Kazakhtelecom JSC (FRA:KZTA) Cyclically Adjusted PS Ratio: 0.44 (As of Aug. 03, 2026) — 36% Below Median

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FRA:KZTA Kazakhtelecom JSC FRA:KZTA
77 GF Score
Price €2.12
GF Value €3.13
Valuation Possible Value Trap
! 13 Warning Signs
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What is Kazakhtelecom JSC Cyclically Adjusted PS Ratio?

Kazakhtelecom JSC FRA:KZTA 77 Cyclically Adjusted PS Ratio is 0.44 as of Aug. 03, 2026, which is 36% below its 10-year median of 0.69. GuruFocus rates FRA:KZTA with a GF Score™ of 77/100 and a GF Value™ of €3.13 (Possible Value Trap). The stock has 13 warning signs investors should review. Among 301 Telecommunication Services companies, Kazakhtelecom JSC ranks better than 74.09% on this metric.

As of today (2026-08-03), Kazakhtelecom JSC's current share price is €2.12. Kazakhtelecom JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was €4.83. Kazakhtelecom JSC's Cyclically Adjusted PS Ratio for today is 0.44.

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

FRA:KZTA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.69   Max: 1.25
Current: 0.56

During the past years, Kazakhtelecom JSC's highest Cyclically Adjusted PS Ratio was 1.25. The lowest was 0.56. And the median was 0.69.

FRA:KZTA's Cyclically Adjusted PS Ratio is ranked better than
74.09% of 301 companies
in the Telecommunication Services industry
Industry Median: 1.17 vs FRA:KZTA: 0.56

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.

Kazakhtelecom JSC's adjusted revenue per share data for the three months ended in Dec. 2025 was €1.245. 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 €4.83 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kazakhtelecom JSC  (FRA:KZTA) 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.


Kazakhtelecom JSC Cyclically Adjusted PS Ratio Related Terms


Kazakhtelecom JSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kazakhtelecom JSC'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.

Kazakhtelecom JSC Cyclically Adjusted PS Ratio Chart

Kazakhtelecom JSC 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 0.87 0.65 0.65 0.90 0.64

Kazakhtelecom JSC Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.90 0.85 0.81 0.73 0.64

FRA:KZTA vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Kazakhtelecom JSC'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.


Kazakhtelecom JSC Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kazakhtelecom JSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:KZTA
77GF Score
Kazakhtelecom JSC FRA:KZTA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kazakhtelecom JSC 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.

Kazakhtelecom JSC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.12/4.83
=0.44

* 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.

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

For example, Kazakhtelecom JSC'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)
=1.245/324.0540*324.0540
=1.245

Current CPI (Dec. 2025) = 324.0540.

Kazakhtelecom JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.760 238.132 1.034
201606 0.776 241.018 1.043
201609 0.850 241.428 1.141
201612 0.873 241.432 1.172
201703 0.904 243.801 1.202
201706 0.858 244.955 1.135
201709 0.766 246.819 1.006
201712 0.786 246.524 1.033
201803 0.788 249.554 1.023
201806 0.812 251.989 1.044
201809 0.760 252.439 0.976
201812 0.849 251.233 1.095
201903 1.252 254.202 1.596
201906 1.282 256.143 1.622
201909 1.678 256.759 2.118
201912 1.734 256.974 2.187
202003 1.770 258.115 2.222
202006 1.624 257.797 2.041
202009 1.707 260.280 2.125
202012 1.605 260.474 1.997
202103 1.666 264.877 2.038
202106 1.693 271.696 2.019
202109 1.813 274.310 2.142
202112 1.831 278.802 2.128
202203 1.600 287.504 1.803
202206 2.078 296.311 2.273
202209 2.237 296.808 2.442
202212 1.850 296.797 2.020
202303 2.099 301.836 2.254
202306 1.339 305.109 1.422
202309 1.411 307.789 1.486
202312 1.455 306.746 1.537
202403 1.454 312.332 1.509
202406 1.508 314.175 1.555
202409 1.375 315.301 1.413
202412 1.416 315.605 1.454
202503 1.515 319.799 1.535
202506 1.388 322.561 1.394
202509 1.327 324.800 1.324
202512 1.245 324.054 1.245

