PagSeguro Digital (BSP:PAGS34) Cyclically Adjusted PS Ratio: (As of Aug. 13, 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:PAGS34 PagSeguro Digital Ltd BSP:PAGS34
85 GF Score
Price R$8.90
GF Value R$12.31
Valuation Modestly Undervalued
! 4 Warning Signs
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What is PagSeguro Digital Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PagSeguro Digital  (BSP:PAGS34) 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.


PagSeguro Digital Cyclically Adjusted PS Ratio Related Terms


PagSeguro Digital Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PagSeguro 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.

PagSeguro Digital Cyclically Adjusted PS Ratio Chart

PagSeguro Digital 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 0.00 0.00 0.00

PagSeguro Digital 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 0.00 0.00 1.26 0.00

BSP:PAGS34 vs AVPT, STNE, ATEN: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, PagSeguro 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.


PagSeguro Digital Cyclically Adjusted PS Ratio vs Software Industry

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

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


BSP:PAGS34
85GF Score
PagSeguro Digital Ltd BSP:PAGS34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PagSeguro 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.

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

For example, PagSeguro Digital'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)
=3.635/333.9520*333.9520
=3.635

Current CPI (Jun. 2026) = 333.9520.

PagSeguro Digital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.000 236.525 0.000
201612 0.291 241.432 0.403
201703 0.342 243.801 0.468
201706 0.425 244.955 0.579
201709 0.524 246.819 0.709
201712 0.634 246.524 0.859
201803 0.622 249.554 0.832
201806 0.651 251.989 0.863
201809 0.725 252.439 0.959
201812 0.766 251.233 1.018
201903 0.781 254.202 1.026
201906 0.845 256.143 1.102
201909 0.885 256.759 1.151
201912 0.911 256.974 1.184
202003 0.962 258.115 1.245
202006 0.823 257.797 1.066
202009 1.081 260.280 1.387
202012 1.264 260.474 1.621
202103 1.252 264.877 1.578
202106 1.434 271.696 1.763
202109 1.670 274.310 2.033
202112 1.951 278.802 2.337
202203 2.057 287.504 2.389
202206 2.347 296.311 2.645
202209 2.454 296.808 2.761
202212 2.415 296.797 2.717
202303 2.290 301.836 2.534
202306 2.351 305.109 2.573
202309 2.473 307.789 2.683
202312 2.679 306.746 2.917
202403 2.682 312.332 2.868
202406 2.828 314.175 3.006
202409 3.013 315.301 3.191
202412 3.259 315.605 3.448
202503 3.174 319.799 3.314
202506 3.364 322.561 3.483
202509 3.462 324.800 3.560
202512 3.716 324.054 3.830
202603 3.539 330.213 3.579
202606 3.635 333.952 3.635

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 PagSeguro Digital (BSP:PAGS34) Overvalued in 2026?

Based on GuruFocus' analysis, PagSeguro Digital stock appears to be undervalued. The current stock price of R$8.90 is trading 27.7% below its estimated GF Value™ of R$12.31. GuruFocus considers PagSeguro Digital to be Modestly Undervalued.

Key valuation signals for BSP:PAGS34:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$12.31 vs. price of R$8.90 (27.7% below fair value)
  • GF Score™: 85/100 with 4 warning signs

No single metric tells the full story. See the BSP:PAGS34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PagSeguro Digital Business Description

Other Exchanges PAGS:USA1JY:Germany
Address Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, CYM, KY1-1111
PagSeguro Digital Ltd is a Brazilian-based company that acts as a provider of financial technology solutions focused on Micro-Merchants, Small Companies and Medium-Sized Companies (SMEs), in Brazil. The company provides a range of solutions and tools such as cash-in and cash-out options and provides access to working capital to help to manage its cash flow. It delivers an end-to-end digital ecosystem to address day-to-day financial needs, including receiving and spending funds and managing and growing businesses for clients. The company also offers the Free PagSeguro Digital Account delivering Cash-In Solutions, Online and In-Person Payment Tools, Online Payment Tools; and Web Check Outs offer tokenization, handling of shipping information, and others.
85GF Score

Get the complete analysis for BSP:PAGS34

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

R$8.90
Price
R$12.31
GF Value