ITEX (ITEX) Cyclically Adjusted PS Ratio: 0.57 (As of Jul. 17, 2026) — 23% 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.

ITEX ITEX Corp ITEX
68 GF Score
Price $3.04
GF Value $3.78
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is ITEX Cyclically Adjusted PS Ratio?

ITEX ITEX 68 Cyclically Adjusted PS Ratio is 0.57 as of Jul. 17, 2026, which is 23% below its 10-year median of 0.74. GuruFocus rates ITEX with a GF Score™ of 68/100 and a GF Value™ of $3.78 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 603 Capital Markets companies, ITEX ranks better than 85.74% on this metric.

As of today (2026-07-17), ITEX's current share price is $3.04063. ITEX's Cyclically Adjusted Revenue per Share for the quarter that ended in Jul. 2025 was $5.29. ITEX's Cyclically Adjusted PS Ratio for today is 0.57.

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

ITEX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.48   Med: 0.74   Max: 1.01
Current: 0.57

During the past years, ITEX's highest Cyclically Adjusted PS Ratio was 1.01. The lowest was 0.48. And the median was 0.74.

ITEX's Cyclically Adjusted PS Ratio is ranked better than
85.74% of 603 companies
in the Capital Markets industry
Industry Median: 3.36 vs ITEX: 0.57

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.

ITEX's adjusted revenue per share data for the three months ended in Jul. 2025 was $0.786. 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 $5.29 for the trailing ten years ended in Jul. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


ITEX  (OTCPK:ITEX) 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.


ITEX Cyclically Adjusted PS Ratio Related Terms


ITEX Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ITEX'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.

ITEX Cyclically Adjusted PS Ratio Chart

ITEX Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.66 0.79 0.88 0.75

ITEX Quarterly Data
Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25
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 0.88 0.77 0.83 0.79 0.75

ITEX vs WAI, NCPL, PMAX: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, ITEX'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.


ITEX Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ITEX's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ITEX
68GF Score
ITEX Corp ITEX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ITEX 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.04063/5.29
=0.57

* 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.

ITEX's Cyclically Adjusted Revenue per Share for the quarter that ended in Jul. 2025 is calculated as:

For example, ITEX's adjusted Revenue per Share data for the three months ended in Jul. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jul. 2025 (Change)*Current CPI (Jul. 2025)
=0.786/323.0480*323.0480
=0.786

Current CPI (Jul. 2025) = 323.0480.

ITEX Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201510 1.474 237.838 2.002
201601 1.546 236.916 2.108
201604 1.350 239.261 1.823
201607 1.379 240.628 1.851
201610 1.233 241.729 1.648
201701 1.349 242.839 1.795
201704 1.153 244.524 1.523
201707 1.282 244.786 1.692
201710 1.225 246.663 1.604
201801 1.244 247.867 1.621
201804 1.106 250.546 1.426
201807 1.140 252.006 1.461
201810 1.104 252.885 1.410
201901 1.146 251.712 1.471
201904 1.206 255.548 1.525
201907 1.291 256.571 1.625
201910 1.259 257.346 1.580
202001 1.343 257.971 1.682
202004 1.037 256.389 1.307
202007 1.023 259.101 1.275
202010 1.029 260.388 1.277
202101 1.152 261.582 1.423
202104 1.029 267.054 1.245
202107 0.969 273.003 1.147
202110 0.951 276.589 1.111
202201 1.021 281.148 1.173
202204 0.911 289.109 1.018
202207 1.010 296.276 1.101
202210 0.978 298.012 1.060
202301 1.018 299.170 1.099
202304 0.880 303.363 0.937
202307 0.969 305.691 1.024
202310 0.946 307.671 0.993
202401 0.952 308.417 0.997
202404 0.817 313.548 0.842
202407 0.814 314.540 0.836
202410 0.798 315.664 0.817
202501 0.847 317.671 0.861
202504 0.761 320.795 0.766
202507 0.786 323.048 0.786

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 0.57 mean?
ITEX (ITEX) has a Cyclically Adjusted PS Ratio of 0.57 as of Jul. 17, 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 ITEX and its competitors. This is 23% below median its historical median of 0.74. Over the past decade, ITEX's Cyclically Adjusted PS Ratio has ranged from 0.48 to 1.01. According to the industry distribution chart, ITEX ranks #86 out of 603 companies in the Capital Markets industry, placing it in the top 14.3%.
Is ITEX's Cyclically Adjusted PS Ratio too high?
ITEX's current Cyclically Adjusted PS Ratio of 0.57 is 23% below median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.01. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.36. ITEX's value of 0.57 is 83% below this industry median. Based on the distribution chart, ITEX ranks #86 out of 603 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, ITEX has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ITEX's Cyclically Adjusted PS Ratio compare to WAI and NCPL?
According to the Capital Markets industry distribution chart, ITEX ranks #86 out of 603 companies for Cyclically Adjusted PS Ratio. This places ITEX in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.36. ITEX's value of 0.57 is 83% below this benchmark. Historically, ITEX's own Cyclically Adjusted PS Ratio has ranged from 0.48 to 1.01 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 3.36, ITEX 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 Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.36, based on 603 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. ITEX's current Cyclically Adjusted PS Ratio of 0.57 is 83% 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 ITEX and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITEX's current Cyclically Adjusted PS Ratio is 0.57, which is 23% below median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITEX stock overvalued right now?
Based on GuruFocus' analysis, ITEX (ITEX) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.78, compared to a current price of $3.04 — trading 19.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.57, which is 23% below median its 10-year median of 0.74 and 83% below the Capital Markets industry median of 3.36. ITEX's overall GF Score™ is 68/100 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 ITEX (ITEX), the current Cyclically Adjusted PS Ratio is 0.57 as of Jul. 17, 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 ITEX (ITEX) Overvalued in 2026?

Based on GuruFocus' analysis, ITEX stock appears to be undervalued. The current stock price of $3.04 is trading 19.6% below its estimated GF Value™ of $3.78. GuruFocus considers ITEX to be Modestly Undervalued.

Key valuation signals for ITEX:

  • Cyclically Adjusted PS Ratio: 0.57 (23% below median its 10-year median of 0.74)
  • GF Value™: $3.78 vs. price of $3.04 (19.6% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 83% below the Capital Markets median (#86 of 603)

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


ITEX Business Description

Address 13555 South East 36th Street, Suite 210, Bellevue, WA, USA, 98006
ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. It generates revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.
68GF Score

Get the complete analysis for ITEX

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

$3.04
Price
$3.78
GF Value