Equity Bancshares (FRA:44X) Cyclically Adjusted PS Ratio: 4.13 (As of Jul. 27, 2026) — 13% Above Median

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FRA:44X Equity Bancshares Inc FRA:44X
59 GF Score
Price €43.00
GF Value €41.39
! 6 Warning Signs
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What is Equity Bancshares Cyclically Adjusted PS Ratio?

Equity Bancshares FRA:44X +0.47% 59 Cyclically Adjusted PS Ratio is 4.13 as of Jul. 27, 2026, which is 13% above its 10-year median of 3.66. GuruFocus rates FRA:44X with a GF Score™ of 59/100 and a GF Value™ of €41.39. The stock has 6 warning signs investors should review. Among 1,302 Banks companies, Equity Bancshares ranks worse than 65.67% on this metric.

As of today (2026-07-27), Equity Bancshares's current share price is €43.00. Equity Bancshares's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €10.40. Equity Bancshares's Cyclically Adjusted PS Ratio for today is 4.13.

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

FRA:44X' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.94   Med: 3.66   Max: 4.37
Current: 4.16

During the past years, Equity Bancshares's highest Cyclically Adjusted PS Ratio was 4.37. The lowest was 2.94. And the median was 3.66.

FRA:44X's Cyclically Adjusted PS Ratio is ranked worse than
65.67% of 1302 companies
in the Banks industry
Industry Median: 3.41 vs FRA:44X: 4.16

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.

Equity Bancshares's adjusted revenue per share data for the three months ended in Mar. 2026 was €3.340. 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 €10.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equity Bancshares  (FRA:44X) 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.


Equity Bancshares Cyclically Adjusted PS Ratio Related Terms


Equity Bancshares Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Equity Bancshares'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.

Equity Bancshares Cyclically Adjusted PS Ratio Chart

Equity Bancshares 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 3.73 3.81

Equity Bancshares 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 3.47 3.49 3.81 3.67 0.00

FRA:44X vs ESQ, HBNC, CCNE: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Equity Bancshares'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.


Equity Bancshares Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Equity Bancshares's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:44X
59GF Score
Equity Bancshares Inc FRA:44X
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Equity Bancshares 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.

Equity Bancshares's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=43.00/10.40
=4.13

* 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.

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

For example, Equity Bancshares'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)
=3.34/330.2130*330.2130
=3.340

Current CPI (Mar. 2026) = 330.2130.

Equity Bancshares Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.530 241.018 2.096
201609 1.514 241.428 2.071
201612 1.711 241.432 2.340
201703 1.768 243.801 2.395
201706 1.763 244.955 2.377
201709 1.608 246.819 2.151
201712 1.699 246.524 2.276
201803 1.710 249.554 2.263
201806 1.912 251.989 2.506
201809 1.978 252.439 2.587
201812 2.108 251.233 2.771
201903 1.976 254.202 2.567
201906 2.062 256.143 2.658
201909 2.164 256.759 2.783
201912 2.208 256.974 2.837
202003 2.132 258.115 2.728
202006 2.200 257.797 2.818
202009 2.147 260.280 2.724
202012 2.309 260.474 2.927
202103 2.158 264.877 2.690
202106 2.399 271.696 2.916
202109 2.673 274.310 3.218
202112 2.353 278.802 2.787
202203 2.565 287.504 2.946
202206 2.781 296.311 3.099
202209 3.152 296.808 3.507
202212 2.754 296.797 3.064
202303 2.774 301.836 3.035
202306 2.686 305.109 2.907
202309 2.970 307.789 3.186
202312 -0.269 306.746 -0.290
202403 3.001 312.332 3.173
202406 3.241 314.175 3.406
202409 3.138 315.301 3.286
202412 3.377 315.605 3.533
202503 3.142 319.799 3.244
202506 2.827 322.561 2.894
202509 0.761 324.800 0.774
202512 3.213 324.054 3.274
202603 3.340 330.213 3.340

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 4.13 mean?
Equity Bancshares (FRA:44X) has a Cyclically Adjusted PS Ratio of 4.13 as of Jul. 27, 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 Equity Bancshares and its competitors. This is 13% above median its historical median of 3.66. Over the past decade, Equity Bancshares' Cyclically Adjusted PS Ratio has ranged from 2.94 to 4.37. According to the industry distribution chart, Equity Bancshares ranks #855 out of 1302 companies in the Banks industry, placing it in the top 65.7%.
Is Equity Bancshares' Cyclically Adjusted PS Ratio too high?
Equity Bancshares' current Cyclically Adjusted PS Ratio of 4.13 is 13% above median its 10-year median of 3.66. Over the past 10 years, this metric has ranged from a low of 2.94 to a high of 4.37. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Equity Bancshares' value of 4.13 is 21.1% above this industry median. Based on the distribution chart, Equity Bancshares ranks #855 out of 1302 companies in the Banks industry, which is below the industry midpoint. Overall, Equity Bancshares has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Equity Bancshares' Cyclically Adjusted PS Ratio compare to ESQ and HBNC?
According to the Banks industry distribution chart, Equity Bancshares ranks #855 out of 1302 companies for Cyclically Adjusted PS Ratio. This places Equity Bancshares in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. Equity Bancshares' value of 4.13 is 21.1% above this benchmark. Historically, Equity Bancshares' own Cyclically Adjusted PS Ratio has ranged from 2.94 to 4.37 over the past decade. While the company's 10-year median is 3.66 vs. the industry median of 3.41, Equity Bancshares 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.41, based on 1,302 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. Equity Bancshares's current Cyclically Adjusted PS Ratio of 4.13 is 21.1% 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 Equity Bancshares and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Equity Bancshares's current Cyclically Adjusted PS Ratio is 4.13, which is 13% above median its own 10-year median of 3.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Equity Bancshares stock overvalued right now?
Equity Bancshares (FRA:44X) has a current Cyclically Adjusted PS Ratio of 4.13. The stock's GF Value™ is €41.39, compared to a current price of €43.00 — trading 3.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.13, which is 13% above median its 10-year median of 3.66 and 21.1% above the Banks industry median of 3.41. Equity Bancshares' overall GF Score™ is 59/100 with 6 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 Equity Bancshares (FRA:44X), the current Cyclically Adjusted PS Ratio is 4.13 as of Jul. 27, 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 Equity Bancshares (FRA:44X) Overvalued in 2026?

Based on GuruFocus' analysis, Equity Bancshares stock appears to be overvalued. The current stock price of €43.00 is trading 3.9% above its estimated GF Value™ of €41.39.

Key valuation signals for FRA:44X:

  • Cyclically Adjusted PS Ratio: 4.13 (13% above median its 10-year median of 3.66)
  • GF Value™: €41.39 vs. price of €43.00 (3.9% above fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 21.1% above the Banks median (#855 of 1302)

No single metric tells the full story. See the FRA:44X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Equity Bancshares Business Description

Other Exchanges EQBK:USA
Address 7701 East Kellogg Drive, Suite 300, Wichita, KS, USA, 67207
Equity Bancshares Inc is a bank holding company. It provides a broad range of financial services to businesses and business owners as well as individuals through network of nearly 77 branches located in Arkansas, Kansas, Missouri and Oklahoma. The majority of the Company's revenues come from interest income on financial instruments, including loans, leases, securities and derivatives. The company also earns revenue from Non-interest income which includes Service charges and fees, Debit card income, Investment Referral Income, Trust Income and Insurance Sales Commissions.
59GF Score

Get the complete analysis for FRA:44X

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

€43.00
Price
€41.39
GF Value