PaySign (FRA:2ZE) Cyclically Adjusted PS Ratio: (As of Aug. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:2ZE PaySign Inc FRA:2ZE
50 GF Score
Price €11.44
GF Value €5.69
Valuation Significantly Overvalued
! 9 Warning Signs
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What is PaySign Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


PaySign  (FRA:2ZE) 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.


PaySign Cyclically Adjusted PS Ratio Related Terms


PaySign Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PaySign'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.

PaySign Cyclically Adjusted PS Ratio Chart

PaySign 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 4.15 5.60 5.13 4.78 6.77

PaySign 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 10.30 8.59 6.77 7.25 9.51

FRA:2ZE vs : Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, PaySign'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.


PaySign Cyclically Adjusted PS Ratio vs Software Industry

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

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


FRA:2ZE
50GF Score
PaySign Inc FRA:2ZE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PaySign 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.

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

For example, PaySign'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)
=0.396/333.9520*333.9520
=0.396

Current CPI (Jun. 2026) = 333.9520.

PaySign Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.058 241.428 0.080
201612 0.062 241.432 0.086
201703 0.068 243.801 0.093
201706 0.069 244.955 0.094
201709 0.075 246.819 0.101
201712 0.066 246.524 0.089
201803 0.075 249.554 0.100
201806 0.090 251.989 0.119
201809 0.105 252.439 0.139
201812 0.116 251.233 0.154
201903 0.118 254.202 0.155
201906 0.139 256.143 0.181
201909 0.151 256.759 0.196
201912 0.161 256.974 0.209
202003 0.175 258.115 0.226
202006 0.117 257.797 0.152
202009 -0.003 260.280 -0.004
202012 0.119 260.474 0.153
202103 0.105 264.877 0.132
202106 0.109 271.696 0.134
202109 0.129 274.310 0.157
202112 0.150 278.802 0.180
202203 0.144 287.504 0.167
202206 0.156 296.311 0.176
202209 0.201 296.808 0.226
202212 0.187 296.797 0.210
202303 0.181 301.836 0.200
202306 0.195 305.109 0.213
202309 0.217 307.789 0.235
202312 0.233 306.746 0.254
202403 0.222 312.332 0.237
202406 0.238 314.175 0.253
202409 0.245 315.301 0.259
202412 0.268 315.605 0.284
202503 0.312 319.799 0.326
202506 0.286 322.561 0.296
202509 0.298 324.800 0.306
202512 0.315 324.054 0.325
202603 0.397 330.213 0.401
202606 0.396 333.952 0.396

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.

Is PaySign (FRA:2ZE) Overvalued in 2026?

Based on GuruFocus' analysis, PaySign stock appears to be overvalued. The current stock price of €11.44 is trading 101.1% above its estimated GF Value™ of €5.69. GuruFocus considers PaySign to be Significantly Overvalued.

Key valuation signals for FRA:2ZE:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €5.69 vs. price of €11.44 (101.1% above fair value)
  • GF Score™: 50/100 with 9 warning signs

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


PaySign Business Description

Comparable Companies
Other Exchanges PAYS:USA
Address 2615 Saint Rose Parkway, Henderson, NV, USA, 89052
PaySign Inc is a provider of prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing designed for businesses, consumers, and government institutions. The Company creates customized payment solutions for clients across industries, including pharmaceutical, healthcare, hospitality, and retail. The company's revenues include fees generated from cardholder fees, interchange, card program management fees, transaction claims processing fees, and settlement income.
50GF Score

Get the complete analysis for FRA:2ZE

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

€11.44
Price
€5.69
GF Value