CD Projekt Red (STU:7CD0) Cyclically Adjusted PS Ratio: (As of Sep. 04, 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:7CD0 CD Projekt Red SA STU:7CD0
86 GF Score
Price €13.30
GF Value €8.10
Valuation Significantly Overvalued
! 2 Warning Signs
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What is CD Projekt Red Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CD Projekt Red  (STU:7CD0) 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.


CD Projekt Red Cyclically Adjusted PS Ratio Related Terms


CD Projekt Red Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CD Projekt Red'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.

CD Projekt Red Cyclically Adjusted PS Ratio Chart

CD Projekt Red 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 27.30 14.41 10.87 16.34 21.06

CD Projekt Red 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 24.54 23.25 21.06 20.01 0.00

STU:7CD0 vs NTES, TTWO, RBLX: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, CD Projekt Red'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.


CD Projekt Red Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CD Projekt Red's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:7CD0
86GF Score
CD Projekt Red SA STU:7CD0
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CD Projekt Red 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.

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

For example, CD Projekt Red'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)
=0.141/162.2800*162.2800
=0.141

Current CPI (Jun. 2026) = 162.2800.

CD Projekt Red Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.059 99.064 0.097
201612 0.096 100.366 0.155
201703 0.059 101.018 0.095
201706 0.093 101.180 0.149
201709 0.050 101.343 0.080
201712 0.072 102.564 0.114
201803 0.044 102.564 0.070
201806 0.053 103.378 0.083
201809 0.038 103.378 0.060
201812 0.075 103.785 0.117
201903 0.048 104.274 0.075
201906 0.075 105.983 0.115
201909 0.054 105.983 0.083
201912 0.123 107.123 0.186
202003 0.111 109.076 0.165
202006 0.098 109.402 0.145
202009 0.060 109.320 0.089
202012 0.972 109.565 1.440
202103 0.113 112.658 0.163
202106 0.158 113.960 0.225
202109 0.082 115.588 0.115
202112 0.156 119.088 0.213
202203 0.124 125.031 0.161
202206 0.094 131.705 0.116
202209 0.142 135.531 0.170
202212 0.189 139.113 0.220
202303 0.101 145.950 0.112
202306 0.087 147.009 0.096
202309 0.257 146.113 0.285
202312 0.268 147.741 0.294
202403 0.132 149.044 0.144
202406 0.115 150.997 0.124
202409 0.132 153.439 0.140
202412 0.084 154.660 0.088
202503 0.104 157.021 0.107
202506 0.100 157.509 0.103
202509 0.201 158.000 0.206
202512 0.043 158.320 0.044
202603 0.110 163.070 0.109
202606 0.141 162.280 0.141

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 CD Projekt Red (STU:7CD0) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt Red stock appears to be overvalued. The current stock price of €13.30 is trading 64.2% above its estimated GF Value™ of €8.10. GuruFocus considers CD Projekt Red to be Significantly Overvalued.

Key valuation signals for STU:7CD0:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €8.10 vs. price of €13.30 (64.2% above fair value)
  • GF Score™: 86/100 with 2 warning signs

No single metric tells the full story. See the STU:7CD0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CD Projekt Red Business Description

Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
86GF Score

Get the complete analysis for STU:7CD0

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

€13.30
Price
€8.10
GF Value