Covestro AG (WBO:1COV) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

WBO:1COV Covestro AG WBO:1COV
62 GF Score
Price €59.90
GF Value €51.08
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Covestro AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Covestro AG  (WBO:1COV) 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.


Covestro AG Cyclically Adjusted PS Ratio Related Terms


Covestro AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Covestro AG'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.

Covestro AG Cyclically Adjusted PS Ratio Chart

Covestro AG 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 0.76 0.46 0.64 0.66 0.72

Covestro AG Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.66 0.68 0.70 0.67 0.72

WBO:1COV vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Covestro AG'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.


Covestro AG Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Covestro AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WBO:1COV
62GF Score
Covestro AG WBO:1COV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Covestro AG 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.

Covestro AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Covestro AG's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=15.269/129.3606*129.3606
=15.269

Current CPI (Dec. 2025) = 129.3606.

Covestro AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 14.198 100.017 18.364
201606 14.765 100.717 18.964
201609 14.923 101.017 19.110
201612 14.899 101.217 19.042
201703 17.709 101.417 22.588
201706 17.274 102.117 21.882
201709 17.442 102.717 21.966
201712 17.423 102.617 21.964
201803 18.999 102.917 23.881
201806 19.649 104.017 24.436
201809 19.367 104.718 23.925
201812 17.909 104.217 22.230
201903 17.378 104.217 21.571
201906 17.575 105.718 21.506
201909 17.307 106.018 21.118
201912 15.662 105.818 19.147
202003 15.219 105.718 18.623
202006 11.790 106.618 14.305
202009 15.093 105.818 18.451
202012 16.176 105.518 19.831
202103 17.120 107.518 20.598
202106 20.480 108.486 24.421
202109 22.272 109.435 26.327
202112 22.455 110.384 26.315
202203 24.246 113.968 27.521
202206 24.614 115.760 27.506
202209 24.341 118.818 26.501
202212 20.869 119.345 22.620
202303 19.705 122.402 20.825
202306 19.616 123.140 20.607
202309 18.904 124.195 19.690
202312 17.728 123.773 18.528
202403 18.597 125.038 19.240
202406 19.551 125.882 20.091
202409 19.090 126.198 19.568
202412 17.887 127.041 18.214
202503 18.422 127.779 18.650
202506 17.903 128.412 18.035
202509 16.801 129.255 16.815
202512 15.269 129.361 15.269

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 Covestro AG (WBO:1COV) Overvalued in 2026?

Based on GuruFocus' analysis, Covestro AG stock appears to be overvalued. The current stock price of €59.90 is trading 17.3% above its estimated GF Value™ of €51.08. GuruFocus considers Covestro AG to be Modestly Overvalued.

Key valuation signals for WBO:1COV:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €51.08 vs. price of €59.90 (17.3% above fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the WBO:1COV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Covestro AG Business Description

Other Exchanges COVTY:USA1COV:Germany
Address Kaiser-Wilhelm-Allee 60, Leverkusen, NW, DEU, 51373
Covestro AG is a player in the polymer materials field. The firm is engaged in polyurethanes and polycarbonates products. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for the company's products is driven by cyclical end markets, such as automotive, construction, and furniture. The company's segment includes Performance Materials and Solutions & Specialties. The company generates the majority of its revenue from the Solutions & Specialties segment. The Solutions & Specialties segment includes six business entities: Engineering Plastics; Coatings & Adhesives; Tailored Urethanes; Thermoplastic Polyurethanes; Specialty Films; and Elastomers.
62GF Score

Get the complete analysis for WBO:1COV

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

€59.90
Price
€51.08
GF Value