QUAD (Quad/Graphics) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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.

QUAD Quad/Graphics Inc QUAD
52 GF Score
Price $9.43
GF Value $4.95
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Quad/Graphics Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Quad/Graphics  (NYSE:QUAD) 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.


Quad/Graphics Cyclically Adjusted PS Ratio Related Terms


Quad/Graphics Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Quad/Graphics'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.

Quad/Graphics Cyclically Adjusted PS Ratio Chart

Quad/Graphics 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 0.04 0.04 0.06 0.08 0.08

Quad/Graphics 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 0.07 0.08 0.08 0.08 0.11

QUAD vs SPIR, BUUU, CASS: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, Quad/Graphics'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.


Quad/Graphics Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Quad/Graphics's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Quad/Graphics's Cyclically Adjusted PS Ratio falls into.


QUAD
52GF Score
Quad/Graphics Inc QUAD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Quad/Graphics 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.

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

For example, Quad/Graphics'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)
=11.55/333.9520*333.9520
=11.550

Current CPI (Jun. 2026) = 333.9520.

Quad/Graphics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 20.877 241.428 28.878
201612 23.359 241.432 32.310
201703 19.390 243.801 26.560
201706 18.631 244.955 25.400
201709 19.522 246.819 26.414
201712 22.388 246.524 30.328
201803 19.311 249.554 25.842
201806 19.343 251.989 25.635
201809 19.051 252.439 25.203
201812 22.771 251.233 30.268
201903 19.375 254.202 25.453
201906 20.034 256.143 26.120
201909 18.834 256.759 24.496
201912 20.978 256.974 27.262
202003 16.287 258.115 21.072
202006 11.529 257.797 14.935
202009 13.294 260.280 17.057
202012 16.633 260.474 21.325
202103 13.367 264.877 16.853
202106 13.217 271.696 16.246
202109 13.298 274.310 16.189
202112 16.659 278.802 19.954
202203 14.450 287.504 16.784
202206 14.006 296.311 15.785
202209 16.083 296.808 18.096
202212 18.029 296.797 20.286
202303 15.579 301.836 17.237
202306 14.262 305.109 15.610
202309 14.588 307.789 15.828
202312 16.693 306.746 18.174
202403 13.873 312.332 14.833
202406 13.296 314.175 14.133
202409 14.117 315.301 14.952
202412 13.836 315.605 14.640
202503 12.414 319.799 12.963
202506 12.015 322.561 12.439
202509 11.831 324.800 12.164
202512 12.637 324.054 13.023
202603 11.714 330.213 11.847
202606 11.550 333.952 11.550

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 Quad/Graphics (QUAD) Overvalued in 2026?

Based on GuruFocus' analysis, Quad/Graphics stock appears to be overvalued. The current stock price of $9.43 is trading 90.5% above its estimated GF Value™ of $4.95. GuruFocus considers Quad/Graphics to be Significantly Overvalued.

Key valuation signals for QUAD:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $4.95 vs. price of $9.43 (90.5% above fair value)
  • GF Score™: 52/100 with 6 warning signs

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


Quad/Graphics Business Description

Other Exchanges QGU:Germany
Address N61 W23044 Harry\'s Way, Sussex, WI, USA, 53089-3995
Quad/Graphics Inc provides print and marketing services to help customers market their products, services, and contents. The company operates in the commercial segment of the printing industry. It operates through three divisions. The United States print and related services segment consists of the company's American operations. Besides the complete set of print and marketing solutions, this segment also manufactures ink. The international segment includes the company's printing business in Europe and Latin America and others countries. The corporate segment is engaged in the general and administrative activities as well as associated costs. The company almost generates all its revenue from the American domestic market..
52GF Score

Get the complete analysis for QUAD

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

$9.43
Price
$4.95
GF Value