Voxel (FRA:0NX) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:0NX Voxel SA FRA:0NX
95 GF Score
Price €31.90
GF Value €31.39
Valuation Fairly Valued
! 1 Warning Sign
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What is Voxel Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Voxel  (FRA:0NX) 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.


Voxel Cyclically Adjusted PS Ratio Related Terms


Voxel Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Voxel'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.

Voxel Cyclically Adjusted PS Ratio Chart

Voxel 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 2.13 1.56 2.65 3.72 3.30

Voxel 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 4.51 4.26 3.22 2.59 2.62

FRA:0NX vs TMO, DHR, NTRA: Cyclically Adjusted PS Ratio Comparison

For the Diagnostics & Research subindustry, Voxel'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.


Voxel Cyclically Adjusted PS Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Voxel's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:0NX
95GF Score
Voxel SA FRA:0NX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Voxel 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.

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

For example, Voxel'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)
=4.14/162.2800*162.2800
=4.140

Current CPI (Jun. 2026) = 162.2800.

Voxel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.537 99.064 0.880
201612 0.798 100.366 1.290
201703 0.748 101.018 1.202
201706 0.674 101.180 1.081
201709 0.732 101.343 1.172
201712 1.253 102.564 1.983
201803 0.742 102.564 1.174
201806 0.754 103.378 1.184
201809 0.852 103.378 1.337
201812 1.453 103.785 2.272
201903 1.087 104.274 1.692
201906 1.036 105.983 1.586
201909 1.072 105.983 1.641
201912 1.496 107.123 2.266
202003 1.110 109.076 1.651
202006 1.111 109.402 1.648
202009 1.859 109.320 2.760
202012 2.915 109.565 4.318
202103 2.340 112.658 3.371
202106 2.267 113.960 3.228
202109 1.955 115.588 2.745
202112 2.667 119.088 3.634
202203 2.058 125.031 2.671
202206 1.559 131.705 1.921
202209 1.981 135.531 2.372
202212 2.646 139.113 3.087
202303 1.792 145.950 1.992
202306 1.928 147.009 2.128
202309 2.503 146.113 2.780
202312 2.699 147.741 2.965
202403 2.388 149.044 2.600
202406 2.744 150.997 2.949
202409 2.990 153.439 3.162
202412 3.111 154.660 3.264
202503 3.578 157.021 3.698
202506 2.846 157.509 2.932
202509 3.197 158.000 3.284
202512 3.498 158.320 3.585
202603 3.534 163.070 3.517
202606 4.140 162.280 4.140

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 Voxel (FRA:0NX) Overvalued in 2026?

Based on GuruFocus' analysis, Voxel stock appears to be overvalued. The current stock price of €31.90 is trading 1.6% above its estimated GF Value™ of €31.39. GuruFocus considers Voxel to be Fairly Valued.

Key valuation signals for FRA:0NX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €31.39 vs. price of €31.90 (1.6% above fair value)
  • GF Score™: 95/100 with 1 warning sign

No single metric tells the full story. See the FRA:0NX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Voxel Business Description

Other Exchanges VOX:Poland
Address ulica Wielicka 265, Krakow, POL, 30-663
Voxel SA is a network of diagnostic imaging laboratories created for patients and to increase access to high-quality tests. The company operates diagnostic imaging centers and laboratories and provides several services such as magnetic resonance imaging, computed tomography and positron emission tomography. It has 33 specialised laboratories in 21 cities throughout Poland.
95GF Score

Get the complete analysis for FRA:0NX

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

€31.90
Price
€31.39
GF Value