Aiful (FRA:AAU) 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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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:AAU Aiful Corp FRA:AAU
71 GF Score
Price €2.40
GF Value €2.98
! 6 Warning Signs
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What is Aiful Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aiful  (FRA:AAU) 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.


Aiful Cyclically Adjusted PS Ratio Related Terms


Aiful Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aiful'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.

Aiful Cyclically Adjusted PS Ratio Chart

Aiful Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.43 1.57 1.48 1.76 1.19

Aiful Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 1.19 1.41 1.64 1.78 1.36

FRA:AAU vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Aiful'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.


Aiful Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Aiful's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:AAU
71GF Score
Aiful Corp FRA:AAU
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aiful 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.

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

For example, Aiful'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)
=0.646/113.6000*113.6000
=0.646

Current CPI (Jun. 2026) = 113.6000.

Aiful Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.388 98.100 0.449
201609 0.417 98.000 0.483
201612 0.390 98.400 0.450
201703 0.395 98.100 0.457
201706 0.402 98.500 0.464
201709 0.392 98.800 0.451
201712 0.413 99.400 0.472
201803 0.623 99.200 0.713
201806 0.445 99.200 0.510
201809 0.454 99.900 0.516
201812 0.480 99.700 0.547
201903 0.482 99.700 0.549
201906 0.512 99.800 0.583
201909 0.542 100.100 0.615
201912 0.544 100.500 0.615
202003 0.588 100.300 0.666
202006 0.545 99.900 0.620
202009 0.524 99.900 0.596
202012 0.530 99.300 0.606
202103 0.505 99.900 0.574
202106 0.504 99.500 0.575
202109 0.519 100.100 0.589
202112 0.541 100.100 0.614
202203 0.532 101.100 0.598
202206 0.506 101.800 0.565
202209 0.520 103.100 0.573
202212 0.538 104.100 0.587
202303 0.528 104.400 0.575
202306 0.522 105.200 0.564
202309 0.530 106.200 0.567
202312 0.558 106.800 0.594
202403 0.528 107.200 0.560
202406 0.543 108.200 0.570
202409 0.611 108.900 0.637
202412 0.637 110.700 0.654
202503 0.628 111.100 0.642
202506 0.647 111.700 0.658
202509 0.636 112.000 0.645
202512 0.632 113.000 0.635
202606 0.646 113.600 0.646

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 Aiful (FRA:AAU) Overvalued in 2026?

Based on GuruFocus' analysis, Aiful stock appears to be undervalued. The current stock price of €2.40 is trading 19.5% below its estimated GF Value™ of €2.98.

Key valuation signals for FRA:AAU:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €2.98 vs. price of €2.40 (19.5% below fair value)
  • GF Score™: 71/100 with 6 warning signs

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


Aiful Business Description

Other Exchanges 547A:Japan
Address 381-1, Takasago-cho Gojo-Agaru, Karasuma-Dori, Shimogyo-ku, Kyoto, JPN, 600-8420
Muninova Holdings Inc is focused on the management and administration of group companies engaged in consumer finance, credit card, and related businesses.
71GF Score

Get the complete analysis for FRA:AAU

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

€2.40
Price
€2.98
GF Value