Benefit Systems (WAR:BFT) Cyclically Adjusted PS Ratio: 6.09 (As of Jul. 26, 2026) — 102% 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:BFT Benefit Systems SA WAR:BFT
91 GF Score
Price zł5,145.00
GF Value zł4,106.57
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Benefit Systems Cyclically Adjusted PS Ratio?

Benefit Systems WAR:BFT -0.58% 91 Cyclically Adjusted PS Ratio is 6.09 as of Jul. 26, 2026, which is 102% above its 10-year median of 3.02. GuruFocus rates WAR:BFT with a GF Score™ of 91/100 and a GF Value™ of zł4,106.57 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 671 Travel & Leisure companies, Benefit Systems ranks worse than 89.42% on this metric.

As of today (2026-07-26), Benefit Systems's current share price is zł5145.00. Benefit Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł845.04. Benefit Systems's Cyclically Adjusted PS Ratio for today is 6.09.

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

WAR:BFT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.22   Med: 3.02   Max: 6.22
Current: 6.09

During the past years, Benefit Systems's highest Cyclically Adjusted PS Ratio was 6.22. The lowest was 1.22. And the median was 3.02.

WAR:BFT's Cyclically Adjusted PS Ratio is ranked worse than
89.42% of 671 companies
in the Travel & Leisure industry
Industry Median: 1.28 vs WAR:BFT: 6.09

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.

Benefit Systems's adjusted revenue per share data for the three months ended in Mar. 2026 was zł419.368. 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 zł845.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Benefit Systems  (WAR:BFT) 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.


Benefit Systems Cyclically Adjusted PS Ratio Related Terms


Benefit Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Benefit Systems'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.

Benefit Systems Cyclically Adjusted PS Ratio Chart

Benefit Systems 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 1.85 1.64 3.53 4.33 4.44

Benefit Systems 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 4.11 4.35 4.00 4.44 4.13

WAR:BFT vs AS, HAS, LTH: Cyclically Adjusted PS Ratio Comparison

For the Leisure subindustry, Benefit Systems'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.


Benefit Systems Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Benefit Systems's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:BFT
91GF Score
Benefit Systems SA WAR:BFT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Benefit Systems 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.

Benefit Systems's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5145.00/845.04
=6.09

* 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.

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

For example, Benefit Systems'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)
=419.368/163.0700*163.0700
=419.368

Current CPI (Mar. 2026) = 163.0700.

Benefit Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 72.127 99.552 118.146
201609 73.027 99.064 120.210
201612 78.381 100.366 127.349
201703 83.465 101.018 134.735
201706 93.589 101.180 150.835
201709 94.090 101.343 151.399
201712 98.611 102.564 156.785
201803 104.609 102.564 166.321
201806 105.385 103.378 166.236
201809 106.297 103.378 167.674
201812 113.402 103.785 178.180
201903 123.282 104.274 192.797
201906 133.208 105.983 204.960
201909 137.221 105.983 211.134
201912 153.065 107.123 233.007
202003 139.078 109.076 207.923
202006 58.881 109.402 87.766
202009 114.377 109.320 170.613
202012 62.210 109.565 92.590
202103 35.284 112.658 51.073
202106 65.043 113.960 93.073
202109 102.714 115.588 144.907
202112 129.573 119.088 177.427
202203 136.958 125.031 178.626
202206 156.648 131.705 193.953
202209 165.448 135.531 199.066
202212 191.635 139.113 224.637
202303 212.981 145.950 237.963
202306 237.727 147.009 263.700
202309 236.495 146.113 263.941
202312 256.855 147.741 283.505
202403 270.645 149.044 296.115
202406 285.591 150.997 308.425
202409 282.605 153.439 300.343
202412 306.474 154.660 323.139
202503 317.649 157.021 329.886
202506 333.938 157.509 345.728
202509 361.472 158.000 373.071
202512 392.031 158.320 403.793
202603 419.368 163.070 419.368

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 6.09 mean?
Benefit Systems (WAR:BFT) has a Cyclically Adjusted PS Ratio of 6.09 as of Jul. 26, 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 Benefit Systems and its competitors. This is 102% above median its historical median of 3.02. Over the past decade, Benefit Systems' Cyclically Adjusted PS Ratio has ranged from 1.22 to 6.22. According to the industry distribution chart, Benefit Systems ranks #600 out of 671 companies in the Travel & Leisure industry, placing it in the top 89.4%.
Is Benefit Systems' Cyclically Adjusted PS Ratio too high?
Benefit Systems' current Cyclically Adjusted PS Ratio of 6.09 is 102% above median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 6.22. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.28. Benefit Systems' value of 6.09 is 375.8% above this industry median. Based on the distribution chart, Benefit Systems ranks #600 out of 671 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Benefit Systems has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benefit Systems' Cyclically Adjusted PS Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Benefit Systems ranks #600 out of 671 companies for Cyclically Adjusted PS Ratio. This places Benefit Systems in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.28. Benefit Systems' value of 6.09 is 375.8% above this benchmark. Historically, Benefit Systems' own Cyclically Adjusted PS Ratio has ranged from 1.22 to 6.22 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 1.28, Benefit Systems 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.28, based on 671 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. Benefit Systems's current Cyclically Adjusted PS Ratio of 6.09 is 375.8% 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 Benefit Systems and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Benefit Systems's current Cyclically Adjusted PS Ratio is 6.09, which is 102% above median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benefit Systems stock overvalued right now?
Based on GuruFocus' analysis, Benefit Systems (WAR:BFT) is currently considered Modestly Overvalued. The stock's GF Value™ is zł4,106.57, compared to a current price of zł5,145.00 — trading 25.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.09, which is 102% above median its 10-year median of 3.02 and 375.8% above the Travel & Leisure industry median of 1.28. Benefit Systems' overall GF Score™ is 91/100 with 5 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 Benefit Systems (WAR:BFT), the current Cyclically Adjusted PS Ratio is 6.09 as of Jul. 26, 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 Benefit Systems (WAR:BFT) Overvalued in 2026?

Based on GuruFocus' analysis, Benefit Systems stock appears to be overvalued. The current stock price of zł5,145.00 is trading 25.3% above its estimated GF Value™ of zł4,106.57. GuruFocus considers Benefit Systems to be Modestly Overvalued.

Key valuation signals for WAR:BFT:

  • Cyclically Adjusted PS Ratio: 6.09 (102% above median its 10-year median of 3.02)
  • GF Value™: zł4,106.57 vs. price of zł5,145.00 (25.3% above fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 375.8% above the Travel & Leisure median (#600 of 671)

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


Benefit Systems Business Description

Other Exchanges 0Q3J:UK3ZV:Germany
Address European Square 2, Warsaw, POL, 00-844
Benefit Systems SA is Poland based company which is engaged in providing work benefits in the area of sport, recreations, culture and entertainment. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities as well as Mybenefit, Benefitlunch, Multibilet, Multikafeteria and others.
91GF Score

Get the complete analysis for WAR:BFT

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

zł5,145.00
Price
zł4,106.57
GF Value