Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Kratos Defense & Security SolutionsFRA:WF5A -0.44%72 Cyclically Adjusted PS Ratio is 5.41 as of Aug. 01, 2026, which is 307% above its 10-year median of 1.33. GuruFocus rates FRA:WF5A with a GF Score™ of 72/100 and a GF Value™ of €24.39 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 224 Aerospace & Defense companies, Kratos Defense & Security Solutions ranks worse than 68.3% on this metric.
The historical rank and industry rank for Kratos Defense & Security Solutions's Cyclically Adjusted PS Ratio or its related term are showing as below:
FRA:WF5A'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24 Med: 1.33 Max: 15.49
Current: 5.51
During the past years, Kratos Defense & Security Solutions's highest Cyclically Adjusted PS Ratio was 15.49. The lowest was 0.24. And the median was 1.33.
FRA:WF5A's Cyclically Adjusted PS Ratio is ranked worse than 68.3% of 224
companies
in the Aerospace & Defense industry
Industry Median: 2.835
vs FRA:WF5A: 5.51
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.
Kratos Defense & Security Solutions's adjusted revenue per share data for the three months ended in Mar. 2026 was €1.789. 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 €7.32 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
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.
Kratos Defense & Security Solutions Cyclically Adjusted PS Ratio Related Terms
Kratos Defense & Security Solutions Cyclically Adjusted PS Ratio Historical Data
* 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.
Kratos Defense & Security Solutions Cyclically Adjusted PS Ratio Chart
FRA:WF5A vs HXL, SARO, AVAV: Cyclically Adjusted PS Ratio Comparison
For the Aerospace & Defense subindustry, Kratos Defense & Security Solutions'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.
Kratos Defense & Security Solutions Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Kratos Defense & Security Solutions's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Kratos Defense & Security Solutions's Cyclically Adjusted PS Ratio falls into.
Kratos Defense & Security Solutions 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.
* 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.
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 5.41 mean?
Kratos Defense & Security Solutions (FRA:WF5A) has a Cyclically Adjusted PS Ratio of 5.41 as of Aug. 01, 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 Kratos Defense & Security Solutions and its competitors. This is 307% above median its historical median of 1.33. Over the past decade, Kratos Defense & Security Solutions' Cyclically Adjusted PS Ratio has ranged from 0.24 to 15.49. According to the industry distribution chart, Kratos Defense & Security Solutions ranks #153 out of 224 companies in the Aerospace & Defense industry, placing it in the top 68.3%.
Is Kratos Defense & Security Solutions' Cyclically Adjusted PS Ratio too high?
Kratos Defense & Security Solutions' current Cyclically Adjusted PS Ratio of 5.41 is 307% above median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 15.49. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 2.84. Kratos Defense & Security Solutions' value of 5.41 is 90.8% above this industry median. Based on the distribution chart, Kratos Defense & Security Solutions ranks #153 out of 224 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Kratos Defense & Security Solutions has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kratos Defense & Security Solutions' Cyclically Adjusted PS Ratio compare to HXL and SARO?
According to the Aerospace & Defense industry distribution chart, Kratos Defense & Security Solutions ranks #153 out of 224 companies for Cyclically Adjusted PS Ratio. This places Kratos Defense & Security Solutions in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.84. Kratos Defense & Security Solutions' value of 5.41 is 90.8% above this benchmark. Historically, Kratos Defense & Security Solutions' own Cyclically Adjusted PS Ratio has ranged from 0.24 to 15.49 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 2.84, Kratos Defense & Security Solutions 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 an Aerospace & Defense company?
The median Cyclically Adjusted PS Ratio among Aerospace & Defense companies is 2.84, based on 224 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. Kratos Defense & Security Solutions's current Cyclically Adjusted PS Ratio of 5.41 is 90.8% 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 Kratos Defense & Security Solutions and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kratos Defense & Security Solutions's current Cyclically Adjusted PS Ratio is 5.41, which is 307% above median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kratos Defense & Security Solutions stock overvalued right now?
Based on GuruFocus' analysis, Kratos Defense & Security Solutions (FRA:WF5A) is currently considered Significantly Overvalued. The stock's GF Value™ is €24.39, compared to a current price of €39.62 — trading 62.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.41, which is 307% above median its 10-year median of 1.33 and 90.8% above the Aerospace & Defense industry median of 2.84. Kratos Defense & Security Solutions' overall GF Score™ is 72/100 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 Kratos Defense & Security Solutions (FRA:WF5A), the current Cyclically Adjusted PS Ratio is 5.41 as of Aug. 01, 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 Kratos Defense & Security Solutions (FRA:WF5A) Overvalued in 2026?
Based on GuruFocus' analysis, Kratos Defense & Security Solutions stock appears to be overvalued.
The current stock price of €39.62 is trading 62.4% above its estimated GF Value™ of €24.39.
GuruFocus considers Kratos Defense & Security Solutions to be Significantly Overvalued.
Key valuation signals for FRA:WF5A:
Cyclically Adjusted PS Ratio: 5.41 (307% above median its 10-year median of 1.33)
GF Value™: €24.39 vs. price of €39.62 (62.4% above fair value)
Industry Position: 90.8% above the Aerospace & Defense median (#153 of 224)
No single metric tells the full story. See the FRA:WF5A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kratos Defense & Security Solutions Inc develops and fields transformative, affordable technology, platforms, and systems. The company has two segments; The Kratos Government Solutions (KGS) segment is comprised of an aggregation of KGS operating segments, including its microwave electronic products, space, training, and cybersecurity, C5ISR/modular systems, turbine technologies, and defense and rocket support services operating segments and The Unmanned Systems segment consists of unmanned aerial, unmanned ground, unmanned seaborne and related command, control, and communications system businesses. The company derives a majority of its revenue from the Kratos Government Solutions segment.
72GF Score
Get the complete analysis for FRA:WF5A
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:WF5A has been successfully added to your 
