Qualys (MIL:1QLYS) Cyclically Adjusted PS Ratio: 10.42 (As of Jul. 31, 2026) — 31% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

MIL:1QLYS Qualys Inc MIL:1QLYS
79 GF Score
Price €127.05
GF Value €151.86
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Qualys Cyclically Adjusted PS Ratio?

Qualys MIL:1QLYS 79 Cyclically Adjusted PS Ratio is 10.42 as of Jul. 31, 2026, which is 31% below its 10-year median of 15.09. GuruFocus rates MIL:1QLYS with a GF Score™ of 79/100 and a GF Value™ of €151.86 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,590 Software companies, Qualys ranks worse than 92.39% on this metric.

As of today (2026-07-31), Qualys's current share price is €127.05. Qualys's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €12.19. Qualys's Cyclically Adjusted PS Ratio for today is 10.42.

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

MIL:1QLYS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.03   Med: 15.09   Max: 22.97
Current: 11.21

During the past years, Qualys's highest Cyclically Adjusted PS Ratio was 22.97. The lowest was 6.03. And the median was 15.09.

MIL:1QLYS's Cyclically Adjusted PS Ratio is ranked worse than
92.39% of 1590 companies
in the Software industry
Industry Median: 1.63 vs MIL:1QLYS: 11.21

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.

Qualys's adjusted revenue per share data for the three months ended in Mar. 2026 was €4.258. 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 €12.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Qualys  (MIL:1QLYS) 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.


Qualys Cyclically Adjusted PS Ratio Related Terms


Qualys Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Qualys'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.

Qualys Cyclically Adjusted PS Ratio Chart

Qualys 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 19.85 14.37 21.46 13.29 11.00

Qualys 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 11.46 12.54 11.22 11.00 6.95

MIL:1QLYS vs ZETA, RELY, NTSK: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Qualys'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.


Qualys Cyclically Adjusted PS Ratio vs Software Industry

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

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


MIL:1QLYS
79GF Score
Qualys Inc MIL:1QLYS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qualys 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=127.05/12.19
=10.42

* 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.

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

For example, Qualys'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)
=4.258/330.2130*330.2130
=4.258

Current CPI (Mar. 2026) = 330.2130.

Qualys Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.131 241.018 1.550
201609 1.174 241.428 1.606
201612 1.274 241.432 1.742
201703 1.279 243.801 1.732
201706 1.245 244.955 1.678
201709 1.239 246.819 1.658
201712 1.282 246.524 1.717
201803 1.255 249.554 1.661
201806 1.382 251.989 1.811
201809 1.455 252.439 1.903
201812 1.581 251.233 2.078
201903 1.605 254.202 2.085
201906 1.682 256.143 2.168
201909 1.824 256.759 2.346
201912 1.868 256.974 2.400
202003 1.911 258.115 2.445
202006 1.928 257.797 2.470
202009 1.938 260.280 2.459
202012 1.927 260.474 2.443
202103 2.010 264.877 2.506
202106 2.065 271.696 2.510
202109 2.233 274.310 2.688
202112 2.427 278.802 2.875
202203 2.575 287.504 2.958
202206 2.858 296.311 3.185
202209 3.233 296.808 3.597
202212 3.211 296.797 3.573
202303 3.240 301.836 3.545
202306 3.383 305.109 3.661
202309 3.553 307.789 3.812
202312 3.502 306.746 3.770
202403 3.556 312.332 3.760
202406 3.688 314.175 3.876
202409 3.733 315.301 3.910
202412 4.099 315.605 4.289
202503 4.021 319.799 4.152
202506 3.895 322.561 3.987
202509 3.988 324.800 4.054
202512 4.133 324.054 4.212
202603 4.258 330.213 4.258

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 10.42 mean?
Qualys (MIL:1QLYS) has a Cyclically Adjusted PS Ratio of 10.42 as of Jul. 31, 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 Qualys and its competitors. This is 31% below median its historical median of 15.09. Over the past decade, Qualys' Cyclically Adjusted PS Ratio has ranged from 6.03 to 22.97. According to the industry distribution chart, Qualys ranks #1469 out of 1590 companies in the Software industry, placing it in the top 92.4%.
Is Qualys' Cyclically Adjusted PS Ratio too high?
Qualys' current Cyclically Adjusted PS Ratio of 10.42 is 31% below median its 10-year median of 15.09. Over the past 10 years, this metric has ranged from a low of 6.03 to a high of 22.97. The Software industry median Cyclically Adjusted PS Ratio is 1.63. Qualys' value of 10.42 is 539.3% above this industry median. Based on the distribution chart, Qualys ranks #1469 out of 1590 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Qualys has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qualys' Cyclically Adjusted PS Ratio compare to ZETA and RELY?
According to the Software industry distribution chart, Qualys ranks #1469 out of 1590 companies for Cyclically Adjusted PS Ratio. This places Qualys in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.63. Qualys' value of 10.42 is 539.3% above this benchmark. Historically, Qualys' own Cyclically Adjusted PS Ratio has ranged from 6.03 to 22.97 over the past decade. While the company's 10-year median is 15.09 vs. the industry median of 1.63, Qualys 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 1,590 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. Qualys's current Cyclically Adjusted PS Ratio of 10.42 is 539.3% 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 Qualys 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. Qualys's current Cyclically Adjusted PS Ratio is 10.42, which is 31% below median its own 10-year median of 15.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualys stock overvalued right now?
Based on GuruFocus' analysis, Qualys (MIL:1QLYS) is currently considered Modestly Undervalued. The stock's GF Value™ is €151.86, compared to a current price of €127.05 — trading 16.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.42, which is 31% below median its 10-year median of 15.09 and 539.3% above the Software industry median of 1.63. Qualys' overall GF Score™ is 79/100 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 Qualys (MIL:1QLYS), the current Cyclically Adjusted PS Ratio is 10.42 as of Jul. 31, 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 Qualys (MIL:1QLYS) Overvalued in 2026?

Based on GuruFocus' analysis, Qualys stock appears to be undervalued. The current stock price of €127.05 is trading 16.3% below its estimated GF Value™ of €151.86. GuruFocus considers Qualys to be Modestly Undervalued.

Key valuation signals for MIL:1QLYS:

  • Cyclically Adjusted PS Ratio: 10.42 (31% below median its 10-year median of 15.09)
  • GF Value™: €151.86 vs. price of €127.05 (16.3% below fair value)
  • GF Score™: 79/100 with 1 warning sign
  • Industry Position: 539.3% above the Software median (#1469 of 1590)

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


Qualys Business Description

Other Exchanges QLYS:USA3L7A:Germany
Address 919 E Hillsdale Boulevard, 4th Floor, Foster City, CA, USA, 94404
Qualys is a cloud security and compliance solutions provider that helps businesses identify and manage their security risks and compliance requirements. The California-based company has more than 10,000 customers worldwide, the majority of which are small- and medium-size businesses. Qualys was founded in 1999 and went public in 2012.
79GF Score

Get the complete analysis for MIL:1QLYS

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

€127.05
Price
€151.86
GF Value