Clearwater Analytics HoldingsCWAN 60 PS Ratio is 8.51 as of Jul. 07, 2026, which is 22% below its 10-year median of 10.89. GuruFocus rates CWAN with a GF Score™ of 60/100 and a GF Value™ of $32.02 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,773 Software companies, Clearwater Analytics Holdings ranks worse than 84.67% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Clearwater Analytics Holdings's share price is $24.56.
Clearwater Analytics Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $2.89. Hence, Clearwater Analytics Holdings's PS Ratio for today is 8.51.
The historical rank and industry rank for Clearwater Analytics Holdings's PS Ratio or its related term are showing as below:
CWAN'
s PS Ratio Range Over the Past 10 Years
Min: 7.11 Med: 10.89 Max: 20.66
Current: 8.51
During the past 7 years, Clearwater Analytics Holdings's highest PS Ratio was 20.66. The lowest was 7.11. And the median was 10.89.
CWAN's PS Ratio is ranked worse than 84.67% of 2773
companies
in the Software industry
Industry Median: 2.03
vs CWAN: 8.51
During the past 7 years, Clearwater Analytics Holdings's highest 3-Year average Revenue per Share Growth Rate was 19.00% per year. The lowest was 7.80% per year. And the median was 17.15% per year.
Back to Basics: PS Ratio
Clearwater Analytics Holdings (NYSE:CWAN) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Clearwater Analytics Holdings PS Ratio Related Terms
Clearwater Analytics Holdings PS Ratio Historical Data
* 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.
For the Software - Application subindustry, Clearwater Analytics Holdings's PS Ratio, along with its competitors' market caps and 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.
Clearwater Analytics Holdings PS Ratio vs Software Industry
For the Software industry and Technology sector, Clearwater Analytics Holdings's PS Ratio distribution charts can be found below:
* The bar in red indicates where Clearwater Analytics Holdings's PS Ratio falls into.
Clearwater Analytics Holdings PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Clearwater Analytics Holdings's Share Price of today is $24.56. Clearwater Analytics Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.89.
* 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.
It can also be calculated from the numbers for the whole company:
Clearwater Analytics Holdings (CWAN) has a PS Ratio of 8.51 as of Jul. 07, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Clearwater Analytics Holdings and its competitors. This is 22% below median its historical median of 10.89. Over the past decade, Clearwater Analytics Holdings' PS Ratio has ranged from 7.11 to 20.66. According to the industry distribution chart, Clearwater Analytics Holdings ranks #2348 out of 2773 companies in the Software industry, placing it in the top 84.7%.
Is Clearwater Analytics Holdings' PS Ratio too high?
Clearwater Analytics Holdings' current PS Ratio of 8.51 is 22% below median its 10-year median of 10.89. Over the past 10 years, this metric has ranged from a low of 7.11 to a high of 20.66. The Software industry median PS Ratio is 2.03. Clearwater Analytics Holdings' value of 8.51 is 319.2% above this industry median. Based on the distribution chart, Clearwater Analytics Holdings ranks #2348 out of 2773 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Clearwater Analytics Holdings has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Clearwater Analytics Holdings' PS Ratio compare to IDCC and CHYM?
According to the Software industry distribution chart, Clearwater Analytics Holdings ranks #2348 out of 2773 companies for PS Ratio. This places Clearwater Analytics Holdings in the lower half of its industry. The industry median PS Ratio is 2.03. Clearwater Analytics Holdings' value of 8.51 is 319.2% above this benchmark. Historically, Clearwater Analytics Holdings' own PS Ratio has ranged from 7.11 to 20.66 over the past decade. While the company's 10-year median is 10.89 vs. the industry median of 2.03, Clearwater Analytics Holdings 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 PS Ratio for a Software company?
The median PS Ratio among Software companies is 2.03, based on 2,773 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clearwater Analytics Holdings's current PS Ratio of 8.51 is 319.2% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Clearwater Analytics Holdings and its competitors. For the Software industry, the median PS Ratio is 2.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearwater Analytics Holdings's current PS Ratio is 8.51, which is 22% below median its own 10-year median of 10.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearwater Analytics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Clearwater Analytics Holdings (CWAN) is currently considered Modestly Undervalued. The stock's GF Value™ is $32.02, compared to a current price of $24.56 — trading 23.3% below its estimated fair value. The current PS Ratio is 8.51, which is 22% below median its 10-year median of 10.89 and 319.2% above the Software industry median of 2.03. Clearwater Analytics Holdings' overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Clearwater Analytics Holdings (CWAN), the current PS Ratio is 8.51 as of Jul. 07, 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 Clearwater Analytics Holdings (CWAN) Overvalued in 2026?
Based on GuruFocus' analysis, Clearwater Analytics Holdings stock appears to be undervalued.
The current stock price of $24.56 is trading 23.3% below its estimated GF Value™ of $32.02.
GuruFocus considers Clearwater Analytics Holdings to be Modestly Undervalued.
Key valuation signals for CWAN:
PS Ratio: 8.51 (22% below median its 10-year median of 10.89)
GF Value™: $32.02 vs. price of $24.56 (23.3% below fair value)
Industry Position: 319.2% above the Software median (#2348 of 2773)
No single metric tells the full story. See the CWAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clearwater Analytics Holdings Business Description
Clearwater Analytics describes its mission as aiming to be the world's most trusted and comprehensive technology platform for the entire investment cycle. Clearwater has historically focused on back-office functions such as investment accounting, but with acquisitions such Enfusion, Beacon, and Bistro, the firm has broadened its focus with front-office and middle-office capabilities. Clearwater primarily serves insurance companies, asset managers, hedge funds, and corporate treasuries. Pro forma for Enfusion, about 76% of Clearwater's revenue is generated in the US.
60GF Score
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