IWVTF (Intelligent Wave) Cyclically Adjusted PS Ratio: 1.81 (As of Sep. 08, 2026) — 21% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

IWVTF Intelligent Wave Inc IWVTF
89 GF Score
Price $5.80
GF Value $5.16
! 7 Warning Signs
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What is Intelligent Wave Cyclically Adjusted PS Ratio?

Intelligent Wave IWVTF 89 Cyclically Adjusted PS Ratio is 1.81 as of Sep. 08, 2026, which is 21% below its 10-year median of 2.29. GuruFocus rates IWVTF with a GF Score™ of 89/100 and a GF Value™ of $5.16. The stock has 7 warning signs investors should review. Among 1,580 Software companies, Intelligent Wave ranks worse than 62.34% on this metric.

As of today (2026-09-08), Intelligent Wave's current share price is $5.80. Intelligent Wave's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $3.20. Intelligent Wave's Cyclically Adjusted PS Ratio for today is 1.81.

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

IWVTF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.44   Med: 2.29   Max: 3.85
Current: 2.69

During the past years, Intelligent Wave's highest Cyclically Adjusted PS Ratio was 3.85. The lowest was 1.44. And the median was 2.29.

IWVTF's Cyclically Adjusted PS Ratio is ranked worse than
62.34% of 1580 companies
in the Software industry
Industry Median: 1.675 vs IWVTF: 2.69

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.

Intelligent Wave's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.998. 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 $3.20 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intelligent Wave  (OTCPK:IWVTF) 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.


Intelligent Wave Cyclically Adjusted PS Ratio Related Terms


Intelligent Wave Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Intelligent Wave'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.

Intelligent Wave Cyclically Adjusted PS Ratio Chart

Intelligent Wave Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.26 1.98 2.54 2.36 0.00

Intelligent Wave 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 2.36 2.20 1.93 1.89 0.00

IWVTF vs MSFT, PLTR, ORCL: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Intelligent Wave'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.


Intelligent Wave Cyclically Adjusted PS Ratio vs Software Industry

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

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


IWVTF
89GF Score
Intelligent Wave Inc IWVTF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Intelligent Wave 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.

Intelligent Wave's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.80/3.20
=1.81

* 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.

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

For example, Intelligent Wave'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)
=0.998/112.7000*112.7000
=0.998

Current CPI (Mar. 2026) = 112.7000.

Intelligent Wave Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.835 98.100 0.959
201609 0.617 98.000 0.710
201612 0.700 98.400 0.802
201703 0.761 98.100 0.874
201706 0.826 98.500 0.945
201709 0.796 98.800 0.908
201712 0.801 99.400 0.908
201803 1.124 99.200 1.277
201806 0.958 99.200 1.088
201809 0.792 99.900 0.893
201812 0.915 99.700 1.034
201903 0.906 99.700 1.024
201906 0.969 99.800 1.094
201909 0.855 100.100 0.963
201912 0.892 100.500 1.000
202003 1.002 100.300 1.126
202006 1.101 99.900 1.242
202009 0.828 99.900 0.934
202012 1.080 99.300 1.226
202103 0.986 99.900 1.112
202106 1.078 99.500 1.221
202109 0.778 100.100 0.876
202112 0.881 100.100 0.992
202203 0.945 101.100 1.053
202206 1.039 101.800 1.150
202209 0.968 103.100 1.058
202212 0.886 104.100 0.959
202303 0.884 104.400 0.954
202306 0.936 105.200 1.003
202309 0.813 106.200 0.863
202312 1.003 106.800 1.058
202403 0.970 107.200 1.020
202406 0.911 108.200 0.949
202409 0.946 108.900 0.979
202412 0.993 110.700 1.011
202503 1.023 111.100 1.038
202506 1.075 111.700 1.085
202509 0.967 112.000 0.973
202512 1.128 113.000 1.125
202603 0.998 112.700 0.998

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 1.81 mean?
Intelligent Wave (IWVTF) has a Cyclically Adjusted PS Ratio of 1.81 as of Sep. 08, 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 Intelligent Wave and its competitors. This is 21% below median its historical median of 2.29. Over the past decade, Intelligent Wave's Cyclically Adjusted PS Ratio has ranged from 1.44 to 3.85. According to the industry distribution chart, Intelligent Wave ranks #985 out of 1580 companies in the Software industry, placing it in the top 62.3%.
Is Intelligent Wave's Cyclically Adjusted PS Ratio too high?
Intelligent Wave's current Cyclically Adjusted PS Ratio of 1.81 is 21% below median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 3.85. The Software industry median Cyclically Adjusted PS Ratio is 1.68. Intelligent Wave's value of 1.81 is 8.1% above this industry median. Based on the distribution chart, Intelligent Wave ranks #985 out of 1580 companies in the Software industry, which is below the industry midpoint. Overall, Intelligent Wave has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Intelligent Wave's Cyclically Adjusted PS Ratio compare to MSFT and PLTR?
According to the Software industry distribution chart, Intelligent Wave ranks #985 out of 1580 companies for Cyclically Adjusted PS Ratio. This places Intelligent Wave in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.68. Intelligent Wave's value of 1.81 is 8.1% above this benchmark. Historically, Intelligent Wave's own Cyclically Adjusted PS Ratio has ranged from 1.44 to 3.85 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 1.68, Intelligent Wave 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 1.68, based on 1,580 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. Intelligent Wave's current Cyclically Adjusted PS Ratio of 1.81 is 8.1% 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 Intelligent Wave and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intelligent Wave's current Cyclically Adjusted PS Ratio is 1.81, which is 21% below median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intelligent Wave stock overvalued right now?
Intelligent Wave (IWVTF) has a current Cyclically Adjusted PS Ratio of 1.81. The stock's GF Value™ is $5.16, compared to a current price of $5.80 — trading 12.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.81, which is 21% below median its 10-year median of 2.29 and 8.1% above the Software industry median of 1.68. Intelligent Wave's overall GF Score™ is 89/100 with 7 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 Intelligent Wave (IWVTF), the current Cyclically Adjusted PS Ratio is 1.81 as of Sep. 08, 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 Intelligent Wave (IWVTF) Overvalued in 2026?

Based on GuruFocus' analysis, Intelligent Wave stock appears to be overvalued. The current stock price of $5.80 is trading 12.4% above its estimated GF Value™ of $5.16.

Key valuation signals for IWVTF:

  • Cyclically Adjusted PS Ratio: 1.81 (21% below median its 10-year median of 2.29)
  • GF Value™: $5.16 vs. price of $5.80 (12.4% above fair value)
  • GF Score™: 89/100 with 7 warning signs
  • Industry Position: 8.1% above the Software median (#985 of 1580)

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


Intelligent Wave Business Description

Other Exchanges 4847:Japan
Address -21-2, Shinkawa, Chuo-ku, Kayabacho Tower, Tokyo, JPN, 104-0033
Intelligent Wave Inc is engaged in sales of system development services and system products, including hardware and software. It operates in two business segments including the Financial Systems Solutions business, and the Product Solutions business. In the Financial Systems Solutions business, it offers value-added system development, through software and hardware integration, and maintenance services for customers operating primarily in the financial services industry. In the Product Solutions business, it deploys and maintains high value-added systems for data security and other solutions based on the in-house developed product as well as system software procured from third parties for customers operating in a range of industries and fields.
89GF Score

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

$5.80
Price
$5.16
GF Value