Photon Energy NV (XPRA:PEN) Cyclically Adjusted PS Ratio: 0.31 (As of Jul. 24, 2026) — 88% Below Median

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XPRA:PEN Photon Energy NV XPRA:PEN
51 GF Score
Price Kč6.76
GF Value Kč34.94
Valuation Possible Value Trap
! 6 Warning Signs
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What is Photon Energy NV Cyclically Adjusted PS Ratio?

Photon Energy NV XPRA:PEN +0.90% 51 Cyclically Adjusted PS Ratio is 0.31 as of Jul. 24, 2026, which is 88% below its 10-year median of 2.60. GuruFocus rates XPRA:PEN with a GF Score™ of 51/100 and a GF Value™ of Kč34.94 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 733 Semiconductors companies, Photon Energy NV ranks better than 93.04% on this metric.

As of today (2026-07-24), Photon Energy NV's current share price is Kč6.76. Photon Energy NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was Kč22.07. Photon Energy NV's Cyclically Adjusted PS Ratio for today is 0.31.

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

XPRA:PEN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.26   Med: 2.6   Max: 7.39
Current: 0.28

During the past years, Photon Energy NV's highest Cyclically Adjusted PS Ratio was 7.39. The lowest was 0.26. And the median was 2.60.

XPRA:PEN's Cyclically Adjusted PS Ratio is ranked better than
93.04% of 733 companies
in the Semiconductors industry
Industry Median: 2.96 vs XPRA:PEN: 0.28

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.

Photon Energy NV's adjusted revenue per share data for the three months ended in Mar. 2026 was Kč6.975. 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 Kč22.07 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Photon Energy NV  (XPRA:PEN) 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.


Photon Energy NV Cyclically Adjusted PS Ratio Related Terms


Photon Energy NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Photon Energy NV'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.

Photon Energy NV Cyclically Adjusted PS Ratio Chart

Photon Energy NV 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 3.39 5.13 2.82 1.24 0.47

Photon Energy NV 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 1.00 0.88 0.71 0.47 0.29

XPRA:PEN vs FSLR, NXT, ENPH: Cyclically Adjusted PS Ratio Comparison

For the Solar subindustry, Photon Energy NV'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.


Photon Energy NV Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Photon Energy NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XPRA:PEN
51GF Score
Photon Energy NV XPRA:PEN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Photon Energy NV 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.

Photon Energy NV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.76/22.07
=0.31

* 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.

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

For example, Photon Energy NV'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)
=6.975/136.9100*136.9100
=6.975

Current CPI (Mar. 2026) = 136.9100.

Photon Energy NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.406 100.260 3.286
201609 2.438 100.570 3.319
201612 0.893 100.710 1.214
201703 1.449 101.440 1.956
201706 2.704 101.370 3.652
201709 2.513 102.030 3.372
201712 1.830 101.970 2.457
201803 1.837 102.470 2.454
201806 3.388 103.100 4.499
201809 3.086 103.950 4.064
201812 1.825 103.970 2.403
201903 2.110 105.370 2.742
201906 3.979 105.840 5.147
201909 5.198 106.700 6.670
201912 3.861 106.800 4.950
202003 2.760 106.850 3.536
202006 4.631 107.510 5.897
202009 4.676 107.880 5.934
202012 2.428 107.850 3.082
202103 2.337 108.870 2.939
202106 4.669 109.670 5.829
202109 4.603 110.790 5.688
202112 5.265 114.010 6.323
202203 4.060 119.460 4.653
202206 10.207 119.050 11.738
202209 15.443 126.890 16.662
202212 11.318 124.940 12.402
202303 8.915 124.720 9.786
202306 7.266 125.830 7.906
202309 7.846 127.160 8.448
202312 4.587 126.450 4.966
202403 7.176 128.580 7.641
202406 9.682 129.910 10.204
202409 9.456 131.610 9.837
202412 10.833 131.630 11.268
202503 9.006 133.330 9.248
202506 10.429 133.960 10.659
202509 9.847 135.920 9.919
202512 7.258 135.270 7.346
202603 6.975 136.910 6.975

