QleanAir AB (OSTO:QAIR) Cyclically Adjusted PS Ratio: 0.57 (As of Aug. 15, 2026) — 28% Below Median

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OSTO:QAIR QleanAir AB OSTO:QAIR
77 GF Score
Price kr18.85
GF Value kr24.55
Valuation Modestly Undervalued
! 4 Warning Signs
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What is QleanAir AB Cyclically Adjusted PS Ratio?

QleanAir AB OSTO:QAIR +2.45% 77 Cyclically Adjusted PS Ratio is 0.57 as of Aug. 15, 2026, which is 28% below its 10-year median of 0.79. GuruFocus rates OSTO:QAIR with a GF Score™ of 77/100 and a GF Value™ of kr24.55 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,290 Industrial Products companies, QleanAir AB ranks better than 78.47% on this metric.

As of today (2026-08-15), QleanAir AB's current share price is kr18.85. QleanAir AB's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was kr33.03. QleanAir AB's Cyclically Adjusted PS Ratio for today is 0.57.

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

OSTO:QAIR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.79   Max: 0.82
Current: 0.58

During the past 10 years, QleanAir AB's highest Cyclically Adjusted PS Ratio was 0.82. The lowest was 0.58. And the median was 0.79.

OSTO:QAIR's Cyclically Adjusted PS Ratio is ranked better than
78.47% of 2290 companies
in the Industrial Products industry
Industry Median: 1.81 vs OSTO:QAIR: 0.58

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.

QleanAir AB's adjusted revenue per share data of for the fiscal year that ended in Dec25 was kr28.801. 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 kr33.03 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


QleanAir AB  (OSTO:QAIR) 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.


QleanAir AB Cyclically Adjusted PS Ratio Related Terms


QleanAir AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for QleanAir 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.

QleanAir AB Cyclically Adjusted PS Ratio Chart

QleanAir 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 0.60

QleanAir AB 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 0.00 0.00 0.00 0.60 0.00

OSTO:QAIR vs VLTO, ZWS, CECO: Cyclically Adjusted PS Ratio Comparison

For the Pollution & Treatment Controls subindustry, QleanAir 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.


QleanAir AB Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, QleanAir AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


OSTO:QAIR
77GF Score
QleanAir AB OSTO:QAIR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

QleanAir 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.

QleanAir AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.85/33.03
=0.57

* 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.

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

For example, QleanAir AB'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)
=28.801/133.3900*133.3900
=28.801

Current CPI (Dec25) = 133.3900.

QleanAir AB Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 21.460 102.022 28.058
201712 22.635 103.793 29.090
201812 30.152 105.912 37.975
201912 30.748 107.766 38.059
202012 32.889 108.296 40.510
202112 29.875 112.486 35.427
202212 29.883 126.365 31.544
202312 31.856 131.912 32.213
202412 28.522 132.987 28.608
202512 28.801 133.390 28.801

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 0.57 mean?
QleanAir AB (OSTO:QAIR) has a Cyclically Adjusted PS Ratio of 0.57 as of Aug. 15, 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 QleanAir AB and its competitors. This is 28% below median its historical median of 0.79. Over the past decade, QleanAir AB's Cyclically Adjusted PS Ratio has ranged from 0.58 to 0.82. According to the industry distribution chart, QleanAir AB ranks #493 out of 2290 companies in the Industrial Products industry, placing it in the top 21.5%.
Is QleanAir AB's Cyclically Adjusted PS Ratio too high?
QleanAir AB's current Cyclically Adjusted PS Ratio of 0.57 is 28% below median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 0.82. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.81. QleanAir AB's value of 0.57 is 68.5% below this industry median. Based on the distribution chart, QleanAir AB ranks #493 out of 2290 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, QleanAir AB has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does QleanAir AB's Cyclically Adjusted PS Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, QleanAir AB ranks #493 out of 2290 companies for Cyclically Adjusted PS Ratio. This places QleanAir AB in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.81. QleanAir AB's value of 0.57 is 68.5% below this benchmark. Historically, QleanAir AB's own Cyclically Adjusted PS Ratio has ranged from 0.58 to 0.82 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 1.81, QleanAir AB 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.81, based on 2,290 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. QleanAir AB's current Cyclically Adjusted PS Ratio of 0.57 is 68.5% 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 QleanAir AB and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. QleanAir AB's current Cyclically Adjusted PS Ratio is 0.57, which is 28% below median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QleanAir AB stock overvalued right now?
Based on GuruFocus' analysis, QleanAir AB (OSTO:QAIR) is currently considered Modestly Undervalued. The stock's GF Value™ is kr24.55, compared to a current price of kr18.85 — trading 23.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.57, which is 28% below median its 10-year median of 0.79 and 68.5% below the Industrial Products industry median of 1.81. QleanAir AB's overall GF Score™ is 77/100 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 QleanAir AB (OSTO:QAIR), the current Cyclically Adjusted PS Ratio is 0.57 as of Aug. 15, 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 QleanAir AB (OSTO:QAIR) Overvalued in 2026?

Based on GuruFocus' analysis, QleanAir AB stock appears to be undervalued. The current stock price of kr18.85 is trading 23.2% below its estimated GF Value™ of kr24.55. GuruFocus considers QleanAir AB to be Modestly Undervalued.

Key valuation signals for OSTO:QAIR:

  • Cyclically Adjusted PS Ratio: 0.57 (28% below median its 10-year median of 0.79)
  • GF Value™: kr24.55 vs. price of kr18.85 (23.2% below fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 68.5% below the Industrial Products median (#493 of 2290)

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


QleanAir AB Business Description

Other Exchanges 9ZJ:Germany
Address Torggatan 13, Box 1178, Solna, SWE, SE-171 23
QleanAir AB is a provider of clean indoor environment solutions. The company's business model is based on rental contracts for modular solutions with a full-service offer. Its solutions are developed using filter technology that traps, filters and recycles indoor air. The product portfolio consists of stand-alone air cleaners (Air Cleaners), solutions for protection against passive smoking (Cabin Solutions) and flexible, modular cleanrooms (Cleanrooms). The company's main markets are EMEA, APAC and the Americas.
77GF Score

Get the complete analysis for OSTO:QAIR

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

kr18.85
Price
kr24.55
GF Value