Roche Holding AGXSWX:RO -1.45%77 Cyclically Adjusted PS Ratio is 4.49 as of Jun. 30, 2026, which is 1% below its 10-year median of 4.54. GuruFocus rates XSWX:RO with a GF Score™ of 77/100 and a GF Value™ of CHF269.42 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 747 Drug Manufacturers companies, Roche Holding AG ranks worse than 76.97% on this metric.
The historical rank and industry rank for Roche Holding AG's Cyclically Adjusted PS Ratio or its related term are showing as below:
XSWX:RO'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.12 Med: 4.54 Max: 6.4
Current: 4.54
During the past 13 years, Roche Holding AG's highest Cyclically Adjusted PS Ratio was 6.40. The lowest was 3.12. And the median was 4.54.
XSWX:RO's Cyclically Adjusted PS Ratio is ranked worse than 76.97% of 747
companies
in the Drug Manufacturers industry
Industry Median: 2
vs XSWX:RO: 4.54
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.
Roche Holding AG's adjusted revenue per share data of for the fiscal year that ended in Dec25 was CHF78.899. 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 CHF75.61 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Roche Holding AG (XSWX:RO) 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.
Roche Holding AG Cyclically Adjusted PS Ratio Related Terms
Roche Holding AG Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Roche Holding AG'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.
Roche Holding AG Cyclically Adjusted PS Ratio Chart
XSWX:RO vs LLY, JNJ, ABBV: Cyclically Adjusted PS Ratio Comparison
For the Drug Manufacturers - General subindustry, Roche Holding AG'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.
Roche Holding AG Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Roche Holding AG's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Roche Holding AG's Cyclically Adjusted PS Ratio falls into.
Roche Holding AG 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.
Roche Holding AG'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 4.49 mean?
Roche Holding AG (XSWX:RO) has a Cyclically Adjusted PS Ratio of 4.49 as of Jun. 30, 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 Roche Holding AG and its competitors. This is near median its historical median of 4.54. Over the past decade, Roche Holding AG's Cyclically Adjusted PS Ratio has ranged from 3.12 to 6.40. According to the industry distribution chart, Roche Holding AG ranks #575 out of 747 companies in the Drug Manufacturers industry, placing it in the top 77%.
Is Roche Holding AG's Cyclically Adjusted PS Ratio too high?
Roche Holding AG's current Cyclically Adjusted PS Ratio of 4.49 is near median its 10-year median of 4.54. Over the past 10 years, this metric has ranged from a low of 3.12 to a high of 6.40. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.00. Roche Holding AG's value of 4.49 is 124.5% above this industry median. Based on the distribution chart, Roche Holding AG ranks #575 out of 747 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Roche Holding AG has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Roche Holding AG's Cyclically Adjusted PS Ratio compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Roche Holding AG ranks #575 out of 747 companies for Cyclically Adjusted PS Ratio. This places Roche Holding AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.00. Roche Holding AG's value of 4.49 is 124.5% above this benchmark. Historically, Roche Holding AG's own Cyclically Adjusted PS Ratio has ranged from 3.12 to 6.40 over the past decade. While the company's 10-year median is 4.54 vs. the industry median of 2.00, Roche Holding AG 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 2.00, based on 747 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. Roche Holding AG's current Cyclically Adjusted PS Ratio of 4.49 is 124.5% 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 Roche Holding AG and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Roche Holding AG's current Cyclically Adjusted PS Ratio is 4.49, which is near median its own 10-year median of 4.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roche Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Roche Holding AG (XSWX:RO) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF269.42, compared to a current price of CHF339.20 — trading 25.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.49, which is near median its 10-year median of 4.54 and 124.5% above the Drug Manufacturers industry median of 2.00. Roche Holding AG's overall GF Score™ is 77/100 with 7 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 Roche Holding AG (XSWX:RO), the current Cyclically Adjusted PS Ratio is 4.49 as of Jun. 30, 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 Roche Holding AG (XSWX:RO) Overvalued in 2026?
Based on GuruFocus' analysis, Roche Holding AG stock appears to be overvalued.
The current stock price of CHF339.20 is trading 25.9% above its estimated GF Value™ of CHF269.42.
GuruFocus considers Roche Holding AG to be Modestly Overvalued.
Key valuation signals for XSWX:RO:
Cyclically Adjusted PS Ratio: 4.49 (near median its 10-year median of 4.54)
GF Value™: CHF269.42 vs. price of CHF339.20 (25.9% above fair value)
Industry Position: 124.5% above the Drug Manufacturers median (#575 of 747)
No single metric tells the full story. See the XSWX:RO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Roche is a Swiss biopharmaceutical and diagnostic company. The firm's bestselling pharmaceutical products include a variety of oncology therapies from acquired partner Genentech, and its diagnostics group was bolstered by the acquisition of Ventana in 2008. Oncology products account for 40% of pharmaceutical sales, and centralized and point-of-care diagnostics for two-thirds of diagnostic-related sales.
77GF Score
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