Lumen Technologies (FRA:CYTH) Cyclically Adjusted PS Ratio: 0.29 (As of Jul. 22, 2026) — 19% 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:CYTH Lumen Technologies Inc FRA:CYTH
55 GF Score
Price €5.60
GF Value €3.19
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Lumen Technologies Cyclically Adjusted PS Ratio?

Lumen Technologies FRA:CYTH +2.38% 55 Cyclically Adjusted PS Ratio is 0.29 as of Jul. 22, 2026, which is 19% below its 10-year median of 0.36. GuruFocus rates FRA:CYTH with a GF Score™ of 55/100 and a GF Value™ of €3.19 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 302 Telecommunication Services companies, Lumen Technologies ranks better than 84.44% on this metric.

As of today (2026-07-22), Lumen Technologies's current share price is €5.60. Lumen Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €18.99. Lumen Technologies's Cyclically Adjusted PS Ratio for today is 0.29.

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

FRA:CYTH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.36   Max: 1.07
Current: 0.29

During the past years, Lumen Technologies's highest Cyclically Adjusted PS Ratio was 1.07. The lowest was 0.04. And the median was 0.36.

FRA:CYTH's Cyclically Adjusted PS Ratio is ranked better than
84.44% of 302 companies
in the Telecommunication Services industry
Industry Median: 1.16 vs FRA:CYTH: 0.29

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.

Lumen Technologies's adjusted revenue per share data for the three months ended in Mar. 2026 was €2.510. 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 €18.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lumen Technologies  (FRA:CYTH) 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.


Lumen Technologies Cyclically Adjusted PS Ratio Related Terms


Lumen Technologies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Lumen Technologies'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.

Lumen Technologies Cyclically Adjusted PS Ratio Chart

Lumen Technologies 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 0.42 0.17 0.06 0.20 0.32

Lumen Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.15 0.17 0.25 0.32 0.29

FRA:CYTH vs GSAT, IRDM, LBRDA: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Lumen Technologies'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.


Lumen Technologies Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Lumen Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:CYTH
55GF Score
Lumen Technologies Inc FRA:CYTH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lumen Technologies 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.

Lumen Technologies's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.60/18.99
=0.29

* 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.

Lumen Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Lumen Technologies's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.51/330.2130*330.2130
=2.510

Current CPI (Mar. 2026) = 330.2130.

Lumen Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.244 241.018 9.925
201609 7.218 241.428 9.872
201612 7.512 241.432 10.274
201703 7.267 243.801 9.843
201706 6.714 244.955 9.051
201709 6.245 246.819 8.355
201712 5.059 246.524 6.776
201803 4.509 249.554 5.966
201806 4.727 251.989 6.194
201809 4.650 252.439 6.083
201812 4.048 251.233 5.321
201903 4.493 254.202 5.836
201906 4.434 256.143 5.716
201909 4.520 256.759 5.813
201912 4.451 256.974 5.720
202003 4.374 258.115 5.596
202006 4.259 257.797 5.455
202009 4.041 260.280 5.127
202012 3.899 260.474 4.943
202103 3.870 264.877 4.825
202106 3.738 271.696 4.543
202109 3.885 274.310 4.677
202112 4.224 278.802 5.003
202203 4.182 287.504 4.803
202206 4.292 296.311 4.783
202209 4.360 296.808 4.851
202212 3.603 296.797 4.009
202303 3.554 301.836 3.888
202306 3.436 305.109 3.719
202309 3.469 307.789 3.722
202312 3.278 306.746 3.529
202403 3.069 312.332 3.245
202406 3.075 314.175 3.232
202409 2.935 315.301 3.074
202412 3.212 315.605 3.361
202503 2.969 319.799 3.066
202506 2.695 322.561 2.759
202509 2.641 324.800 2.685
202512 2.606 324.054 2.656
202603 2.510 330.213 2.510

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 0.29 mean?
Lumen Technologies (FRA:CYTH) has a Cyclically Adjusted PS Ratio of 0.29 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 Lumen Technologies and its competitors. This is 19% below median its historical median of 0.36. Over the past decade, Lumen Technologies' Cyclically Adjusted PS Ratio has ranged from 0.04 to 1.07. According to the industry distribution chart, Lumen Technologies ranks #47 out of 302 companies in the Telecommunication Services industry, placing it in the top 15.6%.
Is Lumen Technologies' Cyclically Adjusted PS Ratio too high?
Lumen Technologies' current Cyclically Adjusted PS Ratio of 0.29 is 19% below median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 1.07. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.16. Lumen Technologies' value of 0.29 is 75% below this industry median. Based on the distribution chart, Lumen Technologies ranks #47 out of 302 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Lumen Technologies has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lumen Technologies' Cyclically Adjusted PS Ratio compare to GSAT and IRDM?
According to the Telecommunication Services industry distribution chart, Lumen Technologies ranks #47 out of 302 companies for Cyclically Adjusted PS Ratio. This places Lumen Technologies in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.16. Lumen Technologies' value of 0.29 is 75% below this benchmark. Historically, Lumen Technologies' own Cyclically Adjusted PS Ratio has ranged from 0.04 to 1.07 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 1.16, Lumen Technologies has consistently been below 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.16, based on 302 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. Lumen Technologies's current Cyclically Adjusted PS Ratio of 0.29 is 75% below 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 Lumen Technologies and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lumen Technologies's current Cyclically Adjusted PS Ratio is 0.29, which is 19% below median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lumen Technologies stock overvalued right now?
Based on GuruFocus' analysis, Lumen Technologies (FRA:CYTH) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.19, compared to a current price of €5.60 — trading 75.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.29, which is 19% below median its 10-year median of 0.36 and 75% below the Telecommunication Services industry median of 1.16. Lumen Technologies' overall GF Score™ is 55/100 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 Lumen Technologies (FRA:CYTH), the current Cyclically Adjusted PS Ratio is 0.29 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 Lumen Technologies (FRA:CYTH) Overvalued in 2026?

Based on GuruFocus' analysis, Lumen Technologies stock appears to be overvalued. The current stock price of €5.60 is trading 75.5% above its estimated GF Value™ of €3.19. GuruFocus considers Lumen Technologies to be Significantly Overvalued.

Key valuation signals for FRA:CYTH:

  • Cyclically Adjusted PS Ratio: 0.29 (19% below median its 10-year median of 0.36)
  • GF Value™: €3.19 vs. price of €5.60 (75.5% above fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 75% below the Telecommunication Services median (#47 of 302)

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


Lumen Technologies Business Description

Address 100 CenturyLink Drive, Monroe, LA, USA, 71203
Lumen Technologies is one of the largest telecommunications carriers serving global enterprises. The merger with Level 3 in 2017, the 2022 divestiture of much of its local phone business in rural areas, and the 2026 sale of its remaining consumer fiber network to AT&T have shifted the company's operations away from the legacy consumer business and toward enterprise services, which account for about 85%-90% of revenue. Lumen offers businesses a full suite of communications services, providing colocation and data center services, data transportation, phone service, and internet access.
55GF Score

Get the complete analysis for FRA:CYTH

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

€5.60
Price
€3.19
GF Value