Multitude AG (WBO:MULT) Cyclically Adjusted PS Ratio: (As of Aug. 10, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

WBO:MULT Multitude AG WBO:MULT
59 GF Score
Price €5.22
GF Value €5.14
Valuation Fairly Valued
! 6 Warning Signs
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What is Multitude AG Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Multitude AG  (WBO:MULT) 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.


Multitude AG Cyclically Adjusted PS Ratio Related Terms


Multitude AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Multitude AG'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.

Multitude AG Cyclically Adjusted PS Ratio Chart

Multitude AG 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 0.00 0.46 0.45 0.53

Multitude AG 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 0.45 0.67 0.66 0.53 0.54

WBO:MULT vs PNC, USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Multitude AG'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.


Multitude AG Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Multitude AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WBO:MULT
59GF Score
Multitude AG WBO:MULT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Multitude AG 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.

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

For example, Multitude AG'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)
=2.575/108.0600*108.0600
=2.575

Current CPI (Mar. 2026) = 108.0600.

Multitude AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.725 100.088 1.862
201609 1.835 99.604 1.991
201612 2.007 99.380 2.182
201703 2.281 100.040 2.464
201706 2.490 100.285 2.683
201709 2.619 100.254 2.823
201712 2.749 100.213 2.964
201803 2.778 100.836 2.977
201806 2.913 101.435 3.103
201809 3.059 101.246 3.265
201812 3.252 100.906 3.483
201903 3.377 101.571 3.593
201906 3.360 102.044 3.558
201909 3.416 101.396 3.641
201912 3.426 101.063 3.663
202003 3.057 101.048 3.269
202006 2.564 100.743 2.750
202009 2.587 100.585 2.779
202012 2.499 100.241 2.694
202103 2.412 100.800 2.586
202106 2.451 101.352 2.613
202109 2.538 101.533 2.701
202112 2.115 101.776 2.246
202203 2.498 103.205 2.616
202206 2.407 104.783 2.482
202209 2.506 104.835 2.583
202212 2.502 104.666 2.583
202303 2.462 106.245 2.504
202306 2.494 106.576 2.529
202309 2.361 106.570 2.394
202312 3.343 106.461 3.393
202403 2.759 107.355 2.777
202406 2.706 107.991 2.708
202409 2.792 107.468 2.807
202412 2.837 107.128 2.862
202503 2.775 107.722 2.784
202506 2.818 108.075 2.818
202509 2.600 107.710 2.608
202512 2.490 107.200 2.510
202603 2.575 108.060 2.575

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 Multitude AG (WBO:MULT) Overvalued in 2026?

Based on GuruFocus' analysis, Multitude AG stock appears to be overvalued. The current stock price of €5.22 is trading 1.6% above its estimated GF Value™ of €5.14. GuruFocus considers Multitude AG to be Fairly Valued.

Key valuation signals for WBO:MULT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €5.14 vs. price of €5.22 (1.6% above fair value)
  • GF Score™: 59/100 with 6 warning signs

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


Multitude AG Business Description

Other Exchanges 0R4W:UKMULT:Germany
Address Grafenauweg 8, Zug, CHE, 6300
Multitude AG is a fintech company providing digital financial and banking services to both individuals and businesses. Its reportable and operating segments are: Consumer Banking, SME Banking, and Wholesale Banking. Maximum revenue is derived from the Consumer Banking segment, which is operated under the Ferratum brand and offers digital consumer loans, credit lines, and credit card products. The SME Banking segment, which is operated under the CapitalBox brand, offers working capital and secured and non-secured lending solutions for small businesses, as well as other services such as invoice purchasing, and the Wholesale Banking, operated under the Multitude Bank brand, delivers lending and payment services to institutional clients, FinTechs, and payment service providers across Europe.
59GF Score

Get the complete analysis for WBO:MULT

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

€5.22
Price
€5.14
GF Value