American Airlines Group (WBO:AAL) Cyclically Adjusted PS Ratio: (As of Jul. 24, 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.
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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.

WBO:AAL American Airlines Group Inc WBO:AAL
77 GF Score
Price €11.92
GF Value €13.39
Valuation Modestly Undervalued
! 3 Warning Signs
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What is American Airlines Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


American Airlines Group  (WBO:AAL) 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.


American Airlines Group Cyclically Adjusted PS Ratio Related Terms


American Airlines Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for American Airlines Group'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.

American Airlines Group Cyclically Adjusted PS Ratio Chart

American Airlines Group 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 0.18 0.15 0.16 0.20 0.17

American Airlines Group 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 0.13 0.13 0.17 0.12 0.00

WBO:AAL vs CPA, ALK, SKYW: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, American Airlines Group'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.


American Airlines Group Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, American Airlines Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WBO:AAL
77GF Score
American Airlines Group Inc WBO:AAL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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American Airlines Group 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.

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

For example, American Airlines Group'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)
=21.922/333.9520*333.9520
=21.922

Current CPI (Jun. 2026) = 333.9520.

American Airlines Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 17.860 241.428 24.705
201612 17.833 241.432 24.667
201703 18.081 243.801 24.767
201706 20.269 244.955 27.633
201709 18.905 246.819 25.579
201712 18.704 246.524 25.337
201803 17.773 249.554 23.784
201806 21.451 251.989 28.428
201809 21.465 252.439 28.396
201812 20.814 251.233 27.667
201903 20.658 254.202 27.139
201906 23.754 256.143 30.970
201909 24.447 256.759 31.797
201912 23.371 256.974 30.372
202003 18.102 258.115 23.421
202006 3.359 257.797 4.351
202009 5.292 260.280 6.790
202012 5.789 260.474 7.422
202103 5.305 264.877 6.688
202106 9.456 271.696 11.623
202109 10.572 274.310 12.871
202112 12.860 278.802 15.404
202203 12.441 287.504 14.451
202206 17.671 296.311 19.916
202209 18.990 296.808 21.367
202212 18.580 296.797 20.906
202303 17.336 301.836 19.181
202306 18.034 305.109 19.739
202309 19.312 307.789 20.954
202312 16.663 306.746 18.141
202403 17.633 312.332 18.854
202406 18.487 314.175 19.651
202409 18.703 315.301 19.809
202412 14.353 315.605 15.187
202503 17.620 319.799 18.400
202506 18.895 322.561 19.562
202509 17.664 324.800 18.162
202512 18.063 324.054 18.615
202603 18.201 330.213 18.407
202606 21.922 333.952 21.922

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 American Airlines Group (WBO:AAL) Overvalued in 2026?

Based on GuruFocus' analysis, American Airlines Group stock appears to be undervalued. The current stock price of €11.92 is trading 11% below its estimated GF Value™ of €13.39. GuruFocus considers American Airlines Group to be Modestly Undervalued.

Key valuation signals for WBO:AAL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €13.39 vs. price of €11.92 (11% below fair value)
  • GF Score™: 77/100 with 3 warning signs

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


American Airlines Group Business Description

Address 1 Skyview Drive, Fort Worth, TX, USA, 76155
American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major US hubs are Dallas/Fort Worth, Charlotte, Chicago, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of US airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest average fleet of US legacy carriers.
77GF Score

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

€11.92
Price
€13.39
GF Value