CNO Financial Group (FRA:COS) 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.
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:COS CNO Financial Group Inc FRA:COS
69 GF Score
Price €48.20
GF Value €37.29
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is CNO Financial Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CNO Financial Group  (FRA:COS) 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.


CNO Financial Group Cyclically Adjusted PS Ratio Related Terms


CNO Financial Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CNO Financial Group'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.

CNO Financial Group Cyclically Adjusted PS Ratio Chart

CNO Financial Group 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 0.98 0.86 0.94 1.19 1.12

CNO Financial Group 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 1.05 1.04 1.11 1.06 1.33

FRA:COS vs GNW, FG, BHF: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Life subindustry, CNO Financial Group'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.


CNO Financial Group Cyclically Adjusted PS Ratio vs Insurance Industry

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

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


FRA:COS
69GF Score
CNO Financial Group Inc FRA:COS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CNO Financial Group 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.

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

For example, CNO Financial Group'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)
=11.716/333.9520*333.9520
=11.716

Current CPI (Jun. 2026) = 333.9520.

CNO Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.180 241.428 7.165
201612 5.320 241.432 7.359
201703 5.738 243.801 7.860
201706 5.574 244.955 7.599
201709 5.378 246.819 7.277
201712 5.530 246.524 7.491
201803 4.833 249.554 6.467
201806 5.228 251.989 6.928
201809 7.739 252.439 10.238
201812 4.111 251.233 5.465
201903 5.555 254.202 7.298
201906 5.459 256.143 7.117
201909 5.469 256.759 7.113
201912 6.377 256.974 8.287
202003 4.464 258.115 5.776
202006 6.398 257.797 8.288
202009 6.122 260.280 7.855
202012 6.430 260.474 8.244
202103 6.112 264.877 7.706
202106 6.657 271.696 8.182
202109 6.367 274.310 7.751
202112 7.521 278.802 9.009
202203 6.450 287.504 7.492
202206 7.243 296.311 8.163
202209 8.052 296.808 9.060
202212 8.375 296.797 9.423
202303 8.065 301.836 8.923
202306 8.266 305.109 9.047
202309 7.880 307.789 8.550
202312 9.453 306.746 10.291
202403 9.727 312.332 10.400
202406 9.066 314.175 9.637
202409 9.735 315.301 10.311
202412 10.047 315.605 10.631
202503 9.115 319.799 9.518
202506 10.216 322.561 10.577
202509 10.429 324.800 10.723
202512 10.135 324.054 10.445
202603 9.059 330.213 9.162
202606 11.716 333.952 11.716

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 CNO Financial Group (FRA:COS) Overvalued in 2026?

Based on GuruFocus' analysis, CNO Financial Group stock appears to be overvalued. The current stock price of €48.20 is trading 29.3% above its estimated GF Value™ of €37.29. GuruFocus considers CNO Financial Group to be Modestly Overvalued.

Key valuation signals for FRA:COS:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €37.29 vs. price of €48.20 (29.3% above fair value)
  • GF Score™: 69/100 with 8 warning signs

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


CNO Financial Group Business Description

Other Exchanges CNO:USA
Address 11299 Illinois Street, Carmel, IN, USA, 46032
CNO Financial Group Inc is a holding company for a group of insurance companies that develop, market and administer health insurance, annuity, individual life insurance and other insurance and financial services products. Consumers are served through the phone, online, mail, face-to-face with agents, or sales channels. The company's operating segments include annuity, health, and life insurance product lines as well as the investment and fee revenue segments. Maximum revenue is generated from the health product line segment. Annuity premiums account for the majority of the total premiums collected. Annuity products include fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuity products.
69GF Score

Get the complete analysis for FRA:COS

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

€48.20
Price
€37.29
GF Value