Atrem (WAR:ATR) Cyclically Adjusted PS Ratio: (As of Aug. 31, 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.

WAR:ATR Atrem SA WAR:ATR
68 GF Score
Price zł56.30
GF Value zł32.14
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Atrem Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Atrem  (WAR:ATR) 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.


Atrem Cyclically Adjusted PS Ratio Related Terms


Atrem Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Atrem'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.

Atrem Cyclically Adjusted PS Ratio Chart

Atrem 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 0.18 0.23 0.41 1.01 3.16

Atrem 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 1.95 2.59 3.16 2.49 0.00

WAR:ATR vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Atrem'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.


Atrem Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Atrem's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:ATR
68GF Score
Atrem SA WAR:ATR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atrem 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.

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

For example, Atrem'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)
=8.954/162.2800*162.2800
=8.954

Current CPI (Jun. 2026) = 162.2800.

Atrem Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.470 99.064 4.046
201612 2.711 100.366 4.383
201703 1.259 101.018 2.023
201706 1.731 101.180 2.776
201709 2.601 101.343 4.165
201712 2.815 102.564 4.454
201803 3.244 102.564 5.133
201806 2.969 103.378 4.661
201809 3.732 103.378 5.858
201812 4.432 103.785 6.930
201903 3.035 104.274 4.723
201906 3.546 105.983 5.430
201909 3.035 105.983 4.647
201912 3.231 107.123 4.895
202003 1.871 109.076 2.784
202006 2.038 109.402 3.023
202009 1.748 109.320 2.595
202012 3.746 109.565 5.548
202103 1.798 112.658 2.590
202106 2.506 113.960 3.569
202109 3.267 115.588 4.587
202112 3.211 119.088 4.376
202203 3.424 125.031 4.444
202206 3.636 131.705 4.480
202209 2.476 135.531 2.965
202212 2.372 139.113 2.767
202303 2.011 145.950 2.236
202306 3.344 147.009 3.691
202309 4.757 146.113 5.283
202312 5.003 147.741 5.495
202403 3.533 149.044 3.847
202406 4.534 150.997 4.873
202409 5.353 153.439 5.661
202412 7.020 154.660 7.366
202503 4.582 157.021 4.735
202506 6.458 157.509 6.654
202509 9.710 158.000 9.973
202512 12.925 158.320 13.248
202603 6.706 163.070 6.674
202606 8.954 162.280 8.954

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 Atrem (WAR:ATR) Overvalued in 2026?

Based on GuruFocus' analysis, Atrem stock appears to be overvalued. The current stock price of zł56.30 is trading 75.2% above its estimated GF Value™ of zł32.14. GuruFocus considers Atrem to be Significantly Overvalued.

Key valuation signals for WAR:ATR:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: zł32.14 vs. price of zł56.30 (75.2% above fair value)
  • GF Score™: 68/100 with 1 warning sign

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


Atrem Business Description

Other Exchanges HK0:Germany
Address ul. Czolgowa 4, Zlotniki, Suchy Las, POL, 62-002
Atrem SA is engaged in the provision of engineering services. The company provides services to industrial automation, telecommunications, IT, air conditioning and the construction of the airport and logistic systems. It performs both as a general contractor of the investment as well as a subcontractor. The company operates in approximately 5 countries.
68GF Score

Get the complete analysis for WAR:ATR

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

zł56.30
Price
zł32.14
GF Value