Kinaxis (TSX:KXS) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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.

TSX:KXS Kinaxis Inc TSX:KXS
97 GF Score
Price C$176.73
GF Value C$229.15
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Kinaxis Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinaxis  (TSX:KXS) 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.


Kinaxis Cyclically Adjusted PS Ratio Related Terms


Kinaxis Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kinaxis'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.

Kinaxis Cyclically Adjusted PS Ratio Chart

Kinaxis 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 25.04 16.92 13.81 13.60 11.47

Kinaxis 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 14.31 12.24 11.37 8.74 9.06

TSX:KXS vs CRM, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Kinaxis'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.


Kinaxis Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSX:KXS
97GF Score
Kinaxis Inc TSX:KXS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kinaxis 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.

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

For example, Kinaxis'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)
=7.895/133.5265*133.5265
=7.895

Current CPI (Jun. 2026) = 133.5265.

Kinaxis Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.494 101.765 1.960
201612 1.539 101.449 2.026
201703 1.637 102.634 2.130
201706 1.666 103.029 2.159
201709 1.585 103.345 2.048
201712 1.651 103.345 2.133
201803 1.748 105.004 2.223
201806 1.882 105.557 2.381
201809 1.778 105.636 2.247
201812 1.886 105.399 2.389
201903 2.269 106.979 2.832
201906 2.111 107.690 2.617
201909 2.311 107.611 2.868
201912 2.734 107.769 3.387
202003 2.577 107.927 3.188
202006 3.043 108.401 3.748
202009 2.646 108.164 3.266
202012 2.652 108.559 3.262
202103 2.696 110.298 3.264
202106 2.623 111.720 3.135
202109 2.870 112.905 3.394
202112 3.155 113.774 3.703
202203 4.365 117.646 4.954
202206 3.736 120.806 4.129
202209 4.079 120.648 4.514
202212 4.645 120.964 5.127
202303 4.726 122.702 5.143
202306 5.018 124.203 5.395
202309 4.956 125.230 5.284
202312 5.284 125.072 5.641
202403 5.560 126.258 5.880
202406 5.621 127.522 5.886
202409 5.753 127.285 6.035
202412 6.178 127.364 6.477
202503 6.618 129.181 6.841
202506 6.538 129.892 6.721
202509 6.426 130.287 6.586
202512 7.013 130.366 7.183
202603 8.021 132.262 8.098
202606 7.895 133.527 7.895

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 Kinaxis (TSX:KXS) Overvalued in 2026?

Based on GuruFocus' analysis, Kinaxis stock appears to be undervalued. The current stock price of C$176.73 is trading 22.9% below its estimated GF Value™ of C$229.15. GuruFocus considers Kinaxis to be Modestly Undervalued.

Key valuation signals for TSX:KXS:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: C$229.15 vs. price of C$176.73 (22.9% below fair value)
  • GF Score™: 97/100 with 4 warning signs

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


Kinaxis Business Description

Other Exchanges KXSCF:USA9KX:Germany
Address 3199 Palladium Drive, Ottawa, ON, CAN, K2T 0N9
Kinaxis Inc is a provider of cloud-based subscription software that enables its customers to improve and accelerate analysis and decision-making across their supply chain operations. The company has operations in the United States, Japan, Hong Kong, The Netherlands, South Korea, the United Kingdom, Romania, Mexico, Singapore, France, Ireland, Germany, India, and Canada, and a majority of the revenue comes from the United States.
97GF Score

Get the complete analysis for TSX:KXS

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

C$176.73
Price
C$229.15
GF Value