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 0.44 mean?
Kazakhtelecom JSC (FRA:KZTA) has a Cyclically Adjusted PS Ratio of 0.44 as of Aug. 03, 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 Kazakhtelecom JSC and its competitors. This is 36% below median its historical median of 0.69. Over the past decade, Kazakhtelecom JSC's Cyclically Adjusted PS Ratio has ranged from 0.56 to 1.25. According to the industry distribution chart, Kazakhtelecom JSC ranks #78 out of 301 companies in the Telecommunication Services industry, placing it in the top 25.9%.
Is Kazakhtelecom JSC's Cyclically Adjusted PS Ratio too high?
Kazakhtelecom JSC's current Cyclically Adjusted PS Ratio of 0.44 is 36% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.25. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.17. Kazakhtelecom JSC's value of 0.44 is 62.4% below this industry median. Based on the distribution chart, Kazakhtelecom JSC ranks #78 out of 301 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Kazakhtelecom JSC has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kazakhtelecom JSC's Cyclically Adjusted PS Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Kazakhtelecom JSC ranks #78 out of 301 companies for Cyclically Adjusted PS Ratio. This puts Kazakhtelecom JSC in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.17. Kazakhtelecom JSC's value of 0.44 is 62.4% below this benchmark. Historically, Kazakhtelecom JSC's own Cyclically Adjusted PS Ratio has ranged from 0.56 to 1.25 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.17, Kazakhtelecom JSC has consistently been below 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.17, based on 301 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. Kazakhtelecom JSC's current Cyclically Adjusted PS Ratio of 0.44 is 62.4% below 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 Kazakhtelecom JSC and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kazakhtelecom JSC's current Cyclically Adjusted PS Ratio is 0.44, which is 36% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kazakhtelecom JSC stock overvalued right now?
Based on GuruFocus' analysis, Kazakhtelecom JSC (FRA:KZTA) is currently considered Possible Value Trap. The stock's GF Value™ is €3.13, compared to a current price of €2.12 — trading 32.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.44, which is 36% below median its 10-year median of 0.69 and 62.4% below the Telecommunication Services industry median of 1.17. Kazakhtelecom JSC's overall GF Score™ is 77/100 with 13 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 Kazakhtelecom JSC (FRA:KZTA), the current Cyclically Adjusted PS Ratio is 0.44 as of Aug. 03, 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 Kazakhtelecom JSC (FRA:KZTA) Overvalued in 2026?

Based on GuruFocus' analysis, Kazakhtelecom JSC stock appears to be undervalued. The current stock price of €2.12 is trading 32.3% below its estimated GF Value™ of €3.13. GuruFocus considers Kazakhtelecom JSC to be Possible Value Trap.

Key valuation signals for FRA:KZTA:

  • Cyclically Adjusted PS Ratio: 0.44 (36% below median its 10-year median of 0.69)
  • GF Value™: €3.13 vs. price of €2.12 (32.3% below fair value)
  • GF Score™: 77/100 with 13 warning signs
  • Industry Position: 62.4% below the Telecommunication Services median (#78 of 301)

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


Kazakhtelecom JSC Business Description

Address 12, Sauran Street, Essil District, Nur-Sultan, KAZ, 010000
Kazakhtelecom JSC is engaged in providing telecommunication services. The company offers fixed line and mobile telecommunication services which include local, long-distance intercity, and international telecommunication services including CIS and non-CIS countries. In addition, it also provides rent of channels, data transfer services, and wireless communication services. The group operating segments include Fixed lines; Mobile telecommunication services in GSM and LTE standards and others. It generates maximum revenue from Mobile telecommunication services in GSM and LTE standards segment.
77GF Score

Get the complete analysis for FRA:KZTA

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

€2.12
Price
€3.13
GF Value