Quarterhill (STU:WJL) Cyclically Adjusted PS Ratio: 2.09 (As of Sep. 04, 2026) — 29% Above Median

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:WJL Quarterhill Inc STU:WJL
66 GF Score
Price €1.57
GF Value €0.98
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Quarterhill Cyclically Adjusted PS Ratio?

Quarterhill STU:WJL +3.97% 66 Cyclically Adjusted PS Ratio is 2.09 as of Sep. 04, 2026, which is 29% above its 10-year median of 1.62. GuruFocus rates STU:WJL with a GF Score™ of 66/100 and a GF Value™ of €0.98 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,968 Hardware companies, Quarterhill ranks worse than 50.66% on this metric.

As of today (2026-09-04), Quarterhill's current share price is €1.57. Quarterhill's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €0.75. Quarterhill's Cyclically Adjusted PS Ratio for today is 2.09.

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

STU:WJL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.62   Max: 4.04
Current: 1.45

During the past years, Quarterhill's highest Cyclically Adjusted PS Ratio was 4.04. The lowest was 0.53. And the median was 1.62.

STU:WJL's Cyclically Adjusted PS Ratio is ranked worse than
50.66% of 1968 companies
in the Hardware industry
Industry Median: 1.41 vs STU:WJL: 1.45

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.

Quarterhill's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.306. 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 €0.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Quarterhill  (STU:WJL) 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.


Quarterhill Cyclically Adjusted PS Ratio Related Terms


Quarterhill Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Quarterhill'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.

Quarterhill Cyclically Adjusted PS Ratio Chart

Quarterhill 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 2.30 1.13 1.29 1.02 0.56

Quarterhill 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 0.85 0.62 0.56 0.70 1.36

STU:WJL vs CSCO, MSI, LITE: Cyclically Adjusted PS Ratio Comparison

For the Communication Equipment subindustry, Quarterhill'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.


Quarterhill Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Quarterhill's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:WJL
66GF Score
Quarterhill Inc STU:WJL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quarterhill 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.

Quarterhill's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.57/0.75
=2.09

* 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.

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

For example, Quarterhill'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)
=0.306/133.5265*133.5265
=0.306

Current CPI (Jun. 2026) = 133.5265.

Quarterhill Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.124 101.765 0.163
201612 0.242 101.449 0.319
201703 0.060 102.634 0.078
201706 0.140 103.029 0.181
201709 0.608 103.345 0.786
201712 0.161 103.345 0.208
201803 0.082 105.004 0.104
201806 0.147 105.557 0.186
201809 0.141 105.636 0.178
201812 0.188 105.399 0.238
201903 0.295 106.979 0.368
201906 0.300 107.690 0.372
201909 0.127 107.611 0.158
201912 0.290 107.769 0.359
202003 0.116 107.927 0.144
202006 0.092 108.401 0.113
202009 0.481 108.164 0.594
202012 0.136 108.559 0.167
202103 0.112 110.298 0.136
202106 0.111 111.720 0.133
202109 0.213 112.905 0.252
202112 0.312 113.774 0.366
202203 0.940 117.646 1.067
202206 0.252 120.806 0.279
202209 0.272 120.648 0.301
202212 0.249 120.964 0.275
202303 0.231 122.702 0.251
202306 0.311 124.203 0.334
202309 0.278 125.230 0.296
202312 0.342 125.072 0.365
202403 0.279 126.258 0.295
202406 0.335 127.522 0.351
202409 0.297 127.285 0.312
202412 0.321 127.364 0.337
202503 0.271 129.181 0.280
202506 0.321 129.892 0.330
202509 0.290 130.287 0.297
202512 0.278 130.366 0.285
202603 0.288 132.262 0.291
202606 0.306 133.527 0.306

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 2.09 mean?
Quarterhill (STU:WJL) has a Cyclically Adjusted PS Ratio of 2.09 as of Sep. 04, 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 Quarterhill and its competitors. This is 29% above median its historical median of 1.62. Over the past decade, Quarterhill's Cyclically Adjusted PS Ratio has ranged from 0.53 to 4.04. According to the industry distribution chart, Quarterhill ranks #997 out of 1968 companies in the Hardware industry, placing it in the top 50.7%.
Is Quarterhill's Cyclically Adjusted PS Ratio too high?
Quarterhill's current Cyclically Adjusted PS Ratio of 2.09 is 29% above median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 4.04. The Hardware industry median Cyclically Adjusted PS Ratio is 1.41. Quarterhill's value of 2.09 is 48.2% above this industry median. Based on the distribution chart, Quarterhill ranks #997 out of 1968 companies in the Hardware industry, which is below the industry midpoint. Overall, Quarterhill has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quarterhill's Cyclically Adjusted PS Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, Quarterhill ranks #997 out of 1968 companies for Cyclically Adjusted PS Ratio. This places Quarterhill in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. Quarterhill's value of 2.09 is 48.2% above this benchmark. Historically, Quarterhill's own Cyclically Adjusted PS Ratio has ranged from 0.53 to 4.04 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.41, Quarterhill has consistently been above 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 a Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.41, based on 1,968 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. Quarterhill's current Cyclically Adjusted PS Ratio of 2.09 is 48.2% above 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 Quarterhill and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quarterhill's current Cyclically Adjusted PS Ratio is 2.09, which is 29% above median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quarterhill stock overvalued right now?
Based on GuruFocus' analysis, Quarterhill (STU:WJL) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.98, compared to a current price of €1.57 — trading 60.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.09, which is 29% above median its 10-year median of 1.62 and 48.2% above the Hardware industry median of 1.41. Quarterhill's overall GF Score™ is 66/100 with 5 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 Quarterhill (STU:WJL), the current Cyclically Adjusted PS Ratio is 2.09 as of Sep. 04, 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 Quarterhill (STU:WJL) Overvalued in 2026?

Based on GuruFocus' analysis, Quarterhill stock appears to be overvalued. The current stock price of €1.57 is trading 60.2% above its estimated GF Value™ of €0.98. GuruFocus considers Quarterhill to be Significantly Overvalued.

Key valuation signals for STU:WJL:

  • Cyclically Adjusted PS Ratio: 2.09 (29% above median its 10-year median of 1.62)
  • GF Value™: €0.98 vs. price of €1.57 (60.2% above fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 48.2% above the Hardware median (#997 of 1968)

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


Quarterhill Business Description

Address 200 Bay Street, North Tower, Suite 1200, Po Box 96, Toronto, ON, CAN, M5J 2J2
Quarterhill Inc is focused on the acquisition, management, and growth of companies in the intelligent transportation systems (ITS) and innovation and licensing industries. Geographically, the company operates in the United States, Canada, Chile, Korea, Thailand, Belgium, Germany, France, and the Rest of the world. The majority of the revenue comes from the United States.
66GF Score

Get the complete analysis for STU:WJL

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

€1.57
Price
€0.98
GF Value