Vestas Wind Systems AS (WAR:VEST) Cyclically Adjusted PS Ratio: 1.82 (As of Aug. 01, 2026) — Near Median

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WAR:VEST Vestas Wind Systems AS WAR:VEST
61 GF Score
Price zł101.95
GF Value zł113.95
Valuation Fairly Valued
! 4 Warning Signs
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What is Vestas Wind Systems AS Cyclically Adjusted PS Ratio?

Vestas Wind Systems AS WAR:VEST 61 Cyclically Adjusted PS Ratio is 1.82 as of Aug. 01, 2026, which is 6% below its 10-year median of 1.93. GuruFocus rates WAR:VEST with a GF Score™ of 61/100 and a GF Value™ of zł113.95 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,300 Industrial Products companies, Vestas Wind Systems AS ranks better than 54.17% on this metric.

As of today (2026-08-01), Vestas Wind Systems AS's current share price is zł101.95. Vestas Wind Systems AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł56.11. Vestas Wind Systems AS's Cyclically Adjusted PS Ratio for today is 1.82.

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

WAR:VEST' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.93   Max: 4.52
Current: 1.5

During the past years, Vestas Wind Systems AS's highest Cyclically Adjusted PS Ratio was 4.52. The lowest was 0.80. And the median was 1.93.

WAR:VEST's Cyclically Adjusted PS Ratio is ranked better than
54.17% of 2300 companies
in the Industrial Products industry
Industry Median: 1.695 vs WAR:VEST: 1.50

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.

Vestas Wind Systems AS's adjusted revenue per share data for the three months ended in Mar. 2026 was zł16.720. 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 zł56.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vestas Wind Systems AS  (WAR:VEST) 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.


Vestas Wind Systems AS Cyclically Adjusted PS Ratio Related Terms


Vestas Wind Systems AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Vestas Wind Systems AS'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.

Vestas Wind Systems AS Cyclically Adjusted PS Ratio Chart

Vestas Wind Systems AS 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 2.57 2.27 2.23 0.93 1.52

Vestas Wind Systems AS 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 0.88 0.87 1.07 1.52 1.64

WAR:VEST vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Vestas Wind Systems AS'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.


Vestas Wind Systems AS Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

* The bar in red indicates where Vestas Wind Systems AS's Cyclically Adjusted PS Ratio falls into.


WAR:VEST
61GF Score
Vestas Wind Systems AS WAR:VEST
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vestas Wind Systems AS 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.

Vestas Wind Systems AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=101.95/56.11
=1.82

* 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.

Vestas Wind Systems AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Vestas Wind Systems AS'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)
=16.72/121.6800*121.6800
=16.720

Current CPI (Mar. 2026) = 121.6800.

Vestas Wind Systems AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 9.735 100.600 11.775
201609 11.036 100.200 13.402
201612 12.060 100.300 14.631
201703 7.065 101.200 8.495
201706 8.667 101.200 10.421
201709 11.496 101.800 13.741
201712 13.201 101.300 15.857
201803 7.655 101.700 9.159
201806 9.869 102.300 11.739
201809 12.055 102.400 14.325
201812 14.551 102.100 17.341
201903 7.599 102.900 8.986
201906 8.958 102.900 10.593
201909 15.009 102.900 17.748
201912 19.901 102.900 23.533
202003 9.429 103.300 11.107
202006 21.294 103.200 25.107
202009 21.445 103.500 25.212
202012 18.789 103.400 22.111
202103 8.988 104.300 10.486
202106 15.536 105.000 18.004
202109 23.295 105.800 26.791
202112 18.221 106.600 20.799
202203 10.129 109.900 11.215
202206 13.169 113.600 14.106
202209 14.777 116.400 15.447
202212 18.535 115.900 19.459
202303 11.210 117.300 11.629
202306 14.490 116.400 15.147
202309 17.964 117.400 18.619
202312 19.519 116.700 20.352
202403 11.213 118.400 11.524
202406 13.430 118.500 13.790
202409 21.985 118.900 22.499
202412 22.453 118.900 22.978
202503 14.007 120.200 14.179
202506 15.137 120.700 15.260
202509 23.268 121.600 23.283
202512 26.795 121.200 26.901
202603 16.720 121.680 16.720

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 1.82 mean?
Vestas Wind Systems AS (WAR:VEST) has a Cyclically Adjusted PS Ratio of 1.82 as of Aug. 01, 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 Vestas Wind Systems AS and its competitors. This is near median its historical median of 1.93. Over the past decade, Vestas Wind Systems AS's Cyclically Adjusted PS Ratio has ranged from 0.80 to 4.52. According to the industry distribution chart, Vestas Wind Systems AS ranks #1054 out of 2300 companies in the Industrial Products industry, placing it in the top 45.8%.
Is Vestas Wind Systems AS's Cyclically Adjusted PS Ratio too high?
Vestas Wind Systems AS's current Cyclically Adjusted PS Ratio of 1.82 is near median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 4.52. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.70. Vestas Wind Systems AS's value of 1.82 is 7.4% above this industry median. Based on the distribution chart, Vestas Wind Systems AS ranks #1054 out of 2300 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Vestas Wind Systems AS has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vestas Wind Systems AS's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Vestas Wind Systems AS ranks #1054 out of 2300 companies for Cyclically Adjusted PS Ratio. This puts Vestas Wind Systems AS in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.70. Vestas Wind Systems AS's value of 1.82 is 7.4% above this benchmark. Historically, Vestas Wind Systems AS's own Cyclically Adjusted PS Ratio has ranged from 0.80 to 4.52 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 1.70, Vestas Wind Systems AS has consistently been above 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 1.70, based on 2,300 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. Vestas Wind Systems AS's current Cyclically Adjusted PS Ratio of 1.82 is 7.4% above 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 Vestas Wind Systems AS and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vestas Wind Systems AS's current Cyclically Adjusted PS Ratio is 1.82, which is near median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vestas Wind Systems AS stock overvalued right now?
Based on GuruFocus' analysis, Vestas Wind Systems AS (WAR:VEST) is currently considered Fairly Valued. The stock's GF Value™ is zł113.95, compared to a current price of zł101.95 — trading 10.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.82, which is near median its 10-year median of 1.93 and 7.4% above the Industrial Products industry median of 1.70. Vestas Wind Systems AS's overall GF Score™ is 61/100 with 4 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 Vestas Wind Systems AS (WAR:VEST), the current Cyclically Adjusted PS Ratio is 1.82 as of Aug. 01, 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 Vestas Wind Systems AS (WAR:VEST) Overvalued in 2026?

Based on GuruFocus' analysis, Vestas Wind Systems AS stock appears to be undervalued. The current stock price of zł101.95 is trading 10.5% below its estimated GF Value™ of zł113.95. GuruFocus considers Vestas Wind Systems AS to be Fairly Valued.

Key valuation signals for WAR:VEST:

  • Cyclically Adjusted PS Ratio: 1.82 (near median its 10-year median of 1.93)
  • GF Value™: zł113.95 vs. price of zł101.95 (10.5% below fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 7.4% above the Industrial Products median (#1054 of 2300)

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


Vestas Wind Systems AS Business Description

Address Hedeager 42, Aarhus, DNK, 8200
Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.
61GF Score

Get the complete analysis for WAR:VEST

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

zł101.95
Price
zł113.95
GF Value