FSGCY (First Gen) Cyclically Adjusted PS Ratio: 0.51 (As of Jul. 07, 2026) — 15% Below Median


FSGCY First Gen Corp FSGCY
56 GF Score
Price $5.35
GF Value $2.12
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is First Gen Cyclically Adjusted PS Ratio?

First Gen FSGCY 56 Cyclically Adjusted PS Ratio is 0.51 as of Jul. 07, 2026, which is 15% below its 10-year median of 0.60. GuruFocus rates FSGCY with a GF Score™ of 56/100 and a GF Value™ of $2.12 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 270 Utilities - Independent Power Producers companies, First Gen ranks better than 77.41% on this metric.

As of today (2026-07-07), First Gen's current share price is $5.35. First Gen's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $10.46. First Gen's Cyclically Adjusted PS Ratio for today is 0.51.

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

FSGCY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.6   Max: 1.17
Current: 0.51

During the past years, First Gen's highest Cyclically Adjusted PS Ratio was 1.17. The lowest was 0.46. And the median was 0.60.

FSGCY's Cyclically Adjusted PS Ratio is ranked better than
77.41% of 270 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.685 vs FSGCY: 0.51

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.

First Gen's adjusted revenue per share data for the three months ended in Mar. 2026 was $1.389. 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 $10.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Gen  (OTCPK:FSGCY) 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.


First Gen Cyclically Adjusted PS Ratio Related Terms


First Gen Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for First Gen'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.

First Gen Cyclically Adjusted PS Ratio Chart

First Gen 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 0.95 0.53 0.52 0.50 0.57

First Gen 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 0.51 0.55 0.48 0.57 0.57

First Gen Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, First Gen'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.


First Gen Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FSGCY
56GF Score
First Gen Corp FSGCY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Gen 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.

First Gen's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.35/10.46
=0.51

* 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.

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

For example, First Gen'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)
=1.389/330.2130*330.2130
=1.389

Current CPI (Mar. 2026) = 330.2130.

First Gen Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.630 241.018 2.233
201609 1.619 241.428 2.214
201612 1.872 241.432 2.560
201703 1.948 243.801 2.638
201706 1.945 244.955 2.622
201709 1.979 246.819 2.648
201712 1.760 246.524 2.357
201803 2.220 249.554 2.938
201806 2.343 251.989 3.070
201809 2.409 252.439 3.151
201812 2.280 251.233 2.997
201903 2.559 254.202 3.324
201906 2.681 256.143 3.456
201909 2.368 256.759 3.045
201912 2.326 256.974 2.989
202003 2.244 258.115 2.871
202006 2.060 257.797 2.639
202009 1.856 260.280 2.355
202012 2.014 260.474 2.553
202103 2.149 264.877 2.679
202106 2.540 271.696 3.087
202109 2.576 274.310 3.101
202112 2.685 278.802 3.180
202203 2.695 287.504 3.095
202206 3.508 296.311 3.909
202209 3.847 296.808 4.280
202212 2.818 296.797 3.135
202303 3.209 301.836 3.511
202306 3.189 305.109 3.451
202309 3.103 307.789 3.329
202312 2.710 306.746 2.917
202403 3.036 312.332 3.210
202406 3.625 314.175 3.810
202409 2.891 315.301 3.028
202412 -4.863 315.605 -5.088
202503 1.051 319.799 1.085
202506 3.228 322.561 3.305
202509 3.016 324.800 3.066
202512 -4.566 324.054 -4.653
202603 1.389 330.213 1.389

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 0.51 mean?
First Gen (FSGCY) has a Cyclically Adjusted PS Ratio of 0.51 as of Jul. 07, 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 First Gen and its competitors. This is 15% below median its historical median of 0.60. Over the past decade, First Gen's Cyclically Adjusted PS Ratio has ranged from 0.46 to 1.17. According to the industry distribution chart, First Gen ranks #61 out of 270 companies in the Utilities - Independent Power Producers industry, placing it in the top 22.6%.
Is First Gen's Cyclically Adjusted PS Ratio too high?
First Gen's current Cyclically Adjusted PS Ratio of 0.51 is 15% below median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.17. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.69. First Gen's value of 0.51 is 69.7% below this industry median. Based on the distribution chart, First Gen ranks #61 out of 270 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, First Gen has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Gen's Cyclically Adjusted PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #61 out of 270 companies for Cyclically Adjusted PS Ratio. This places First Gen in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.69. First Gen's value of 0.51 is 69.7% below this benchmark. Historically, First Gen's own Cyclically Adjusted PS Ratio has ranged from 0.46 to 1.17 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 1.69, First Gen has consistently been below 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 Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.69, based on 270 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. First Gen's current Cyclically Adjusted PS Ratio of 0.51 is 69.7% below 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 First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current Cyclically Adjusted PS Ratio is 0.51, which is 15% below median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Gen stock overvalued right now?
Based on GuruFocus' analysis, First Gen (FSGCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.12, compared to a current price of $5.35 — trading 152.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.51, which is 15% below median its 10-year median of 0.60 and 69.7% below the Utilities - Independent Power Producers industry median of 1.69. First Gen's overall GF Score™ is 56/100 with 9 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 First Gen (FSGCY), the current Cyclically Adjusted PS Ratio is 0.51 as of Jul. 07, 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 First Gen (FSGCY) Overvalued in 2026?

Based on GuruFocus' analysis, First Gen stock appears to be overvalued. The current stock price of $5.35 is trading 152.4% above its estimated GF Value™ of $2.12. GuruFocus considers First Gen to be Significantly Overvalued.

Key valuation signals for FSGCY:

  • Cyclically Adjusted PS Ratio: 0.51 (15% below median its 10-year median of 0.60)
  • GF Value™: $2.12 vs. price of $5.35 (152.4% above fair value)
  • GF Score™: 56/100 with 9 warning signs
  • Industry Position: 69.7% below the Utilities - Independent Power Producers median (#61 of 270)

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


First Gen Business Description

Other Exchanges FGEN:Philippines
Address Ortigas Avenue, 6th Floor, Rockwell Business Center, Tower 3, Pasig, PHL, 1604
First Gen Corp is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FGEN LNG, FNPC, and Prime Meridian. The company only operates in Philippines.
56GF Score

Get the complete analysis for FSGCY

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

$5.35
Price
$2.12
GF Value