Velan (VLNSF) Cyclically Adjusted PS Ratio: 0.67 (As of Jul. 16, 2026) — 63% Above Median

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.

VLNSF Velan Inc VLNSF
63 GF Score
Price $12.03
GF Value $9.27
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Velan Cyclically Adjusted PS Ratio?

Velan VLNSF +6.27% 63 Cyclically Adjusted PS Ratio is 0.67 as of Jul. 16, 2026, which is 63% above its 10-year median of 0.41. GuruFocus rates VLNSF with a GF Score™ of 63/100 and a GF Value™ of $9.27 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,295 Industrial Products companies, Velan ranks better than 75.34% on this metric.

As of today (2026-07-16), Velan's current share price is $12.025. Velan's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was $17.90. Velan's Cyclically Adjusted PS Ratio for today is 0.67.

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

VLNSF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.41   Max: 0.83
Current: 0.68

During the past years, Velan's highest Cyclically Adjusted PS Ratio was 0.83. The lowest was 0.18. And the median was 0.41.

VLNSF's Cyclically Adjusted PS Ratio is ranked better than
75.34% of 2295 companies
in the Industrial Products industry
Industry Median: 1.85 vs VLNSF: 0.68

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.

Velan's adjusted revenue per share data for the three months ended in May. 2026 was $2.679. 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 $17.90 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Velan  (OTCPK:VLNSF) 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.


Velan Cyclically Adjusted PS Ratio Related Terms


Velan Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Velan'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.

Velan Cyclically Adjusted PS Ratio Chart

Velan Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.39 0.49 0.20 0.60 0.67

Velan Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.61 0.62 0.75 0.67 0.64

VLNSF vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Velan'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.


Velan Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Velan's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


VLNSF
63GF Score
Velan Inc VLNSF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Velan 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.

Velan's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.025/17.90
=0.67

* 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.

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

For example, Velan's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=2.679/134.0005*134.0005
=2.679

Current CPI (May. 2026) = 134.0005.

Velan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 3.273 101.686 4.313
201611 3.700 101.607 4.880
201702 4.735 102.476 6.192
201705 3.281 103.108 4.264
201708 3.535 103.108 4.594
201711 4.056 103.740 5.239
201802 4.741 104.688 6.068
201805 3.602 105.399 4.579
201808 4.226 106.031 5.341
201811 4.267 105.478 5.421
201902 4.872 106.268 6.143
201905 3.876 107.927 4.812
201908 3.953 108.085 4.901
201911 4.103 107.769 5.102
202002 5.259 108.559 6.491
202005 3.551 107.532 4.425
202008 3.166 108.243 3.919
202011 3.315 108.796 4.083
202102 3.961 109.745 4.836
202105 3.453 111.404 4.153
202108 4.720 112.668 5.614
202111 5.095 113.932 5.992
202202 5.784 115.986 6.682
202205 3.475 120.016 3.880
202208 3.940 120.569 4.379
202211 4.412 121.675 4.859
202302 5.334 122.070 5.855
202305 3.134 124.045 3.386
202308 3.721 125.389 3.977
202311 2.880 125.468 3.076
202402 3.761 125.468 4.017
202405 2.821 127.601 2.962
202408 3.599 127.838 3.772
202411 3.401 127.838 3.565
202502 3.854 128.786 4.010
202505 3.346 129.813 3.454
202508 3.132 130.208 3.223
202511 3.320 130.682 3.404
202602 3.933 131.077 4.021
202605 2.679 134.001 2.679

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 0.67 mean?
Velan (VLNSF) has a Cyclically Adjusted PS Ratio of 0.67 as of Jul. 16, 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 Velan and its competitors. This is 63% above median its historical median of 0.41. Over the past decade, Velan's Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.83. According to the industry distribution chart, Velan ranks #566 out of 2295 companies in the Industrial Products industry, placing it in the top 24.7%.
Is Velan's Cyclically Adjusted PS Ratio too high?
Velan's current Cyclically Adjusted PS Ratio of 0.67 is 63% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.83. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.85. Velan's value of 0.67 is 63.8% below this industry median. Based on the distribution chart, Velan ranks #566 out of 2295 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Velan has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Velan's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Velan ranks #566 out of 2295 companies for Cyclically Adjusted PS Ratio. This places Velan in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.85. Velan's value of 0.67 is 63.8% below this benchmark. Historically, Velan's own Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.83 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 1.85, Velan 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.85, based on 2,295 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. Velan's current Cyclically Adjusted PS Ratio of 0.67 is 63.8% 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 Velan and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Velan's current Cyclically Adjusted PS Ratio is 0.67, which is 63% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Velan stock overvalued right now?
Based on GuruFocus' analysis, Velan (VLNSF) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.27, compared to a current price of $12.03 — trading 29.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.67, which is 63% above median its 10-year median of 0.41 and 63.8% below the Industrial Products industry median of 1.85. Velan's overall GF Score™ is 63/100 with 6 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 Velan (VLNSF), the current Cyclically Adjusted PS Ratio is 0.67 as of Jul. 16, 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 Velan (VLNSF) Overvalued in 2026?

Based on GuruFocus' analysis, Velan stock appears to be overvalued. The current stock price of $12.03 is trading 29.7% above its estimated GF Value™ of $9.27. GuruFocus considers Velan to be Modestly Overvalued.

Key valuation signals for VLNSF:

  • Cyclically Adjusted PS Ratio: 0.67 (63% above median its 10-year median of 0.41)
  • GF Value™: $9.27 vs. price of $12.03 (29.7% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 63.8% below the Industrial Products median (#566 of 2295)

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


Velan Business Description

Other Exchanges VLN:Canada
Address 7007 Cote de Liesse Road, Montreal, QC, CAN, H4T 1G2
Velan Inc is an international manufacturer of industrial valves. The company offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, mining, shipbuilding, water, and wastewater. It operates in various geographical regions: Canada, the United States, France, Italy, and Other countries.
63GF Score

Get the complete analysis for VLNSF

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

$12.03
Price
$9.27
GF Value