FSNUY (Fresenius SE KGaA) Cyclically Adjusted PS Ratio: 0.65 (As of Jul. 16, 2026) — 10% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
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.

FSNUY Fresenius SE & Co KGaA FSNUY
69 GF Score
Price $12.07
GF Value $10.53
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Fresenius SE KGaA Cyclically Adjusted PS Ratio?

Fresenius SE KGaA FSNUY +0.50% 69 Cyclically Adjusted PS Ratio is 0.65 as of Jul. 16, 2026, which is 10% below its 10-year median of 0.72. GuruFocus rates FSNUY with a GF Score™ of 69/100 and a GF Value™ of $10.53 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 359 Healthcare Providers & Services companies, Fresenius SE KGaA ranks better than 68.52% on this metric.

As of today (2026-07-16), Fresenius SE KGaA's current share price is $12.07. Fresenius SE KGaA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $18.63. Fresenius SE KGaA's Cyclically Adjusted PS Ratio for today is 0.65.

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

FSNUY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.72   Max: 1.91
Current: 0.65

During the past years, Fresenius SE KGaA's highest Cyclically Adjusted PS Ratio was 1.91. The lowest was 0.32. And the median was 0.72.

FSNUY's Cyclically Adjusted PS Ratio is ranked better than
68.52% of 359 companies
in the Healthcare Providers & Services industry
Industry Median: 1.14 vs FSNUY: 0.65

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.

Fresenius SE KGaA's adjusted revenue per share data for the three months ended in Mar. 2026 was $2.985. 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 $18.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fresenius SE KGaA  (OTCPK:FSNUY) 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.


Fresenius SE KGaA Cyclically Adjusted PS Ratio Related Terms


Fresenius SE KGaA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fresenius SE KGaA'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.

Fresenius SE KGaA Cyclically Adjusted PS Ratio Chart

Fresenius SE KGaA 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 0.61 0.41 0.43 0.52 0.77

Fresenius SE KGaA 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 0.61 0.66 0.74 0.77 0.69

FSNUY vs HCA, THC, DVA: Cyclically Adjusted PS Ratio Comparison

For the Medical Care Facilities subindustry, Fresenius SE KGaA'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.


Fresenius SE KGaA Cyclically Adjusted PS Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius SE KGaA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Fresenius SE KGaA's Cyclically Adjusted PS Ratio falls into.


FSNUY
69GF Score
Fresenius SE & Co KGaA FSNUY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fresenius SE KGaA 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.

Fresenius SE KGaA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.07/18.63
=0.65

* 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.

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

For example, Fresenius SE KGaA'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)
=2.985/131.2583*131.2583
=2.985

Current CPI (Mar. 2026) = 131.2583.

Fresenius SE KGaA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.687 100.717 4.805
201609 3.760 101.017 4.886
201612 3.739 101.217 4.849
201703 4.000 101.417 5.177
201706 4.306 102.117 5.535
201709 4.425 102.717 5.655
201712 4.606 102.617 5.892
201803 4.483 102.917 5.718
201806 4.385 104.017 5.533
201809 4.270 104.718 5.352
201812 4.501 104.217 5.669
201903 4.298 104.217 5.413
201906 4.458 105.718 5.535
201909 4.324 106.018 5.353
201912 4.629 105.818 5.742
202003 4.519 105.718 5.611
202006 4.513 106.618 5.556
202009 4.702 105.818 5.832
202012 5.066 105.518 6.302
202103 4.786 107.518 5.843
202106 4.993 108.486 6.041
202109 4.914 109.435 5.894
202112 5.041 110.384 5.994
202203 4.792 113.968 5.519
202206 4.700 115.760 5.329
202209 2.367 118.818 2.615
202212 2.666 119.345 2.932
202303 2.636 122.402 2.827
202306 2.522 123.140 2.688
202309 2.457 124.195 2.597
202312 2.602 123.773 2.759
202403 2.581 125.038 2.709
202406 2.590 125.882 2.701
202409 2.624 126.198 2.729
202412 2.718 127.041 2.808
202503 2.738 127.779 2.813
202506 2.828 128.412 2.891
202509 2.901 129.255 2.946
202512 3.200 129.361 3.247
202603 2.985 131.258 2.985

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 0.65 mean?
Fresenius SE KGaA (FSNUY) has a Cyclically Adjusted PS Ratio of 0.65 as of Jul. 16, 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 Fresenius SE KGaA and its competitors. This is 10% below median its historical median of 0.72. Over the past decade, Fresenius SE KGaA's Cyclically Adjusted PS Ratio has ranged from 0.32 to 1.91. According to the industry distribution chart, Fresenius SE KGaA ranks #113 out of 359 companies in the Healthcare Providers & Services industry, placing it in the top 31.5%.
Is Fresenius SE KGaA's Cyclically Adjusted PS Ratio too high?
Fresenius SE KGaA's current Cyclically Adjusted PS Ratio of 0.65 is 10% below median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.91. The Healthcare Providers & Services industry median Cyclically Adjusted PS Ratio is 1.14. Fresenius SE KGaA's value of 0.65 is 43% below this industry median. Based on the distribution chart, Fresenius SE KGaA ranks #113 out of 359 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Fresenius SE KGaA has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fresenius SE KGaA's Cyclically Adjusted PS Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Fresenius SE KGaA ranks #113 out of 359 companies for Cyclically Adjusted PS Ratio. This puts Fresenius SE KGaA in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.14. Fresenius SE KGaA's value of 0.65 is 43% below this benchmark. Historically, Fresenius SE KGaA's own Cyclically Adjusted PS Ratio has ranged from 0.32 to 1.91 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 1.14, Fresenius SE KGaA 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 a Healthcare Providers & Services company?
The median Cyclically Adjusted PS Ratio among Healthcare Providers & Services companies is 1.14, based on 359 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. Fresenius SE KGaA's current Cyclically Adjusted PS Ratio of 0.65 is 43% 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 Fresenius SE KGaA and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PS Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fresenius SE KGaA's current Cyclically Adjusted PS Ratio is 0.65, which is 10% below median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fresenius SE KGaA stock overvalued right now?
Based on GuruFocus' analysis, Fresenius SE KGaA (FSNUY) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.53, compared to a current price of $12.07 — trading 14.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.65, which is 10% below median its 10-year median of 0.72 and 43% below the Healthcare Providers & Services industry median of 1.14. Fresenius SE KGaA's overall GF Score™ is 69/100 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 Fresenius SE KGaA (FSNUY), the current Cyclically Adjusted PS Ratio is 0.65 as of Jul. 16, 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 Fresenius SE KGaA (FSNUY) Overvalued in 2026?

Based on GuruFocus' analysis, Fresenius SE KGaA stock appears to be overvalued. The current stock price of $12.07 is trading 14.6% above its estimated GF Value™ of $10.53. GuruFocus considers Fresenius SE KGaA to be Modestly Overvalued.

Key valuation signals for FSNUY:

  • Cyclically Adjusted PS Ratio: 0.65 (10% below median its 10-year median of 0.72)
  • GF Value™: $10.53 vs. price of $12.07 (14.6% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 43% below the Healthcare Providers & Services median (#113 of 359)

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


Fresenius SE KGaA Business Description

Address Else-Kroener-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius is a healthcare holding company based in Germany. The company owns a minority stake in dialysis service provider and equipment manufacturer Fresenius Medical Care. The Kabi segment manufactures intravenous drugs, nutrition products, infusion and transfusion therapies, and related pumps. The Helios segment operates private hospitals primarily in Germany and Spain.
69GF Score

Get the complete analysis for FSNUY

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

$12.07
Price
$10.53
GF Value