Phoenix New Media (FRA:1PX) Cyclically Adjusted PS Ratio: 0.10 (As of Jul. 30, 2026) — 41% 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:1PX Phoenix New Media Ltd FRA:1PX
50 GF Score
Price €1.23
GF Value €1.97
! 3 Warning Signs
View Full Analysis

What is Phoenix New Media Cyclically Adjusted PS Ratio?

Phoenix New Media FRA:1PX +0.82% 50 Cyclically Adjusted PS Ratio is 0.10 as of Jul. 30, 2026, which is 41% below its 10-year median of 0.17. GuruFocus rates FRA:1PX with a GF Score™ of 50/100 and a GF Value™ of €1.97. The stock has 3 warning signs investors should review. Among 329 Interactive Media companies, Phoenix New Media ranks better than 96.05% on this metric.

As of today (2026-07-30), Phoenix New Media's current share price is €1.23. Phoenix New Media's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €12.15. Phoenix New Media's Cyclically Adjusted PS Ratio for today is 0.10.

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

FRA:1PX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.17   Max: 0.79
Current: 0.1

During the past years, Phoenix New Media's highest Cyclically Adjusted PS Ratio was 0.79. The lowest was 0.06. And the median was 0.17.

FRA:1PX's Cyclically Adjusted PS Ratio is ranked better than
96.05% of 329 companies
in the Interactive Media industry
Industry Median: 1.31 vs FRA:1PX: 0.10

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.

Phoenix New Media's adjusted revenue per share data for the three months ended in Mar. 2026 was €1.973. 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 €12.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Phoenix New Media  (FRA:1PX) 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.


Phoenix New Media Cyclically Adjusted PS Ratio Related Terms


Phoenix New Media Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Phoenix New Media'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.

Phoenix New Media Cyclically Adjusted PS Ratio Chart

Phoenix New Media 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 0.27 0.14 0.08 0.15 0.12

Phoenix New Media 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 0.15 0.15 0.19 0.12 0.12

FRA:1PX vs NAMI, CHAI, GITS: Cyclically Adjusted PS Ratio Comparison

For the Internet Content & Information subindustry, Phoenix New Media'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.


Phoenix New Media Cyclically Adjusted PS Ratio vs Interactive Media Industry

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

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


FRA:1PX
50GF Score
Phoenix New Media Ltd FRA:1PX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Phoenix New Media 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.

Phoenix New Media's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.23/12.15
=0.10

* 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.

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

For example, Phoenix New Media'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)
=1.973/116.3033*116.3033
=1.973

Current CPI (Mar. 2026) = 116.3033.

Phoenix New Media Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.960 101.400 4.542
201609 3.998 102.400 4.541
201612 4.692 102.600 5.319
201703 3.340 103.200 3.764
201706 4.279 103.100 4.827
201709 4.515 104.100 5.044
201712 4.805 104.500 5.348
201803 3.031 105.300 3.348
201806 3.954 104.900 4.384
201809 3.396 106.600 3.705
201812 4.203 106.500 4.590
201903 3.097 107.700 3.344
201906 3.658 107.700 3.950
201909 3.576 109.800 3.788
201912 4.981 111.200 5.210
202003 2.458 112.300 2.546
202006 3.228 110.400 3.401
202009 3.113 111.700 3.241
202012 3.753 111.500 3.915
202103 2.404 112.662 2.482
202106 2.734 111.769 2.845
202109 2.654 112.215 2.751
202112 3.469 113.108 3.567
202203 2.069 114.335 2.105
202206 2.232 114.558 2.266
202209 2.310 115.339 2.329
202212 2.499 115.116 2.525
202303 1.635 115.116 1.652
202306 1.914 114.558 1.943
202309 1.626 115.339 1.640
202312 2.244 114.781 2.274
202403 1.624 115.227 1.639
202406 1.795 114.781 1.819
202409 1.742 115.785 1.750
202412 2.382 114.893 2.411
202503 1.649 115.116 1.666
202506 1.881 114.907 1.904
202509 2.001 115.471 2.015
202512 2.244 115.832 2.253
202603 1.973 116.303 1.973

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 0.10 mean?
Phoenix New Media (FRA:1PX) has a Cyclically Adjusted PS Ratio of 0.10 as of Jul. 30, 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 Phoenix New Media and its competitors. This is 41% below median its historical median of 0.17. Over the past decade, Phoenix New Media's Cyclically Adjusted PS Ratio has ranged from 0.06 to 0.79. According to the industry distribution chart, Phoenix New Media ranks #13 out of 329 companies in the Interactive Media industry, placing it in the top 4%.
Is Phoenix New Media's Cyclically Adjusted PS Ratio too high?
Phoenix New Media's current Cyclically Adjusted PS Ratio of 0.10 is 41% below median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.79. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.31. Phoenix New Media's value of 0.10 is 92.4% below this industry median. Based on the distribution chart, Phoenix New Media ranks #13 out of 329 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Phoenix New Media has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix New Media's Cyclically Adjusted PS Ratio compare to NAMI and CHAI?
According to the Interactive Media industry distribution chart, Phoenix New Media ranks #13 out of 329 companies for Cyclically Adjusted PS Ratio. This places Phoenix New Media in the top 4% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.31. Phoenix New Media's value of 0.10 is 92.4% below this benchmark. Historically, Phoenix New Media's own Cyclically Adjusted PS Ratio has ranged from 0.06 to 0.79 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 1.31, Phoenix New Media has consistently been below 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. Phoenix New Media's current Cyclically Adjusted PS Ratio of 0.10 is 92.4% below 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 Phoenix New Media 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. Phoenix New Media's current Cyclically Adjusted PS Ratio is 0.10, which is 41% below median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix New Media stock overvalued right now?
Phoenix New Media (FRA:1PX) has a current Cyclically Adjusted PS Ratio of 0.10. The stock's GF Value™ is €1.97, compared to a current price of €1.23 — trading 37.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.10, which is 41% below median its 10-year median of 0.17 and 92.4% below the Interactive Media industry median of 1.31. Phoenix New Media's overall GF Score™ is 50/100 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 Phoenix New Media (FRA:1PX), the current Cyclically Adjusted PS Ratio is 0.10 as of Jul. 30, 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 Phoenix New Media (FRA:1PX) Overvalued in 2026?

Based on GuruFocus' analysis, Phoenix New Media stock appears to be undervalued. The current stock price of €1.23 is trading 37.6% below its estimated GF Value™ of €1.97.

Key valuation signals for FRA:1PX:

  • Cyclically Adjusted PS Ratio: 0.10 (41% below median its 10-year median of 0.17)
  • GF Value™: €1.97 vs. price of €1.23 (37.6% below fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 92.4% below the Interactive Media median (#13 of 329)

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


Phoenix New Media Business Description

Other Exchanges FENG:USA
Address Hongtai East Street, Floor 25, Tower B, POSCO Center, Wangjing, Chaoyang District, Beijing, CHN, 100102
Phoenix New Media Ltd is a media company providing premium content on an integrated platform across the internet, mobile and TV channels in China. The company organizes its operations into two main segments: Net advertising services and Paid services. It provides its content and services through three channels: ifeng.com channel, video channel, and mobile channel. The company also offers a wide range of paid services including mobile value-added services, games, and content sales. It generates the majority of its revenue from Net advertising services. Geographically, it derives all of its revenue from PRC.
50GF Score

Get the complete analysis for FRA:1PX

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

€1.23
Price
€1.97
GF Value