JNPKF (Jenoptik AG) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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.
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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.

JNPKF Jenoptik AG JNPKF
78 GF Score
Price $43.90
GF Value $28.69
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Jenoptik AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Jenoptik AG  (OTCPK:JNPKF) 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.


Jenoptik AG Cyclically Adjusted PS Ratio Related Terms


Jenoptik AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Jenoptik AG'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.

Jenoptik AG Cyclically Adjusted PS Ratio Chart

Jenoptik AG 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 2.34 1.31 1.37 1.35 1.18

Jenoptik AG 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 1.16 1.04 1.16 1.68 2.67

JNPKF vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Jenoptik AG'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.


Jenoptik AG Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


JNPKF
78GF Score
Jenoptik AG JNPKF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Jenoptik AG 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.

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

For example, Jenoptik AG'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)
=5.321/131.3638*131.3638
=5.321

Current CPI (Jun. 2026) = 131.3638.

Jenoptik AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.232 101.017 4.203
201612 3.621 101.217 4.699
201703 3.049 101.417 3.949
201706 3.551 102.117 4.568
201709 3.659 102.717 4.679
201712 4.548 102.617 5.822
201803 4.077 102.917 5.204
201806 4.055 104.017 5.121
201809 4.240 104.718 5.319
201812 4.809 104.217 6.062
201903 3.650 104.217 4.601
201906 3.909 105.718 4.857
201909 4.131 106.018 5.119
201912 5.019 105.818 6.231
202003 3.164 105.718 3.932
202006 3.166 106.618 3.901
202009 3.593 105.818 4.460
202012 5.460 105.518 6.797
202103 3.169 107.518 3.872
202106 3.760 108.486 4.553
202109 3.918 109.435 4.703
202112 2.826 110.384 3.363
202203 4.087 113.968 4.711
202206 4.444 115.760 5.043
202209 4.413 118.818 4.879
202212 5.035 119.345 5.542
202303 4.388 122.402 4.709
202306 5.150 123.140 5.494
202309 5.014 124.195 5.303
202312 5.585 123.773 5.928
202403 4.857 125.038 5.103
202406 5.354 125.882 5.587
202409 5.265 126.198 5.481
202412 5.603 127.041 5.794
202503 4.479 127.779 4.605
202506 5.046 128.412 5.162
202509 5.202 129.255 5.287
202512 5.953 129.361 6.045
202603 4.930 131.258 4.934
202606 5.321 131.364 5.321

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 Jenoptik AG (JNPKF) Overvalued in 2026?

Based on GuruFocus' analysis, Jenoptik AG stock appears to be overvalued. The current stock price of $43.90 is trading 53% above its estimated GF Value™ of $28.69. GuruFocus considers Jenoptik AG to be Significantly Overvalued.

Key valuation signals for JNPKF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $28.69 vs. price of $43.90 (53% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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


Jenoptik AG Business Description

Address Carl-Zeiss-Strasse 1, Jena, DEU, 07743
Jenoptik AG is a Germany-based company that manufactures and distributes optical technology products to the semiconductor equipment, automotive, medical technology, defense, security, and aviation industries. Its products include optoelectronic systems, power supply, and drive systems, industrial metrology, camera and camera modules, laser technology, light-emitting diode technology, aviation systems, and traffic safety systems. The company's operating segments are; Photonic Solutions which generates key revenue, Smart Mobility Solutions, and Non-Photonic portfolio and others.
78GF Score

Get the complete analysis for JNPKF

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

$43.90
Price
$28.69
GF Value