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Harboes Bryggeri ASFRA:DX4 66 Cyclically Adjusted PS Ratio is 0.28 as of Jul. 15, 2026, which is 8% above its 10-year median of 0.26. GuruFocus rates FRA:DX4 with a GF Score™ of 66/100 and a GF Value™ of €15.97. The stock has 5 warning signs investors should review. Among 173 Beverages - Alcoholic companies, Harboes Bryggeri AS ranks better than 86.71% on this metric.
The historical rank and industry rank for Harboes Bryggeri AS's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:DX4'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.26 Max: 0.7
Current: 0.28
During the past years, Harboes Bryggeri AS's highest Cyclically Adjusted PS Ratio was 0.70. The lowest was 0.17. And the median was 0.26.
FRA:DX4's Cyclically Adjusted PS Ratio is ranked better than 86.71% of 173
companies
in the Beverages - Alcoholic industry
Industry Median: 1.52
vs FRA:DX4: 0.28
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.
Harboes Bryggeri AS's adjusted revenue per share data for the three months ended in Apr. 2026 was €13.803. 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 €51.89 for the trailing ten years ended in Apr. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Harboes Bryggeri AS (FRA:DX4) 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.
Harboes Bryggeri AS Cyclically Adjusted PS Ratio Related Terms
Harboes Bryggeri AS Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Harboes Bryggeri AS'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.
Harboes Bryggeri AS Cyclically Adjusted PS Ratio Chart
FRA:DX4 vs BUD, STZ, TAP: Cyclically Adjusted PS Ratio Comparison
For the Beverages - Brewers subindustry, Harboes Bryggeri AS'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.
Harboes Bryggeri AS Cyclically Adjusted PS Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Harboes Bryggeri AS's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Harboes Bryggeri AS's Cyclically Adjusted PS Ratio falls into.
Harboes Bryggeri AS 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.
Harboes Bryggeri AS'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 0.28 mean?
Harboes Bryggeri AS (FRA:DX4) has a Cyclically Adjusted PS Ratio of 0.28 as of Jul. 15, 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 Harboes Bryggeri AS and its competitors. This is near median its historical median of 0.26. Over the past decade, Harboes Bryggeri AS's Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.70. According to the industry distribution chart, Harboes Bryggeri AS ranks #23 out of 173 companies in the Beverages - Alcoholic industry, placing it in the top 13.3%.
Is Harboes Bryggeri AS's Cyclically Adjusted PS Ratio too high?
Harboes Bryggeri AS's current Cyclically Adjusted PS Ratio of 0.28 is near median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.70. The Beverages - Alcoholic industry median Cyclically Adjusted PS Ratio is 1.52. Harboes Bryggeri AS's value of 0.28 is 81.6% below this industry median. Based on the distribution chart, Harboes Bryggeri AS ranks #23 out of 173 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Harboes Bryggeri AS has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Harboes Bryggeri AS's Cyclically Adjusted PS Ratio compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Harboes Bryggeri AS ranks #23 out of 173 companies for Cyclically Adjusted PS Ratio. This places Harboes Bryggeri AS in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.52. Harboes Bryggeri AS's value of 0.28 is 81.6% below this benchmark. Historically, Harboes Bryggeri AS's own Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.70 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 1.52, Harboes Bryggeri AS 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PS Ratio among Beverages - Alcoholic companies is 1.52, based on 173 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. Harboes Bryggeri AS's current Cyclically Adjusted PS Ratio of 0.28 is 81.6% 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 Harboes Bryggeri AS and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PS Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harboes Bryggeri AS's current Cyclically Adjusted PS Ratio is 0.28, which is near median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harboes Bryggeri AS stock overvalued right now?
Harboes Bryggeri AS (FRA:DX4) has a current Cyclically Adjusted PS Ratio of 0.28. The stock's GF Value™ is €15.97, compared to a current price of €14.46 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.28, which is near median its 10-year median of 0.26 and 81.6% below the Beverages - Alcoholic industry median of 1.52. Harboes Bryggeri AS's overall GF Score™ is 66/100 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 Harboes Bryggeri AS (FRA:DX4), the current Cyclically Adjusted PS Ratio is 0.28 as of Jul. 15, 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 Harboes Bryggeri AS (FRA:DX4) Overvalued in 2026?
Based on GuruFocus' analysis, Harboes Bryggeri AS stock appears to be undervalued.
The current stock price of €14.46 is trading 9.5% below its estimated GF Value™ of €15.97.
Key valuation signals for FRA:DX4:
Cyclically Adjusted PS Ratio: 0.28 (near median its 10-year median of 0.26)
GF Value™: €15.97 vs. price of €14.46 (9.5% below fair value)
Industry Position: 81.6% below the Beverages - Alcoholic median (#23 of 173)
No single metric tells the full story. See the FRA:DX4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harboes Bryggeri AS is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.
66GF Score
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