Patriot National Bancorp (FRA:PN21) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:PN21 Patriot National Bancorp Inc FRA:PN21
37 GF Score
Price €0.75
GF Value €0.11
! 1 Warning Sign
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What is Patriot National Bancorp Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Patriot National Bancorp  (FRA:PN21) 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.


Patriot National Bancorp Cyclically Adjusted PS Ratio Related Terms


Patriot National Bancorp Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Patriot National Bancorp'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.

Patriot National Bancorp Cyclically Adjusted PS Ratio Chart

Patriot National Bancorp 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 2.18 1.47 0.54 0.23 0.21

Patriot National Bancorp Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.14 0.14 0.20 0.14 0.10

FRA:PN21 vs MPCB, BLHK, BOTJ: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Patriot National Bancorp'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.


Patriot National Bancorp Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Patriot National Bancorp's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:PN21
37GF Score
Patriot National Bancorp Inc FRA:PN21
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Patriot National Bancorp 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.

Patriot National Bancorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Patriot National Bancorp's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.088/333.9520*333.9520
=0.088

Current CPI (Jun. 2026) = 333.9520.

Patriot National Bancorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.387 241.428 1.919
201612 1.466 241.432 2.028
201703 1.399 243.801 1.916
201706 1.551 244.955 2.115
201709 1.624 246.819 2.197
201712 1.601 246.524 2.169
201803 1.534 249.554 2.053
201806 1.591 251.989 2.108
201809 1.579 252.439 2.089
201812 1.719 251.233 2.285
201903 1.597 254.202 2.098
201906 1.674 256.143 2.183
201909 1.562 256.759 2.032
201912 1.525 256.974 1.982
202003 1.557 258.115 2.014
202006 1.402 257.797 1.816
202009 1.438 260.280 1.845
202012 1.426 260.474 1.828
202103 1.382 264.877 1.742
202106 1.403 271.696 1.724
202109 1.550 274.310 1.887
202112 2.041 278.802 2.445
202203 1.695 287.504 1.969
202206 2.015 296.311 2.271
202209 2.434 296.808 2.739
202212 2.699 296.797 3.037
202303 2.080 301.836 2.301
202306 1.979 305.109 2.166
202309 1.784 307.789 1.936
202312 2.204 306.746 2.399
202403 1.773 312.332 1.896
202406 1.655 314.175 1.759
202409 1.629 315.301 1.725
202412 1.547 315.605 1.637
202503 0.478 319.799 0.499
202506 0.070 322.561 0.072
202509 0.062 324.800 0.064
202512 0.071 324.054 0.073
202603 0.077 330.213 0.078
202606 0.088 333.952 0.088

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 Patriot National Bancorp (FRA:PN21) Overvalued in 2026?

Based on GuruFocus' analysis, Patriot National Bancorp stock appears to be overvalued. The current stock price of €0.75 is trading 581.8% above its estimated GF Value™ of €0.11.

Key valuation signals for FRA:PN21:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.11 vs. price of €0.75 (581.8% above fair value)
  • GF Score™: 37/100 with 1 warning sign

No single metric tells the full story. See the FRA:PN21 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Patriot National Bancorp Business Description

Other Exchanges PNBK:USA
Address 900 Bedford Street, Stamford, CT, USA, 06901
Patriot National Bancorp Inc provides consumer and commercial banking services to individuals, small and medium-sized businesses, professionals, and municipalities in Fairfield and New Haven Counties in Connecticut and Westchester County, New York. Its products include checking accounts, savings accounts, money market accounts, time certificates of deposit, and individual retirement accounts. The Bank's lending portfolio is comprised of commercial mortgage and construction loans, commercial loans, home improvement loans, home equity lines of credit, and other personal loans. In addition, the Bank offers bank checks, money orders, automated teller machines, interactive teller machines, online and mobile banking, credit cards, and debit cards.
37GF Score

Get the complete analysis for FRA:PN21

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

€0.75
Price
€0.11
GF Value