Aqualis ASA (LTS:0QXF) Cyclically Adjusted PS Ratio: 0.54 (As of Aug. 06, 2026) — 13% Below Median

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LTS:0QXF Aqualis ASA LTS:0QXF
80 GF Score
Price kr8.80
GF Value kr10.50
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Aqualis ASA Cyclically Adjusted PS Ratio?

Aqualis ASA LTS:0QXF +0.69% 80 Cyclically Adjusted PS Ratio is 0.54 as of Aug. 06, 2026, which is 13% below its 10-year median of 0.62. GuruFocus rates LTS:0QXF with a GF Score™ of 80/100 and a GF Value™ of kr10.50 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 718 Business Services companies, Aqualis ASA ranks better than 64.62% on this metric.

As of today (2026-08-06), Aqualis ASA's current share price is kr8.80. Aqualis ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr16.28. Aqualis ASA's Cyclically Adjusted PS Ratio for today is 0.54.

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

LTS:0QXF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.62   Max: 0.78
Current: 0.51

During the past years, Aqualis ASA's highest Cyclically Adjusted PS Ratio was 0.78. The lowest was 0.51. And the median was 0.62.

LTS:0QXF's Cyclically Adjusted PS Ratio is ranked better than
64.62% of 718 companies
in the Business Services industry
Industry Median: 0.91 vs LTS:0QXF: 0.51

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.

Aqualis ASA's adjusted revenue per share data for the three months ended in Mar. 2026 was kr5.981. 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 kr16.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aqualis ASA  (LTS:0QXF) 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.


Aqualis ASA Cyclically Adjusted PS Ratio Related Terms


Aqualis ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aqualis ASA'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.

Aqualis ASA Cyclically Adjusted PS Ratio Chart

Aqualis ASA 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 0.69 0.52

Aqualis ASA 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 0.65 0.59 0.55 0.52 0.67

LTS:0QXF vs CTAS, CPRT, GPN: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, Aqualis ASA'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.


Aqualis ASA Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Aqualis ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0QXF
80GF Score
Aqualis ASA LTS:0QXF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aqualis ASA 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.

Aqualis ASA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.80/16.28
=0.54

* 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.

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

For example, Aqualis ASA'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)
=5.981/140.8000*140.8000
=5.981

Current CPI (Mar. 2026) = 140.8000.

Aqualis ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.060 100.100 2.898
201509 1.813 100.200 2.548
201512 1.750 100.400 2.454
201603 1.349 100.400 1.892
201606 1.602 101.000 2.233
201609 1.233 101.500 1.710
201612 1.252 102.200 1.725
201703 1.519 102.700 2.083
201706 1.465 103.500 1.993
201709 1.355 104.300 1.829
201712 1.760 105.000 2.360
201803 1.499 105.100 2.008
201806 1.720 105.900 2.287
201809 1.677 106.600 2.215
201812 2.005 107.100 2.636
201906 1.984 107.900 2.589
201912 0.000 108.500 0.000
202006 2.604 108.800 3.370
202012 0.000 109.400 0.000
202103 2.769 109.700 3.554
202106 3.422 111.400 4.325
202109 3.429 112.400 4.295
202112 3.502 114.700 4.299
202203 3.533 116.500 4.270
202206 4.160 120.500 4.861
202209 3.947 122.300 4.544
202212 4.035 125.300 4.534
202303 4.542 126.800 5.043
202306 5.586 129.400 6.078
202309 5.533 130.100 5.988
202312 5.791 130.500 6.248
202403 7.323 131.600 7.835
202406 5.674 133.000 6.007
202409 7.044 133.500 7.429
202412 7.413 135.100 7.726
202503 6.674 136.100 6.904
202506 8.829 138.400 8.982
202509 6.441 138.900 6.529
202512 6.719 139.900 6.762
202603 5.981 140.800 5.981

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 0.54 mean?
Aqualis ASA (LTS:0QXF) has a Cyclically Adjusted PS Ratio of 0.54 as of Aug. 06, 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 Aqualis ASA and its competitors. This is 13% below median its historical median of 0.62. Over the past decade, Aqualis ASA's Cyclically Adjusted PS Ratio has ranged from 0.51 to 0.78. According to the industry distribution chart, Aqualis ASA ranks #254 out of 718 companies in the Business Services industry, placing it in the top 35.4%.
Is Aqualis ASA's Cyclically Adjusted PS Ratio too high?
Aqualis ASA's current Cyclically Adjusted PS Ratio of 0.54 is 13% below median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 0.78. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Aqualis ASA's value of 0.54 is 40.7% below this industry median. Based on the distribution chart, Aqualis ASA ranks #254 out of 718 companies in the Business Services industry, which is above the industry midpoint. Overall, Aqualis ASA has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aqualis ASA's Cyclically Adjusted PS Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Aqualis ASA ranks #254 out of 718 companies for Cyclically Adjusted PS Ratio. This puts Aqualis ASA in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Aqualis ASA's value of 0.54 is 40.7% below this benchmark. Historically, Aqualis ASA's own Cyclically Adjusted PS Ratio has ranged from 0.51 to 0.78 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.91, Aqualis ASA 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 718 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. Aqualis ASA's current Cyclically Adjusted PS Ratio of 0.54 is 40.7% 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 Aqualis ASA and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aqualis ASA's current Cyclically Adjusted PS Ratio is 0.54, which is 13% below median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqualis ASA stock overvalued right now?
Based on GuruFocus' analysis, Aqualis ASA (LTS:0QXF) is currently considered Modestly Undervalued. The stock's GF Value™ is kr10.50, compared to a current price of kr8.80 — trading 16.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.54, which is 13% below median its 10-year median of 0.62 and 40.7% below the Business Services industry median of 0.91. Aqualis ASA's overall GF Score™ is 80/100 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 Aqualis ASA (LTS:0QXF), the current Cyclically Adjusted PS Ratio is 0.54 as of Aug. 06, 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 Aqualis ASA (LTS:0QXF) Overvalued in 2026?

Based on GuruFocus' analysis, Aqualis ASA stock appears to be undervalued. The current stock price of kr8.80 is trading 16.2% below its estimated GF Value™ of kr10.50. GuruFocus considers Aqualis ASA to be Modestly Undervalued.

Key valuation signals for LTS:0QXF:

  • Cyclically Adjusted PS Ratio: 0.54 (13% below median its 10-year median of 0.62)
  • GF Value™: kr10.50 vs. price of kr8.80 (16.2% below fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 40.7% below the Business Services median (#254 of 718)

No single metric tells the full story. See the LTS:0QXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aqualis ASA Business Description

Address 10 Lower Thames Street, 1st Floor, Northern and Shell Building, London, GBR, EC3R 6EN
Aqualis ASA is an independent consultancy providing energy, marine, engineering, and digital solutions to clients in the renewable energy, maritime, and oil and gas sectors. The company operates through four brands: ABL, OWC, Longitude, and AGR, with offices across multiple countries.
80GF Score

Get the complete analysis for LTS:0QXF

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

kr8.80
Price
kr10.50
GF Value