SMOPF (Smartoptics Group ASA) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan 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.

SMOPF Smartoptics Group ASA SMOPF
88 GF Score
Price $5.30
GF Value $3.24
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Smartoptics Group ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Smartoptics Group ASA  (OTCPK:SMOPF) 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.


Smartoptics Group ASA Cyclically Adjusted PS Ratio Related Terms


Smartoptics Group ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Smartoptics Group ASA'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.

Smartoptics Group ASA Cyclically Adjusted PS Ratio Chart

Smartoptics Group ASA Annual Data
Trend Dec08 Dec09 Dec10 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
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Smartoptics Group ASA 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 1.85 1.84 2.64 2.61 6.98

SMOPF vs CSCO, MSI, LITE: Cyclically Adjusted PS Ratio Comparison

For the Communication Equipment subindustry, Smartoptics Group ASA'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.


Smartoptics Group ASA Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Smartoptics Group ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SMOPF
88GF Score
Smartoptics Group ASA SMOPF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Smartoptics Group ASA 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.

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

For example, Smartoptics Group ASA'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)
=0.294/141.6200*141.6200
=0.294

Current CPI (Jun. 2026) = 141.6200.

Smartoptics Group ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200706 0.616 84.500 1.032
200709 0.526 84.800 0.878
200712 0.774 87.100 1.258
200803 0.712 87.200 1.156
200806 0.079 87.400 0.128
200809 0.084 89.300 0.133
200812 0.152 89.000 0.242
200903 0.118 89.400 0.187
200906 0.156 90.400 0.244
200909 0.200 90.400 0.313
200912 0.298 90.800 0.465
201003 0.265 92.500 0.406
201006 0.269 92.100 0.414
201009 0.156 92.000 0.240
201012 0.172 93.300 0.261
201103 0.195 93.400 0.296
202003 0.068 111.200 0.087
202009 0.096 112.900 0.120
202012 0.130 112.900 0.163
202103 0.112 114.600 0.138
202109 0.115 117.500 0.139
202112 0.130 118.900 0.155
202203 0.123 119.800 0.145
202206 0.154 122.600 0.178
202209 0.143 125.600 0.161
202212 0.188 125.900 0.211
202303 0.145 127.600 0.161
202306 0.175 130.400 0.190
202309 0.140 129.800 0.153
202312 0.143 131.900 0.154
202403 0.130 132.600 0.139
202406 0.133 133.800 0.141
202409 0.132 133.700 0.140
202412 0.171 134.800 0.180
202503 0.146 136.100 0.152
202506 0.190 137.800 0.195
202509 0.194 138.500 0.198
202512 0.237 139.140 0.241
202603 0.234 141.060 0.235
202606 0.294 141.620 0.294

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 Smartoptics Group ASA (SMOPF) Overvalued in 2026?

Based on GuruFocus' analysis, Smartoptics Group ASA stock appears to be overvalued. The current stock price of $5.30 is trading 63.6% above its estimated GF Value™ of $3.24. GuruFocus considers Smartoptics Group ASA to be Significantly Overvalued.

Key valuation signals for SMOPF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $3.24 vs. price of $5.30 (63.6% above fair value)
  • GF Score™: 88/100 with 2 warning signs

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


Smartoptics Group ASA Business Description

Address Brynsalleen 2, Oslo, NOR, 0667
Smartoptics Group ASA provides optical networking solutions and devices for open networking. The company has three main product categories: Solutions, Optical Devices, and Software & Services. These products are used to construct various Enterprise, Governmental, DCI, Metro, and Regional networks. The Solutions consist of the DCP-R family, DCP-F family, DCP-M family, transponders, and Muxponders, as well as transceivers used in connection with the System projects. Optical devices consist of transceivers, passive filters, and accessories that are sold independently of products in the Solutions offering. Software and Services are closely related to Solutions, as customers buy a complete solution including a Software and Services package. Geographically works in America, EMEA, and APAC.
88GF Score

Get the complete analysis for SMOPF

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

$5.30
Price
$3.24
GF Value