Orange (MIL:1ORA) Cyclically Adjusted PS Ratio: 0.92 (As of Sep. 16, 2026) — 64% Above Median

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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.

MIL:1ORA Orange SA MIL:1ORA
73 GF Score
Price €15.79
GF Value €14.72
Valuation Fairly Valued
! 1 Warning Sign
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What is Orange Cyclically Adjusted PS Ratio?

Orange MIL:1ORA +0.35% 73 Cyclically Adjusted PS Ratio is 0.92 as of Sep. 16, 2026, which is 64% above its 10-year median of 0.56. GuruFocus rates MIL:1ORA with a GF Score™ of 73/100 and a GF Value™ of €14.72 (Fairly Valued). The stock has 1 warning sign investors should review. Among 309 Telecommunication Services companies, Orange ranks better than 55.99% on this metric.

As of today (2026-09-16), Orange's current share price is €15.785. Orange's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €17.19. Orange's Cyclically Adjusted PS Ratio for today is 0.92.

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

MIL:1ORA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.56   Max: 1.19
Current: 0.99

During the past 13 years, Orange's highest Cyclically Adjusted PS Ratio was 1.19. The lowest was 0.45. And the median was 0.56.

MIL:1ORA's Cyclically Adjusted PS Ratio is ranked better than
55.99% of 309 companies
in the Telecommunication Services industry
Industry Median: 1.18 vs MIL:1ORA: 0.99

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.

Orange's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €15.197. 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 €17.19 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Orange  (MIL:1ORA) 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.


Orange Cyclically Adjusted PS Ratio Related Terms


Orange Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Orange'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.

Orange Cyclically Adjusted PS Ratio Chart

Orange 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 0.57 0.55 0.59 0.55 0.83

Orange Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.54 0.56 0.75 0.84 0.96

MIL:1ORA vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Orange'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.


Orange Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Orange's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIL:1ORA
73GF Score
Orange SA MIL:1ORA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Orange 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.785/17.193
=0.92

* 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.

Orange's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Orange's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=15.197/120.8900*120.8900
=15.197

Current CPI (Dec25) = 120.8900.

Orange Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 15.417 100.650 18.517
201712 15.364 101.850 18.236
201812 15.568 103.470 18.189
201912 15.714 104.980 18.095
202012 15.750 104.960 18.140
202112 15.999 107.850 17.933
202212 16.179 114.160 17.133
202312 14.914 118.390 15.229
202412 15.136 119.950 15.255
202512 15.197 120.890 15.197

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 0.92 mean?
Orange (MIL:1ORA) has a Cyclically Adjusted PS Ratio of 0.92 as of Sep. 16, 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 Orange and its competitors. This is 64% above median its historical median of 0.56. Over the past decade, Orange's Cyclically Adjusted PS Ratio has ranged from 0.45 to 1.19. According to the industry distribution chart, Orange ranks #136 out of 309 companies in the Telecommunication Services industry, placing it in the top 44%.
Is Orange's Cyclically Adjusted PS Ratio too high?
Orange's current Cyclically Adjusted PS Ratio of 0.92 is 64% above median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.19. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.18. Orange's value of 0.92 is 22% below this industry median. Based on the distribution chart, Orange ranks #136 out of 309 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Orange has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Orange's Cyclically Adjusted PS Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Orange ranks #136 out of 309 companies for Cyclically Adjusted PS Ratio. This puts Orange in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.18. Orange's value of 0.92 is 22% below this benchmark. Historically, Orange's own Cyclically Adjusted PS Ratio has ranged from 0.45 to 1.19 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 1.18, Orange 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.18, based on 309 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. Orange's current Cyclically Adjusted PS Ratio of 0.92 is 22% 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 Orange and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orange's current Cyclically Adjusted PS Ratio is 0.92, which is 64% above median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orange stock overvalued right now?
Based on GuruFocus' analysis, Orange (MIL:1ORA) is currently considered Fairly Valued. The stock's GF Value™ is €14.72, compared to a current price of €15.79 — trading 7.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.92, which is 64% above median its 10-year median of 0.56 and 22% below the Telecommunication Services industry median of 1.18. Orange's overall GF Score™ is 73/100 with 1 warning sign 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 Orange (MIL:1ORA), the current Cyclically Adjusted PS Ratio is 0.92 as of Sep. 16, 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 Orange (MIL:1ORA) Overvalued in 2026?

Based on GuruFocus' analysis, Orange stock appears to be overvalued. The current stock price of €15.79 is trading 7.2% above its estimated GF Value™ of €14.72. GuruFocus considers Orange to be Fairly Valued.

Key valuation signals for MIL:1ORA:

  • Cyclically Adjusted PS Ratio: 0.92 (64% above median its 10-year median of 0.56)
  • GF Value™: €14.72 vs. price of €15.79 (7.2% above fair value)
  • GF Score™: 73/100 with 1 warning sign
  • Industry Position: 22% below the Telecommunication Services median (#136 of 309)

No single metric tells the full story. See the MIL:1ORA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Orange Business Description

Address 111, quai du president Roosevelt, Issy-les-Moulineaux, Paris, FRA, 92130
Orange operates fixed-line and wireless businesses in France, where it is the market leader ahead of Iliad, Bouygues, and SFR, thanks to its incumbent position. It also has telecom businesses in Spain (through MasOrange), Poland, Belgium, Luxembourg, and Central Europe (Romania, Slovakia, and Moldova). Around 20% of revenue comes from emerging African markets, where it mainly operates wireless networks, and 20% comes from the enterprise segment, which serves companies with more than 50 employees in France and internationally.
73GF Score

Get the complete analysis for MIL:1ORA

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

€15.79
Price
€14.72
GF Value