Max's Group (PHS:MAXS) Cyclically Adjusted PS Ratio: (As of Aug. 25, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

PHS:MAXS Max's Group Inc PHS:MAXS
63 GF Score
Price ₱2.09
GF Value ₱2.92
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Max's Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Max's Group  (PHS:MAXS) 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.


Max's Group Cyclically Adjusted PS Ratio Related Terms


Max's Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Max's Group'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.

Max's Group Cyclically Adjusted PS Ratio Chart

Max's Group 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 0.47 0.32 0.20 0.16 0.14

Max's Group 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 0.15 0.14 0.14 0.13 0.00

PHS:MAXS vs MCD, SBUX, YUM: Cyclically Adjusted PS Ratio Comparison

For the Restaurants subindustry, Max's Group'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.


Max's Group Cyclically Adjusted PS Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Max's Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


PHS:MAXS
63GF Score
Max's Group Inc PHS:MAXS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Max's Group 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.

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

For example, Max's Group'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)
=4.135/333.9520*333.9520
=4.135

Current CPI (Jun. 2026) = 333.9520.

Max's Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.475 241.428 4.807
201612 4.295 241.432 5.941
201703 3.728 243.801 5.107
201706 4.058 244.955 5.532
201709 2.759 246.819 3.733
201712 4.637 246.524 6.281
201803 4.127 249.554 5.523
201806 4.564 251.989 6.049
201809 4.080 252.439 5.397
201812 4.783 251.233 6.358
201903 4.300 254.202 5.649
201906 4.703 256.143 6.132
201909 4.232 256.759 5.504
201912 5.096 256.974 6.623
202003 3.495 258.115 4.522
202006 1.356 257.797 1.757
202009 1.753 260.280 2.249
202012 2.537 260.474 3.253
202103 2.363 264.877 2.979
202106 2.276 271.696 2.798
202109 2.165 274.310 2.636
202112 2.972 278.802 3.560
202203 2.780 287.504 3.229
202206 3.650 296.311 4.114
202209 3.634 296.808 4.089
202212 4.122 296.797 4.638
202303 3.661 301.836 4.051
202306 3.916 305.109 4.286
202309 3.829 307.789 4.154
202312 4.133 306.746 4.500
202403 3.585 312.332 3.833
202406 3.935 314.175 4.183
202409 4.068 315.301 4.309
202412 4.302 315.605 4.552
202503 3.607 319.799 3.767
202506 3.917 322.561 4.055
202509 3.068 324.800 3.154
202512 4.332 324.054 4.464
202603 3.679 330.213 3.721
202606 4.135 333.952 4.135

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 Max's Group (PHS:MAXS) Overvalued in 2026?

Based on GuruFocus' analysis, Max's Group stock appears to be undervalued. The current stock price of ₱2.09 is trading 28.4% below its estimated GF Value™ of ₱2.92. GuruFocus considers Max's Group to be Modestly Undervalued.

Key valuation signals for PHS:MAXS:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₱2.92 vs. price of ₱2.09 (28.4% below fair value)
  • GF Score™: 63/100 with 4 warning signs

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


Max's Group Business Description

Address 2212 Chino Roces Avenue, 3rd Floor, KDC Plaza, Metro Manila, Makati, PHL, 1230
Max's Group Inc is engaged in the business of establishing, operating and maintaining restaurants, coffee shops, refreshments parlors, cocktail lounges and catering food. The company operates under the under the name and styles of Max's Restaurant, Pancake House, Maple, Dencio's, Singkit, Yellow Cab, Teriyaki Boy, Sizzlin' Steak, Max's Corner Bakery, Max's Group Kitchen, Max's All About Chicken, and All About Chicken. It offers a diverse cuisine covering American, Filipino, Japanese, Chinese, and French. The company has three business segments, namely: Food service, Commissary and Support services. It derives maximum revenue from the food services segment, which is involved in the operation and preparation of food products to be sold to company-owned and franchised stores.
63GF Score

Get the complete analysis for PHS:MAXS

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

₱2.09
Price
₱2.92
GF Value