AFXXF (Afry AB) Cyclically Adjusted PS Ratio: 0.48 (As of Jul. 18, 2026) — 68% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

AFXXF Afry AB AFXXF
80 GF Score
Price $12.90
GF Value $18.38
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Afry AB Cyclically Adjusted PS Ratio?

Afry AB AFXXF 80 Cyclically Adjusted PS Ratio is 0.48 as of Jul. 18, 2026, which is 68% below its 10-year median of 1.52. GuruFocus rates AFXXF with a GF Score™ of 80/100 and a GF Value™ of $18.38 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,356 Construction companies, Afry AB ranks better than 62.91% on this metric.

As of today (2026-07-18), Afry AB's current share price is $12.90. Afry AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $26.87. Afry AB's Cyclically Adjusted PS Ratio for today is 0.48.

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

AFXXF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.48   Med: 1.52   Max: 2.25
Current: 0.48

During the past years, Afry AB's highest Cyclically Adjusted PS Ratio was 2.25. The lowest was 0.48. And the median was 1.52.

AFXXF's Cyclically Adjusted PS Ratio is ranked better than
62.91% of 1356 companies
in the Construction industry
Industry Median: 0.71 vs AFXXF: 0.48

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.

Afry AB's adjusted revenue per share data for the three months ended in Jun. 2026 was $6.042. 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 $26.87 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Afry AB  (OTCPK:AFXXF) 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.


Afry AB Cyclically Adjusted PS Ratio Related Terms


Afry AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Afry AB'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.

Afry AB Cyclically Adjusted PS Ratio Chart

Afry AB 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 1.79 0.99 0.73 0.75 0.70

Afry AB 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 0.75 0.77 0.70 0.59 0.48

AFXXF vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Afry AB'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.


Afry AB Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Afry AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


AFXXF
80GF Score
Afry AB AFXXF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Afry AB 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.

Afry AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.90/26.87
=0.48

* 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.

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

For example, Afry AB'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)
=6.042/134.1100*134.1100
=6.042

Current CPI (Jun. 2026) = 134.1100.

Afry AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.039 101.138 4.030
201612 3.774 102.022 4.961
201703 4.077 102.022 5.359
201706 4.145 102.752 5.410
201709 3.672 103.279 4.768
201712 4.630 103.793 5.982
201803 5.176 103.962 6.677
201806 5.121 104.875 6.549
201809 4.193 105.679 5.321
201812 5.473 105.912 6.930
201903 5.742 105.886 7.273
201906 5.425 106.742 6.816
201909 4.110 107.214 5.141
201912 5.069 107.766 6.308
202003 4.683 106.563 5.894
202006 4.530 107.498 5.651
202009 0.403 107.635 0.502
202012 5.191 108.296 6.428
202103 5.104 108.360 6.317
202106 5.442 108.928 6.700
202109 4.513 110.338 5.485
202112 5.353 112.486 6.382
202203 5.235 114.825 6.114
202206 5.257 118.384 5.955
202209 4.288 122.296 4.702
202212 5.623 126.365 5.968
202303 5.829 127.042 6.153
202306 5.633 129.407 5.838
202309 4.826 130.224 4.970
202312 6.142 131.912 6.244
202403 5.844 132.205 5.928
202406 6.055 132.716 6.119
202409 5.173 132.304 5.244
202412 5.695 132.987 5.743
202503 5.881 132.825 5.938
202506 6.172 133.699 6.191
202509 5.358 133.480 5.383
202512 6.315 133.390 6.349
202603 5.994 133.560 6.019
202606 6.042 134.110 6.042

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 0.48 mean?
Afry AB (AFXXF) has a Cyclically Adjusted PS Ratio of 0.48 as of Jul. 18, 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 Afry AB and its competitors. This is 68% below median its historical median of 1.52. Over the past decade, Afry AB's Cyclically Adjusted PS Ratio has ranged from 0.48 to 2.25. According to the industry distribution chart, Afry AB ranks #503 out of 1356 companies in the Construction industry, placing it in the top 37.1%.
Is Afry AB's Cyclically Adjusted PS Ratio too high?
Afry AB's current Cyclically Adjusted PS Ratio of 0.48 is 68% below median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 2.25. The Construction industry median Cyclically Adjusted PS Ratio is 0.71. Afry AB's value of 0.48 is 32.4% below this industry median. Based on the distribution chart, Afry AB ranks #503 out of 1356 companies in the Construction industry, which is above the industry midpoint. Overall, Afry AB has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Afry AB's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Afry AB ranks #503 out of 1356 companies for Cyclically Adjusted PS Ratio. This puts Afry AB in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.71. Afry AB's value of 0.48 is 32.4% below this benchmark. Historically, Afry AB's own Cyclically Adjusted PS Ratio has ranged from 0.48 to 2.25 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 0.71, Afry AB 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 a Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.71, based on 1,356 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. Afry AB's current Cyclically Adjusted PS Ratio of 0.48 is 32.4% 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 Afry AB and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afry AB's current Cyclically Adjusted PS Ratio is 0.48, which is 68% below median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Afry AB stock overvalued right now?
Based on GuruFocus' analysis, Afry AB (AFXXF) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.38, compared to a current price of $12.90 — trading 29.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.48, which is 68% below median its 10-year median of 1.52 and 32.4% below the Construction industry median of 0.71. Afry AB's overall GF Score™ is 80/100 with 5 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 Afry AB (AFXXF), the current Cyclically Adjusted PS Ratio is 0.48 as of Jul. 18, 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 Afry AB (AFXXF) Overvalued in 2026?

Based on GuruFocus' analysis, Afry AB stock appears to be undervalued. The current stock price of $12.90 is trading 29.8% below its estimated GF Value™ of $18.38. GuruFocus considers Afry AB to be Modestly Undervalued.

Key valuation signals for AFXXF:

  • Cyclically Adjusted PS Ratio: 0.48 (68% below median its 10-year median of 1.52)
  • GF Value™: $18.38 vs. price of $12.90 (29.8% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 32.4% below the Construction median (#503 of 1356)

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


Afry AB Business Description

Address Frosundaleden 2, Solna, Stockholm, SWE, SE-169 99
Afry AB is an engineering and consulting firm with projects in energy, industrial, and infrastructure markets. The business divisions of the company includes Hydro, Nuclear, Thermal, Transmission & Distribution, Renewables & Energy Storage, and Management Consulting. It constructs plants and provides market analysis for power generation, manufacturing facilities, and refining chemicals.
80GF Score

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

$12.90
Price
$18.38
GF Value