Zagrebacka Burza DD (ZAG:ZB) Cyclically Adjusted PS Ratio: 3.47 (As of Aug. 04, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

ZAG:ZB Zagrebacka Burza DD ZAG:ZB
77 GF Score
Price €6.25
GF Value €4.43
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Zagrebacka Burza DD Cyclically Adjusted PS Ratio?

Zagrebacka Burza DD ZAG:ZB +5.93% 77 Cyclically Adjusted PS Ratio is 3.47 as of Aug. 04, 2026, which is 4% above its 10-year median of 3.33. GuruFocus rates ZAG:ZB with a GF Score™ of 77/100 and a GF Value™ of €4.43 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 606 Capital Markets companies, Zagrebacka Burza DD ranks worse than 50.17% on this metric.

As of today (2026-08-04), Zagrebacka Burza DD's current share price is €6.25. Zagrebacka Burza DD's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €1.80. Zagrebacka Burza DD's Cyclically Adjusted PS Ratio for today is 3.47.

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

ZAG:ZB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.52   Med: 3.33   Max: 4.11
Current: 3.38

During the past 12 years, Zagrebacka Burza DD's highest Cyclically Adjusted PS Ratio was 4.11. The lowest was 1.52. And the median was 3.33.

ZAG:ZB's Cyclically Adjusted PS Ratio is ranked worse than
50.17% of 606 companies
in the Capital Markets industry
Industry Median: 3.36 vs ZAG:ZB: 3.38

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.

Zagrebacka Burza DD's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €2.184. 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 €1.80 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zagrebacka Burza DD  (ZAG:ZB) 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.


Zagrebacka Burza DD Cyclically Adjusted PS Ratio Related Terms


Zagrebacka Burza DD Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zagrebacka Burza DD'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.

Zagrebacka Burza DD Cyclically Adjusted PS Ratio Chart

Zagrebacka Burza DD 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 0.00 0.00 1.73 1.52 4.11

Zagrebacka Burza DD Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 1.52 0.00 0.00 0.00 4.11

ZAG:ZB vs SPGI, CME, ICE: Cyclically Adjusted PS Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Zagrebacka Burza DD'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.


Zagrebacka Burza DD Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Zagrebacka Burza DD's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ZAG:ZB
77GF Score
Zagrebacka Burza DD ZAG:ZB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zagrebacka Burza DD 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.

Zagrebacka Burza DD's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.25/1.80
=3.47

* 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.

Zagrebacka Burza DD's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Zagrebacka Burza DD'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)
=2.184/324.0540*324.0540
=2.184

Current CPI (Dec25) = 324.0540.

Zagrebacka Burza DD Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 1.342 241.432 1.801
201712 1.333 246.524 1.752
201812 1.377 251.233 1.776
201912 1.447 256.974 1.825
202012 1.471 260.474 1.830
202112 1.453 278.802 1.689
202212 1.605 296.797 1.752
202312 1.555 306.746 1.643
202412 1.726 315.605 1.772
202512 2.184 324.054 2.184

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 3.47 mean?
Zagrebacka Burza DD (ZAG:ZB) has a Cyclically Adjusted PS Ratio of 3.47 as of Aug. 04, 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 Zagrebacka Burza DD and its competitors. This is near median its historical median of 3.33. Over the past decade, Zagrebacka Burza DD's Cyclically Adjusted PS Ratio has ranged from 1.52 to 4.11. According to the industry distribution chart, Zagrebacka Burza DD ranks #304 out of 606 companies in the Capital Markets industry, placing it in the top 50.2%.
Is Zagrebacka Burza DD's Cyclically Adjusted PS Ratio too high?
Zagrebacka Burza DD's current Cyclically Adjusted PS Ratio of 3.47 is near median its 10-year median of 3.33. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 4.11. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.36. Zagrebacka Burza DD's value of 3.47 is 3.3% above this industry median. Based on the distribution chart, Zagrebacka Burza DD ranks #304 out of 606 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Zagrebacka Burza DD has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zagrebacka Burza DD's Cyclically Adjusted PS Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Zagrebacka Burza DD ranks #304 out of 606 companies for Cyclically Adjusted PS Ratio. This places Zagrebacka Burza DD in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.36. Zagrebacka Burza DD's value of 3.47 is 3.3% above this benchmark. Historically, Zagrebacka Burza DD's own Cyclically Adjusted PS Ratio has ranged from 1.52 to 4.11 over the past decade. While the company's 10-year median is 3.33 vs. the industry median of 3.36, Zagrebacka Burza DD 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 Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.36, based on 606 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. Zagrebacka Burza DD's current Cyclically Adjusted PS Ratio of 3.47 is 3.3% 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 Zagrebacka Burza DD and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zagrebacka Burza DD's current Cyclically Adjusted PS Ratio is 3.47, which is near median its own 10-year median of 3.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zagrebacka Burza DD stock overvalued right now?
Based on GuruFocus' analysis, Zagrebacka Burza DD (ZAG:ZB) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.43, compared to a current price of €6.25 — trading 41.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.47, which is near median its 10-year median of 3.33 and 3.3% above the Capital Markets industry median of 3.36. Zagrebacka Burza DD's overall GF Score™ is 77/100 with 2 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 Zagrebacka Burza DD (ZAG:ZB), the current Cyclically Adjusted PS Ratio is 3.47 as of Aug. 04, 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 Zagrebacka Burza DD (ZAG:ZB) Overvalued in 2026?

Based on GuruFocus' analysis, Zagrebacka Burza DD stock appears to be overvalued. The current stock price of €6.25 is trading 41.1% above its estimated GF Value™ of €4.43. GuruFocus considers Zagrebacka Burza DD to be Significantly Overvalued.

Key valuation signals for ZAG:ZB:

  • Cyclically Adjusted PS Ratio: 3.47 (near median its 10-year median of 3.33)
  • GF Value™: €4.43 vs. price of €6.25 (41.1% above fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 3.3% above the Capital Markets median (#304 of 606)

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


Zagrebacka Burza DD Business Description

Address Ivana Lu?i?a 2a/22, Zagreb, HRV, 10000
Zagrebacka Burza DD is a Croatian stock exchange. It is engaged in managing a regulated market, collecting, processing and publishing data on trade and managing multilateral trading platform.
77GF Score

Get the complete analysis for ZAG:ZB

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

€6.25
Price
€4.43
GF Value