ISMAF (Indra Sistemas) Cyclically Adjusted PS Ratio: 1.85 (As of Jul. 27, 2026) — 208% Above 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.

ISMAF Indra Sistemas SA ISMAF
87 GF Score
Price $63.55
GF Value $43.93
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Indra Sistemas Cyclically Adjusted PS Ratio?

Indra Sistemas ISMAF 87 Cyclically Adjusted PS Ratio is 1.85 as of Jul. 27, 2026, which is 208% above its 10-year median of 0.60. GuruFocus rates ISMAF with a GF Score™ of 87/100 and a GF Value™ of $43.93 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,591 Software companies, Indra Sistemas ranks worse than 55.94% on this metric.

As of today (2026-07-27), Indra Sistemas's current share price is $63.55. Indra Sistemas's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $34.39. Indra Sistemas's Cyclically Adjusted PS Ratio for today is 1.85.

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

ISMAF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.6   Max: 2.54
Current: 2.06

During the past years, Indra Sistemas's highest Cyclically Adjusted PS Ratio was 2.54. The lowest was 0.29. And the median was 0.60.

ISMAF's Cyclically Adjusted PS Ratio is ranked worse than
55.94% of 1591 companies
in the Software industry
Industry Median: 1.59 vs ISMAF: 2.06

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.

Indra Sistemas's adjusted revenue per share data for the three months ended in Jun. 2026 was $12.170. 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 $34.39 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indra Sistemas  (OTCPK:ISMAF) 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.


Indra Sistemas Cyclically Adjusted PS Ratio Related Terms


Indra Sistemas Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Indra Sistemas'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.

Indra Sistemas Cyclically Adjusted PS Ratio Chart

Indra Sistemas 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 0.51 0.56 0.69 0.77 1.97

Indra Sistemas Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 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 1.59 1.64 1.97 1.87 1.85

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

For the Information Technology Services subindustry, Indra Sistemas'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.


Indra Sistemas Cyclically Adjusted PS Ratio vs Software Industry

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

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


ISMAF
87GF Score
Indra Sistemas SA ISMAF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indra Sistemas 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.

Indra Sistemas's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=63.55/34.39
=1.85

* 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.

Indra Sistemas's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Indra Sistemas's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=12.17/130.5100*130.5100
=12.170

Current CPI (Jun. 2026) = 130.5100.

Indra Sistemas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.237 99.737 5.544
201612 4.188 101.842 5.367
201703 3.561 100.896 4.606
201706 4.149 101.848 5.317
201709 4.992 101.524 6.417
201712 5.188 102.975 6.575
201803 4.308 102.122 5.506
201806 4.966 104.165 6.222
201809 4.704 103.818 5.913
201812 5.420 104.193 6.789
201903 4.298 103.488 5.420
201906 5.195 104.612 6.481
201909 4.630 103.905 5.816
201912 5.264 105.015 6.542
202003 4.199 103.469 5.296
202006 4.362 104.254 5.461
202009 4.473 103.521 5.639
202012 5.605 104.456 7.003
202103 4.631 104.857 5.764
202106 5.767 107.102 7.027
202109 4.977 107.669 6.033
202112 6.016 111.298 7.054
202203 4.858 115.153 5.506
202206 5.210 118.044 5.760
202209 4.992 117.221 5.558
202212 6.339 117.650 7.032
202303 5.081 118.948 5.575
202306 6.138 120.278 6.660
202309 6.074 121.343 6.533
202312 12.053 121.300 12.968
202403 6.978 122.762 7.418
202406 7.258 124.409 7.614
202409 6.896 123.121 7.310
202412 15.153 124.753 15.852
202503 7.158 125.531 7.442
202506 8.433 127.251 8.649
202509 7.772 126.840 7.997
202512 20.059 128.400 20.389
202603 8.780 129.860 8.824
202606 12.170 130.510 12.170

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 1.85 mean?
Indra Sistemas (ISMAF) has a Cyclically Adjusted PS Ratio of 1.85 as of Jul. 27, 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 Indra Sistemas and its competitors. This is 208% above median its historical median of 0.60. Over the past decade, Indra Sistemas' Cyclically Adjusted PS Ratio has ranged from 0.29 to 2.54. According to the industry distribution chart, Indra Sistemas ranks #890 out of 1591 companies in the Software industry, placing it in the top 55.9%.
Is Indra Sistemas' Cyclically Adjusted PS Ratio too high?
Indra Sistemas' current Cyclically Adjusted PS Ratio of 1.85 is 208% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 2.54. The Software industry median Cyclically Adjusted PS Ratio is 1.59. Indra Sistemas' value of 1.85 is 16.4% above this industry median. Based on the distribution chart, Indra Sistemas ranks #890 out of 1591 companies in the Software industry, which is below the industry midpoint. Overall, Indra Sistemas has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indra Sistemas' Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Indra Sistemas ranks #890 out of 1591 companies for Cyclically Adjusted PS Ratio. This places Indra Sistemas in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.59. Indra Sistemas' value of 1.85 is 16.4% above this benchmark. Historically, Indra Sistemas' own Cyclically Adjusted PS Ratio has ranged from 0.29 to 2.54 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 1.59, Indra Sistemas has consistently been above 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 1.59, based on 1,591 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. Indra Sistemas's current Cyclically Adjusted PS Ratio of 1.85 is 16.4% above 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 Indra Sistemas and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indra Sistemas's current Cyclically Adjusted PS Ratio is 1.85, which is 208% above 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 Indra Sistemas stock overvalued right now?
Based on GuruFocus' analysis, Indra Sistemas (ISMAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $43.93, compared to a current price of $63.55 — trading 44.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.85, which is 208% above median its 10-year median of 0.60 and 16.4% above the Software industry median of 1.59. Indra Sistemas' overall GF Score™ is 87/100 with 4 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 Indra Sistemas (ISMAF), the current Cyclically Adjusted PS Ratio is 1.85 as of Jul. 27, 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 Indra Sistemas (ISMAF) Overvalued in 2026?

Based on GuruFocus' analysis, Indra Sistemas stock appears to be overvalued. The current stock price of $63.55 is trading 44.7% above its estimated GF Value™ of $43.93. GuruFocus considers Indra Sistemas to be Significantly Overvalued.

Key valuation signals for ISMAF:

  • Cyclically Adjusted PS Ratio: 1.85 (208% above median its 10-year median of 0.60)
  • GF Value™: $43.93 vs. price of $63.55 (44.7% above fair value)
  • GF Score™: 87/100 with 4 warning signs
  • Industry Position: 16.4% above the Software median (#890 of 1591)

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


Indra Sistemas Business Description

Address Avenida de Bruselas, 35, Alcobendas, Madrid, ESP, 28108
Indra Sistemas SA is a Spain-based provider of information technology offerings for finance, insurance, public administration, airports, defense, healthcare, media, telecom, security, energy, and infrastructure end markets. Its product capabilities include analytics, cloud computing, enterprise resource planning, networks and communications, electoral processes, bus technology, subway technology, and sustainability solutions. The firm generates revenue in Europe, Africa, the Middle East, the Americas, and Asia-Pacific.
87GF Score

Get the complete analysis for ISMAF

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

$63.55
Price
$43.93
GF Value