Air LiquideXSWX:AI1 98 Cyclically Adjusted PS Ratio is 5.19 as of Jun. 25, 2026, which is 54% above its 10-year median of 3.37. GuruFocus rates XSWX:AI1 with a GF Score™ of 98/100 and a GF Value™ of CHF140.88. The stock has 5 warning signs investors should review. Among 1,282 Chemicals companies, Air Liquide ranks worse than 79.1% on this metric.
The historical rank and industry rank for Air Liquide's Cyclically Adjusted PS Ratio or its related term are showing as below:
XSWX:AI1'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.11 Med: 3.37 Max: 4.23
Current: 4.03
During the past 13 years, Air Liquide's highest Cyclically Adjusted PS Ratio was 4.23. The lowest was 2.11. And the median was 3.37.
XSWX:AI1's Cyclically Adjusted PS Ratio is ranked worse than 79.1% of 1282
companies
in the Chemicals industry
Industry Median: 1.355
vs XSWX:AI1: 4.03
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.
Air Liquide's adjusted revenue per share data of for the fiscal year that ended in Dec25 was CHF39.498. 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 CHF30.38 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Air Liquide (XSWX:AI1) 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.
Air Liquide Cyclically Adjusted PS Ratio Related Terms
Air Liquide Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Air Liquide'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.
XSWX:AI1 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison
For the Specialty Chemicals subindustry, Air Liquide'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.
Air Liquide Cyclically Adjusted PS Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Liquide's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Air Liquide's Cyclically Adjusted PS Ratio falls into.
Air Liquide 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.
Air Liquide's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 5.19 mean?
Air Liquide (XSWX:AI1) has a Cyclically Adjusted PS Ratio of 5.19 as of Jun. 25, 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 Air Liquide and its competitors. This is 54% above median its historical median of 3.37. Over the past decade, Air Liquide's Cyclically Adjusted PS Ratio has ranged from 2.11 to 4.23. According to the industry distribution chart, Air Liquide ranks #1014 out of 1282 companies in the Chemicals industry, placing it in the top 79.1%.
Is Air Liquide's Cyclically Adjusted PS Ratio too high?
Air Liquide's current Cyclically Adjusted PS Ratio of 5.19 is 54% above median its 10-year median of 3.37. Over the past 10 years, this metric has ranged from a low of 2.11 to a high of 4.23. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.36. Air Liquide's value of 5.19 is 283% above this industry median. Based on the distribution chart, Air Liquide ranks #1014 out of 1282 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Air Liquide has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Liquide ranks #1014 out of 1282 companies for Cyclically Adjusted PS Ratio. This places Air Liquide in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.36. Air Liquide's value of 5.19 is 283% above this benchmark. Historically, Air Liquide's own Cyclically Adjusted PS Ratio has ranged from 2.11 to 4.23 over the past decade. While the company's 10-year median is 3.37 vs. the industry median of 1.36, Air Liquide 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 1.36, based on 1,282 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. Air Liquide's current Cyclically Adjusted PS Ratio of 5.19 is 283% 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 Air Liquide and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Liquide's current Cyclically Adjusted PS Ratio is 5.19, which is 54% above median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Liquide stock overvalued right now?
Air Liquide (XSWX:AI1) has a current Cyclically Adjusted PS Ratio of 5.19. The stock's GF Value™ is CHF140.88, compared to a current price of CHF157.66 — trading 11.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.19, which is 54% above median its 10-year median of 3.37 and 283% above the Chemicals industry median of 1.36. Air Liquide's overall GF Score™ is 98/100 with 5 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 Air Liquide (XSWX:AI1), the current Cyclically Adjusted PS Ratio is 5.19 as of Jun. 25, 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 Air Liquide (XSWX:AI1) Overvalued in 2026?
Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued.
The current stock price of CHF157.66 is trading 11.9% above its estimated GF Value™ of CHF140.88.
Key valuation signals for XSWX:AI1:
Cyclically Adjusted PS Ratio: 5.19 (54% above median its 10-year median of 3.37)
GF Value™: CHF140.88 vs. price of CHF157.66 (11.9% above fair value)
Industry Position: 283% above the Chemicals median (#1014 of 1282)
No single metric tells the full story. See the XSWX:AI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people.
98GF Score
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