Sangoma Technologies (FRA:54GA) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:54GA Sangoma Technologies Corp FRA:54GA
66 GF Score
Price €2.96
GF Value €3.60
! 2 Warning Signs
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What is Sangoma Technologies Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sangoma Technologies  (FRA:54GA) 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.


Sangoma Technologies Cyclically Adjusted PS Ratio Related Terms


Sangoma Technologies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sangoma Technologies'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.

Sangoma Technologies Cyclically Adjusted PS Ratio Chart

Sangoma Technologies Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.02 1.43 0.55 0.69 0.71

Sangoma Technologies 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 0.53 0.66 0.54 0.55 0.43

FRA:54GA vs MSFT, PLTR, ORCL: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Sangoma Technologies'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.


Sangoma Technologies Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Sangoma Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:54GA
66GF Score
Sangoma Technologies Corp FRA:54GA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sangoma Technologies 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.

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

For example, Sangoma Technologies'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)
=1.315/132.2623*132.2623
=1.315

Current CPI (Mar. 2026) = 132.2623.

Sangoma Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.903 102.002 1.171
201609 0.848 101.765 1.102
201612 0.962 101.449 1.254
201703 0.978 102.634 1.260
201706 1.117 103.029 1.434
201709 1.541 103.345 1.972
201712 1.493 103.345 1.911
201803 1.459 105.004 1.838
201806 1.681 105.557 2.106
201809 2.032 105.636 2.544
201812 2.637 105.399 3.309
201903 2.397 106.979 2.963
201906 2.575 107.690 3.163
201909 1.950 107.611 2.397
201912 2.137 107.769 2.623
202003 2.229 107.927 2.732
202006 2.124 108.401 2.592
202009 1.554 108.164 1.900
202012 1.409 108.559 1.717
202103 1.460 110.298 1.751
202106 2.186 111.720 2.588
202109 2.340 112.905 2.741
202112 1.467 113.774 1.705
202203 1.496 117.646 1.682
202206 1.765 120.806 1.932
202209 1.930 120.648 2.116
202212 1.872 120.964 2.047
202303 1.880 122.702 2.026
202306 1.771 124.203 1.886
202309 1.749 125.230 1.847
202312 1.747 125.072 1.847
202403 1.696 126.258 1.777
202406 1.707 127.522 1.770
202409 1.639 127.285 1.703
202412 1.658 127.364 1.722
202503 1.650 129.181 1.689
202506 1.516 129.892 1.544
202509 1.308 130.287 1.328
202512 1.335 130.366 1.354
202603 1.315 132.262 1.315

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.

Is Sangoma Technologies (FRA:54GA) Overvalued in 2026?

Based on GuruFocus' analysis, Sangoma Technologies stock appears to be undervalued. The current stock price of €2.96 is trading 17.8% below its estimated GF Value™ of €3.60.

Key valuation signals for FRA:54GA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €3.60 vs. price of €2.96 (17.8% below fair value)
  • GF Score™: 66/100 with 2 warning signs

No single metric tells the full story. See the FRA:54GA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sangoma Technologies Business Description

Other Exchanges SANG:USASTC:Canada
Address 333 Bay Street, Bay-Adelaide Centre, Suite 3400, Toronto, ON, CAN, M5H 2S7
Sangoma Technologies Corp is a provider of hardware and software components that enable or enhance Internet Protocol Communications Systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications. Its product includes data and telecom boards for media and signal processing, as well as gateway appliances and software. The Company sells into two geographic centers: USA and Other countries. Key revenue is generated from USA.
66GF Score

Get the complete analysis for FRA:54GA

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

€2.96
Price
€3.60
GF Value