MindWalk Holdings (FRA:TQB0) Cyclically Adjusted PS Ratio: 2.12 (As of Aug. 02, 2026) — 62% Below Median

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FRA:TQB0 MindWalk Holdings Corp FRA:TQB0
47 GF Score
Price €1.10
GF Value €0.83
Valuation Significantly Overvalued
! 5 Warning Signs
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What is MindWalk Holdings Cyclically Adjusted PS Ratio?

MindWalk Holdings FRA:TQB0 +3.77% 47 Cyclically Adjusted PS Ratio is 2.12 as of Aug. 02, 2026, which is 62% below its 10-year median of 5.58. GuruFocus rates FRA:TQB0 with a GF Score™ of 47/100 and a GF Value™ of €0.83 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 538 Biotechnology companies, MindWalk Holdings ranks better than 71.93% on this metric.

As of today (2026-08-02), MindWalk Holdings's current share price is €1.10. MindWalk Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was €0.52. MindWalk Holdings's Cyclically Adjusted PS Ratio for today is 2.12.

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

FRA:TQB0' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.5   Med: 5.58   Max: 26.56
Current: 1.96

During the past years, MindWalk Holdings's highest Cyclically Adjusted PS Ratio was 26.56. The lowest was 0.50. And the median was 5.58.

FRA:TQB0's Cyclically Adjusted PS Ratio is ranked better than
71.93% of 538 companies
in the Biotechnology industry
Industry Median: 5.5 vs FRA:TQB0: 1.96

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.

MindWalk Holdings's adjusted revenue per share data for the three months ended in Apr. 2026 was €0.055. 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 €0.52 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MindWalk Holdings  (FRA:TQB0) 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.


MindWalk Holdings Cyclically Adjusted PS Ratio Related Terms


MindWalk Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for MindWalk Holdings'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.

MindWalk Holdings Cyclically Adjusted PS Ratio Chart

MindWalk Holdings Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.45 3.39 1.77 0.64 1.81

MindWalk Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.64 2.47 2.82 2.48 1.81

FRA:TQB0 vs IMA, CING, CRDF: Cyclically Adjusted PS Ratio Comparison

For the Biotechnology subindustry, MindWalk Holdings'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.


MindWalk Holdings Cyclically Adjusted PS Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, MindWalk Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:TQB0
47GF Score
MindWalk Holdings Corp FRA:TQB0
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MindWalk Holdings 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.

MindWalk Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.10/0.52
=2.12

* 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.

MindWalk Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, MindWalk Holdings's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.055/333.0200*333.0200
=0.055

Current CPI (Apr. 2026) = 333.0200.

MindWalk Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201701 0.106 242.839 0.145
201704 0.053 244.524 0.072
201707 0.052 244.786 0.071
201710 0.097 246.663 0.131
201801 0.120 247.867 0.161
201804 0.115 250.546 0.153
201807 0.167 252.006 0.221
201810 0.150 252.885 0.198
201901 0.132 251.712 0.175
201904 0.130 255.548 0.169
201907 0.136 256.571 0.177
201910 0.159 257.346 0.206
202001 0.204 257.971 0.263
202004 0.198 256.389 0.257
202007 0.168 259.101 0.216
202010 0.195 260.388 0.249
202101 0.172 261.582 0.219
202104 0.173 267.054 0.216
202107 0.161 273.003 0.196
202110 0.169 276.589 0.203
202201 0.174 281.148 0.206
202204 0.185 289.109 0.213
202207 0.144 296.276 0.162
202210 0.155 298.012 0.173
202301 0.143 299.170 0.159
202304 0.152 303.363 0.167
202307 0.155 305.691 0.169
202310 0.170 307.671 0.184
202401 0.165 308.417 0.178
202404 -0.199 313.548 -0.211
202407 0.061 314.540 0.065
202410 0.064 315.664 0.068
202501 0.056 317.671 0.059
202504 0.038 320.795 0.039
202507 0.043 323.048 0.044
202510 0.055 0.000
202601 0.055 325.252 0.056
202604 0.055 333.020 0.055

