PAR Technology (FRA:35U) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:35U PAR Technology Corp FRA:35U
59 GF Score
Price €13.17
GF Value €44.23
Valuation Possible Value Trap
! 3 Warning Signs
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What is PAR Technology Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PAR Technology  (FRA:35U) 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.


PAR Technology Cyclically Adjusted PS Ratio Related Terms


PAR Technology Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PAR Technology'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.

PAR Technology Cyclically Adjusted PS Ratio Chart

PAR Technology 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 3.47 1.76 2.92 5.29 2.39

PAR Technology 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 4.29 2.52 2.36 0.84 1.14

FRA:35U vs SMWB, PUBM, RSKD: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, PAR Technology'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.


PAR Technology Cyclically Adjusted PS Ratio vs Software Industry

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

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


FRA:35U
59GF Score
PAR Technology Corp FRA:35U
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PAR Technology 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.

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

For example, PAR Technology'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)
=2.78/333.9520*333.9520
=2.780

Current CPI (Jun. 2026) = 333.9520.

PAR Technology Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.482 241.428 4.816
201612 3.529 241.432 4.881
201703 3.868 243.801 5.298
201706 3.497 244.955 4.768
201709 2.610 246.819 3.531
201712 2.938 246.524 3.980
201803 2.781 249.554 3.722
201806 2.702 251.989 3.581
201809 2.480 252.439 3.281
201812 2.543 251.233 3.380
201903 2.453 254.202 3.223
201906 2.417 256.143 3.151
201909 2.504 256.759 3.257
201912 2.885 256.974 3.749
202003 2.769 258.115 3.583
202006 2.274 257.797 2.946
202009 2.573 260.280 3.301
202012 2.271 260.474 2.912
202103 2.062 264.877 2.600
202106 2.246 271.696 2.761
202109 2.541 274.310 3.093
202112 2.656 278.802 3.181
202203 2.654 287.504 3.083
202206 2.959 296.311 3.335
202209 3.397 296.808 3.822
202212 3.532 296.797 3.974
202303 3.423 301.836 3.787
202306 2.335 305.109 2.556
202309 2.299 307.789 2.494
202312 2.325 306.746 2.531
202403 2.187 312.332 2.338
202406 2.134 314.175 2.268
202409 2.456 315.301 2.601
202412 2.646 315.605 2.800
202503 2.456 319.799 2.565
202506 2.447 322.561 2.533
202509 2.513 324.800 2.584
202512 2.541 324.054 2.619
202603 2.585 330.213 2.614
202606 2.780 333.952 2.780

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 PAR Technology (FRA:35U) Overvalued in 2026?

Based on GuruFocus' analysis, PAR Technology stock appears to be undervalued. The current stock price of €13.17 is trading 70.2% below its estimated GF Value™ of €44.23. GuruFocus considers PAR Technology to be Possible Value Trap.

Key valuation signals for FRA:35U:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €44.23 vs. price of €13.17 (70.2% below fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the FRA:35U stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PAR Technology Business Description

Other Exchanges PAR:USA35U:Germany
Address PAR Technology Park, 8383 Seneca Turnpike, New Hartford, NY, USA, 13413-4991
PAR Technology Corp is a foodservice technology company providing omnichannel cloud-based software and hardware solutions to the restaurant industry in three restaurant categories - quick service, fast casual, and table service - and the retail industry, including convenience and fuel retailers (C-Stores). Its product and service offerings include point-of-sale, customer engagement and loyalty, digital ordering and delivery, operational intelligence, payment processing, hardware, and related technologies, solutions, and services. The company generates revenue from subscription service, Sale of Hardware products, and Professional Service.
59GF Score

Get the complete analysis for FRA:35U

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

€13.17
Price
€44.23
GF Value