Afric Industries (CAS:AFI) Cyclically Adjusted PS Ratio: (As of Sep. 22, 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.

CAS:AFI Afric Industries SA CAS:AFI
66 GF Score
Price MAD335.00
GF Value MAD341.50
Valuation Fairly Valued
! 5 Warning Signs
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What is Afric Industries Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Afric Industries  (CAS:AFI) 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.


Afric Industries Cyclically Adjusted PS Ratio Related Terms


Afric Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Afric Industries'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.

Afric Industries Cyclically Adjusted PS Ratio Chart

Afric Industries 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 2.09 1.98 1.93 1.75 1.96

Afric Industries Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 1.82 1.75 1.91 1.96 1.93

CAS:AFI vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Afric Industries'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.


Afric Industries Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Afric Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CAS:AFI
66GF Score
Afric Industries SA CAS:AFI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Afric Industries 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.

Afric Industries's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Afric Industries's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=150.779/324.0540*324.0540
=150.779

Current CPI (Dec25) = 324.0540.

Afric Industries Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 145.176 241.432 194.858
201712 145.234 246.524 190.909
201812 134.349 251.233 173.291
201912 147.761 256.974 186.332
202012 143.062 260.474 177.982
202112 160.683 278.802 186.763
202212 136.731 296.797 149.288
202312 147.824 306.746 156.165
202412 147.890 315.605 151.849
202512 150.779 324.054 150.779

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 Afric Industries (CAS:AFI) Overvalued in 2026?

Based on GuruFocus' analysis, Afric Industries stock appears to be undervalued. The current stock price of MAD335.00 is trading 1.9% below its estimated GF Value™ of MAD341.50. GuruFocus considers Afric Industries to be Fairly Valued.

Key valuation signals for CAS:AFI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MAD341.50 vs. price of MAD335.00 (1.9% below fair value)
  • GF Score™: 66/100 with 5 warning signs

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


Afric Industries Business Description

Address Lot 107, Street 3, Tetouan Road, Industrial Area of Mghogha, Tangier, MAR, 90000
Afric Industries SA is engaged in the development, production, and marketing of abrasive products of all shapes and sizes. It is also engaged in the manufacturing and sale of tapes and adhesive and self-adhesive tapes; manufacturing, assembling, glazing, installation and marketing of all types of joinery and finished aluminum products and other materials; purchase, sale, import, export, manufacturing, processing, assembly, installation laying of all equipments, materials, tools, accessories, raw materials and spare parts.
66GF Score

Get the complete analysis for CAS:AFI

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

MAD335.00
Price
MAD341.50
GF Value