Western Energy Services (FRA:W1T) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:W1T Western Energy Services Corp FRA:W1T
51 GF Score
Price €1.98
GF Value €1.53
! 7 Warning Signs
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What is Western Energy Services Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Energy Services  (FRA:W1T) 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.


Western Energy Services Cyclically Adjusted PS Ratio Related Terms


Western Energy Services Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Western Energy Services'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.

Western Energy Services Cyclically Adjusted PS Ratio Chart

Western Energy Services 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 0.05 0.01 0.01 0.01 0.01

Western Energy Services 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 0.01 0.01 0.01 0.02 0.02

FRA:W1T vs NE, RIG, VAL: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Drilling subindustry, Western Energy Services'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.


Western Energy Services Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Western Energy Services's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Western Energy Services's Cyclically Adjusted PS Ratio falls into.


FRA:W1T
51GF Score
Western Energy Services Corp FRA:W1T
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Energy Services 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.

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

For example, Western Energy Services'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)
=0.708/133.5265*133.5265
=0.708

Current CPI (Jun. 2026) = 133.5265.

Western Energy Services Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 36.326 101.765 47.664
201612 51.010 101.449 67.139
201703 97.093 102.634 126.318
201706 36.612 103.029 47.450
201709 59.706 103.345 77.143
201712 60.057 103.345 77.597
201803 68.052 105.004 86.537
201806 28.046 105.557 35.477
201809 50.373 105.636 63.673
201812 54.465 105.399 69.000
201903 56.648 106.979 70.705
201906 32.624 107.690 40.451
201909 41.630 107.611 51.655
201912 40.689 107.769 50.414
202003 45.619 107.927 56.439
202006 9.338 108.401 11.502
202009 11.376 108.164 14.043
202012 23.453 108.559 28.847
202103 31.899 110.298 38.617
202106 18.121 111.720 21.658
202109 29.140 112.905 34.462
202112 37.566 113.774 44.088
202203 46.467 117.646 52.740
202206 1.372 120.806 1.516
202209 1.314 120.648 1.454
202212 1.298 120.964 1.433
202303 1.613 122.702 1.755
202306 0.868 124.203 0.933
202309 1.114 125.230 1.188
202312 1.135 125.072 1.212
202403 1.251 126.258 1.323
202406 0.863 127.522 0.904
202409 1.151 127.285 1.207
202412 1.183 127.364 1.240
202503 1.350 129.181 1.395
202506 0.753 129.892 0.774
202509 0.919 130.287 0.942
202512 1.064 130.366 1.090
202603 1.017 132.262 1.027
202606 0.708 133.527 0.708

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.

Is Western Energy Services (FRA:W1T) Overvalued in 2026?

Based on GuruFocus' analysis, Western Energy Services stock appears to be overvalued. The current stock price of €1.98 is trading 29.4% above its estimated GF Value™ of €1.53.

Key valuation signals for FRA:W1T:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €1.53 vs. price of €1.98 (29.4% above fair value)
  • GF Score™: 51/100 with 7 warning signs

No single metric tells the full story. See the FRA:W1T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Energy Services Business Description

Industry EnergyOil & Gas
Other Exchanges WEEEF:USAWRG:Canada
Address 215, 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3
Western Energy Services Corp is an energy service company providing contract drilling services through its division, Horizon Drilling in Canada, and its wholly owned subsidiary in the United States. The company provides production services in Canada through its division Eagle Well Servicing (Eagle) which provides well servicing and its division Aero Rental Services (Aero), which provides rental equipment services. It operates in two segments. Contract drilling includes drilling rigs along with related ancillary equipment. Production services include well servicing rigs and related equipment, as well as rental equipment. The contract drilling segment derives the majority of the revenue.
51GF Score

Get the complete analysis for FRA:W1T

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

€1.98
Price
€1.53
GF Value