iFAST (FRA:1O3) Cyclically Adjusted PS Ratio: 9.51 (As of Aug. 07, 2026) — 16% Below Median

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.

FRA:1O3 iFAST Corp Ltd FRA:1O3
88 GF Score
Price €5.80
GF Value €8.49
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is iFAST Cyclically Adjusted PS Ratio?

iFAST FRA:1O3 -5.69% 88 Cyclically Adjusted PS Ratio is 9.51 as of Aug. 07, 2026, which is 16% below its 10-year median of 11.35. GuruFocus rates FRA:1O3 with a GF Score™ of 88/100 and a GF Value™ of €8.49 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,587 Software companies, iFAST ranks worse than 90.93% on this metric.

As of today (2026-08-07), iFAST's current share price is €5.80. iFAST's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €0.61. iFAST's Cyclically Adjusted PS Ratio for today is 9.51.

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

FRA:1O3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.76   Med: 11.35   Max: 14.6
Current: 9.78

During the past years, iFAST's highest Cyclically Adjusted PS Ratio was 14.60. The lowest was 8.76. And the median was 11.35.

FRA:1O3's Cyclically Adjusted PS Ratio is ranked worse than
90.93% of 1587 companies
in the Software industry
Industry Median: 1.66 vs FRA:1O3: 9.78

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.

iFAST's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.353. 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 €0.61 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


iFAST  (FRA:1O3) 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.


iFAST Cyclically Adjusted PS Ratio Related Terms


iFAST Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for iFAST'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.

iFAST Cyclically Adjusted PS Ratio Chart

iFAST 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 0.00 0.00 13.95 10.94 11.79

iFAST 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 8.87 11.42 11.79 10.40 9.65

FRA:1O3 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, iFAST'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.


iFAST Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, iFAST's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:1O3
88GF Score
iFAST Corp Ltd FRA:1O3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

iFAST 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.80/0.61
=9.51

* 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.

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

For example, iFAST'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)
=0.353/333.9520*333.9520
=0.353

Current CPI (Jun. 2026) = 333.9520.

iFAST Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.052 241.428 0.072
201612 0.054 241.432 0.075
201703 0.055 243.801 0.075
201706 0.059 244.955 0.080
201709 0.061 246.819 0.083
201712 0.066 246.524 0.089
201803 0.071 249.554 0.095
201806 0.073 251.989 0.097
201809 0.072 252.439 0.095
201812 0.066 251.233 0.088
201903 0.065 254.202 0.085
201906 0.073 256.143 0.095
201909 0.081 256.759 0.105
201912 0.081 256.974 0.105
202003 0.089 258.115 0.115
202006 0.088 257.797 0.114
202009 0.099 260.280 0.127
202012 0.102 260.474 0.131
202103 0.121 264.877 0.153
202106 0.110 271.696 0.135
202109 0.122 274.310 0.149
202112 0.123 278.802 0.147
202203 0.116 287.504 0.135
202206 0.124 296.311 0.140
202209 0.124 296.808 0.140
202212 0.109 296.797 0.123
202303 0.119 301.836 0.132
202306 0.123 305.109 0.135
202309 0.141 307.789 0.153
202312 0.174 306.746 0.189
202403 0.193 312.332 0.206
202406 0.211 314.175 0.224
202409 0.197 315.301 0.209
202412 0.207 315.605 0.219
202503 0.241 319.799 0.252
202506 0.265 322.561 0.274
202509 0.252 324.800 0.259
202512 0.286 324.054 0.295
202603 0.337 330.213 0.341
202606 0.353 333.952 0.353

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 9.51 mean?
iFAST (FRA:1O3) has a Cyclically Adjusted PS Ratio of 9.51 as of Aug. 07, 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 iFAST and its competitors. This is 16% below median its historical median of 11.35. Over the past decade, iFAST's Cyclically Adjusted PS Ratio has ranged from 8.76 to 14.60. According to the industry distribution chart, iFAST ranks #1443 out of 1587 companies in the Software industry, placing it in the top 90.9%.
Is iFAST's Cyclically Adjusted PS Ratio too high?
iFAST's current Cyclically Adjusted PS Ratio of 9.51 is 16% below median its 10-year median of 11.35. Over the past 10 years, this metric has ranged from a low of 8.76 to a high of 14.60. The Software industry median Cyclically Adjusted PS Ratio is 1.66. iFAST's value of 9.51 is 472.9% above this industry median. Based on the distribution chart, iFAST ranks #1443 out of 1587 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, iFAST has a GF Score™ of 88/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does iFAST's Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, iFAST ranks #1443 out of 1587 companies for Cyclically Adjusted PS Ratio. This places iFAST in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.66. iFAST's value of 9.51 is 472.9% above this benchmark. Historically, iFAST's own Cyclically Adjusted PS Ratio has ranged from 8.76 to 14.60 over the past decade. While the company's 10-year median is 11.35 vs. the industry median of 1.66, iFAST 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 a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.66, based on 1,587 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. iFAST's current Cyclically Adjusted PS Ratio of 9.51 is 472.9% 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 iFAST and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iFAST's current Cyclically Adjusted PS Ratio is 9.51, which is 16% below median its own 10-year median of 11.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iFAST stock overvalued right now?
Based on GuruFocus' analysis, iFAST (FRA:1O3) is currently considered Possible Value Trap. The stock's GF Value™ is €8.49, compared to a current price of €5.80 — trading 31.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.51, which is 16% below median its 10-year median of 11.35 and 472.9% above the Software industry median of 1.66. iFAST's overall GF Score™ is 88/100 with 5 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 iFAST (FRA:1O3), the current Cyclically Adjusted PS Ratio is 9.51 as of Aug. 07, 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 iFAST (FRA:1O3) Overvalued in 2026?

Based on GuruFocus' analysis, iFAST stock appears to be undervalued. The current stock price of €5.80 is trading 31.7% below its estimated GF Value™ of €8.49. GuruFocus considers iFAST to be Possible Value Trap.

Key valuation signals for FRA:1O3:

  • Cyclically Adjusted PS Ratio: 9.51 (16% below median its 10-year median of 11.35)
  • GF Value™: €8.49 vs. price of €5.80 (31.7% below fair value)
  • GF Score™: 88/100 with 5 warning signs
  • Industry Position: 472.9% above the Software median (#1443 of 1587)

No single metric tells the full story. See the FRA:1O3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


iFAST Business Description

Other Exchanges AIY:Singapore
Address 10 Collyer Quay, No. 26-01, Ocean Financial Centre, Singapore, SGP, 049315
iFAST Corp Ltd is an investment holding company. It is engaged in the development of software, marketing of unit trusts, exchange-traded funds, listed stocks, debt securities, and Singapore government securities through websites and acting as an investment advisor, dealer, and custodian in the securities, portfolio management, pension administrative services, trust services, and banking services. The company operates through geographic segments: Singapore, Hong Kong, Malaysia, the United Kingdom, and China. The Hong Kong region generates maximum revenue for the company. The company receives the majority of revenue in the form of commissions and fees.
88GF Score

Get the complete analysis for FRA:1O3

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

€5.80
Price
€8.49
GF Value