Spartan Delta (TSX:SDE) 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:SDE Spartan Delta Corp TSX:SDE
52 GF Score
Price C$13.44
GF Value C$5.08
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Spartan Delta Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Spartan Delta  (TSX:SDE) 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.


Spartan Delta Cyclically Adjusted PS Ratio Related Terms


Spartan Delta Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Spartan Delta'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.

Spartan Delta Cyclically Adjusted PS Ratio Chart

Spartan Delta 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 0.82 2.72 0.91 1.01 1.99

Spartan Delta 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 1.05 1.48 1.96 3.40 2.91

TSX:SDE vs COP, EOG, OXY: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, Spartan Delta'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.


Spartan Delta Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Spartan Delta's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:SDE
52GF Score
Spartan Delta Corp TSX:SDE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spartan Delta 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.

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

For example, Spartan Delta'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)
=0.786/133.5265*133.5265
=0.786

Current CPI (Jun. 2026) = 133.5265.

Spartan Delta Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.039 101.765 0.051
201612 3.746 101.449 4.930
201703 2.020 102.634 2.628
201706 1.428 103.029 1.851
201709 1.011 103.345 1.306
201712 0.908 103.345 1.173
201803 0.463 105.004 0.589
201806 0.559 105.557 0.707
201809 0.506 105.636 0.640
201812 0.312 105.399 0.395
201903 0.479 106.979 0.598
201906 0.323 107.690 0.400
201909 0.264 107.611 0.328
201912 0.102 107.769 0.126
202003 0.016 107.927 0.020
202006 0.242 108.401 0.298
202009 0.637 108.164 0.786
202012 0.610 108.559 0.750
202103 0.764 110.298 0.925
202106 0.694 111.720 0.829
202109 0.920 112.905 1.088
202112 1.579 113.774 1.853
202203 1.722 117.646 1.954
202206 2.203 120.806 2.435
202209 1.825 120.648 2.020
202212 1.830 120.964 2.020
202303 1.621 122.702 1.764
202306 0.903 124.203 0.971
202309 0.419 125.230 0.447
202312 0.446 125.072 0.476
202403 0.438 126.258 0.463
202406 0.378 127.522 0.396
202409 0.322 127.285 0.338
202412 0.435 127.364 0.456
202503 0.429 129.181 0.443
202506 0.393 129.892 0.404
202509 0.400 130.287 0.410
202512 0.612 130.366 0.627
202603 0.680 132.262 0.686
202606 0.786 133.527 0.786

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 Spartan Delta (TSX:SDE) Overvalued in 2026?

Based on GuruFocus' analysis, Spartan Delta stock appears to be overvalued. The current stock price of C$13.44 is trading 164.6% above its estimated GF Value™ of C$5.08. GuruFocus considers Spartan Delta to be Significantly Overvalued.

Key valuation signals for TSX:SDE:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: C$5.08 vs. price of C$13.44 (164.6% above fair value)
  • GF Score™: 52/100 with 5 warning signs

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


Spartan Delta Business Description

Industry EnergyOil & Gas
Other Exchanges DALXF:USA4YJ0:Germany
Address 350 - 7 th Avenue SW, Suite 1400, First Canadian Centre, Calgary, AB, CAN, T2P 3N9
Spartan Delta Corp is an oil and gas exploration and production company. The company is engaged in the exploration, development, and production of crude oil and natural gas properties in western Canada. The company operates and focuses its activities in west central Alberta, the Deep Basin and in the West Shale Basin Duvernay. It is a differentiated energy company whose ESG-focused culture is centered on generating sustainable free cash flow through oil and gas exploration and development.
52GF Score

Get the complete analysis for TSX:SDE

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

C$13.44
Price
C$5.08
GF Value