EQT (XTER:EQ6) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTER:EQ6 EQT Corp XTER:EQ6
68 GF Score
Price €43.85
GF Value €50.99
Valuation Modestly Undervalued
! 3 Warning Signs
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What is EQT Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


EQT  (XTER:EQ6) 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.


EQT Cyclically Adjusted PS Ratio Related Terms


EQT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for EQT'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.

EQT Cyclically Adjusted PS Ratio Chart

EQT 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 1.53 2.63 2.55 2.58 2.86

EQT 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 2.56 2.55 2.86 3.37 2.78

XTER:EQ6 vs TPL, EXE, PR: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, EQT'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.


EQT Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, EQT's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XTER:EQ6
68GF Score
EQT Corp XTER:EQ6
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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EQT 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.

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

For example, EQT'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)
=2.414/333.9520*333.9520
=2.414

Current CPI (Jun. 2026) = 333.9520.

EQT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.325 241.428 3.216
201612 3.130 241.432 4.329
201703 4.069 243.801 5.574
201706 3.354 244.955 4.573
201709 3.060 246.819 4.140
201712 3.719 246.524 5.038
201803 4.211 249.554 5.635
201806 3.178 251.989 4.212
201809 3.487 252.439 4.613
201812 4.907 251.233 6.523
201903 4.397 254.202 5.776
201906 3.147 256.143 4.103
201909 2.718 256.759 3.535
201912 3.009 256.974 3.910
202003 2.550 258.115 3.299
202006 1.779 257.797 2.305
202009 -0.854 260.280 -1.096
202012 2.576 260.474 3.303
202103 3.390 264.877 4.274
202106 3.228 271.696 3.968
202109 4.262 274.310 5.189
202112 5.921 278.802 7.092
202203 5.953 287.504 6.915
202206 7.770 296.311 8.757
202209 9.087 296.808 10.224
202212 6.307 296.797 7.097
202303 4.345 301.836 4.807
202306 2.169 305.109 2.374
202309 2.227 307.789 2.416
202312 2.863 306.746 3.117
202403 2.704 312.332 2.891
202406 1.861 314.175 1.978
202409 1.980 315.301 2.097
202412 2.814 315.605 2.978
202503 3.812 319.799 3.981
202506 2.689 322.561 2.784
202509 2.482 324.800 2.552
202512 3.107 324.054 3.202
202603 4.914 330.213 4.970
202606 2.414 333.952 2.414

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.

Is EQT (XTER:EQ6) Overvalued in 2026?

Based on GuruFocus' analysis, EQT stock appears to be undervalued. The current stock price of €43.85 is trading 14% below its estimated GF Value™ of €50.99. GuruFocus considers EQT to be Modestly Undervalued.

Key valuation signals for XTER:EQ6:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €50.99 vs. price of €43.85 (14% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the XTER:EQ6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


EQT Business Description

Industry EnergyOil & Gas
Address 625 Liberty Avenue, Suite 1700, Pittsburgh, PA, USA, 15222
EQT is an independent natural gas production company. It focuses its operations in the cores of the Marcellus and Utica shales, located in the Appalachian Basin in the Eastern United States. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has three reportable segments in production, gathering, and its transmission segment, which is now an operated joint venture with Blackstone. All the firm's operating revenue is generated in the US, with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
68GF Score

Get the complete analysis for XTER:EQ6

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

€43.85
Price
€50.99
GF Value