Workday (XTER:W7D) Cyclically Adjusted PS Ratio: (As of Aug. 29, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:W7D Workday Inc XTER:W7D
62 GF Score
Price €176.04
GF Value €281.29
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Workday Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Workday  (XTER:W7D) 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.


Workday Cyclically Adjusted PS Ratio Related Terms


Workday Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Workday'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.

Workday Cyclically Adjusted PS Ratio Chart

Workday Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.61 12.89 17.22 13.10 7.56

Workday Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 10.59 10.68 7.56 4.99 0.00

XTER:W7D vs : Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Workday'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.


Workday Cyclically Adjusted PS Ratio vs Software Industry

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

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


XTER:W7D
62GF Score
Workday Inc XTER:W7D
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Workday 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.

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

For example, Workday's adjusted Revenue per Share data for the three months ended in Jul. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=9.411/333.9180*333.9180
=9.411

Current CPI (Jul. 2026) = 333.9180.

Workday Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201610 1.882 241.729 2.600
201701 2.050 242.839 2.819
201704 2.197 244.524 3.000
201707 2.200 244.786 3.001
201710 2.259 246.663 3.058
201801 2.264 247.867 3.050
201804 2.366 250.546 3.153
201807 2.663 252.006 3.529
201810 2.970 252.885 3.922
201901 3.135 251.712 4.159
201904 3.288 255.548 4.296
201907 3.498 256.571 4.553
201910 3.712 257.346 4.816
202001 3.816 257.971 4.939
202004 4.022 256.389 5.238
202007 3.915 259.101 5.045
202010 3.949 260.388 5.064
202101 3.855 261.582 4.921
202104 4.030 267.054 5.039
202107 4.101 273.003 5.016
202110 4.491 276.589 5.422
202201 4.783 281.148 5.681
202204 5.277 289.109 6.095
202207 5.935 296.276 6.689
202210 6.346 298.012 7.111
202301 5.937 299.170 6.627
202304 5.876 303.363 6.468
202307 6.109 305.691 6.673
202310 6.634 307.671 7.200
202401 6.562 308.417 7.105
202404 6.862 313.548 7.308
202407 7.174 314.540 7.616
202410 7.384 315.664 7.811
202501 7.910 317.671 8.315
202504 7.376 320.795 7.678
202507 7.448 323.048 7.699
202510 7.777 0.000
202601 8.181 325.252 8.399
202604 8.546 333.020 8.569
202607 9.411 333.918 9.411

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 Workday (XTER:W7D) Overvalued in 2026?

Based on GuruFocus' analysis, Workday stock appears to be undervalued. The current stock price of €176.04 is trading 37.4% below its estimated GF Value™ of €281.29. GuruFocus considers Workday to be Significantly Undervalued.

Key valuation signals for XTER:W7D:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €281.29 vs. price of €176.04 (37.4% below fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the XTER:W7D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Workday Business Description

Comparable Companies
Address 6110 Stoneridge Mall Road, Pleasanton, CA, USA, 94588
Workday is a software company that offers human capital management, financial management, and business planning solutions for enterprises. Known for being a cloud-only software provider, Workday was founded in 2005 and is headquartered in Pleasanton, California.
62GF Score

Get the complete analysis for XTER:W7D

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

€176.04
Price
€281.29
GF Value