Zepp Health (FRA:ST0) Cyclically Adjusted PS Ratio: 0.13 (As of Jul. 15, 2026) — 28% Below 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:ST0 Zepp Health Corp FRA:ST0
45 GF Score
Price €4.54
GF Value €3.45
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Zepp Health Cyclically Adjusted PS Ratio?

Zepp Health FRA:ST0 +1.79% 45 Cyclically Adjusted PS Ratio is 0.13 as of Jul. 15, 2026, which is 28% below its 10-year median of 0.18. GuruFocus rates FRA:ST0 with a GF Score™ of 45/100 and a GF Value™ of €3.45 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,975 Hardware companies, Zepp Health ranks better than 94.43% on this metric.

As of today (2026-07-15), Zepp Health's current share price is €4.54. Zepp Health's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €34.30. Zepp Health's Cyclically Adjusted PS Ratio for today is 0.13.

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

FRA:ST0' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.18   Max: 0.69
Current: 0.13

During the past 11 years, Zepp Health's highest Cyclically Adjusted PS Ratio was 0.69. The lowest was 0.07. And the median was 0.18.

FRA:ST0's Cyclically Adjusted PS Ratio is ranked better than
94.43% of 1975 companies
in the Hardware industry
Industry Median: 1.44 vs FRA:ST0: 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.

Zepp Health's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €13.904. 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 €34.30 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zepp Health  (FRA:ST0) 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.


Zepp Health Cyclically Adjusted PS Ratio Related Terms


Zepp Health Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zepp Health'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.

Zepp Health Cyclically Adjusted PS Ratio Chart

Zepp Health 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 0.00 0.00 0.00 0.07 0.66

Zepp Health Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.66 0.00

FRA:ST0 vs UEIC, AXIL, KOSS: Cyclically Adjusted PS Ratio Comparison

For the Consumer Electronics subindustry, Zepp Health'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.


Zepp Health Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Zepp Health's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:ST0
45GF Score
Zepp Health Corp FRA:ST0
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zepp Health 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.

Zepp Health's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.54/34.30
=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.

Zepp Health's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Zepp Health's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=13.904/135.2700*135.2700
=13.904

Current CPI (Dec25) = 135.2700.

Zepp Health Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 14.301 100.710 19.209
201712 17.847 101.970 23.675
201812 33.118 103.970 43.088
201912 46.736 106.800 59.195
202012 49.743 107.850 62.390
202112 52.520 114.010 62.314
202212 37.632 124.940 40.743
202312 21.293 126.450 22.778
202412 10.778 131.630 11.076
202512 13.904 135.270 13.904

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?
Zepp Health (FRA:ST0) has a Cyclically Adjusted PS Ratio of 0.13 as of Jul. 15, 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 Zepp Health and its competitors. This is 28% below median its historical median of 0.18. Over the past decade, Zepp Health's Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.69. According to the industry distribution chart, Zepp Health ranks #110 out of 1975 companies in the Hardware industry, placing it in the top 5.6%.
Is Zepp Health's Cyclically Adjusted PS Ratio too high?
Zepp Health's current Cyclically Adjusted PS Ratio of 0.13 is 28% below median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.69. The Hardware industry median Cyclically Adjusted PS Ratio is 1.44. Zepp Health's value of 0.13 is 91% below this industry median. Based on the distribution chart, Zepp Health ranks #110 out of 1975 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Zepp Health has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zepp Health's Cyclically Adjusted PS Ratio compare to UEIC and AXIL?
According to the Hardware industry distribution chart, Zepp Health ranks #110 out of 1975 companies for Cyclically Adjusted PS Ratio. This places Zepp Health in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.44. Zepp Health's value of 0.13 is 91% below this benchmark. Historically, Zepp Health's own Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.69 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 1.44, Zepp Health 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.44, based on 1,975 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. Zepp Health's current Cyclically Adjusted PS Ratio of 0.13 is 91% 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 Zepp Health and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zepp Health's current Cyclically Adjusted PS Ratio is 0.13, which is 28% below median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zepp Health stock overvalued right now?
Based on GuruFocus' analysis, Zepp Health (FRA:ST0) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.45, compared to a current price of €4.54 — trading 31.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.13, which is 28% below median its 10-year median of 0.18 and 91% below the Hardware industry median of 1.44. Zepp Health's overall GF Score™ is 45/100 with 3 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 Zepp Health (FRA:ST0), the current Cyclically Adjusted PS Ratio is 0.13 as of Jul. 15, 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 Zepp Health (FRA:ST0) Overvalued in 2026?

Based on GuruFocus' analysis, Zepp Health stock appears to be overvalued. The current stock price of €4.54 is trading 31.6% above its estimated GF Value™ of €3.45. GuruFocus considers Zepp Health to be Significantly Overvalued.

Key valuation signals for FRA:ST0:

  • Cyclically Adjusted PS Ratio: 0.13 (28% below median its 10-year median of 0.18)
  • GF Value™: €3.45 vs. price of €4.54 (31.6% above fair value)
  • GF Score™: 45/100 with 3 warning signs
  • Industry Position: 91% below the Hardware median (#110 of 1975)

No single metric tells the full story. See the FRA:ST0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zepp Health Business Description

Other Exchanges ZEPP:USA
Address Edisonweg 44 - B08, Gorinchem, ZH, NLD, 4207 HG
Zepp Health Corp is engaged in the business of manufacturing smart health wearable products. The company operates in one segment which is Amazfit-branded products. The product portfolio includes smartwatches and fitness bands. Geographically, the group generates revenue from Asia-Pacific, Europe, North America and others.
45GF Score

Get the complete analysis for FRA:ST0

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

€4.54
Price
€3.45
GF Value