Ecolab (WBO:ECL) Cyclically Adjusted PS Ratio: 4.88 (As of Jul. 14, 2026) — 18% 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.

WBO:ECL Ecolab Inc WBO:ECL
84 GF Score
Price €236.70
GF Value €235.23
Valuation Fairly Valued
View Full Analysis

What is Ecolab Cyclically Adjusted PS Ratio?

Ecolab WBO:ECL -0.59% 84 Cyclically Adjusted PS Ratio is 4.88 as of Jul. 14, 2026, which is 18% above its 10-year median of 4.14. GuruFocus rates WBO:ECL with a GF Score™ of 84/100 and a GF Value™ of €235.23 (Fairly Valued). Among 1,279 Chemicals companies, Ecolab ranks worse than 83.27% on this metric.

As of today (2026-07-14), Ecolab's current share price is €236.70. Ecolab's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €48.53. Ecolab's Cyclically Adjusted PS Ratio for today is 4.88.

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

WBO:ECL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.55   Med: 4.14   Max: 5.51
Current: 4.76

During the past years, Ecolab's highest Cyclically Adjusted PS Ratio was 5.51. The lowest was 2.55. And the median was 4.14.

WBO:ECL's Cyclically Adjusted PS Ratio is ranked worse than
83.27% of 1279 companies
in the Chemicals industry
Industry Median: 1.32 vs WBO:ECL: 4.76

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.

Ecolab's adjusted revenue per share data for the three months ended in Mar. 2026 was €12.398. 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 €48.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ecolab  (WBO:ECL) 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.


Ecolab Cyclically Adjusted PS Ratio Related Terms


Ecolab Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ecolab'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.

Ecolab Cyclically Adjusted PS Ratio Chart

Ecolab 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 4.73 2.76 3.66 4.26 4.69

Ecolab 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 4.56 4.82 4.87 4.69 4.66

WBO:ECL vs SHW, APD, PPG: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Ecolab'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.


Ecolab Cyclically Adjusted PS Ratio vs Chemicals Industry

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

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


WBO:ECL
84GF Score
Ecolab Inc WBO:ECL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ecolab 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=236.70/48.53
=4.88

* 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.

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

For example, Ecolab'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)
=12.398/330.2130*330.2130
=12.398

Current CPI (Mar. 2026) = 330.2130.

Ecolab Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 9.957 241.018 13.642
201609 10.203 241.428 13.955
201612 10.751 241.432 14.704
201703 10.023 243.801 13.576
201706 10.471 244.955 14.115
201709 10.193 246.819 13.637
201712 10.509 246.524 14.077
201803 9.617 249.554 12.725
201806 10.768 251.989 14.111
201809 10.945 252.439 14.317
201812 3.958 251.233 5.202
201903 10.613 254.202 13.786
201906 9.602 256.143 12.379
201909 9.998 256.759 12.858
201912 9.982 256.974 12.827
202003 9.343 258.115 11.953
202006 8.181 257.797 10.479
202009 8.886 260.280 11.274
202012 8.725 260.474 11.061
202103 8.391 264.877 10.461
202106 9.089 271.696 11.047
202109 9.760 274.310 11.749
202112 10.289 278.802 12.186
202203 10.296 287.504 11.825
202206 11.819 296.311 13.171
202209 12.944 296.808 14.401
202212 12.143 296.797 13.510
202303 11.668 301.836 12.765
202306 12.419 305.109 13.441
202309 12.927 307.789 13.869
202312 12.592 306.746 13.555
202403 11.994 312.332 12.681
202406 12.902 314.175 13.561
202409 12.597 315.301 13.193
202412 13.374 315.605 13.993
202503 11.980 319.799 12.370
202506 12.228 322.561 12.518
202509 12.434 324.800 12.641
202512 12.578 324.054 12.817
202603 12.398 330.213 12.398

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 4.88 mean?
Ecolab (WBO:ECL) has a Cyclically Adjusted PS Ratio of 4.88 as of Jul. 14, 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 Ecolab and its competitors. This is 18% above median its historical median of 4.14. Over the past decade, Ecolab's Cyclically Adjusted PS Ratio has ranged from 2.55 to 5.51. According to the industry distribution chart, Ecolab ranks #1065 out of 1279 companies in the Chemicals industry, placing it in the top 83.3%.
Is Ecolab's Cyclically Adjusted PS Ratio too high?
Ecolab's current Cyclically Adjusted PS Ratio of 4.88 is 18% above median its 10-year median of 4.14. Over the past 10 years, this metric has ranged from a low of 2.55 to a high of 5.51. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.32. Ecolab's value of 4.88 is 269.7% above this industry median. Based on the distribution chart, Ecolab ranks #1065 out of 1279 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Ecolab has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ecolab's Cyclically Adjusted PS Ratio compare to SHW and APD?
According to the Chemicals industry distribution chart, Ecolab ranks #1065 out of 1279 companies for Cyclically Adjusted PS Ratio. This places Ecolab in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.32. Ecolab's value of 4.88 is 269.7% above this benchmark. Historically, Ecolab's own Cyclically Adjusted PS Ratio has ranged from 2.55 to 5.51 over the past decade. While the company's 10-year median is 4.14 vs. the industry median of 1.32, Ecolab 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 a Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.32, based on 1,279 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. Ecolab's current Cyclically Adjusted PS Ratio of 4.88 is 269.7% 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 Ecolab and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecolab's current Cyclically Adjusted PS Ratio is 4.88, which is 18% above median its own 10-year median of 4.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecolab stock overvalued right now?
Based on GuruFocus' analysis, Ecolab (WBO:ECL) is currently considered Fairly Valued. The stock's GF Value™ is €235.23, compared to a current price of €236.70 — trading 0.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.88, which is 18% above median its 10-year median of 4.14 and 269.7% above the Chemicals industry median of 1.32. Ecolab's overall GF Score™ is 84/100. 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 Ecolab (WBO:ECL), the current Cyclically Adjusted PS Ratio is 4.88 as of Jul. 14, 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 Ecolab (WBO:ECL) Overvalued in 2026?

Based on GuruFocus' analysis, Ecolab stock appears to be overvalued. The current stock price of €236.70 is trading 0.6% above its estimated GF Value™ of €235.23. GuruFocus considers Ecolab to be Fairly Valued.

Key valuation signals for WBO:ECL:

  • Cyclically Adjusted PS Ratio: 4.88 (18% above median its 10-year median of 4.14)
  • GF Value™: €235.23 vs. price of €236.70 (0.6% above fair value)
  • GF Score™: 84/100
  • Industry Position: 269.7% above the Chemicals median (#1065 of 1279)

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


Ecolab Business Description

Address 1 Ecolab Place, Saint Paul, MN, USA, 55102
Ecolab produces and markets cleaning and sanitation products for the industrial manufacturing, data center, hospitality, healthcare, and life sciences markets. The firm is the global market share leader in this category with a wide array of products and services, including dish and laundry washing systems, pest control, and infection control products. Additionally, Ecolab sells customized water management and cooling solutions across its end markets. The company has a strong hold on the US market and is growing its presence abroad.
84GF Score

Get the complete analysis for WBO:ECL

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

€236.70
Price
€235.23
GF Value