Ependion AB (FRA:TW4) Cyclically Adjusted PS Ratio: 2.21 (As of Aug. 12, 2026) — 163% Above Median

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FRA:TW4 Ependion AB FRA:TW4
77 GF Score
Price €14.16
GF Value €9.62
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Ependion AB Cyclically Adjusted PS Ratio?

Ependion AB FRA:TW4 -0.28% 77 Cyclically Adjusted PS Ratio is 2.21 as of Aug. 12, 2026, which is 163% above its 10-year median of 0.84. GuruFocus rates FRA:TW4 with a GF Score™ of 77/100 and a GF Value™ of €9.62 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,978 Hardware companies, Ependion AB ranks worse than 61.53% on this metric.

As of today (2026-08-12), Ependion AB's current share price is €14.16. Ependion AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €6.41. Ependion AB's Cyclically Adjusted PS Ratio for today is 2.21.

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

FRA:TW4' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.84   Max: 2.29
Current: 2.17

During the past years, Ependion AB's highest Cyclically Adjusted PS Ratio was 2.29. The lowest was 0.38. And the median was 0.84.

FRA:TW4's Cyclically Adjusted PS Ratio is ranked worse than
61.53% of 1978 companies
in the Hardware industry
Industry Median: 1.39 vs FRA:TW4: 2.17

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.

Ependion AB's adjusted revenue per share data for the three months ended in Jun. 2026 was €1.917. 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 €6.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ependion AB  (FRA:TW4) 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.


Ependion AB Cyclically Adjusted PS Ratio Related Terms


Ependion AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ependion AB'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.

Ependion AB Cyclically Adjusted PS Ratio Chart

Ependion AB 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 1.04 1.31 1.74 1.35 1.59

Ependion AB 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 1.55 1.69 1.59 1.29 2.02

FRA:TW4 vs CSCO, MSI, HPE: Cyclically Adjusted PS Ratio Comparison

For the Communication Equipment subindustry, Ependion AB'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.


Ependion AB Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


FRA:TW4
77GF Score
Ependion AB FRA:TW4
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ependion AB 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.

Ependion AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.16/6.41
=2.21

* 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.

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

For example, Ependion AB'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)
=1.917/134.6100*134.6100
=1.917

Current CPI (Jun. 2026) = 134.6100.

Ependion AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.293 101.138 1.721
201612 1.348 102.022 1.779
201703 1.390 102.022 1.834
201706 1.122 102.752 1.470
201709 1.055 103.279 1.375
201712 1.075 103.793 1.394
201803 1.174 103.962 1.520
201806 1.225 104.875 1.572
201809 1.122 105.679 1.429
201812 1.297 105.912 1.648
201903 1.228 105.886 1.561
201906 1.265 106.742 1.595
201909 1.272 107.214 1.597
201912 1.385 107.766 1.730
202003 1.291 106.563 1.631
202006 1.271 107.498 1.592
202009 1.103 107.635 1.379
202012 1.200 108.296 1.492
202103 1.249 108.360 1.552
202106 1.417 108.928 1.751
202109 1.414 110.338 1.725
202112 1.577 112.486 1.887
202203 1.460 114.825 1.712
202206 1.747 118.384 1.986
202209 1.818 122.296 2.001
202212 1.857 126.365 1.978
202303 1.931 127.042 2.046
202306 1.891 129.407 1.967
202309 1.805 130.224 1.866
202312 1.827 131.912 1.864
202403 1.808 132.205 1.841
202406 1.795 132.716 1.821
202409 1.493 132.304 1.519
202412 1.707 132.987 1.728
202503 1.694 132.825 1.717
202506 1.648 133.699 1.659
202509 1.527 133.480 1.540
202512 1.654 133.390 1.669
202603 1.711 133.560 1.724
202606 1.917 134.610 1.917

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 2.21 mean?
Ependion AB (FRA:TW4) has a Cyclically Adjusted PS Ratio of 2.21 as of Aug. 12, 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 Ependion AB and its competitors. This is 163% above median its historical median of 0.84. Over the past decade, Ependion AB's Cyclically Adjusted PS Ratio has ranged from 0.38 to 2.29. According to the industry distribution chart, Ependion AB ranks #1217 out of 1978 companies in the Hardware industry, placing it in the top 61.5%.
Is Ependion AB's Cyclically Adjusted PS Ratio too high?
Ependion AB's current Cyclically Adjusted PS Ratio of 2.21 is 163% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 2.29. The Hardware industry median Cyclically Adjusted PS Ratio is 1.39. Ependion AB's value of 2.21 is 59% above this industry median. Based on the distribution chart, Ependion AB ranks #1217 out of 1978 companies in the Hardware industry, which is below the industry midpoint. Overall, Ependion AB has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ependion AB's Cyclically Adjusted PS Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, Ependion AB ranks #1217 out of 1978 companies for Cyclically Adjusted PS Ratio. This places Ependion AB in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.39. Ependion AB's value of 2.21 is 59% above this benchmark. Historically, Ependion AB's own Cyclically Adjusted PS Ratio has ranged from 0.38 to 2.29 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 1.39, Ependion AB 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.39, based on 1,978 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. Ependion AB's current Cyclically Adjusted PS Ratio of 2.21 is 59% 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 Ependion AB and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ependion AB's current Cyclically Adjusted PS Ratio is 2.21, which is 163% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ependion AB stock overvalued right now?
Based on GuruFocus' analysis, Ependion AB (FRA:TW4) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.62, compared to a current price of €14.16 — trading 47.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.21, which is 163% above median its 10-year median of 0.84 and 59% above the Hardware industry median of 1.39. Ependion AB's overall GF Score™ is 77/100 with 8 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 Ependion AB (FRA:TW4), the current Cyclically Adjusted PS Ratio is 2.21 as of Aug. 12, 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 Ependion AB (FRA:TW4) Overvalued in 2026?

Based on GuruFocus' analysis, Ependion AB stock appears to be overvalued. The current stock price of €14.16 is trading 47.2% above its estimated GF Value™ of €9.62. GuruFocus considers Ependion AB to be Significantly Overvalued.

Key valuation signals for FRA:TW4:

  • Cyclically Adjusted PS Ratio: 2.21 (163% above median its 10-year median of 0.84)
  • GF Value™: €9.62 vs. price of €14.16 (47.2% above fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 59% above the Hardware median (#1217 of 1978)

No single metric tells the full story. See the FRA:TW4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ependion AB Business Description

Other Exchanges EPEN:Sweden0GT8:UK
Address Stora Varvsgatan 13A, Box 426, Malmo, SWE, SE-201 24
Ependion AB is technology group delivering digital solutions for secure control, visualization and data communication for industrial applications in environments where reliability and high quality are critical factors. The operating segments are divided between the Beijer Electronics and Westermo business entities. Beijer; and Westermo. It generates majority of revenue from Westermo which develops robust and secure communication solutions for harsh environments, with its focus on rail networks, with the business entity being the world'wide market leader in its niche for trackside and for the energy sector. The company has presence in Nordics, Rest of Europe, North America, Asia, and Rest of world.
77GF Score

Get the complete analysis for FRA:TW4

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

€14.16
Price
€9.62
GF Value