German American Bancorp (FRA:GAB) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:GAB German American Bancorp Inc FRA:GAB
61 GF Score
Price €41.40
GF Value €38.66
! 3 Warning Signs
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What is German American Bancorp Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


German American Bancorp  (FRA:GAB) 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.


German American Bancorp Cyclically Adjusted PS Ratio Related Terms


German American Bancorp Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for German American Bancorp'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.

German American Bancorp Cyclically Adjusted PS Ratio Chart

German American Bancorp 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 5.99 5.34 4.20 4.51 4.09

German American Bancorp 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 4.06 4.01 4.06 4.23 4.75

FRA:GAB vs FSUN, RBCAA, LOB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, German American Bancorp'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.


German American Bancorp Cyclically Adjusted PS Ratio vs Banks Industry

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

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


FRA:GAB
61GF Score
German American Bancorp Inc FRA:GAB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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German American Bancorp 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.

German American Bancorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, German American Bancorp's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.288/333.9520*333.9520
=2.288

Current CPI (Jun. 2026) = 333.9520.

German American Bancorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.264 241.428 1.748
201612 1.332 241.432 1.842
201703 1.334 243.801 1.827
201706 1.292 244.955 1.761
201709 1.230 246.819 1.664
201712 1.223 246.524 1.657
201803 1.242 249.554 1.662
201806 1.327 251.989 1.759
201809 1.404 252.439 1.857
201812 1.503 251.233 1.998
201903 1.598 254.202 2.099
201906 1.577 256.143 2.056
201909 1.699 256.759 2.210
201912 1.706 256.974 2.217
202003 1.723 258.115 2.229
202006 1.742 257.797 2.257
202009 1.667 260.280 2.139
202012 1.785 260.474 2.289
202103 1.675 264.877 2.112
202106 1.676 271.696 2.060
202109 1.811 274.310 2.205
202112 1.821 278.802 2.181
202203 1.906 287.504 2.214
202206 2.057 296.311 2.318
202209 2.212 296.808 2.489
202212 2.199 296.797 2.474
202303 2.022 301.836 2.237
202306 1.962 305.109 2.147
202309 1.932 307.789 2.096
202312 1.926 306.746 2.097
202403 1.886 312.332 2.017
202406 2.031 314.175 2.159
202409 1.916 315.301 2.029
202412 2.043 315.605 2.162
202503 2.227 319.799 2.326
202506 2.116 322.561 2.191
202509 2.146 324.800 2.206
202512 2.197 324.054 2.264
202603 2.188 330.213 2.213
202606 2.288 333.952 2.288

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.

Is German American Bancorp (FRA:GAB) Overvalued in 2026?

Based on GuruFocus' analysis, German American Bancorp stock appears to be overvalued. The current stock price of €41.40 is trading 7.1% above its estimated GF Value™ of €38.66.

Key valuation signals for FRA:GAB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €38.66 vs. price of €41.40 (7.1% above fair value)
  • GF Score™: 61/100 with 3 warning signs

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


German American Bancorp Business Description

Other Exchanges GABC:USA
Address 711 Main Street, P.O. Box 810, Jasper, IN, USA, 47546
German American Bancorp Inc is a bank holding company. The lines of business include the core banking segment and the wealth management segment. The core banking segment involves attracting deposits from the general public and using those funds to originate consumer, commercial, and agricultural real estate, and residential mortgage loans. These core banking activities also include the sale of residential mortgage loans in the secondary market. Wealth management services, which involve providing trust, investment advisory, brokerage, and retirement planning services to customers. The company generates the majority of its revenue from the core banking segment.
61GF Score

Get the complete analysis for FRA:GAB

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

€41.40
Price
€38.66
GF Value