PSSWF (PSI Software SE) Cyclically Adjusted PB Ratio: 6.55 (As of Jul. 19, 2026) — 65% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

PSSWF PSI Software SE PSSWF
74 GF Score
Price $23.79
GF Value $15.41
! 8 Warning Signs
View Full Analysis

What is PSI Software SE Cyclically Adjusted PB Ratio?

PSI Software SE PSSWF 74 Cyclically Adjusted PB Ratio is 6.55 as of Jul. 19, 2026, which is 65% above its 10-year median of 3.98. GuruFocus rates PSSWF with a GF Score™ of 74/100 and a GF Value™ of $15.41. The stock has 8 warning signs investors should review. Among 1,595 Software companies, PSI Software SE ranks worse than 82.32% on this metric.

As of today (2026-07-19), PSI Software SE's current share price is $23.79241. PSI Software SE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was $3.63. PSI Software SE's Cyclically Adjusted PB Ratio for today is 6.55.

The historical rank and industry rank for PSI Software SE's Cyclically Adjusted PB Ratio or its related term are showing as below:

PSSWF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.96   Med: 3.98   Max: 8.63
Current: 6.56

During the past years, PSI Software SE's highest Cyclically Adjusted PB Ratio was 8.63. The lowest was 2.96. And the median was 3.98.

PSSWF's Cyclically Adjusted PB Ratio is ranked worse than
82.32% of 1595 companies
in the Software industry
Industry Median: 2.26 vs PSSWF: 6.56

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

PSI Software SE's adjusted book value per share data for the three months ended in Dec. 2025 was $5.043. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $3.63 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PSI Software SE  (OTCPK:PSSWF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


PSI Software SE Cyclically Adjusted PB Ratio Related Terms


PSI Software SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PSI Software SE's Cyclically Adjusted PB 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.

PSI Software SE Cyclically Adjusted PB Ratio Chart

PSI Software SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.28 3.62 3.84 3.10 6.56

PSI Software SE Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Cyclically Adjusted PB 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 3.10 3.69 4.43 3.86 6.56

PSSWF vs UBER, SHOP, CRM: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, PSI Software SE's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


PSI Software SE Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, PSI Software SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where PSI Software SE's Cyclically Adjusted PB Ratio falls into.


PSSWF
74GF Score
PSI Software SE PSSWF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PSI Software SE Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

PSI Software SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.79241/3.63
=6.55

* 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.

PSI Software SE's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, PSI Software SE's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=5.043/129.3606*129.3606
=5.043

Current CPI (Dec. 2025) = 129.3606.

PSI Software SE Quarterly Data

Book Value per Share CPI Adj_Book
201603 5.371 100.017 6.947
201606 5.253 100.717 6.747
201609 5.262 101.017 6.738
201612 5.072 101.217 6.482
201703 5.239 101.417 6.683
201706 5.259 102.117 6.662
201709 5.649 102.717 7.114
201712 6.068 102.617 7.649
201803 6.471 102.917 8.134
201806 6.055 104.017 7.530
201809 6.193 104.718 7.650
201812 6.287 104.217 7.804
201903 6.455 104.217 8.012
201906 6.283 105.718 7.688
201909 6.354 106.018 7.753
201912 6.699 105.818 8.189
202003 6.735 105.718 8.241
202006 6.938 106.618 8.418
202009 7.395 105.818 9.040
202012 7.784 105.518 9.543
202103 7.880 107.518 9.481
202106 7.900 108.486 9.420
202109 8.059 109.435 9.526
202112 8.261 110.384 9.681
202203 8.225 113.968 9.336
202206 7.406 115.760 8.276
202209 7.100 118.818 7.730
202212 8.142 119.345 8.825
202303 8.430 122.402 8.909
202306 7.156 123.140 7.517
202309 7.222 124.195 7.522
202312 7.867 123.773 8.222
202403 6.664 125.038 6.894
202406 6.193 125.882 6.364
202409 6.308 126.198 6.466
202412 6.450 127.041 6.568
202503 6.706 127.779 6.789
202506 6.928 128.412 6.979
202509 5.306 129.255 5.310
202512 5.043 129.361 5.043

