Future (FRA:FSX) Cyclically Adjusted PS Ratio: 3.18 (As of Jul. 11, 2026) — Near Median


FRA:FSX Future Corp FRA:FSX
80 GF Score
Price €750.00
GF Value €996.10
! 1 Warning Sign
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What is Future Cyclically Adjusted PS Ratio?

Future FRA:FSX 80 Cyclically Adjusted PS Ratio is 3.18 as of Jul. 11, 2026, which is 4% above its 10-year median of 3.05. GuruFocus rates FRA:FSX with a GF Score™ of 80/100 and a GF Value™ of €996.10. The stock has 1 warning sign investors should review. Among 1,587 Software companies, Future ranks worse than 62.26% on this metric.

As of today (2026-07-11), Future's current share price is €750.00. Future's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was €235.94. Future's Cyclically Adjusted PS Ratio for today is 3.18.

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

FRA:FSX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.58   Med: 3.05   Max: 5.1
Current: 2.69

During the past years, Future's highest Cyclically Adjusted PS Ratio was 5.10. The lowest was 1.58. And the median was 3.05.

FRA:FSX's Cyclically Adjusted PS Ratio is ranked worse than
62.26% of 1587 companies
in the Software industry
Industry Median: 1.64 vs FRA:FSX: 2.69

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.

Future's adjusted revenue per share data for the three months ended in Dec. 2025 was €1.280. 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 €235.94 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Future  (FRA:FSX) 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.


Future Cyclically Adjusted PS Ratio Related Terms


Future Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Future'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.

Future Cyclically Adjusted PS Ratio Chart

Future 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 4.14 3.48 3.42 3.24 3.18

Future 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 2.98 3.61 3.82 3.18 0.00

FRA:FSX vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Future'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.


Future Cyclically Adjusted PS Ratio vs Software Industry

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

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


FRA:FSX
80GF Score
Future Corp FRA:FSX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Future 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.

Future's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=750.00/235.94
=3.18

* 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.

Future's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Future's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.28/113.0000*113.0000
=1.280

Current CPI (Dec. 2025) = 113.0000.

Future Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.765 97.900 0.883
201606 0.815 98.100 0.939
201609 0.824 98.000 0.950
201612 0.732 98.400 0.841
201703 0.807 98.100 0.930
201706 0.767 98.500 0.880
201709 0.782 98.800 0.894
201712 0.817 99.400 0.929
201803 0.788 99.200 0.898
201806 0.854 99.200 0.973
201809 0.835 99.900 0.944
201812 1.001 99.700 1.135
201903 0.966 99.700 1.095
201906 1.041 99.800 1.179
201909 1.101 100.100 1.243
201912 1.062 100.500 1.194
202003 1.037 100.300 1.168
202006 1.033 99.900 1.168
202009 0.934 99.900 1.056
202012 1.065 99.300 1.212
202103 0.968 99.900 1.095
202106 1.025 99.500 1.164
202109 1.104 100.100 1.246
202112 1.134 100.100 1.280
202203 1.090 101.100 1.218
202206 1.064 101.800 1.181
202209 1.088 103.100 1.192
202212 1.116 104.100 1.211
202303 1.102 104.400 1.193
202306 1.060 105.200 1.139
202309 1.136 106.200 1.209
202312 1.086 106.800 1.149
202403 1.041 107.200 1.097
202406 1.191 108.200 1.244
202409 1.349 108.900 1.400
202412 1.259 110.700 1.285
202503 1.213 111.100 1.234
202506 1.241 111.700 1.255
202509 1.276 112.000 1.287
202512 1.280 113.000 1.280

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 3.18 mean?
Future (FRA:FSX) has a Cyclically Adjusted PS Ratio of 3.18 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 Future and its competitors. This is near median its historical median of 3.05. Over the past decade, Future's Cyclically Adjusted PS Ratio has ranged from 1.58 to 5.10. According to the industry distribution chart, Future ranks #988 out of 1587 companies in the Software industry, placing it in the top 62.3%.
Is Future's Cyclically Adjusted PS Ratio too high?
Future's current Cyclically Adjusted PS Ratio of 3.18 is near median its 10-year median of 3.05. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 5.10. The Software industry median Cyclically Adjusted PS Ratio is 1.64. Future's value of 3.18 is 93.9% above this industry median. Based on the distribution chart, Future ranks #988 out of 1587 companies in the Software industry, which is below the industry midpoint. Overall, Future has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Future's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Future ranks #988 out of 1587 companies for Cyclically Adjusted PS Ratio. This places Future in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.64. Future's value of 3.18 is 93.9% above this benchmark. Historically, Future's own Cyclically Adjusted PS Ratio has ranged from 1.58 to 5.10 over the past decade. While the company's 10-year median is 3.05 vs. the industry median of 1.64, Future 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.64, based on 1,587 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. Future's current Cyclically Adjusted PS Ratio of 3.18 is 93.9% 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 Future and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Future's current Cyclically Adjusted PS Ratio is 3.18, which is near median its own 10-year median of 3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future stock overvalued right now?
Future (FRA:FSX) has a current Cyclically Adjusted PS Ratio of 3.18. The stock's GF Value™ is €996.10, compared to a current price of €750.00 — trading 24.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.18, which is near median its 10-year median of 3.05 and 93.9% above the Software industry median of 1.64. Future's overall GF Score™ is 80/100 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 Future (FRA:FSX), the current Cyclically Adjusted PS Ratio is 3.18 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 Future (FRA:FSX) Overvalued in 2026?

Based on GuruFocus' analysis, Future stock appears to be undervalued. The current stock price of €750.00 is trading 24.7% below its estimated GF Value™ of €996.10.

Key valuation signals for FRA:FSX:

  • Cyclically Adjusted PS Ratio: 3.18 (near median its 10-year median of 3.05)
  • GF Value™: €996.10 vs. price of €750.00 (24.7% below fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 93.9% above the Software median (#988 of 1587)

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


Future Business Description

Other Exchanges 4722:Japan
Address 1-2-2 Osaki, Tokyo Art Village Osaki Central Tower, Shinagawa-ku, Tokyo, JPN, 141-0032
Future Corp is a holding company. Through its subsidiaries, the company operates on two main pillars: "IT Consulting & Services" and "Business Innovation," both based on technology. Its IT Consulting & Services activities include providing technology-related consulting services to clients. The Business Innovation segment develops services in areas such as digital marketing, sports, education, and e-commerce by utilizing the group's operational and technological expertise.
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.

€750.00
Price
€996.10
GF Value