Melhus Sparebank (STU:K15) 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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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:K15 Melhus Sparebank STU:K15
49 GF Score
Price €15.40
GF Value €13.88
! 5 Warning Signs
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What is Melhus Sparebank Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Melhus Sparebank  (STU:K15) 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.


Melhus Sparebank Cyclically Adjusted PS Ratio Related Terms


Melhus Sparebank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Melhus Sparebank'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.

Melhus Sparebank Cyclically Adjusted PS Ratio Chart

Melhus Sparebank 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 - - 1.27 1.26 1.58

Melhus Sparebank 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 1.34 1.30 1.52 1.54 1.52

Melhus Sparebank Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Melhus Sparebank'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.


Melhus Sparebank Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Melhus Sparebank's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:K15
49GF Score
Melhus Sparebank STU:K15
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Melhus Sparebank 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.

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

For example, Melhus Sparebank'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)
=3.058/141.6200*141.6200
=3.058

Current CPI (Jun. 2026) = 141.6200.

Melhus Sparebank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.081 104.200 2.828
201612 2.275 104.400 3.086
201703 2.328 105.000 3.140
201706 2.458 105.800 3.290
201709 2.226 105.900 2.977
201712 1.782 106.100 2.379
201803 1.754 107.300 2.315
201806 2.123 108.500 2.771
201809 1.839 109.500 2.378
201812 1.848 109.800 2.384
201903 1.708 110.400 2.191
201906 2.272 110.600 2.909
201909 2.068 111.100 2.636
201912 2.099 111.300 2.671
202003 1.755 111.200 2.235
202006 1.982 112.100 2.504
202009 1.676 112.900 2.102
202012 1.809 112.900 2.269
202103 1.831 114.600 2.263
202106 2.386 115.300 2.931
202109 1.981 117.500 2.388
202112 2.204 118.900 2.625
202203 2.015 119.800 2.382
202206 2.690 122.600 3.107
202209 2.281 125.600 2.572
202212 2.153 125.900 2.422
202303 2.262 127.600 2.511
202306 3.607 130.400 3.917
202309 2.557 129.800 2.790
202312 2.512 131.900 2.697
202403 2.476 132.600 2.644
202406 2.874 133.800 3.042
202409 2.566 133.700 2.718
202412 2.845 134.800 2.989
202503 2.562 136.100 2.666
202506 3.063 137.800 3.148
202509 2.533 138.500 2.590
202512 2.754 139.140 2.803
202603 2.498 141.060 2.508
202606 3.058 141.620 3.058

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 Melhus Sparebank (STU:K15) Overvalued in 2026?

Based on GuruFocus' analysis, Melhus Sparebank stock appears to be overvalued. The current stock price of €15.40 is trading 11% above its estimated GF Value™ of €13.88.

Key valuation signals for STU:K15:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €13.88 vs. price of €15.40 (11% above fair value)
  • GF Score™: 49/100 with 5 warning signs

No single metric tells the full story. See the STU:K15 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Melhus Sparebank Business Description

Other Exchanges MELG:Norway
Address Melhus Road 439, Melhus, NOR, 7224
Melhus Sparebank is a savings bank that offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.
49GF Score

Get the complete analysis for STU:K15

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

€15.40
Price
€13.88
GF Value