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poLight ASAFRA:3OL0 -1.43%45 Cyclically Adjusted PS Ratio is 124.20 as of Sep. 08, 2026, which is 59% above its 10-year median of 78.27. GuruFocus rates FRA:3OL0 with a GF Score™ of 45/100 and a GF Value™ of €0.48 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,964 Hardware companies, poLight ASA ranks worse than 99.69% on this metric.
The historical rank and industry rank for poLight ASA's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:3OL0'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 67.6 Med: 78.27 Max: 92.24
Current: 92.24
During the past years, poLight ASA's highest Cyclically Adjusted PS Ratio was 92.24. The lowest was 67.60. And the median was 78.27.
FRA:3OL0's Cyclically Adjusted PS Ratio is ranked worse than 99.69% of 1964
companies
in the Hardware industry
Industry Median: 1.405
vs FRA:3OL0: 92.24
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.
poLight ASA's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.004. 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 €0.01 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
poLight ASA (FRA:3OL0) 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.
poLight ASA Cyclically Adjusted PS Ratio Related Terms
poLight ASA Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for poLight ASA'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.
FRA:3OL0 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison
For the Electronic Components subindustry, poLight ASA'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.
poLight ASA Cyclically Adjusted PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, poLight ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where poLight ASA's Cyclically Adjusted PS Ratio falls into.
poLight ASA 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.
poLight ASA's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 124.20 mean?
poLight ASA (FRA:3OL0) has a Cyclically Adjusted PS Ratio of 124.20 as of Sep. 08, 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 poLight ASA and its competitors. This is 59% above median its historical median of 78.27. Over the past decade, poLight ASA's Cyclically Adjusted PS Ratio has ranged from 67.60 to 92.24. According to the industry distribution chart, poLight ASA ranks #1958 out of 1964 companies in the Hardware industry, placing it in the top 99.7%.
Is poLight ASA's Cyclically Adjusted PS Ratio too high?
poLight ASA's current Cyclically Adjusted PS Ratio of 124.20 is 59% above median its 10-year median of 78.27. Over the past 10 years, this metric has ranged from a low of 67.60 to a high of 92.24. The Hardware industry median Cyclically Adjusted PS Ratio is 1.41. poLight ASA's value of 124.20 is 8739.9% above this industry median. Based on the distribution chart, poLight ASA ranks #1958 out of 1964 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, poLight ASA has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does poLight ASA's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, poLight ASA ranks #1958 out of 1964 companies for Cyclically Adjusted PS Ratio. This places poLight ASA in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. poLight ASA's value of 124.20 is 8739.9% above this benchmark. Historically, poLight ASA's own Cyclically Adjusted PS Ratio has ranged from 67.60 to 92.24 over the past decade. While the company's 10-year median is 78.27 vs. the industry median of 1.41, poLight ASA 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 a Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.41, based on 1,964 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. poLight ASA's current Cyclically Adjusted PS Ratio of 124.20 is 8739.9% 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 poLight ASA and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. poLight ASA's current Cyclically Adjusted PS Ratio is 124.20, which is 59% above median its own 10-year median of 78.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is poLight ASA stock overvalued right now?
Based on GuruFocus' analysis, poLight ASA (FRA:3OL0) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.48, compared to a current price of €1.24 — trading 158.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 124.20, which is 59% above median its 10-year median of 78.27 and 8739.9% above the Hardware industry median of 1.41. poLight ASA's overall GF Score™ is 45/100 with 4 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 poLight ASA (FRA:3OL0), the current Cyclically Adjusted PS Ratio is 124.20 as of Sep. 08, 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 poLight ASA (FRA:3OL0) Overvalued in 2026?
Based on GuruFocus' analysis, poLight ASA stock appears to be overvalued.
The current stock price of €1.24 is trading 158.8% above its estimated GF Value™ of €0.48.
GuruFocus considers poLight ASA to be Significantly Overvalued.
Key valuation signals for FRA:3OL0:
Cyclically Adjusted PS Ratio: 124.20 (59% above median its 10-year median of 78.27)
GF Value™: €0.48 vs. price of €1.24 (158.8% above fair value)
Industry Position: 8739.9% above the Hardware median (#1958 of 1964)
No single metric tells the full story. See the FRA:3OL0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
poLight ASA provides photographic lenses used in cameras for smartphones, wearables such as watches and glasses, and industrial applications including medical and retail. The company specializes in optics, polymers, micro-electromechanical systems technology, and image application and processing. Its products include Driver ASIC and TLens. The Group has only one operating segment the TLens technology platform. Its geographical segments are the United States, Asia, and Europe.
45GF Score
Get the complete analysis for FRA:3OL0
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