Koninklijke Philips NV (WBO:PHIA) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:PHIA Koninklijke Philips NV WBO:PHIA
69 GF Score
Price €21.47
GF Value €22.92
Valuation Fairly Valued
! 2 Warning Signs
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What is Koninklijke Philips NV Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Koninklijke Philips NV  (WBO:PHIA) 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.


Koninklijke Philips NV Cyclically Adjusted PS Ratio Related Terms


Koninklijke Philips NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Koninklijke Philips NV'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.

Koninklijke Philips NV Cyclically Adjusted PS Ratio Chart

Koninklijke Philips NV 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 1.40 0.58 0.92 1.10 1.08

Koninklijke Philips NV Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 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 0.91 1.00 1.08 1.07 1.09

WBO:PHIA vs ABT, SYK, MDT: Cyclically Adjusted PS Ratio Comparison

For the Medical Devices subindustry, Koninklijke Philips NV'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.


Koninklijke Philips NV Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Koninklijke Philips NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WBO:PHIA
69GF Score
Koninklijke Philips NV WBO:PHIA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Koninklijke Philips NV 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.

Koninklijke Philips NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Koninklijke Philips NV'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)
=4.501/137.7000*137.7000
=4.501

Current CPI (Jun. 2026) = 137.7000.

Koninklijke Philips NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200909 5.480 90.620 8.327
200912 7.350 90.080 11.236
201003 5.279 91.770 7.921
201006 5.588 91.600 8.400
201009 5.674 92.050 8.488
201012 6.109 91.820 9.162
201103 5.447 93.460 8.025
201106 4.874 93.570 7.173
201109 5.089 94.530 7.413
201112 6.369 94.040 9.326
201203 5.489 95.780 7.891
201206 5.768 95.570 8.311
201209 5.939 96.720 8.455
201212 7.009 96.760 9.975
201303 5.183 98.580 7.240
201306 5.598 98.320 7.840
201309 5.527 99.080 7.681
201312 6.636 98.360 9.290
201403 4.920 99.390 6.816
201406 5.239 99.240 7.269
201409 5.421 99.960 7.468
201412 6.429 99.050 8.938
201503 5.275 99.750 7.282
201506 5.925 100.230 8.140
201509 5.705 100.500 7.817
201512 6.949 99.730 9.595
201603 5.413 100.310 7.431
201606 5.794 100.260 7.958
201609 4.052 100.570 5.548
201612 5.156 100.710 7.050
201703 4.306 101.440 5.845
201706 4.146 101.370 5.632
201709 3.956 102.030 5.339
201712 5.076 101.970 6.855
202503 4.367 133.330 4.510
202506 4.534 133.960 4.661
202509 4.463 135.920 4.521
202512 5.277 135.470 5.364
202603 4.032 136.840 4.057
202606 4.501 137.700 4.501

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 Koninklijke Philips NV (WBO:PHIA) Overvalued in 2026?

Based on GuruFocus' analysis, Koninklijke Philips NV stock appears to be undervalued. The current stock price of €21.47 is trading 6.3% below its estimated GF Value™ of €22.92. GuruFocus considers Koninklijke Philips NV to be Fairly Valued.

Key valuation signals for WBO:PHIA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €22.92 vs. price of €21.47 (6.3% below fair value)
  • GF Score™: 69/100 with 2 warning signs

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


Koninklijke Philips NV Business Description

Address Prinses Irenestraat 59, Amsterdam, NLD, 1077 WV
Koninklijke Philips is a diversified global healthcare company operating in three segments: diagnosis and treatment, connected care, and personal health. Nearly 50% of the company's revenue comes from the diagnosis and treatment segment, which features imaging systems, ultrasound and X-ray equipment, and image-guided therapy solutions. The connected care segment (under 30% of revenue) encompasses monitoring and analytics systems for hospitals, informatics business, and also houses the sleep and respiratory care segment. Personal health business (remainder of revenue) is mainly oral health and personal care product lines, which include electric toothbrushes and men's grooming and personal-care products.
69GF Score

Get the complete analysis for WBO:PHIA

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

€21.47
Price
€22.92
GF Value