PNPFF (Pinetree Capital) Cyclically Adjusted PS Ratio: (As of Jul. 19, 2026)

Author: Vera Yuan Vera Yuan
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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.

PNPFF Pinetree Capital Ltd PNPFF
47 GF Score
Price $6.88
GF Value $0.20
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Pinetree Capital Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pinetree Capital  (OTCPK:PNPFF) 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.


Pinetree Capital Cyclically Adjusted PS Ratio Related Terms


Pinetree Capital Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pinetree Capital'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.

Pinetree Capital Cyclically Adjusted PS Ratio Chart

Pinetree Capital 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 0.00

Pinetree Capital 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 0.00 0.00

PNPFF vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Pinetree Capital'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.


Pinetree Capital Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Pinetree Capital's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


PNPFF
47GF Score
Pinetree Capital Ltd PNPFF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pinetree Capital 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.

Pinetree Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pinetree Capital's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.031/132.2623*132.2623
=-0.031

Current CPI (Mar. 2026) = 132.2623.

Pinetree Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 -3.707 102.002 -4.807
201609 -0.186 101.765 -0.242
201612 -0.163 101.449 -0.213
201703 -0.078 102.634 -0.101
201706 -0.172 103.029 -0.221
201709 0.039 103.345 0.050
201712 -0.058 103.345 -0.074
201803 0.074 105.004 0.093
201806 0.057 105.557 0.071
201809 -0.379 105.636 -0.475
201812 -0.042 105.399 -0.053
201903 0.189 106.979 0.234
201906 0.055 107.690 0.068
201909 0.004 107.611 0.005
201912 0.117 107.769 0.144
202003 -0.327 107.927 -0.401
202006 0.000 108.401 0.000
202009 0.101 108.164 0.124
202012 0.434 108.559 0.529
202103 0.386 110.298 0.463
202106 0.058 111.720 0.069
202109 -0.049 112.905 -0.057
202112 0.011 113.774 0.013
202203 -0.206 117.646 -0.232
202206 0.172 120.806 0.188
202209 -0.069 120.648 -0.076
202212 0.262 120.964 0.286
202303 -0.023 122.702 -0.025
202306 0.266 124.203 0.283
202309 -0.041 125.230 -0.043
202312 0.327 125.072 0.346
202403 0.888 126.258 0.930
202406 -0.063 127.522 -0.065
202409 0.393 127.285 0.408
202412 1.331 127.364 1.382
202503 0.599 129.181 0.613
202506 -0.072 129.892 -0.073
202509 0.184 130.287 0.187
202512 -0.051 130.366 -0.052
202603 -0.031 132.262 -0.031

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 Pinetree Capital (PNPFF) Overvalued in 2026?

Based on GuruFocus' analysis, Pinetree Capital stock appears to be overvalued. The current stock price of $6.88 is trading 3338% above its estimated GF Value™ of $0.20. GuruFocus considers Pinetree Capital to be Significantly Overvalued.

Key valuation signals for PNPFF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $0.20 vs. price of $6.88 (3338% above fair value)
  • GF Score™: 47/100 with 3 warning signs

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


Pinetree Capital Business Description

Other Exchanges PI1:GermanyPNP:Canada
Address 49 Leuty Avenue, Toronto, ON, CAN, M4E 2R2
Pinetree Capital Ltd is a value-oriented investment company focused on enterprise software and technology. The Company operates mainly in Canada.
47GF Score

Get the complete analysis for PNPFF

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

$6.88
Price
$0.20
GF Value