CD Projekt (CHIX:CDRW) Cyclically Adjusted PS Ratio: 20.00 (As of Jul. 19, 2026) — 10% Below Median

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CHIX:CDRW CD Projekt SA CHIX:CDRW
82 GF Score
Price zł275.00
GF Value zł171.81
! 3 Warning Signs
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What is CD Projekt Cyclically Adjusted PS Ratio?

CD Projekt CHIX:CDRW 82 Cyclically Adjusted PS Ratio is 20.00 as of Jul. 19, 2026, which is 10% below its 10-year median of 22.20. GuruFocus rates CHIX:CDRW with a GF Score™ of 82/100 and a GF Value™ of zł171.81. The stock has 3 warning signs investors should review. Among 326 Interactive Media companies, CD Projekt ranks worse than 98.47% on this metric.

As of today (2026-07-19), CD Projekt's current share price is zł275.00. CD Projekt's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł13.75. CD Projekt's Cyclically Adjusted PS Ratio for today is 20.00.

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

CHIX:CDRw' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.38   Med: 22.2   Max: 108.78
Current: 19.64

During the past years, CD Projekt's highest Cyclically Adjusted PS Ratio was 108.78. The lowest was 9.38. And the median was 22.20.

CHIX:CDRw's Cyclically Adjusted PS Ratio is ranked worse than
98.47% of 326 companies
in the Interactive Media industry
Industry Median: 1.375 vs CHIX:CDRw: 19.64

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.

CD Projekt's adjusted revenue per share data for the three months ended in Mar. 2026 was zł1.889. 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 zł13.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CD Projekt  (CHIX:CDRw) 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.


CD Projekt Cyclically Adjusted PS Ratio Related Terms


CD Projekt Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CD Projekt'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.

CD Projekt Cyclically Adjusted PS Ratio Chart

CD Projekt 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 27.30 14.41 10.87 16.34 21.06

CD Projekt 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 17.59 24.54 23.25 21.06 20.01

CHIX:CDRW vs NTES, EA, TTWO: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, CD Projekt'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.


CD Projekt Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CD Projekt's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CHIX:CDRW
82GF Score
CD Projekt SA CHIX:CDRW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CD Projekt 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.

CD Projekt's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=275.00/13.75
=20.00

* 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.

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

For example, CD Projekt'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)
=1.889/163.0700*163.0700
=1.889

Current CPI (Mar. 2026) = 163.0700.

CD Projekt Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.401 99.552 3.933
201609 1.021 99.064 1.681
201612 1.657 100.366 2.692
201703 1.010 101.018 1.630
201706 1.609 101.180 2.593
201709 0.855 101.343 1.376
201712 1.243 102.564 1.976
201803 0.758 102.564 1.205
201806 0.911 103.378 1.437
201809 0.651 103.378 1.027
201812 1.297 103.785 2.038
201903 0.821 104.274 1.284
201906 1.295 105.983 1.993
201909 0.935 105.983 1.439
201912 2.119 107.123 3.226
202003 1.909 109.076 2.854
202006 1.688 109.402 2.516
202009 1.028 109.320 1.533
202012 16.730 109.565 24.900
202103 1.947 112.658 2.818
202106 2.716 113.960 3.886
202109 1.414 115.588 1.995
202112 2.680 119.088 3.670
202203 2.133 125.031 2.782
202206 1.618 131.705 2.003
202209 2.438 135.531 2.933
202212 3.259 139.113 3.820
202303 1.737 145.950 1.941
202306 1.506 147.009 1.671
202309 4.430 146.113 4.944
202312 4.619 147.741 5.098
202403 2.266 149.044 2.479
202406 1.980 150.997 2.138
202409 2.271 153.439 2.414
202412 1.454 154.660 1.533
202503 1.788 157.021 1.857
202506 2.616 157.509 2.708
202509 3.464 158.000 3.575
202512 0.746 158.320 0.768
202603 1.889 163.070 1.889

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 20.00 mean?
CD Projekt (CHIX:CDRW) has a Cyclically Adjusted PS Ratio of 20.00 as of Jul. 19, 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 CD Projekt and its competitors. This is 10% below median its historical median of 22.20. Over the past decade, CD Projekt's Cyclically Adjusted PS Ratio has ranged from 9.38 to 108.78. According to the industry distribution chart, CD Projekt ranks #321 out of 326 companies in the Interactive Media industry, placing it in the top 98.5%.
Is CD Projekt's Cyclically Adjusted PS Ratio too high?
CD Projekt's current Cyclically Adjusted PS Ratio of 20.00 is 10% below median its 10-year median of 22.20. Over the past 10 years, this metric has ranged from a low of 9.38 to a high of 108.78. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.38. CD Projekt's value of 20.00 is 1354.5% above this industry median. Based on the distribution chart, CD Projekt ranks #321 out of 326 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, CD Projekt has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does CD Projekt's Cyclically Adjusted PS Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, CD Projekt ranks #321 out of 326 companies for Cyclically Adjusted PS Ratio. This places CD Projekt in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.38. CD Projekt's value of 20.00 is 1354.5% above this benchmark. Historically, CD Projekt's own Cyclically Adjusted PS Ratio has ranged from 9.38 to 108.78 over the past decade. While the company's 10-year median is 22.20 vs. the industry median of 1.38, CD Projekt 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 an Interactive Media company?
The median Cyclically Adjusted PS Ratio among Interactive Media companies is 1.38, based on 326 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. CD Projekt's current Cyclically Adjusted PS Ratio of 20.00 is 1354.5% 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 CD Projekt and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CD Projekt's current Cyclically Adjusted PS Ratio is 20.00, which is 10% below median its own 10-year median of 22.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt stock overvalued right now?
CD Projekt (CHIX:CDRW) has a current Cyclically Adjusted PS Ratio of 20.00. The stock's GF Value™ is zł171.81, compared to a current price of zł275.00 — trading 60.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 20.00, which is 10% below median its 10-year median of 22.20 and 1354.5% above the Interactive Media industry median of 1.38. CD Projekt's overall GF Score™ is 82/100 with 3 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 CD Projekt (CHIX:CDRW), the current Cyclically Adjusted PS Ratio is 20.00 as of Jul. 19, 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 CD Projekt (CHIX:CDRW) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt stock appears to be overvalued. The current stock price of zł275.00 is trading 60.1% above its estimated GF Value™ of zł171.81.

Key valuation signals for CHIX:CDRW:

  • Cyclically Adjusted PS Ratio: 20.00 (10% below median its 10-year median of 22.20)
  • GF Value™: zł171.81 vs. price of zł275.00 (60.1% above fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 1354.5% above the Interactive Media median (#321 of 326)

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


CD Projekt Business Description

Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
82GF Score

Get the complete analysis for CHIX:CDRW

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

zł275.00
Price
zł171.81
GF Value