CHGA (Change Agents) Cyclically Adjusted PS Ratio: (As of Aug. 30, 2026)

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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.

CHGA Change Agents Corp CHGA
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What is Change Agents Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Change Agents  (NAS:CHGA) 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.


Change Agents Cyclically Adjusted PS Ratio Related Terms


Change Agents Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Change Agents'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.

Change Agents Cyclically Adjusted PS Ratio Chart

Change Agents 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 0.12 0.06 0.02

Change Agents 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 0.00 0.04 0.02 0.00 0.00

CHGA vs GBR, LRHC, TNMD: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, Change Agents'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.


Change Agents Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Change Agents's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CHGA
18GF Score
Change Agents Corp CHGA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Change Agents 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.

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

For example, Change Agents'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)
=0/333.9520*333.9520
=0.000

Current CPI (Jun. 2026) = 333.9520.

Change Agents Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 19.235 241.428 26.607
201612 16.111 241.432 22.285
201703 3.143 243.801 4.305
201706 17.045 244.955 23.238
201709 14.409 246.819 19.496
201712 13.870 246.524 18.789
201803 13.391 249.554 17.920
201806 20.667 251.989 27.389
201809 17.250 252.439 22.820
201812 14.375 251.233 19.108
201903 11.360 254.202 14.924
201906 16.000 256.143 20.860
201909 15.320 256.759 19.926
201912 19.160 256.974 24.899
202003 11.423 258.115 14.779
202006 11.577 257.797 14.997
202009 12.037 260.280 15.444
202012 16.852 260.474 21.606
202103 10.357 264.877 13.058
202106 10.000 271.696 12.291
202109 17.393 274.310 21.175
202112 11.517 278.802 13.795
202203 9.933 287.504 11.538
202206 9.700 296.311 10.932
202209 9.906 296.808 11.146
202212 8.970 296.797 10.093
202303 8.970 301.836 9.924
202306 9.029 305.109 9.883
202309 9.194 307.789 9.976
202312 8.676 306.746 9.445
202403 8.514 312.332 9.103
202406 8.865 314.175 9.423
202409 7.500 315.301 7.944
202412 -14.746 315.605 -15.603
202503 0.000 319.799 0.000
202506 0.000 322.561 0.000
202509 1.724 324.800 1.773
202512 -4.321 324.054 -4.453
202603 0.000 330.213 0.000
202606 0.000 333.952 0.000

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.


Change Agents Business Description

Address 4400 Route 9 South, Suite 3100, Freehold, NJ, USA, 07728
Avalon Globocare Corp is a technology driven company with a focus on developing products and services that serve growing consumer health and technology markets. Through its AI-driven subsidiary, the company is advancing next-generation AI systems, including automated video generation, enterprise documentation, and workflow automation solutions. Its segments consist of a consumer health technology segment, through which it distributes the Keto Air breathalyzer device, a non-invasive consumer breathalyzer that measures ketosis levels and is sold in North America; and an artificial intelligence content technology segment, through which it develops and commercializes an AI-driven, short-form video generation platform.
18GF Score

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