the full story. See the STU:V0Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Voya Financial Business Description

Other Exchanges VOYApB.PFD:USAVOYA:USA
Address 200 Park Avenue, New York, NY, USA, 10166
Voya Financial Inc is a financial services company, which, through its subsidiaries, provides various investment, insurance, and retirement solutions to individual and institutional clients in the United States. Its products and services include tax savings plans, individual retirement accounts, group life insurance plans, and employee benefits products, among others. The company tailors each of its products to the needs of its customer base. It operates its business through three principal lines: Retirement, Investment Management and Employee Benefits.The majority revenue is from Retirement segment.
76GF Score

Get the complete analysis for STU:V0Y

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

€87.50
Price
€72.90
GF Value