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Riot PlatformsFRA:AP4N +6.83%69 Cyclically Adjusted PS Ratio is 18.31 as of Jul. 22, 2026, which is 81% above its 10-year median of 10.11. GuruFocus rates FRA:AP4N with a GF Score™ of 69/100 and a GF Value™ of €11.75 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 605 Capital Markets companies, Riot Platforms ranks worse than 90.25% on this metric.
The historical rank and industry rank for Riot Platforms's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:AP4N'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.78 Med: 10.11 Max: 192.78
Current: 18.2
During the past years, Riot Platforms's highest Cyclically Adjusted PS Ratio was 192.78. The lowest was 0.78. And the median was 10.11.
FRA:AP4N's Cyclically Adjusted PS Ratio is ranked worse than 90.25% of 605
companies
in the Capital Markets industry
Industry Median: 3.34
vs FRA:AP4N: 18.20
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.
Riot Platforms's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.416. 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 €1.02 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Riot Platforms (FRA:AP4N) 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.
Riot Platforms Cyclically Adjusted PS Ratio Related Terms
Riot Platforms Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Riot Platforms'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.
FRA:AP4N vs SNEX, SF, JEF: Cyclically Adjusted PS Ratio Comparison
For the Capital Markets subindustry, Riot Platforms'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.
Riot Platforms Cyclically Adjusted PS Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Riot Platforms's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Riot Platforms's Cyclically Adjusted PS Ratio falls into.
Riot Platforms 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.
Riot Platforms's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 18.31 mean?
Riot Platforms (FRA:AP4N) has a Cyclically Adjusted PS Ratio of 18.31 as of Jul. 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 Riot Platforms and its competitors. This is 81% above median its historical median of 10.11. Over the past decade, Riot Platforms' Cyclically Adjusted PS Ratio has ranged from 0.78 to 192.78. According to the industry distribution chart, Riot Platforms ranks #546 out of 605 companies in the Capital Markets industry, placing it in the top 90.2%.
Is Riot Platforms' Cyclically Adjusted PS Ratio too high?
Riot Platforms' current Cyclically Adjusted PS Ratio of 18.31 is 81% above median its 10-year median of 10.11. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 192.78. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.34. Riot Platforms' value of 18.31 is 448.2% above this industry median. Based on the distribution chart, Riot Platforms ranks #546 out of 605 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Riot Platforms has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Riot Platforms' Cyclically Adjusted PS Ratio compare to SNEX and SF?
According to the Capital Markets industry distribution chart, Riot Platforms ranks #546 out of 605 companies for Cyclically Adjusted PS Ratio. This places Riot Platforms in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.34. Riot Platforms' value of 18.31 is 448.2% above this benchmark. Historically, Riot Platforms' own Cyclically Adjusted PS Ratio has ranged from 0.78 to 192.78 over the past decade. While the company's 10-year median is 10.11 vs. the industry median of 3.34, Riot Platforms 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 Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.34, based on 605 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. Riot Platforms's current Cyclically Adjusted PS Ratio of 18.31 is 448.2% 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 Riot Platforms and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Riot Platforms's current Cyclically Adjusted PS Ratio is 18.31, which is 81% above median its own 10-year median of 10.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riot Platforms stock overvalued right now?
Based on GuruFocus' analysis, Riot Platforms (FRA:AP4N) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.75, compared to a current price of €18.67 — trading 58.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 18.31, which is 81% above median its 10-year median of 10.11 and 448.2% above the Capital Markets industry median of 3.34. Riot Platforms' overall GF Score™ is 69/100 with 5 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 Riot Platforms (FRA:AP4N), the current Cyclically Adjusted PS Ratio is 18.31 as of Jul. 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 Riot Platforms (FRA:AP4N) Overvalued in 2026?
Based on GuruFocus' analysis, Riot Platforms stock appears to be overvalued.
The current stock price of €18.67 is trading 58.9% above its estimated GF Value™ of €11.75.
GuruFocus considers Riot Platforms to be Significantly Overvalued.
Key valuation signals for FRA:AP4N:
Cyclically Adjusted PS Ratio: 18.31 (81% above median its 10-year median of 10.11)
GF Value™: €11.75 vs. price of €18.67 (58.9% above fair value)
Industry Position: 448.2% above the Capital Markets median (#546 of 605)
No single metric tells the full story. See the FRA:AP4N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Riot Platforms Inc is a vertically integrated digital infrastructure company principally engaged in developing and optimizing its large-scale power assets. The Company's business centers on enhancing its electrical infrastructure and deploying it across two complementary platforms: (i) Bitcoin Mining and (ii) scalable data center solutions designed to support non-mining workloads. The company's segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment generates revenue from the Bitcoin the Company earns through its Bitcoin Mining activities. The Engineering segment generates revenue through customer contracts for custom engineered electrical products. It generates the majority of its revenue from the Bitcoin Mining segment.
69GF Score
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