Hellenic Telecommunication Organization (FRA:OTES) Cyclically Adjusted PS Ratio: 2.04 (As of Jul. 20, 2026) — 26% Above Median

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FRA:OTES Hellenic Telecommunication Organization SA FRA:OTES
81 GF Score
Price €9.65
GF Value €7.21
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Hellenic Telecommunication Organization Cyclically Adjusted PS Ratio?

Hellenic Telecommunication Organization FRA:OTES 81 Cyclically Adjusted PS Ratio is 2.04 as of Jul. 20, 2026, which is 26% above its 10-year median of 1.62. GuruFocus rates FRA:OTES with a GF Score™ of 81/100 and a GF Value™ of €7.21 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 302 Telecommunication Services companies, Hellenic Telecommunication Organization ranks worse than 71.52% on this metric.

As of today (2026-07-20), Hellenic Telecommunication Organization's current share price is €9.65. Hellenic Telecommunication Organization's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was €4.74. Hellenic Telecommunication Organization's Cyclically Adjusted PS Ratio for today is 2.04.

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

FRA:OTES' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.62   Max: 2.17
Current: 2.17

During the past years, Hellenic Telecommunication Organization's highest Cyclically Adjusted PS Ratio was 2.17. The lowest was 0.76. And the median was 1.62.

FRA:OTES's Cyclically Adjusted PS Ratio is ranked worse than
71.52% of 302 companies
in the Telecommunication Services industry
Industry Median: 1.16 vs FRA:OTES: 2.17

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.

Hellenic Telecommunication Organization's adjusted revenue per share data for the three months ended in Dec. 2025 was €1.132. 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 €4.74 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hellenic Telecommunication Organization  (FRA:OTES) 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.


Hellenic Telecommunication Organization Cyclically Adjusted PS Ratio Related Terms


Hellenic Telecommunication Organization Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hellenic Telecommunication Organization'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.

Hellenic Telecommunication Organization Cyclically Adjusted PS Ratio Chart

Hellenic Telecommunication Organization 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 1.93 1.68 1.47 1.66 1.85

Hellenic Telecommunication Organization Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 1.66 1.66 1.77 1.77 1.85

FRA:OTES vs TMUS, VZ, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Hellenic Telecommunication Organization'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.


Hellenic Telecommunication Organization Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Hellenic Telecommunication Organization's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:OTES
81GF Score
Hellenic Telecommunication Organization SA FRA:OTES
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hellenic Telecommunication Organization 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.

Hellenic Telecommunication Organization's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.65/4.74
=2.04

* 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.

Hellenic Telecommunication Organization's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Hellenic Telecommunication Organization's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.132/122.4500*122.4500
=1.132

Current CPI (Dec. 2025) = 122.4500.

Hellenic Telecommunication Organization Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 0.962 100.549 1.172
201506 0.975 100.838 1.184
201509 0.993 100.856 1.206
201512 1.061 100.087 1.298
201603 0.950 99.041 1.175
201606 0.976 100.121 1.194
201609 1.020 99.878 1.251
201612 1.051 100.110 1.286
201703 0.950 100.770 1.154
201706 0.960 101.138 1.162
201709 1.014 100.882 1.231
201712 0.959 100.762 1.165
201803 0.942 100.534 1.147
201806 0.984 102.121 1.180
201809 1.023 101.982 1.228
201812 0.964 101.330 1.165
201906 0.000 101.837 0.000
201912 0.000 102.120 0.000
202006 0.000 100.239 0.000
202012 0.000 99.751 0.000
202103 0.693 99.817 0.850
202106 0.910 101.270 1.100
202109 0.841 102.095 1.009
202112 0.980 104.853 1.144
202203 0.928 108.651 1.046
202206 0.958 113.517 1.033
202209 1.043 114.371 1.117
202212 1.032 112.428 1.124
202303 0.937 113.620 1.010
202306 1.008 115.515 1.069
202309 1.059 116.234 1.116
202312 1.118 116.364 1.176
202403 1.058 117.285 1.105
202406 1.108 118.129 1.149
202409 1.017 119.650 1.041
202412 1.318 119.360 1.352
202503 1.086 120.133 1.107
202506 1.131 121.399 1.141
202509 1.082 121.950 1.086
202512 1.132 122.450 1.132

