Swisscom AG (FRA:SWJ) Cyclically Adjusted PS Ratio: 2.56 (As of Jul. 05, 2026) — 15% Above Median


FRA:SWJ Swisscom AG FRA:SWJ
75 GF Score
Price €670.00
GF Value €754.98
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Swisscom AG Cyclically Adjusted PS Ratio?

Swisscom AG FRA:SWJ -0.74% 75 Cyclically Adjusted PS Ratio is 2.56 as of Jul. 05, 2026, which is 15% above its 10-year median of 2.23. GuruFocus rates FRA:SWJ with a GF Score™ of 75/100 and a GF Value™ of €754.98 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 301 Telecommunication Services companies, Swisscom AG ranks worse than 75.75% on this metric.

As of today (2026-07-05), Swisscom AG's current share price is €670.00. Swisscom AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €262.01. Swisscom AG's Cyclically Adjusted PS Ratio for today is 2.56.

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

FRA:SWJ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.9   Med: 2.23   Max: 3.07
Current: 2.58

During the past years, Swisscom AG's highest Cyclically Adjusted PS Ratio was 3.07. The lowest was 1.90. And the median was 2.23.

FRA:SWJ's Cyclically Adjusted PS Ratio is ranked worse than
75.75% of 301 companies
in the Telecommunication Services industry
Industry Median: 1.16 vs FRA:SWJ: 2.58

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.

Swisscom AG's adjusted revenue per share data for the three months ended in Mar. 2026 was €76.493. 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 €262.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Swisscom AG  (FRA:SWJ) 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.


Swisscom AG Cyclically Adjusted PS Ratio Related Terms


Swisscom AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Swisscom 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.

Swisscom AG Cyclically Adjusted PS Ratio Chart

Swisscom AG 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 2.30 2.21 2.19 2.19 2.45

Swisscom AG 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 2.19 2.40 2.46 2.45 2.81

FRA:SWJ vs TMUS, VZ, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Swisscom 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.


Swisscom AG Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Swisscom AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:SWJ
75GF Score
Swisscom AG FRA:SWJ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Swisscom 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.

Swisscom AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=670.00/262.01
=2.56

* 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.

Swisscom AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Swisscom AG's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=76.493/108.0600*108.0600
=76.493

Current CPI (Mar. 2026) = 108.0600.

Swisscom AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 51.140 100.088 55.213
201609 50.764 99.604 55.074
201612 53.835 99.380 58.537
201703 51.018 100.040 55.108
201706 50.766 100.285 54.702
201709 48.916 100.254 52.725
201712 50.522 100.213 54.478
201803 47.678 100.836 51.094
201806 48.767 101.435 51.952
201809 49.257 101.246 52.572
201812 51.774 100.906 55.445
201903 48.822 101.571 51.941
201906 48.445 102.044 51.301
201909 49.414 101.396 52.662
201912 52.972 101.063 56.639
202003 49.877 101.048 53.338
202006 48.751 100.743 52.292
202009 49.405 100.585 53.077
202012 51.763 100.241 55.801
202103 48.899 100.800 52.421
202106 49.087 101.352 52.336
202109 49.081 101.533 52.236
202112 52.694 101.776 55.948
202203 51.946 103.205 54.390
202206 51.101 104.783 52.699
202209 54.317 104.835 55.988
202212 56.156 104.666 57.977
202303 53.500 106.245 54.414
202306 53.506 106.576 54.251
202309 55.347 106.570 56.121
202312 58.735 106.461 59.617
202403 53.923 107.355 54.277
202406 55.160 107.991 55.195
202409 55.828 107.468 56.136
202412 59.057 107.128 59.571
202503 76.022 107.722 76.260
202506 75.771 108.075 75.760
202509 77.074 107.710 77.324
202512 80.150 107.200 80.793
202603 76.493 108.060 76.493

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 2.56 mean?
Swisscom AG (FRA:SWJ) has a Cyclically Adjusted PS Ratio of 2.56 as of Jul. 05, 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 Swisscom AG and its competitors. This is 15% above median its historical median of 2.23. Over the past decade, Swisscom AG's Cyclically Adjusted PS Ratio has ranged from 1.90 to 3.07. According to the industry distribution chart, Swisscom AG ranks #228 out of 301 companies in the Telecommunication Services industry, placing it in the top 75.7%.
Is Swisscom AG's Cyclically Adjusted PS Ratio too high?
Swisscom AG's current Cyclically Adjusted PS Ratio of 2.56 is 15% above median its 10-year median of 2.23. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 3.07. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.16. Swisscom AG's value of 2.56 is 120.7% above this industry median. Based on the distribution chart, Swisscom AG ranks #228 out of 301 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Swisscom AG has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Swisscom AG's Cyclically Adjusted PS Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Swisscom AG ranks #228 out of 301 companies for Cyclically Adjusted PS Ratio. This places Swisscom AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.16. Swisscom AG's value of 2.56 is 120.7% above this benchmark. Historically, Swisscom AG's own Cyclically Adjusted PS Ratio has ranged from 1.90 to 3.07 over the past decade. While the company's 10-year median is 2.23 vs. the industry median of 1.16, Swisscom 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 a Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.16, based on 301 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. Swisscom AG's current Cyclically Adjusted PS Ratio of 2.56 is 120.7% 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 Swisscom AG and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swisscom AG's current Cyclically Adjusted PS Ratio is 2.56, which is 15% above median its own 10-year median of 2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swisscom AG stock overvalued right now?
Based on GuruFocus' analysis, Swisscom AG (FRA:SWJ) is currently considered Modestly Undervalued. The stock's GF Value™ is €754.98, compared to a current price of €670.00 — trading 11.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.56, which is 15% above median its 10-year median of 2.23 and 120.7% above the Telecommunication Services industry median of 1.16. Swisscom AG's overall GF Score™ is 75/100 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 Swisscom AG (FRA:SWJ), the current Cyclically Adjusted PS Ratio is 2.56 as of Jul. 05, 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 Swisscom AG (FRA:SWJ) Overvalued in 2026?

Based on GuruFocus' analysis, Swisscom AG stock appears to be undervalued. The current stock price of €670.00 is trading 11.3% below its estimated GF Value™ of €754.98. GuruFocus considers Swisscom AG to be Modestly Undervalued.

Key valuation signals for FRA:SWJ:

  • Cyclically Adjusted PS Ratio: 2.56 (15% above median its 10-year median of 2.23)
  • GF Value™: €754.98 vs. price of €670.00 (11.3% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 120.7% above the Telecommunication Services median (#228 of 301)

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


Swisscom AG Business Description

Address Alte Tiefenaustrasse 6, 3048 Worblaufen, Ittigen, Bern, CHE, 3050
Swisscom is the incumbent telecom operator in Switzerland, with a very high market share in mobile and fixed-line markets. It charges high prices compared with its competitors and other European peers due to the historical stability of the Swiss telecom market and a favorable regulatory environment. In 2024, Swisscom acquired Vodafone Italia in a deal worth EUR 8 billion.
75GF Score

Get the complete analysis for FRA:SWJ

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

€670.00
Price
€754.98
GF Value