FinecoBank SpA (FRA:ZS3) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:ZS3 FinecoBank SpA FRA:ZS3
78 GF Score
Price €23.30
GF Value €16.90
Valuation Significantly Overvalued
! 7 Warning Signs
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What is FinecoBank SpA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


FinecoBank SpA  (FRA:ZS3) 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.


FinecoBank SpA Cyclically Adjusted PS Ratio Related Terms


FinecoBank SpA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for FinecoBank SpA'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.

FinecoBank SpA Cyclically Adjusted PS Ratio Chart

FinecoBank SpA 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 0.00 0.00 0.42 0.54 0.70

FinecoBank SpA Quarterly Data
Mar21 Jun21 Dec21 Mar22 Jun22 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 0.60 0.58 0.70 0.00 0.00

FinecoBank SpA Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, FinecoBank SpA'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.


FinecoBank SpA Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, FinecoBank SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:ZS3
78GF Score
FinecoBank SpA FRA:ZS3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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FinecoBank SpA 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.

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

For example, FinecoBank SpA'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)
=0.56/124.5600*124.5600
=0.560

Current CPI (Mar. 2026) = 124.5600.

FinecoBank SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.240 99.721 0.300
201503 225.359 99.814 281.230
201506 0.222 100.279 0.276
201509 0.231 100.000 0.288
201512 0.375 99.814 0.468
201603 0.232 99.600 0.290
201606 0.246 99.900 0.307
201609 0.219 100.100 0.273
201612 0.376 100.300 0.467
201703 0.234 101.000 0.289
201706 0.233 101.100 0.287
201709 0.242 101.200 0.298
201712 0.396 101.200 0.487
201803 0.255 101.800 0.312
201806 0.266 102.400 0.324
201812 0.000 102.300 0.000
201906 0.000 103.100 0.000
201912 0.000 102.800 0.000
202003 0.368 102.900 0.445
202006 0.380 102.900 0.460
202012 0.285 102.600 0.346
202103 0.410 103.700 0.492
202106 0.364 104.200 0.435
202112 0.339 106.600 0.396
202203 0.418 110.400 0.472
202206 0.456 112.500 0.505
202212 0.432 119.000 0.452
202303 0.480 118.800 0.503
202306 0.629 119.700 0.655
202309 0.519 120.300 0.537
202312 0.671 119.700 0.698
202403 0.536 120.200 0.555
202406 0.704 120.700 0.727
202409 0.535 121.200 0.550
202412 0.717 121.200 0.737
202503 0.537 122.500 0.546
202506 0.700 122.700 0.711
202509 0.532 123.100 0.538
202512 0.767 122.600 0.779
202603 0.560 124.560 0.560

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 FinecoBank SpA (FRA:ZS3) Overvalued in 2026?

Based on GuruFocus' analysis, FinecoBank SpA stock appears to be overvalued. The current stock price of €23.30 is trading 37.9% above its estimated GF Value™ of €16.90. GuruFocus considers FinecoBank SpA to be Significantly Overvalued.

Key valuation signals for FRA:ZS3:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €16.90 vs. price of €23.30 (37.9% above fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the FRA:ZS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FinecoBank SpA Business Description

Address Piazza Durante, 11, Milan, ITA, 20131
FinecoBank SpA is a FinTech bank based in Italy, offering its services through a network of personal financial advisors and online and mobile channels that operate in an integrated manner. The Group's offerings are divided into three product areas: Banking, Brokerage, and Investing. Maximum revenue is generated from Banking activities, which include current account services, payment services, and the issuance of debit, credit, and prepaid cards, mortgages, overdrafts, and personal loans. The Brokerage category offers order execution services on behalf of the customer, and trading access to CFDs, futures, options, bonds, ETFs, and certificates; and Investing includes the asset management activities of the Group, its investment advisory services, and various investment products offerings.
78GF Score

Get the complete analysis for FRA:ZS3

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

€23.30
Price
€16.90
GF Value