Jse (STU:JF6) 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
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:JF6 Jse Ltd STU:JF6
73 GF Score
Price €8.15
GF Value €7.83
Valuation Fairly Valued
! 7 Warning Signs
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What is Jse Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Jse  (STU:JF6) 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.


Jse Cyclically Adjusted PS Ratio Related Terms


Jse Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Jse'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.

Jse Cyclically Adjusted PS Ratio Chart

Jse 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 - - 1.85 2.64 3.13

Jse 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 2.11 2.19 2.18 2.35 2.60

STU:JF6 vs SPGI, CME, ICE: Cyclically Adjusted PS Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Jse'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.


Jse Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Jse's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:JF6
73GF Score
Jse Ltd STU:JF6
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jse 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.

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

For example, Jse'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)
=2.046/162.8800*162.8800
=2.046

Current CPI (Dec25) = 162.8800.

Jse Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 1.857 109.002 2.775
201712 1.755 113.907 2.510
201812 1.691 118.921 2.316
201912 1.607 123.717 2.116
202012 1.601 127.467 2.046
202112 1.757 135.029 2.119
202212 1.887 145.156 2.117
202312 1.710 152.718 1.824
202412 1.829 157.212 1.895
202512 2.046 162.880 2.046

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 Jse (STU:JF6) Overvalued in 2026?

Based on GuruFocus' analysis, Jse stock appears to be overvalued. The current stock price of €8.15 is trading 4.1% above its estimated GF Value™ of €7.83. GuruFocus considers Jse to be Fairly Valued.

Key valuation signals for STU:JF6:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €7.83 vs. price of €8.15 (4.1% above fair value)
  • GF Score™: 73/100 with 7 warning signs

No single metric tells the full story. See the STU:JF6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jse Business Description

Other Exchanges JSE:South AfricaJSEJF:USA
Address 2 Gwen Lane, One Exchange Square, Sandown, Johannesburg, ZAF, 2196
Jse Ltd is a critical service provider to South Africa's financial markets, providing regulated, transparent, and trusted platforms for financial transactions. It is a multi-asset class stock exchange that provides platforms for raising capital and trading in equities, bonds, derivatives, currencies, and commodities, while JSE Clear Proprietary Limited (JSE Clear) provides clearing services for listed derivatives. The Group generates maximum revenue from the provision of capital markets services (comprising primary market, equity trading, colocation fees, equity derivatives trading, etc.), and the rest from post-trade services, JSE Clear, information services, and other sources.
73GF Score

Get the complete analysis for STU:JF6

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

€8.15
Price
€7.83
GF Value