LARQ (WAR:LRQ) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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:LRQ LARQ SA WAR:LRQ
56 GF Score
Price zł2.90
GF Value zł2.09
Valuation Significantly Overvalued
! 5 Warning Signs
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What is LARQ Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


LARQ  (WAR:LRQ) 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.


LARQ Cyclically Adjusted PS Ratio Related Terms


LARQ Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for LARQ'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.

LARQ Cyclically Adjusted PS Ratio Chart

LARQ 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 0.52 0.60 1.16 9.34 50.44

LARQ 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 4.34 5.28 - - -

WAR:LRQ vs APP, OMC, TTD: Cyclically Adjusted PS Ratio Comparison

For the Advertising Agencies subindustry, LARQ'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.


LARQ Cyclically Adjusted PS Ratio vs Media - Diversified Industry

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

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


WAR:LRQ
56GF Score
LARQ SA WAR:LRQ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LARQ 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.

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

For example, LARQ'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)
=0.009/163.0700*163.0700
=0.009

Current CPI (Mar. 2026) = 163.0700.

LARQ Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.113 98.983 0.186
201606 0.364 99.552 0.596
201609 0.292 99.064 0.481
201612 100.366 0.000
201703 0.108 101.018 0.174
201706 0.206 101.180 0.332
201709 0.126 101.343 0.203
201712 0.079 102.564 0.126
201803 0.079 102.564 0.126
201809 -1.663 103.378 -2.623
201812 0.076 103.785 0.119
201903 -0.877 104.274 -1.372
201906 -0.342 105.983 -0.526
201909 0.037 105.983 0.057
201912 0.021 107.123 0.032
202003 -2.514 109.076 -3.758
202006 -0.080 109.402 -0.119
202009 0.024 109.320 0.036
202012 0.020 109.565 0.030
202103 -0.078 112.658 -0.113
202106 0.278 113.960 0.398
202109 0.028 115.588 0.040
202112 0.060 119.088 0.082
202203 0.007 125.031 0.009
202206 0.012 131.705 0.015
202209 0.008 135.531 0.010
202212 0.020 139.113 0.023
202303 0.010 145.950 0.011
202306 0.010 147.009 0.011
202309 0.011 146.113 0.012
202312 0.029 147.741 0.032
202403 -0.088 149.044 -0.096
202406 0.288 150.997 0.311
202409 0.031 153.439 0.033
202412 0.015 154.660 0.016
202503 0.008 157.021 0.008
202506 0.008 157.509 0.008
202509 -0.003 158.000 -0.003
202512 0.009 158.320 0.009
202603 0.009 163.070 0.009

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 LARQ (WAR:LRQ) Overvalued in 2026?

Based on GuruFocus' analysis, LARQ stock appears to be overvalued. The current stock price of zł2.90 is trading 38.8% above its estimated GF Value™ of zł2.09. GuruFocus considers LARQ to be Significantly Overvalued.

Key valuation signals for WAR:LRQ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: zł2.09 vs. price of zł2.90 (38.8% above fair value)
  • GF Score™: 56/100 with 5 warning signs

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


LARQ Business Description

Address Ul. Tamka 16 Lok. U4, Warsaw, POL, 00-349
LARQ SA is a Poland based company involved in providing outdoor advertising media services. It engages in providing and servicing urban rental bike systems, as well as designing, manufacturing, and implementing marketing campaigns. The company also offers web and mobile solutions for supporting business and sales processes; and develops sales and marketing automation system under the CodeProud and YouLead brand names.
56GF Score

Get the complete analysis for WAR:LRQ

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

zł2.90
Price
zł2.09
GF Value