Frontline (CHIX:FROO) Cyclically Adjusted PS Ratio: 5.09 (As of Jul. 15, 2026) — 960% Above Median

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Director of Data and Quant Analytics at GuruFocus
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CHIX:FROO Frontline PLC CHIX:FROO
79 GF Score
Price kr359.75
GF Value kr256.22
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Frontline Cyclically Adjusted PS Ratio?

Frontline CHIX:FROO 79 Cyclically Adjusted PS Ratio is 5.09 as of Jul. 15, 2026, which is 960% above its 10-year median of 0.48. GuruFocus rates CHIX:FROO with a GF Score™ of 79/100 and a GF Value™ of kr256.22 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 705 Oil & Gas companies, Frontline ranks worse than 90.07% on this metric.

As of today (2026-07-15), Frontline's current share price is kr359.75. Frontline's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr70.72. Frontline's Cyclically Adjusted PS Ratio for today is 5.09.

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

CHIX:FROo' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.48   Max: 5.65
Current: 5.3

During the past years, Frontline's highest Cyclically Adjusted PS Ratio was 5.65. The lowest was 0.08. And the median was 0.48.

CHIX:FROo's Cyclically Adjusted PS Ratio is ranked worse than
90.07% of 705 companies
in the Oil & Gas industry
Industry Median: 1.03 vs CHIX:FROo: 5.30

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.

Frontline's adjusted revenue per share data for the three months ended in Mar. 2026 was kr30.988. 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 kr70.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Frontline  (CHIX:FROo) 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.


Frontline Cyclically Adjusted PS Ratio Related Terms


Frontline Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Frontline'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.

Frontline Cyclically Adjusted PS Ratio Chart

Frontline 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 0.49 1.06 2.39 1.84 3.09

Frontline 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 2.06 2.33 3.33 3.09 4.81

CHIX:FROO vs VNOM, GLNG, HESM: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Midstream subindustry, Frontline'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.


Frontline Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Frontline's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CHIX:FROO
79GF Score
Frontline PLC CHIX:FROO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Frontline 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.

Frontline's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=359.75/70.72
=5.09

* 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.

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

For example, Frontline'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)
=30.988/330.2130*330.2130
=30.988

Current CPI (Mar. 2026) = 330.2130.

Frontline Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 10.016 241.018 13.723
201609 7.063 241.428 9.660
201612 8.989 241.432 12.294
201703 8.873 243.801 12.018
201706 7.210 244.955 9.719
201709 6.404 246.819 8.568
201712 8.747 246.524 11.716
201803 7.762 249.554 10.271
201806 7.694 251.989 10.082
201809 9.167 252.439 11.991
201812 11.026 251.233 14.492
201903 12.077 254.202 15.688
201906 9.817 256.143 12.656
201909 10.177 256.759 13.088
201912 15.454 256.974 19.858
202003 21.324 258.115 27.280
202006 18.666 257.797 23.909
202009 11.519 260.280 14.614
202012 7.699 260.474 9.760
202103 8.350 264.877 10.410
202106 6.991 271.696 8.497
202109 7.616 274.310 9.168
202112 9.474 278.802 11.221
202203 9.438 287.504 10.840
202206 14.150 296.311 15.769
202209 17.680 296.808 19.670
202212 23.518 296.797 26.166
202303 23.529 301.836 25.741
202306 24.867 305.109 26.913
202309 18.166 307.789 19.489
202312 19.666 306.746 21.171
202403 27.571 312.332 29.149
202406 26.513 314.175 27.866
202409 23.396 315.301 24.503
202412 21.332 315.605 22.319
202503 20.523 319.799 21.191
202506 21.676 322.561 22.190
202509 19.324 324.800 19.646
202512 28.221 324.054 28.757
202603 30.988 330.213 30.988

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 5.09 mean?
Frontline (CHIX:FROO) has a Cyclically Adjusted PS Ratio of 5.09 as of Jul. 15, 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 Frontline and its competitors. This is 960% above median its historical median of 0.48. Over the past decade, Frontline's Cyclically Adjusted PS Ratio has ranged from 0.08 to 5.65. According to the industry distribution chart, Frontline ranks #635 out of 705 companies in the Oil & Gas industry, placing it in the top 90.1%.
Is Frontline's Cyclically Adjusted PS Ratio too high?
Frontline's current Cyclically Adjusted PS Ratio of 5.09 is 960% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 5.65. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.03. Frontline's value of 5.09 is 394.2% above this industry median. Based on the distribution chart, Frontline ranks #635 out of 705 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Frontline has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frontline's Cyclically Adjusted PS Ratio compare to VNOM and GLNG?
According to the Oil & Gas industry distribution chart, Frontline ranks #635 out of 705 companies for Cyclically Adjusted PS Ratio. This places Frontline in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.03. Frontline's value of 5.09 is 394.2% above this benchmark. Historically, Frontline's own Cyclically Adjusted PS Ratio has ranged from 0.08 to 5.65 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 1.03, Frontline 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 Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.03, based on 705 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. Frontline's current Cyclically Adjusted PS Ratio of 5.09 is 394.2% 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 Frontline and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontline's current Cyclically Adjusted PS Ratio is 5.09, which is 960% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontline stock overvalued right now?
Based on GuruFocus' analysis, Frontline (CHIX:FROO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr256.22, compared to a current price of kr359.75 — trading 40.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.09, which is 960% above median its 10-year median of 0.48 and 394.2% above the Oil & Gas industry median of 1.03. Frontline's overall GF Score™ is 79/100 with 2 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 Frontline (CHIX:FROO), the current Cyclically Adjusted PS Ratio is 5.09 as of Jul. 15, 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 Frontline (CHIX:FROO) Overvalued in 2026?

Based on GuruFocus' analysis, Frontline stock appears to be overvalued. The current stock price of kr359.75 is trading 40.4% above its estimated GF Value™ of kr256.22. GuruFocus considers Frontline to be Significantly Overvalued.

Key valuation signals for CHIX:FROO:

  • Cyclically Adjusted PS Ratio: 5.09 (960% above median its 10-year median of 0.48)
  • GF Value™: kr256.22 vs. price of kr359.75 (40.4% above fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 394.2% above the Oil & Gas median (#635 of 705)

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


Frontline Business Description

Industry EnergyOil & Gas
Address 8, John Kennedy Street, Office 740B, 7th Floor, Iris House, Limassol, CYP, 3106
Frontline PLC is an international shipping company engaged in the seaborne transportation of crude oil and oil products. It owns and operates modern fleets in the industry, consisting of VLCCs, Suezmax tankers, LR2, and Aframax tankers, which operate in the spot and time charter markets. The vessels normally trade between the larger refinery centers around the world, such as the Gulf of Mexico, the Middle East, Rotterdam, and Singapore. The company generates the majority of its revenue from voyage and time charters. It has only one reportable segment: tankers.
79GF Score

Get the complete analysis for CHIX:FROO

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

kr359.75
Price
kr256.22
GF Value