Spok Holdings (FRA:FQV) Cyclically Adjusted PS Ratio: 1.11 (As of Jul. 27, 2026) — 18% Below Median

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FRA:FQV Spok Holdings Inc FRA:FQV
59 GF Score
Price €9.10
GF Value €13.17
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Spok Holdings Cyclically Adjusted PS Ratio?

Spok Holdings FRA:FQV -1.09% 59 Cyclically Adjusted PS Ratio is 1.11 as of Jul. 27, 2026, which is 18% below its 10-year median of 1.36. GuruFocus rates FRA:FQV with a GF Score™ of 59/100 and a GF Value™ of €13.17 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 358 Healthcare Providers & Services companies, Spok Holdings ranks worse than 50.84% on this metric.

As of today (2026-07-27), Spok Holdings's current share price is €9.10. Spok Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €8.17. Spok Holdings's Cyclically Adjusted PS Ratio for today is 1.11.

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

FRA:FQV' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.36   Max: 1.98
Current: 1.16

During the past years, Spok Holdings's highest Cyclically Adjusted PS Ratio was 1.98. The lowest was 0.61. And the median was 1.36.

FRA:FQV's Cyclically Adjusted PS Ratio is ranked worse than
50.84% of 358 companies
in the Healthcare Providers & Services industry
Industry Median: 1.13 vs FRA:FQV: 1.16

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.

Spok Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was €1.359. 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 €8.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spok Holdings  (FRA:FQV) 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.


Spok Holdings Cyclically Adjusted PS Ratio Related Terms


Spok Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Spok Holdings'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.

Spok Holdings Cyclically Adjusted PS Ratio Chart

Spok Holdings 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 0.95 0.83 1.60 1.71 1.44

Spok Holdings 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 1.75 1.89 1.85 1.44 1.19

FRA:FQV vs SY, AMWL, LFMD: Cyclically Adjusted PS Ratio Comparison

For the Health Information Services subindustry, Spok Holdings'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.


Spok Holdings Cyclically Adjusted PS Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Spok Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:FQV
59GF Score
Spok Holdings Inc FRA:FQV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spok Holdings 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.

Spok Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.10/8.17
=1.11

* 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.

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

For example, Spok Holdings'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)
=1.359/330.2130*330.2130
=1.359

Current CPI (Mar. 2026) = 330.2130.

Spok Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.931 241.018 2.646
201609 1.967 241.428 2.690
201612 2.040 241.432 2.790
201703 1.882 243.801 2.549
201706 1.850 244.955 2.494
201709 1.830 246.819 2.448
201712 1.851 246.524 2.479
201803 1.735 249.554 2.296
201806 1.761 251.989 2.308
201809 1.871 252.439 2.447
201812 1.956 251.233 2.571
201903 1.909 254.202 2.480
201906 1.820 256.143 2.346
201909 1.877 256.759 2.414
201912 1.888 256.974 2.426
202003 1.779 258.115 2.276
202006 1.660 257.797 2.126
202009 1.666 260.280 2.114
202012 1.614 260.474 2.046
202103 1.571 264.877 1.959
202106 1.529 271.696 1.858
202109 1.566 274.310 1.885
202112 1.569 278.802 1.858
202203 1.567 287.504 1.800
202206 1.610 296.311 1.794
202209 1.713 296.808 1.906
202212 1.496 296.797 1.664
202303 1.535 301.836 1.679
202306 1.662 305.109 1.799
202309 1.635 307.789 1.754
202312 1.523 306.746 1.640
202403 1.571 312.332 1.661
202406 1.542 314.175 1.621
202409 1.531 315.301 1.603
202412 1.567 315.605 1.640
202503 1.625 319.799 1.678
202506 1.491 322.561 1.526
202509 1.372 324.800 1.395
202512 1.367 324.054 1.393
202603 1.359 330.213 1.359

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 1.11 mean?
Spok Holdings (FRA:FQV) has a Cyclically Adjusted PS Ratio of 1.11 as of Jul. 27, 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 Spok Holdings and its competitors. This is 18% below median its historical median of 1.36. Over the past decade, Spok Holdings' Cyclically Adjusted PS Ratio has ranged from 0.61 to 1.98. According to the industry distribution chart, Spok Holdings ranks #182 out of 358 companies in the Healthcare Providers & Services industry, placing it in the top 50.8%.
Is Spok Holdings' Cyclically Adjusted PS Ratio too high?
Spok Holdings' current Cyclically Adjusted PS Ratio of 1.11 is 18% below median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.98. The Healthcare Providers & Services industry median Cyclically Adjusted PS Ratio is 1.13. Spok Holdings' value of 1.11 is 1.8% below this industry median. Based on the distribution chart, Spok Holdings ranks #182 out of 358 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Spok Holdings has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spok Holdings' Cyclically Adjusted PS Ratio compare to SY and AMWL?
According to the Healthcare Providers & Services industry distribution chart, Spok Holdings ranks #182 out of 358 companies for Cyclically Adjusted PS Ratio. This places Spok Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.13. Spok Holdings' value of 1.11 is 1.8% below this benchmark. Historically, Spok Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.61 to 1.98 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 1.13, Spok Holdings 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PS Ratio among Healthcare Providers & Services companies is 1.13, based on 358 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. Spok Holdings's current Cyclically Adjusted PS Ratio of 1.11 is 1.8% 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 Spok Holdings and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PS Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spok Holdings's current Cyclically Adjusted PS Ratio is 1.11, which is 18% below median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spok Holdings stock overvalued right now?
Based on GuruFocus' analysis, Spok Holdings (FRA:FQV) is currently considered Significantly Undervalued. The stock's GF Value™ is €13.17, compared to a current price of €9.10 — trading 30.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.11, which is 18% below median its 10-year median of 1.36 and 1.8% below the Healthcare Providers & Services industry median of 1.13. Spok Holdings' overall GF Score™ is 59/100 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 Spok Holdings (FRA:FQV), the current Cyclically Adjusted PS Ratio is 1.11 as of Jul. 27, 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 Spok Holdings (FRA:FQV) Overvalued in 2026?

Based on GuruFocus' analysis, Spok Holdings stock appears to be undervalued. The current stock price of €9.10 is trading 30.9% below its estimated GF Value™ of €13.17. GuruFocus considers Spok Holdings to be Significantly Undervalued.

Key valuation signals for FRA:FQV:

  • Cyclically Adjusted PS Ratio: 1.11 (18% below median its 10-year median of 1.36)
  • GF Value™: €13.17 vs. price of €9.10 (30.9% below fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 1.8% below the Healthcare Providers & Services median (#182 of 358)

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


Spok Holdings Business Description

Other Exchanges SPOK:USA
Address 3000 Technology Drive, Suite 400, Plano, TX, USA, 75074
Spok Holdings Inc is a provider of healthcare communications. The company delivers clinical communication and collaboration solutions to help protect the health, well-being, and safety of people in the United States and abroad, on a limited basis, in Europe, Canada, Australia, Asia, and the Middle East. The company develops, sells, and supports enterprise-wide systems principally for healthcare and other organizations needing to automate, centralize, and standardize their approach to clinical and critical communications. The company offers its services and products to three market segments: healthcare, government, and large enterprise, with a greater emphasis on the healthcare market segment. Geographically, the company generates the majority of its revenue from the United States.
59GF Score

Get the complete analysis for FRA:FQV

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

€9.10
Price
€13.17
GF Value