Asseco South Eastern Europe (WAR:ASE) Cyclically Adjusted PS Ratio: 2.68 (As of Aug. 25, 2026) — 11% Above Median

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.

WAR:ASE Asseco South Eastern Europe SA WAR:ASE
83 GF Score
Price zł78.60
GF Value zł61.63
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Asseco South Eastern Europe Cyclically Adjusted PS Ratio?

Asseco South Eastern Europe WAR:ASE +0.77% 83 Cyclically Adjusted PS Ratio is 2.68 as of Aug. 25, 2026, which is 11% above its 10-year median of 2.42. GuruFocus rates WAR:ASE with a GF Score™ of 83/100 and a GF Value™ of zł61.63 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,591 Software companies, Asseco South Eastern Europe ranks worse than 61.97% on this metric.

As of today (2026-08-25), Asseco South Eastern Europe's current share price is zł78.60. Asseco South Eastern Europe's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was zł29.31. Asseco South Eastern Europe's Cyclically Adjusted PS Ratio for today is 2.68.

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

WAR:ASE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.91   Med: 2.42   Max: 3.7
Current: 2.66

During the past years, Asseco South Eastern Europe's highest Cyclically Adjusted PS Ratio was 3.70. The lowest was 1.91. And the median was 2.42.

WAR:ASE's Cyclically Adjusted PS Ratio is ranked worse than
61.97% of 1591 companies
in the Software industry
Industry Median: 1.67 vs WAR:ASE: 2.66

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.

Asseco South Eastern Europe's adjusted revenue per share data for the three months ended in Jun. 2026 was zł8.403. 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 zł29.31 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asseco South Eastern Europe  (WAR:ASE) 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.


Asseco South Eastern Europe Cyclically Adjusted PS Ratio Related Terms


Asseco South Eastern Europe Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Asseco South Eastern Europe'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.

Asseco South Eastern Europe Cyclically Adjusted PS Ratio Chart

Asseco South Eastern Europe 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 3.48 2.26 2.20 1.95 2.27

Asseco South Eastern Europe 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 2.99 2.50 2.27 2.09 2.03

WAR:ASE vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Asseco South Eastern Europe'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.


Asseco South Eastern Europe Cyclically Adjusted PS Ratio vs Software Industry

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

* The bar in red indicates where Asseco South Eastern Europe's Cyclically Adjusted PS Ratio falls into.


WAR:ASE
83GF Score
Asseco South Eastern Europe SA WAR:ASE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asseco South Eastern Europe 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.

Asseco South Eastern Europe's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=78.60/29.31
=2.68

* 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.

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

For example, Asseco South Eastern Europe'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)
=8.403/162.2800*162.2800
=8.403

Current CPI (Jun. 2026) = 162.2800.

Asseco South Eastern Europe Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.528 99.064 4.141
201612 3.458 100.366 5.591
201703 2.567 101.018 4.124
201706 2.883 101.180 4.624
201709 2.463 101.343 3.944
201712 3.088 102.564 4.886
201803 2.671 102.564 4.226
201806 3.059 103.378 4.802
201809 2.920 103.378 4.584
201812 4.268 103.785 6.674
201903 3.446 104.274 5.363
201906 3.819 105.983 5.848
201909 4.409 105.983 6.751
201912 5.310 107.123 8.044
202003 4.451 109.076 6.622
202006 4.497 109.402 6.671
202009 4.384 109.320 6.508
202012 6.449 109.565 9.552
202103 4.871 112.658 7.017
202106 5.260 113.960 7.490
202109 5.093 115.588 7.150
202112 6.871 119.088 9.363
202203 6.006 125.031 7.795
202206 6.734 131.705 8.297
202209 8.084 135.531 9.679
202212 9.344 139.113 10.900
202303 7.324 145.950 8.143
202306 7.236 147.009 7.988
202309 7.676 146.113 8.525
202312 9.415 147.741 10.342
202403 7.073 149.044 7.701
202406 7.662 150.997 8.235
202409 8.571 153.439 9.065
202412 9.610 154.660 10.083
202503 7.714 157.021 7.972
202506 8.217 157.509 8.466
202509 8.424 158.000 8.652
202512 10.305 158.320 10.563
202603 8.374 163.070 8.333
202606 8.403 162.280 8.403

