Systems (KAR:SYS) Cyclically Adjusted PS Ratio: 6.09 (As of Aug. 10, 2026) — 15% 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.

KAR:SYS Systems Ltd KAR:SYS
99 GF Score
Price ₨136.52
GF Value ₨157.28
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Systems Cyclically Adjusted PS Ratio?

Systems KAR:SYS -0.04% 99 Cyclically Adjusted PS Ratio is 6.09 as of Aug. 10, 2026, which is 15% below its 10-year median of 7.15. GuruFocus rates KAR:SYS with a GF Score™ of 99/100 and a GF Value™ of ₨157.28 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,607 Software companies, Systems ranks worse than 81.77% on this metric.

As of today (2026-08-10), Systems's current share price is ₨136.52. Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₨22.43. Systems's Cyclically Adjusted PS Ratio for today is 6.09.

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

KAR:SYS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.73   Med: 7.15   Max: 8.96
Current: 6.09

During the past years, Systems's highest Cyclically Adjusted PS Ratio was 8.96. The lowest was 5.73. And the median was 7.15.

KAR:SYS's Cyclically Adjusted PS Ratio is ranked worse than
81.77% of 1607 companies
in the Software industry
Industry Median: 1.67 vs KAR:SYS: 6.09

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.

Systems's adjusted revenue per share data for the three months ended in Mar. 2026 was ₨15.507. 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 ₨22.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Systems  (KAR:SYS) 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.


Systems Cyclically Adjusted PS Ratio Related Terms


Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Systems'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.

Systems Cyclically Adjusted PS Ratio Chart

Systems 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 0.00 0.00 0.00 8.30 8.31

Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.68 6.06 7.90 8.31 6.19

KAR:SYS vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Systems'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.


Systems Cyclically Adjusted PS Ratio vs Software Industry

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

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


KAR:SYS
99GF Score
Systems Ltd KAR:SYS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Systems 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=136.52/22.43
=6.09

* 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.

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

For example, Systems'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)
=15.507/330.2130*330.2130
=15.507

Current CPI (Mar. 2026) = 330.2130.

Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.599 241.018 0.821
201609 0.578 241.428 0.791
201612 0.570 241.432 0.780
201703 0.602 243.801 0.815
201706 0.637 244.955 0.859
201709 0.726 246.819 0.971
201712 0.860 246.524 1.152
201803 0.741 249.554 0.981
201806 0.990 251.989 1.297
201809 1.102 252.439 1.442
201812 0.890 251.233 1.170
201903 1.297 254.202 1.685
201906 1.530 256.143 1.972
201909 1.391 256.759 1.789
201912 1.444 256.974 1.856
202003 1.807 258.115 2.312
202006 1.692 257.797 2.167
202009 1.801 260.280 2.285
202012 1.447 260.474 1.834
202103 2.445 264.877 3.048
202106 2.536 271.696 3.082
202109 2.880 274.310 3.467
202112 3.376 278.802 3.999
202203 3.833 287.504 4.402
202206 4.376 296.311 4.877
202209 6.196 296.808 6.893
202212 7.880 296.797 8.767
202303 7.301 301.836 7.987
202306 8.524 305.109 9.225
202309 9.638 307.789 10.340
202312 11.022 306.746 11.865
202403 10.364 312.332 10.957
202406 10.786 314.175 11.337
202409 11.784 315.301 12.341
202412 13.101 315.605 13.707
202503 12.249 319.799 12.648
202506 12.635 322.561 12.935
202509 13.930 324.800 14.162
202512 15.435 324.054 15.728
202603 15.507 330.213 15.507

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 6.09 mean?
Systems (KAR:SYS) has a Cyclically Adjusted PS Ratio of 6.09 as of Aug. 10, 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 Systems and its competitors. This is 15% below median its historical median of 7.15. Over the past decade, Systems' Cyclically Adjusted PS Ratio has ranged from 5.73 to 8.96. According to the industry distribution chart, Systems ranks #1314 out of 1607 companies in the Software industry, placing it in the top 81.8%.
Is Systems' Cyclically Adjusted PS Ratio too high?
Systems' current Cyclically Adjusted PS Ratio of 6.09 is 15% below median its 10-year median of 7.15. Over the past 10 years, this metric has ranged from a low of 5.73 to a high of 8.96. The Software industry median Cyclically Adjusted PS Ratio is 1.67. Systems' value of 6.09 is 264.7% above this industry median. Based on the distribution chart, Systems ranks #1314 out of 1607 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Systems has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Systems' Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Systems ranks #1314 out of 1607 companies for Cyclically Adjusted PS Ratio. This places Systems in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.67. Systems' value of 6.09 is 264.7% above this benchmark. Historically, Systems' own Cyclically Adjusted PS Ratio has ranged from 5.73 to 8.96 over the past decade. While the company's 10-year median is 7.15 vs. the industry median of 1.67, Systems 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 1.67, based on 1,607 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. Systems's current Cyclically Adjusted PS Ratio of 6.09 is 264.7% 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 Systems and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Systems's current Cyclically Adjusted PS Ratio is 6.09, which is 15% below median its own 10-year median of 7.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Systems stock overvalued right now?
Based on GuruFocus' analysis, Systems (KAR:SYS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₨157.28, compared to a current price of ₨136.52 — trading 13.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.09, which is 15% below median its 10-year median of 7.15 and 264.7% above the Software industry median of 1.67. Systems' overall GF Score™ is 99/100 with 3 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 Systems (KAR:SYS), the current Cyclically Adjusted PS Ratio is 6.09 as of Aug. 10, 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 Systems (KAR:SYS) Overvalued in 2026?

Based on GuruFocus' analysis, Systems stock appears to be undervalued. The current stock price of ₨136.52 is trading 13.2% below its estimated GF Value™ of ₨157.28. GuruFocus considers Systems to be Modestly Undervalued.

Key valuation signals for KAR:SYS:

  • Cyclically Adjusted PS Ratio: 6.09 (15% below median its 10-year median of 7.15)
  • GF Value™: ₨157.28 vs. price of ₨136.52 (13.2% below fair value)
  • GF Score™: 99/100 with 3 warning signs
  • Industry Position: 264.7% above the Software median (#1314 of 1607)

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


Systems Business Description

Address Sehjpal Near DHA Phase -VIII, E-1, Ex.-Air Avenue), Lahore Cantontment, Lahore, PB, PAK
Systems Ltd is principally engaged in the business of software development, trading of software, hardware and business process outsourcing services. Its four primary segments are Banking Financial Services & Insurance includes activities related to banking, financial services, and insurance; Retail & CPG (Consumer Packaged Goods) covers retail operations and consumer goods; Telco (Telecommunications) involves telecommunications services and technologies; Technology includes technology-related solutions , products and services and; Others: It catch-all category may not include any remaining segments above of which majority of revenue comes from BFSI. It has presence in North America, Europe, Middle East & Africa, APAC, Pakistan of which majority of revenue comes from Middle East & Africa.
99GF Score

Get the complete analysis for KAR:SYS

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

₨136.52
Price
₨157.28
GF Value