BQE Water (FRA:UL5A) Cyclically Adjusted PS Ratio: 6.52 (As of Aug. 20, 2026) — 57% Above Median

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FRA:UL5A BQE Water Inc FRA:UL5A
79 GF Score
Price €41.40
GF Value €45.11
Valuation Modestly Undervalued
! 3 Warning Signs
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What is BQE Water Cyclically Adjusted PS Ratio?

BQE Water FRA:UL5A +1.97% 79 Cyclically Adjusted PS Ratio is 6.52 as of Aug. 20, 2026, which is 57% above its 10-year median of 4.15. GuruFocus rates FRA:UL5A with a GF Score™ of 79/100 and a GF Value™ of €45.11 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 155 Waste Management companies, BQE Water ranks worse than 90.97% on this metric.

As of today (2026-08-20), BQE Water's current share price is €41.40. BQE Water's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €6.35. BQE Water's Cyclically Adjusted PS Ratio for today is 6.52.

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

FRA:UL5A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 4.15   Max: 9.1
Current: 6.52

During the past years, BQE Water's highest Cyclically Adjusted PS Ratio was 9.10. The lowest was 0.41. And the median was 4.15.

FRA:UL5A's Cyclically Adjusted PS Ratio is ranked worse than
90.97% of 155 companies
in the Waste Management industry
Industry Median: 1.38 vs FRA:UL5A: 6.52

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.

BQE Water's adjusted revenue per share data for the three months ended in Mar. 2026 was €2.305. 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 €6.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BQE Water  (FRA:UL5A) 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.


BQE Water Cyclically Adjusted PS Ratio Related Terms


BQE Water Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BQE Water'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.

BQE Water Cyclically Adjusted PS Ratio Chart

BQE Water 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 4.74 4.89 4.28 7.55 6.23

BQE Water 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 6.49 5.78 5.49 6.23 6.33

FRA:UL5A vs WM, RSG, WCN: Cyclically Adjusted PS Ratio Comparison

For the Waste Management subindustry, BQE Water'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.


BQE Water Cyclically Adjusted PS Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, BQE Water's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:UL5A
79GF Score
BQE Water Inc FRA:UL5A
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BQE Water 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.

BQE Water's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=41.40/6.35
=6.52

* 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.

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

For example, BQE Water'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)
=2.305/132.2623*132.2623
=2.305

Current CPI (Mar. 2026) = 132.2623.

BQE Water Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.473 102.002 0.613
201609 0.981 101.765 1.275
201612 1.187 101.449 1.548
201703 0.497 102.634 0.640
201706 0.679 103.029 0.872
201709 1.147 103.345 1.468
201712 0.604 103.345 0.773
201803 0.351 105.004 0.442
201806 0.374 105.557 0.469
201809 1.324 105.636 1.658
201812 0.863 105.399 1.083
201903 0.392 106.979 0.485
201906 0.670 107.690 0.823
201909 1.317 107.611 1.619
201912 0.773 107.769 0.949
202003 1.027 107.927 1.259
202006 0.757 108.401 0.924
202009 1.431 108.164 1.750
202012 0.820 108.559 0.999
202103 0.525 110.298 0.630
202106 0.645 111.720 0.764
202109 1.476 112.905 1.729
202112 1.430 113.774 1.662
202203 1.393 117.646 1.566
202206 1.581 120.806 1.731
202209 2.083 120.648 2.284
202212 1.923 120.964 2.103
202303 1.432 122.702 1.544
202306 2.274 124.203 2.422
202309 3.400 125.230 3.591
202312 2.711 125.072 2.867
202403 1.337 126.258 1.401
202406 1.800 127.522 1.867
202409 3.159 127.285 3.283
202412 2.659 127.364 2.761
202503 3.691 129.181 3.779
202506 5.473 129.892 5.573
202509 4.376 130.287 4.442
202512 3.557 130.366 3.609
202603 2.305 132.262 2.305

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 6.52 mean?
BQE Water (FRA:UL5A) has a Cyclically Adjusted PS Ratio of 6.52 as of Aug. 20, 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 BQE Water and its competitors. This is 57% above median its historical median of 4.15. Over the past decade, BQE Water's Cyclically Adjusted PS Ratio has ranged from 0.41 to 9.10. According to the industry distribution chart, BQE Water ranks #141 out of 155 companies in the Waste Management industry, placing it in the top 91%.
Is BQE Water's Cyclically Adjusted PS Ratio too high?
BQE Water's current Cyclically Adjusted PS Ratio of 6.52 is 57% above median its 10-year median of 4.15. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 9.10. The Waste Management industry median Cyclically Adjusted PS Ratio is 1.38. BQE Water's value of 6.52 is 372.5% above this industry median. Based on the distribution chart, BQE Water ranks #141 out of 155 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, BQE Water has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BQE Water's Cyclically Adjusted PS Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, BQE Water ranks #141 out of 155 companies for Cyclically Adjusted PS Ratio. This places BQE Water in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.38. BQE Water's value of 6.52 is 372.5% above this benchmark. Historically, BQE Water's own Cyclically Adjusted PS Ratio has ranged from 0.41 to 9.10 over the past decade. While the company's 10-year median is 4.15 vs. the industry median of 1.38, BQE Water 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 Waste Management company?
The median Cyclically Adjusted PS Ratio among Waste Management companies is 1.38, based on 155 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. BQE Water's current Cyclically Adjusted PS Ratio of 6.52 is 372.5% 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 BQE Water and its competitors. For the Waste Management industry, the median Cyclically Adjusted PS Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BQE Water's current Cyclically Adjusted PS Ratio is 6.52, which is 57% above median its own 10-year median of 4.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BQE Water stock overvalued right now?
Based on GuruFocus' analysis, BQE Water (FRA:UL5A) is currently considered Modestly Undervalued. The stock's GF Value™ is €45.11, compared to a current price of €41.40 — trading 8.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.52, which is 57% above median its 10-year median of 4.15 and 372.5% above the Waste Management industry median of 1.38. BQE Water's overall GF Score™ is 79/100 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 BQE Water (FRA:UL5A), the current Cyclically Adjusted PS Ratio is 6.52 as of Aug. 20, 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 BQE Water (FRA:UL5A) Overvalued in 2026?

Based on GuruFocus' analysis, BQE Water stock appears to be undervalued. The current stock price of €41.40 is trading 8.2% below its estimated GF Value™ of €45.11. GuruFocus considers BQE Water to be Modestly Undervalued.

Key valuation signals for FRA:UL5A:

  • Cyclically Adjusted PS Ratio: 6.52 (57% above median its 10-year median of 4.15)
  • GF Value™: €45.11 vs. price of €41.40 (8.2% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 372.5% above the Waste Management median (#141 of 155)

No single metric tells the full story. See the FRA:UL5A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BQE Water Business Description

Other Exchanges BTQNF:USABQE:Canada
Address 30 East 6th Avenue, Suite 200, Vancouver, BC, CAN, V5T 1J4
BQE Water Inc is a service provider specializing in water treatment and management for metals mining, smelting and refining. It is helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise that enable more sustainable water management practices and improved overall project performance at reduced risks. BQE Water invests in and has developed intellectual property through the commercialization of several new technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA.
79GF Score

Get the complete analysis for FRA:UL5A

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

€41.40
Price
€45.11
GF Value