AudioCodes (XTAE:AUDC) Cyclically Adjusted PS Ratio: 1.20 (As of Sep. 10, 2026) — 47% Below Median

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XTAE:AUDC AudioCodes Ltd XTAE:AUDC
49 GF Score
Price ₪30.15
! 6 Warning Signs
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What is AudioCodes Cyclically Adjusted PS Ratio?

AudioCodes XTAE:AUDC +2.00% 49 Cyclically Adjusted PS Ratio is 1.20 as of Sep. 10, 2026, which is 47% below its 10-year median of 2.26. GuruFocus rates XTAE:AUDC with a GF Score™ of 49/100. The stock has 6 warning signs investors should review. Among 1,963 Hardware companies, AudioCodes ranks better than 54.46% on this metric.

As of today (2026-09-10), AudioCodes's current share price is ₪30.15. AudioCodes's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₪25.23. AudioCodes's Cyclically Adjusted PS Ratio for today is 1.20.

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

XTAE:AUDC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.93   Med: 2.26   Max: 10.53
Current: 1.2

During the past years, AudioCodes's highest Cyclically Adjusted PS Ratio was 10.53. The lowest was 0.93. And the median was 2.26.

XTAE:AUDC's Cyclically Adjusted PS Ratio is ranked better than
54.46% of 1963 companies
in the Hardware industry
Industry Median: 1.4 vs XTAE:AUDC: 1.20

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.

AudioCodes's adjusted revenue per share data for the three months ended in Jun. 2026 was ₪7.447. 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 ₪25.23 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AudioCodes  (XTAE:AUDC) 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.


AudioCodes Cyclically Adjusted PS Ratio Related Terms


AudioCodes Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for AudioCodes'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.

AudioCodes Cyclically Adjusted PS Ratio Chart

AudioCodes 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 6.54 3.27 2.14 1.63 1.16

AudioCodes 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 1.43 1.35 1.16 1.07 1.14

XTAE:AUDC vs CSCO, MSI, LITE: Cyclically Adjusted PS Ratio Comparison

For the Communication Equipment subindustry, AudioCodes'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.


AudioCodes Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, AudioCodes's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XTAE:AUDC
49GF Score
AudioCodes Ltd XTAE:AUDC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AudioCodes 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.

AudioCodes's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=30.15/25.23
=1.20

* 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.

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

For example, AudioCodes'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)
=7.447/333.9520*333.9520
=7.447

Current CPI (Jun. 2026) = 333.9520.

AudioCodes Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.273 241.428 4.527
201612 3.397 241.432 4.699
201703 3.447 243.801 4.722
201706 3.619 244.955 4.934
201709 3.737 246.819 5.056
201712 4.061 246.524 5.501
201803 4.259 249.554 5.699
201806 4.457 251.989 5.907
201809 4.480 252.439 5.927
201812 4.569 251.233 6.073
201903 4.618 254.202 6.067
201906 4.905 256.143 6.395
201909 5.111 256.759 6.648
201912 5.174 256.974 6.724
202003 5.105 258.115 6.605
202006 5.085 257.797 6.587
202009 5.039 260.280 6.465
202012 5.224 260.474 6.698
202103 5.258 264.877 6.629
202106 5.432 271.696 6.677
202109 5.708 274.310 6.949
202112 6.035 278.802 7.229
202203 6.111 287.504 7.098
202206 6.404 296.311 7.218
202209 6.585 296.808 7.409
202212 6.696 296.797 7.534
202303 5.611 301.836 6.208
202306 5.545 305.109 6.069
202309 5.977 307.789 6.485
202312 6.267 306.746 6.823
202403 5.943 312.332 6.354
202406 5.977 314.175 6.353
202409 5.963 315.301 6.316
202412 6.202 315.605 6.563
202503 6.122 319.799 6.393
202506 6.339 322.561 6.563
202509 6.539 324.800 6.723
202512 6.843 324.054 7.052
202603 7.040 330.213 7.120
202606 7.447 333.952 7.447

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 1.20 mean?
AudioCodes (XTAE:AUDC) has a Cyclically Adjusted PS Ratio of 1.20 as of Sep. 10, 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 AudioCodes and its competitors. This is 47% below median its historical median of 2.26. Over the past decade, AudioCodes' Cyclically Adjusted PS Ratio has ranged from 0.93 to 10.53. According to the industry distribution chart, AudioCodes ranks #894 out of 1963 companies in the Hardware industry, placing it in the top 45.5%.
Is AudioCodes' Cyclically Adjusted PS Ratio too high?
AudioCodes' current Cyclically Adjusted PS Ratio of 1.20 is 47% below median its 10-year median of 2.26. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 10.53. The Hardware industry median Cyclically Adjusted PS Ratio is 1.40. AudioCodes' value of 1.20 is 14.3% below this industry median. Based on the distribution chart, AudioCodes ranks #894 out of 1963 companies in the Hardware industry, which is above the industry midpoint. Overall, AudioCodes has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does AudioCodes' Cyclically Adjusted PS Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, AudioCodes ranks #894 out of 1963 companies for Cyclically Adjusted PS Ratio. This puts AudioCodes in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.40. AudioCodes' value of 1.20 is 14.3% below this benchmark. Historically, AudioCodes' own Cyclically Adjusted PS Ratio has ranged from 0.93 to 10.53 over the past decade. While the company's 10-year median is 2.26 vs. the industry median of 1.40, AudioCodes 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.40, based on 1,963 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. AudioCodes's current Cyclically Adjusted PS Ratio of 1.20 is 14.3% 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 AudioCodes and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AudioCodes's current Cyclically Adjusted PS Ratio is 1.20, which is 47% below median its own 10-year median of 2.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AudioCodes stock overvalued right now?
AudioCodes (XTAE:AUDC) has a current Cyclically Adjusted PS Ratio of 1.20. The current Cyclically Adjusted PS Ratio is 1.20, which is 47% below median its 10-year median of 2.26 and 14.3% below the Hardware industry median of 1.40. AudioCodes' overall GF Score™ is 49/100 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 AudioCodes (XTAE:AUDC), the current Cyclically Adjusted PS Ratio is 1.20 as of Sep. 10, 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.

AudioCodes Business Description

Other Exchanges AUDC:USAAU1:Germany
Address 6 Ofra Haza Street, Park Naimi Building A, Or Yehuda, ISR, 6032303
AudioCodes Ltd provides voice communications solutions for enterprises, contact centers, and service providers, including voice infrastructure, cloud-based platforms, and Voice AI applications. Its AudioCodes Live Platform is a cloud-based service delivery platform that enables provisioning, management, and operation of voice and AI-based communication services, including PSTN connectivity and integration with platforms such as Microsoft Teams, Webex Calling, and Zoom Phone. The company's solutions are organized into three layers: voice infrastructure and devices, cloud-based platforms, and Voice AI applications for contact center and productivity use cases. It also offers management tools such as One Voice Operations Center (OVOC), Device Manager, and AudioCodes Routing Manager (ARM).
49GF Score

Get the complete analysis for XTAE:AUDC

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

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