Vaxart (FRA:NB11) Cyclically Adjusted PS Ratio: 0.67 (As of Aug. 03, 2026) — 109% Above Median

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FRA:NB11 Vaxart Inc FRA:NB11
50 GF Score
Price €0.38
! 3 Warning Signs
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What is Vaxart Cyclically Adjusted PS Ratio?

Vaxart FRA:NB11 50 Cyclically Adjusted PS Ratio is 0.67 as of Aug. 03, 2026, which is 109% above its 10-year median of 0.32. GuruFocus rates FRA:NB11 with a GF Score™ of 50/100. The stock has 3 warning signs investors should review. Among 538 Biotechnology companies, Vaxart ranks better than 88.29% on this metric.

As of today (2026-08-03), Vaxart's current share price is €0.38. Vaxart's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.57. Vaxart's Cyclically Adjusted PS Ratio for today is 0.67.

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

FRA:NB11' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.32   Max: 1.49
Current: 0.59

During the past years, Vaxart's highest Cyclically Adjusted PS Ratio was 1.49. The lowest was 0.02. And the median was 0.32.

FRA:NB11's Cyclically Adjusted PS Ratio is ranked better than
88.29% of 538 companies
in the Biotechnology industry
Industry Median: 5.5 vs FRA:NB11: 0.59

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.

Vaxart's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.141. 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 €0.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vaxart  (FRA:NB11) 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.


Vaxart Cyclically Adjusted PS Ratio Related Terms


Vaxart Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Vaxart'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.

Vaxart Cyclically Adjusted PS Ratio Chart

Vaxart Annual Data
Trend Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.00 0.15 0.42 0.31

Vaxart 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 0.31 0.39 0.32 0.31 0.67

FRA:NB11 vs VTVT, SPRB, ENGN: Cyclically Adjusted PS Ratio Comparison

For the Biotechnology subindustry, Vaxart'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.


Vaxart Cyclically Adjusted PS Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Vaxart's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:NB11
50GF Score
Vaxart Inc FRA:NB11
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Vaxart 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.38/0.57
=0.67

* 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.

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

For example, Vaxart'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)
=0.141/330.2130*330.2130
=0.141

Current CPI (Mar. 2026) = 330.2130.

Vaxart Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.127 241.018 0.174
201609 0.025 241.428 0.034
201612 1.025 241.432 1.402
201703 1.304 243.801 1.766
201706 0.025 244.955 0.034
201709 0.024 246.819 0.032
201712 0.649 246.524 0.869
201803 0.230 249.554 0.304
201806 0.073 251.989 0.096
201809 0.034 252.439 0.044
201812 0.217 251.233 0.285
201903 0.655 254.202 0.851
201906 0.005 256.143 0.006
201909 0.025 256.759 0.032
201912 0.073 256.974 0.094
202003 0.043 258.115 0.055
202006 0.006 257.797 0.008
202009 0.002 260.280 0.003
202012 0.003 260.474 0.004
202103 0.004 264.877 0.005
202106 0.001 271.696 0.001
202109 0.001 274.310 0.001
202112 0.001 278.802 0.001
202203 0.001 287.504 0.001
202206 0.000 296.311 0.000
202209 0.000 296.808 0.000
202212 0.000 296.797 0.000
202303 0.002 301.836 0.002
202306 0.000 305.109 0.000
202309 0.003 307.789 0.003
202312 0.043 306.746 0.046
202403 0.012 312.332 0.013
202406 0.032 314.175 0.034
202409 0.020 315.301 0.021
202412 0.064 315.605 0.067
202503 0.085 319.799 0.088
202506 0.151 322.561 0.155
202509 0.270 324.800 0.274
202512 0.377 324.054 0.384
202603 0.141 330.213 0.141

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 0.67 mean?
Vaxart (FRA:NB11) has a Cyclically Adjusted PS Ratio of 0.67 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 Vaxart and its competitors. This is 109% above median its historical median of 0.32. Over the past decade, Vaxart's Cyclically Adjusted PS Ratio has ranged from 0.02 to 1.49. According to the industry distribution chart, Vaxart ranks #63 out of 538 companies in the Biotechnology industry, placing it in the top 11.7%.
Is Vaxart's Cyclically Adjusted PS Ratio too high?
Vaxart's current Cyclically Adjusted PS Ratio of 0.67 is 109% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 1.49. The Biotechnology industry median Cyclically Adjusted PS Ratio is 5.50. Vaxart's value of 0.67 is 87.8% below this industry median. Based on the distribution chart, Vaxart ranks #63 out of 538 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Vaxart has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Vaxart's Cyclically Adjusted PS Ratio compare to VTVT and SPRB?
According to the Biotechnology industry distribution chart, Vaxart ranks #63 out of 538 companies for Cyclically Adjusted PS Ratio. This places Vaxart in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.50. Vaxart's value of 0.67 is 87.8% below this benchmark. Historically, Vaxart's own Cyclically Adjusted PS Ratio has ranged from 0.02 to 1.49 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 5.50, Vaxart 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 Biotechnology company?
The median Cyclically Adjusted PS Ratio among Biotechnology companies is 5.50, based on 538 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. Vaxart's current Cyclically Adjusted PS Ratio of 0.67 is 87.8% 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 Vaxart and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PS Ratio is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vaxart's current Cyclically Adjusted PS Ratio is 0.67, which is 109% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vaxart stock overvalued right now?
Vaxart (FRA:NB11) has a current Cyclically Adjusted PS Ratio of 0.67. The current Cyclically Adjusted PS Ratio is 0.67, which is 109% above median its 10-year median of 0.32 and 87.8% below the Biotechnology industry median of 5.50. Vaxart's overall GF Score™ is 50/100 with 3 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 Vaxart (FRA:NB11), the current Cyclically Adjusted PS Ratio is 0.67 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.

Vaxart Business Description

Other Exchanges VXRT:USA
Address 170 Harbor Way, Suite 300, South San Francisco, CA, USA, 94080
Vaxart Inc is a clinical-stage biotechnology company. It focuses on the development of oral recombinant vaccines based on its Vector Adjuvant Antigen Standardized Technology to protect against a wide range of infectious diseases. The products under its tablet pipeline consist of the treatment of Coronavirus, Norovirus, Seasonal Influenza, RSV(respiratory syncytial virus), and HPV(Human papillomavirus) Therapeutic. It operates in a single segment, which is the discovery and development of oral recombinant protein vaccines. Geographically, all the business activity functions through the region of the United States.
50GF Score

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

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