SPGGF (SP Group AS) Cyclically Adjusted PS Ratio: 1.59 (As of Jul. 07, 2026) — Near Median


SPGGF SP Group AS SPGGF
95 GF Score
Price $29.71
GF Value $23.25
! 8 Warning Signs
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What is SP Group AS Cyclically Adjusted PS Ratio?

SP Group AS SPGGF 95 Cyclically Adjusted PS Ratio is 1.59 as of Jul. 07, 2026, which is 1% below its 10-year median of 1.61. GuruFocus rates SPGGF with a GF Score™ of 95/100 and a GF Value™ of $23.25. The stock has 8 warning signs investors should review. Among 1,275 Chemicals companies, SP Group AS ranks worse than 60.86% on this metric.

As of today (2026-07-07), SP Group AS's current share price is $29.7142. SP Group AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $18.71. SP Group AS's Cyclically Adjusted PS Ratio for today is 1.59.

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

SPGGF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.61   Max: 2.82
Current: 1.91

During the past years, SP Group AS's highest Cyclically Adjusted PS Ratio was 2.82. The lowest was 0.91. And the median was 1.61.

SPGGF's Cyclically Adjusted PS Ratio is ranked worse than
60.86% of 1275 companies
in the Chemicals industry
Industry Median: 1.36 vs SPGGF: 1.91

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.

SP Group AS's adjusted revenue per share data for the three months ended in Mar. 2026 was $12.635. 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 $18.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SP Group AS  (OTCPK:SPGGF) 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.


SP Group AS Cyclically Adjusted PS Ratio Related Terms


SP Group AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SP Group AS'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.

SP Group AS Cyclically Adjusted PS Ratio Chart

SP Group AS 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 2.82 1.43 1.15 1.51 1.60

SP Group AS 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 1.39 1.49 1.25 1.60 1.59

SPGGF vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, SP Group AS'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.


SP Group AS Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, SP Group AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SPGGF
95GF Score
SP Group AS SPGGF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SP Group AS 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.

SP Group AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=29.7142/18.71
=1.59

* 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.

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

For example, SP Group AS'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)
=12.635/121.6800*121.6800
=12.635

Current CPI (Mar. 2026) = 121.6800.

SP Group AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 5.175 100.600 6.259
201609 4.937 100.200 5.995
201612 5.360 100.300 6.503
201703 5.928 101.200 7.128
201706 6.713 101.200 8.072
201709 6.318 101.800 7.552
201712 6.370 101.300 7.652
201803 6.744 101.700 8.069
201806 7.163 102.300 8.520
201809 6.563 102.400 7.799
201812 6.863 102.100 8.179
201903 7.056 102.900 8.344
201906 6.839 102.900 8.087
201909 6.234 102.900 7.372
201912 6.571 102.900 7.770
202003 7.284 103.300 8.580
202006 7.045 103.200 8.307
202009 6.572 103.500 7.726
202012 7.287 103.400 8.575
202103 7.802 104.300 9.102
202106 8.448 105.000 9.790
202109 7.759 105.800 8.924
202112 7.901 106.600 9.019
202203 8.707 109.900 9.640
202206 7.909 113.600 8.472
202209 6.624 116.400 6.924
202212 7.582 115.900 7.960
202303 8.369 117.300 8.681
202306 7.898 116.400 8.256
202309 6.833 117.400 7.082
202312 7.849 116.700 8.184
202403 8.699 118.400 8.940
202406 9.076 118.500 9.320
202409 8.750 118.900 8.955
202412 8.463 118.900 8.661
202503 9.452 120.200 9.568
202506 8.797 120.700 8.868
202509 8.656 121.600 8.662
202512 10.889 121.200 10.932
202603 12.635 121.680 12.635

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 1.59 mean?
SP Group AS (SPGGF) has a Cyclically Adjusted PS Ratio of 1.59 as of Jul. 07, 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 SP Group AS and its competitors. This is near median its historical median of 1.61. Over the past decade, SP Group AS's Cyclically Adjusted PS Ratio has ranged from 0.91 to 2.82. According to the industry distribution chart, SP Group AS ranks #776 out of 1275 companies in the Chemicals industry, placing it in the top 60.9%.
Is SP Group AS's Cyclically Adjusted PS Ratio too high?
SP Group AS's current Cyclically Adjusted PS Ratio of 1.59 is near median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 2.82. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.36. SP Group AS's value of 1.59 is 16.9% above this industry median. Based on the distribution chart, SP Group AS ranks #776 out of 1275 companies in the Chemicals industry, which is below the industry midpoint. Overall, SP Group AS has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does SP Group AS's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, SP Group AS ranks #776 out of 1275 companies for Cyclically Adjusted PS Ratio. This places SP Group AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.36. SP Group AS's value of 1.59 is 16.9% above this benchmark. Historically, SP Group AS's own Cyclically Adjusted PS Ratio has ranged from 0.91 to 2.82 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 1.36, SP Group AS has consistently been above 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 a Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.36, based on 1,275 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. SP Group AS's current Cyclically Adjusted PS Ratio of 1.59 is 16.9% above 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 SP Group AS and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SP Group AS's current Cyclically Adjusted PS Ratio is 1.59, which is near median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SP Group AS stock overvalued right now?
SP Group AS (SPGGF) has a current Cyclically Adjusted PS Ratio of 1.59. The stock's GF Value™ is $23.25, compared to a current price of $29.71 — trading 27.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.59, which is near median its 10-year median of 1.61 and 16.9% above the Chemicals industry median of 1.36. SP Group AS's overall GF Score™ is 95/100 with 8 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 SP Group AS (SPGGF), the current Cyclically Adjusted PS Ratio is 1.59 as of Jul. 07, 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 SP Group AS (SPGGF) Overvalued in 2026?

Based on GuruFocus' analysis, SP Group AS stock appears to be overvalued. The current stock price of $29.71 is trading 27.8% above its estimated GF Value™ of $23.25.

Key valuation signals for SPGGF:

  • Cyclically Adjusted PS Ratio: 1.59 (near median its 10-year median of 1.61)
  • GF Value™: $23.25 vs. price of $29.71 (27.8% above fair value)
  • GF Score™: 95/100 with 8 warning signs
  • Industry Position: 16.9% above the Chemicals median (#776 of 1275)

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


SP Group AS Business Description

Other Exchanges SPG:Denmark1PU2:Germany
Address Snavevej 6-10, Sonderso, DNK, 5471
SP Group AS develops and manufactures solutions in plastics using multiple production technologies. It is a supplier of manufactured plastic products for the manufacturing industries. Its solutions include 3D print, Assembly, Blow Moulding, Injection Moulding, , Precision Plastic Machining, among others. Its segments include Denmark, Norway, Sweden, Finland, Latvia, Slovakia, The Netherlands, Poland, North America, China, and Thailand, with Denmark generating the majority of the revenue.
95GF Score

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

$29.71
Price
$23.25
GF Value