Chegg (STU:0CG) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.

STU:0CG Chegg Inc STU:0CG
38 GF Score
Price €0.60
GF Value €0.56
Valuation Fairly Valued
! 5 Warning Signs
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What is Chegg Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Chegg  (STU:0CG) 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.


Chegg Cyclically Adjusted PS Ratio Related Terms


Chegg Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Chegg'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.

Chegg Cyclically Adjusted PS Ratio Chart

Chegg 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 6.13 5.10 2.58 0.34 0.18

Chegg 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 0.23 0.28 0.18 0.14 0.20

STU:0CG vs COE, SKIL, LGCY: Cyclically Adjusted PS Ratio Comparison

For the Education & Training Services subindustry, Chegg'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.


Chegg Cyclically Adjusted PS Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, Chegg's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:0CG
38GF Score
Chegg Inc STU:0CG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Chegg 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.

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

For example, Chegg'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)
=0.4/333.9520*333.9520
=0.400

Current CPI (Jun. 2026) = 333.9520.

Chegg Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.702 241.428 0.971
201612 0.639 241.432 0.884
201703 0.633 243.801 0.867
201706 0.538 244.955 0.733
201709 0.518 246.819 0.701
201712 0.514 246.524 0.696
201803 0.565 249.554 0.756
201806 0.553 251.989 0.733
201809 0.559 252.439 0.740
201812 0.668 251.233 0.888
201903 0.735 254.202 0.966
201906 0.703 256.143 0.917
201909 0.705 256.759 0.917
201912 0.878 256.974 1.141
202003 0.976 258.115 1.263
202006 1.038 257.797 1.345
202009 1.045 260.280 1.341
202012 1.221 260.474 1.565
202103 1.226 264.877 1.546
202106 0.979 271.696 1.203
202109 0.994 274.310 1.210
202112 1.088 278.802 1.303
202203 1.353 287.504 1.572
202206 1.222 296.311 1.377
202209 1.105 296.808 1.243
202212 1.578 296.797 1.776
202303 1.407 301.836 1.557
202306 1.264 305.109 1.383
202309 1.257 307.789 1.364
202312 1.471 306.746 1.601
202403 1.570 312.332 1.679
202406 1.477 314.175 1.570
202409 1.199 315.301 1.270
202412 1.287 315.605 1.362
202503 1.097 319.799 1.146
202506 0.868 322.561 0.899
202509 0.613 324.800 0.630
202512 0.571 324.054 0.588
202603 0.482 330.213 0.487
202606 0.400 333.952 0.400

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 Chegg (STU:0CG) Overvalued in 2026?

Based on GuruFocus' analysis, Chegg stock appears to be overvalued. The current stock price of €0.60 is trading 7.9% above its estimated GF Value™ of €0.56. GuruFocus considers Chegg to be Fairly Valued.

Key valuation signals for STU:0CG:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.56 vs. price of €0.60 (7.9% above fair value)
  • GF Score™: 38/100 with 5 warning signs

No single metric tells the full story. See the STU:0CG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chegg Business Description

Other Exchanges CHGG:USACHGG:Mexico0A4Z:UK
Address 2261 Market Street, Suite 46218, Santa Clara, CA, USA, 95054
Chegg Inc is an American educational services company. The Chegg platform provides products and services to support learners with their academic course materials, as well as their career and personal skills development. The company's service and product offerings fall into two categories: Chegg Skilling; and Academic Services, which derives maximum revenue. Geographically, it derives in United States and International.
38GF Score

Get the complete analysis for STU:0CG

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

€0.60
Price
€0.56
GF Value