CGI (GIB) Cyclically Adjusted PS Ratio: 1.58 (As of Jul. 22, 2026) — 43% 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.

GIB CGI Inc GIB
77 GF Score
Price $66.64
GF Value $125.05
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is CGI Cyclically Adjusted PS Ratio?

CGI GIB -2.36% 77 Cyclically Adjusted PS Ratio is 1.58 as of Jul. 22, 2026, which is 43% below its 10-year median of 2.79. GuruFocus rates GIB with a GF Score™ of 77/100 and a GF Value™ of $125.05 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,592 Software companies, CGI ranks better than 50% on this metric.

As of today (2026-07-22), CGI's current share price is $66.64. CGI's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $42.14. CGI's Cyclically Adjusted PS Ratio for today is 1.58.

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

GIB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.48   Med: 2.79   Max: 3.51
Current: 1.64

During the past years, CGI's highest Cyclically Adjusted PS Ratio was 3.51. The lowest was 1.48. And the median was 2.79.

GIB's Cyclically Adjusted PS Ratio is ranked better than
50% of 1592 companies
in the Software industry
Industry Median: 1.645 vs GIB: 1.64

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.

CGI's adjusted revenue per share data for the three months ended in Mar. 2026 was $14.215. 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 $42.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CGI  (NYSE:GIB) 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.


CGI Cyclically Adjusted PS Ratio Related Terms


CGI Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CGI'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.

CGI Cyclically Adjusted PS Ratio Chart

CGI Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.73 2.29 2.73 2.99 2.21

CGI 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 2.65 2.59 2.21 2.22 1.73

GIB vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, CGI'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.


CGI Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, CGI's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


GIB
77GF Score
CGI Inc GIB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CGI 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.

CGI's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=66.64/42.14
=1.58

* 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.

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

For example, CGI'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)
=14.215/132.2623*132.2623
=14.215

Current CPI (Mar. 2026) = 132.2623.

CGI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.694 102.002 8.680
201609 6.346 101.765 8.248
201612 6.486 101.449 8.456
201703 6.703 102.634 8.638
201706 7.093 103.029 9.106
201709 7.125 103.345 9.119
201712 7.566 103.345 9.683
201803 7.839 105.004 9.874
201806 7.792 105.557 9.763
201809 7.536 105.636 9.436
201812 7.835 105.399 9.832
201903 8.252 106.979 10.202
201906 8.465 107.690 10.396
201909 8.166 107.611 10.037
201912 8.493 107.769 10.423
202003 8.376 107.927 10.265
202006 8.617 108.401 10.514
202009 8.445 108.164 10.326
202012 9.052 108.559 11.028
202103 9.644 110.298 11.565
202106 9.908 111.720 11.730
202109 9.557 112.905 11.196
202112 9.789 113.774 11.380
202203 10.590 117.646 11.906
202206 10.569 120.806 11.571
202209 10.146 120.648 11.123
202212 10.607 120.964 11.598
202303 11.385 122.702 12.272
202306 11.513 124.203 12.260
202309 10.994 125.230 11.611
202312 11.482 125.072 12.142
202403 11.848 126.258 12.411
202406 11.622 127.522 12.054
202409 11.807 127.285 12.269
202412 11.641 127.364 12.089
202503 12.336 129.181 12.630
202506 13.338 129.892 13.581
202509 13.055 130.287 13.253
202512 13.582 130.366 13.780
202603 14.215 132.262 14.215

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 1.58 mean?
CGI (GIB) has a Cyclically Adjusted PS Ratio of 1.58 as of Jul. 22, 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 CGI and its competitors. This is 43% below median its historical median of 2.79. Over the past decade, CGI's Cyclically Adjusted PS Ratio has ranged from 1.48 to 3.51. According to the industry distribution chart, CGI ranks #796 out of 1592 companies in the Software industry, placing it in the top 50%.
Is CGI's Cyclically Adjusted PS Ratio too high?
CGI's current Cyclically Adjusted PS Ratio of 1.58 is 43% below median its 10-year median of 2.79. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 3.51. The Software industry median Cyclically Adjusted PS Ratio is 1.65. CGI's value of 1.58 is 4% below this industry median. Based on the distribution chart, CGI ranks #796 out of 1592 companies in the Software industry, which is above the industry midpoint. Overall, CGI has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CGI's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, CGI ranks #796 out of 1592 companies for Cyclically Adjusted PS Ratio. This puts CGI in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.65. CGI's value of 1.58 is 4% below this benchmark. Historically, CGI's own Cyclically Adjusted PS Ratio has ranged from 1.48 to 3.51 over the past decade. While the company's 10-year median is 2.79 vs. the industry median of 1.65, CGI 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.65, based on 1,592 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. CGI's current Cyclically Adjusted PS Ratio of 1.58 is 4% 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 CGI and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CGI's current Cyclically Adjusted PS Ratio is 1.58, which is 43% below median its own 10-year median of 2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CGI stock overvalued right now?
Based on GuruFocus' analysis, CGI (GIB) is currently considered Significantly Undervalued. The stock's GF Value™ is $125.05, compared to a current price of $66.64 — trading 46.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.58, which is 43% below median its 10-year median of 2.79 and 4% below the Software industry median of 1.65. CGI's overall GF Score™ is 77/100 with 1 warning sign 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 CGI (GIB), the current Cyclically Adjusted PS Ratio is 1.58 as of Jul. 22, 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 CGI (GIB) Overvalued in 2026?

Based on GuruFocus' analysis, CGI stock appears to be undervalued. The current stock price of $66.64 is trading 46.7% below its estimated GF Value™ of $125.05. GuruFocus considers CGI to be Significantly Undervalued.

Key valuation signals for GIB:

  • Cyclically Adjusted PS Ratio: 1.58 (43% below median its 10-year median of 2.79)
  • GF Value™: $125.05 vs. price of $66.64 (46.7% below fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 4% below the Software median (#796 of 1592)

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


CGI Business Description

Address 1350 Rene-Levesque Boulevard West, 25th Floor, Affaires Corporatives, Montreal, QC, CAN, H3G 1T4
CGI is a Canada-based IT-services provider with an embedded position in North America and Europe. The company is one of the major IT suppliers to different levels of government around the world. It offers a broad portfolio of services such as consulting, systems integration, application maintenance, and business process services to governments and the private sector. With offices in over 40 countries, CGI follows a balanced global delivery model with most consultants in client proximity.
77GF Score

Get the complete analysis for GIB

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

$66.64
Price
$125.05
GF Value