Komercijalna Banka AD Skopje (XMAE:KMB) Cyclically Adjusted PS Ratio: 10.10 (As of Jul. 26, 2026) — 10% Above Median

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XMAE:KMB Komercijalna Banka AD Skopje XMAE:KMB
60 GF Score
Price MKD26,400.00
GF Value MKD28,127.29
Valuation Fairly Valued
! 3 Warning Signs
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What is Komercijalna Banka AD Skopje Cyclically Adjusted PS Ratio?

Komercijalna Banka AD Skopje XMAE:KMB +0.38% 60 Cyclically Adjusted PS Ratio is 10.10 as of Jul. 26, 2026, which is 10% above its 10-year median of 9.18. GuruFocus rates XMAE:KMB with a GF Score™ of 60/100 and a GF Value™ of MKD28,127.29 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,302 Banks companies, Komercijalna Banka AD Skopje ranks worse than 96.7% on this metric.

As of today (2026-07-26), Komercijalna Banka AD Skopje's current share price is MKD26400.00. Komercijalna Banka AD Skopje's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 was MKD2,614.93. Komercijalna Banka AD Skopje's Cyclically Adjusted PS Ratio for today is 10.10.

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

XMAE:KMB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.2   Med: 9.18   Max: 11.78
Current: 10.1

During the past 13 years, Komercijalna Banka AD Skopje's highest Cyclically Adjusted PS Ratio was 11.78. The lowest was 6.20. And the median was 9.18.

XMAE:KMB's Cyclically Adjusted PS Ratio is ranked worse than
96.7% of 1302 companies
in the Banks industry
Industry Median: 3.41 vs XMAE:KMB: 10.10

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.

Komercijalna Banka AD Skopje's adjusted revenue per share data of for the fiscal year that ended in Dec24 was MKD3,621.530. 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 MKD2,614.93 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Komercijalna Banka AD Skopje  (XMAE:KMB) 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.


Komercijalna Banka AD Skopje Cyclically Adjusted PS Ratio Related Terms


Komercijalna Banka AD Skopje Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Komercijalna Banka AD Skopje'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.

Komercijalna Banka AD Skopje Cyclically Adjusted PS Ratio Chart

Komercijalna Banka AD Skopje Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.55 5.32 5.13 5.87 10.82

Komercijalna Banka AD Skopje Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.00 10.82 0.00 0.00 0.00

XMAE:KMB vs PNC, USB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Komercijalna Banka AD Skopje'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.


Komercijalna Banka AD Skopje Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Komercijalna Banka AD Skopje's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Komercijalna Banka AD Skopje's Cyclically Adjusted PS Ratio falls into.


XMAE:KMB
60GF Score
Komercijalna Banka AD Skopje XMAE:KMB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Komercijalna Banka AD Skopje 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.

Komercijalna Banka AD Skopje's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26400.00/2614.93
=10.10

* 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.

Komercijalna Banka AD Skopje's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Komercijalna Banka AD Skopje's adjusted Revenue per Share data for the fiscal year that ended in Dec24 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=3621.53/315.6050*315.6050
=3,621.530

Current CPI (Dec24) = 315.6050.

Komercijalna Banka AD Skopje Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201512 1,935.864 236.525 2,583.103
201612 1,888.762 241.432 2,469.030
201712 2,113.293 246.524 2,705.480
201812 2,025.389 251.233 2,544.343
201912 1,761.714 256.974 2,163.665
202012 2,180.677 260.474 2,642.231
202112 1,851.932 278.802 2,096.395
202212 2,109.661 296.797 2,243.350
202312 2,993.670 306.746 3,080.129
202412 3,621.530 315.605 3,621.530

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.

