Voxel (WAR:VOX) Cyclically Adjusted PS Ratio: 3.10 (As of Aug. 07, 2026) — 11% Above Median

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WAR:VOX Voxel SA WAR:VOX
94 GF Score
Price zł127.80
GF Value zł130.46
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Voxel Cyclically Adjusted PS Ratio?

Voxel WAR:VOX -0.16% 94 Cyclically Adjusted PS Ratio is 3.10 as of Aug. 07, 2026, which is 11% above its 10-year median of 2.79. GuruFocus rates WAR:VOX with a GF Score™ of 94/100 and a GF Value™ of zł130.46 (Fairly Valued). The stock has 2 warning signs investors should review. Among 135 Medical Diagnostics & Research companies, Voxel ranks worse than 62.22% on this metric.

As of today (2026-08-07), Voxel's current share price is zł127.80. Voxel's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł41.23. Voxel's Cyclically Adjusted PS Ratio for today is 3.10.

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

WAR:VOX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.35   Med: 2.79   Max: 5
Current: 2.91

During the past years, Voxel's highest Cyclically Adjusted PS Ratio was 5.00. The lowest was 1.35. And the median was 2.79.

WAR:VOX's Cyclically Adjusted PS Ratio is ranked worse than
62.22% of 135 companies
in the Medical Diagnostics & Research industry
Industry Median: 1.94 vs WAR:VOX: 2.91

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.

Voxel's adjusted revenue per share data for the three months ended in Mar. 2026 was zł14.967. 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 zł41.23 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Voxel  (WAR:VOX) 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.


Voxel Cyclically Adjusted PS Ratio Related Terms


Voxel Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Voxel'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.

Voxel Cyclically Adjusted PS Ratio Chart

Voxel 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 2.27 1.72 2.64 3.64 3.07

Voxel 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 3.92 4.32 4.24 3.07 2.54

WAR:VOX vs TMO, DHR, IDXX: Cyclically Adjusted PS Ratio Comparison

For the Diagnostics & Research subindustry, Voxel'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.


Voxel Cyclically Adjusted PS Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Voxel's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:VOX
94GF Score
Voxel SA WAR:VOX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Voxel 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=127.80/41.23
=3.10

* 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.

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

For example, Voxel'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)
=14.967/163.0700*163.0700
=14.967

Current CPI (Mar. 2026) = 163.0700.

Voxel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.984 99.552 4.888
201609 2.310 99.064 3.803
201612 3.561 100.366 5.786
201703 3.269 101.018 5.277
201706 2.892 101.180 4.661
201709 3.092 101.343 4.975
201712 5.229 102.564 8.314
201803 3.095 102.564 4.921
201806 3.177 103.378 5.011
201809 3.670 103.378 5.789
201812 6.311 103.785 9.916
201903 4.649 104.274 7.270
201906 4.402 105.983 6.773
201909 4.669 105.983 7.184
201912 6.434 107.123 9.794
202003 4.861 109.076 7.267
202006 5.093 109.402 7.591
202009 8.280 109.320 12.351
202012 13.130 109.565 19.542
202103 10.626 112.658 15.381
202106 10.267 113.960 14.691
202109 8.976 115.588 12.663
202112 12.311 119.088 16.858
202203 9.513 125.031 12.407
202206 7.171 131.705 8.879
202209 9.618 135.531 11.572
202212 8.184 139.113 9.593
202303 8.445 145.950 9.436
202306 8.757 147.009 9.714
202309 11.248 146.113 12.553
202312 11.946 147.741 13.185
202403 10.341 149.044 11.314
202406 11.814 150.997 12.759
202409 12.815 153.439 13.619
202412 13.376 154.660 14.103
202503 15.025 157.021 15.604
202506 12.108 157.509 12.535
202509 13.637 158.000 14.075
202512 14.811 158.320 15.255
202603 14.967 163.070 14.967

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 3.10 mean?
Voxel (WAR:VOX) has a Cyclically Adjusted PS Ratio of 3.10 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 Voxel and its competitors. This is 11% above median its historical median of 2.79. Over the past decade, Voxel's Cyclically Adjusted PS Ratio has ranged from 1.35 to 5.00. According to the industry distribution chart, Voxel ranks #84 out of 135 companies in the Medical Diagnostics & Research industry, placing it in the top 62.2%.
Is Voxel's Cyclically Adjusted PS Ratio too high?
Voxel's current Cyclically Adjusted PS Ratio of 3.10 is 11% above median its 10-year median of 2.79. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 5.00. The Medical Diagnostics & Research industry median Cyclically Adjusted PS Ratio is 1.94. Voxel's value of 3.10 is 59.8% above this industry median. Based on the distribution chart, Voxel ranks #84 out of 135 companies in the Medical Diagnostics & Research industry, which is below the industry midpoint. Overall, Voxel has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Voxel's Cyclically Adjusted PS Ratio compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Voxel ranks #84 out of 135 companies for Cyclically Adjusted PS Ratio. This places Voxel in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.94. Voxel's value of 3.10 is 59.8% above this benchmark. Historically, Voxel's own Cyclically Adjusted PS Ratio has ranged from 1.35 to 5.00 over the past decade. While the company's 10-year median is 2.79 vs. the industry median of 1.94, Voxel has consistently been above 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 Medical Diagnostics & Research company?
The median Cyclically Adjusted PS Ratio among Medical Diagnostics & Research companies is 1.94, based on 135 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. Voxel's current Cyclically Adjusted PS Ratio of 3.10 is 59.8% above 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 Voxel and its competitors. For the Medical Diagnostics & Research industry, the median Cyclically Adjusted PS Ratio is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voxel's current Cyclically Adjusted PS Ratio is 3.10, which is 11% above median its own 10-year median of 2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voxel stock overvalued right now?
Based on GuruFocus' analysis, Voxel (WAR:VOX) is currently considered Fairly Valued. The stock's GF Value™ is zł130.46, compared to a current price of zł127.80 — trading 2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.10, which is 11% above median its 10-year median of 2.79 and 59.8% above the Medical Diagnostics & Research industry median of 1.94. Voxel's overall GF Score™ is 94/100 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 Voxel (WAR:VOX), the current Cyclically Adjusted PS Ratio is 3.10 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 Voxel (WAR:VOX) Overvalued in 2026?

Based on GuruFocus' analysis, Voxel stock appears to be undervalued. The current stock price of zł127.80 is trading 2% below its estimated GF Value™ of zł130.46. GuruFocus considers Voxel to be Fairly Valued.

Key valuation signals for WAR:VOX:

  • Cyclically Adjusted PS Ratio: 3.10 (11% above median its 10-year median of 2.79)
  • GF Value™: zł130.46 vs. price of zł127.80 (2% below fair value)
  • GF Score™: 94/100 with 2 warning signs
  • Industry Position: 59.8% above the Medical Diagnostics & Research median (#84 of 135)

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


Voxel Business Description

Other Exchanges 0NX:Germany
Address ulica Wielicka 265, Krakow, POL, 30-663
Voxel SA is a network of diagnostic imaging laboratories created for patients and to increase access to high-quality tests. The company operates diagnostic imaging centers and laboratories and provides several services such as magnetic resonance imaging, computed tomography and positron emission tomography. It has 33 specialised laboratories in 21 cities throughout Poland.
94GF Score

Get the complete analysis for WAR:VOX

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

zł127.80
Price
zł130.46
GF Value