Flex LNG (OSTO:FLNGO) Cyclically Adjusted PS Ratio: (As of Sep. 13, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

OSTO:FLNGO Flex LNG Ltd OSTO:FLNGO
63 GF Score
Price kr244.50
GF Value kr201.08
! 8 Warning Signs
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What is Flex LNG Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Flex LNG  (OSTO:FLNGo) 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.


Flex LNG Cyclically Adjusted PS Ratio Related Terms


Flex LNG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Flex LNG'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.

Flex LNG Cyclically Adjusted PS Ratio Chart

Flex LNG 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 7.76 8.65 6.71 4.85 4.96

Flex LNG 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 4.46 5.04 4.96 5.77 5.31

OSTO:FLNGO vs GLP, PBT, GEL: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Midstream subindustry, Flex LNG'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.


Flex LNG Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Flex LNG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


OSTO:FLNGO
63GF Score
Flex LNG Ltd OSTO:FLNGO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flex LNG 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.

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

For example, Flex LNG'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)
=18.921/333.9520*333.9520
=18.921

Current CPI (Jun. 2026) = 333.9520.

Flex LNG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.470 243.801 0.644
201706 2.036 244.955 2.776
201709 2.079 246.819 2.813
201712 1.777 246.524 2.407
201803 3.289 249.554 4.401
201806 1.553 251.989 2.058
201809 4.259 252.439 5.634
201812 5.993 251.233 7.966
201903 3.045 254.202 4.000
201906 3.035 256.143 3.957
201909 4.949 256.759 6.437
201912 8.648 256.974 11.239
202003 7.228 258.115 9.352
202006 4.537 257.797 5.877
202009 5.593 260.280 7.176
202012 10.813 260.474 13.863
202103 12.845 264.877 16.195
202106 10.374 271.696 12.751
202109 13.299 274.310 16.191
202112 19.306 278.802 23.125
202203 12.348 287.504 14.343
202206 15.349 296.311 17.299
202209 17.565 296.808 19.763
202212 18.042 296.797 20.301
202303 18.062 301.836 19.984
202306 17.358 305.109 18.999
202309 18.800 307.789 20.398
202312 18.978 306.746 20.661
202403 17.738 312.332 18.966
202406 16.640 314.175 17.687
202409 17.787 315.301 18.839
202412 18.908 315.605 20.007
202503 17.458 319.799 18.231
202506 15.977 322.561 16.541
202509 15.748 324.800 16.192
202512 16.357 324.054 16.857
202603 14.367 330.213 14.530
202606 18.921 333.952 18.921

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 Flex LNG (OSTO:FLNGO) Overvalued in 2026?

Based on GuruFocus' analysis, Flex LNG stock appears to be overvalued. The current stock price of kr244.50 is trading 21.6% above its estimated GF Value™ of kr201.08.

Key valuation signals for OSTO:FLNGO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr201.08 vs. price of kr244.50 (21.6% above fair value)
  • GF Score™: 63/100 with 8 warning signs

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


Flex LNG Business Description

Industry EnergyOil & Gas
Other Exchanges FLNG:USA0QQA:Germany
Address 14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The company's fleet consists of several LNG carriers on the water, and all of its vessels are of the latest generation equipped with two-stroke propulsion. Its fleet consists of M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers and Generation X Dual Fuel (X-DF) LNG carriers, offering improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. The company has one reportable segment: vessel operations, which generates revenue from the chartering of vessels to customers.
63GF Score

Get the complete analysis for OSTO:FLNGO

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

kr244.50
Price
kr201.08
GF Value