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 2.68 mean?
Asseco South Eastern Europe (WAR:ASE) has a Cyclically Adjusted PS Ratio of 2.68 as of Aug. 25, 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 Asseco South Eastern Europe and its competitors. This is 11% above median its historical median of 2.42. Over the past decade, Asseco South Eastern Europe's Cyclically Adjusted PS Ratio has ranged from 1.91 to 3.70. According to the industry distribution chart, Asseco South Eastern Europe ranks #986 out of 1591 companies in the Software industry, placing it in the top 62%.
Is Asseco South Eastern Europe's Cyclically Adjusted PS Ratio too high?
Asseco South Eastern Europe's current Cyclically Adjusted PS Ratio of 2.68 is 11% above median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 1.91 to a high of 3.70. The Software industry median Cyclically Adjusted PS Ratio is 1.67. Asseco South Eastern Europe's value of 2.68 is 60.5% above this industry median. Based on the distribution chart, Asseco South Eastern Europe ranks #986 out of 1591 companies in the Software industry, which is below the industry midpoint. Overall, Asseco South Eastern Europe has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asseco South Eastern Europe's Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Asseco South Eastern Europe ranks #986 out of 1591 companies for Cyclically Adjusted PS Ratio. This places Asseco South Eastern Europe in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.67. Asseco South Eastern Europe's value of 2.68 is 60.5% above this benchmark. Historically, Asseco South Eastern Europe's own Cyclically Adjusted PS Ratio has ranged from 1.91 to 3.70 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 1.67, Asseco South Eastern Europe 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.67, based on 1,591 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. Asseco South Eastern Europe's current Cyclically Adjusted PS Ratio of 2.68 is 60.5% 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 Asseco South Eastern Europe and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asseco South Eastern Europe's current Cyclically Adjusted PS Ratio is 2.68, which is 11% above median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asseco South Eastern Europe stock overvalued right now?
Based on GuruFocus' analysis, Asseco South Eastern Europe (WAR:ASE) is currently considered Modestly Overvalued. The stock's GF Value™ is zł61.63, compared to a current price of zł78.60 — trading 27.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.68, which is 11% above median its 10-year median of 2.42 and 60.5% above the Software industry median of 1.67. Asseco South Eastern Europe's overall GF Score™ is 83/100 with 9 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 Asseco South Eastern Europe (WAR:ASE), the current Cyclically Adjusted PS Ratio is 2.68 as of Aug. 25, 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 Asseco South Eastern Europe (WAR:ASE) Overvalued in 2026?

Based on GuruFocus' analysis, Asseco South Eastern Europe stock appears to be overvalued. The current stock price of zł78.60 is trading 27.5% above its estimated GF Value™ of zł61.63. GuruFocus considers Asseco South Eastern Europe to be Modestly Overvalued.

Key valuation signals for WAR:ASE:

  • Cyclically Adjusted PS Ratio: 2.68 (11% above median its 10-year median of 2.42)
  • GF Value™: zł61.63 vs. price of zł78.60 (27.5% above fair value)
  • GF Score™: 83/100 with 9 warning signs
  • Industry Position: 60.5% above the Software median (#986 of 1591)

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


Asseco South Eastern Europe Business Description

Address ul. Branickiego 13, Warszawa, POL, 02-972
Asseco South Eastern Europe SA along with its subsidiaries provides implementation, integration and outsourcing services. It conducts business operations in the markets of Poland, South Eastern Europe, and Turkey. Its business is divided into three operating segments. Banking Solutions segment deals with integrated banking systems based on the Oracle and Microsoft platforms, including primarily core banking systems. Payment Solutions is engaged in the sale and maintenance of ATMs and POS terminals (point of sale) as well as in the provision of related support services. Systems Integration segment is engaged in the development of customized IT systems, integration of third-party software and elements of infrastructure, as well as in the sale and installation of hardware solutions.
83GF Score

Get the complete analysis for WAR:ASE

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

zł78.60
Price
zł61.63
GF Value