MFO (WAR:MFO) Cyclically Adjusted PS Ratio: 0.26 (As of Jul. 22, 2026) — 24% Below 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:MFO MFO SA WAR:MFO
72 GF Score
Price zł30.10
GF Value zł34.79
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is MFO Cyclically Adjusted PS Ratio?

MFO WAR:MFO -0.99% 72 Cyclically Adjusted PS Ratio is 0.26 as of Jul. 22, 2026, which is 24% below its 10-year median of 0.34. GuruFocus rates WAR:MFO with a GF Score™ of 72/100 and a GF Value™ of zł34.79 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,298 Industrial Products companies, MFO ranks better than 91.69% on this metric.

As of today (2026-07-22), MFO's current share price is zł30.10. MFO's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł116.02. MFO's Cyclically Adjusted PS Ratio for today is 0.26.

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

WAR:MFO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.34   Max: 0.54
Current: 0.25

During the past years, MFO's highest Cyclically Adjusted PS Ratio was 0.54. The lowest was 0.24. And the median was 0.34.

WAR:MFO's Cyclically Adjusted PS Ratio is ranked better than
91.69% of 2298 companies
in the Industrial Products industry
Industry Median: 1.75 vs WAR:MFO: 0.25

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.

MFO's adjusted revenue per share data for the three months ended in Mar. 2026 was zł26.243. 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 zł116.02 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MFO  (WAR:MFO) 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.


MFO Cyclically Adjusted PS Ratio Related Terms


MFO Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for MFO'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.

MFO Cyclically Adjusted PS Ratio Chart

MFO 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 0.00 0.36 0.36 0.26 0.33

MFO 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 0.29 0.34 0.32 0.33 0.26

WAR:MFO vs CRS, ATI, MLI: Cyclically Adjusted PS Ratio Comparison

For the Metal Fabrication subindustry, MFO'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.


MFO Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, MFO's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:MFO
72GF Score
MFO SA WAR:MFO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MFO 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=30.10/116.02
=0.26

* 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.

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

For example, MFO'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)
=26.243/163.0700*163.0700
=26.243

Current CPI (Mar. 2026) = 163.0700.

MFO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 11.085 99.552 18.158
201609 11.702 99.064 19.263
201612 9.907 100.366 16.096
201703 14.126 101.018 22.803
201706 15.298 101.180 24.655
201709 15.864 101.343 25.527
201712 13.617 102.564 21.650
201803 14.882 102.564 23.661
201806 15.046 103.378 23.734
201809 16.179 103.378 25.521
201812 16.599 103.785 26.081
201903 17.777 104.274 27.801
201906 16.427 105.983 25.275
201909 16.659 105.983 25.632
201912 15.346 107.123 23.361
202003 17.103 109.076 25.569
202006 15.574 109.402 23.214
202009 16.061 109.320 23.958
202012 15.206 109.565 22.632
202103 26.705 112.658 38.655
202106 35.347 113.960 50.579
202109 49.010 115.588 69.143
202112 38.837 119.088 53.180
202203 44.671 125.031 58.262
202206 44.699 131.705 55.344
202209 28.328 135.531 34.084
202212 21.973 139.113 25.757
202303 22.960 145.950 25.653
202306 21.810 147.009 24.193
202309 20.289 146.113 22.644
202312 22.106 147.741 24.400
202403 24.028 149.044 26.289
202406 23.341 150.997 25.207
202409 23.525 153.439 25.002
202412 22.454 154.660 23.675
202503 25.685 157.021 26.675
202506 25.815 157.509 26.726
202509 26.872 158.000 27.734
202512 25.380 158.320 26.141
202603 26.243 163.070 26.243

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 0.26 mean?
MFO (WAR:MFO) has a Cyclically Adjusted PS Ratio of 0.26 as of Jul. 22, 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 MFO and its competitors. This is 24% below median its historical median of 0.34. Over the past decade, MFO's Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.54. According to the industry distribution chart, MFO ranks #191 out of 2298 companies in the Industrial Products industry, placing it in the top 8.3%.
Is MFO's Cyclically Adjusted PS Ratio too high?
MFO's current Cyclically Adjusted PS Ratio of 0.26 is 24% below median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 0.54. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.75. MFO's value of 0.26 is 85.1% below this industry median. Based on the distribution chart, MFO ranks #191 out of 2298 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, MFO has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MFO's Cyclically Adjusted PS Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, MFO ranks #191 out of 2298 companies for Cyclically Adjusted PS Ratio. This places MFO in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.75. MFO's value of 0.26 is 85.1% below this benchmark. Historically, MFO's own Cyclically Adjusted PS Ratio has ranged from 0.24 to 0.54 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 1.75, MFO 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.75, based on 2,298 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. MFO's current Cyclically Adjusted PS Ratio of 0.26 is 85.1% 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 MFO and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MFO's current Cyclically Adjusted PS Ratio is 0.26, which is 24% below median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFO stock overvalued right now?
Based on GuruFocus' analysis, MFO (WAR:MFO) is currently considered Modestly Undervalued. The stock's GF Value™ is zł34.79, compared to a current price of zł30.10 — trading 13.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.26, which is 24% below median its 10-year median of 0.34 and 85.1% below the Industrial Products industry median of 1.75. MFO's overall GF Score™ is 72/100 with 7 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 MFO (WAR:MFO), the current Cyclically Adjusted PS Ratio is 0.26 as of Jul. 22, 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 MFO (WAR:MFO) Overvalued in 2026?

Based on GuruFocus' analysis, MFO stock appears to be undervalued. The current stock price of zł30.10 is trading 13.5% below its estimated GF Value™ of zł34.79. GuruFocus considers MFO to be Modestly Undervalued.

Key valuation signals for WAR:MFO:

  • Cyclically Adjusted PS Ratio: 0.26 (24% below median its 10-year median of 0.34)
  • GF Value™: zł34.79 vs. price of zł30.10 (13.5% below fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 85.1% below the Industrial Products median (#191 of 2298)

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


MFO Business Description

Address Kozuszki Parcel 70 A, Sochaczew, POL, 96-500
MFO SA is a producer of special steel profiles, reinforcements for PVC window joinery and drywall framing steel profiles. The company's products are used in PVC windows, furniture industry, roller shutters, drywall framing profiles, installations, electrical installations, semi-trailers and truck bodies, rack systems, technical flooring systems, fencing systems and gates, ventilation and air conditioning, scaffolds and photovoltaic systems.
72GF Score

Get the complete analysis for WAR:MFO

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

zł30.10
Price
zł34.79
GF Value