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.
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.
Path2 Hydrogen AGFRA:PTHH 22 Cyclically Adjusted PS Ratio is 2.93 as of Jul. 17, 2026, which is 87% below its 10-year median of 22.50. GuruFocus rates FRA:PTHH with a GF Score™ of 22/100. The stock has 5 warning signs investors should review. Among 441 Utilities - Regulated companies, Path2 Hydrogen AG ranks worse than 75.06% on this metric.
The historical rank and industry rank for Path2 Hydrogen AG's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:PTHH'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.65 Med: 22.5 Max: 68
Current: 2.92
During the past 13 years, Path2 Hydrogen AG's highest Cyclically Adjusted PS Ratio was 68.00. The lowest was 2.65. And the median was 22.50.
FRA:PTHH's Cyclically Adjusted PS Ratio is ranked worse than 75.06% of 441
companies
in the Utilities - Regulated industry
Industry Median: 1.42
vs FRA:PTHH: 2.92
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.
Path2 Hydrogen AG's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €0.004. 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 €0.15 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Path2 Hydrogen AG (FRA:PTHH) 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.
Path2 Hydrogen AG Cyclically Adjusted PS Ratio Related Terms
Path2 Hydrogen AG Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Path2 Hydrogen AG'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.
Path2 Hydrogen AG Cyclically Adjusted PS Ratio Chart
FRA:PTHH vs ATO, NI, UGI: Cyclically Adjusted PS Ratio Comparison
For the Utilities - Regulated Gas subindustry, Path2 Hydrogen AG'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.
Path2 Hydrogen AG Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Path2 Hydrogen AG's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Path2 Hydrogen AG's Cyclically Adjusted PS Ratio falls into.
Path2 Hydrogen AG 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.
Path2 Hydrogen AG's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 2.93 mean?
Path2 Hydrogen AG (FRA:PTHH) has a Cyclically Adjusted PS Ratio of 2.93 as of Jul. 17, 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 Path2 Hydrogen AG and its competitors. This is 87% below median its historical median of 22.50. Over the past decade, Path2 Hydrogen AG's Cyclically Adjusted PS Ratio has ranged from 2.65 to 68.00. According to the industry distribution chart, Path2 Hydrogen AG ranks #331 out of 441 companies in the Utilities - Regulated industry, placing it in the top 75.1%.
Is Path2 Hydrogen AG's Cyclically Adjusted PS Ratio too high?
Path2 Hydrogen AG's current Cyclically Adjusted PS Ratio of 2.93 is 87% below median its 10-year median of 22.50. Over the past 10 years, this metric has ranged from a low of 2.65 to a high of 68.00. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.42. Path2 Hydrogen AG's value of 2.93 is 106.3% above this industry median. Based on the distribution chart, Path2 Hydrogen AG ranks #331 out of 441 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Path2 Hydrogen AG has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Path2 Hydrogen AG's Cyclically Adjusted PS Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Path2 Hydrogen AG ranks #331 out of 441 companies for Cyclically Adjusted PS Ratio. This places Path2 Hydrogen AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.42. Path2 Hydrogen AG's value of 2.93 is 106.3% above this benchmark. Historically, Path2 Hydrogen AG's own Cyclically Adjusted PS Ratio has ranged from 2.65 to 68.00 over the past decade. While the company's 10-year median is 22.50 vs. the industry median of 1.42, Path2 Hydrogen AG 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 an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.42, based on 441 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. Path2 Hydrogen AG's current Cyclically Adjusted PS Ratio of 2.93 is 106.3% 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 Path2 Hydrogen AG and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Path2 Hydrogen AG's current Cyclically Adjusted PS Ratio is 2.93, which is 87% below median its own 10-year median of 22.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Path2 Hydrogen AG stock overvalued right now?
Path2 Hydrogen AG (FRA:PTHH) has a current Cyclically Adjusted PS Ratio of 2.93. The current Cyclically Adjusted PS Ratio is 2.93, which is 87% below median its 10-year median of 22.50 and 106.3% above the Utilities - Regulated industry median of 1.42. Path2 Hydrogen AG's overall GF Score™ is 22/100 with 5 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 Path2 Hydrogen AG (FRA:PTHH), the current Cyclically Adjusted PS Ratio is 2.93 as of Jul. 17, 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.
Path2 Hydrogen AG is focused on advancing the hydrogen infrastructure economy. It involves in liquefaction, transfer and storage of hydrogen and equipment.
22GF Score
Get the complete analysis for FRA:PTHH
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:PTHH has been successfully added to your 
