SES (MEX:SESG N) Cyclically Adjusted PS Ratio: (As of Aug. 28, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:SESG N SES SA MEX:SESG N
55 GF Score
Price MXN83.07
GF Value MXN143.42
! 6 Warning Signs
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What is SES Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


SES  (MEX:SESG N) 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
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 1.26 1.38 1.21 1.33 1.47

MEX:SESG N 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.


MEX:SESG N
55GF Score
SES SA MEX:SESG N
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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, SES'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)
=36.621/128.6000*128.6000
=36.621

Current CPI (Jun. 2026) = 128.6000.

SES Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 25.151 100.750 32.103
201612 27.351 101.040 34.811
201703 22.044 101.780 27.853
201706 24.824 102.170 31.246
201709 22.493 102.520 28.215
201712 15.936 102.410 20.011
201803 20.701 102.900 25.871
201806 18.696 103.650 23.196
201809 26.052 104.580 32.036
201812 16.360 104.320 20.168
201903 18.967 105.140 23.199
201906 17.753 105.550 21.630
201909 23.181 105.900 28.150
201912 16.321 106.080 19.786
202003 21.901 106.040 26.560
202006 21.167 106.340 25.598
202009 26.501 106.620 31.964
202012 24.753 106.670 29.842
202103 19.990 108.140 23.772
202106 17.299 108.680 20.470
202109 24.337 109.470 28.590
202112 15.983 111.090 18.502
202203 19.169 114.780 21.477
202206 16.514 116.750 18.190
202209 21.695 117.000 23.846
202212 16.167 117.060 17.761
202303 17.193 118.910 18.594
202306 16.603 120.460 17.725
202309 21.461 121.740 22.670
202312 25.096 121.170 26.635
202403 19.690 122.590 20.655
202406 22.922 123.120 23.942
202409 16.058 123.300 16.748
202412 27.806 122.430 29.207
202503 23.291 124.210 24.114
202506 28.997 125.820 29.638
202509 45.156 126.570 45.880
202512 44.849 126.180 45.709
202603 42.605 127.160 43.087
202606 36.621 128.600 36.621

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 SES (MEX:SESG N) Overvalued in 2026?

Based on GuruFocus' analysis, SES stock appears to be undervalued. The current stock price of MXN83.07 is trading 42.1% below its estimated GF Value™ of MXN143.42.

Key valuation signals for MEX:SESG N:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN143.42 vs. price of MXN83.07 (42.1% below fair value)
  • GF Score™: 55/100 with 6 warning signs

No single metric tells the full story. See the MEX:SESG N 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.
55GF Score

Get the complete analysis for MEX:SESG N

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

MXN83.07
Price
MXN143.42
GF Value