What does a Cyclically Adjusted PS Ratio of 10.10 mean?
Komercijalna Banka AD Skopje (XMAE:KMB) has a Cyclically Adjusted PS Ratio of 10.10 as of Jul. 26, 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 Komercijalna Banka AD Skopje and its competitors. This is 10% above median its historical median of 9.18. Over the past decade, Komercijalna Banka AD Skopje's Cyclically Adjusted PS Ratio has ranged from 6.20 to 11.78. According to the industry distribution chart, Komercijalna Banka AD Skopje ranks #1259 out of 1302 companies in the Banks industry, placing it in the top 96.7%.
Is Komercijalna Banka AD Skopje's Cyclically Adjusted PS Ratio too high?
Komercijalna Banka AD Skopje's current Cyclically Adjusted PS Ratio of 10.10 is 10% above median its 10-year median of 9.18. Over the past 10 years, this metric has ranged from a low of 6.20 to a high of 11.78. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Komercijalna Banka AD Skopje's value of 10.10 is 196.2% above this industry median. Based on the distribution chart, Komercijalna Banka AD Skopje ranks #1259 out of 1302 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Komercijalna Banka AD Skopje has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Komercijalna Banka AD Skopje's Cyclically Adjusted PS Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Komercijalna Banka AD Skopje ranks #1259 out of 1302 companies for Cyclically Adjusted PS Ratio. This places Komercijalna Banka AD Skopje in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. Komercijalna Banka AD Skopje's value of 10.10 is 196.2% above this benchmark. Historically, Komercijalna Banka AD Skopje's own Cyclically Adjusted PS Ratio has ranged from 6.20 to 11.78 over the past decade. While the company's 10-year median is 9.18 vs. the industry median of 3.41, Komercijalna Banka AD Skopje 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.41, based on 1,302 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. Komercijalna Banka AD Skopje's current Cyclically Adjusted PS Ratio of 10.10 is 196.2% 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 Komercijalna Banka AD Skopje and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Komercijalna Banka AD Skopje's current Cyclically Adjusted PS Ratio is 10.10, which is 10% above median its own 10-year median of 9.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Komercijalna Banka AD Skopje stock overvalued right now?
Based on GuruFocus' analysis, Komercijalna Banka AD Skopje (XMAE:KMB) is currently considered Fairly Valued. The stock's GF Value™ is MKD28,127.29, compared to a current price of MKD26,400.00 — trading 6.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.10, which is 10% above median its 10-year median of 9.18 and 196.2% above the Banks industry median of 3.41. Komercijalna Banka AD Skopje's overall GF Score™ is 60/100 with 3 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 Komercijalna Banka AD Skopje (XMAE:KMB), the current Cyclically Adjusted PS Ratio is 10.10 as of Jul. 26, 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 Komercijalna Banka AD Skopje (XMAE:KMB) Overvalued in 2026?

Based on GuruFocus' analysis, Komercijalna Banka AD Skopje stock appears to be undervalued. The current stock price of MKD26,400.00 is trading 6.1% below its estimated GF Value™ of MKD28,127.29. GuruFocus considers Komercijalna Banka AD Skopje to be Fairly Valued.

Key valuation signals for XMAE:KMB:

  • Cyclically Adjusted PS Ratio: 10.10 (10% above median its 10-year median of 9.18)
  • GF Value™: MKD28,127.29 vs. price of MKD26,400.00 (6.1% below fair value)
  • GF Score™: 60/100 with 3 warning signs
  • Industry Position: 196.2% above the Banks median (#1259 of 1302)

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


Komercijalna Banka AD Skopje Business Description

Address St.Orce Nikolov Street no. 3, P.O. Box 563, Skopje, MKD, 1000
Komercijalna Banka AD Skopje is a commercial bank. The principal activities of the bank are - collecting deposits, placing loans and advances domestically and abroad, factoring and financing commercial transactions, foreign exchange operations, fast money transfer, trading with foreign currencies, trading with securities, services of a bank-custodian of investment and pension funds, intermediating in selling insurance policies, data collection and analysis of company's credit rating, and many others. It operates in the Republic of Macedonia, Europe, and other EU member countries.
60GF Score

Get the complete analysis for XMAE:KMB

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

MKD26,400.00
Price
MKD28,127.29
GF Value