Orsted AS (XTER:D2G) Cyclically Adjusted PS Ratio: 1.65 (As of Jul. 25, 2026) — Near Median

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XTER:D2G Orsted AS XTER:D2G
77 GF Score
Price €19.99
GF Value €19.45
Valuation Fairly Valued
! 6 Warning Signs
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What is Orsted AS Cyclically Adjusted PS Ratio?

Orsted AS XTER:D2G -0.37% 77 Cyclically Adjusted PS Ratio is 1.65 as of Jul. 25, 2026, which is 4% below its 10-year median of 1.72. GuruFocus rates XTER:D2G with a GF Score™ of 77/100 and a GF Value™ of €19.45 (Fairly Valued). The stock has 6 warning signs investors should review. Among 270 Utilities - Independent Power Producers companies, Orsted AS ranks better than 51.11% on this metric.

As of today (2026-07-25), Orsted AS's current share price is €19.985. Orsted AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €12.12. Orsted AS's Cyclically Adjusted PS Ratio for today is 1.65.

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

XTER:D2G' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.14   Med: 1.72   Max: 2.7
Current: 1.66

During the past years, Orsted AS's highest Cyclically Adjusted PS Ratio was 2.70. The lowest was 1.14. And the median was 1.72.

XTER:D2G's Cyclically Adjusted PS Ratio is ranked better than
51.11% of 270 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.715 vs XTER:D2G: 1.66

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.

Orsted AS's adjusted revenue per share data for the three months ended in Mar. 2026 was €2.426. 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 €12.12 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orsted AS  (XTER:D2G) 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.


Orsted AS Cyclically Adjusted PS Ratio Related Terms


Orsted AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Orsted AS'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.

Orsted AS Cyclically Adjusted PS Ratio Chart

Orsted AS 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 0.00 0.00 0.00 1.95 1.35

Orsted AS 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 1.80 1.63 1.24 1.35 1.73

Orsted AS Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Orsted AS'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.


Orsted AS Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Orsted AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XTER:D2G
77GF Score
Orsted AS XTER:D2G
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orsted AS 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.

Orsted AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=19.985/12.12
=1.65

* 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.

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

For example, Orsted AS'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)
=2.426/121.6800*121.6800
=2.426

Current CPI (Mar. 2026) = 121.6800.

Orsted AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.319 100.600 2.805
201609 2.342 100.200 2.844
201612 2.321 100.300 2.816
201703 3.099 101.200 3.726
201706 2.832 101.200 3.405
201709 2.077 101.800 2.483
201712 2.614 101.300 3.140
201803 3.150 101.700 3.769
201806 2.658 102.300 3.162
201809 2.198 102.400 2.612
201812 3.421 102.100 4.077
201903 2.896 102.900 3.425
201906 2.611 102.900 3.088
201909 2.204 102.900 2.606
201912 2.780 102.900 3.287
202003 2.033 103.300 2.395
202006 1.424 103.200 1.679
202009 1.177 103.500 1.384
202012 1.936 103.400 2.278
202103 2.801 104.300 3.268
202106 2.089 105.000 2.421
202109 2.435 105.800 2.800
202112 3.937 106.600 4.494
202203 5.696 109.900 6.307
202206 4.212 113.600 4.512
202209 6.509 116.400 6.804
202212 2.061 115.900 2.164
202303 4.143 117.300 4.298
202306 -0.023 116.400 -0.024
202309 2.715 117.400 2.814
202312 3.181 116.700 3.317
202403 2.764 118.400 2.841
202406 2.212 118.500 2.271
202409 2.334 118.900 2.389
202412 3.136 118.900 3.209
202503 3.276 120.200 3.316
202506 2.643 120.700 2.664
202509 1.803 121.600 1.804
202512 2.025 121.200 2.033
202603 2.426 121.680 2.426

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 1.65 mean?
Orsted AS (XTER:D2G) has a Cyclically Adjusted PS Ratio of 1.65 as of Jul. 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 Orsted AS and its competitors. This is near median its historical median of 1.72. Over the past decade, Orsted AS's Cyclically Adjusted PS Ratio has ranged from 1.14 to 2.70. According to the industry distribution chart, Orsted AS ranks #132 out of 270 companies in the Utilities - Independent Power Producers industry, placing it in the top 48.9%.
Is Orsted AS's Cyclically Adjusted PS Ratio too high?
Orsted AS's current Cyclically Adjusted PS Ratio of 1.65 is near median its 10-year median of 1.72. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 2.70. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.72. Orsted AS's value of 1.65 is 3.8% below this industry median. Based on the distribution chart, Orsted AS ranks #132 out of 270 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Orsted AS has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Orsted AS's Cyclically Adjusted PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Orsted AS ranks #132 out of 270 companies for Cyclically Adjusted PS Ratio. This puts Orsted AS in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.72. Orsted AS's value of 1.65 is 3.8% below this benchmark. Historically, Orsted AS's own Cyclically Adjusted PS Ratio has ranged from 1.14 to 2.70 over the past decade. While the company's 10-year median is 1.72 vs. the industry median of 1.72, Orsted AS 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.72, based on 270 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. Orsted AS's current Cyclically Adjusted PS Ratio of 1.65 is 3.8% 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 Orsted AS and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orsted AS's current Cyclically Adjusted PS Ratio is 1.65, which is near median its own 10-year median of 1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orsted AS stock overvalued right now?
Based on GuruFocus' analysis, Orsted AS (XTER:D2G) is currently considered Fairly Valued. The stock's GF Value™ is €19.45, compared to a current price of €19.99 — trading 2.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.65, which is near median its 10-year median of 1.72 and 3.8% below the Utilities - Independent Power Producers industry median of 1.72. Orsted AS's overall GF Score™ is 77/100 with 6 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 Orsted AS (XTER:D2G), the current Cyclically Adjusted PS Ratio is 1.65 as of Jul. 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 Orsted AS (XTER:D2G) Overvalued in 2026?

Based on GuruFocus' analysis, Orsted AS stock appears to be overvalued. The current stock price of €19.99 is trading 2.8% above its estimated GF Value™ of €19.45. GuruFocus considers Orsted AS to be Fairly Valued.

Key valuation signals for XTER:D2G:

  • Cyclically Adjusted PS Ratio: 1.65 (near median its 10-year median of 1.72)
  • GF Value™: €19.45 vs. price of €19.99 (2.8% above fair value)
  • GF Score™: 77/100 with 6 warning signs
  • Industry Position: 3.8% below the Utilities - Independent Power Producers median (#132 of 270)

No single metric tells the full story. See the XTER:D2G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Orsted AS Business Description

Address Kraftvaerksvej 53, Skaerbaek, Fredericia, DNK, DK-7000
Danish company Orsted was named Dong Energy until the sale of all its oil and gas fields to Ineos in 2017, soon after the May 2016 initial public offering. Orsted is now focused on renewable assets, especially offshore wind farms. It operated 9.9 gigawatts of offshore wind farms at the end of 2024. The United Kingdom is the biggest country of operation, ahead of Germany and Denmark. The group intends to develop its footprint outside Europe with projects in Taiwan and in the US. Orsted also operates 4.8 GW of onshore wind and solar assets concentrated in the United States. The company is involved in more traditional utilities business like conventional power plants and gas supply, but these activities are noncore.
77GF Score

Get the complete analysis for XTER:D2G

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

€19.99
Price
€19.45
GF Value