VAT Group AG (STU:19V) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

STU:19V VAT Group AG STU:19V
89 GF Score
Price €647.40
GF Value €477.82
Valuation Significantly Overvalued
! 4 Warning Signs
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What is VAT Group AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


VAT Group AG  (STU:19V) 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.


VAT Group AG Cyclically Adjusted PS Ratio Related Terms


VAT Group AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for VAT Group AG'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.

VAT Group AG Cyclically Adjusted PS Ratio Chart

VAT Group AG 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 - 4.94 4.49 4.15 14.57

VAT Group AG Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 4.43 4.15 13.58 14.64 26.24

STU:19V vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, VAT Group AG'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.


VAT Group AG Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, VAT Group AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:19V
89GF Score
VAT Group AG STU:19V
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VAT Group AG 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.

VAT Group AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, VAT Group AG's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=35.79/107.2000*107.2000
=35.790

Current CPI (Dec25) = 107.2000.

VAT Group AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 18.280 99.380 19.719
201712 23.112 100.213 24.723
201812 23.277 100.906 24.729
201912 19.013 101.063 20.168
202012 23.076 100.241 24.678
202112 30.018 101.776 31.618
202212 38.170 104.666 39.094
202312 29.507 106.461 29.712
202412 31.410 107.128 31.431
202512 35.790 107.200 35.790

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 VAT Group AG (STU:19V) Overvalued in 2026?

Based on GuruFocus' analysis, VAT Group AG stock appears to be overvalued. The current stock price of €647.40 is trading 35.5% above its estimated GF Value™ of €477.82. GuruFocus considers VAT Group AG to be Significantly Overvalued.

Key valuation signals for STU:19V:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €477.82 vs. price of €647.40 (35.5% above fair value)
  • GF Score™: 89/100 with 4 warning signs

No single metric tells the full story. See the STU:19V stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VAT Group AG Business Description

Address Rutistrasse 4, Haag, CHE, CH-9469
VAT Group AG is a developer and manufacturer of vacuum valves and related solutions used in vacuum environments required for the manufacturing of semiconductors, photovoltaic solar cells, digital displays, and other industrial and research applications. Its products are mission-critical components that enable high-precision processes in near-perfect vacuum environments. It operates through two segments: valves, which earn maximum revenue and focus on the design and manufacture of vacuum valves and related components, and service, which provides spare parts, repairs, upgrades, and support services for installed products. The company maintains a production footprint across multiple locations and serves customers internationally, earning a majority of its revenue from China.
89GF Score

Get the complete analysis for STU:19V

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

€647.40
Price
€477.82
GF Value