Capital Power (FRA:2CP) Cyclically Adjusted PS Ratio: 3.12 (As of Jul. 14, 2026) — 32% Above Median

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FRA:2CP Capital Power Corp FRA:2CP
74 GF Score
Price €45.60
GF Value €25.02
Valuation Significantly Overvalued
! 15 Warning Signs
View Full Analysis

What is Capital Power Cyclically Adjusted PS Ratio?

Capital Power FRA:2CP -1.30% 74 Cyclically Adjusted PS Ratio is 3.12 as of Jul. 14, 2026, which is 32% above its 10-year median of 2.36. GuruFocus rates FRA:2CP with a GF Score™ of 74/100 and a GF Value™ of €25.02 (Significantly Overvalued). The stock has 15 warning signs investors should review. Among 269 Utilities - Independent Power Producers companies, Capital Power ranks worse than 69.14% on this metric.

As of today (2026-07-14), Capital Power's current share price is €45.60. Capital Power's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €14.60. Capital Power's Cyclically Adjusted PS Ratio for today is 3.12.

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

FRA:2CP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.22   Med: 2.36   Max: 3.15
Current: 3.08

During the past years, Capital Power's highest Cyclically Adjusted PS Ratio was 3.15. The lowest was 1.22. And the median was 2.36.

FRA:2CP's Cyclically Adjusted PS Ratio is ranked worse than
69.14% of 269 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.65 vs FRA:2CP: 3.08

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.

Capital Power's adjusted revenue per share data for the three months ended in Mar. 2026 was €4.851. 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 €14.60 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Capital Power  (FRA:2CP) 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.


Capital Power Cyclically Adjusted PS Ratio Related Terms


Capital Power Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Capital Power'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.

Capital Power Cyclically Adjusted PS Ratio Chart

Capital Power 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 2.41 2.57 1.84 2.90 2.52

Capital Power 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 2.13 2.41 2.84 2.52 2.75

FRA:2CP vs CEG, VST, NRG: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Independent Power Producers subindustry, Capital Power'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.


Capital Power Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Capital Power's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:2CP
74GF Score
Capital Power Corp FRA:2CP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Capital Power 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.

Capital Power's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=45.60/14.60
=3.12

* 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.

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

For example, Capital Power'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)
=4.851/132.2623*132.2623
=4.851

Current CPI (Mar. 2026) = 132.2623.

Capital Power Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.622 102.002 2.103
201609 2.641 101.765 3.432
201612 2.066 101.449 2.694
201703 2.441 102.634 3.146
201706 1.367 103.029 1.755
201709 2.262 103.345 2.895
201712 1.651 103.345 2.113
201803 1.884 105.004 2.373
201806 2.326 105.557 2.914
201809 2.527 105.636 3.164
201812 2.164 105.399 2.716
201903 2.563 106.979 3.169
201906 2.337 107.690 2.870
201909 3.330 107.611 4.093
201912 4.317 107.769 5.298
202003 3.278 107.927 4.017
202006 2.705 108.401 3.300
202009 2.755 108.164 3.369
202012 3.115 108.559 3.795
202103 3.444 110.298 4.130
202106 2.379 111.720 2.816
202109 2.174 112.905 2.547
202112 3.978 113.774 4.624
202203 3.075 117.646 3.457
202206 4.497 120.806 4.923
202209 5.068 120.648 5.556
202212 5.497 120.964 6.010
202303 7.369 122.702 7.943
202306 5.211 124.203 5.549
202309 6.786 125.230 7.167
202312 5.714 125.072 6.042
202403 6.138 126.258 6.430
202406 4.043 127.522 4.193
202409 5.248 127.285 5.453
202412 4.309 127.364 4.475
202503 4.563 129.181 4.672
202506 1.850 129.892 1.884
202509 4.796 130.287 4.869
202512 4.270 130.366 4.332
202603 4.851 132.262 4.851

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 3.12 mean?
Capital Power (FRA:2CP) has a Cyclically Adjusted PS Ratio of 3.12 as of Jul. 14, 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 Capital Power and its competitors. This is 32% above median its historical median of 2.36. Over the past decade, Capital Power's Cyclically Adjusted PS Ratio has ranged from 1.22 to 3.15. According to the industry distribution chart, Capital Power ranks #186 out of 269 companies in the Utilities - Independent Power Producers industry, placing it in the top 69.1%.
Is Capital Power's Cyclically Adjusted PS Ratio too high?
Capital Power's current Cyclically Adjusted PS Ratio of 3.12 is 32% above median its 10-year median of 2.36. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 3.15. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.65. Capital Power's value of 3.12 is 89.1% above this industry median. Based on the distribution chart, Capital Power ranks #186 out of 269 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Capital Power has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Power's Cyclically Adjusted PS Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Capital Power ranks #186 out of 269 companies for Cyclically Adjusted PS Ratio. This places Capital Power in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.65. Capital Power's value of 3.12 is 89.1% above this benchmark. Historically, Capital Power's own Cyclically Adjusted PS Ratio has ranged from 1.22 to 3.15 over the past decade. While the company's 10-year median is 2.36 vs. the industry median of 1.65, Capital Power 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 Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.65, based on 269 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. Capital Power's current Cyclically Adjusted PS Ratio of 3.12 is 89.1% 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 Capital Power and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Power's current Cyclically Adjusted PS Ratio is 3.12, which is 32% above median its own 10-year median of 2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Power stock overvalued right now?
Based on GuruFocus' analysis, Capital Power (FRA:2CP) is currently considered Significantly Overvalued. The stock's GF Value™ is €25.02, compared to a current price of €45.60 — trading 82.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.12, which is 32% above median its 10-year median of 2.36 and 89.1% above the Utilities - Independent Power Producers industry median of 1.65. Capital Power's overall GF Score™ is 74/100 with 15 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 Capital Power (FRA:2CP), the current Cyclically Adjusted PS Ratio is 3.12 as of Jul. 14, 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 Capital Power (FRA:2CP) Overvalued in 2026?

Based on GuruFocus' analysis, Capital Power stock appears to be overvalued. The current stock price of €45.60 is trading 82.3% above its estimated GF Value™ of €25.02. GuruFocus considers Capital Power to be Significantly Overvalued.

Key valuation signals for FRA:2CP:

  • Cyclically Adjusted PS Ratio: 3.12 (32% above median its 10-year median of 2.36)
  • GF Value™: €25.02 vs. price of €45.60 (82.3% above fair value)
  • GF Score™: 74/100 with 15 warning signs
  • Industry Position: 89.1% above the Utilities - Independent Power Producers median (#186 of 269)

No single metric tells the full story. See the FRA:2CP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Capital Power Business Description

Address 10423 101 Street NW, Suite 1200, Edmonton, AB, CAN, T5H 0E9
Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S. Capital Power's natural gas and coal facilities, specifically its Genesee and Shepard sites, account for its electric capacity and cash flow production. The company generates the vast majority of its revenue from sale of electricity and natural gas. The company's customers include a variety of industrial and commercial consumers, independent transmission system operators, and government-owned entities.
74GF Score

Get the complete analysis for FRA:2CP

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

€45.60
Price
€25.02
GF Value