Zortrax (FRA:9GK) Cyclically Adjusted PS Ratio: (As of Aug. 13, 2026)

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.

What is Zortrax Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zortrax  (FRA:9GK) 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.


Zortrax Cyclically Adjusted PS Ratio Related Terms


Zortrax Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zortrax'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.

Zortrax Cyclically Adjusted PS Ratio Chart

Zortrax 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 0.12 0.13

Zortrax 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 0.10 0.10 0.10 0.13 0.00

FRA:9GK vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, Zortrax'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.


Zortrax Cyclically Adjusted PS Ratio vs Hardware Industry

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

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



Zortrax 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.

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

For example, Zortrax'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)
=0/163.0700*163.0700
=0.000

Current CPI (Mar. 2026) = 163.0700.

Zortrax Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.481 99.552 0.788
201609 0.458 99.064 0.754
201612 0.521 100.366 0.846
201703 0.524 101.018 0.846
201706 0.507 101.180 0.817
201709 0.516 101.343 0.830
201712 0.645 102.564 1.026
201803 0.564 102.564 0.897
201806 0.521 103.378 0.822
201809 0.438 103.378 0.691
201812 0.550 103.785 0.864
201903 0.467 104.274 0.730
201906 0.464 105.983 0.714
201909 0.330 105.983 0.508
201912 0.358 107.123 0.545
202003 0.226 109.076 0.338
202006 0.123 109.402 0.183
202009 0.189 109.320 0.282
202012 0.132 109.565 0.196
202103 0.109 112.658 0.158
202106 0.019 113.960 0.027
202109 0.143 115.588 0.202
202112 0.242 119.088 0.331
202203 0.358 125.031 0.467
202206 0.195 131.705 0.241
202209 0.109 135.531 0.131
202212 0.153 139.113 0.179
202303 0.094 145.950 0.105
202306 0.071 147.009 0.079
202309 0.065 146.113 0.073
202312 0.075 147.741 0.083
202403 0.050 149.044 0.055
202406 0.031 150.997 0.033
202409 0.025 153.439 0.027
202412 0.021 154.660 0.022
202503 0.022 157.021 0.023
202506 0.010 157.509 0.010
202509 0.010 158.000 0.010
202512 0.003 158.320 0.003
202603 0.000 163.070 0.000

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.


Zortrax Business Description

Other Exchanges ZRX:Poland
Address Lubelska 34, Olsztyn, POL, 10-409
Zortrax SA is a Polish developer of comprehensive 3D printing solutions. It is engaged in desktop 3D printers, dedicated filaments, Z-SUITE software, and additional devices to improve the printing process and post-processing.