DexCom (XSWX:DXCM) Cyclically Adjusted PS Ratio: 10.32 (As of Jun. 26, 2026) — 66% Below Median


XSWX:DXCM DexCom Inc XSWX:DXCM
90 GF Score
Price CHF56.54
GF Value CHF85.31
! 3 Warning Signs
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What is DexCom Cyclically Adjusted PS Ratio?

DexCom XSWX:DXCM 90 Cyclically Adjusted PS Ratio is 10.32 as of Jun. 26, 2026, which is 66% below its 10-year median of 29.96. GuruFocus rates XSWX:DXCM with a GF Score™ of 90/100 and a GF Value™ of CHF85.31. The stock has 3 warning signs investors should review. Among 526 Medical Devices & Instruments companies, DexCom ranks worse than 88.02% on this metric.

As of today (2026-06-26), DexCom's current share price is CHF56.54. DexCom's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was CHF5.48. DexCom's Cyclically Adjusted PS Ratio for today is 10.32.

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

XSWX:DXCM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.79   Med: 29.96   Max: 65.27
Current: 9.98

During the past years, DexCom's highest Cyclically Adjusted PS Ratio was 65.27. The lowest was 8.79. And the median was 29.96.

XSWX:DXCM's Cyclically Adjusted PS Ratio is ranked worse than
88.02% of 526 companies
in the Medical Devices & Instruments industry
Industry Median: 2.22 vs XSWX:DXCM: 9.98

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.

DexCom's adjusted revenue per share data for the three months ended in Mar. 2026 was CHF2.384. 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 CHF5.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


DexCom  (XSWX:DXCM) 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.


DexCom Cyclically Adjusted PS Ratio Related Terms


DexCom Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for DexCom'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.

DexCom Cyclically Adjusted PS Ratio Chart

DexCom 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 50.32 32.52 28.31 14.46 10.20

DexCom 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 12.04 14.63 10.75 10.20 9.13

XSWX:DXCM vs GEHC, STE, ZBH: Cyclically Adjusted PS Ratio Comparison

For the Medical Devices subindustry, DexCom'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.


DexCom Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

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

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


XSWX:DXCM
90GF Score
DexCom Inc XSWX:DXCM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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DexCom 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=56.54/5.48
=10.32

* 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.

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

For example, DexCom'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)
=2.384/330.2130*330.2130
=2.384

Current CPI (Mar. 2026) = 330.2130.

DexCom Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.398 241.018 0.545
201609 0.430 241.428 0.588
201612 0.516 241.432 0.706
201703 0.418 243.801 0.566
201706 0.472 244.955 0.636
201709 0.512 246.819 0.685
201712 0.628 246.524 0.841
201803 0.501 249.554 0.663
201806 0.671 251.989 0.879
201809 0.715 252.439 0.935
201812 0.944 251.233 1.241
201903 0.777 254.202 1.009
201906 0.912 256.143 1.176
201909 1.061 256.759 1.365
201912 1.228 256.974 1.578
202003 1.032 258.115 1.320
202006 1.108 257.797 1.419
202009 1.151 260.280 1.460
202012 1.272 260.474 1.613
202103 1.122 264.877 1.399
202106 1.265 271.696 1.537
202109 1.394 274.310 1.678
202112 1.490 278.802 1.765
202203 1.363 287.504 1.565
202206 1.603 296.311 1.786
202209 1.759 296.808 1.957
202212 1.783 296.797 1.984
202303 1.640 301.836 1.794
202306 1.818 305.109 1.968
202309 2.055 307.789 2.205
202312 2.145 306.746 2.309
202403 1.964 312.332 2.076
202406 2.154 314.175 2.264
202409 2.053 315.301 2.150
202412 2.441 315.605 2.554
202503 2.246 319.799 2.319
202506 2.305 322.561 2.360
202509 2.363 324.800 2.402
202512 2.516 324.054 2.564
202603 2.384 330.213 2.384

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 10.32 mean?
DexCom (XSWX:DXCM) has a Cyclically Adjusted PS Ratio of 10.32 as of Jun. 26, 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 DexCom and its competitors. This is 66% below median its historical median of 29.96. Over the past decade, DexCom's Cyclically Adjusted PS Ratio has ranged from 8.79 to 65.27. According to the industry distribution chart, DexCom ranks #463 out of 526 companies in the Medical Devices & Instruments industry, placing it in the top 88%.
Is DexCom's Cyclically Adjusted PS Ratio too high?
DexCom's current Cyclically Adjusted PS Ratio of 10.32 is 66% below median its 10-year median of 29.96. Over the past 10 years, this metric has ranged from a low of 8.79 to a high of 65.27. The Medical Devices & Instruments industry median Cyclically Adjusted PS Ratio is 2.22. DexCom's value of 10.32 is 364.9% above this industry median. Based on the distribution chart, DexCom ranks #463 out of 526 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, DexCom has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does DexCom's Cyclically Adjusted PS Ratio compare to GEHC and STE?
According to the Medical Devices & Instruments industry distribution chart, DexCom ranks #463 out of 526 companies for Cyclically Adjusted PS Ratio. This places DexCom in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.22. DexCom's value of 10.32 is 364.9% above this benchmark. Historically, DexCom's own Cyclically Adjusted PS Ratio has ranged from 8.79 to 65.27 over the past decade. While the company's 10-year median is 29.96 vs. the industry median of 2.22, DexCom 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PS Ratio among Medical Devices & Instruments companies is 2.22, based on 526 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. DexCom's current Cyclically Adjusted PS Ratio of 10.32 is 364.9% 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 DexCom and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PS Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DexCom's current Cyclically Adjusted PS Ratio is 10.32, which is 66% below median its own 10-year median of 29.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DexCom stock overvalued right now?
DexCom (XSWX:DXCM) has a current Cyclically Adjusted PS Ratio of 10.32. The stock's GF Value™ is CHF85.31, compared to a current price of CHF56.54 — trading 33.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.32, which is 66% below median its 10-year median of 29.96 and 364.9% above the Medical Devices & Instruments industry median of 2.22. DexCom's overall GF Score™ is 90/100 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 DexCom (XSWX:DXCM), the current Cyclically Adjusted PS Ratio is 10.32 as of Jun. 26, 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 DexCom (XSWX:DXCM) Overvalued in 2026?

Based on GuruFocus' analysis, DexCom stock appears to be undervalued. The current stock price of CHF56.54 is trading 33.7% below its estimated GF Value™ of CHF85.31.

Key valuation signals for XSWX:DXCM:

  • Cyclically Adjusted PS Ratio: 10.32 (66% below median its 10-year median of 29.96)
  • GF Value™: CHF85.31 vs. price of CHF56.54 (33.7% below fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 364.9% above the Medical Devices & Instruments median (#463 of 526)

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


DexCom Business Description

Address 6340 Sequence Drive, San Diego, CA, USA, 92121
DexCom designs and commercializes continuous glucose monitoring systems for diabetic patients. CGM systems serve as an alternative to the traditional blood glucose meter process, and the company is evolving its CGM systems to provide integration with insulin pumps from Insulet and Tandem for automatic insulin delivery. DexCom's CGMs are available through medical equipment distributors as well as retail pharmacies.
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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF56.54
Price
CHF85.31
GF Value