F5 (MEX:FFIV) Cyclically Adjusted PS Ratio: 9.46 (As of Jul. 19, 2026) — 61% Above Median

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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
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.

MEX:FFIV F5 Inc MEX:FFIV
71 GF Score
Price MXN7,448.19
GF Value MXN4,168.99
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is F5 Cyclically Adjusted PS Ratio?

F5 MEX:FFIV 71 Cyclically Adjusted PS Ratio is 9.46 as of Jul. 19, 2026, which is 61% above its 10-year median of 5.87. GuruFocus rates MEX:FFIV with a GF Score™ of 71/100 and a GF Value™ of MXN4,168.99 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,592 Software companies, F5 ranks worse than 88.94% on this metric.

As of today (2026-07-19), F5's current share price is MXN7448.19. F5's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN787.60. F5's Cyclically Adjusted PS Ratio for today is 9.46.

The historical rank and industry rank for F5's Cyclically Adjusted PS Ratio or its related term are showing as below:

MEX:FFIV' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.33   Med: 5.87   Max: 8.95
Current: 8.28

During the past years, F5's highest Cyclically Adjusted PS Ratio was 8.95. The lowest was 3.33. And the median was 5.87.

MEX:FFIV's Cyclically Adjusted PS Ratio is ranked worse than
88.94% of 1592 companies
in the Software industry
Industry Median: 1.63 vs MEX:FFIV: 8.28

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.

F5's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN255.456. 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 MXN787.60 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


F5  (MEX:FFIV) 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.


F5 Cyclically Adjusted PS Ratio Related Terms


F5 Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for F5'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.

F5 Cyclically Adjusted PS Ratio Chart

F5 Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.99 3.79 3.85 4.93 6.78

F5 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 5.77 6.27 6.78 5.31 5.86

MEX:FFIV vs CPAY, OKTA, ZS: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, F5'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.


F5 Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, F5's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where F5's Cyclically Adjusted PS Ratio falls into.


MEX:FFIV
71GF Score
F5 Inc MEX:FFIV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

F5 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.

F5's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7448.19/787.60
=9.46

* 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.

F5's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, F5'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)
=255.456/330.2130*330.2130
=255.456

Current CPI (Mar. 2026) = 330.2130.

F5 Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 136.572 241.018 187.114
201609 152.409 241.428 208.457
201612 162.046 241.432 221.635
201703 150.060 243.801 203.247
201706 145.436 244.955 196.056
201709 153.150 246.819 204.896
201712 164.272 246.524 220.038
201803 156.123 249.554 206.584
201806 172.862 251.989 226.523
201809 171.397 252.439 224.203
201812 176.056 251.233 231.403
201903 176.079 254.202 228.730
201906 179.782 256.143 231.770
201909 191.992 256.759 246.917
201912 176.553 256.974 226.872
202003 223.966 258.115 286.525
202006 219.208 257.797 280.784
202009 219.183 260.280 278.074
202012 199.494 260.474 252.906
202103 212.206 264.877 264.550
202106 211.391 271.696 256.920
202109 226.050 274.310 272.118
202112 227.775 278.802 269.777
202203 205.652 287.504 236.202
202206 224.435 296.311 250.113
202209 233.313 296.808 259.572
202212 226.118 296.797 251.576
202303 208.840 301.836 228.474
202306 199.722 305.109 216.155
202309 206.308 307.789 221.339
202312 197.078 306.746 212.155
202403 189.794 312.332 200.660
202406 215.422 314.175 226.419
202409 248.967 315.301 260.742
202412 270.677 315.605 283.205
202503 254.534 319.799 262.823
202506 251.209 322.561 257.168
202509 254.386 324.800 258.626
202512 254.609 324.054 259.448
202603 255.456 330.213 255.456

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 9.46 mean?
F5 (MEX:FFIV) has a Cyclically Adjusted PS Ratio of 9.46 as of Jul. 19, 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 F5 and its competitors. This is 61% above median its historical median of 5.87. Over the past decade, F5's Cyclically Adjusted PS Ratio has ranged from 3.33 to 8.95. According to the industry distribution chart, F5 ranks #1416 out of 1592 companies in the Software industry, placing it in the top 88.9%.
Is F5's Cyclically Adjusted PS Ratio too high?
F5's current Cyclically Adjusted PS Ratio of 9.46 is 61% above median its 10-year median of 5.87. Over the past 10 years, this metric has ranged from a low of 3.33 to a high of 8.95. The Software industry median Cyclically Adjusted PS Ratio is 1.63. F5's value of 9.46 is 480.4% above this industry median. Based on the distribution chart, F5 ranks #1416 out of 1592 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, F5 has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does F5's Cyclically Adjusted PS Ratio compare to CPAY and OKTA?
According to the Software industry distribution chart, F5 ranks #1416 out of 1592 companies for Cyclically Adjusted PS Ratio. This places F5 in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.63. F5's value of 9.46 is 480.4% above this benchmark. Historically, F5's own Cyclically Adjusted PS Ratio has ranged from 3.33 to 8.95 over the past decade. While the company's 10-year median is 5.87 vs. the industry median of 1.63, F5 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 1.63, based on 1,592 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. F5's current Cyclically Adjusted PS Ratio of 9.46 is 480.4% 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 F5 and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. F5's current Cyclically Adjusted PS Ratio is 9.46, which is 61% above median its own 10-year median of 5.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is F5 stock overvalued right now?
Based on GuruFocus' analysis, F5 (MEX:FFIV) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN4,168.99, compared to a current price of MXN7,448.19 — trading 78.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.46, which is 61% above median its 10-year median of 5.87 and 480.4% above the Software industry median of 1.63. F5's overall GF Score™ is 71/100 with 5 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 F5 (MEX:FFIV), the current Cyclically Adjusted PS Ratio is 9.46 as of Jul. 19, 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 F5 (MEX:FFIV) Overvalued in 2026?

Based on GuruFocus' analysis, F5 stock appears to be overvalued. The current stock price of MXN7,448.19 is trading 78.7% above its estimated GF Value™ of MXN4,168.99. GuruFocus considers F5 to be Significantly Overvalued.

Key valuation signals for MEX:FFIV:

  • Cyclically Adjusted PS Ratio: 9.46 (61% above median its 10-year median of 5.87)
  • GF Value™: MXN4,168.99 vs. price of MXN7,448.19 (78.7% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 480.4% above the Software median (#1416 of 1592)

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


F5 Business Description

Address 801 5th Avenue, Seattle, WA, USA, 98104
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, and went public in 1999.
71GF Score

Get the complete analysis for MEX:FFIV

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

MXN7,448.19
Price
MXN4,168.99
GF Value