Binect AG (XTER:MA10) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: 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
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.

XTER:MA10 Binect AG XTER:MA10
71 GF Score
Price €1.79
GF Value €3.29
Valuation Significantly Undervalued
! 8 Warning Signs
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What is Binect AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Binect AG  (XTER:MA10) 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.


Binect AG Cyclically Adjusted PS Ratio Related Terms


Binect AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Binect 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.

Binect AG Cyclically Adjusted PS Ratio Chart

Binect 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 - - - 0.41 0.36

Binect AG Semi-Annual Data
Dec14 Jun15 Jun16 Dec16 Jun17 Dec17 Jun18 Jun19 Dec19 Jun20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.69 0.70 0.41 0.49 0.36

XTER:MA10 vs CRM, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Binect 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.


Binect AG Cyclically Adjusted PS Ratio vs Software Industry

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

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


XTER:MA10
71GF Score
Binect AG XTER:MA10
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Binect 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.

Binect AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Binect AG's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=6.903/129.3606*129.3606
=6.903

Current CPI (Dec25) = 129.3606.

Binect AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 3.962 101.217 5.064
201712 2.914 102.617 3.673
201812 0.428 104.217 0.531
201912 3.437 105.818 4.202
202012 3.331 105.518 4.084
202112 3.087 110.384 3.618
202212 3.833 119.345 4.155
202312 4.558 123.773 4.764
202412 6.529 127.041 6.648
202512 6.903 129.361 6.903

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 Binect AG (XTER:MA10) Overvalued in 2026?

Based on GuruFocus' analysis, Binect AG stock appears to be undervalued. The current stock price of €1.79 is trading 45.6% below its estimated GF Value™ of €3.29. GuruFocus considers Binect AG to be Significantly Undervalued.

Key valuation signals for XTER:MA10:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €3.29 vs. price of €1.79 (45.6% below fair value)
  • GF Score™: 71/100 with 8 warning signs

No single metric tells the full story. See the XTER:MA10 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Binect AG Business Description

Other Exchanges MA10:Germany
Address Brunnenweg 17, Weiterstadt, HE, DEU, 64331
Binect AG is a German management holding company. Along with its subsidiaries, it is engaged in the digitization of document-based business communication. The group digitizes all processes of document incoming and outgoing communication, such as contracts and invoices, with its solutions and the Binect ONE platform. Binect is also focused on venturing into the field of Intelligent Document Processing (IDP), which involves, among other things, using self-learning software components to process document content and transform it into digitally usable and processable data. The group develops and integrates its digital modules and solutions for medium-sized businesses, government agencies, and other institutions.
71GF Score

Get the complete analysis for XTER:MA10

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

€1.79
Price
€3.29
GF Value