Kcell JSC (XKAZ:KCEL) Cyclically Adjusted PS Ratio: 2.75 (As of Aug. 27, 2026) — Near Median

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XKAZ:KCEL Kcell JSC XKAZ:KCEL
55 GF Score
Price ₸3,177.79
GF Value ₸3,694.42
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Kcell JSC Cyclically Adjusted PS Ratio?

Kcell JSC XKAZ:KCEL +0.02% 55 Cyclically Adjusted PS Ratio is 2.75 as of Aug. 27, 2026, which is 2% above its 10-year median of 2.69. GuruFocus rates XKAZ:KCEL with a GF Score™ of 55/100 and a GF Value™ of ₸3,694.42 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 302 Telecommunication Services companies, Kcell JSC ranks worse than 76.82% on this metric.

As of today (2026-08-27), Kcell JSC's current share price is ₸3177.79. Kcell JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₸1,156.63. Kcell JSC's Cyclically Adjusted PS Ratio for today is 2.75.

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

XKAZ:KCEL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.97   Med: 2.69   Max: 3.27
Current: 2.73

During the past years, Kcell JSC's highest Cyclically Adjusted PS Ratio was 3.27. The lowest was 0.97. And the median was 2.69.

XKAZ:KCEL's Cyclically Adjusted PS Ratio is ranked worse than
76.82% of 302 companies
in the Telecommunication Services industry
Industry Median: 1.17 vs XKAZ:KCEL: 2.73

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.

Kcell JSC's adjusted revenue per share data for the three months ended in Jun. 2026 was ₸342.065. 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 ₸1,156.63 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kcell JSC  (XKAZ:KCEL) 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.


Kcell JSC Cyclically Adjusted PS Ratio Related Terms


Kcell JSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kcell JSC'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.

Kcell JSC Cyclically Adjusted PS Ratio Chart

Kcell JSC 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 1.69 1.70 1.88 3.23 3.06

Kcell JSC 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 3.06 3.00 3.06 2.94 2.80

XKAZ:KCEL vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Kcell JSC'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.


Kcell JSC Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kcell JSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XKAZ:KCEL
55GF Score
Kcell JSC XKAZ:KCEL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kcell JSC 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.

Kcell JSC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3177.79/1156.63
=2.75

* 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.

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

For example, Kcell JSC'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)
=342.065/333.9520*333.9520
=342.065

Current CPI (Jun. 2026) = 333.9520.

Kcell JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 184.655 241.428 255.422
201612 191.115 241.432 264.353
201703 178.160 243.801 244.039
201706 180.410 244.955 245.957
201709 187.745 246.819 254.023
201712 191.063 246.524 258.822
201803 181.930 249.554 243.458
201806 181.515 251.989 240.555
201809 193.790 252.439 256.365
201812 191.269 251.233 254.245
201903 175.900 254.202 231.085
201906 189.345 256.143 246.863
201909 205.600 256.759 267.412
201912 212.440 256.974 276.078
202003 200.310 258.115 259.163
202006 193.130 257.797 250.182
202009 234.140 260.280 300.413
202012 245.840 260.474 315.190
202103 220.080 264.877 277.473
202106 230.735 271.696 283.605
202109 251.225 274.310 305.848
202112 268.365 278.802 321.450
202203 251.665 287.504 292.323
202206 281.955 296.311 317.772
202209 288.520 296.808 324.627
202212 272.870 296.797 307.030
202303 285.670 301.836 316.066
202306 251.730 305.109 275.527
202309 276.445 307.789 299.944
202312 304.890 306.746 331.931
202403 285.160 312.332 304.899
202406 299.250 314.175 318.087
202409 294.490 315.301 311.910
202412 298.435 315.605 315.784
202503 294.760 319.799 307.805
202506 315.005 322.561 326.129
202509 326.645 324.800 335.849
202512 337.335 324.054 347.639
202603 335.140 330.213 338.935
202606 342.065 333.952 342.065

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 2.75 mean?
Kcell JSC (XKAZ:KCEL) has a Cyclically Adjusted PS Ratio of 2.75 as of Aug. 27, 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 Kcell JSC and its competitors. This is near median its historical median of 2.69. Over the past decade, Kcell JSC's Cyclically Adjusted PS Ratio has ranged from 0.97 to 3.27. According to the industry distribution chart, Kcell JSC ranks #232 out of 302 companies in the Telecommunication Services industry, placing it in the top 76.8%.
Is Kcell JSC's Cyclically Adjusted PS Ratio too high?
Kcell JSC's current Cyclically Adjusted PS Ratio of 2.75 is near median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 3.27. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.17. Kcell JSC's value of 2.75 is 135% above this industry median. Based on the distribution chart, Kcell JSC ranks #232 out of 302 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Kcell JSC has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kcell JSC's Cyclically Adjusted PS Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Kcell JSC ranks #232 out of 302 companies for Cyclically Adjusted PS Ratio. This places Kcell JSC in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.17. Kcell JSC's value of 2.75 is 135% above this benchmark. Historically, Kcell JSC's own Cyclically Adjusted PS Ratio has ranged from 0.97 to 3.27 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 1.17, Kcell JSC 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.17, based on 302 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. Kcell JSC's current Cyclically Adjusted PS Ratio of 2.75 is 135% 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 Kcell JSC and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kcell JSC's current Cyclically Adjusted PS Ratio is 2.75, which is near median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kcell JSC stock overvalued right now?
Based on GuruFocus' analysis, Kcell JSC (XKAZ:KCEL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₸3,694.42, compared to a current price of ₸3,177.79 — trading 14% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.75, which is near median its 10-year median of 2.69 and 135% above the Telecommunication Services industry median of 1.17. Kcell JSC's overall GF Score™ is 55/100 with 9 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 Kcell JSC (XKAZ:KCEL), the current Cyclically Adjusted PS Ratio is 2.75 as of Aug. 27, 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 Kcell JSC (XKAZ:KCEL) Overvalued in 2026?

Based on GuruFocus' analysis, Kcell JSC stock appears to be undervalued. The current stock price of ₸3,177.79 is trading 14% below its estimated GF Value™ of ₸3,694.42. GuruFocus considers Kcell JSC to be Modestly Undervalued.

Key valuation signals for XKAZ:KCEL:

  • Cyclically Adjusted PS Ratio: 2.75 (near median its 10-year median of 2.69)
  • GF Value™: ₸3,694.42 vs. price of ₸3,177.79 (14% below fair value)
  • GF Score™: 55/100 with 9 warning signs
  • Industry Position: 135% above the Telecommunication Services median (#232 of 302)

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


Kcell JSC Business Description

Address Alimzhanova Street, 51, Almaty, KAZ, 050004
Kcell JSC is a Kazakhstan-based company. It is engaged in providing mobile telecommunications services to both individuals and organizations including voice, SMS, MMS and data transmission. It offers Internet access and value-added services, including mobile content. The company is involved in designing, constructing and operating a cellular telecommunications network in the Republic of Kazakhstan using GSM (Global System for Mobile Communications) standard. It operates its business through Kcell which targets the mass market, corporate subscribers, public organizations as well as high-net-worth individuals. The company generates revenue from the sale of voice and other services, data service, handsets, and value-added services.
55GF Score

Get the complete analysis for XKAZ:KCEL

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

₸3,177.79
Price
₸3,694.42
GF Value