Maximus (FRA:MMY) Cyclically Adjusted PS Ratio: 0.78 (As of Jul. 18, 2026) — 63% Below Median

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FRA:MMY Maximus Inc FRA:MMY
73 GF Score
Price €50.50
GF Value €80.97
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Maximus Cyclically Adjusted PS Ratio?

Maximus FRA:MMY +1.00% 73 Cyclically Adjusted PS Ratio is 0.78 as of Jul. 18, 2026, which is 63% below its 10-year median of 2.12. GuruFocus rates FRA:MMY with a GF Score™ of 73/100 and a GF Value™ of €80.97 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 716 Business Services companies, Maximus ranks better than 52.93% on this metric.

As of today (2026-07-18), Maximus's current share price is €50.50. Maximus's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €65.02. Maximus's Cyclically Adjusted PS Ratio for today is 0.78.

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

FRA:MMY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.73   Med: 2.12   Max: 3.32
Current: 0.78

During the past years, Maximus's highest Cyclically Adjusted PS Ratio was 3.32. The lowest was 0.73. And the median was 2.12.

FRA:MMY's Cyclically Adjusted PS Ratio is ranked better than
52.93% of 716 companies
in the Business Services industry
Industry Median: 0.905 vs FRA:MMY: 0.78

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.

Maximus's adjusted revenue per share data for the three months ended in Mar. 2026 was €20.695. 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 €65.02 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maximus  (FRA:MMY) 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.


Maximus Cyclically Adjusted PS Ratio Related Terms


Maximus Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Maximus'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.

Maximus Cyclically Adjusted PS Ratio Chart

Maximus Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.06 1.17 1.31 1.46 1.29

Maximus Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.01 1.01 1.29 1.20 0.86

FRA:MMY vs FA, ABM, CMPR: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, Maximus'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.


Maximus Cyclically Adjusted PS Ratio vs Business Services Industry

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

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


FRA:MMY
73GF Score
Maximus Inc FRA:MMY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maximus 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=50.50/65.02
=0.78

* 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.

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

For example, Maximus's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=20.695/330.2130*330.2130
=20.695

Current CPI (Mar. 2026) = 330.2130.

Maximus Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.297 241.018 11.368
201609 8.372 241.428 11.451
201612 8.724 241.432 11.932
201703 8.819 243.801 11.945
201706 8.087 244.955 10.902
201709 7.870 246.819 10.529
201712 7.957 246.524 10.658
201803 7.499 249.554 9.923
201806 7.763 251.989 10.173
201809 7.325 252.439 9.582
201812 8.991 251.233 11.817
201903 10.083 254.202 13.098
201906 9.986 256.143 12.874
201909 10.566 256.759 13.589
201912 11.372 256.974 14.613
202003 11.546 258.115 14.771
202006 12.888 257.797 16.508
202009 12.592 260.280 15.975
202012 12.509 260.474 15.858
202103 12.935 264.877 16.126
202106 16.526 271.696 20.085
202109 15.029 274.310 18.092
202112 16.311 278.802 19.319
202203 17.137 287.504 19.683
202206 17.245 296.311 19.218
202209 19.391 296.808 21.573
202212 19.271 296.797 21.441
202303 18.363 301.836 20.089
202306 17.827 305.109 19.294
202309 19.135 307.789 20.529
202312 19.776 306.746 21.289
202403 20.131 312.332 21.283
202406 19.901 314.175 20.917
202409 19.293 315.301 20.205
202412 22.325 315.605 23.358
202503 22.077 319.799 22.796
202506 20.516 322.561 21.003
202509 19.575 324.800 19.901
202512 20.772 324.054 21.167
202603 20.695 330.213 20.695

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 0.78 mean?
Maximus (FRA:MMY) has a Cyclically Adjusted PS Ratio of 0.78 as of Jul. 18, 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 Maximus and its competitors. This is 63% below median its historical median of 2.12. Over the past decade, Maximus' Cyclically Adjusted PS Ratio has ranged from 0.73 to 3.32. According to the industry distribution chart, Maximus ranks #337 out of 716 companies in the Business Services industry, placing it in the top 47.1%.
Is Maximus' Cyclically Adjusted PS Ratio too high?
Maximus' current Cyclically Adjusted PS Ratio of 0.78 is 63% below median its 10-year median of 2.12. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 3.32. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Maximus' value of 0.78 is 13.8% below this industry median. Based on the distribution chart, Maximus ranks #337 out of 716 companies in the Business Services industry, which is above the industry midpoint. Overall, Maximus has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maximus' Cyclically Adjusted PS Ratio compare to FA and ABM?
According to the Business Services industry distribution chart, Maximus ranks #337 out of 716 companies for Cyclically Adjusted PS Ratio. This puts Maximus in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Maximus' value of 0.78 is 13.8% below this benchmark. Historically, Maximus' own Cyclically Adjusted PS Ratio has ranged from 0.73 to 3.32 over the past decade. While the company's 10-year median is 2.12 vs. the industry median of 0.91, Maximus 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 716 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. Maximus's current Cyclically Adjusted PS Ratio of 0.78 is 13.8% 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 Maximus and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maximus's current Cyclically Adjusted PS Ratio is 0.78, which is 63% below median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maximus stock overvalued right now?
Based on GuruFocus' analysis, Maximus (FRA:MMY) is currently considered Significantly Undervalued. The stock's GF Value™ is €80.97, compared to a current price of €50.50 — trading 37.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.78, which is 63% below median its 10-year median of 2.12 and 13.8% below the Business Services industry median of 0.91. Maximus' overall GF Score™ is 73/100 with 1 warning sign 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 Maximus (FRA:MMY), the current Cyclically Adjusted PS Ratio is 0.78 as of Jul. 18, 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 Maximus (FRA:MMY) Overvalued in 2026?

Based on GuruFocus' analysis, Maximus stock appears to be undervalued. The current stock price of €50.50 is trading 37.6% below its estimated GF Value™ of €80.97. GuruFocus considers Maximus to be Significantly Undervalued.

Key valuation signals for FRA:MMY:

  • Cyclically Adjusted PS Ratio: 0.78 (63% below median its 10-year median of 2.12)
  • GF Value™: €80.97 vs. price of €50.50 (37.6% below fair value)
  • GF Score™: 73/100 with 1 warning sign
  • Industry Position: 13.8% below the Business Services median (#337 of 716)

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


Maximus Business Description

Other Exchanges MMS:USA
Address 1600 Tysons Boulevard, McLean, VA, USA, 22102
Maximus Inc designs, develops, and delivers programs enabling people to access vital government services. It translates health and human services public policy into operating models that achieve outcomes for governments at scale. The company covers a broad array of services, including the operation of large health insurance eligibility and enrollment programs; clinical services, including assessments, appeals, and independent medical reviews; and technology services. The company operates through the following segments: U.S. Federal Services, U.S. Services, and Outside the U.S. A majority of its revenue is derived from the U.S. Federal Services segment, which engages with various U.S. federal government agencies to deliver clinical services, maintenance services, and technology solutions.
73GF Score

Get the complete analysis for FRA:MMY

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

€50.50
Price
€80.97
GF Value