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.
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.
Federal SignalFRA:FSG 99 Cyclically Adjusted PS Ratio is 4.66 as of Aug. 03, 2026, which is 104% above its 10-year median of 2.28. GuruFocus rates FRA:FSG with a GF Score™ of 99/100 and a GF Value™ of €98.00 (Fairly Valued). The stock has 1 warning sign investors should review. Among 169 Farm & Heavy Construction Machinery companies, Federal Signal ranks worse than 92.31% on this metric.
The historical rank and industry rank for Federal Signal's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:FSG'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.88 Med: 2.28 Max: 5.35
Current: 4.58
During the past years, Federal Signal's highest Cyclically Adjusted PS Ratio was 5.35. The lowest was 0.88. And the median was 2.28.
FRA:FSG's Cyclically Adjusted PS Ratio is ranked worse than 92.31% of 169
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.05
vs FRA:FSG: 4.58
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.
Federal Signal's adjusted revenue per share data for the three months ended in Jun. 2026 was €9.459. 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 €21.44 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Federal Signal (FRA:FSG) 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.
Federal Signal Cyclically Adjusted PS Ratio Related Terms
Federal Signal Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Federal Signal'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.
FRA:FSG vs TEX, AGCO, OSK: Cyclically Adjusted PS Ratio Comparison
For the Farm & Heavy Construction Machinery subindustry, Federal Signal'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.
Federal Signal Cyclically Adjusted PS Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Federal Signal's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Federal Signal's Cyclically Adjusted PS Ratio falls into.
Federal Signal 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.
Federal Signal'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 4.66 mean?
Federal Signal (FRA:FSG) has a Cyclically Adjusted PS Ratio of 4.66 as of Aug. 03, 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 Federal Signal and its competitors. This is 104% above median its historical median of 2.28. Over the past decade, Federal Signal's Cyclically Adjusted PS Ratio has ranged from 0.88 to 5.35. According to the industry distribution chart, Federal Signal ranks #156 out of 169 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 92.3%.
Is Federal Signal's Cyclically Adjusted PS Ratio too high?
Federal Signal's current Cyclically Adjusted PS Ratio of 4.66 is 104% above median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 5.35. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PS Ratio is 1.05. Federal Signal's value of 4.66 is 343.8% above this industry median. Based on the distribution chart, Federal Signal ranks #156 out of 169 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Federal Signal has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Federal Signal's Cyclically Adjusted PS Ratio compare to TEX and AGCO?
According to the Farm & Heavy Construction Machinery industry distribution chart, Federal Signal ranks #156 out of 169 companies for Cyclically Adjusted PS Ratio. This places Federal Signal in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.05. Federal Signal's value of 4.66 is 343.8% above this benchmark. Historically, Federal Signal's own Cyclically Adjusted PS Ratio has ranged from 0.88 to 5.35 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 1.05, Federal Signal 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PS Ratio among Farm & Heavy Construction Machinery companies is 1.05, based on 169 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. Federal Signal's current Cyclically Adjusted PS Ratio of 4.66 is 343.8% 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 Federal Signal and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PS Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal Signal's current Cyclically Adjusted PS Ratio is 4.66, which is 104% above median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal Signal stock overvalued right now?
Based on GuruFocus' analysis, Federal Signal (FRA:FSG) is currently considered Fairly Valued. The stock's GF Value™ is €98.00, compared to a current price of €100.00 — trading 2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.66, which is 104% above median its 10-year median of 2.28 and 343.8% above the Farm & Heavy Construction Machinery industry median of 1.05. Federal Signal's overall GF Score™ is 99/100 with 1 warning sign 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 Federal Signal (FRA:FSG), the current Cyclically Adjusted PS Ratio is 4.66 as of Aug. 03, 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 Federal Signal (FRA:FSG) Overvalued in 2026?
Based on GuruFocus' analysis, Federal Signal stock appears to be overvalued.
The current stock price of €100.00 is trading 2% above its estimated GF Value™ of €98.00.
GuruFocus considers Federal Signal to be Fairly Valued.
Key valuation signals for FRA:FSG:
Cyclically Adjusted PS Ratio: 4.66 (104% above median its 10-year median of 2.28)
GF Value™: €98.00 vs. price of €100.00 (2% above fair value)
Industry Position: 343.8% above the Farm & Heavy Construction Machinery median (#156 of 169)
No single metric tells the full story. See the FRA:FSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Federal Signal Corp designs and manufactures products and integrated solutions for municipal, governmental, industrial, and airport customers. It operates through two segments. The Environmental Solutions Group manufactures and supplies street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks, high-performance water blasting equipment, dump truck bodies, and trailers. The Safety and Security Systems Group manufactures and supplies comprehensive systems and products used by law enforcement, fire rescue, and industrial sites to protect people and property. Its offerings include systems for community alerting and industrial communications. The company generates the majority of its revenue from the Environmental Solutions Group segment.
99GF Score
Get the complete analysis for FRA:FSG
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:FSG has been successfully added to your 