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 2.12 mean?
MindWalk Holdings (FRA:TQB0) has a Cyclically Adjusted PS Ratio of 2.12 as of Aug. 02, 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 MindWalk Holdings and its competitors. This is 62% below median its historical median of 5.58. Over the past decade, MindWalk Holdings' Cyclically Adjusted PS Ratio has ranged from 0.50 to 26.56. According to the industry distribution chart, MindWalk Holdings ranks #151 out of 538 companies in the Biotechnology industry, placing it in the top 28.1%.
Is MindWalk Holdings' Cyclically Adjusted PS Ratio too high?
MindWalk Holdings' current Cyclically Adjusted PS Ratio of 2.12 is 62% below median its 10-year median of 5.58. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 26.56. The Biotechnology industry median Cyclically Adjusted PS Ratio is 5.50. MindWalk Holdings' value of 2.12 is 61.5% below this industry median. Based on the distribution chart, MindWalk Holdings ranks #151 out of 538 companies in the Biotechnology industry, which is above the industry midpoint. Overall, MindWalk Holdings has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MindWalk Holdings' Cyclically Adjusted PS Ratio compare to IMA and CING?
According to the Biotechnology industry distribution chart, MindWalk Holdings ranks #151 out of 538 companies for Cyclically Adjusted PS Ratio. This puts MindWalk Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.50. MindWalk Holdings' value of 2.12 is 61.5% below this benchmark. Historically, MindWalk Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.50 to 26.56 over the past decade. While the company's 10-year median is 5.58 vs. the industry median of 5.50, MindWalk Holdings 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 Biotechnology company?
The median Cyclically Adjusted PS Ratio among Biotechnology companies is 5.50, based on 538 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. MindWalk Holdings's current Cyclically Adjusted PS Ratio of 2.12 is 61.5% 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 MindWalk Holdings and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PS Ratio is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MindWalk Holdings's current Cyclically Adjusted PS Ratio is 2.12, which is 62% below median its own 10-year median of 5.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MindWalk Holdings stock overvalued right now?
Based on GuruFocus' analysis, MindWalk Holdings (FRA:TQB0) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.83, compared to a current price of €1.10 — trading 32.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.12, which is 62% below median its 10-year median of 5.58 and 61.5% below the Biotechnology industry median of 5.50. MindWalk Holdings' overall GF Score™ is 47/100 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 MindWalk Holdings (FRA:TQB0), the current Cyclically Adjusted PS Ratio is 2.12 as of Aug. 02, 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 MindWalk Holdings (FRA:TQB0) Overvalued in 2026?

Based on GuruFocus' analysis, MindWalk Holdings stock appears to be overvalued. The current stock price of €1.10 is trading 32.5% above its estimated GF Value™ of €0.83. GuruFocus considers MindWalk Holdings to be Significantly Overvalued.

Key valuation signals for FRA:TQB0:

  • Cyclically Adjusted PS Ratio: 2.12 (62% below median its 10-year median of 5.58)
  • GF Value™: €0.83 vs. price of €1.10 (32.5% above fair value)
  • GF Score™: 47/100 with 5 warning signs
  • Industry Position: 61.5% below the Biotechnology median (#151 of 538)

No single metric tells the full story. See the FRA:TQB0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MindWalk Holdings Business Description

Other Exchanges HYFT:USA
Address Industrious 823 Congress Avenue, Suite 300, Austin, TX, USA, 78701
MindWalk Holdings Corp is a Bio-Native AI company transforming drug discovery and development. Powered by patented HYFT technology and the LensAI platform, MindWalk unifies sequence, structure, function, and literature into a single computational language and closes the loop with an integrated, full-stack wet lab. The platform supports rapid epitope mapping, de novo molecular design, in silico vaccine exploration, and population-scale biologics analytics that help turn insights into validated candidates at speed.
47GF Score

Get the complete analysis for FRA:TQB0

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

€1.10
Price
€0.83
GF Value