PhenixFIN (FRA:Q29) Cyclically Adjusted PS Ratio: (As of Sep. 14, 2026)

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:Q29 PhenixFIN Corp FRA:Q29
43 GF Score
Price €38.00
GF Value €15.79
Valuation Significantly Overvalued
! 4 Warning Signs
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What is PhenixFIN Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PhenixFIN  (FRA:Q29) 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.


PhenixFIN Cyclically Adjusted PS Ratio Related Terms


PhenixFIN Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PhenixFIN'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.

PhenixFIN Cyclically Adjusted PS Ratio Chart

PhenixFIN Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 77.60 0.00 0.00 0.00 0.00

PhenixFIN 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 0.00 0.00 0.00 0.00 0.00

FRA:Q29 vs PGP, PCF, RGT: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, PhenixFIN'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.


PhenixFIN Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, PhenixFIN's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:Q29
43GF Score
PhenixFIN Corp FRA:Q29
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PhenixFIN 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.

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

For example, PhenixFIN'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)
=2.859/333.9520*333.9520
=2.859

Current CPI (Jun. 2026) = 333.9520.

PhenixFIN Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 -0.925 241.428 -1.279
201612 3.154 241.432 4.363
201703 -3.129 243.801 -4.286
201706 1.494 244.955 2.037
201709 -3.010 246.819 -4.073
201712 -9.123 246.524 -12.358
201803 -7.622 249.554 -10.200
201806 -7.572 251.989 -10.035
201809 -5.704 252.439 -7.546
201812 -2.164 251.233 -2.877
201903 -3.383 254.202 -4.444
201906 -7.388 256.143 -9.632
201909 -7.586 256.759 -9.867
201912 0.768 256.974 0.998
202003 -24.730 258.115 -31.996
202006 3.012 257.797 3.902
202009 0.775 260.280 0.994
202012 -1.511 260.474 -1.937
202103 2.874 264.877 3.623
202106 2.772 271.696 3.407
202109 -1.646 274.310 -2.004
202112 2.301 278.802 2.756
202203 1.613 287.504 1.874
202206 -2.999 296.311 -3.380
202209 -1.222 296.808 -1.375
202212 2.594 296.797 2.919
202303 3.774 301.836 4.176
202306 4.909 305.109 5.373
202309 4.340 307.789 4.709
202312 3.099 306.746 3.374
202403 3.544 312.332 3.789
202406 2.365 314.175 2.514
202409 3.805 315.301 4.030
202412 2.132 315.605 2.256
202503 0.874 319.799 0.913
202506 0.338 322.561 0.350
202509 2.799 324.800 2.878
202512 -0.953 324.054 -0.982
202603 1.508 330.213 1.525
202606 2.859 333.952 2.859

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 PhenixFIN (FRA:Q29) Overvalued in 2026?

Based on GuruFocus' analysis, PhenixFIN stock appears to be overvalued. The current stock price of €38.00 is trading 140.7% above its estimated GF Value™ of €15.79. GuruFocus considers PhenixFIN to be Significantly Overvalued.

Key valuation signals for FRA:Q29:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €15.79 vs. price of €38.00 (140.7% above fair value)
  • GF Score™: 43/100 with 4 warning signs

No single metric tells the full story. See the FRA:Q29 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PhenixFIN Business Description

Other Exchanges PFX:USA
Address 445 Park Avenue, 10th Floor, New York, NY, USA, 10022
PhenixFIN Corp is a non-diversified closed end management investment company operating in United States. Its investment objective is to generate current income and capital appreciation by lending directly to privately held middle market companies to expand their business, refinance and make acquisitions. It mainly invests in senior secured first lien term loans, senior secured second lien term loans, unitranche, senior secured first lien notes, subordinated notes and warrants and minority equity securities. It may also invest in securities of foreign companies. Portfolio of the company mainly consists of securities across all sectors. Revenue generated by the company comprises of interest income, dividend and other income earned through investments made.
43GF Score

Get the complete analysis for FRA:Q29

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

€38.00
Price
€15.79
GF Value