Frontwalker AB (NGM:FRWA B) Cyclically Adjusted PS Ratio: (As of Aug. 27, 2026)

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.

NGM:FRWA B Frontwalker AB NGM:FRWA B
24 GF Score
Price kr0.51
GF Value kr0.10
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Frontwalker AB Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Frontwalker AB  (NGM:FRWA 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.


Frontwalker AB Cyclically Adjusted PS Ratio Related Terms


Frontwalker AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Frontwalker AB'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.

Frontwalker AB Cyclically Adjusted PS Ratio Chart

Frontwalker AB 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 0.00 0.39

Frontwalker AB 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 0.00 0.24 0.39 0.50 0.00

NGM:FRWA B vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Frontwalker AB'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.


Frontwalker AB Cyclically Adjusted PS Ratio vs Software Industry

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

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


NGM:FRWA B
24GF Score
Frontwalker AB NGM:FRWA B
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Frontwalker AB 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.

Frontwalker AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Frontwalker AB'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)
=0.049/134.6100*134.6100
=0.049

Current CPI (Jun. 2026) = 134.6100.

Frontwalker AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.090 101.138 0.120
201612 0.276 102.022 0.364
201703 0.231 102.022 0.305
201706 0.254 102.752 0.333
201709 0.227 103.279 0.296
201712 0.290 103.793 0.376
201803 0.245 103.962 0.317
201806 0.216 104.875 0.277
201809 0.280 105.679 0.357
201812 0.118 105.912 0.150
201903 0.270 105.886 0.343
201906 0.119 106.742 0.150
201909 0.131 107.214 0.164
201912 0.103 107.766 0.129
202003 0.071 106.563 0.090
202006 0.035 107.498 0.044
202009 0.045 107.635 0.056
202012 0.159 108.296 0.198
202103 0.886 108.360 1.101
202106 0.942 108.928 1.164
202109 0.781 110.338 0.953
202112 0.831 112.486 0.994
202203 1.022 114.825 1.198
202206 0.699 118.384 0.795
202209 0.223 122.296 0.245
202212 0.247 126.365 0.263
202303 0.248 127.042 0.263
202306 0.201 129.407 0.209
202309 0.155 130.224 0.160
202312 0.181 131.912 0.185
202403 0.146 132.205 0.149
202406 0.104 132.716 0.105
202409 0.068 132.304 0.069
202412 0.090 132.987 0.091
202503 0.081 132.825 0.082
202506 0.072 133.699 0.072
202509 0.046 133.480 0.046
202512 0.050 133.390 0.050
202603 0.042 133.560 0.042
202606 0.049 134.610 0.049

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 Frontwalker AB (NGM:FRWA B) Overvalued in 2026?

Based on GuruFocus' analysis, Frontwalker AB stock appears to be overvalued. The current stock price of kr0.51 is trading 410% above its estimated GF Value™ of kr0.10. GuruFocus considers Frontwalker AB to be Significantly Overvalued.

Key valuation signals for NGM:FRWA B:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr0.10 vs. price of kr0.51 (410% above fair value)
  • GF Score™: 24/100 with 5 warning signs

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


Frontwalker AB Business Description

Address Industrigatan 17, Harnosand, SWE, 856 53
Frontwalker AB offers commitments regarding developing and managing large customer-specific IT systems and enhancing resources and competence throughout all phases of the system development process.
24GF Score

Get the complete analysis for NGM:FRWA B

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

kr0.51
Price
kr0.10
GF Value