Stingray Group (TSX:RAY) Cyclically Adjusted PS Ratio: 3.29 (As of Jul. 14, 2026) — 45% Above Median

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TSX:RAY Stingray Group Inc TSX:RAY
74 GF Score
Price C$15.25
GF Value C$11.71
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Stingray Group Cyclically Adjusted PS Ratio?

Stingray Group TSX:RAY -1.10% 74 Cyclically Adjusted PS Ratio is 3.29 as of Jul. 14, 2026, which is 45% above its 10-year median of 2.27. GuruFocus rates TSX:RAY with a GF Score™ of 74/100 and a GF Value™ of C$11.71 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 736 Media - Diversified companies, Stingray Group ranks worse than 86.55% on this metric.

As of today (2026-07-14), Stingray Group's current share price is C$15.25. Stingray Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$4.63. Stingray Group's Cyclically Adjusted PS Ratio for today is 3.29.

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

TSX:RAY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.82   Med: 2.27   Max: 3.87
Current: 3.33

During the past years, Stingray Group's highest Cyclically Adjusted PS Ratio was 3.87. The lowest was 1.82. And the median was 2.27.

TSX:RAY's Cyclically Adjusted PS Ratio is ranked worse than
86.55% of 736 companies
in the Media - Diversified industry
Industry Median: 0.79 vs TSX:RAY: 3.33

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.

Stingray Group's adjusted revenue per share data for the three months ended in Mar. 2026 was C$2.025. 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$4.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Stingray Group  (TSX:RAY) 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.


Stingray Group Cyclically Adjusted PS Ratio Related Terms


Stingray Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Stingray 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.

Stingray Group Cyclically Adjusted PS Ratio Chart

Stingray Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.11 2.19 3.11

Stingray 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 2.19 2.41 2.42 3.26 3.11

TSX:RAY vs NXST: Cyclically Adjusted PS Ratio Comparison

For the Broadcasting subindustry, Stingray 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.


Stingray Group Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Stingray Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:RAY
74GF Score
Stingray Group Inc TSX:RAY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Stingray 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.25/4.63
=3.29

* 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.

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

For example, Stingray 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)
=2.025/132.2623*132.2623
=2.025

Current CPI (Mar. 2026) = 132.2623.

Stingray Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.476 102.002 0.617
201609 0.475 101.765 0.617
201612 0.502 101.449 0.654
201703 0.512 102.634 0.660
201706 0.572 103.029 0.734
201709 0.602 103.345 0.770
201712 0.633 103.345 0.810
201803 0.600 105.004 0.756
201806 0.605 105.557 0.758
201809 0.610 105.636 0.764
201812 1.004 105.399 1.260
201903 0.957 106.979 1.183
201906 1.053 107.690 1.293
201909 0.999 107.611 1.228
201912 1.068 107.769 1.311
202003 0.915 107.927 1.121
202006 0.710 108.401 0.866
202009 0.872 108.164 1.066
202012 0.985 108.559 1.200
202103 0.806 110.298 0.967
202106 0.888 111.720 1.051
202109 0.982 112.905 1.150
202112 1.057 113.774 1.229
202203 1.028 117.646 1.156
202206 1.112 120.806 1.217
202209 1.109 120.648 1.216
202212 1.281 120.964 1.401
202303 1.136 122.702 1.225
202306 1.138 124.203 1.212
202309 1.190 125.230 1.257
202312 1.452 125.072 1.535
202403 1.216 126.258 1.274
202406 1.287 127.522 1.335
202409 1.349 127.285 1.402
202412 1.574 127.364 1.635
202503 1.410 129.181 1.444
202506 1.391 129.892 1.416
202509 1.650 130.287 1.675
202512 1.808 130.366 1.834
202603 2.025 132.262 2.025

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 3.29 mean?
Stingray Group (TSX:RAY) has a Cyclically Adjusted PS Ratio of 3.29 as of Jul. 14, 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 Stingray Group and its competitors. This is 45% above median its historical median of 2.27. Over the past decade, Stingray Group's Cyclically Adjusted PS Ratio has ranged from 1.82 to 3.87. According to the industry distribution chart, Stingray Group ranks #637 out of 736 companies in the Media - Diversified industry, placing it in the top 86.5%.
Is Stingray Group's Cyclically Adjusted PS Ratio too high?
Stingray Group's current Cyclically Adjusted PS Ratio of 3.29 is 45% above median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 3.87. The Media - Diversified industry median Cyclically Adjusted PS Ratio is 0.79. Stingray Group's value of 3.29 is 316.5% above this industry median. Based on the distribution chart, Stingray Group ranks #637 out of 736 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Stingray Group has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Stingray Group's Cyclically Adjusted PS Ratio compare to NXST?
According to the Media - Diversified industry distribution chart, Stingray Group ranks #637 out of 736 companies for Cyclically Adjusted PS Ratio. This places Stingray Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.79. Stingray Group's value of 3.29 is 316.5% above this benchmark. Historically, Stingray Group's own Cyclically Adjusted PS Ratio has ranged from 1.82 to 3.87 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 0.79, Stingray 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 Media - Diversified company?
The median Cyclically Adjusted PS Ratio among Media - Diversified companies is 0.79, based on 736 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. Stingray Group's current Cyclically Adjusted PS Ratio of 3.29 is 316.5% 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 Stingray Group and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PS Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stingray Group's current Cyclically Adjusted PS Ratio is 3.29, which is 45% above median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stingray Group stock overvalued right now?
Based on GuruFocus' analysis, Stingray Group (TSX:RAY) is currently considered Modestly Overvalued. The stock's GF Value™ is C$11.71, compared to a current price of C$15.25 — trading 30.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.29, which is 45% above median its 10-year median of 2.27 and 316.5% above the Media - Diversified industry median of 0.79. Stingray Group's overall GF Score™ is 74/100 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 Stingray Group (TSX:RAY), the current Cyclically Adjusted PS Ratio is 3.29 as of Jul. 14, 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 Stingray Group (TSX:RAY) Overvalued in 2026?

Based on GuruFocus' analysis, Stingray Group stock appears to be overvalued. The current stock price of C$15.25 is trading 30.2% above its estimated GF Value™ of C$11.71. GuruFocus considers Stingray Group to be Modestly Overvalued.

Key valuation signals for TSX:RAY:

  • Cyclically Adjusted PS Ratio: 3.29 (45% above median its 10-year median of 2.27)
  • GF Value™: C$11.71 vs. price of C$15.25 (30.2% above fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 316.5% above the Media - Diversified median (#637 of 736)

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


Stingray Group Business Description

Address 730 Wellington Street, Montreal, QC, CAN, H3C 1T4
Stingray Group Inc is a provider of multi-platform music services. It broadcasts music and video content on several platforms, including radio stations, premium television channels, digital TV, satellite TV, IPTV, the Internet, mobile devices, and game consoles. The company's reportable segments are: Broadcasting and commercial music, Radio, and Corporate and eliminations. The maximum revenue is generated from its Broadcasting and commercial music segment, which specializes in the broadcast of music and videos on multiple platforms and digital signage experiences and generates revenues from subscriptions or contracts. Geographically, the company derives its key revenue from Canada and the rest from the United States and other countries.
74GF Score

Get the complete analysis for TSX:RAY

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

C$15.25
Price
C$11.71
GF Value