LARQ (WAR:LRQ) Cyclically Adjusted PS Ratio: (As of Jul. 20, 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 zł2.69
GF Value zł2.05
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

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 0.40 0.40 0.63 1.57 7.96

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 1.68 2.42 4.63 7.96 0.00

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.
View Full Analysis

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)
=0.008/163.0700*163.0700
=0.008

Current CPI (Mar. 2026) = 163.0700.

LARQ Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 -1.152 99.552 -1.887
201609 0.287 99.064 0.472
201612 -0.058 100.366 -0.094
201703 0.103 101.018 0.166
201706 -0.055 101.180 -0.089
201709 0.013 101.343 0.021
201712 0.062 102.564 0.099
201803 0.016 102.564 0.025
201806 0.016 103.378 0.025
201809 0.015 103.378 0.024
201812 0.012 103.785 0.019
201903 0.011 104.274 0.017
201906 0.010 105.983 0.015
201909 0.009 105.983 0.014
201912 0.010 107.123 0.015
202003 0.009 109.076 0.013
202006 0.009 109.402 0.013
202009 0.009 109.320 0.013
202012 0.010 109.565 0.015
202103 0.008 112.658 0.012
202106 0.008 113.960 0.011
202109 0.008 115.588 0.011
202112 0.008 119.088 0.011
202203 0.008 125.031 0.010
202206 0.009 131.705 0.011
202209 0.005 135.531 0.006
202212 0.003 139.113 0.004
202303 0.007 145.950 0.008
202306 0.007 147.009 0.008
202309 0.007 146.113 0.008
202312 0.008 147.741 0.009
202403 0.008 149.044 0.009
202406 0.008 150.997 0.009
202409 0.007 153.439 0.007
202412 0.008 154.660 0.008
202503 0.008 157.021 0.008
202506 0.008 157.509 0.008
202509 0.008 158.000 0.008
202512 0.008 158.320 0.008
202603 0.008 163.070 0.008

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 zł2.69 is trading 31.2% above its estimated GF Value™ of zł2.05. GuruFocus considers LARQ to be Significantly Overvalued.

Key valuation signals for WAR:LRQ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: zł2.05 vs. price of zł2.69 (31.2% 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.

zł2.69
Price
zł2.05
GF Value