Applied Digital (BSP:A1PL34) Cyclically Adjusted PS Ratio: (As of Aug. 16, 2026)

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.

BSP:A1PL34 Applied Digital Corp BSP:A1PL34
19 GF Score
Price R$163.19
GF Value R$108.00
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Applied Digital Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Applied Digital  (BSP:A1PL34) 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.


Applied Digital Cyclically Adjusted PS Ratio Related Terms


Applied Digital Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Applied Digital'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.

Applied Digital Cyclically Adjusted PS Ratio Chart

Applied Digital Annual Data
Trend May06 May07 May08 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 3.33 1.77 3.74 28.79

Applied Digital Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 3.74 9.68 16.51 16.89 28.79

BSP:A1PL34 vs INGM, GDS, PSN: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Applied Digital'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.


Applied Digital Cyclically Adjusted PS Ratio vs Software Industry

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

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


BSP:A1PL34
19GF Score
Applied Digital Corp BSP:A1PL34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Applied Digital 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=4.512/335.1230*335.1230
=4.512

Current CPI (May. 2026) = 335.1230.

Applied Digital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200508 2.101 196.400 3.585
200511 2.455 197.600 4.164
200602 1.441 198.700 2.430
200605 0.346 202.500 0.573
200608 0.953 203.900 1.566
200611 1.031 201.500 1.715
200702 0.280 203.499 0.461
200705 0.150 207.949 0.242
200708 0.065 207.917 0.105
200711 0.096 210.177 0.153
200802 0.156 211.693 0.247
200805 0.107 216.632 0.166
200808 0.064 219.086 0.098
200811 0.126 212.425 0.199
200902 2.387 212.193 3.770
202005 0.000 256.394 0.000
202008 0.000 259.918 0.000
202011 0.000 260.229 0.000
202102 0.000 263.014 0.000
202105 0.000 269.195 0.000
202108 0.000 273.567 0.000
202111 0.000 277.948 0.000
202202 0.100 283.716 0.118
202205 0.486 292.296 0.557
202208 0.382 296.171 0.432
202211 0.696 297.711 0.783
202302 0.776 300.840 0.864
202305 1.152 304.127 1.269
202308 1.771 307.026 1.933
202311 1.885 307.051 2.057
202402 1.771 310.326 1.913
202405 0.607 314.069 0.648
202408 1.298 314.796 1.382
202411 1.000 315.493 1.062
202502 1.371 319.082 1.440
202505 -0.840 321.465 -0.876
202508 1.367 323.976 1.414
202511 2.437 324.122 2.520
202602 2.335 326.785 2.395
202605 4.512 335.123 4.512

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.

Is Applied Digital (BSP:A1PL34) Overvalued in 2026?

Based on GuruFocus' analysis, Applied Digital stock appears to be overvalued. The current stock price of R$163.19 is trading 51.1% above its estimated GF Value™ of R$108.00. GuruFocus considers Applied Digital to be Significantly Overvalued.

Key valuation signals for BSP:A1PL34:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$108.00 vs. price of R$163.19 (51.1% above fair value)
  • GF Score™: 19/100 with 7 warning signs

No single metric tells the full story. See the BSP:A1PL34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Applied Digital Business Description

Other Exchanges APLD:USA1APLD:Italy
Address 3811 Turtle Creek Boulevard, Suite 2100, Dallas, TX, USA, 75219
Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments: Data Center Hosting Business and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business, which operates data centers to provide energized space to crypto mining customers.
19GF Score

Get the complete analysis for BSP:A1PL34

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

R$163.19
Price
R$108.00
GF Value