Largo (FRA:LR8) Cyclically Adjusted PS Ratio: 0.21 (As of Sep. 06, 2026) — 92% Below Median

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FRA:LR8 Largo Inc FRA:LR8
53 GF Score
Price €0.59
GF Value €0.90
Valuation Possible Value Trap
! 5 Warning Signs
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What is Largo Cyclically Adjusted PS Ratio?

Largo FRA:LR8 -2.50% 53 Cyclically Adjusted PS Ratio is 0.21 as of Sep. 06, 2026, which is 92% below its 10-year median of 2.50. GuruFocus rates FRA:LR8 with a GF Score™ of 53/100 and a GF Value™ of €0.90 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 577 Metals & Mining companies, Largo ranks better than 92.2% on this metric.

As of today (2026-09-06), Largo's current share price is €0.586. Largo's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €2.74. Largo's Cyclically Adjusted PS Ratio for today is 0.21.

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

FRA:LR8' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.2   Med: 2.5   Max: 11.75
Current: 0.23

During the past years, Largo's highest Cyclically Adjusted PS Ratio was 11.75. The lowest was 0.20. And the median was 2.50.

FRA:LR8's Cyclically Adjusted PS Ratio is ranked better than
92.2% of 577 companies
in the Metals & Mining industry
Industry Median: 2.32 vs FRA:LR8: 0.23

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.

Largo's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.370. 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 €2.74 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Largo  (FRA:LR8) 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.


Largo Cyclically Adjusted PS Ratio Related Terms


Largo Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Largo'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.

Largo Cyclically Adjusted PS Ratio Chart

Largo 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 3.04 1.76 0.71 0.59 0.32

Largo 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 0.42 0.50 0.32 0.38 0.21

Largo Cyclically Adjusted PS Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Largo'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.


Largo Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Largo's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:LR8
53GF Score
Largo Inc FRA:LR8
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Largo 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.

Largo's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.586/2.74
=0.21

* 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.

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

For example, Largo'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)
=0.37/133.5265*133.5265
=0.370

Current CPI (Jun. 2026) = 133.5265.

Largo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.339 101.765 0.445
201612 0.505 101.449 0.665
201703 0.453 102.634 0.589
201706 0.533 103.029 0.691
201709 0.681 103.345 0.880
201712 0.658 103.345 0.850
201803 0.929 105.004 1.181
201806 1.061 105.557 1.342
201809 1.530 105.636 1.934
201812 1.542 105.399 1.954
201903 0.557 106.979 0.695
201906 0.366 107.690 0.454
201909 0.411 107.611 0.510
201912 0.425 107.769 0.527
202003 0.607 107.927 0.751
202006 0.132 108.401 0.163
202009 0.370 108.164 0.457
202012 0.453 108.559 0.557
202103 0.529 110.298 0.640
202106 0.686 111.720 0.820
202109 0.697 112.905 0.824
202112 0.681 113.774 0.799
202203 0.599 117.646 0.680
202206 1.232 120.806 1.362
202209 0.853 120.648 0.944
202212 0.701 120.964 0.774
202303 0.838 122.702 0.912
202306 0.765 124.203 0.822
202309 0.643 125.230 0.686
202312 0.632 125.072 0.675
202403 0.606 126.258 0.641
202406 0.414 127.522 0.433
202409 0.420 127.285 0.441
202412 0.362 127.364 0.380
202503 0.407 129.181 0.421
202506 0.353 129.892 0.363
202509 0.442 130.287 0.453
202512 0.241 130.366 0.247
202603 0.265 132.262 0.268
202606 0.370 133.527 0.370

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 0.21 mean?
Largo (FRA:LR8) has a Cyclically Adjusted PS Ratio of 0.21 as of Sep. 06, 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 Largo and its competitors. This is 92% below median its historical median of 2.50. Over the past decade, Largo's Cyclically Adjusted PS Ratio has ranged from 0.20 to 11.75. According to the industry distribution chart, Largo ranks #45 out of 577 companies in the Metals & Mining industry, placing it in the top 7.8%.
Is Largo's Cyclically Adjusted PS Ratio too high?
Largo's current Cyclically Adjusted PS Ratio of 0.21 is 92% below median its 10-year median of 2.50. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 11.75. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.32. Largo's value of 0.21 is 90.9% below this industry median. Based on the distribution chart, Largo ranks #45 out of 577 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Largo has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Largo's Cyclically Adjusted PS Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Largo ranks #45 out of 577 companies for Cyclically Adjusted PS Ratio. This places Largo in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 2.32. Largo's value of 0.21 is 90.9% below this benchmark. Historically, Largo's own Cyclically Adjusted PS Ratio has ranged from 0.20 to 11.75 over the past decade. While the company's 10-year median is 2.50 vs. the industry median of 2.32, Largo 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 Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.32, based on 577 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. Largo's current Cyclically Adjusted PS Ratio of 0.21 is 90.9% 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 Largo and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Largo's current Cyclically Adjusted PS Ratio is 0.21, which is 92% below median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Largo stock overvalued right now?
Based on GuruFocus' analysis, Largo (FRA:LR8) is currently considered Possible Value Trap. The stock's GF Value™ is €0.90, compared to a current price of €0.59 — trading 34.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.21, which is 92% below median its 10-year median of 2.50 and 90.9% below the Metals & Mining industry median of 2.32. Largo's overall GF Score™ is 53/100 with 5 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 Largo (FRA:LR8), the current Cyclically Adjusted PS Ratio is 0.21 as of Sep. 06, 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 Largo (FRA:LR8) Overvalued in 2026?

Based on GuruFocus' analysis, Largo stock appears to be undervalued. The current stock price of €0.59 is trading 34.9% below its estimated GF Value™ of €0.90. GuruFocus considers Largo to be Possible Value Trap.

Key valuation signals for FRA:LR8:

  • Cyclically Adjusted PS Ratio: 0.21 (92% below median its 10-year median of 2.50)
  • GF Value™: €0.90 vs. price of €0.59 (34.9% below fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 90.9% below the Metals & Mining median (#45 of 577)

No single metric tells the full story. See the FRA:LR8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Largo Business Description

Other Exchanges LGO:USALGO:Canada
Address 100 King Street West, Suite 1600, First Canadian Place, Toronto, ON, CAN, M5X 1G5
Largo Inc is committed to the production and supply of high-quality vanadium products. The company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, and development of mineral properties, predominantly in Brazil, through which it produces and supplies vanadium products VPURE Flake, VPURE+ Flake, and VPURE+ Powder. The company has operating segments: sales & trading, mine properties, which generates key revenue, corporate, exploration and evaluation properties, Clean Energy, and Largo Physical Vanadium.
53GF Score

Get the complete analysis for FRA:LR8

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

€0.59
Price
€0.90
GF Value