Marchex (FRA:NHM) Cyclically Adjusted PS Ratio: 1.08 (As of Aug. 02, 2026) — 26% Above 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:NHM Marchex Inc FRA:NHM
57 GF Score
Price €1.49
GF Value €1.35
! 3 Warning Signs
View Full Analysis

What is Marchex Cyclically Adjusted PS Ratio?

Marchex FRA:NHM 57 Cyclically Adjusted PS Ratio is 1.08 as of Aug. 02, 2026, which is 26% above its 10-year median of 0.86. GuruFocus rates FRA:NHM with a GF Score™ of 57/100 and a GF Value™ of €1.35. The stock has 3 warning signs investors should review. Among 729 Media - Diversified companies, Marchex ranks worse than 57.48% on this metric.

As of today (2026-08-02), Marchex's current share price is €1.49. Marchex's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €1.38. Marchex's Cyclically Adjusted PS Ratio for today is 1.08.

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

FRA:NHM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.86   Max: 1.71
Current: 1.07

During the past years, Marchex's highest Cyclically Adjusted PS Ratio was 1.71. The lowest was 0.42. And the median was 0.86.

FRA:NHM's Cyclically Adjusted PS Ratio is ranked worse than
57.48% of 729 companies
in the Media - Diversified industry
Industry Median: 0.77 vs FRA:NHM: 1.07

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.

Marchex's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.189. 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 €1.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marchex  (FRA:NHM) 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.


Marchex Cyclically Adjusted PS Ratio Related Terms


Marchex Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Marchex'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.

Marchex Cyclically Adjusted PS Ratio Chart

Marchex 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 0.94 0.63 0.60 0.90 0.99

Marchex 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 0.86 1.20 1.03 0.99 0.96

FRA:NHM vs HFUS, TC, FLNT: Cyclically Adjusted PS Ratio Comparison

For the Advertising Agencies subindustry, Marchex'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.


Marchex Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Marchex's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:NHM
57GF Score
Marchex Inc FRA:NHM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marchex 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.49/1.38
=1.08

* 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.

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

For example, Marchex'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)
=0.189/330.2130*330.2130
=0.189

Current CPI (Mar. 2026) = 330.2130.

Marchex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.652 241.018 0.893
201609 0.582 241.428 0.796
201612 0.570 241.432 0.780
201703 0.482 243.801 0.653
201706 0.410 244.955 0.553
201709 0.386 246.819 0.516
201712 0.384 246.524 0.514
201803 0.369 249.554 0.488
201806 0.363 251.989 0.476
201809 0.416 252.439 0.544
201812 0.322 251.233 0.423
201903 0.468 254.202 0.608
201906 0.465 256.143 0.599
201909 0.448 256.759 0.576
201912 -0.410 256.974 -0.527
202003 0.211 258.115 0.270
202006 0.218 257.797 0.279
202009 0.226 260.280 0.287
202012 0.214 260.474 0.271
202103 0.225 264.877 0.280
202106 0.240 271.696 0.292
202109 0.237 274.310 0.285
202112 0.232 278.802 0.275
202203 0.249 287.504 0.286
202206 0.266 296.311 0.296
202209 0.277 296.808 0.308
202212 0.245 296.797 0.273
202303 0.242 301.836 0.265
202306 0.245 305.109 0.265
202309 0.252 307.789 0.270
202312 0.240 306.746 0.258
202403 0.223 312.332 0.236
202406 0.235 314.175 0.247
202409 0.236 315.301 0.247
202412 0.237 315.605 0.248
202503 0.218 319.799 0.225
202506 0.208 322.561 0.213
202509 0.202 324.800 0.205
202512 0.191 324.054 0.195
202603 0.189 330.213 0.189

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 1.08 mean?
Marchex (FRA:NHM) has a Cyclically Adjusted PS Ratio of 1.08 as of Aug. 02, 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 Marchex and its competitors. This is 26% above median its historical median of 0.86. Over the past decade, Marchex's Cyclically Adjusted PS Ratio has ranged from 0.42 to 1.71. According to the industry distribution chart, Marchex ranks #419 out of 729 companies in the Media - Diversified industry, placing it in the top 57.5%.
Is Marchex's Cyclically Adjusted PS Ratio too high?
Marchex's current Cyclically Adjusted PS Ratio of 1.08 is 26% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 1.71. The Media - Diversified industry median Cyclically Adjusted PS Ratio is 0.77. Marchex's value of 1.08 is 40.3% above this industry median. Based on the distribution chart, Marchex ranks #419 out of 729 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Marchex has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Marchex's Cyclically Adjusted PS Ratio compare to HFUS and TC?
According to the Media - Diversified industry distribution chart, Marchex ranks #419 out of 729 companies for Cyclically Adjusted PS Ratio. This places Marchex in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. Marchex's value of 1.08 is 40.3% above this benchmark. Historically, Marchex's own Cyclically Adjusted PS Ratio has ranged from 0.42 to 1.71 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.77, Marchex has consistently been above 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 Media - Diversified company?
The median Cyclically Adjusted PS Ratio among Media - Diversified companies is 0.77, based on 729 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. Marchex's current Cyclically Adjusted PS Ratio of 1.08 is 40.3% above 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 Marchex and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marchex's current Cyclically Adjusted PS Ratio is 1.08, which is 26% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marchex stock overvalued right now?
Marchex (FRA:NHM) has a current Cyclically Adjusted PS Ratio of 1.08. The stock's GF Value™ is €1.35, compared to a current price of €1.49 — trading 10.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.08, which is 26% above median its 10-year median of 0.86 and 40.3% above the Media - Diversified industry median of 0.77. Marchex's overall GF Score™ is 57/100 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 Marchex (FRA:NHM), the current Cyclically Adjusted PS Ratio is 1.08 as of Aug. 02, 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 Marchex (FRA:NHM) Overvalued in 2026?

Based on GuruFocus' analysis, Marchex stock appears to be overvalued. The current stock price of €1.49 is trading 10.4% above its estimated GF Value™ of €1.35.

Key valuation signals for FRA:NHM:

  • Cyclically Adjusted PS Ratio: 1.08 (26% above median its 10-year median of 0.86)
  • GF Value™: €1.35 vs. price of €1.49 (10.4% above fair value)
  • GF Score™: 57/100 with 3 warning signs
  • Industry Position: 40.3% above the Media - Diversified median (#419 of 729)

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


Marchex Business Description

Other Exchanges MCHX:USA
Address 1200 5th Avenue, Suite 1300, Seattle, WA, USA, 98101
Marchex Inc provides AI-based conversational intelligence and analytics solutions that generate insights from customer communications data. The company's products support sales, marketing, and executive teams in analyzing customer interactions across communication channels and informing business decisions. It serves companies operating in business-to-business-to-consumer (B2B2C) markets across multiple industries like automotive, home services, healthcare, real estate, and advertising. The company operates in a single segment: conversational analytics and related solutions. The company generates the majority of revenue from its conversational intelligence product offerings. Geographically, it generates the maximum revenue from the United States.
57GF Score

Get the complete analysis for FRA:NHM

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

€1.49
Price
€1.35
GF Value