APPS (Digital Turbine) Cyclically Adjusted PS Ratio: 3.04 (As of Jul. 03, 2026) — 54% Above Median


APPS Digital Turbine Inc APPS
52 GF Score
Price $12.72
GF Value $4.33
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Digital Turbine Cyclically Adjusted PS Ratio?

Digital Turbine APPS -4.52% 52 Cyclically Adjusted PS Ratio is 3.04 as of Jul. 03, 2026, which is 54% above its 10-year median of 1.98. GuruFocus rates APPS with a GF Score™ of 52/100 and a GF Value™ of $4.33 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,586 Software companies, Digital Turbine ranks worse than 68.03% on this metric.

As of today (2026-07-03), Digital Turbine's current share price is $12.7175. Digital Turbine's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $4.19. Digital Turbine's Cyclically Adjusted PS Ratio for today is 3.04.

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

APPS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.39   Med: 1.98   Max: 82.32
Current: 3.04

During the past years, Digital Turbine's highest Cyclically Adjusted PS Ratio was 82.32. The lowest was 0.39. And the median was 1.98.

APPS's Cyclically Adjusted PS Ratio is ranked worse than
68.03% of 1586 companies
in the Software industry
Industry Median: 1.63 vs APPS: 3.04

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.

Digital Turbine's adjusted revenue per share data for the three months ended in Mar. 2026 was $1.189. 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 $4.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital Turbine  (NAS:APPS) 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.


Digital Turbine Cyclically Adjusted PS Ratio Related Terms


Digital Turbine Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Digital Turbine'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.

Digital Turbine Cyclically Adjusted PS Ratio Chart

Digital Turbine Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.87 4.68 0.83 0.75 0.69

Digital Turbine Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.58 1.67 1.28 0.69

APPS vs BLKB, WLTH, VIA: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Digital Turbine'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.


Digital Turbine Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Digital Turbine's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


APPS
52GF Score
Digital Turbine Inc APPS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Digital Turbine 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.

Digital Turbine's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.7175/4.19
=3.04

* 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.

Digital Turbine's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Digital Turbine's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.189/330.2130*330.2130
=1.189

Current CPI (Mar. 2026) = 330.2130.

Digital Turbine Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.363 241.018 0.497
201609 0.344 241.428 0.471
201612 0.334 241.432 0.457
201703 -0.433 243.801 -0.586
201706 0.228 244.955 0.307
201709 0.238 246.819 0.318
201712 0.301 246.524 0.403
201803 0.278 249.554 0.368
201806 0.278 251.989 0.364
201809 0.303 252.439 0.396
201812 0.392 251.233 0.515
201903 0.345 254.202 0.448
201906 0.373 256.143 0.481
201909 0.391 256.759 0.503
201912 0.389 256.974 0.500
202003 0.442 258.115 0.565
202006 0.634 257.797 0.812
202009 0.738 260.280 0.936
202012 0.914 260.474 1.159
202103 0.971 264.877 1.211
202106 1.600 271.696 1.945
202109 1.961 274.310 2.361
202112 2.099 278.802 2.486
202203 1.729 287.504 1.986
202206 1.837 296.311 2.047
202209 1.699 296.808 1.890
202212 1.571 296.797 1.748
202303 1.412 301.836 1.545
202306 1.465 305.109 1.586
202309 1.424 307.789 1.528
202312 1.407 306.746 1.515
202403 1.101 312.332 1.164
202406 1.152 314.175 1.211
202409 1.152 315.301 1.206
202412 1.293 315.605 1.353
202503 1.131 319.799 1.168
202506 1.228 322.561 1.257
202509 1.286 324.800 1.307
202512 1.257 324.054 1.281
202603 1.189 330.213 1.189

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 3.04 mean?
Digital Turbine (APPS) has a Cyclically Adjusted PS Ratio of 3.04 as of Jul. 03, 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 Digital Turbine and its competitors. This is 54% above median its historical median of 1.98. Over the past decade, Digital Turbine's Cyclically Adjusted PS Ratio has ranged from 0.39 to 82.32. According to the industry distribution chart, Digital Turbine ranks #1079 out of 1586 companies in the Software industry, placing it in the top 68%.
Is Digital Turbine's Cyclically Adjusted PS Ratio too high?
Digital Turbine's current Cyclically Adjusted PS Ratio of 3.04 is 54% above median its 10-year median of 1.98. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 82.32. The Software industry median Cyclically Adjusted PS Ratio is 1.63. Digital Turbine's value of 3.04 is 86.5% above this industry median. Based on the distribution chart, Digital Turbine ranks #1079 out of 1586 companies in the Software industry, which is below the industry midpoint. Overall, Digital Turbine has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Digital Turbine's Cyclically Adjusted PS Ratio compare to BLKB and WLTH?
According to the Software industry distribution chart, Digital Turbine ranks #1079 out of 1586 companies for Cyclically Adjusted PS Ratio. This places Digital Turbine in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.63. Digital Turbine's value of 3.04 is 86.5% above this benchmark. Historically, Digital Turbine's own Cyclically Adjusted PS Ratio has ranged from 0.39 to 82.32 over the past decade. While the company's 10-year median is 1.98 vs. the industry median of 1.63, Digital Turbine 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 PS Ratio for a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.63, based on 1,586 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. Digital Turbine's current Cyclically Adjusted PS Ratio of 3.04 is 86.5% 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 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 Digital Turbine and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Digital Turbine's current Cyclically Adjusted PS Ratio is 3.04, which is 54% above median its own 10-year median of 1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Turbine stock overvalued right now?
Based on GuruFocus' analysis, Digital Turbine (APPS) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.33, compared to a current price of $12.72 — trading 193.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.04, which is 54% above median its 10-year median of 1.98 and 86.5% above the Software industry median of 1.63. Digital Turbine's overall GF Score™ is 52/100 with 6 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 Digital Turbine (APPS), the current Cyclically Adjusted PS Ratio is 3.04 as of Jul. 03, 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 Digital Turbine (APPS) Overvalued in 2026?

Based on GuruFocus' analysis, Digital Turbine stock appears to be overvalued. The current stock price of $12.72 is trading 193.7% above its estimated GF Value™ of $4.33. GuruFocus considers Digital Turbine to be Significantly Overvalued.

Key valuation signals for APPS:

  • Cyclically Adjusted PS Ratio: 3.04 (54% above median its 10-year median of 1.98)
  • GF Value™: $4.33 vs. price of $12.72 (193.7% above fair value)
  • GF Score™: 52/100 with 6 warning signs
  • Industry Position: 86.5% above the Software median (#1079 of 1586)

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


Digital Turbine Business Description

Address 110 San Antonio Street, Suite 160, Austin, TX, USA, 78701
Digital Turbine Inc is an independent mobile growth platform that levels up the landscape for advertisers, publishers, carriers, and device original equipment manufacturers. The Company offers end-to-end products and solutions leveraging proprietary technology to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. In addition, its products and solutions provide monetization opportunities for OEMs, carriers, and application (app or apps) publishers and developers.
52GF Score

Get the complete analysis for APPS

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

$12.72
Price
$4.33
GF Value