Enablence Technologies (TSXV:ENA) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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Charlie Tian
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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.

TSXV:ENA Enablence Technologies Inc TSXV:ENA
29 GF Score
Price C$7.11
GF Value C$4.08
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Enablence Technologies Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Enablence Technologies  (TSXV:ENA) 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.


Enablence Technologies Cyclically Adjusted PS Ratio Related Terms


Enablence Technologies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Enablence Technologies'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.

Enablence Technologies Cyclically Adjusted PS Ratio Chart

Enablence Technologies Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.41 1.38 2.21 2.00

Enablence Technologies 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 2.60 1.93 2.10 3.07 6.03

TSXV:ENA vs CSCO, MSI, LITE: Cyclically Adjusted PS Ratio Comparison

For the Communication Equipment subindustry, Enablence Technologies'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.


Enablence Technologies Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TSXV:ENA
29GF Score
Enablence Technologies Inc TSXV:ENA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enablence Technologies 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.

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

For example, Enablence Technologies'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)
=0.161/132.2623*132.2623
=0.161

Current CPI (Mar. 2026) = 132.2623.

Enablence Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.266 102.002 0.345
201609 0.168 101.765 0.218
201612 0.287 101.449 0.374
201703 0.209 102.634 0.269
201706 0.338 103.029 0.434
201709 0.466 103.345 0.596
201712 0.302 103.345 0.387
201803 0.042 105.004 0.053
201806 0.014 105.557 0.018
201809 0.037 105.636 0.046
201812 0.022 105.399 0.028
201903 0.125 106.979 0.155
201906 0.171 107.690 0.210
201909 0.069 107.611 0.085
201912 0.057 107.769 0.070
202003 0.055 107.927 0.067
202006 0.095 108.401 0.116
202009 0.135 108.164 0.165
202012 0.166 108.559 0.202
202103 0.165 110.298 0.198
202106 0.138 111.720 0.163
202109 0.117 112.905 0.137
202112 0.084 113.774 0.098
202203 0.059 117.646 0.066
202206 0.037 120.806 0.041
202209 0.039 120.648 0.043
202212 0.031 120.964 0.034
202303 0.036 122.702 0.039
202306 0.036 124.203 0.038
202309 0.016 125.230 0.017
202312 0.025 125.072 0.026
202403 0.030 126.258 0.031
202406 0.045 127.522 0.047
202409 0.089 127.285 0.092
202412 0.101 127.364 0.105
202503 0.093 129.181 0.095
202506 0.138 129.892 0.141
202509 0.055 130.287 0.056
202512 0.156 130.366 0.158
202603 0.161 132.262 0.161

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 Enablence Technologies (TSXV:ENA) Overvalued in 2026?

Based on GuruFocus' analysis, Enablence Technologies stock appears to be overvalued. The current stock price of C$7.11 is trading 74.3% above its estimated GF Value™ of C$4.08. GuruFocus considers Enablence Technologies to be Significantly Overvalued.

Key valuation signals for TSXV:ENA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: C$4.08 vs. price of C$7.11 (74.3% above fair value)
  • GF Score™: 29/100 with 6 warning signs

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


Enablence Technologies Business Description

Other Exchanges ENAFF:USAOA8:Germany
Address 390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7
Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a world-wide customer base, focused on data centres end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headset.
29GF Score

Get the complete analysis for TSXV:ENA

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

C$7.11
Price
C$4.08
GF Value