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 2.04 mean?
Hellenic Telecommunication Organization (FRA:OTES) has a Cyclically Adjusted PS Ratio of 2.04 as of Jul. 20, 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 Hellenic Telecommunication Organization and its competitors. This is 26% above median its historical median of 1.62. Over the past decade, Hellenic Telecommunication Organization's Cyclically Adjusted PS Ratio has ranged from 0.76 to 2.17. According to the industry distribution chart, Hellenic Telecommunication Organization ranks #216 out of 302 companies in the Telecommunication Services industry, placing it in the top 71.5%.
Is Hellenic Telecommunication Organization's Cyclically Adjusted PS Ratio too high?
Hellenic Telecommunication Organization's current Cyclically Adjusted PS Ratio of 2.04 is 26% above median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 2.17. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.16. Hellenic Telecommunication Organization's value of 2.04 is 75.9% above this industry median. Based on the distribution chart, Hellenic Telecommunication Organization ranks #216 out of 302 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Hellenic Telecommunication Organization has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hellenic Telecommunication Organization's Cyclically Adjusted PS Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Hellenic Telecommunication Organization ranks #216 out of 302 companies for Cyclically Adjusted PS Ratio. This places Hellenic Telecommunication Organization in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.16. Hellenic Telecommunication Organization's value of 2.04 is 75.9% above this benchmark. Historically, Hellenic Telecommunication Organization's own Cyclically Adjusted PS Ratio has ranged from 0.76 to 2.17 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.16, Hellenic Telecommunication Organization 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.16, based on 302 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. Hellenic Telecommunication Organization's current Cyclically Adjusted PS Ratio of 2.04 is 75.9% 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 Hellenic Telecommunication Organization and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hellenic Telecommunication Organization's current Cyclically Adjusted PS Ratio is 2.04, which is 26% above median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hellenic Telecommunication Organization stock overvalued right now?
Based on GuruFocus' analysis, Hellenic Telecommunication Organization (FRA:OTES) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.21, compared to a current price of €9.65 — trading 33.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.04, which is 26% above median its 10-year median of 1.62 and 75.9% above the Telecommunication Services industry median of 1.16. Hellenic Telecommunication Organization's overall GF Score™ is 81/100 with 6 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 Hellenic Telecommunication Organization (FRA:OTES), the current Cyclically Adjusted PS Ratio is 2.04 as of Jul. 20, 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 Hellenic Telecommunication Organization (FRA:OTES) Overvalued in 2026?

Based on GuruFocus' analysis, Hellenic Telecommunication Organization stock appears to be overvalued. The current stock price of €9.65 is trading 33.8% above its estimated GF Value™ of €7.21. GuruFocus considers Hellenic Telecommunication Organization to be Significantly Overvalued.

Key valuation signals for FRA:OTES:

  • Cyclically Adjusted PS Ratio: 2.04 (26% above median its 10-year median of 1.62)
  • GF Value™: €7.21 vs. price of €9.65 (33.8% above fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 75.9% above the Telecommunication Services median (#216 of 302)

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


Hellenic Telecommunication Organization Business Description

Address 99 Kifissias Avenue, Marousi, GRC, 15124
Hellenic Telecommunication Organization SA is a telecommunications company that offers Internet access services, TV services, broadband, fixed-line services, and mobile telecommunication. The reportable segments of the company are as follows: i) Greece - Fixed business includes fixed-line services, internet access services, national and international wholesale services, and TV services in Greece. ii) Greece - Mobile business includes mobile telecommunications services and retail operations (shops). iii) TELEKOM ROMANIA MOBILE provides mobile telecommunications services in Romania.
81GF Score

Get the complete analysis for FRA:OTES

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

€9.65
Price
€7.21
GF Value