Madkom (WAR:MAD) Cyclically Adjusted PS Ratio: 0.56 (As of Jul. 20, 2026) — 14% Below Median

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WAR:MAD Madkom SA WAR:MAD
80 GF Score
Price zł2.34
GF Value zł2.81
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Madkom Cyclically Adjusted PS Ratio?

Madkom WAR:MAD -4.88% 80 Cyclically Adjusted PS Ratio is 0.56 as of Jul. 20, 2026, which is 14% below its 10-year median of 0.65. GuruFocus rates WAR:MAD with a GF Score™ of 80/100 and a GF Value™ of zł2.81 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,592 Software companies, Madkom ranks better than 76.63% on this metric.

As of today (2026-07-20), Madkom's current share price is zł2.34. Madkom's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł4.18. Madkom's Cyclically Adjusted PS Ratio for today is 0.56.

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

WAR:MAD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.65   Max: 2.26
Current: 0.56

During the past years, Madkom's highest Cyclically Adjusted PS Ratio was 2.26. The lowest was 0.40. And the median was 0.65.

WAR:MAD's Cyclically Adjusted PS Ratio is ranked better than
76.63% of 1592 companies
in the Software industry
Industry Median: 1.63 vs WAR:MAD: 0.56

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.

Madkom's adjusted revenue per share data for the three months ended in Mar. 2026 was zł0.936. 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 zł4.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Madkom  (WAR:MAD) 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.


Madkom Cyclically Adjusted PS Ratio Related Terms


Madkom Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Madkom'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.

Madkom Cyclically Adjusted PS Ratio Chart

Madkom 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 1.63 0.75 0.61 0.43 0.59

Madkom 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 0.54 0.71 0.71 0.59 1.00

WAR:MAD vs UBER, SHOP, CRM: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Madkom'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.


Madkom Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Madkom's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:MAD
80GF Score
Madkom SA WAR:MAD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Madkom 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.

Madkom's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.34/4.18
=0.56

* 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.

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

For example, Madkom'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)
=0.936/163.0700*163.0700
=0.936

Current CPI (Mar. 2026) = 163.0700.

Madkom Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.091 99.552 0.149
201609 0.071 99.064 0.117
201612 0.277 100.366 0.450
201703 0.432 101.018 0.697
201706 0.386 101.180 0.622
201709 0.415 101.343 0.668
201712 0.638 102.564 1.014
201803 0.492 102.564 0.782
201806 0.421 103.378 0.664
201809 1.204 103.378 1.899
201812 1.089 103.785 1.711
201903 0.425 104.274 0.665
201906 0.517 105.983 0.795
201909 0.623 105.983 0.959
201912 0.965 107.123 1.469
202003 0.477 109.076 0.713
202006 0.648 109.402 0.966
202009 0.810 109.320 1.208
202012 1.449 109.565 2.157
202103 0.463 112.658 0.670
202106 0.677 113.960 0.969
202109 0.925 115.588 1.305
202112 1.237 119.088 1.694
202203 0.881 125.031 1.149
202206 1.161 131.705 1.437
202209 0.976 135.531 1.174
202212 1.321 139.113 1.548
202303 0.922 145.950 1.030
202306 1.447 147.009 1.605
202309 0.976 146.113 1.089
202312 1.254 147.741 1.384
202403 0.445 149.044 0.487
202406 0.569 150.997 0.614
202409 0.508 153.439 0.540
202412 0.827 154.660 0.872
202503 0.969 157.021 1.006
202506 1.321 157.509 1.368
202509 2.114 158.000 2.182
202512 1.030 158.320 1.061
202603 0.936 163.070 0.936

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 0.56 mean?
Madkom (WAR:MAD) has a Cyclically Adjusted PS Ratio of 0.56 as of Jul. 20, 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 Madkom and its competitors. This is 14% below median its historical median of 0.65. Over the past decade, Madkom's Cyclically Adjusted PS Ratio has ranged from 0.40 to 2.26. According to the industry distribution chart, Madkom ranks #372 out of 1592 companies in the Software industry, placing it in the top 23.4%.
Is Madkom's Cyclically Adjusted PS Ratio too high?
Madkom's current Cyclically Adjusted PS Ratio of 0.56 is 14% below median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 2.26. The Software industry median Cyclically Adjusted PS Ratio is 1.63. Madkom's value of 0.56 is 65.6% below this industry median. Based on the distribution chart, Madkom ranks #372 out of 1592 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Madkom has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Madkom's Cyclically Adjusted PS Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Madkom ranks #372 out of 1592 companies for Cyclically Adjusted PS Ratio. This places Madkom in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.63. Madkom's value of 0.56 is 65.6% below this benchmark. Historically, Madkom's own Cyclically Adjusted PS Ratio has ranged from 0.40 to 2.26 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 1.63, Madkom has consistently been below 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.63, based on 1,592 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. Madkom's current Cyclically Adjusted PS Ratio of 0.56 is 65.6% below 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 Madkom and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madkom's current Cyclically Adjusted PS Ratio is 0.56, which is 14% below median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madkom stock overvalued right now?
Based on GuruFocus' analysis, Madkom (WAR:MAD) is currently considered Modestly Undervalued. The stock's GF Value™ is zł2.81, compared to a current price of zł2.34 — trading 16.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.56, which is 14% below median its 10-year median of 0.65 and 65.6% below the Software industry median of 1.63. Madkom's overall GF Score™ is 80/100 with 3 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 Madkom (WAR:MAD), the current Cyclically Adjusted PS Ratio is 0.56 as of Jul. 20, 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 Madkom (WAR:MAD) Overvalued in 2026?

Based on GuruFocus' analysis, Madkom stock appears to be undervalued. The current stock price of zł2.34 is trading 16.7% below its estimated GF Value™ of zł2.81. GuruFocus considers Madkom to be Modestly Undervalued.

Key valuation signals for WAR:MAD:

  • Cyclically Adjusted PS Ratio: 0.56 (14% below median its 10-year median of 0.65)
  • GF Value™: zł2.81 vs. price of zł2.34 (16.7% below fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 65.6% below the Software median (#372 of 1592)

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


Madkom Business Description

Address Al. Zwyciestwa 96/98, Gdynia, POL, 81-451
Madkom SA is a supplier and integrator of authoring software for document management, information and processes in public administration. The products of the company include SIDAS EZD, a Electronic Document Management System; SIDAS AZ, is a tool for public administration; SIDAS BUDGET, is a system designed for local government administration units; SIDAS Goniec, is an application for mobile devices intended for messengers; SIDAS BIP, is a specialized IT system; and others.
80GF Score

Get the complete analysis for WAR:MAD

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

zł2.34
Price
zł2.81
GF Value