Arjo AB (FRA:A39) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.
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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:A39 Arjo AB FRA:A39
82 GF Score
Price €2.49
GF Value €3.08
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Arjo AB Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Arjo AB  (FRA:A39) 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.


Arjo AB Cyclically Adjusted PS Ratio Related Terms


Arjo AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Arjo AB'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.

Arjo AB Cyclically Adjusted PS Ratio Chart

Arjo AB 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 - - - - 0.78

Arjo AB 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 - - 0.78 0.60 0.58

FRA:A39 vs MCK, COR, CAH: Cyclically Adjusted PS Ratio Comparison

For the Medical Distribution subindustry, Arjo AB'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.


Arjo AB Cyclically Adjusted PS Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Arjo AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:A39
82GF Score
Arjo AB FRA:A39
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Arjo AB 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.

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

For example, Arjo AB'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)
=0.93/134.6100*134.6100
=0.930

Current CPI (Jun. 2026) = 134.6100.

Arjo AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.733 101.138 0.976
201612 0.818 102.022 1.079
201703 0.746 102.022 0.984
201706 0.718 102.752 0.941
201709 0.689 103.279 0.898
201712 0.775 103.793 1.005
201803 0.715 103.962 0.926
201806 0.705 104.875 0.905
201809 0.699 105.679 0.890
201812 0.821 105.912 1.043
201903 0.752 105.886 0.956
201906 0.765 106.742 0.965
201909 0.742 107.214 0.932
201912 0.854 107.766 1.067
202003 0.782 106.563 0.988
202006 0.779 107.498 0.975
202009 0.759 107.635 0.949
202012 0.858 108.296 1.066
202103 0.786 108.360 0.976
202106 0.796 108.928 0.984
202109 0.809 110.338 0.987
202112 0.890 112.486 1.065
202203 0.830 114.825 0.973
202206 0.842 118.384 0.957
202209 0.871 122.296 0.959
202212 0.902 126.365 0.961
202303 0.865 127.042 0.917
202306 0.860 129.407 0.895
202309 0.867 130.224 0.896
202312 0.921 131.912 0.940
202403 0.898 132.205 0.914
202406 0.896 132.716 0.909
202409 0.877 132.304 0.892
202412 0.954 132.987 0.966
202503 0.936 132.825 0.949
202506 0.897 133.699 0.903
202509 0.873 133.480 0.880
202512 0.944 133.380 0.953
202603 0.926 133.550 0.933
202606 0.930 134.610 0.930

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 Arjo AB (FRA:A39) Overvalued in 2026?

Based on GuruFocus' analysis, Arjo AB stock appears to be undervalued. The current stock price of €2.49 is trading 19.2% below its estimated GF Value™ of €3.08. GuruFocus considers Arjo AB to be Modestly Undervalued.

Key valuation signals for FRA:A39:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €3.08 vs. price of €2.49 (19.2% below fair value)
  • GF Score™: 82/100 with 5 warning signs

No single metric tells the full story. See the FRA:A39 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arjo AB Business Description

Address Hans Michelsensgatan 10, Box 48, Malmo, SWE, SE-201 20
Arjo AB is a supplier of medical devices, services, and solutions in Sweden. It serves its services to private and public institutions with acute care and long-term care. The company's offering includes products and solutions for patient handling, hygiene, disinfection, medical beds, therapeutic surfaces, venous thromboembolism (VTE) prevention and diagnostics. The company includes segments: Global Sales, North America, Diagnostics.
82GF Score

Get the complete analysis for FRA:A39

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

€2.49
Price
€3.08
GF Value