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Associated Capital GroupFRA:41J +0.70%50 Cyclically Adjusted PS Ratio is 28.60 as of Sep. 10, 2026, which is 11% below its 10-year median of 31.98. GuruFocus rates FRA:41J with a GF Score™ of 50/100 and a GF Value™ of €64.69. The stock has 4 warning signs investors should review. Among 921 Asset Management companies, Associated Capital Group ranks worse than 94.03% on this metric.
The historical rank and industry rank for Associated Capital Group's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:41J'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 26.24 Med: 31.98 Max: 38.48
Current: 29.63
During the past years, Associated Capital Group's highest Cyclically Adjusted PS Ratio was 38.48. The lowest was 26.24. And the median was 31.98.
FRA:41J's Cyclically Adjusted PS Ratio is ranked worse than 94.03% of 921
companies
in the Asset Management industry
Industry Median: 7.89
vs FRA:41J: 29.63
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.
Associated Capital Group's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.105. 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 €1.00 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Associated Capital Group (FRA:41J) 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.
Associated Capital Group Cyclically Adjusted PS Ratio Related Terms
Associated Capital Group Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Associated Capital Group'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.
Associated Capital Group Cyclically Adjusted PS Ratio Chart
FRA:41J vs PFN, TIPT, IGR: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, Associated Capital Group'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.
Associated Capital Group Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Associated Capital Group's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Associated Capital Group's Cyclically Adjusted PS Ratio falls into.
Associated Capital Group 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.
* 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 28.60 mean?
Associated Capital Group (FRA:41J) has a Cyclically Adjusted PS Ratio of 28.60 as of Sep. 10, 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 Associated Capital Group and its competitors. This is 11% below median its historical median of 31.98. Over the past decade, Associated Capital Group's Cyclically Adjusted PS Ratio has ranged from 26.24 to 38.48. According to the industry distribution chart, Associated Capital Group ranks #866 out of 921 companies in the Asset Management industry, placing it in the top 94%.
Is Associated Capital Group's Cyclically Adjusted PS Ratio too high?
Associated Capital Group's current Cyclically Adjusted PS Ratio of 28.60 is 11% below median its 10-year median of 31.98. Over the past 10 years, this metric has ranged from a low of 26.24 to a high of 38.48. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.89. Associated Capital Group's value of 28.60 is 262.5% above this industry median. Based on the distribution chart, Associated Capital Group ranks #866 out of 921 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Associated Capital Group has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Associated Capital Group's Cyclically Adjusted PS Ratio compare to PFN and TIPT?
According to the Asset Management industry distribution chart, Associated Capital Group ranks #866 out of 921 companies for Cyclically Adjusted PS Ratio. This places Associated Capital Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.89. Associated Capital Group's value of 28.60 is 262.5% above this benchmark. Historically, Associated Capital Group's own Cyclically Adjusted PS Ratio has ranged from 26.24 to 38.48 over the past decade. While the company's 10-year median is 31.98 vs. the industry median of 7.89, Associated Capital Group 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 an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.89, based on 921 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. Associated Capital Group's current Cyclically Adjusted PS Ratio of 28.60 is 262.5% 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 Associated Capital Group and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Capital Group's current Cyclically Adjusted PS Ratio is 28.60, which is 11% below median its own 10-year median of 31.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Capital Group stock overvalued right now?
Associated Capital Group (FRA:41J) has a current Cyclically Adjusted PS Ratio of 28.60. The stock's GF Value™ is €64.69, compared to a current price of €28.60 — trading 55.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 28.60, which is 11% below median its 10-year median of 31.98 and 262.5% above the Asset Management industry median of 7.89. Associated Capital Group's overall GF Score™ is 50/100 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 Associated Capital Group (FRA:41J), the current Cyclically Adjusted PS Ratio is 28.60 as of Sep. 10, 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 Associated Capital Group (FRA:41J) Overvalued in 2026?
Based on GuruFocus' analysis, Associated Capital Group stock appears to be undervalued.
The current stock price of €28.60 is trading 55.8% below its estimated GF Value™ of €64.69.
Key valuation signals for FRA:41J:
Cyclically Adjusted PS Ratio: 28.60 (11% below median its 10-year median of 31.98)
GF Value™: €64.69 vs. price of €28.60 (55.8% below fair value)
Industry Position: 262.5% above the Asset Management median (#866 of 921)
No single metric tells the full story. See the FRA:41J stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Associated Capital Group Inc is a diversified financial services company. It operates in the business of alternative investment management, institutional research services, and cash and other assets through subsidiaries. The company principally manages assets across a range of risk and event arbitrage portfolios and in equity event-driven value strategies. The business earns management and incentive fees from its advisory activities. It manages assets on a discretionary basis and invests in a variety of U.S. and foreign securities, mainly in the developed global markets. The firm serves a wide variety of investors globally, including private wealth management clients, corporations, corporate pension and profit-sharing plans, foundations and endowments.
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