LATAM Airlines Group (XSGO:LTM) Cyclically Adjusted PS Ratio: 0.05 (As of Aug. 07, 2026) — 44% Below Median

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XSGO:LTM LATAM Airlines Group SA XSGO:LTM
66 GF Score
Price CLP24.69
GF Value CLP18.21
Valuation Significantly Overvalued
! 3 Warning Signs
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What is LATAM Airlines Group Cyclically Adjusted PS Ratio?

LATAM Airlines Group XSGO:LTM 66 Cyclically Adjusted PS Ratio is 0.05 as of Aug. 07, 2026, which is 44% below its 10-year median of 0.09. GuruFocus rates XSGO:LTM with a GF Score™ of 66/100 and a GF Value™ of CLP18.21 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 763 Transportation companies, LATAM Airlines Group ranks better than 97.77% on this metric.

As of today (2026-08-07), LATAM Airlines Group's current share price is CLP24.69. LATAM Airlines Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was CLP486.19. LATAM Airlines Group's Cyclically Adjusted PS Ratio for today is 0.05.

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

XSGO:LTM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.09   Max: 0.89
Current: 0.05

During the past years, LATAM Airlines Group's highest Cyclically Adjusted PS Ratio was 0.89. The lowest was 0.01. And the median was 0.09.

XSGO:LTM's Cyclically Adjusted PS Ratio is ranked better than
97.77% of 763 companies
in the Transportation industry
Industry Median: 0.9 vs XSGO:LTM: 0.05

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.

LATAM Airlines Group's adjusted revenue per share data for the three months ended in Jun. 2026 was CLP6.502. 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 CLP486.19 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


LATAM Airlines Group  (XSGO:LTM) 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.


LATAM Airlines Group Cyclically Adjusted PS Ratio Related Terms


LATAM Airlines Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for LATAM 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.

LATAM Airlines Group Cyclically Adjusted PS Ratio Chart

LATAM 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 0.02 0.01 0.01 0.02 0.05

LATAM 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 0.03 0.04 0.05 0.05 0.06

XSGO:LTM vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, LATAM 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.


LATAM Airlines Group Cyclically Adjusted PS Ratio vs Transportation Industry

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

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


XSGO:LTM
66GF Score
LATAM Airlines Group SA XSGO:LTM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LATAM 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.

LATAM Airlines Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.69/486.19
=0.05

* 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.

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

For example, LATAM 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)
=6.502/162.5100*162.5100
=6.502

Current CPI (Jun. 2026) = 162.5100.

LATAM Airlines Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 161.576 104.521 251.220
201612 163.822 104.532 254.686
201703 143.713 105.752 220.845
201706 131.122 105.730 201.538
201709 143.836 106.035 220.444
201712 152.664 106.907 232.066
201803 145.263 107.670 219.251
201806 132.326 108.421 198.340
201809 149.302 109.369 221.846
201812 166.157 109.653 246.252
201903 155.554 110.339 229.104
201906 150.655 111.352 219.869
201909 171.386 111.821 249.077
201912 194.139 112.943 279.340
202003 175.183 114.468 248.706
202006 32.338 114.283 45.984
202009 28.810 115.275 40.615
202012 54.486 116.299 76.136
202103 56.257 117.770 77.629
202106 59.571 118.630 81.605
202109 92.198 121.431 123.388
202112 151.634 124.634 197.715
202203 140.799 128.850 177.580
202206 173.653 133.448 211.470
202209 217.576 138.101 256.033
202212 3.909 140.574 4.519
202303 3.690 143.145 4.189
202306 3.483 143.538 3.943
202309 4.436 145.172 4.966
202312 4.653 146.109 5.175
202403 5.241 148.551 5.734
202406 4.580 149.592 4.976
202409 4.971 151.212 5.342
202412 5.436 152.774 5.782
202503 5.165 155.783 5.388
202506 5.083 155.754 5.303
202509 6.276 157.870 6.460
202512 6.169 158.040 6.343
202603 6.486 160.190 6.580
202606 6.502 162.510 6.502

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 0.05 mean?
LATAM Airlines Group (XSGO:LTM) has a Cyclically Adjusted PS Ratio of 0.05 as of Aug. 07, 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 LATAM Airlines Group and its competitors. This is 44% below median its historical median of 0.09. Over the past decade, LATAM Airlines Group's Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.89. According to the industry distribution chart, LATAM Airlines Group ranks #17 out of 763 companies in the Transportation industry, placing it in the top 2.2%.
Is LATAM Airlines Group's Cyclically Adjusted PS Ratio too high?
LATAM Airlines Group's current Cyclically Adjusted PS Ratio of 0.05 is 44% below median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.89. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. LATAM Airlines Group's value of 0.05 is 94.4% below this industry median. Based on the distribution chart, LATAM Airlines Group ranks #17 out of 763 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, LATAM Airlines Group has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LATAM Airlines Group's Cyclically Adjusted PS Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, LATAM Airlines Group ranks #17 out of 763 companies for Cyclically Adjusted PS Ratio. This places LATAM Airlines Group in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.90. LATAM Airlines Group's value of 0.05 is 94.4% below this benchmark. Historically, LATAM Airlines Group's own Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.89 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 0.90, LATAM Airlines Group has consistently been below 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 763 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. LATAM Airlines Group's current Cyclically Adjusted PS Ratio of 0.05 is 94.4% below 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 LATAM Airlines Group and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LATAM Airlines Group's current Cyclically Adjusted PS Ratio is 0.05, which is 44% below median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LATAM Airlines Group stock overvalued right now?
Based on GuruFocus' analysis, LATAM Airlines Group (XSGO:LTM) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP18.21, compared to a current price of CLP24.69 — trading 35.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.05, which is 44% below median its 10-year median of 0.09 and 94.4% below the Transportation industry median of 0.90. LATAM Airlines Group's overall GF Score™ is 66/100 with 3 warning signs to review. 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 LATAM Airlines Group (XSGO:LTM), the current Cyclically Adjusted PS Ratio is 0.05 as of Aug. 07, 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 LATAM Airlines Group (XSGO:LTM) Overvalued in 2026?

Based on GuruFocus' analysis, LATAM Airlines Group stock appears to be overvalued. The current stock price of CLP24.69 is trading 35.6% above its estimated GF Value™ of CLP18.21. GuruFocus considers LATAM Airlines Group to be Significantly Overvalued.

Key valuation signals for XSGO:LTM:

  • Cyclically Adjusted PS Ratio: 0.05 (44% below median its 10-year median of 0.09)
  • GF Value™: CLP18.21 vs. price of CLP24.69 (35.6% above fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 94.4% below the Transportation median (#17 of 763)

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


LATAM Airlines Group Business Description

Other Exchanges LTM:USALFL0:Germany
Address Presidente Riesco 5711, 20th Floor, Las Condes, Santiago, CHL
LATAM Airlines Group SA is a Chilean-based airline company involved in the transportation of passengers and cargo. The company provides domestic services in Brazil, Chile, Peru, Colombia and Ecuador, as well as regional flights and long-haul operations. It carries out cargo operations using both belly space on passenger flights and dedicated freighter aircraft. The group also offers complementary services, such as ground handling, courier, logistics, and maintenance.
66GF Score

Get the complete analysis for XSGO:LTM

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

CLP24.69
Price
CLP18.21
GF Value