Star Equity Holdings (FRA:HDH1) 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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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:HDH1 Star Equity Holdings Inc FRA:HDH1
57 GF Score
Price €8.75
GF Value €13.51
Valuation Possible Value Trap
! 5 Warning Signs
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What is Star Equity Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Star Equity Holdings  (FRA:HDH1) 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.


Star Equity Holdings Cyclically Adjusted PS Ratio Related Terms


Star Equity Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Star Equity Holdings'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.

Star Equity Holdings Cyclically Adjusted PS Ratio Chart

Star Equity Holdings 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 0.33 0.38 0.18 0.17 0.17

Star Equity Holdings 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 0.12 0.17 0.17 0.17 0.19

FRA:HDH1 vs JOB, BGSF, CIRC: Cyclically Adjusted PS Ratio Comparison

For the Staffing & Employment Services subindustry, Star Equity Holdings'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.


Star Equity Holdings Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Star Equity Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:HDH1
57GF Score
Star Equity Holdings Inc FRA:HDH1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Star Equity Holdings 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.

Star Equity Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Star Equity Holdings'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)
=12.757/333.9520*333.9520
=12.757

Current CPI (Jun. 2026) = 333.9520.

Star Equity Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 28.862 241.428 39.923
201612 28.866 241.432 39.928
201703 4.082 243.801 5.591
201706 4.116 244.955 5.611
201709 4.213 246.819 5.700
201712 4.155 246.524 5.629
201803 4.104 249.554 5.492
201806 4.425 251.989 5.864
201809 4.449 252.439 5.886
201812 4.382 251.233 5.825
201903 4.336 254.202 5.696
201906 7.627 256.143 9.944
201909 7.431 256.759 9.665
201912 7.388 256.974 9.601
202003 7.146 258.115 9.246
202006 7.860 257.797 10.182
202009 7.612 260.280 9.767
202012 7.922 260.474 10.157
202103 9.896 264.877 12.477
202106 11.333 271.696 13.930
202109 12.635 274.310 15.382
202112 14.216 278.802 17.028
202203 14.847 287.504 17.246
202206 16.918 296.311 19.067
202209 15.344 296.808 17.264
202212 13.623 296.797 15.328
202303 12.858 301.836 14.226
202306 13.146 305.109 14.389
202309 11.530 307.789 12.510
202312 10.005 306.746 10.892
202403 10.268 312.332 10.979
202406 11.017 314.175 11.711
202409 11.276 315.301 11.943
202412 10.592 315.605 11.208
202503 10.143 319.799 10.592
202506 10.470 322.561 10.840
202509 12.577 324.800 12.931
202512 13.772 324.054 14.193
202603 11.429 330.213 11.558
202606 12.757 333.952 12.757

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 Star Equity Holdings (FRA:HDH1) Overvalued in 2026?

Based on GuruFocus' analysis, Star Equity Holdings stock appears to be undervalued. The current stock price of €8.75 is trading 35.2% below its estimated GF Value™ of €13.51. GuruFocus considers Star Equity Holdings to be Possible Value Trap.

Key valuation signals for FRA:HDH1:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €13.51 vs. price of €8.75 (35.2% below fair value)
  • GF Score™: 57/100 with 5 warning signs

No single metric tells the full story. See the FRA:HDH1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Star Equity Holdings Business Description

Other Exchanges STRR:USA
Address 53 Forest Avenue, Suite 101, Old Greenwich, CT, USA, 06870
Star Equity Holdings Inc is a diversified multi-industry holding company operating through four reportable segments: Building Solutions, Business Services, Energy Services, and Investments. The company derives majority of the revenue from Business Services segment that provides customized recruitment and contracting solutions to mid-to-large multinational companies. Service offerings include Recruitment Process Outsourcing, project-based RPO, contingent workforce solutions, recruitment consulting, outsourced professional contract staffing, and managed service provider services.
57GF Score

Get the complete analysis for FRA:HDH1

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

€8.75
Price
€13.51
GF Value