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 0.31 mean?
Photon Energy NV (XPRA:PEN) has a Cyclically Adjusted PS Ratio of 0.31 as of Jul. 24, 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 Photon Energy NV and its competitors. This is 88% below median its historical median of 2.60. Over the past decade, Photon Energy NV's Cyclically Adjusted PS Ratio has ranged from 0.26 to 7.39. According to the industry distribution chart, Photon Energy NV ranks #51 out of 733 companies in the Semiconductors industry, placing it in the top 7%.
Is Photon Energy NV's Cyclically Adjusted PS Ratio too high?
Photon Energy NV's current Cyclically Adjusted PS Ratio of 0.31 is 88% below median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 7.39. The Semiconductors industry median Cyclically Adjusted PS Ratio is 2.96. Photon Energy NV's value of 0.31 is 89.5% below this industry median. Based on the distribution chart, Photon Energy NV ranks #51 out of 733 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Photon Energy NV has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Photon Energy NV's Cyclically Adjusted PS Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Photon Energy NV ranks #51 out of 733 companies for Cyclically Adjusted PS Ratio. This places Photon Energy NV in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 2.96. Photon Energy NV's value of 0.31 is 89.5% below this benchmark. Historically, Photon Energy NV's own Cyclically Adjusted PS Ratio has ranged from 0.26 to 7.39 over the past decade. While the company's 10-year median is 2.60 vs. the industry median of 2.96, Photon Energy NV has consistently been below 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 2.96, based on 733 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. Photon Energy NV's current Cyclically Adjusted PS Ratio of 0.31 is 89.5% below 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 Photon Energy NV and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 2.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photon Energy NV's current Cyclically Adjusted PS Ratio is 0.31, which is 88% below median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photon Energy NV stock overvalued right now?
Based on GuruFocus' analysis, Photon Energy NV (XPRA:PEN) is currently considered Possible Value Trap. The stock's GF Value™ is Kč34.94, compared to a current price of Kč6.76 — trading 80.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.31, which is 88% below median its 10-year median of 2.60 and 89.5% below the Semiconductors industry median of 2.96. Photon Energy NV's overall GF Score™ is 51/100 with 6 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 Photon Energy NV (XPRA:PEN), the current Cyclically Adjusted PS Ratio is 0.31 as of Jul. 24, 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 Photon Energy NV (XPRA:PEN) Overvalued in 2026?

Based on GuruFocus' analysis, Photon Energy NV stock appears to be undervalued. The current stock price of Kč6.76 is trading 80.7% below its estimated GF Value™ of Kč34.94. GuruFocus considers Photon Energy NV to be Possible Value Trap.

Key valuation signals for XPRA:PEN:

  • Cyclically Adjusted PS Ratio: 0.31 (88% below median its 10-year median of 2.60)
  • GF Value™: Kč34.94 vs. price of Kč6.76 (80.7% below fair value)
  • GF Score™: 51/100 with 6 warning signs
  • Industry Position: 89.5% below the Semiconductors median (#51 of 733)

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


Photon Energy NV Business Description

Other Exchanges PEN:PolandP7V:Germany
Address Barbara Strozzilaan 201, Amsterdam, NLD, 1083HN
Photon Energy NV is an investment holding company. It engages in the provision of solar power solutions and services. The company covers the entire life cycle of solar power systems. It operates through the following business segments: Engineering, Technology, Investment, Operations and Maintenance, New Energy, and Others. It generates the majority of its revenue from the New Energy segment. It has operations in the Czech Republic, Hungary, Poland, Australia, Romania, the Slovak Republic, and Germany. The firm generates the majority of revenue from the Czech Republic.
51GF Score

Get the complete analysis for XPRA:PEN

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

Kč6.76
Price
Kč34.94
GF Value