EQ (TSXV:EQ) Cyclically Adjusted PS Ratio: 4.80 (As of Aug. 10, 2026) — 39% Above Median

Author: 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
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.

TSXV:EQ EQ Inc TSXV:EQ
47 GF Score
Price C$0.96
GF Value C$1.05
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is EQ Cyclically Adjusted PS Ratio?

EQ TSXV:EQ 47 Cyclically Adjusted PS Ratio is 4.80 as of Aug. 10, 2026, which is 39% above its 10-year median of 3.46. GuruFocus rates TSXV:EQ with a GF Score™ of 47/100 and a GF Value™ of C$1.05 (Fairly Valued). The stock has 6 warning signs investors should review. Among 738 Media - Diversified companies, EQ ranks worse than 91.73% on this metric.

As of today (2026-08-10), EQ's current share price is C$0.96. EQ's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$0.20. EQ's Cyclically Adjusted PS Ratio for today is 4.80.

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

TSXV:EQ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 3.46   Max: 5.41
Current: 4.83

During the past years, EQ's highest Cyclically Adjusted PS Ratio was 5.41. The lowest was 0.01. And the median was 3.46.

TSXV:EQ's Cyclically Adjusted PS Ratio is ranked worse than
91.73% of 738 companies
in the Media - Diversified industry
Industry Median: 0.79 vs TSXV:EQ: 4.83

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.

EQ's adjusted revenue per share data for the three months ended in Mar. 2026 was C$0.027. 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$0.20 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


EQ  (TSXV:EQ) 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.


EQ Cyclically Adjusted PS Ratio Related Terms


EQ Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for EQ'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.

EQ Cyclically Adjusted PS Ratio Chart

EQ 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 3.52 4.38 3.44 5.01 4.87

EQ 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 4.87 4.69 4.77 4.87 4.78

TSXV:EQ vs APP, OMC, TTD: Cyclically Adjusted PS Ratio Comparison

For the Advertising Agencies subindustry, EQ'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.


EQ Cyclically Adjusted PS Ratio vs Media - Diversified Industry

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

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


TSXV:EQ
47GF Score
EQ Inc TSXV:EQ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EQ 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.

EQ's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.96/0.20
=4.80

* 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.

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

For example, EQ'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)
=0.027/132.2623*132.2623
=0.027

Current CPI (Mar. 2026) = 132.2623.

EQ Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.046 102.002 0.060
201609 0.046 101.765 0.060
201612 0.063 101.449 0.082
201703 0.056 102.634 0.072
201706 0.067 103.029 0.086
201709 0.058 103.345 0.074
201712 0.055 103.345 0.070
201803 0.025 105.004 0.031
201806 0.033 105.557 0.041
201809 0.034 105.636 0.043
201812 0.052 105.399 0.065
201903 0.029 106.979 0.036
201906 0.046 107.690 0.056
201909 0.051 107.611 0.063
201912 0.058 107.769 0.071
202003 0.040 107.927 0.049
202006 0.031 108.401 0.038
202009 0.048 108.164 0.059
202012 0.062 108.559 0.076
202103 0.027 110.298 0.032
202106 0.044 111.720 0.052
202109 0.045 112.905 0.053
202112 0.061 113.774 0.071
202203 0.039 117.646 0.044
202206 0.047 120.806 0.051
202209 0.030 120.648 0.033
202212 0.042 120.964 0.046
202303 0.024 122.702 0.026
202306 0.037 124.203 0.039
202309 0.038 125.230 0.040
202312 0.045 125.072 0.048
202403 0.022 126.258 0.023
202406 0.037 127.522 0.038
202409 0.035 127.285 0.036
202412 0.047 127.364 0.049
202503 0.021 129.181 0.022
202506 0.044 129.892 0.045
202509 0.035 130.287 0.036
202512 0.045 130.366 0.046
202603 0.027 132.262 0.027

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 4.80 mean?
EQ (TSXV:EQ) has a Cyclically Adjusted PS Ratio of 4.80 as of Aug. 10, 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 EQ and its competitors. This is 39% above median its historical median of 3.46. Over the past decade, EQ's Cyclically Adjusted PS Ratio has ranged from 0.01 to 5.41. According to the industry distribution chart, EQ ranks #677 out of 738 companies in the Media - Diversified industry, placing it in the top 91.7%.
Is EQ's Cyclically Adjusted PS Ratio too high?
EQ's current Cyclically Adjusted PS Ratio of 4.80 is 39% above median its 10-year median of 3.46. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 5.41. The Media - Diversified industry median Cyclically Adjusted PS Ratio is 0.79. EQ's value of 4.80 is 507.6% above this industry median. Based on the distribution chart, EQ ranks #677 out of 738 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, EQ has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does EQ's Cyclically Adjusted PS Ratio compare to APP and OMC?
According to the Media - Diversified industry distribution chart, EQ ranks #677 out of 738 companies for Cyclically Adjusted PS Ratio. This places EQ in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.79. EQ's value of 4.80 is 507.6% above this benchmark. Historically, EQ's own Cyclically Adjusted PS Ratio has ranged from 0.01 to 5.41 over the past decade. While the company's 10-year median is 3.46 vs. the industry median of 0.79, EQ 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 738 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. EQ's current Cyclically Adjusted PS Ratio of 4.80 is 507.6% 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 EQ 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. EQ's current Cyclically Adjusted PS Ratio is 4.80, which is 39% above median its own 10-year median of 3.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EQ stock overvalued right now?
Based on GuruFocus' analysis, EQ (TSXV:EQ) is currently considered Fairly Valued. The stock's GF Value™ is C$1.05, compared to a current price of C$0.96 — trading 8.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.80, which is 39% above median its 10-year median of 3.46 and 507.6% above the Media - Diversified industry median of 0.79. EQ's overall GF Score™ is 47/100 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 EQ (TSXV:EQ), the current Cyclically Adjusted PS Ratio is 4.80 as of Aug. 10, 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 EQ (TSXV:EQ) Overvalued in 2026?

Based on GuruFocus' analysis, EQ stock appears to be undervalued. The current stock price of C$0.96 is trading 8.6% below its estimated GF Value™ of C$1.05. GuruFocus considers EQ to be Fairly Valued.

Key valuation signals for TSXV:EQ:

  • Cyclically Adjusted PS Ratio: 4.80 (39% above median its 10-year median of 3.46)
  • GF Value™: C$1.05 vs. price of C$0.96 (8.6% below fair value)
  • GF Score™: 47/100 with 6 warning signs
  • Industry Position: 507.6% above the Media - Diversified median (#677 of 738)

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


EQ Business Description

Address 2 Bloor Street West, Suite 700, Toronto, ON, CAN, M4W 3E2
EQ Inc is a provider of digital marketing services. The company operates in a single segment, which is to provide real-time technology and analytics to improve performance for web, mobile, social, and video advertising initiatives, and focuses on targeted advertising and incorporates advertising technologies, data analytics, and programmatic media buying capabilities into a single system. The company generates the highest revenue from Advertising Services, followed by Data sales, which includes Fixed fee, Variable CPM, and License.
47GF Score

Get the complete analysis for TSXV:EQ

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

C$0.96
Price
C$1.05
GF Value