Kelt Exploration (STU:2KE) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.

STU:2KE Kelt Exploration Ltd STU:2KE
65 GF Score
Price €6.70
GF Value €5.34
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Kelt Exploration Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kelt Exploration  (STU:2KE) 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.


Kelt Exploration Cyclically Adjusted PS Ratio Related Terms


Kelt Exploration Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kelt Exploration'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.

Kelt Exploration Cyclically Adjusted PS Ratio Chart

Kelt Exploration 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 3.31 2.96 2.99 3.34 3.40

Kelt Exploration 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 3.36 3.05 3.38 4.01 3.61

STU:2KE vs COP, EOG, OXY: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, Kelt Exploration'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.


Kelt Exploration Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kelt Exploration's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:2KE
65GF Score
Kelt Exploration Ltd STU:2KE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kelt Exploration 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.

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

For example, Kelt Exploration'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)
=0.583/133.5265*133.5265
=0.583

Current CPI (Jun. 2026) = 133.5265.

Kelt Exploration Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.169 101.765 0.222
201612 0.199 101.449 0.262
201703 0.215 102.634 0.280
201706 0.213 103.029 0.276
201709 0.198 103.345 0.256
201712 0.276 103.345 0.357
201803 0.298 105.004 0.379
201806 0.314 105.557 0.397
201809 0.322 105.636 0.407
201812 0.341 105.399 0.432
201903 0.351 106.979 0.438
201906 0.341 107.690 0.423
201909 0.328 107.611 0.407
201912 0.349 107.769 0.432
202003 0.245 107.927 0.303
202006 0.150 108.401 0.185
202009 0.160 108.164 0.198
202012 0.132 108.559 0.162
202103 0.191 110.298 0.231
202106 0.197 111.720 0.235
202109 0.239 112.905 0.283
202112 0.398 113.774 0.467
202203 0.449 117.646 0.510
202206 0.604 120.806 0.668
202209 0.491 120.648 0.543
202212 0.505 120.964 0.557
202303 0.428 122.702 0.466
202306 0.357 124.203 0.384
202309 0.351 125.230 0.374
202312 0.381 125.072 0.407
202403 0.384 126.258 0.406
202406 0.312 127.522 0.327
202409 0.317 127.285 0.333
202412 0.386 127.364 0.405
202503 0.420 129.181 0.434
202506 0.338 129.892 0.347
202509 0.312 130.287 0.320
202512 0.402 130.366 0.412
202603 0.469 132.262 0.473
202606 0.583 133.527 0.583

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 Kelt Exploration (STU:2KE) Overvalued in 2026?

Based on GuruFocus' analysis, Kelt Exploration stock appears to be overvalued. The current stock price of €6.70 is trading 25.5% above its estimated GF Value™ of €5.34. GuruFocus considers Kelt Exploration to be Modestly Overvalued.

Key valuation signals for STU:2KE:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €5.34 vs. price of €6.70 (25.5% above fair value)
  • GF Score™: 65/100 with 8 warning signs

No single metric tells the full story. See the STU:2KE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kelt Exploration Business Description

Industry EnergyOil & Gas
Address 311 6th Avenue S.W, Suite 300, East Tower, Calgary, AB, CAN, T2P 3H2
Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. The company focuses on exploration, development and production of crude oil and natural gas resources, in west central Alberta and northeastern British Columbia.
65GF Score

Get the complete analysis for STU:2KE

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

€6.70
Price
€5.34
GF Value