Quad/Graphics (FRA:QGU) Cyclically Adjusted PS Ratio: 0.13 (As of Aug. 01, 2026) — 160% Above Median

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:QGU Quad/Graphics Inc FRA:QGU
54 GF Score
Price €8.55
GF Value €4.08
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Quad/Graphics Cyclically Adjusted PS Ratio?

Quad/Graphics FRA:QGU +6.88% 54 Cyclically Adjusted PS Ratio is 0.13 as of Aug. 01, 2026, which is 160% above its 10-year median of 0.05. GuruFocus rates FRA:QGU with a GF Score™ of 54/100 and a GF Value™ of €4.08 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 717 Business Services companies, Quad/Graphics ranks better than 92.19% on this metric.

As of today (2026-08-01), Quad/Graphics's current share price is €8.55. Quad/Graphics's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €68.21. Quad/Graphics's Cyclically Adjusted PS Ratio for today is 0.13.

The historical rank and industry rank for Quad/Graphics's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:QGU' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.05   Max: 0.2
Current: 0.13

During the past years, Quad/Graphics's highest Cyclically Adjusted PS Ratio was 0.20. The lowest was 0.02. And the median was 0.05.

FRA:QGU's Cyclically Adjusted PS Ratio is ranked better than
92.19% of 717 companies
in the Business Services industry
Industry Median: 0.91 vs FRA:QGU: 0.13

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.

Quad/Graphics's adjusted revenue per share data for the three months ended in Jun. 2026 was €10.025. 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 €68.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quad/Graphics  (FRA:QGU) 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.


Quad/Graphics Cyclically Adjusted PS Ratio Related Terms


Quad/Graphics Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Quad/Graphics'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.

Quad/Graphics Cyclically Adjusted PS Ratio Chart

Quad/Graphics 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 0.04 0.04 0.06 0.08 0.08

Quad/Graphics 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 0.07 0.08 0.08 0.08 0.11

FRA:QGU vs SPIR, BUUU, CASS: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, Quad/Graphics'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.


Quad/Graphics Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Quad/Graphics's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:QGU
54GF Score
Quad/Graphics Inc FRA:QGU
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quad/Graphics 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.

Quad/Graphics's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.55/68.21
=0.13

* 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.

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

For example, Quad/Graphics'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)
=10.025/333.9520*333.9520
=10.025

Current CPI (Jun. 2026) = 333.9520.

Quad/Graphics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 18.602 241.428 25.731
201612 22.144 241.432 30.630
201703 18.130 243.801 24.834
201706 16.581 244.955 22.605
201709 16.379 246.819 22.161
201712 15.868 246.524 21.495
201803 15.662 249.554 20.959
201806 16.557 251.989 21.942
201809 16.327 252.439 21.599
201812 19.388 251.233 25.772
201903 17.147 254.202 22.526
201906 16.762 256.143 21.854
201909 17.102 256.759 22.244
201912 19.258 256.974 25.027
202003 14.740 258.115 19.071
202006 10.237 257.797 13.261
202009 11.286 260.280 14.480
202012 13.699 260.474 17.563
202103 11.229 264.877 14.157
202106 10.970 271.696 13.484
202109 11.303 274.310 13.761
202112 14.110 278.802 16.901
202203 13.121 287.504 15.241
202206 13.249 296.311 14.932
202209 16.244 296.808 18.277
202212 16.385 296.797 18.436
202303 14.551 301.836 16.099
202306 13.164 305.109 14.408
202309 13.668 307.789 14.830
202312 15.307 306.746 16.665
202403 12.763 312.332 13.646
202406 12.352 314.175 13.130
202409 12.720 315.301 13.472
202412 14.213 315.605 15.039
202503 11.483 319.799 11.991
202506 10.417 322.561 10.785
202509 10.080 324.800 10.364
202512 11.385 324.054 11.733
202603 10.132 330.213 10.247
202606 10.025 333.952 10.025

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 0.13 mean?
Quad/Graphics (FRA:QGU) has a Cyclically Adjusted PS Ratio of 0.13 as of Aug. 01, 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 Quad/Graphics and its competitors. This is 160% above median its historical median of 0.05. Over the past decade, Quad/Graphics' Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.20. According to the industry distribution chart, Quad/Graphics ranks #56 out of 717 companies in the Business Services industry, placing it in the top 7.8%.
Is Quad/Graphics' Cyclically Adjusted PS Ratio too high?
Quad/Graphics' current Cyclically Adjusted PS Ratio of 0.13 is 160% above median its 10-year median of 0.05. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.20. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Quad/Graphics' value of 0.13 is 85.7% below this industry median. Based on the distribution chart, Quad/Graphics ranks #56 out of 717 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Quad/Graphics has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quad/Graphics' Cyclically Adjusted PS Ratio compare to SPIR and BUUU?
According to the Business Services industry distribution chart, Quad/Graphics ranks #56 out of 717 companies for Cyclically Adjusted PS Ratio. This places Quad/Graphics in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.91. Quad/Graphics' value of 0.13 is 85.7% below this benchmark. Historically, Quad/Graphics' own Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.20 over the past decade. While the company's 10-year median is 0.05 vs. the industry median of 0.91, Quad/Graphics has consistently been below 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 717 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. Quad/Graphics's current Cyclically Adjusted PS Ratio of 0.13 is 85.7% below 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 Quad/Graphics and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quad/Graphics's current Cyclically Adjusted PS Ratio is 0.13, which is 160% above median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quad/Graphics stock overvalued right now?
Based on GuruFocus' analysis, Quad/Graphics (FRA:QGU) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.08, compared to a current price of €8.55 — trading 109.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.13, which is 160% above median its 10-year median of 0.05 and 85.7% below the Business Services industry median of 0.91. Quad/Graphics' overall GF Score™ is 54/100 with 7 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 Quad/Graphics (FRA:QGU), the current Cyclically Adjusted PS Ratio is 0.13 as of Aug. 01, 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 Quad/Graphics (FRA:QGU) Overvalued in 2026?

Based on GuruFocus' analysis, Quad/Graphics stock appears to be overvalued. The current stock price of €8.55 is trading 109.6% above its estimated GF Value™ of €4.08. GuruFocus considers Quad/Graphics to be Significantly Overvalued.

Key valuation signals for FRA:QGU:

  • Cyclically Adjusted PS Ratio: 0.13 (160% above median its 10-year median of 0.05)
  • GF Value™: €4.08 vs. price of €8.55 (109.6% above fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 85.7% below the Business Services median (#56 of 717)

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


Quad/Graphics Business Description

Other Exchanges QUAD:USA
Address N61 W23044 Harry\'s Way, Sussex, WI, USA, 53089-3995
Quad/Graphics Inc provides print and marketing services to help customers market their products, services, and contents. The company operates in the commercial segment of the printing industry. It operates through three divisions. The United States print and related services segment consists of the company's American operations. Besides the complete set of print and marketing solutions, this segment also manufactures ink. The international segment includes the company's printing business in Europe and Latin America and others countries. The corporate segment is engaged in the general and administrative activities as well as associated costs. The company almost generates all its revenue from the American domestic market..
54GF Score

Get the complete analysis for FRA:QGU

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

€8.55
Price
€4.08
GF Value