Leef Brands (FRA:H3G) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:H3G Leef Brands Inc FRA:H3G
34 GF Score
Price €0.14
GF Value €0.09
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Leef Brands Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Leef Brands  (FRA:H3G) 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.


Leef Brands Cyclically Adjusted PS Ratio Related Terms


Leef Brands Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Leef Brands'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.

Leef Brands Cyclically Adjusted PS Ratio Chart

Leef Brands Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
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Leef Brands Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 - - 0.51 0.54 0.53

FRA:H3G vs ZTS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Leef Brands'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.


Leef Brands Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Leef Brands's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:H3G
34GF Score
Leef Brands Inc FRA:H3G
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Leef Brands 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.

Leef Brands's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Leef Brands's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.167/130.3661*130.3661
=0.167

Current CPI (Dec25) = 130.3661.

Leef Brands Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201607 0.000 101.844 0.000
201707 0.000 103.029 0.000
201807 0.000 106.110 0.000
201907 0.015 108.243 0.018
202007 0.283 108.401 0.340
202107 0.282 112.431 0.327
202212 0.351 120.964 0.378
202312 0.244 125.072 0.254
202412 0.185 127.364 0.189
202512 0.167 130.366 0.167

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 Leef Brands (FRA:H3G) Overvalued in 2026?

Based on GuruFocus' analysis, Leef Brands stock appears to be overvalued. The current stock price of €0.14 is trading 56.7% above its estimated GF Value™ of €0.09. GuruFocus considers Leef Brands to be Significantly Overvalued.

Key valuation signals for FRA:H3G:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.09 vs. price of €0.14 (56.7% above fair value)
  • GF Score™: 34/100 with 6 warning signs

No single metric tells the full story. See the FRA:H3G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Leef Brands Business Description

Other Exchanges LEEEF:USALEEF:Canada
Address 666 Burrard Street, Suite 2500 Park Place, Vancouver, BC, CAN, V6C 2X8
Leef Brands Inc is a vertically integrated cannabis extraction and manufacturing operator based in California. The company operates in two reportable segments: Wholesale concentrates and Retail. The wholesale concentrate segment includes the propagation, nursery, flowering canopy, drying, processing, manufacturing and distribution of cannabis concentrates. The retail segment includes company owned and operated retail cannabis store in the state of California. It derives majority of the revenue from Wholesale concentrates segment.
34GF Score

Get the complete analysis for FRA:H3G

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

€0.14
Price
€0.09
GF Value