Stifel Financial (FRA:2SI) Cyclically Adjusted PS Ratio: 3.00 (As of Jul. 24, 2026) — 46% Above 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:2SI Stifel Financial Corp FRA:2SI
80 GF Score
Price €68.00
GF Value €65.45
! 1 Warning Sign
View Full Analysis

What is Stifel Financial Cyclically Adjusted PS Ratio?

Stifel Financial FRA:2SI +0.74% 80 Cyclically Adjusted PS Ratio is 3.00 as of Jul. 24, 2026, which is 46% above its 10-year median of 2.05. GuruFocus rates FRA:2SI with a GF Score™ of 80/100 and a GF Value™ of €65.45. The stock has 1 warning sign investors should review. Among 605 Capital Markets companies, Stifel Financial ranks better than 53.22% on this metric.

As of today (2026-07-24), Stifel Financial's current share price is €68.00. Stifel Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €22.63. Stifel Financial's Cyclically Adjusted PS Ratio for today is 3.00.

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

FRA:2SI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.06   Med: 2.05   Max: 4.26
Current: 2.95

During the past years, Stifel Financial's highest Cyclically Adjusted PS Ratio was 4.26. The lowest was 1.06. And the median was 2.05.

FRA:2SI's Cyclically Adjusted PS Ratio is ranked better than
53.22% of 605 companies
in the Capital Markets industry
Industry Median: 3.31 vs FRA:2SI: 2.95

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.

Stifel Financial's adjusted revenue per share data for the three months ended in Mar. 2026 was €7.823. 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 €22.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stifel Financial  (FRA:2SI) 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.


Stifel Financial Cyclically Adjusted PS Ratio Related Terms


Stifel Financial Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Stifel Financial'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.

Stifel Financial Cyclically Adjusted PS Ratio Chart

Stifel Financial 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 2.60 1.92 2.10 2.96 3.20

Stifel Financial 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 2.76 2.95 3.20 2.74 0.00

FRA:2SI vs SNEX, RIOT, JEF: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, Stifel Financial'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.


Stifel Financial Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Stifel Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:2SI
80GF Score
Stifel Financial Corp FRA:2SI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Stifel Financial 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.

Stifel Financial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=68.00/22.63
=3.00

* 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.

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

For example, Stifel Financial'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)
=7.823/330.2130*330.2130
=7.823

Current CPI (Mar. 2026) = 330.2130.

Stifel Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.332 241.018 4.565
201609 3.223 241.428 4.408
201612 3.415 241.432 4.671
201703 3.424 243.801 4.638
201706 3.531 244.955 4.760
201709 3.273 246.819 4.379
201712 3.613 246.524 4.840
201803 3.266 249.554 4.322
201806 3.428 251.989 4.492
201809 3.398 252.439 4.445
201812 3.772 251.233 4.958
201903 3.771 254.202 4.899
201906 3.928 256.143 5.064
201909 4.188 256.759 5.386
201912 4.792 256.974 6.158
202003 4.667 258.115 5.971
202006 4.558 257.797 5.838
202009 4.227 260.280 5.363
202012 5.118 260.474 6.488
202103 5.317 264.877 6.629
202106 5.253 271.696 6.384
202109 5.316 274.310 6.399
202112 6.673 278.802 7.903
202203 5.640 287.504 6.478
202206 5.872 296.311 6.544
202209 5.926 296.808 6.593
202212 5.951 296.797 6.621
202303 5.895 301.836 6.449
202306 5.602 305.109 6.063
202309 5.688 307.789 6.102
202312 6.212 306.746 6.687
202403 6.398 312.332 6.764
202406 6.759 314.175 7.104
202409 6.540 315.301 6.849
202412 7.628 315.605 7.981
202503 6.904 319.799 7.129
202506 6.729 322.561 6.889
202509 7.295 324.800 7.417
202512 7.959 324.054 8.110
202603 7.823 330.213 7.823

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 3.00 mean?
Stifel Financial (FRA:2SI) has a Cyclically Adjusted PS Ratio of 3.00 as of Jul. 24, 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 Stifel Financial and its competitors. This is 46% above median its historical median of 2.05. Over the past decade, Stifel Financial's Cyclically Adjusted PS Ratio has ranged from 1.06 to 4.26. According to the industry distribution chart, Stifel Financial ranks #283 out of 605 companies in the Capital Markets industry, placing it in the top 46.8%.
Is Stifel Financial's Cyclically Adjusted PS Ratio too high?
Stifel Financial's current Cyclically Adjusted PS Ratio of 3.00 is 46% above median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 4.26. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.31. Stifel Financial's value of 3.00 is 9.4% below this industry median. Based on the distribution chart, Stifel Financial ranks #283 out of 605 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Stifel Financial has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Stifel Financial's Cyclically Adjusted PS Ratio compare to SNEX and RIOT?
According to the Capital Markets industry distribution chart, Stifel Financial ranks #283 out of 605 companies for Cyclically Adjusted PS Ratio. This puts Stifel Financial in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.31. Stifel Financial's value of 3.00 is 9.4% below this benchmark. Historically, Stifel Financial's own Cyclically Adjusted PS Ratio has ranged from 1.06 to 4.26 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 3.31, Stifel Financial 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 a Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.31, based on 605 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. Stifel Financial's current Cyclically Adjusted PS Ratio of 3.00 is 9.4% 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 Stifel Financial and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stifel Financial's current Cyclically Adjusted PS Ratio is 3.00, which is 46% above median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stifel Financial stock overvalued right now?
Stifel Financial (FRA:2SI) has a current Cyclically Adjusted PS Ratio of 3.00. The stock's GF Value™ is €65.45, compared to a current price of €68.00 — trading 3.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.00, which is 46% above median its 10-year median of 2.05 and 9.4% below the Capital Markets industry median of 3.31. Stifel Financial's overall GF Score™ is 80/100 with 1 warning sign 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 Stifel Financial (FRA:2SI), the current Cyclically Adjusted PS Ratio is 3.00 as of Jul. 24, 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 Stifel Financial (FRA:2SI) Overvalued in 2026?

Based on GuruFocus' analysis, Stifel Financial stock appears to be overvalued. The current stock price of €68.00 is trading 3.9% above its estimated GF Value™ of €65.45.

Key valuation signals for FRA:2SI:

  • Cyclically Adjusted PS Ratio: 3.00 (46% above median its 10-year median of 2.05)
  • GF Value™: €65.45 vs. price of €68.00 (3.9% above fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 9.4% below the Capital Markets median (#283 of 605)

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


Stifel Financial Business Description

Address 501 North Broadway, One Financial Plaza, Saint Louis, MO, USA, 63102-2188
Stifel Financial is a diversified financial-services provider that generates revenue from wealth management, investment banking, and lending. The firm was founded in 1890 as a St. Louis-based full-service brokerage but has been transformed under CEO Ronald Kruszewski through a slew of acquisitions into a globally competitive wealth manager, investment bank, and retail and institutional brokerage. The firm generated $5.5 billion in revenue in 2025, with roughly two-thirds derived from wealth management and one-third derived from trading and investment banking.
80GF Score

Get the complete analysis for FRA:2SI

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

€68.00
Price
€65.45
GF Value