11 bit studios (FRA:11C) Cyclically Adjusted PS Ratio: 3.25 (As of Jul. 29, 2026) — 84% Below Median

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FRA:11C 11 bit studios SA FRA:11C
76 GF Score
Price €30.00
GF Value €57.39
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is 11 bit studios Cyclically Adjusted PS Ratio?

11 bit studios FRA:11C 76 Cyclically Adjusted PS Ratio is 3.25 as of Jul. 29, 2026, which is 84% below its 10-year median of 20.78. GuruFocus rates FRA:11C with a GF Score™ of 76/100 and a GF Value™ of €57.39 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 329 Interactive Media companies, 11 bit studios ranks worse than 71.73% on this metric.

As of today (2026-07-29), 11 bit studios's current share price is €30.00. 11 bit studios's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €9.22. 11 bit studios's Cyclically Adjusted PS Ratio for today is 3.25.

The historical rank and industry rank for 11 bit studios's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:11C' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.16   Med: 20.78   Max: 30.24
Current: 3.16

During the past years, 11 bit studios's highest Cyclically Adjusted PS Ratio was 30.24. The lowest was 3.16. And the median was 20.78.

FRA:11C's Cyclically Adjusted PS Ratio is ranked worse than
71.73% of 329 companies
in the Interactive Media industry
Industry Median: 1.31 vs FRA:11C: 3.16

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.

11 bit studios's adjusted revenue per share data for the three months ended in Mar. 2026 was €1.882. 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 €9.22 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


11 bit studios  (FRA:11C) 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.


11 bit studios Cyclically Adjusted PS Ratio Related Terms


11 bit studios Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for 11 bit studios'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.

11 bit studios Cyclically Adjusted PS Ratio Chart

11 bit studios 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 28.88 23.28 18.78 4.89 3.61

11 bit studios 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 5.52 5.71 4.90 3.61 3.16

FRA:11C vs NTES, EA, TTWO: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, 11 bit studios'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.


11 bit studios Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 11 bit studios's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where 11 bit studios's Cyclically Adjusted PS Ratio falls into.


FRA:11C
76GF Score
11 bit studios SA FRA:11C
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

11 bit studios 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.

11 bit studios's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=30.00/9.22
=3.25

* 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.

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

For example, 11 bit studios'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)
=1.882/163.0700*163.0700
=1.882

Current CPI (Mar. 2026) = 163.0700.

11 bit studios Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.523 99.552 0.857
201609 0.531 99.064 0.874
201612 0.923 100.366 1.500
201703 0.298 101.018 0.481
201706 0.587 101.180 0.946
201709 0.280 101.343 0.451
201712 0.685 102.564 1.089
201803 0.220 102.564 0.350
201806 4.256 103.378 6.713
201809 1.321 103.378 2.084
201812 2.139 103.785 3.361
201903 1.348 104.274 2.108
201906 1.580 105.983 2.431
201909 1.778 105.983 2.736
201912 2.072 107.123 3.154
202003 2.902 109.076 4.339
202006 1.594 109.402 2.376
202009 1.710 109.320 2.551
202012 1.888 109.565 2.810
202103 1.410 112.658 2.041
202106 2.004 113.960 2.868
202109 1.281 115.588 1.807
202112 2.021 119.088 2.767
202203 1.713 125.031 2.234
202206 2.664 131.705 3.298
202209 1.320 135.531 1.588
202212 1.416 139.113 1.660
202303 1.403 145.950 1.568
202306 0.937 147.009 1.039
202309 1.066 146.113 1.190
202312 1.749 147.741 1.930
202403 1.457 149.044 1.594
202406 1.447 150.997 1.563
202409 7.216 153.439 7.669
202412 3.222 154.660 3.397
202503 1.664 157.021 1.728
202506 3.780 157.509 3.913
202509 4.190 158.000 4.324
202512 3.777 158.320 3.890
202603 1.882 163.070 1.882

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 3.25 mean?
11 bit studios (FRA:11C) has a Cyclically Adjusted PS Ratio of 3.25 as of Jul. 29, 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 11 bit studios and its competitors. This is 84% below median its historical median of 20.78. Over the past decade, 11 bit studios' Cyclically Adjusted PS Ratio has ranged from 3.16 to 30.24. According to the industry distribution chart, 11 bit studios ranks #236 out of 329 companies in the Interactive Media industry, placing it in the top 71.7%.
Is 11 bit studios' Cyclically Adjusted PS Ratio too high?
11 bit studios' current Cyclically Adjusted PS Ratio of 3.25 is 84% below median its 10-year median of 20.78. Over the past 10 years, this metric has ranged from a low of 3.16 to a high of 30.24. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.31. 11 bit studios' value of 3.25 is 148.1% above this industry median. Based on the distribution chart, 11 bit studios ranks #236 out of 329 companies in the Interactive Media industry, which is below the industry midpoint. Overall, 11 bit studios has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 11 bit studios' Cyclically Adjusted PS Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, 11 bit studios ranks #236 out of 329 companies for Cyclically Adjusted PS Ratio. This places 11 bit studios in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.31. 11 bit studios' value of 3.25 is 148.1% above this benchmark. Historically, 11 bit studios' own Cyclically Adjusted PS Ratio has ranged from 3.16 to 30.24 over the past decade. While the company's 10-year median is 20.78 vs. the industry median of 1.31, 11 bit studios 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 1.31, based on 329 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. 11 bit studios's current Cyclically Adjusted PS Ratio of 3.25 is 148.1% 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 11 bit studios and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 11 bit studios's current Cyclically Adjusted PS Ratio is 3.25, which is 84% below median its own 10-year median of 20.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 11 bit studios stock overvalued right now?
Based on GuruFocus' analysis, 11 bit studios (FRA:11C) is currently considered Significantly Undervalued. The stock's GF Value™ is €57.39, compared to a current price of €30.00 — trading 47.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.25, which is 84% below median its 10-year median of 20.78 and 148.1% above the Interactive Media industry median of 1.31. 11 bit studios' overall GF Score™ is 76/100 with 4 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 11 bit studios (FRA:11C), the current Cyclically Adjusted PS Ratio is 3.25 as of Jul. 29, 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 11 bit studios (FRA:11C) Overvalued in 2026?

Based on GuruFocus' analysis, 11 bit studios stock appears to be undervalued. The current stock price of €30.00 is trading 47.7% below its estimated GF Value™ of €57.39. GuruFocus considers 11 bit studios to be Significantly Undervalued.

Key valuation signals for FRA:11C:

  • Cyclically Adjusted PS Ratio: 3.25 (84% below median its 10-year median of 20.78)
  • GF Value™: €57.39 vs. price of €30.00 (47.7% below fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 148.1% above the Interactive Media median (#236 of 329)

No single metric tells the full story. See the FRA:11C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


11 bit studios Business Description

Other Exchanges 11B:Poland
Address Brechta 7, Warszawa, POL, 03-472
11 bit studios SA is a manufacturer of multi-platform video games in Poland. It develops games for a wide range of devices including personal computers, and tablet computers.
76GF Score

Get the complete analysis for FRA:11C

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

€30.00
Price
€57.39
GF Value