Tax-Net (WAR:TXN) Cyclically Adjusted PS Ratio: 0.26 (As of Aug. 07, 2026) — 60% Below Median

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WAR:TXN Tax-Net SA WAR:TXN
65 GF Score
Price zł1.45
GF Value zł3.22
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Tax-Net Cyclically Adjusted PS Ratio?

Tax-Net WAR:TXN 65 Cyclically Adjusted PS Ratio is 0.26 as of Aug. 07, 2026, which is 60% below its 10-year median of 0.65. GuruFocus rates WAR:TXN with a GF Score™ of 65/100 and a GF Value™ of zł3.22 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 716 Business Services companies, Tax-Net ranks better than 79.05% on this metric.

As of today (2026-08-07), Tax-Net's current share price is zł1.45. Tax-Net's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł5.52. Tax-Net's Cyclically Adjusted PS Ratio for today is 0.26.

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

WAR:TXN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.65   Max: 1.05
Current: 0.29

During the past years, Tax-Net's highest Cyclically Adjusted PS Ratio was 1.05. The lowest was 0.25. And the median was 0.65.

WAR:TXN's Cyclically Adjusted PS Ratio is ranked better than
79.05% of 716 companies
in the Business Services industry
Industry Median: 0.905 vs WAR:TXN: 0.29

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.

Tax-Net's adjusted revenue per share data for the three months ended in Mar. 2026 was zł1.835. 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 zł5.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tax-Net  (WAR:TXN) 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.


Tax-Net Cyclically Adjusted PS Ratio Related Terms


Tax-Net Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tax-Net'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.

Tax-Net Cyclically Adjusted PS Ratio Chart

Tax-Net 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 0.74 0.72 0.85 0.53 0.41

Tax-Net 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 0.46 0.48 0.51 0.41 0.28

WAR:TXN vs VRSK, EFX, BAH: Cyclically Adjusted PS Ratio Comparison

For the Consulting Services subindustry, Tax-Net'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.


Tax-Net Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Tax-Net's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:TXN
65GF Score
Tax-Net SA WAR:TXN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tax-Net 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.

Tax-Net's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.45/5.52
=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.

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

For example, Tax-Net'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)
=1.835/163.0700*163.0700
=1.835

Current CPI (Mar. 2026) = 163.0700.

Tax-Net Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.586 99.552 0.960
201609 0.510 99.064 0.840
201612 0.548 100.366 0.890
201703 0.629 101.018 1.015
201706 0.619 101.180 0.998
201709 0.543 101.343 0.874
201712 0.565 102.564 0.898
201803 0.641 102.564 1.019
201806 0.849 103.378 1.339
201809 0.817 103.378 1.289
201812 0.819 103.785 1.287
201903 0.879 104.274 1.375
201906 0.967 105.983 1.488
201909 0.841 105.983 1.294
201912 0.856 107.123 1.303
202003 1.048 109.076 1.567
202006 1.153 109.402 1.719
202009 1.011 109.320 1.508
202012 1.017 109.565 1.514
202103 1.114 112.658 1.612
202106 1.079 113.960 1.544
202109 0.988 115.588 1.394
202112 0.980 119.088 1.342
202203 1.127 125.031 1.470
202206 1.292 131.705 1.600
202209 1.119 135.531 1.346
202212 1.122 139.113 1.315
202303 1.374 145.950 1.535
202306 1.374 147.009 1.524
202309 1.223 146.113 1.365
202312 1.227 147.741 1.354
202403 1.530 149.044 1.674
202406 1.432 150.997 1.546
202409 1.400 153.439 1.488
202412 1.426 154.660 1.504
202503 1.655 157.021 1.719
202506 1.623 157.509 1.680
202509 1.534 158.000 1.583
202512 1.568 158.320 1.615
202603 1.835 163.070 1.835

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?
Tax-Net (WAR:TXN) has a Cyclically Adjusted PS Ratio of 0.26 as of Aug. 07, 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 Tax-Net and its competitors. This is 60% below median its historical median of 0.65. Over the past decade, Tax-Net's Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.05. According to the industry distribution chart, Tax-Net ranks #150 out of 716 companies in the Business Services industry, placing it in the top 20.9%.
Is Tax-Net's Cyclically Adjusted PS Ratio too high?
Tax-Net's current Cyclically Adjusted PS Ratio of 0.26 is 60% below median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 1.05. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Tax-Net's value of 0.26 is 71.3% below this industry median. Based on the distribution chart, Tax-Net ranks #150 out of 716 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Tax-Net has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tax-Net's Cyclically Adjusted PS Ratio compare to VRSK and EFX?
According to the Business Services industry distribution chart, Tax-Net ranks #150 out of 716 companies for Cyclically Adjusted PS Ratio. This places Tax-Net in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.91. Tax-Net's value of 0.26 is 71.3% below this benchmark. Historically, Tax-Net's own Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.05 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.91, Tax-Net 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 716 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. Tax-Net's current Cyclically Adjusted PS Ratio of 0.26 is 71.3% 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 Tax-Net and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tax-Net's current Cyclically Adjusted PS Ratio is 0.26, which is 60% 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 Tax-Net stock overvalued right now?
Based on GuruFocus' analysis, Tax-Net (WAR:TXN) is currently considered Significantly Undervalued. The stock's GF Value™ is zł3.22, compared to a current price of zł1.45 — trading 55% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.26, which is 60% below median its 10-year median of 0.65 and 71.3% below the Business Services industry median of 0.91. Tax-Net's overall GF Score™ is 65/100 with 2 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 Tax-Net (WAR:TXN), the current Cyclically Adjusted PS Ratio is 0.26 as of Aug. 07, 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 Tax-Net (WAR:TXN) Overvalued in 2026?

Based on GuruFocus' analysis, Tax-Net stock appears to be undervalued. The current stock price of zł1.45 is trading 55% below its estimated GF Value™ of zł3.22. GuruFocus considers Tax-Net to be Significantly Undervalued.

Key valuation signals for WAR:TXN:

  • Cyclically Adjusted PS Ratio: 0.26 (60% below median its 10-year median of 0.65)
  • GF Value™: zł3.22 vs. price of zł1.45 (55% below fair value)
  • GF Score™: 65/100 with 2 warning signs
  • Industry Position: 71.3% below the Business Services median (#150 of 716)

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


Tax-Net Business Description

Address Ulica Marcin 11, Katowice, POL, 40-854
Tax-Net SA offers accounting and tax consulting services. The company's services include simplified accounting, bookkeeping and business support services. It also provides human resources, payroll, social insurance, consulting services, reorganization, among others.
65GF Score

Get the complete analysis for WAR:TXN

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

zł1.45
Price
zł3.22
GF Value