Kinaxis (FRA:9KX) Cyclically Adjusted PS Ratio: 10.55 (As of Aug. 22, 2026) — 21% Below 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:9KX Kinaxis Inc FRA:9KX
97 GF Score
Price €110.00
GF Value €137.59
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Kinaxis Cyclically Adjusted PS Ratio?

Kinaxis FRA:9KX 97 Cyclically Adjusted PS Ratio is 10.55 as of Aug. 22, 2026, which is 21% below its 10-year median of 13.31. GuruFocus rates FRA:9KX with a GF Score™ of 97/100 and a GF Value™ of €137.59 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,595 Software companies, Kinaxis ranks worse than 91.03% on this metric.

As of today (2026-08-22), Kinaxis's current share price is €110.00. Kinaxis's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €10.43. Kinaxis's Cyclically Adjusted PS Ratio for today is 10.55.

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

FRA:9KX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.15   Med: 13.31   Max: 20.13
Current: 10.7

During the past years, Kinaxis's highest Cyclically Adjusted PS Ratio was 20.13. The lowest was 8.15. And the median was 13.31.

FRA:9KX's Cyclically Adjusted PS Ratio is ranked worse than
91.03% of 1595 companies
in the Software industry
Industry Median: 1.66 vs FRA:9KX: 10.70

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.

Kinaxis's adjusted revenue per share data for the three months ended in Jun. 2026 was €4.950. 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 €10.43 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinaxis  (FRA:9KX) 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.


Kinaxis Cyclically Adjusted PS Ratio Related Terms


Kinaxis Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kinaxis'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.

Kinaxis Cyclically Adjusted PS Ratio Chart

Kinaxis 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 13.77 13.49 11.40

Kinaxis 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 14.34 12.26 11.40 8.76 9.07

FRA:9KX vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Kinaxis'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.


Kinaxis Cyclically Adjusted PS Ratio vs Software Industry

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

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


FRA:9KX
97GF Score
Kinaxis Inc FRA:9KX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kinaxis 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.

Kinaxis's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=110.00/10.43
=10.55

* 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.

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

For example, Kinaxis'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)
=4.95/133.5265*133.5265
=4.950

Current CPI (Jun. 2026) = 133.5265.

Kinaxis Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.021 101.765 1.340
201612 1.095 101.449 1.441
201703 1.156 102.634 1.504
201706 1.103 103.029 1.430
201709 1.060 103.345 1.370
201712 1.094 103.345 1.414
201803 1.121 105.004 1.426
201806 1.248 105.557 1.579
201809 1.166 105.636 1.474
201812 1.250 105.399 1.584
201903 1.511 106.979 1.886
201906 1.396 107.690 1.731
201909 1.589 107.611 1.972
201912 1.863 107.769 2.308
202003 1.734 107.927 2.145
202006 1.949 108.401 2.401
202009 1.685 108.164 2.080
202012 1.582 108.559 1.946
202103 1.789 110.298 2.166
202106 1.772 111.720 2.118
202109 1.937 112.905 2.291
202112 2.215 113.774 2.600
202203 3.129 117.646 3.551
202206 2.770 120.806 3.062
202209 3.155 120.648 3.492
202212 3.227 120.964 3.562
202303 3.264 122.702 3.552
202306 3.447 124.203 3.706
202309 3.463 125.230 3.692
202312 3.512 125.072 3.749
202403 3.793 126.258 4.011
202406 3.817 127.522 3.997
202409 3.800 127.285 3.986
202412 4.093 127.364 4.291
202503 4.267 129.181 4.411
202506 4.094 129.892 4.209
202509 3.976 130.287 4.075
202512 4.298 130.366 4.402
202603 5.058 132.262 5.106
202606 4.950 133.527 4.950

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 10.55 mean?
Kinaxis (FRA:9KX) has a Cyclically Adjusted PS Ratio of 10.55 as of Aug. 22, 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 Kinaxis and its competitors. This is 21% below median its historical median of 13.31. Over the past decade, Kinaxis' Cyclically Adjusted PS Ratio has ranged from 8.15 to 20.13. According to the industry distribution chart, Kinaxis ranks #1452 out of 1595 companies in the Software industry, placing it in the top 91%.
Is Kinaxis' Cyclically Adjusted PS Ratio too high?
Kinaxis' current Cyclically Adjusted PS Ratio of 10.55 is 21% below median its 10-year median of 13.31. Over the past 10 years, this metric has ranged from a low of 8.15 to a high of 20.13. The Software industry median Cyclically Adjusted PS Ratio is 1.66. Kinaxis' value of 10.55 is 535.5% above this industry median. Based on the distribution chart, Kinaxis ranks #1452 out of 1595 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Kinaxis has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kinaxis' Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Kinaxis ranks #1452 out of 1595 companies for Cyclically Adjusted PS Ratio. This places Kinaxis in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.66. Kinaxis' value of 10.55 is 535.5% above this benchmark. Historically, Kinaxis' own Cyclically Adjusted PS Ratio has ranged from 8.15 to 20.13 over the past decade. While the company's 10-year median is 13.31 vs. the industry median of 1.66, Kinaxis 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.66, based on 1,595 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. Kinaxis's current Cyclically Adjusted PS Ratio of 10.55 is 535.5% 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 Kinaxis and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinaxis's current Cyclically Adjusted PS Ratio is 10.55, which is 21% below median its own 10-year median of 13.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinaxis stock overvalued right now?
Based on GuruFocus' analysis, Kinaxis (FRA:9KX) is currently considered Modestly Undervalued. The stock's GF Value™ is €137.59, compared to a current price of €110.00 — trading 20.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.55, which is 21% below median its 10-year median of 13.31 and 535.5% above the Software industry median of 1.66. Kinaxis' overall GF Score™ is 97/100 with 4 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 Kinaxis (FRA:9KX), the current Cyclically Adjusted PS Ratio is 10.55 as of Aug. 22, 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 Kinaxis (FRA:9KX) Overvalued in 2026?

Based on GuruFocus' analysis, Kinaxis stock appears to be undervalued. The current stock price of €110.00 is trading 20.1% below its estimated GF Value™ of €137.59. GuruFocus considers Kinaxis to be Modestly Undervalued.

Key valuation signals for FRA:9KX:

  • Cyclically Adjusted PS Ratio: 10.55 (21% below median its 10-year median of 13.31)
  • GF Value™: €137.59 vs. price of €110.00 (20.1% below fair value)
  • GF Score™: 97/100 with 4 warning signs
  • Industry Position: 535.5% above the Software median (#1452 of 1595)

No single metric tells the full story. See the FRA:9KX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kinaxis Business Description

Address 3199 Palladium Drive, Ottawa, ON, CAN, K2T 0N9
Kinaxis Inc is a provider of cloud-based subscription software that enables its customers to improve and accelerate analysis and decision-making across their supply chain operations. The company has operations in the United States, Japan, Hong Kong, The Netherlands, South Korea, the United Kingdom, Romania, Mexico, Singapore, France, Ireland, Germany, India, and Canada, and a majority of the revenue comes from the United States.
97GF Score

Get the complete analysis for FRA:9KX

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

€110.00
Price
€137.59
GF Value