PNE AG (WBO:PNE3) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan 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
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.

WBO:PNE3 PNE AG WBO:PNE3
52 GF Score
Price €7.17
GF Value €21.05
Valuation Possible Value Trap
! 5 Warning Signs
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What is PNE AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PNE AG  (WBO:PNE3) 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.


PNE AG Cyclically Adjusted PS Ratio Related Terms


PNE AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PNE 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.

PNE AG Cyclically Adjusted PS Ratio Chart

PNE 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 - - - - 4.83

PNE AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.31 6.17 4.51 3.63 4.70

PNE AG Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, PNE 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.


PNE AG Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, PNE AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WBO:PNE3
52GF Score
PNE AG WBO:PNE3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PNE 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.

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

For example, PNE AG's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.53/131.3638*131.3638
=0.530

Current CPI (Jun. 2026) = 131.3638.

PNE AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.411 101.017 0.534
201612 2.204 101.217 2.860
201703 0.260 101.417 0.337
201706 0.248 102.117 0.319
201709 0.531 102.717 0.679
201712 0.429 102.617 0.549
201803 0.143 102.917 0.183
201806 0.222 104.017 0.280
201809 0.149 104.718 0.187
201812 0.671 104.217 0.846
201903 0.365 104.217 0.460
201906 0.492 105.718 0.611
201909 0.093 106.018 0.115
201912 0.789 105.818 0.979
202003 0.206 105.718 0.256
202006 0.611 106.618 0.753
202009 0.151 105.818 0.187
202012 0.469 105.518 0.584
202103 0.211 107.518 0.258
202106 0.323 108.486 0.391
202109 0.177 109.435 0.212
202112 0.832 110.384 0.990
202203 0.387 113.968 0.446
202206 0.296 115.760 0.336
202209 0.322 118.818 0.356
202212 0.648 119.345 0.713
202303 0.423 122.402 0.454
202306 0.325 123.140 0.347
202309 0.244 124.195 0.258
202312 0.601 123.773 0.638
202403 0.412 125.038 0.433
202406 0.382 125.882 0.399
202409 0.222 126.198 0.231
202412 1.734 127.041 1.793
202503 0.364 127.779 0.374
202506 0.601 128.412 0.615
202509 0.893 129.255 0.908
202512 1.149 129.361 1.167
202603 0.734 131.258 0.735
202606 0.530 131.364 0.530

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 PNE AG (WBO:PNE3) Overvalued in 2026?

Based on GuruFocus' analysis, PNE AG stock appears to be undervalued. The current stock price of €7.17 is trading 65.9% below its estimated GF Value™ of €21.05. GuruFocus considers PNE AG to be Possible Value Trap.

Key valuation signals for WBO:PNE3:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €21.05 vs. price of €7.17 (65.9% below fair value)
  • GF Score™: 52/100 with 5 warning signs

No single metric tells the full story. See the WBO:PNE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PNE AG Business Description

Address Peter Henlein-Strasse 2-4, Cuxhaven, NI, DEU, 27472
PNE AG is a developer of projects in the renewable energy sector. The company's core business is the project development as well the construction and operation of onshore and offshore wind farms. It operates in three segments: project development (project planning of wind energy and photovoltaic projects), power generation, and services (management and servicing of wind farms and PV power plants as well as revenues from transformer station usage fees). In the power generation segment, revenues were achieved by the sale of electricity from ongoing operations of wind farms and of the Silbitz biomass power station. Key revenue is generated from power generation segment.
52GF Score

Get the complete analysis for WBO:PNE3

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

€7.17
Price
€21.05
GF Value