Nanexa AB (FRA:40M) Cyclically Adjusted PS Ratio: 31.20 (As of Jul. 22, 2026) — 105% 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:40M Nanexa AB FRA:40M
53 GF Score
Price €0.31
GF Value €0.17
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nanexa AB Cyclically Adjusted PS Ratio?

Nanexa AB FRA:40M +0.97% 53 Cyclically Adjusted PS Ratio is 31.20 as of Jul. 22, 2026, which is 105% above its 10-year median of 15.21. GuruFocus rates FRA:40M with a GF Score™ of 53/100 and a GF Value™ of €0.17 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 751 Drug Manufacturers companies, Nanexa AB ranks worse than 97.87% on this metric.

As of today (2026-07-22), Nanexa AB's current share price is €0.312. Nanexa AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.01. Nanexa AB's Cyclically Adjusted PS Ratio for today is 31.20.

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

FRA:40M' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.87   Med: 15.21   Max: 30.04
Current: 24.53

During the past years, Nanexa AB's highest Cyclically Adjusted PS Ratio was 30.04. The lowest was 5.87. And the median was 15.21.

FRA:40M's Cyclically Adjusted PS Ratio is ranked worse than
97.87% of 751 companies
in the Drug Manufacturers industry
Industry Median: 1.99 vs FRA:40M: 24.53

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.

Nanexa AB's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.001. 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 Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nanexa AB  (FRA:40M) 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.


Nanexa AB Cyclically Adjusted PS Ratio Related Terms


Nanexa AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nanexa AB'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.

Nanexa AB Cyclically Adjusted PS Ratio Chart

Nanexa AB 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 0.00 0.00 0.00 14.72 28.99

Nanexa AB 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 7.66 14.43 15.95 28.99 25.19

FRA:40M vs ZTS, UTHR: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Nanexa AB'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.


Nanexa AB Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Nanexa AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:40M
53GF Score
Nanexa AB FRA:40M
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nanexa AB 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.

Nanexa AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.312/0.01
=31.20

* 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.

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

For example, Nanexa AB'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)
=0.001/133.5600*133.5600
=0.001

Current CPI (Mar. 2026) = 133.5600.

Nanexa AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.003 101.019 0.004
201609 0.001 101.138 0.001
201612 0.000 102.022 0.000
201703 0.000 102.022 0.000
201706 0.000 102.752 0.000
201709 0.001 103.279 0.001
201712 0.000 103.793 0.000
201803 0.001 103.962 0.001
201806 0.000 104.875 0.000
201809 0.001 105.679 0.001
201812 0.001 105.912 0.001
201903 0.001 105.886 0.001
201906 0.004 106.742 0.005
201909 0.001 107.214 0.001
201912 0.004 107.766 0.005
202003 0.006 106.563 0.008
202006 0.000 107.498 0.000
202009 0.002 107.635 0.002
202012 0.002 108.296 0.002
202103 0.002 108.360 0.002
202106 0.001 108.928 0.001
202109 0.002 110.338 0.002
202112 0.001 112.486 0.001
202203 0.001 114.825 0.001
202206 0.000 118.384 0.000
202209 0.003 122.296 0.003
202212 0.001 126.365 0.001
202303 0.012 127.042 0.013
202306 0.010 129.407 0.010
202309 0.009 130.224 0.009
202312 0.006 131.912 0.006
202403 0.005 132.205 0.005
202406 0.004 132.716 0.004
202409 0.004 132.304 0.004
202412 0.003 132.987 0.003
202503 0.002 132.825 0.002
202506 0.001 133.699 0.001
202509 0.000 133.480 0.000
202512 0.017 133.390 0.017
202603 0.001 133.560 0.001

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 31.20 mean?
Nanexa AB (FRA:40M) has a Cyclically Adjusted PS Ratio of 31.20 as of Jul. 22, 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 Nanexa AB and its competitors. This is 105% above median its historical median of 15.21. Over the past decade, Nanexa AB's Cyclically Adjusted PS Ratio has ranged from 5.87 to 30.04. According to the industry distribution chart, Nanexa AB ranks #735 out of 751 companies in the Drug Manufacturers industry, placing it in the top 97.9%.
Is Nanexa AB's Cyclically Adjusted PS Ratio too high?
Nanexa AB's current Cyclically Adjusted PS Ratio of 31.20 is 105% above median its 10-year median of 15.21. Over the past 10 years, this metric has ranged from a low of 5.87 to a high of 30.04. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 1.99. Nanexa AB's value of 31.20 is 1467.8% above this industry median. Based on the distribution chart, Nanexa AB ranks #735 out of 751 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Nanexa AB has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nanexa AB's Cyclically Adjusted PS Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Nanexa AB ranks #735 out of 751 companies for Cyclically Adjusted PS Ratio. This places Nanexa AB in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.99. Nanexa AB's value of 31.20 is 1467.8% above this benchmark. Historically, Nanexa AB's own Cyclically Adjusted PS Ratio has ranged from 5.87 to 30.04 over the past decade. While the company's 10-year median is 15.21 vs. the industry median of 1.99, Nanexa AB 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 1.99, based on 751 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. Nanexa AB's current Cyclically Adjusted PS Ratio of 31.20 is 1467.8% 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 Nanexa AB and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nanexa AB's current Cyclically Adjusted PS Ratio is 31.20, which is 105% above median its own 10-year median of 15.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nanexa AB stock overvalued right now?
Based on GuruFocus' analysis, Nanexa AB (FRA:40M) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.17, compared to a current price of €0.31 — trading 83.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 31.20, which is 105% above median its 10-year median of 15.21 and 1467.8% above the Drug Manufacturers industry median of 1.99. Nanexa AB's overall GF Score™ is 53/100 with 2 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 Nanexa AB (FRA:40M), the current Cyclically Adjusted PS Ratio is 31.20 as of Jul. 22, 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 Nanexa AB (FRA:40M) Overvalued in 2026?

Based on GuruFocus' analysis, Nanexa AB stock appears to be overvalued. The current stock price of €0.31 is trading 83.5% above its estimated GF Value™ of €0.17. GuruFocus considers Nanexa AB to be Significantly Overvalued.

Key valuation signals for FRA:40M:

  • Cyclically Adjusted PS Ratio: 31.20 (105% above median its 10-year median of 15.21)
  • GF Value™: €0.17 vs. price of €0.31 (83.5% above fair value)
  • GF Score™: 53/100 with 2 warning signs
  • Industry Position: 1467.8% above the Drug Manufacturers median (#735 of 751)

No single metric tells the full story. See the FRA:40M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nanexa AB Business Description

Other Exchanges NANEXA:Sweden
Address Virdings Alle 32B, Uppsala, SWE, 75450
Nanexa AB is a pharmaceutical company developing injectable drug products based on the proprietary drug delivery system PharmaShell - the high drug load delivery system enabling the next generation long-acting injectables through atomic layer precision. The company develops its products and also has collaboration agreements with several pharma companies, among others AstraZeneca. Geographically, the company derives maximum revenue from Nordic countries, while it also has its presence in Europe (excluding the Nordic countries), North America, and Asia.
53GF Score

Get the complete analysis for FRA:40M

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

€0.31
Price
€0.17
GF Value