Multiconsult ASA (OSL:MULTI) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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OSL:MULTI Multiconsult ASA OSL:MULTI
89 GF Score
Price kr147.00
GF Value kr172.41
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Multiconsult ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Multiconsult ASA  (OSL:MULTI) 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.


Multiconsult ASA Cyclically Adjusted PS Ratio Related Terms


Multiconsult ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Multiconsult ASA'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.

Multiconsult ASA Cyclically Adjusted PS Ratio Chart

Multiconsult ASA 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 0.90 0.78 0.68 1.11 0.90

Multiconsult ASA 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 1.09 0.90 0.89 0.80 0.70

OSL:MULTI vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Multiconsult ASA'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.


Multiconsult ASA Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Multiconsult ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


OSL:MULTI
89GF Score
Multiconsult ASA OSL:MULTI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Multiconsult ASA 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.

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

For example, Multiconsult ASA'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)
=63.58/141.6200*141.6200
=63.580

Current CPI (Jun. 2026) = 141.6200.

Multiconsult ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 24.075 104.200 32.721
201612 29.957 104.400 40.637
201703 34.008 105.000 45.869
201706 32.028 105.800 42.872
201709 25.841 105.900 34.557
201712 35.857 106.100 47.861
201803 37.893 107.300 50.013
201806 38.118 108.500 49.754
201809 30.297 109.500 39.184
201812 38.617 109.800 49.808
201903 41.163 110.400 52.803
201906 38.646 110.600 49.485
201909 31.860 111.100 40.612
201912 39.262 111.300 49.958
202003 42.620 111.200 54.279
202006 40.862 112.100 51.622
202009 30.900 112.900 38.760
202012 41.073 112.900 51.521
202103 40.502 114.600 50.051
202106 41.006 115.300 50.367
202109 32.564 117.500 39.249
202112 44.159 118.900 52.597
202203 47.214 119.800 55.813
202206 44.082 122.600 50.921
202209 37.206 125.600 41.952
202212 49.250 125.900 55.399
202303 54.530 127.600 60.521
202306 48.643 130.400 52.828
202309 41.409 129.800 45.180
202312 59.306 131.900 63.676
202403 57.581 132.600 61.498
202406 60.753 133.800 64.304
202409 48.993 133.700 51.895
202412 63.049 134.800 66.239
202503 63.301 136.100 65.868
202506 60.242 137.800 61.912
202509 52.040 138.500 53.212
202512 66.104 139.140 67.282
202603 67.052 141.060 67.318
202606 63.580 141.620 63.580

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 Multiconsult ASA (OSL:MULTI) Overvalued in 2026?

Based on GuruFocus' analysis, Multiconsult ASA stock appears to be undervalued. The current stock price of kr147.00 is trading 14.7% below its estimated GF Value™ of kr172.41. GuruFocus considers Multiconsult ASA to be Modestly Undervalued.

Key valuation signals for OSL:MULTI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr172.41 vs. price of kr147.00 (14.7% below fair value)
  • GF Score™: 89/100 with 3 warning signs

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


Multiconsult ASA Business Description

Address Nedre Skoyen vei 2, Oslo, NOR, 0276
Multiconsult ASA is a specialist in engineering design, consultancy, and architecture services, providing multidisciplinary consultancy, design, planning, project supervision, project management, geotechnical site surveys, verification, and controls in Norway and abroad, with engineering services in Norway, Sweden, and Poland, and architecture services in Scandinavian countries. The group operates through three segments: Norway, which contributes maximum revenue and provides consulting engineering services; Architecture, comprising LINK Arkitektur and A-lab; and International, comprising Multiconsult Polska and Iterio. Its operations cover four business areas: Building & Properties, Mobility & Transportation, Energy & Industry, and Water & Environment.
89GF Score

Get the complete analysis for OSL:MULTI

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

kr147.00
Price
kr172.41
GF Value