Calian Group (TSX:CGY) Cyclically Adjusted PS Ratio: 1.34 (As of Jul. 23, 2026) — 29% Above Median

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TSX:CGY Calian Group Ltd TSX:CGY
95 GF Score
Price C$77.67
GF Value C$66.24
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Calian Group Cyclically Adjusted PS Ratio?

Calian Group TSX:CGY -0.61% 95 Cyclically Adjusted PS Ratio is 1.34 as of Jul. 23, 2026, which is 29% above its 10-year median of 1.04. GuruFocus rates TSX:CGY with a GF Score™ of 95/100 and a GF Value™ of C$66.24 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 716 Business Services companies, Calian Group ranks worse than 62.15% on this metric.

As of today (2026-07-23), Calian Group's current share price is C$77.67. Calian Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$57.88. Calian Group's Cyclically Adjusted PS Ratio for today is 1.34.

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

TSX:CGY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.69   Med: 1.04   Max: 1.85
Current: 1.35

During the past years, Calian Group's highest Cyclically Adjusted PS Ratio was 1.85. The lowest was 0.69. And the median was 1.04.

TSX:CGY's Cyclically Adjusted PS Ratio is ranked worse than
62.15% of 716 companies
in the Business Services industry
Industry Median: 0.885 vs TSX:CGY: 1.35

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.

Calian Group's adjusted revenue per share data for the three months ended in Mar. 2026 was C$19.668. 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 C$57.88 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Calian Group  (TSX:CGY) 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.


Calian Group Cyclically Adjusted PS Ratio Related Terms


Calian Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Calian Group'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.

Calian Group Cyclically Adjusted PS Ratio Chart

Calian Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.49 1.24 1.05 0.88 0.89

Calian Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.82 0.91 0.89 0.99 1.26

TSX:CGY vs CTAS, CPRT, ULS: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, Calian Group'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.


Calian Group Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Calian Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:CGY
95GF Score
Calian Group Ltd TSX:CGY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Calian Group 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.

Calian Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=77.67/57.88
=1.34

* 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.

Calian Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Calian Group's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=19.668/132.2623*132.2623
=19.668

Current CPI (Mar. 2026) = 132.2623.

Calian Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 9.855 102.002 12.779
201609 9.196 101.765 11.952
201612 9.085 101.449 11.844
201703 8.779 102.634 11.313
201706 8.748 103.029 11.230
201709 9.335 103.345 11.947
201712 9.813 103.345 12.559
201803 9.922 105.004 12.498
201806 9.349 105.557 11.714
201809 10.106 105.636 12.653
201812 10.217 105.399 12.821
201903 10.615 106.979 13.124
201906 11.126 107.690 13.665
201909 11.486 107.611 14.117
201912 12.398 107.769 15.216
202003 11.709 107.927 14.349
202006 10.782 108.401 13.155
202009 12.589 108.164 15.394
202012 11.761 108.559 14.329
202103 13.618 110.298 16.330
202106 12.021 111.720 14.231
202109 11.314 112.905 13.254
202112 11.399 113.774 13.251
202203 12.478 117.646 14.028
202206 13.138 120.806 14.384
202209 14.080 120.648 15.435
202212 12.621 120.964 13.800
202303 14.339 122.702 15.456
202306 14.132 124.203 15.049
202309 14.922 125.230 15.760
202312 14.995 125.072 15.857
202403 16.724 126.258 17.519
202406 15.381 127.522 15.953
202409 15.308 127.285 15.907
202412 15.528 127.364 16.125
202503 16.280 129.181 16.668
202506 16.528 129.892 16.830
202509 17.906 130.287 18.177
202512 18.180 130.366 18.444
202603 19.668 132.262 19.668

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 1.34 mean?
Calian Group (TSX:CGY) has a Cyclically Adjusted PS Ratio of 1.34 as of Jul. 23, 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 Calian Group and its competitors. This is 29% above median its historical median of 1.04. Over the past decade, Calian Group's Cyclically Adjusted PS Ratio has ranged from 0.69 to 1.85. According to the industry distribution chart, Calian Group ranks #445 out of 716 companies in the Business Services industry, placing it in the top 62.2%.
Is Calian Group's Cyclically Adjusted PS Ratio too high?
Calian Group's current Cyclically Adjusted PS Ratio of 1.34 is 29% above median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.85. The Business Services industry median Cyclically Adjusted PS Ratio is 0.89. Calian Group's value of 1.34 is 51.4% above this industry median. Based on the distribution chart, Calian Group ranks #445 out of 716 companies in the Business Services industry, which is below the industry midpoint. Overall, Calian Group has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Calian Group's Cyclically Adjusted PS Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Calian Group ranks #445 out of 716 companies for Cyclically Adjusted PS Ratio. This places Calian Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.89. Calian Group's value of 1.34 is 51.4% above this benchmark. Historically, Calian Group's own Cyclically Adjusted PS Ratio has ranged from 0.69 to 1.85 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 0.89, Calian Group 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.89, based on 716 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. Calian Group's current Cyclically Adjusted PS Ratio of 1.34 is 51.4% 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 Calian Group and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calian Group's current Cyclically Adjusted PS Ratio is 1.34, which is 29% above median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calian Group stock overvalued right now?
Based on GuruFocus' analysis, Calian Group (TSX:CGY) is currently considered Modestly Overvalued. The stock's GF Value™ is C$66.24, compared to a current price of C$77.67 — trading 17.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.34, which is 29% above median its 10-year median of 1.04 and 51.4% above the Business Services industry median of 0.89. Calian Group's overall GF Score™ is 95/100 with 6 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 Calian Group (TSX:CGY), the current Cyclically Adjusted PS Ratio is 1.34 as of Jul. 23, 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 Calian Group (TSX:CGY) Overvalued in 2026?

Based on GuruFocus' analysis, Calian Group stock appears to be overvalued. The current stock price of C$77.67 is trading 17.3% above its estimated GF Value™ of C$66.24. GuruFocus considers Calian Group to be Modestly Overvalued.

Key valuation signals for TSX:CGY:

  • Cyclically Adjusted PS Ratio: 1.34 (29% above median its 10-year median of 1.04)
  • GF Value™: C$66.24 vs. price of C$77.67 (17.3% above fair value)
  • GF Score™: 95/100 with 6 warning signs
  • Industry Position: 51.4% above the Business Services median (#445 of 716)

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


Calian Group Business Description

Other Exchanges CLNFF:USA
Address 770 Palladium Drive, Ottawa, ON, CAN, K2V 1C8
Calian Group Ltd provides services to industry and government across health, learning, defence, security, aerospace, engineering, AgTech, satcom, and IT. The company operates through four segments: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS), with majority revenue from Advanced Technologies. Its solutions cover cybersecurity and cloud services, communication and connectivity, antennas and SatCom solutions, enterprise IT and managed services, defence and military support, software and embedded design, modelling and simulation, and healthcare services, including virtual care, psychological services, staff augmentation, and pharma PSP and CRO services. It generates the majority of revenue from Canada and has a presence in the United States, Europe, and other.
95GF Score

Get the complete analysis for TSX:CGY

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

C$77.67
Price
C$66.24
GF Value