US Global Investors (STU:UGL) Cyclically Adjusted PS Ratio: 3.90 (As of Sep. 06, 2026) — 30% Above Median

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STU:UGL US Global Investors Inc STU:UGL
65 GF Score
Price €3.08
GF Value €2.34
Valuation Significantly Overvalued
! 4 Warning Signs
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What is US Global Investors Cyclically Adjusted PS Ratio?

US Global Investors STU:UGL +12.41% 65 Cyclically Adjusted PS Ratio is 3.90 as of Sep. 06, 2026, which is 30% above its 10-year median of 2.99. GuruFocus rates STU:UGL with a GF Score™ of 65/100 and a GF Value™ of €2.34 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 920 Asset Management companies, US Global Investors ranks better than 75.54% on this metric.

As of today (2026-09-06), US Global Investors's current share price is €3.08. US Global Investors's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €0.79. US Global Investors's Cyclically Adjusted PS Ratio for today is 3.90.

The historical rank and industry rank for US Global Investors's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:UGL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.69   Med: 2.99   Max: 14.99
Current: 3.29

During the past years, US Global Investors's highest Cyclically Adjusted PS Ratio was 14.99. The lowest was 0.69. And the median was 2.99.

STU:UGL's Cyclically Adjusted PS Ratio is ranked better than
75.54% of 920 companies
in the Asset Management industry
Industry Median: 7.94 vs STU:UGL: 3.29

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

US Global Investors's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.191. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €0.79 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


US Global Investors  (STU:UGL) 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.


US Global Investors Cyclically Adjusted PS Ratio Related Terms


US Global Investors Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for US Global Investors'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.

US Global Investors Cyclically Adjusted PS Ratio Chart

US Global Investors Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.25 3.72 3.14 3.07 3.44

US Global Investors 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 3.07 3.20 2.79 2.78 3.44

STU:UGL vs FGNX, GRF, RMCO: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, US Global Investors'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.


US Global Investors Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, US Global Investors's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:UGL
65GF Score
US Global Investors Inc STU:UGL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

US Global Investors 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.

US Global Investors's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.08/0.79
=3.90

* 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.

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

For example, US Global Investors'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)
=0.191/333.9520*333.9520
=0.191

Current CPI (Jun. 2026) = 333.9520.

US Global Investors Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.116 241.428 0.160
201612 0.102 241.432 0.141
201703 0.103 243.801 0.141
201706 0.086 244.955 0.117
201709 0.082 246.819 0.111
201712 0.111 246.524 0.150
201803 0.076 249.554 0.102
201806 0.077 251.989 0.102
201809 0.069 252.439 0.091
201812 0.046 251.233 0.061
201903 0.050 254.202 0.066
201906 0.045 256.143 0.059
201909 0.048 256.759 0.062
201912 0.053 256.974 0.069
202003 0.055 258.115 0.071
202006 0.110 257.797 0.142
202009 0.183 260.280 0.235
202012 0.257 260.474 0.329
202103 0.354 264.877 0.446
202106 0.405 271.696 0.498
202109 0.369 274.310 0.449
202112 0.387 278.802 0.464
202203 0.374 287.504 0.434
202206 0.344 296.311 0.388
202209 0.298 296.808 0.335
202212 0.236 296.797 0.266
202303 0.230 301.836 0.254
202306 0.219 305.109 0.240
202309 0.203 307.789 0.220
202312 0.181 306.746 0.197
202403 0.169 312.332 0.181
202406 0.163 314.175 0.173
202409 0.142 315.301 0.150
202412 0.158 315.605 0.167
202503 0.149 319.799 0.156
202506 0.129 322.561 0.134
202509 0.148 324.800 0.152
202512 0.168 324.054 0.173
202603 0.190 330.213 0.192
202606 0.191 333.952 0.191

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.

What does a Cyclically Adjusted PS Ratio of 3.90 mean?
US Global Investors (STU:UGL) has a Cyclically Adjusted PS Ratio of 3.90 as of Sep. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on US Global Investors and its competitors. This is 30% above median its historical median of 2.99. Over the past decade, US Global Investors' Cyclically Adjusted PS Ratio has ranged from 0.69 to 14.99. According to the industry distribution chart, US Global Investors ranks #225 out of 920 companies in the Asset Management industry, placing it in the top 24.5%.
Is US Global Investors' Cyclically Adjusted PS Ratio too high?
US Global Investors' current Cyclically Adjusted PS Ratio of 3.90 is 30% above median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 14.99. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.94. US Global Investors' value of 3.90 is 50.9% below this industry median. Based on the distribution chart, US Global Investors ranks #225 out of 920 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, US Global Investors has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does US Global Investors' Cyclically Adjusted PS Ratio compare to FGNX and GRF?
According to the Asset Management industry distribution chart, US Global Investors ranks #225 out of 920 companies for Cyclically Adjusted PS Ratio. This places US Global Investors in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 7.94. US Global Investors' value of 3.90 is 50.9% below this benchmark. Historically, US Global Investors' own Cyclically Adjusted PS Ratio has ranged from 0.69 to 14.99 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 7.94, US Global Investors has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.94, based on 920 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. US Global Investors's current Cyclically Adjusted PS Ratio of 3.90 is 50.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on US Global Investors and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. US Global Investors's current Cyclically Adjusted PS Ratio is 3.90, which is 30% above median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is US Global Investors stock overvalued right now?
Based on GuruFocus' analysis, US Global Investors (STU:UGL) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.34, compared to a current price of €3.08 — trading 31.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.90, which is 30% above median its 10-year median of 2.99 and 50.9% below the Asset Management industry median of 7.94. US Global Investors' overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For US Global Investors (STU:UGL), the current Cyclically Adjusted PS Ratio is 3.90 as of Sep. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is US Global Investors (STU:UGL) Overvalued in 2026?

Based on GuruFocus' analysis, US Global Investors stock appears to be overvalued. The current stock price of €3.08 is trading 31.6% above its estimated GF Value™ of €2.34. GuruFocus considers US Global Investors to be Significantly Overvalued.

Key valuation signals for STU:UGL:

  • Cyclically Adjusted PS Ratio: 3.90 (30% above median its 10-year median of 2.99)
  • GF Value™: €2.34 vs. price of €3.08 (31.6% above fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 50.9% below the Asset Management median (#225 of 920)

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


US Global Investors Business Description

Other Exchanges GROW:USA0LHX:UKUGL:Germany
Address 7900 Callaghan Road, San Antonio, TX, USA, 78229
US Global Investors Inc is a registered investment advisory firm. The company manages the following business segments: Investment management services; through which the company offers, to U.S. Global Investors Funds (USGIF or the Funds) and exchange-traded fund (ETF) clients, a range of investment management products and services to meet the needs of individual and institutional investors; and Corporate Investments, through which the company invests for its own account in an effort to add growth and value to its cash position. It derives all its revenue from Investment management services.
65GF Score

Get the complete analysis for STU:UGL

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

€3.08
Price
€2.34
GF Value