Front Ventures (NGM:FRNT B) Cyclically Adjusted PS Ratio: 0.56 (As of Aug. 25, 2026) — 40% Above Median

Author: Vera Yuan Vera Yuan
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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.
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.

NGM:FRNT B Front Ventures NGM:FRNT B
47 GF Score
Price kr13.30
GF Value kr2.49
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Front Ventures Cyclically Adjusted PS Ratio?

Front Ventures NGM:FRNT B +6.40% 47 Cyclically Adjusted PS Ratio is 0.56 as of Aug. 25, 2026, which is 40% above its 10-year median of 0.40. GuruFocus rates NGM:FRNT B with a GF Score™ of 47/100 and a GF Value™ of kr2.49 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 417 Credit Services companies, Front Ventures ranks better than 90.41% on this metric.

As of today (2026-08-25), Front Ventures's current share price is kr13.30. Front Ventures's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was kr23.91. Front Ventures's Cyclically Adjusted PS Ratio for today is 0.56.

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

NGM:FRNT B' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.4   Max: 1.09
Current: 0.52

During the past 11 years, Front Ventures's highest Cyclically Adjusted PS Ratio was 1.09. The lowest was 0.13. And the median was 0.40.

NGM:FRNT B's Cyclically Adjusted PS Ratio is ranked better than
90.41% of 417 companies
in the Credit Services industry
Industry Median: 2.93 vs NGM:FRNT B: 0.52

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.

Front Ventures's adjusted revenue per share data of for the fiscal year that ended in Dec25 was kr0.755. 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 kr23.91 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Front Ventures  (NGM:FRNT B) 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.


Front Ventures Cyclically Adjusted PS Ratio Related Terms


Front Ventures Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Front Ventures'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.

Front Ventures Cyclically Adjusted PS Ratio Chart

Front Ventures 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 0.00 0.00 0.00 0.16 0.61

Front Ventures Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.16 0.00 0.61

NGM:FRNT B vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Front Ventures'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.


Front Ventures Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Front Ventures's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NGM:FRNT B
47GF Score
Front Ventures NGM:FRNT B
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Front Ventures 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.

Front Ventures's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.30/23.91
=0.56

* 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.

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

For example, Front Ventures'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)
=0.755/133.3900*133.3900
=0.755

Current CPI (Dec25) = 133.3900.

Front Ventures Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 43.397 102.022 56.740
201712 64.211 103.793 82.521
201812 1.063 105.912 1.339
201912 17.281 107.766 21.390
202012 20.682 108.296 25.474
202112 30.714 112.486 36.422
202212 9.310 126.365 9.828
202312 4.300 131.912 4.348
202412 0.324 132.987 0.325
202512 0.755 133.390 0.755

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 0.56 mean?
Front Ventures (NGM:FRNT B) has a Cyclically Adjusted PS Ratio of 0.56 as of Aug. 25, 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 Front Ventures and its competitors. This is 40% above median its historical median of 0.40. Over the past decade, Front Ventures' Cyclically Adjusted PS Ratio has ranged from 0.13 to 1.09. According to the industry distribution chart, Front Ventures ranks #40 out of 417 companies in the Credit Services industry, placing it in the top 9.6%.
Is Front Ventures' Cyclically Adjusted PS Ratio too high?
Front Ventures' current Cyclically Adjusted PS Ratio of 0.56 is 40% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.09. The Credit Services industry median Cyclically Adjusted PS Ratio is 2.93. Front Ventures' value of 0.56 is 80.9% below this industry median. Based on the distribution chart, Front Ventures ranks #40 out of 417 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Front Ventures has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Front Ventures' Cyclically Adjusted PS Ratio compare to V and MA?
According to the Credit Services industry distribution chart, Front Ventures ranks #40 out of 417 companies for Cyclically Adjusted PS Ratio. This places Front Ventures in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 2.93. Front Ventures' value of 0.56 is 80.9% below this benchmark. Historically, Front Ventures' own Cyclically Adjusted PS Ratio has ranged from 0.13 to 1.09 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 2.93, Front Ventures 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 Credit Services company?
The median Cyclically Adjusted PS Ratio among Credit Services companies is 2.93, based on 417 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. Front Ventures's current Cyclically Adjusted PS Ratio of 0.56 is 80.9% 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 Front Ventures and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Front Ventures's current Cyclically Adjusted PS Ratio is 0.56, which is 40% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Front Ventures stock overvalued right now?
Based on GuruFocus' analysis, Front Ventures (NGM:FRNT B) is currently considered Significantly Overvalued. The stock's GF Value™ is kr2.49, compared to a current price of kr13.30 — trading 434.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.56, which is 40% above median its 10-year median of 0.40 and 80.9% below the Credit Services industry median of 2.93. Front Ventures' overall GF Score™ is 47/100 with 4 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 Front Ventures (NGM:FRNT B), the current Cyclically Adjusted PS Ratio is 0.56 as of Aug. 25, 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 Front Ventures (NGM:FRNT B) Overvalued in 2026?

Based on GuruFocus' analysis, Front Ventures stock appears to be overvalued. The current stock price of kr13.30 is trading 434.1% above its estimated GF Value™ of kr2.49. GuruFocus considers Front Ventures to be Significantly Overvalued.

Key valuation signals for NGM:FRNT B:

  • Cyclically Adjusted PS Ratio: 0.56 (40% above median its 10-year median of 0.40)
  • GF Value™: kr2.49 vs. price of kr13.30 (434.1% above fair value)
  • GF Score™: 47/100 with 4 warning signs
  • Industry Position: 80.9% below the Credit Services median (#40 of 417)

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


Front Ventures Business Description

Address Sibyllegatan 9, Stockholm, SWE, 114 42
Front Ventures is an investment company that focuses on the fintech sector. The firm focuses on acquiring and growing smaller public and unlisted companies, including those that may be undergoing a turnaround or need growth capital.
47GF Score

Get the complete analysis for NGM:FRNT B

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

kr13.30
Price
kr2.49
GF Value