Pico Far East Holdings (FRA:PJFB) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:PJFB Pico Far East Holdings Ltd FRA:PJFB
53 GF Score
Price €0.23
GF Value €0.25
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Pico Far East Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pico Far East Holdings  (FRA:PJFB) 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.


Pico Far East Holdings Cyclically Adjusted PS Ratio Related Terms


Pico Far East Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pico Far East Holdings'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.

Pico Far East Holdings Cyclically Adjusted PS Ratio Chart

Pico Far East Holdings Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.32 0.36 0.46 0.58

Pico Far East Holdings Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 0.41 0.45 0.44 0.57 0.52

FRA:PJFB vs APP, OMC, TTD: Cyclically Adjusted PS Ratio Comparison

For the Advertising Agencies subindustry, Pico Far East Holdings'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.


Pico Far East Holdings Cyclically Adjusted PS Ratio vs Media - Diversified Industry

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

* The bar in red indicates where Pico Far East Holdings's Cyclically Adjusted PS Ratio falls into.


FRA:PJFB
53GF Score
Pico Far East Holdings Ltd FRA:PJFB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pico Far East Holdings 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.

Pico Far East Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Oct25 is calculated as:

For example, Pico Far East Holdings's adjusted Revenue per Share data for the fiscal year that ended in Oct25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Oct25 (Change)*Current CPI (Oct25)
=0.664/120.2638*120.2638
=0.664

Current CPI (Oct25) = 120.2638.

Pico Far East Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201610 0.393 102.675 0.460
201710 0.374 104.324 0.431
201810 0.403 107.072 0.453
201910 0.460 110.590 0.500
202010 0.318 110.150 0.347
202110 0.353 112.129 0.379
202210 0.439 114.108 0.463
202310 0.512 117.296 0.525
202410 0.599 118.835 0.606
202510 0.664 120.264 0.664

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.

Is Pico Far East Holdings (FRA:PJFB) Overvalued in 2026?

Based on GuruFocus' analysis, Pico Far East Holdings stock appears to be undervalued. The current stock price of €0.23 is trading 9.6% below its estimated GF Value™ of €0.25. GuruFocus considers Pico Far East Holdings to be Modestly Undervalued.

Key valuation signals for FRA:PJFB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.25 vs. price of €0.23 (9.6% below fair value)
  • GF Score™: 53/100 with 2 warning signs

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


Pico Far East Holdings Business Description

Other Exchanges 00752:Hong Kong
Address Pico House, 4 Dai Fu Street, Tai Po Industrial Estate, New Territories, Hong Kong, HKG
Pico Far East Holdings Ltd is in brand activation. It promotes brands and provides exhibition and event marketing services. Its services include events, exhibitions, visual identity, interior and retail, themed environment, venue management, conference and exhibition management, expo, and sports. The company's operating segment includes Brand experience activation; Museum and themed entertainment and Meeting architecture activation. It generates maximum revenue from the Brand experience activation segment. Geographically, it derives a majority of its revenue from Greater China.
53GF Score

Get the complete analysis for FRA:PJFB

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

€0.23
Price
€0.25
GF Value