Surge Energy (FRA:41Z0) Cyclically Adjusted PS Ratio: 1.12 (As of Aug. 05, 2026) — 70% 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:41Z0 Surge Energy Inc FRA:41Z0
52 GF Score
Price €6.25
GF Value €4.05
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Surge Energy Cyclically Adjusted PS Ratio?

Surge Energy FRA:41Z0 +1.96% 52 Cyclically Adjusted PS Ratio is 1.12 as of Aug. 05, 2026, which is 70% above its 10-year median of 0.66. GuruFocus rates FRA:41Z0 with a GF Score™ of 52/100 and a GF Value™ of €4.05 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 708 Oil & Gas companies, Surge Energy ranks worse than 51.84% on this metric.

As of today (2026-08-05), Surge Energy's current share price is €6.25. Surge Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €5.57. Surge Energy's Cyclically Adjusted PS Ratio for today is 1.12.

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

FRA:41Z0' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.66   Max: 1.3
Current: 1.12

During the past years, Surge Energy's highest Cyclically Adjusted PS Ratio was 1.30. The lowest was 0.09. And the median was 0.66.

FRA:41Z0's Cyclically Adjusted PS Ratio is ranked worse than
51.84% of 708 companies
in the Oil & Gas industry
Industry Median: 1.055 vs FRA:41Z0: 1.12

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.

Surge Energy's adjusted revenue per share data for the three months ended in Jun. 2026 was €1.273. 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 €5.57 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Surge Energy  (FRA:41Z0) 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.


Surge Energy Cyclically Adjusted PS Ratio Related Terms


Surge Energy Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Surge Energy'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.

Surge Energy Cyclically Adjusted PS Ratio Chart

Surge Energy 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 0.31 0.69 0.58 0.62 0.77

Surge Energy 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 0.67 0.78 0.77 1.03 1.00

FRA:41Z0 vs COP, EOG, FANG: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, Surge Energy'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.


Surge Energy Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Surge Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:41Z0
52GF Score
Surge Energy Inc FRA:41Z0
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Surge Energy 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.

Surge Energy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.25/5.57
=1.12

* 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.

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

For example, Surge Energy'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)
=1.273/133.5265*133.5265
=1.273

Current CPI (Jun. 2026) = 133.5265.

Surge Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.180 101.765 1.548
201612 1.347 101.449 1.773
201703 1.420 102.634 1.847
201706 1.523 103.029 1.974
201709 1.460 103.345 1.886
201712 1.684 103.345 2.176
201803 1.582 105.004 2.012
201806 2.064 105.557 2.611
201809 2.167 105.636 2.739
201812 1.129 105.399 1.430
201903 1.788 106.979 2.232
201906 1.955 107.690 2.424
201909 1.805 107.611 2.240
201912 1.669 107.769 2.068
202003 1.085 107.927 1.342
202006 0.526 108.401 0.648
202009 0.936 108.164 1.155
202012 0.978 108.559 1.203
202103 1.367 110.298 1.655
202106 1.273 111.720 1.521
202109 1.214 112.905 1.436
202112 1.241 113.774 1.456
202203 1.471 117.646 1.670
202206 1.837 120.806 2.030
202209 1.595 120.648 1.765
202212 1.294 120.964 1.428
202303 1.130 122.702 1.230
202306 1.079 124.203 1.160
202309 1.278 125.230 1.363
202312 1.142 125.072 1.219
202403 1.086 126.258 1.149
202406 1.182 127.522 1.238
202409 1.065 127.285 1.117
202412 1.093 127.364 1.146
202503 1.037 129.181 1.072
202506 0.906 129.892 0.931
202509 0.884 130.287 0.906
202512 0.783 130.366 0.802
202603 1.021 132.262 1.031
202606 1.273 133.527 1.273

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 1.12 mean?
Surge Energy (FRA:41Z0) has a Cyclically Adjusted PS Ratio of 1.12 as of Aug. 05, 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 Surge Energy and its competitors. This is 70% above median its historical median of 0.66. Over the past decade, Surge Energy's Cyclically Adjusted PS Ratio has ranged from 0.09 to 1.30. According to the industry distribution chart, Surge Energy ranks #367 out of 708 companies in the Oil & Gas industry, placing it in the top 51.8%.
Is Surge Energy's Cyclically Adjusted PS Ratio too high?
Surge Energy's current Cyclically Adjusted PS Ratio of 1.12 is 70% above median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 1.30. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. Surge Energy's value of 1.12 is 6.2% above this industry median. Based on the distribution chart, Surge Energy ranks #367 out of 708 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Surge Energy has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surge Energy's Cyclically Adjusted PS Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Surge Energy ranks #367 out of 708 companies for Cyclically Adjusted PS Ratio. This places Surge Energy in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.06. Surge Energy's value of 1.12 is 6.2% above this benchmark. Historically, Surge Energy's own Cyclically Adjusted PS Ratio has ranged from 0.09 to 1.30 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 1.06, Surge Energy 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 Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 708 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. Surge Energy's current Cyclically Adjusted PS Ratio of 1.12 is 6.2% 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 Surge Energy and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Surge Energy's current Cyclically Adjusted PS Ratio is 1.12, which is 70% above median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surge Energy stock overvalued right now?
Based on GuruFocus' analysis, Surge Energy (FRA:41Z0) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.05, compared to a current price of €6.25 — trading 54.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.12, which is 70% above median its 10-year median of 0.66 and 6.2% above the Oil & Gas industry median of 1.06. Surge Energy's overall GF Score™ is 52/100 with 7 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 Surge Energy (FRA:41Z0), the current Cyclically Adjusted PS Ratio is 1.12 as of Aug. 05, 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 Surge Energy (FRA:41Z0) Overvalued in 2026?

Based on GuruFocus' analysis, Surge Energy stock appears to be overvalued. The current stock price of €6.25 is trading 54.3% above its estimated GF Value™ of €4.05. GuruFocus considers Surge Energy to be Significantly Overvalued.

Key valuation signals for FRA:41Z0:

  • Cyclically Adjusted PS Ratio: 1.12 (70% above median its 10-year median of 0.66)
  • GF Value™: €4.05 vs. price of €6.25 (54.3% above fair value)
  • GF Score™: 52/100 with 7 warning signs
  • Industry Position: 6.2% above the Oil & Gas median (#367 of 708)

No single metric tells the full story. See the FRA:41Z0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Surge Energy Business Description

Industry EnergyOil & Gas
Address 520 - 3rd Avenue SW, Centennial Place - East Tower, Suite 1200, Calgary, AB, CAN, T2P 0R3
Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.
52GF Score

Get the complete analysis for FRA:41Z0

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

€6.25
Price
€4.05
GF Value