WTW (Willis Towers Watson) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Vera Yuan
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.

WTW Willis Towers Watson PLC WTW
81 GF Score
Price $309.99
GF Value $335.07
Valuation Fairly Valued
! 3 Warning Signs
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What is Willis Towers Watson Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Willis Towers Watson  (NAS:WTW) 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.


Willis Towers Watson Cyclically Adjusted PS Ratio Related Terms


Willis Towers Watson Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Willis Towers Watson'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.

Willis Towers Watson Cyclically Adjusted PS Ratio Chart

Willis Towers Watson 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 3.58 3.33 3.08 3.76 3.72

Willis Towers Watson 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 3.50 3.91 3.65 3.20 2.83

WTW vs BRO, ERIE, NP: Cyclically Adjusted PS Ratio Comparison

For the Insurance Brokers subindustry, Willis Towers Watson'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.


Willis Towers Watson Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Willis Towers Watson's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WTW
81GF Score
Willis Towers Watson PLC WTW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Willis Towers Watson 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.

Willis Towers Watson's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Willis Towers Watson'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)
=26.234/142.3000*142.3000
=26.234

Current CPI (Jun. 2026) = 142.3000.

Willis Towers Watson Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 12.775 101.500 17.910
201612 13.862 102.200 19.301
201703 16.638 102.700 23.053
201706 14.109 103.500 19.398
201709 13.746 104.300 18.754
201712 15.624 105.000 21.174
201803 17.150 105.100 23.220
201806 14.910 105.900 20.035
201809 14.038 106.600 18.739
201812 18.076 107.100 24.017
201903 17.746 107.000 23.601
201906 15.762 107.900 20.787
201909 15.292 108.400 20.074
201912 20.700 108.500 27.148
202003 18.954 108.600 24.836
202006 16.246 108.800 21.248
202009 14.577 109.200 18.995
202012 20.531 109.400 26.705
202103 17.146 109.700 22.241
202106 16.100 111.400 20.566
202109 15.310 112.400 19.383
202112 21.656 114.700 26.867
202203 18.322 116.500 22.380
202206 18.125 120.500 21.404
202209 17.577 122.300 20.451
202212 24.945 125.300 28.329
202303 20.769 126.800 23.308
202306 20.178 129.400 22.190
202309 20.629 130.100 22.563
202312 28.019 130.500 30.553
202403 22.510 131.600 24.340
202406 22.000 133.000 23.538
202409 22.441 133.500 23.920
202412 29.755 135.100 31.341
202503 22.000 136.100 23.002
202506 22.640 138.400 23.278
202509 23.357 138.900 23.929
202512 30.268 139.900 30.787
202603 25.135 140.800 25.403
202606 26.234 142.300 26.234

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 Willis Towers Watson (WTW) Overvalued in 2026?

Based on GuruFocus' analysis, Willis Towers Watson stock appears to be undervalued. The current stock price of $309.99 is trading 7.5% below its estimated GF Value™ of $335.07. GuruFocus considers Willis Towers Watson to be Fairly Valued.

Key valuation signals for WTW:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $335.07 vs. price of $309.99 (7.5% below fair value)
  • GF Score™: 81/100 with 3 warning signs

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


Willis Towers Watson Business Description

Address c/o Willis Group Limited, 51 Lime Street, London, GBR, EC3M 7DQ
Willis Towers Watson PLC is an advisory, broking, and solutions company that provides data-driven, insight-led solutions in the areas of people, risk, and capital. The company's segments include Health, Wealth & Career (HWC) and Risk & Broking (R&B). The HWC segment provides an array of advice, broking, solutions and technology for employee benefit plans, institutional investors, compensation and career programs, and employee experience overall. It focuses on four key areas: Health, Wealth, Career and Benefits Delivery & Outsourcing. The R&B segment provides risk advice, insurance brokerage and consulting services to clients ranging from small businesses to multinational corporations. Its R&B segment includes two businesses: Corporate Risk & Broking and Insurance Consulting and Technology.
81GF Score

Get the complete analysis for WTW

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

$309.99
Price
$335.07
GF Value