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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 PB Ratio of 6.55 mean?
PSI Software SE (PSSWF) has a Cyclically Adjusted PB Ratio of 6.55 as of Jul. 19, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PSI Software SE and its competitors. This is 65% above median its historical median of 3.98. Over the past decade, PSI Software SE's Cyclically Adjusted PB Ratio has ranged from 2.96 to 8.63. According to the industry distribution chart, PSI Software SE ranks #1313 out of 1595 companies in the Software industry, placing it in the top 82.3%.
Is PSI Software SE's Cyclically Adjusted PB Ratio too high?
PSI Software SE's current Cyclically Adjusted PB Ratio of 6.55 is 65% above median its 10-year median of 3.98. Over the past 10 years, this metric has ranged from a low of 2.96 to a high of 8.63. The Software industry median Cyclically Adjusted PB Ratio is 2.26. PSI Software SE's value of 6.55 is 189.8% above this industry median. Based on the distribution chart, PSI Software SE ranks #1313 out of 1595 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, PSI Software SE has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does PSI Software SE's Cyclically Adjusted PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, PSI Software SE ranks #1313 out of 1595 companies for Cyclically Adjusted PB Ratio. This places PSI Software SE in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.26. PSI Software SE's value of 6.55 is 189.8% above this benchmark. Historically, PSI Software SE's own Cyclically Adjusted PB Ratio has ranged from 2.96 to 8.63 over the past decade. While the company's 10-year median is 3.98 vs. the industry median of 2.26, PSI Software SE 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 PB Ratio for a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.26, based on 1,595 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PSI Software SE's current Cyclically Adjusted PB Ratio of 6.55 is 189.8% 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 PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on PSI Software SE and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PSI Software SE's current Cyclically Adjusted PB Ratio is 6.55, which is 65% above median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSI Software SE stock overvalued right now?
PSI Software SE (PSSWF) has a current Cyclically Adjusted PB Ratio of 6.55. The stock's GF Value™ is $15.41, compared to a current price of $23.79 — trading 54.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.55, which is 65% above median its 10-year median of 3.98 and 189.8% above the Software industry median of 2.26. PSI Software SE's overall GF Score™ is 74/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For PSI Software SE (PSSWF), the current Cyclically Adjusted PB Ratio is 6.55 as of Jul. 19, 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 PSI Software SE (PSSWF) Overvalued in 2026?

Based on GuruFocus' analysis, PSI Software SE stock appears to be overvalued. The current stock price of $23.79 is trading 54.4% above its estimated GF Value™ of $15.41.

Key valuation signals for PSSWF:

  • Cyclically Adjusted PB Ratio: 6.55 (65% above median its 10-year median of 3.98)
  • GF Value™: $15.41 vs. price of $23.79 (54.4% above fair value)
  • GF Score™: 74/100 with 8 warning signs
  • Industry Position: 189.8% above the Software median (#1313 of 1595)

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


PSI Software SE Business Description

Other Exchanges 0KUR:UKPSAN:Germany
Address Dircksenstrasse 42- 44, Berlin, BB, DEU, 10178
PSI Software SE is a software producer in process control and information systems. Its core business consists of process control and information systems for managing energy and material flows in industries tailored to the electricity, gas, oil, and district heating sectors, engineering, automobile, and automotive supply and logistics sectors. The company's segments include Energy Management, which offers intelligent solutions for utility companies in the electricity, gas, oil, and water sectors; the Production Management segment provides solutions for planning and controlling production processes in metals production, logistics, mechanical engineering, and automotive manufacturing. It generates maximum revenue from the Energy Management segment.
74GF Score

Get the complete analysis for PSSWF

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

$23.79
Price
$15.41
GF Value