Digital Network (WAR:DIG) Cyclically Adjusted PS Ratio: 16.98 (As of Jul. 25, 2026) — 1403% 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:DIG Digital Network SA WAR:DIG
79 GF Score
Price zł296.80
GF Value zł143.36
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Digital Network Cyclically Adjusted PS Ratio?

Digital Network WAR:DIG -0.07% 79 Cyclically Adjusted PS Ratio is 16.98 as of Jul. 25, 2026, which is 1403% above its 10-year median of 1.13. GuruFocus rates WAR:DIG with a GF Score™ of 79/100 and a GF Value™ of zł143.36 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 732 Media - Diversified companies, Digital Network ranks worse than 98.36% on this metric.

As of today (2026-07-25), Digital Network's current share price is zł296.80. Digital Network's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł17.48. Digital Network's Cyclically Adjusted PS Ratio for today is 16.98.

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

WAR:DIG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.13   Max: 17.55
Current: 16.98

During the past years, Digital Network's highest Cyclically Adjusted PS Ratio was 17.55. The lowest was 0.42. And the median was 1.13.

WAR:DIG's Cyclically Adjusted PS Ratio is ranked worse than
98.36% of 732 companies
in the Media - Diversified industry
Industry Median: 0.79 vs WAR:DIG: 16.98

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.

Digital Network's adjusted revenue per share data for the three months ended in Mar. 2026 was zł9.552. 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 zł17.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital Network  (WAR:DIG) 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.


Digital Network Cyclically Adjusted PS Ratio Related Terms


Digital Network Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Digital Network'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.

Digital Network Cyclically Adjusted PS Ratio Chart

Digital Network 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 0.78 1.14 2.43 3.77 10.00

Digital Network 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 4.00 5.43 6.21 10.00 9.31

WAR:DIG vs NXST: Cyclically Adjusted PS Ratio Comparison

For the Broadcasting subindustry, Digital Network'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.


Digital Network Cyclically Adjusted PS Ratio vs Media - Diversified Industry

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

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


WAR:DIG
79GF Score
Digital Network SA WAR:DIG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Digital Network 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.

Digital Network's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=296.80/17.48
=16.98

* 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.

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

For example, Digital Network'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)
=9.552/163.0700*163.0700
=9.552

Current CPI (Mar. 2026) = 163.0700.

Digital Network Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.340 99.552 3.833
201609 2.032 99.064 3.345
201612 2.846 100.366 4.624
201703 2.362 101.018 3.813
201706 3.251 101.180 5.240
201709 2.428 101.343 3.907
201712 4.096 102.564 6.512
201803 2.800 102.564 4.452
201806 3.697 103.378 5.832
201809 3.158 103.378 4.981
201812 4.762 103.785 7.482
201903 3.091 104.274 4.834
201906 3.355 105.983 5.162
201909 3.115 105.983 4.793
201912 -1.322 107.123 -2.012
202003 2.729 109.076 4.080
202006 -0.301 109.402 -0.449
202009 1.604 109.320 2.393
202012 2.308 109.565 3.435
202103 1.352 112.658 1.957
202106 1.896 113.960 2.713
202109 2.113 115.588 2.981
202112 2.338 119.088 3.201
202203 1.967 125.031 2.565
202206 2.834 131.705 3.509
202209 2.934 135.531 3.530
202212 3.882 139.113 4.551
202303 2.367 145.950 2.645
202306 3.554 147.009 3.942
202309 4.054 146.113 4.524
202312 5.455 147.741 6.021
202403 2.964 149.044 3.243
202406 3.945 150.997 4.260
202409 4.469 153.439 4.750
202412 6.544 154.660 6.900
202503 3.696 157.021 3.838
202506 4.914 157.509 5.087
202509 5.011 158.000 5.172
202512 13.181 158.320 13.576
202603 9.552 163.070 9.552

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 16.98 mean?
Digital Network (WAR:DIG) has a Cyclically Adjusted PS Ratio of 16.98 as of Jul. 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 Digital Network and its competitors. This is 1403% above median its historical median of 1.13. Over the past decade, Digital Network's Cyclically Adjusted PS Ratio has ranged from 0.42 to 17.55. According to the industry distribution chart, Digital Network ranks #720 out of 732 companies in the Media - Diversified industry, placing it in the top 98.4%.
Is Digital Network's Cyclically Adjusted PS Ratio too high?
Digital Network's current Cyclically Adjusted PS Ratio of 16.98 is 1403% above median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 17.55. The Media - Diversified industry median Cyclically Adjusted PS Ratio is 0.79. Digital Network's value of 16.98 is 2049.4% above this industry median. Based on the distribution chart, Digital Network ranks #720 out of 732 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Digital Network has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Digital Network's Cyclically Adjusted PS Ratio compare to NXST?
According to the Media - Diversified industry distribution chart, Digital Network ranks #720 out of 732 companies for Cyclically Adjusted PS Ratio. This places Digital Network in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.79. Digital Network's value of 16.98 is 2049.4% above this benchmark. Historically, Digital Network's own Cyclically Adjusted PS Ratio has ranged from 0.42 to 17.55 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 0.79, Digital Network 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 732 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. Digital Network's current Cyclically Adjusted PS Ratio of 16.98 is 2049.4% 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 Digital Network 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. Digital Network's current Cyclically Adjusted PS Ratio is 16.98, which is 1403% above median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Network stock overvalued right now?
Based on GuruFocus' analysis, Digital Network (WAR:DIG) is currently considered Significantly Overvalued. The stock's GF Value™ is zł143.36, compared to a current price of zł296.80 — trading 107% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 16.98, which is 1403% above median its 10-year median of 1.13 and 2049.4% above the Media - Diversified industry median of 0.79. Digital Network's overall GF Score™ is 79/100 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 Digital Network (WAR:DIG), the current Cyclically Adjusted PS Ratio is 16.98 as of Jul. 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 Digital Network (WAR:DIG) Overvalued in 2026?

Based on GuruFocus' analysis, Digital Network stock appears to be overvalued. The current stock price of zł296.80 is trading 107% above its estimated GF Value™ of zł143.36. GuruFocus considers Digital Network to be Significantly Overvalued.

Key valuation signals for WAR:DIG:

  • Cyclically Adjusted PS Ratio: 16.98 (1403% above median its 10-year median of 1.13)
  • GF Value™: zł143.36 vs. price of zł296.80 (107% above fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 2049.4% above the Media - Diversified median (#720 of 732)

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


Digital Network Business Description

Other Exchanges RC6:Germany
Address ul. Fabryczna 5A, 3rd floor, Warszawa, POL, 00-446
Digital Network SA consists in selling advertising time through digital outdoor advertising in Poland.
79GF Score

Get the complete analysis for WAR:DIG

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

zł296.80
Price
zł143.36
GF Value