F5 (FRA:FFV) Cyclically Adjusted PS Ratio: (As of Jul. 29, 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.
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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:FFV F5 Inc FRA:FFV
81 GF Score
Price €357.00
GF Value €226.46
Valuation Significantly Overvalued
! 5 Warning Signs
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What is F5 Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


F5  (FRA:FFV) 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.


F5 Cyclically Adjusted PS Ratio Related Terms


F5 Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for F5'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.

F5 Cyclically Adjusted PS Ratio Chart

F5 Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.99 3.79 3.85 4.93 6.78

F5 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 6.27 6.78 5.31 5.86 0.00

FRA:FFV vs ZS, MDB, OKTA: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, F5'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.


F5 Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, F5's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where F5's Cyclically Adjusted PS Ratio falls into.


FRA:FFV
81GF Score
F5 Inc FRA:FFV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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F5 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.

F5's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, F5'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)
=13.048/333.9520*333.9520
=13.048

Current CPI (Jun. 2026) = 333.9520.

F5 Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.023 241.428 9.714
201612 7.451 241.432 10.306
201703 7.452 243.801 10.208
201706 7.161 244.955 9.763
201709 7.080 246.819 9.579
201712 7.068 246.524 9.575
201803 6.969 249.554 9.326
201806 7.530 251.989 9.979
201809 7.853 252.439 10.389
201812 7.882 251.233 10.477
201903 8.033 254.202 10.553
201906 8.283 256.143 10.799
201909 8.830 256.759 11.485
201912 8.425 256.974 10.949
202003 8.644 258.115 11.184
202006 8.433 257.797 10.924
202009 8.424 260.280 10.808
202012 8.244 260.474 10.570
202103 8.720 264.877 10.994
202106 8.814 271.696 10.834
202109 9.345 274.310 11.377
202112 9.827 278.802 11.771
202203 9.378 287.504 10.893
202206 10.554 296.311 11.895
202209 11.715 296.808 13.181
202212 10.949 296.797 12.320
202303 10.821 301.836 11.972
202306 10.753 305.109 11.770
202309 11.098 307.789 12.041
202312 10.647 306.746 11.591
202403 10.521 312.332 11.249
202406 10.924 314.175 11.612
202409 11.392 315.301 12.066
202412 12.395 315.605 13.116
202503 11.509 319.799 12.018
202506 11.567 322.561 11.975
202509 11.815 324.800 12.148
202512 12.076 324.054 12.445
202603 12.254 330.213 12.393
202606 13.048 333.952 13.048

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 F5 (FRA:FFV) Overvalued in 2026?

Based on GuruFocus' analysis, F5 stock appears to be overvalued. The current stock price of €357.00 is trading 57.6% above its estimated GF Value™ of €226.46. GuruFocus considers F5 to be Significantly Overvalued.

Key valuation signals for FRA:FFV:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €226.46 vs. price of €357.00 (57.6% above fair value)
  • GF Score™: 81/100 with 5 warning signs

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


F5 Business Description

Address 801 5th Avenue, Seattle, WA, USA, 98104
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, and went public in 1999.
81GF Score

Get the complete analysis for FRA:FFV

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

€357.00
Price
€226.46
GF Value