SES (LUX:SESGL) Cyclically Adjusted PS Ratio: 1.55 (As of Jul. 15, 2026) — Near Median

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LUX:SESGL SES SA LUX:SESGL
77 GF Score
Price €7.42
GF Value €9.48
Valuation Modestly Undervalued
! 8 Warning Signs
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What is SES Cyclically Adjusted PS Ratio?

SES LUX:SESGL +0.68% 77 Cyclically Adjusted PS Ratio is 1.55 as of Jul. 15, 2026, which is 3% above its 10-year median of 1.51. GuruFocus rates LUX:SESGL with a GF Score™ of 77/100 and a GF Value™ of €9.48 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 736 Media - Diversified companies, SES ranks worse than 68.07% on this metric.

As of today (2026-07-15), SES's current share price is €7.42. SES's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €4.79. SES's Cyclically Adjusted PS Ratio for today is 1.55.

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

LUX:SESGL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.51   Max: 4.33
Current: 1.54

During the past years, SES's highest Cyclically Adjusted PS Ratio was 4.33. The lowest was 0.64. And the median was 1.51.

LUX:SESGL's Cyclically Adjusted PS Ratio is ranked worse than
68.07% of 736 companies
in the Media - Diversified industry
Industry Median: 0.79 vs LUX:SESGL: 1.54

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.

SES's adjusted revenue per share data for the three months ended in Mar. 2026 was €2.118. 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 €4.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SES  (LUX:SESGL) 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.


SES Cyclically Adjusted PS Ratio Related Terms


SES Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SES'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.

SES Cyclically Adjusted PS Ratio Chart

SES 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 1.55 1.34 1.30 0.66 1.21

SES 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 1.16 1.26 1.38 1.21 1.33

LUX:SESGL vs NXST: Cyclically Adjusted PS Ratio Comparison

For the Broadcasting subindustry, SES'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.


SES Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, SES's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LUX:SESGL
77GF Score
SES SA LUX:SESGL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SES 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.42/4.79
=1.55

* 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.

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

For example, SES'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)
=2.118/127.1600*127.1600
=2.118

Current CPI (Mar. 2026) = 127.1600.

SES Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.033 100.660 1.305
201609 1.159 100.750 1.463
201612 1.258 101.040 1.583
201703 1.095 101.780 1.368
201706 1.222 102.170 1.521
201709 1.040 102.520 1.290
201712 0.686 102.410 0.852
201803 0.924 102.900 1.142
201806 0.814 103.650 0.999
201809 1.194 104.580 1.452
201812 0.732 104.320 0.892
201903 0.865 105.140 1.046
201906 0.818 105.550 0.985
201909 1.066 105.900 1.280
201912 0.779 106.080 0.934
202003 0.845 106.040 1.013
202006 0.814 106.340 0.973
202009 1.019 106.620 1.215
202012 1.023 106.670 1.220
202103 0.821 108.140 0.965
202106 0.721 108.680 0.844
202109 1.006 109.470 1.169
202112 0.690 111.090 0.790
202203 0.874 114.780 0.968
202206 0.777 116.750 0.846
202209 1.089 117.000 1.184
202212 0.783 117.060 0.851
202303 0.891 118.910 0.953
202306 0.894 120.460 0.944
202309 1.154 121.740 1.205
202312 1.356 121.170 1.423
202403 1.092 122.590 1.133
202406 1.162 123.120 1.200
202409 0.735 123.300 0.758
202412 1.273 122.430 1.322
202503 1.053 124.210 1.078
202506 1.335 125.820 1.349
202509 2.097 126.570 2.107
202512 2.127 126.180 2.144
202603 2.118 127.160 2.118

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 1.55 mean?
SES (LUX:SESGL) has a Cyclically Adjusted PS Ratio of 1.55 as of Jul. 15, 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 SES and its competitors. This is near median its historical median of 1.51. Over the past decade, SES's Cyclically Adjusted PS Ratio has ranged from 0.64 to 4.33. According to the industry distribution chart, SES ranks #501 out of 736 companies in the Media - Diversified industry, placing it in the top 68.1%.
Is SES's Cyclically Adjusted PS Ratio too high?
SES's current Cyclically Adjusted PS Ratio of 1.55 is near median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 4.33. The Media - Diversified industry median Cyclically Adjusted PS Ratio is 0.79. SES's value of 1.55 is 96.2% above this industry median. Based on the distribution chart, SES ranks #501 out of 736 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, SES has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SES's Cyclically Adjusted PS Ratio compare to NXST?
According to the Media - Diversified industry distribution chart, SES ranks #501 out of 736 companies for Cyclically Adjusted PS Ratio. This places SES in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.79. SES's value of 1.55 is 96.2% above this benchmark. Historically, SES's own Cyclically Adjusted PS Ratio has ranged from 0.64 to 4.33 over the past decade. While the company's 10-year median is 1.51 vs. the industry median of 0.79, SES 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 Media - Diversified company?
The median Cyclically Adjusted PS Ratio among Media - Diversified companies is 0.79, based on 736 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. SES's current Cyclically Adjusted PS Ratio of 1.55 is 96.2% 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 SES and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PS Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SES's current Cyclically Adjusted PS Ratio is 1.55, which is near median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SES stock overvalued right now?
Based on GuruFocus' analysis, SES (LUX:SESGL) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.48, compared to a current price of €7.42 — trading 21.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.55, which is near median its 10-year median of 1.51 and 96.2% above the Media - Diversified industry median of 0.79. SES's overall GF Score™ is 77/100 with 8 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 SES (LUX:SESGL), the current Cyclically Adjusted PS Ratio is 1.55 as of Jul. 15, 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 SES (LUX:SESGL) Overvalued in 2026?

Based on GuruFocus' analysis, SES stock appears to be undervalued. The current stock price of €7.42 is trading 21.7% below its estimated GF Value™ of €9.48. GuruFocus considers SES to be Modestly Undervalued.

Key valuation signals for LUX:SESGL:

  • Cyclically Adjusted PS Ratio: 1.55 (near median its 10-year median of 1.51)
  • GF Value™: €9.48 vs. price of €7.42 (21.7% below fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 96.2% above the Media - Diversified median (#501 of 736)

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


SES Business Description

Address Chateau de Betzdorf, Betzdorf, Luxembourg, LUX, L-6815
SES SA is a communications satellite owner and operator and functions in the television broadcasting space. It operates in one operating segment, namely the provision of satellite-based data transmission capacity and ancillary services to customers around the world. The company's Network business operates a multi-orbit (MEO-GEO) constellation of satellites with the combination of global coverage, high performance, and a low-latency MEO system and partners with LEO. The company's Media business delivers quality viewing experiences to audiences world-wide.
77GF Score

Get the complete analysis for LUX:SESGL

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

€7.42
Price
€9.48
GF Value