Second Chamber (WAR:PIX) Cyclically Adjusted PS Ratio: (As of Aug. 01, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

What is Second Chamber Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Second Chamber  (WAR:PIX) 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.


Second Chamber Cyclically Adjusted PS Ratio Related Terms


Second Chamber Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Second Chamber'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.

Second Chamber Cyclically Adjusted PS Ratio Chart

Second Chamber Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Second Chamber Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.00 0.00 0.00 0.00 0.00

WAR:PIX vs CRM, NOW, INTU: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Second Chamber'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.


Second Chamber Cyclically Adjusted PS Ratio vs Software Industry

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

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



Second Chamber 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.

Second Chamber's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Second Chamber's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0/153.4391*153.4391
=0.000

Current CPI (Sep. 2024) = 153.4391.

Second Chamber Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.045 101.180 0.068
201409 0.088 100.611 0.134
201412 0.002 100.122 0.003
201503 0.000 100.041 0.000
201506 0.029 100.448 0.044
201509 0.067 99.634 0.103
201512 -0.004 99.471 -0.006
201609 0.000 99.064 0.000
201612 0.000 100.366 0.000
201703 0.000 101.018 0.000
201706 0.000 101.180 0.000
201709 0.000 101.343 0.000
201712 0.000 102.564 0.000
201803 0.000 102.564 0.000
201806 0.000 103.378 0.000
201809 0.000 103.378 0.000
201812 0.015 103.785 0.022
201903 0.000 104.274 0.000
201906 0.000 105.983 0.000
201909 0.000 105.983 0.000
201912 0.000 107.123 0.000
202003 0.000 109.076 0.000
202006 0.000 109.402 0.000
202009 0.000 109.320 0.000
202012 0.000 109.565 0.000
202103 0.000 112.658 0.000
202106 0.000 113.960 0.000
202109 0.000 115.588 0.000
202112 0.000 119.088 0.000
202203 0.000 125.031 0.000
202206 0.000 131.705 0.000
202209 0.001 135.531 0.001
202212 0.000 139.113 0.000
202303 0.000 145.950 0.000
202306 0.000 147.009 0.000
202309 0.000 146.113 0.000
202312 0.000 147.741 0.000
202403 0.000 149.044 0.000
202406 0.000 150.997 0.000
202409 0.000 153.439 0.000

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.


Second Chamber Business Description

Address al. gen. Jozefa Hallera 180/14, Wroclaw, POL, 53-203
Second Chamber SA, formerly Patent Fund SA is engaged in software development activities. It develops software in a service model for intellectual property rights such as trademarks, patents, and industrial design. The company's product Namegine creates software in the Software-as-a-Service model that protects the existing trademarks.