SThree (HAM:S8T) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

HAM:S8T SThree PLC HAM:S8T
55 GF Score
Price €3.40
GF Value €2.82
Valuation Modestly Overvalued
! 11 Warning Signs
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What is SThree Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SThree  (HAM:S8T) 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.


SThree Cyclically Adjusted PS Ratio Related Terms


SThree Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SThree'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.

SThree Cyclically Adjusted PS Ratio Chart

SThree Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.14

SThree Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 - - - 0.14 0.14

HAM:S8T vs RHI, KFY, TNET: Cyclically Adjusted PS Ratio Comparison

For the Staffing & Employment Services subindustry, SThree'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.


SThree Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, SThree's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:S8T
55GF Score
SThree PLC HAM:S8T
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SThree 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.

SThree's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov25 is calculated as:

For example, SThree's adjusted Revenue per Share data for the fiscal year that ended in Nov25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Nov25 (Change)*Current CPI (Nov25)
=11.745/139.4000*139.4000
=11.745

Current CPI (Nov25) = 139.4000.

SThree Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201611 8.979 101.800 12.295
201711 9.633 104.700 12.826
201811 10.699 106.900 13.952
201911 11.249 108.500 14.453
202011 9.971 109.100 12.740
202111 11.261 114.100 13.758
202211 14.167 124.800 15.824
202311 14.156 130.000 15.180
202411 13.107 134.600 13.574
202511 11.745 139.400 11.745

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 SThree (HAM:S8T) Overvalued in 2026?

Based on GuruFocus' analysis, SThree stock appears to be overvalued. The current stock price of €3.40 is trading 20.6% above its estimated GF Value™ of €2.82. GuruFocus considers SThree to be Modestly Overvalued.

Key valuation signals for HAM:S8T:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €2.82 vs. price of €3.40 (20.6% above fair value)
  • GF Score™: 55/100 with 11 warning signs

No single metric tells the full story. See the HAM:S8T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SThree Business Description

Other Exchanges STEMl:UKSTEM:UK
Address 8 Bishopsgate, Level 16, London, GBR, EC2N 4BQ
SThree PLC is involved in the staffing business. It provides contract and permanent recruitment services. The company operates in information and communication, engineering, energy, life sciences, banking, and finance sectors. It provides its service through various brands such as Progressive, Computer Futures, Real Staffing Group, and Huxley Associates. The company generated its revenue from DACH, Rest of Europe, Netherlands including Spain, USA, Middle East & Asia.
55GF Score

Get the complete analysis for HAM:S8T

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

€3.40
Price
€2.82
GF Value