Fraport AG (FRA:FRAS) Cyclically Adjusted PS Ratio: 1.68 (As of Jul. 11, 2026) — Near Median


FRA:FRAS Fraport AG FRA:FRAS
80 GF Score
Price €34.40
GF Value €29.43
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Fraport AG Cyclically Adjusted PS Ratio?

Fraport AG FRA:FRAS -1.15% 80 Cyclically Adjusted PS Ratio is 1.68 as of Jul. 11, 2026, which is 3% below its 10-year median of 1.73. GuruFocus rates FRA:FRAS with a GF Score™ of 80/100 and a GF Value™ of €29.43 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 751 Transportation companies, Fraport AG ranks worse than 70.17% on this metric.

As of today (2026-07-11), Fraport AG's current share price is €34.40. Fraport AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €20.53. Fraport AG's Cyclically Adjusted PS Ratio for today is 1.68.

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

FRA:FRAS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.02   Med: 1.73   Max: 3.49
Current: 1.85

During the past years, Fraport AG's highest Cyclically Adjusted PS Ratio was 3.49. The lowest was 1.02. And the median was 1.73.

FRA:FRAS's Cyclically Adjusted PS Ratio is ranked worse than
70.17% of 751 companies
in the Transportation industry
Industry Median: 0.91 vs FRA:FRAS: 1.85

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.

Fraport AG's adjusted revenue per share data for the three months ended in Mar. 2026 was €4.682. 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 €20.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fraport AG  (FRA:FRAS) 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.


Fraport AG Cyclically Adjusted PS Ratio Related Terms


Fraport AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fraport AG'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.

Fraport AG Cyclically Adjusted PS Ratio Chart

Fraport AG 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 1.92 1.13 1.53 1.52 1.74

Fraport AG 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 1.49 1.63 1.84 1.74 1.81

FRA:FRAS vs JOBY: Cyclically Adjusted PS Ratio Comparison

For the Airports & Air Services subindustry, Fraport AG'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.


Fraport AG Cyclically Adjusted PS Ratio vs Transportation Industry

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

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


FRA:FRAS
80GF Score
Fraport AG FRA:FRAS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fraport AG 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.

Fraport AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=34.40/20.53
=1.68

* 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.

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

For example, Fraport AG'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)
=4.682/131.2583*131.2583
=4.682

Current CPI (Mar. 2026) = 131.2583.

Fraport AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.525 100.717 4.594
201609 3.981 101.017 5.173
201612 3.367 101.217 4.366
201703 3.274 101.417 4.237
201706 4.118 102.117 5.293
201709 4.705 102.717 6.012
201712 3.802 102.617 4.863
201803 3.689 102.917 4.705
201806 4.585 104.017 5.786
201809 5.476 104.718 6.864
201812 5.019 104.217 6.321
201903 4.348 104.217 5.476
201906 5.279 105.718 6.554
201909 5.763 106.018 7.135
201912 4.587 105.818 5.690
202003 3.533 105.718 4.387
202006 1.345 106.618 1.656
202009 2.201 105.818 2.730
202012 1.915 105.518 2.382
202103 2.076 107.518 2.534
202106 2.296 108.486 2.778
202109 3.741 109.435 4.487
202112 3.421 110.384 4.068
202203 2.920 113.968 3.363
202206 4.361 115.760 4.945
202209 5.510 118.818 6.087
202212 4.488 119.345 4.936
202303 4.076 122.402 4.371
202306 5.621 123.140 5.992
202309 6.598 124.195 6.973
202312 5.306 123.773 5.627
202403 4.915 125.038 5.160
202406 6.216 125.882 6.482
202409 7.340 126.198 7.634
202412 5.598 127.041 5.784
202503 4.795 127.779 4.926
202506 6.069 128.412 6.204
202509 7.311 129.255 7.424
202512 5.922 129.361 6.009
202603 4.682 131.258 4.682

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 1.68 mean?
Fraport AG (FRA:FRAS) has a Cyclically Adjusted PS Ratio of 1.68 as of Jul. 11, 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 Fraport AG and its competitors. This is near median its historical median of 1.73. Over the past decade, Fraport AG's Cyclically Adjusted PS Ratio has ranged from 1.02 to 3.49. According to the industry distribution chart, Fraport AG ranks #527 out of 751 companies in the Transportation industry, placing it in the top 70.2%.
Is Fraport AG's Cyclically Adjusted PS Ratio too high?
Fraport AG's current Cyclically Adjusted PS Ratio of 1.68 is near median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 3.49. The Transportation industry median Cyclically Adjusted PS Ratio is 0.91. Fraport AG's value of 1.68 is 84.6% above this industry median. Based on the distribution chart, Fraport AG ranks #527 out of 751 companies in the Transportation industry, which is below the industry midpoint. Overall, Fraport AG has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fraport AG's Cyclically Adjusted PS Ratio compare to JOBY?
According to the Transportation industry distribution chart, Fraport AG ranks #527 out of 751 companies for Cyclically Adjusted PS Ratio. This places Fraport AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Fraport AG's value of 1.68 is 84.6% above this benchmark. Historically, Fraport AG's own Cyclically Adjusted PS Ratio has ranged from 1.02 to 3.49 over the past decade. While the company's 10-year median is 1.73 vs. the industry median of 0.91, Fraport AG has consistently been above 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.91, based on 751 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. Fraport AG's current Cyclically Adjusted PS Ratio of 1.68 is 84.6% above 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 Fraport AG and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fraport AG's current Cyclically Adjusted PS Ratio is 1.68, which is near median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fraport AG stock overvalued right now?
Based on GuruFocus' analysis, Fraport AG (FRA:FRAS) is currently considered Modestly Overvalued. The stock's GF Value™ is €29.43, compared to a current price of €34.40 — trading 16.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.68, which is near median its 10-year median of 1.73 and 84.6% above the Transportation industry median of 0.91. Fraport AG's overall GF Score™ is 80/100 with 6 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 Fraport AG (FRA:FRAS), the current Cyclically Adjusted PS Ratio is 1.68 as of Jul. 11, 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 Fraport AG (FRA:FRAS) Overvalued in 2026?

Based on GuruFocus' analysis, Fraport AG stock appears to be overvalued. The current stock price of €34.40 is trading 16.9% above its estimated GF Value™ of €29.43. GuruFocus considers Fraport AG to be Modestly Overvalued.

Key valuation signals for FRA:FRAS:

  • Cyclically Adjusted PS Ratio: 1.68 (near median its 10-year median of 1.73)
  • GF Value™: €29.43 vs. price of €34.40 (16.9% above fair value)
  • GF Score™: 80/100 with 6 warning signs
  • Industry Position: 84.6% above the Transportation median (#527 of 751)

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


Fraport AG Business Description

Address Frankfurt Airport Services Worldwide, Frankfurt am Main, HE, DEU, 60547
Fraport owns and operates Frankfurt Airport, a European cargo and transfer hub, and international concessions including Lima Airport, Antalya Airport, and a network of 14 Greek airports. Frankfurt Airport operates under a dual-till model, leaving its commercial activities completely unregulated. The German business is split between regulated aviation activities, retail & real estate activities, and ground handling services. In 2025, retail & real estate contributed 33% of the group's operating profit, despite generating only 13% of the sales. Lufthansa accounted for 65% of Frankfurt Airport's total seat capacity in 2025. It has the highest contribution from its international segment among our European airport coverage, with 42% of EBITDA deriving from overseas operations in 2025.
80GF Score

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

€34.40
Price
€29.43
GF Value