Votum (WAR:VOT) Cyclically Adjusted PS Ratio: (As of Sep. 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:VOT Votum SA WAR:VOT
98 GF Score
Price zł43.10
GF Value zł47.54
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Votum Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Votum  (WAR:VOT) 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.


Votum Cyclically Adjusted PS Ratio Related Terms


Votum Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Votum'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.

Votum Cyclically Adjusted PS Ratio Chart

Votum 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 1.67 3.44 2.69 1.53 1.93

Votum 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 1.48 1.94 2.11 1.90 1.64

WAR:VOT vs CTAS, CPRT, GPN: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, Votum'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.


Votum Cyclically Adjusted PS Ratio vs Business Services Industry

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

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


WAR:VOT
98GF Score
Votum SA WAR:VOT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Votum 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.

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

For example, Votum'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)
=8.879/163.0700*163.0700
=8.879

Current CPI (Mar. 2026) = 163.0700.

Votum Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.049 99.552 3.356
201609 1.859 99.064 3.060
201612 2.306 100.366 3.747
201703 2.037 101.018 3.288
201706 1.992 101.180 3.210
201709 1.679 101.343 2.702
201712 2.182 102.564 3.469
201803 2.186 102.564 3.476
201806 2.300 103.378 3.628
201809 1.911 103.378 3.014
201812 2.439 103.785 3.832
201903 2.600 104.274 4.066
201906 2.794 105.983 4.299
201909 2.927 105.983 4.504
201912 3.584 107.123 5.456
202003 3.133 109.076 4.684
202006 2.692 109.402 4.013
202009 3.053 109.320 4.554
202012 3.789 109.565 5.639
202103 3.611 112.658 5.227
202106 3.953 113.960 5.657
202109 4.135 115.588 5.834
202112 4.831 119.088 6.615
202203 4.730 125.031 6.169
202206 6.595 131.705 8.166
202209 4.992 135.531 6.006
202212 9.169 139.113 10.748
202303 8.525 145.950 9.525
202306 8.237 147.009 9.137
202309 7.146 146.113 7.975
202312 10.192 147.741 11.249
202403 6.929 149.044 7.581
202406 8.530 150.997 9.212
202409 7.404 153.439 7.869
202412 11.920 154.660 12.568
202503 10.692 157.021 11.104
202506 9.831 157.509 10.178
202509 8.464 158.000 8.736
202512 10.483 158.320 10.798
202603 8.879 163.070 8.879

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 Votum (WAR:VOT) Overvalued in 2026?

Based on GuruFocus' analysis, Votum stock appears to be undervalued. The current stock price of zł43.10 is trading 9.3% below its estimated GF Value™ of zł47.54. GuruFocus considers Votum to be Fairly Valued.

Key valuation signals for WAR:VOT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: zł47.54 vs. price of zł43.10 (9.3% below fair value)
  • GF Score™: 98/100 with 2 warning signs

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


Votum Business Description

Other Exchanges 31J:Germany
Address st. Racing 56 and, Wroclaw, POL, 53-012
Votum SA is engaged in offering assistance services in claims for damages in Poland. The company specializes in the proceedings concerning the claims related to damage to the person covered by the system of mandatory insurance.
98GF Score

Get the complete analysis for WAR:VOT

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

zł43.10
Price
zł47.54
GF Value