Mastech Digital (FRA:MS4A) Cyclically Adjusted PS Ratio: 0.36 (As of Jul. 29, 2026) — 32% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:MS4A Mastech Digital Inc FRA:MS4A
69 GF Score
Price €6.45
GF Value €5.86
! 5 Warning Signs
View Full Analysis

What is Mastech Digital Cyclically Adjusted PS Ratio?

Mastech Digital FRA:MS4A -0.77% 69 Cyclically Adjusted PS Ratio is 0.36 as of Jul. 29, 2026, which is 32% below its 10-year median of 0.53. GuruFocus rates FRA:MS4A with a GF Score™ of 69/100 and a GF Value™ of €5.86. The stock has 5 warning signs investors should review. Among 716 Business Services companies, Mastech Digital ranks better than 72.49% on this metric.

As of today (2026-07-29), Mastech Digital's current share price is €6.45. Mastech Digital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €18.07. Mastech Digital's Cyclically Adjusted PS Ratio for today is 0.36.

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

FRA:MS4A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.53   Max: 1.86
Current: 0.39

During the past years, Mastech Digital's highest Cyclically Adjusted PS Ratio was 1.86. The lowest was 0.26. And the median was 0.53.

FRA:MS4A's Cyclically Adjusted PS Ratio is ranked better than
72.49% of 716 companies
in the Business Services industry
Industry Median: 0.91 vs FRA:MS4A: 0.39

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.

Mastech Digital's adjusted revenue per share data for the three months ended in Mar. 2026 was €2.988. 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 €18.07 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mastech Digital  (FRA:MS4A) 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.


Mastech Digital Cyclically Adjusted PS Ratio Related Terms


Mastech Digital Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mastech Digital'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.

Mastech Digital Cyclically Adjusted PS Ratio Chart

Mastech Digital 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 1.02 0.60 0.44 0.76 0.35

Mastech Digital 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 0.52 0.36 0.38 0.35 0.29

FRA:MS4A vs CIRC, BGSF, NIXX: Cyclically Adjusted PS Ratio Comparison

For the Staffing & Employment Services subindustry, Mastech Digital'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.


Mastech Digital Cyclically Adjusted PS Ratio vs Business Services Industry

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

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


FRA:MS4A
69GF Score
Mastech Digital Inc FRA:MS4A
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mastech Digital 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.

Mastech Digital's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.45/18.07
=0.36

* 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.

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

For example, Mastech Digital'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)
=2.988/330.2130*330.2130
=2.988

Current CPI (Mar. 2026) = 330.2130.

Mastech Digital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.362 241.018 4.606
201609 3.397 241.428 4.646
201612 3.397 241.432 4.646
201703 3.393 243.801 4.596
201706 3.412 244.955 4.600
201709 3.067 246.819 4.103
201712 3.114 246.524 4.171
201803 3.178 249.554 4.205
201806 3.449 251.989 4.520
201809 3.384 252.439 4.427
201812 3.509 251.233 4.612
201903 3.566 254.202 4.632
201906 3.843 256.143 4.954
201909 4.015 256.759 5.164
201912 3.999 256.974 5.139
202003 3.909 258.115 5.001
202006 3.536 257.797 4.529
202009 3.341 260.280 4.239
202012 3.318 260.474 4.206
202103 3.485 264.877 4.345
202106 3.711 271.696 4.510
202109 4.208 274.310 5.066
202112 4.352 278.802 5.155
202203 4.508 287.504 5.178
202206 4.852 296.311 5.407
202209 5.278 296.808 5.872
202212 4.478 296.797 4.982
202303 4.267 301.836 4.668
202306 4.147 305.109 4.488
202309 3.741 307.789 4.014
202312 3.641 306.746 3.920
202403 3.709 312.332 3.921
202406 3.860 314.175 4.057
202409 3.889 315.301 4.073
202412 3.969 315.605 4.153
202503 3.803 319.799 3.927
202506 3.558 322.561 3.642
202509 3.459 324.800 3.517
202512 3.102 324.054 3.161
202603 2.988 330.213 2.988

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 0.36 mean?
Mastech Digital (FRA:MS4A) has a Cyclically Adjusted PS Ratio of 0.36 as of Jul. 29, 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 Mastech Digital and its competitors. This is 32% below median its historical median of 0.53. Over the past decade, Mastech Digital's Cyclically Adjusted PS Ratio has ranged from 0.26 to 1.86. According to the industry distribution chart, Mastech Digital ranks #197 out of 716 companies in the Business Services industry, placing it in the top 27.5%.
Is Mastech Digital's Cyclically Adjusted PS Ratio too high?
Mastech Digital's current Cyclically Adjusted PS Ratio of 0.36 is 32% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.86. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Mastech Digital's value of 0.36 is 60.4% below this industry median. Based on the distribution chart, Mastech Digital ranks #197 out of 716 companies in the Business Services industry, which is above the industry midpoint. Overall, Mastech Digital has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Mastech Digital's Cyclically Adjusted PS Ratio compare to CIRC and BGSF?
According to the Business Services industry distribution chart, Mastech Digital ranks #197 out of 716 companies for Cyclically Adjusted PS Ratio. This puts Mastech Digital in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Mastech Digital's value of 0.36 is 60.4% below this benchmark. Historically, Mastech Digital's own Cyclically Adjusted PS Ratio has ranged from 0.26 to 1.86 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.91, Mastech Digital 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. Mastech Digital's current Cyclically Adjusted PS Ratio of 0.36 is 60.4% 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 Mastech Digital 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. Mastech Digital's current Cyclically Adjusted PS Ratio is 0.36, which is 32% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mastech Digital stock overvalued right now?
Mastech Digital (FRA:MS4A) has a current Cyclically Adjusted PS Ratio of 0.36. The stock's GF Value™ is €5.86, compared to a current price of €6.45 — trading 10.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.36, which is 32% below median its 10-year median of 0.53 and 60.4% below the Business Services industry median of 0.91. Mastech Digital's overall GF Score™ is 69/100 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 Mastech Digital (FRA:MS4A), the current Cyclically Adjusted PS Ratio is 0.36 as of Jul. 29, 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 Mastech Digital (FRA:MS4A) Overvalued in 2026?

Based on GuruFocus' analysis, Mastech Digital stock appears to be overvalued. The current stock price of €6.45 is trading 10.1% above its estimated GF Value™ of €5.86.

Key valuation signals for FRA:MS4A:

  • Cyclically Adjusted PS Ratio: 0.36 (32% below median its 10-year median of 0.53)
  • GF Value™: €5.86 vs. price of €6.45 (10.1% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 60.4% below the Business Services median (#197 of 716)

No single metric tells the full story. See the FRA:MS4A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mastech Digital Business Description

Other Exchanges MHH:USA
Address 1305 Cherrington Parkway, Building 210, Suite 400, Moon Township, PA, USA, 15108
Mastech Digital Inc is a provider of Digital Transformation IT Services. The Company offers data & analytics solutions & IT staffing services for both digital & mainstream technologies. The Group has two segments. Its Data & Analytics Services segment delivers specialized data management, data engineering, customer experience consulting, data analytics & cloud services to customers globally. The IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital & mainstream technologies. The company derives a majority of its revenue from IT staffing services. Geographically, the majority of revenue is generated from the United States.
69GF Score

Get the complete analysis for FRA:MS4A

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

€6.45
Price
€5.86
GF Value