Deluxe (FRA:DL8) Cyclically Adjusted PS Ratio: 0.48 (As of Jul. 22, 2026) — 32% Below Median

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FRA:DL8 Deluxe Corp FRA:DL8
68 GF Score
Price €22.60
GF Value €15.95
! 3 Warning Signs
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What is Deluxe Cyclically Adjusted PS Ratio?

Deluxe FRA:DL8 -0.88% 68 Cyclically Adjusted PS Ratio is 0.48 as of Jul. 22, 2026, which is 32% below its 10-year median of 0.71. GuruFocus rates FRA:DL8 with a GF Score™ of 68/100 and a GF Value™ of €15.95. The stock has 3 warning signs investors should review. Among 471 Conglomerates companies, Deluxe ranks better than 63.48% on this metric.

As of today (2026-07-22), Deluxe's current share price is €22.60. Deluxe's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €46.87. Deluxe's Cyclically Adjusted PS Ratio for today is 0.48.

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

FRA:DL8' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.71   Max: 2.3
Current: 0.48

During the past years, Deluxe's highest Cyclically Adjusted PS Ratio was 2.30. The lowest was 0.26. And the median was 0.71.

FRA:DL8's Cyclically Adjusted PS Ratio is ranked better than
63.48% of 471 companies
in the Conglomerates industry
Industry Median: 0.75 vs FRA:DL8: 0.48

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.

Deluxe's adjusted revenue per share data for the three months ended in Mar. 2026 was €10.053. 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 €46.87 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deluxe  (FRA:DL8) 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.


Deluxe Cyclically Adjusted PS Ratio Related Terms


Deluxe Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Deluxe'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.

Deluxe Cyclically Adjusted PS Ratio Chart

Deluxe 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 0.74 0.36 0.43 0.43 0.42

Deluxe 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 0.30 0.30 0.36 0.42 0.51

FRA:DL8 vs AIAI, MATW, CODI: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Deluxe'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.


Deluxe Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Deluxe's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:DL8
68GF Score
Deluxe Corp FRA:DL8
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deluxe 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.

Deluxe's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.60/46.87
=0.48

* 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.

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

For example, Deluxe'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)
=10.053/330.2130*330.2130
=10.053

Current CPI (Mar. 2026) = 330.2130.

Deluxe Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.178 241.018 11.204
201609 8.354 241.428 11.426
201612 9.344 241.432 12.780
201703 9.365 243.801 12.684
201706 8.890 244.955 11.984
201709 8.631 246.819 11.547
201712 8.685 246.524 11.633
201803 8.308 249.554 10.993
201806 8.748 251.989 11.464
201809 9.031 252.439 11.813
201812 10.156 251.233 13.349
201903 10.023 254.202 13.020
201906 10.038 256.143 12.941
201909 10.537 256.759 13.551
201912 11.139 256.974 14.314
202003 10.465 258.115 13.388
202006 8.688 257.797 11.128
202009 8.885 260.280 11.272
202012 8.756 260.474 11.100
202103 8.721 264.877 10.872
202106 9.291 271.696 11.292
202109 10.511 274.310 12.653
202112 11.725 278.802 13.887
202203 11.678 287.504 13.413
202206 12.303 296.311 13.711
202209 12.932 296.808 14.387
202212 12.271 296.797 13.653
202303 11.666 301.836 12.763
202306 12.064 305.109 13.057
202309 11.542 307.789 12.383
202312 11.229 306.746 12.088
202403 11.063 312.332 11.696
202406 11.181 314.175 11.752
202409 10.626 315.301 11.129
202412 11.089 315.605 11.602
202503 10.955 319.799 11.312
202506 9.997 322.561 10.234
202509 10.095 324.800 10.263
202512 9.950 324.054 10.139
202603 10.053 330.213 10.053

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 0.48 mean?
Deluxe (FRA:DL8) has a Cyclically Adjusted PS Ratio of 0.48 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 Deluxe and its competitors. This is 32% below median its historical median of 0.71. Over the past decade, Deluxe's Cyclically Adjusted PS Ratio has ranged from 0.26 to 2.30. According to the industry distribution chart, Deluxe ranks #172 out of 471 companies in the Conglomerates industry, placing it in the top 36.5%.
Is Deluxe's Cyclically Adjusted PS Ratio too high?
Deluxe's current Cyclically Adjusted PS Ratio of 0.48 is 32% below median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 2.30. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.75. Deluxe's value of 0.48 is 36% below this industry median. Based on the distribution chart, Deluxe ranks #172 out of 471 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Deluxe has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Deluxe's Cyclically Adjusted PS Ratio compare to AIAI and MATW?
According to the Conglomerates industry distribution chart, Deluxe ranks #172 out of 471 companies for Cyclically Adjusted PS Ratio. This puts Deluxe in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.75. Deluxe's value of 0.48 is 36% below this benchmark. Historically, Deluxe's own Cyclically Adjusted PS Ratio has ranged from 0.26 to 2.30 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 0.75, Deluxe 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.75, based on 471 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. Deluxe's current Cyclically Adjusted PS Ratio of 0.48 is 36% 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 Deluxe and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deluxe's current Cyclically Adjusted PS Ratio is 0.48, which is 32% below median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deluxe stock overvalued right now?
Deluxe (FRA:DL8) has a current Cyclically Adjusted PS Ratio of 0.48. The stock's GF Value™ is €15.95, compared to a current price of €22.60 — trading 41.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.48, which is 32% below median its 10-year median of 0.71 and 36% below the Conglomerates industry median of 0.75. Deluxe's overall GF Score™ is 68/100 with 3 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 Deluxe (FRA:DL8), the current Cyclically Adjusted PS Ratio is 0.48 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 Deluxe (FRA:DL8) Overvalued in 2026?

Based on GuruFocus' analysis, Deluxe stock appears to be overvalued. The current stock price of €22.60 is trading 41.7% above its estimated GF Value™ of €15.95.

Key valuation signals for FRA:DL8:

  • Cyclically Adjusted PS Ratio: 0.48 (32% below median its 10-year median of 0.71)
  • GF Value™: €15.95 vs. price of €22.60 (41.7% above fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 36% below the Conglomerates median (#172 of 471)

No single metric tells the full story. See the FRA:DL8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Deluxe Business Description

Other Exchanges DLX:USADL8:Germany
Address 801 S. Marquette Avenue, Minneapolis, MN, USA, 55402-2807
Deluxe Corp is principally a payments and data company. Its reportable segments are: Merchant Services, B2B Payments, Data Solutions, and Print. Maximum revenue is derived from its Print segment, which provides printed personal and business checks, business essentials, as well as branded promotional, print, apparel, and digital storefront solutions. The Merchant Services segment provides electronic credit and debit card authorization, payment systems, and processing services. The B2B segment offers treasury management solutions, integrated accounts payable disbursements, and fraud and security services, and the Data Solutions segment offers data, analytics, and marketing services, as well as financial institution profitability reporting and business incorporation services.
68GF Score

Get the complete analysis for FRA:DL8

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

€22.60
Price
€15.95
GF Value