CD Projekt (FRA:7CD) Cyclically Adjusted PS Ratio: 19.67 (As of Jul. 11, 2026) — 12% Below Median


FRA:7CD CD Projekt SA FRA:7CD
80 GF Score
Price €53.70
GF Value €33.58
Valuation Significantly Overvalued
! 3 Warning Signs
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What is CD Projekt Cyclically Adjusted PS Ratio?

CD Projekt FRA:7CD -0.37% 80 Cyclically Adjusted PS Ratio is 19.67 as of Jul. 11, 2026, which is 12% below its 10-year median of 22.25. GuruFocus rates FRA:7CD with a GF Score™ of 80/100 and a GF Value™ of €33.58 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 325 Interactive Media companies, CD Projekt ranks worse than 98.46% on this metric.

As of today (2026-07-11), CD Projekt's current share price is €53.70. CD Projekt's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €2.73. CD Projekt's Cyclically Adjusted PS Ratio for today is 19.67.

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

FRA:7CD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.38   Med: 22.25   Max: 108.78
Current: 19.58

During the past years, CD Projekt's highest Cyclically Adjusted PS Ratio was 108.78. The lowest was 9.38. And the median was 22.25.

FRA:7CD's Cyclically Adjusted PS Ratio is ranked worse than
98.46% of 325 companies
in the Interactive Media industry
Industry Median: 1.39 vs FRA:7CD: 19.58

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.

CD Projekt's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.433. 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 €2.73 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CD Projekt  (FRA:7CD) 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.


CD Projekt Cyclically Adjusted PS Ratio Related Terms


CD Projekt Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CD Projekt'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.

CD Projekt Cyclically Adjusted PS Ratio Chart

CD Projekt 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 27.30 14.41 10.87 16.34 21.06

CD Projekt 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 17.59 24.54 23.25 21.06 20.01

FRA:7CD vs NTES, EA, TTWO: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, CD Projekt'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.


CD Projekt Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CD Projekt's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:7CD
80GF Score
CD Projekt SA FRA:7CD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CD Projekt 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.

CD Projekt's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=53.70/2.73
=19.67

* 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.

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

For example, CD Projekt'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)
=0.433/163.0700*163.0700
=0.433

Current CPI (Mar. 2026) = 163.0700.

CD Projekt Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.550 99.552 0.901
201609 0.234 99.064 0.385
201612 0.379 100.366 0.616
201703 0.231 101.018 0.373
201706 0.368 101.180 0.593
201709 0.196 101.343 0.315
201712 0.285 102.564 0.453
201803 0.174 102.564 0.277
201806 0.209 103.378 0.330
201809 0.149 103.378 0.235
201812 0.297 103.785 0.467
201903 0.188 104.274 0.294
201906 0.297 105.983 0.457
201909 0.214 105.983 0.329
201912 0.485 107.123 0.738
202003 0.437 109.076 0.653
202006 0.386 109.402 0.575
202009 0.235 109.320 0.351
202012 3.832 109.565 5.703
202103 0.446 112.658 0.646
202106 0.622 113.960 0.890
202109 0.324 115.588 0.457
202112 0.614 119.088 0.841
202203 0.488 125.031 0.636
202206 0.371 131.705 0.459
202209 0.558 135.531 0.671
202212 0.746 139.113 0.874
202303 0.398 145.950 0.445
202306 0.345 147.009 0.383
202309 1.015 146.113 1.133
202312 1.058 147.741 1.168
202403 0.519 149.044 0.568
202406 0.453 150.997 0.489
202409 0.520 153.439 0.553
202412 0.333 154.660 0.351
202503 0.410 157.021 0.426
202506 0.599 157.509 0.620
202509 0.793 158.000 0.818
202512 0.171 158.320 0.176
202603 0.433 163.070 0.433

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 19.67 mean?
CD Projekt (FRA:7CD) has a Cyclically Adjusted PS Ratio of 19.67 as of Jul. 11, 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 CD Projekt and its competitors. This is 12% below median its historical median of 22.25. Over the past decade, CD Projekt's Cyclically Adjusted PS Ratio has ranged from 9.38 to 108.78. According to the industry distribution chart, CD Projekt ranks #320 out of 325 companies in the Interactive Media industry, placing it in the top 98.5%.
Is CD Projekt's Cyclically Adjusted PS Ratio too high?
CD Projekt's current Cyclically Adjusted PS Ratio of 19.67 is 12% below median its 10-year median of 22.25. Over the past 10 years, this metric has ranged from a low of 9.38 to a high of 108.78. The Interactive Media industry median Cyclically Adjusted PS Ratio is 1.39. CD Projekt's value of 19.67 is 1315.1% above this industry median. Based on the distribution chart, CD Projekt ranks #320 out of 325 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, CD Projekt has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CD Projekt's Cyclically Adjusted PS Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, CD Projekt ranks #320 out of 325 companies for Cyclically Adjusted PS Ratio. This places CD Projekt in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.39. CD Projekt's value of 19.67 is 1315.1% above this benchmark. Historically, CD Projekt's own Cyclically Adjusted PS Ratio has ranged from 9.38 to 108.78 over the past decade. While the company's 10-year median is 22.25 vs. the industry median of 1.39, CD Projekt 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 Interactive Media company?
The median Cyclically Adjusted PS Ratio among Interactive Media companies is 1.39, based on 325 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. CD Projekt's current Cyclically Adjusted PS Ratio of 19.67 is 1315.1% 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 CD Projekt and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PS Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CD Projekt's current Cyclically Adjusted PS Ratio is 19.67, which is 12% below median its own 10-year median of 22.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt stock overvalued right now?
Based on GuruFocus' analysis, CD Projekt (FRA:7CD) is currently considered Significantly Overvalued. The stock's GF Value™ is €33.58, compared to a current price of €53.70 — trading 59.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 19.67, which is 12% below median its 10-year median of 22.25 and 1315.1% above the Interactive Media industry median of 1.39. CD Projekt's overall GF Score™ is 80/100 with 3 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 CD Projekt (FRA:7CD), the current Cyclically Adjusted PS Ratio is 19.67 as of Jul. 11, 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 CD Projekt (FRA:7CD) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt stock appears to be overvalued. The current stock price of €53.70 is trading 59.9% above its estimated GF Value™ of €33.58. GuruFocus considers CD Projekt to be Significantly Overvalued.

Key valuation signals for FRA:7CD:

  • Cyclically Adjusted PS Ratio: 19.67 (12% below median its 10-year median of 22.25)
  • GF Value™: €33.58 vs. price of €53.70 (59.9% above fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 1315.1% above the Interactive Media median (#320 of 325)

No single metric tells the full story. See the FRA:7CD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CD Projekt Business Description

Other Exchanges OTGLY:USACDR:Poland
Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
80GF Score

Get the complete analysis for FRA:7CD

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

€53.70
Price
€33.58
GF Value