Fulton Financial (FRA:FU5) Cyclically Adjusted PS Ratio: 3.82 (As of Jul. 31, 2026) — 16% Above Median

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FRA:FU5 Fulton Financial Corp FRA:FU5
67 GF Score
Price €20.80
GF Value €14.72
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Fulton Financial Cyclically Adjusted PS Ratio?

Fulton Financial FRA:FU5 -0.95% 67 Cyclically Adjusted PS Ratio is 3.82 as of Jul. 31, 2026, which is 16% above its 10-year median of 3.30. GuruFocus rates FRA:FU5 with a GF Score™ of 67/100 and a GF Value™ of €14.72 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,299 Banks companies, Fulton Financial ranks worse than 55.12% on this metric.

As of today (2026-07-31), Fulton Financial's current share price is €20.80. Fulton Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €5.44. Fulton Financial's Cyclically Adjusted PS Ratio for today is 3.82.

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

FRA:FU5' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.78   Med: 3.3   Max: 4.74
Current: 3.65

During the past years, Fulton Financial's highest Cyclically Adjusted PS Ratio was 4.74. The lowest was 1.78. And the median was 3.30.

FRA:FU5's Cyclically Adjusted PS Ratio is ranked worse than
55.12% of 1299 companies
in the Banks industry
Industry Median: 3.43 vs FRA:FU5: 3.65

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.

Fulton Financial's adjusted revenue per share data for the three months ended in Mar. 2026 was €1.580. 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 €5.44 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fulton Financial  (FRA:FU5) 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.


Fulton Financial Cyclically Adjusted PS Ratio Related Terms


Fulton Financial Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fulton Financial'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.

Fulton Financial Cyclically Adjusted PS Ratio Chart

Fulton Financial 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 3.41 3.10 2.84 3.14 2.98

Fulton Financial 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 2.84 2.89 2.98 3.05 0.00

FRA:FU5 vs IBOC, SFBS, FFIN: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Fulton Financial'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.


Fulton Financial Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Fulton Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:FU5
67GF Score
Fulton Financial Corp FRA:FU5
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fulton Financial 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.

Fulton Financial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=20.80/5.44
=3.82

* 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.

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

For example, Fulton Financial'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)
=1.58/330.2130*330.2130
=1.580

Current CPI (Mar. 2026) = 330.2130.

Fulton Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.894 241.018 1.225
201609 0.915 241.428 1.251
201612 1.003 241.432 1.372
201703 0.981 243.801 1.329
201706 0.983 244.955 1.325
201709 0.946 246.819 1.266
201712 0.964 246.524 1.291
201803 0.906 249.554 1.199
201806 0.993 251.989 1.301
201809 1.022 252.439 1.337
201812 1.063 251.233 1.397
201903 1.088 254.202 1.413
201906 1.145 256.143 1.476
201909 1.208 256.759 1.554
201912 1.170 256.974 1.503
202003 1.186 258.115 1.517
202006 1.142 257.797 1.463
202009 1.135 260.280 1.440
202012 1.094 260.474 1.387
202103 1.159 264.877 1.445
202106 1.085 271.696 1.319
202109 1.216 274.310 1.464
202112 1.437 278.802 1.702
202203 1.215 287.504 1.395
202206 1.385 296.311 1.543
202209 1.644 296.808 1.829
202212 1.564 296.797 1.740
202303 1.483 301.836 1.622
202306 1.510 305.109 1.634
202309 1.523 307.789 1.634
202312 1.503 306.746 1.618
202403 1.477 312.332 1.562
202406 1.402 314.175 1.474
202409 1.597 315.301 1.673
202412 1.675 315.605 1.753
202503 1.600 319.799 1.652
202506 1.527 322.561 1.563
202509 1.554 324.800 1.580
202512 1.579 324.054 1.609
202603 1.580 330.213 1.580

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 3.82 mean?
Fulton Financial (FRA:FU5) has a Cyclically Adjusted PS Ratio of 3.82 as of Jul. 31, 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 Fulton Financial and its competitors. This is 16% above median its historical median of 3.30. Over the past decade, Fulton Financial's Cyclically Adjusted PS Ratio has ranged from 1.78 to 4.74. According to the industry distribution chart, Fulton Financial ranks #716 out of 1299 companies in the Banks industry, placing it in the top 55.1%.
Is Fulton Financial's Cyclically Adjusted PS Ratio too high?
Fulton Financial's current Cyclically Adjusted PS Ratio of 3.82 is 16% above median its 10-year median of 3.30. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 4.74. The Banks industry median Cyclically Adjusted PS Ratio is 3.43. Fulton Financial's value of 3.82 is 11.4% above this industry median. Based on the distribution chart, Fulton Financial ranks #716 out of 1299 companies in the Banks industry, which is below the industry midpoint. Overall, Fulton Financial has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fulton Financial's Cyclically Adjusted PS Ratio compare to IBOC and SFBS?
According to the Banks industry distribution chart, Fulton Financial ranks #716 out of 1299 companies for Cyclically Adjusted PS Ratio. This places Fulton Financial in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.43. Fulton Financial's value of 3.82 is 11.4% above this benchmark. Historically, Fulton Financial's own Cyclically Adjusted PS Ratio has ranged from 1.78 to 4.74 over the past decade. While the company's 10-year median is 3.30 vs. the industry median of 3.43, Fulton Financial 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.43, based on 1,299 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. Fulton Financial's current Cyclically Adjusted PS Ratio of 3.82 is 11.4% 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 Fulton Financial and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fulton Financial's current Cyclically Adjusted PS Ratio is 3.82, which is 16% above median its own 10-year median of 3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulton Financial stock overvalued right now?
Based on GuruFocus' analysis, Fulton Financial (FRA:FU5) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.72, compared to a current price of €20.80 — trading 41.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.82, which is 16% above median its 10-year median of 3.30 and 11.4% above the Banks industry median of 3.43. Fulton Financial's overall GF Score™ is 67/100 with 8 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 Fulton Financial (FRA:FU5), the current Cyclically Adjusted PS Ratio is 3.82 as of Jul. 31, 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 Fulton Financial (FRA:FU5) Overvalued in 2026?

Based on GuruFocus' analysis, Fulton Financial stock appears to be overvalued. The current stock price of €20.80 is trading 41.3% above its estimated GF Value™ of €14.72. GuruFocus considers Fulton Financial to be Significantly Overvalued.

Key valuation signals for FRA:FU5:

  • Cyclically Adjusted PS Ratio: 3.82 (16% above median its 10-year median of 3.30)
  • GF Value™: €14.72 vs. price of €20.80 (41.3% above fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 11.4% above the Banks median (#716 of 1299)

No single metric tells the full story. See the FRA:FU5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fulton Financial Business Description

Other Exchanges FULTP.PFD:USAFULT:USA
Address One Penn Square, P.O Box 4887, Lancaster, PA, USA, 17604
Fulton Financial Corp is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. It offers consumer and commercial banking products and services, as well as wealth management products and services. The bank derives its revenue from non-interest income, led by its Wealth Management division.
67GF Score

Get the complete analysis for FRA:FU5

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

€20.80
Price
€14.72
GF Value