Sangoma Technologies (TSX:STC) Cyclically Adjusted Revenue per Share: C$11.53 (As of Mar. 2026)


TSX:STC Sangoma Technologies Corp TSX:STC
65 GF Score
Price C$5.80
GF Value C$5.99
Valuation Fairly Valued
! 2 Warning Signs
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What is Sangoma Technologies Cyclically Adjusted Revenue per Share?

Sangoma Technologies TSX:STC +1.58% 65 Cyclically Adjusted Revenue per Share is C$11.53 as of Mar. 2026. GuruFocus rates TSX:STC with a GF Score™ of 65/100 and a GF Value™ of C$5.99 (Fairly Valued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Sangoma Technologies's adjusted revenue per share for the three months ended in Mar. 2026 was C$2.110. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is C$11.53 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Sangoma Technologies's average Cyclically Adjusted Revenue Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 15.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Sangoma Technologies was 21.40% per year. The lowest was 7.00% per year. And the median was 12.40% per year.

As of today (2026-07-12), Sangoma Technologies's current stock price is C$5.80. Sangoma Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$11.53. Sangoma Technologies's Cyclically Adjusted PS Ratio of today is 0.50.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Sangoma Technologies was 4.99. The lowest was 0.34. And the median was 1.26.


Sangoma Technologies  (TSX:STC) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Sangoma Technologies's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.80/11.53
=0.50

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Sangoma Technologies was 4.99. The lowest was 0.34. And the median was 1.26.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Sangoma Technologies Cyclically Adjusted Revenue per Share Related Terms


Sangoma Technologies Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Sangoma Technologies's Cyclically Adjusted Revenue per Share 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.

Sangoma Technologies Cyclically Adjusted Revenue per Share Chart

Sangoma Technologies Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.52 8.67 9.57 10.40 11.11

Sangoma Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 10.96 11.11 11.23 11.30 11.53

TSX:STC vs MSFT, ORCL, PLTR: Cyclically Adjusted Revenue per Share Comparison

For the Software - Infrastructure subindustry, Sangoma Technologies'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.


Sangoma Technologies Cyclically Adjusted PS Ratio vs Software Industry

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

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


TSX:STC
65GF Score
Sangoma Technologies Corp TSX:STC
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sangoma Technologies Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Sangoma Technologies'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)
=2.11/132.2623*132.2623
=2.110

Current CPI (Mar. 2026) = 132.2623.

Sangoma Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.320 102.002 1.712
201609 1.230 101.765 1.599
201612 1.373 101.449 1.790
201703 1.384 102.634 1.784
201706 1.568 103.029 2.013
201709 2.247 103.345 2.876
201712 2.269 103.345 2.904
201803 2.270 105.004 2.859
201806 2.473 105.557 3.099
201809 2.883 105.636 3.610
201812 3.920 105.399 4.919
201903 3.624 106.979 4.480
201906 4.278 107.690 5.254
201909 2.863 107.611 3.519
201912 3.149 107.769 3.865
202003 3.251 107.927 3.984
202006 3.592 108.401 4.383
202009 2.396 108.164 2.930
202012 2.149 108.559 2.618
202103 2.208 110.298 2.648
202106 3.220 111.720 3.812
202109 2.057 112.905 2.410
202112 2.146 113.774 2.495
202203 2.124 117.646 2.388
202206 2.770 120.806 3.033
202209 2.593 120.648 2.843
202212 2.592 120.964 2.834
202303 2.760 122.702 2.975
202306 2.294 124.203 2.443
202309 2.574 125.230 2.719
202312 2.520 125.072 2.665
202403 2.492 126.258 2.611
202406 2.511 127.522 2.604
202409 2.439 127.285 2.534
202412 2.520 127.364 2.617
202503 2.493 129.181 2.552
202506 2.428 129.892 2.472
202509 2.115 130.287 2.147
202512 2.143 130.366 2.174
202603 2.110 132.262 2.110

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of C$11.53 mean?
Sangoma Technologies (TSX:STC) has a Cyclically Adjusted Revenue per Share of C$11.53 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Sangoma Technologies and its competitors.
Is Sangoma Technologies' Cyclically Adjusted Revenue per Share too high?
Sangoma Technologies' current Cyclically Adjusted Revenue per Share is C$11.53. Overall, Sangoma Technologies has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sangoma Technologies' Cyclically Adjusted Revenue per Share compare to MSFT and ORCL?
Sangoma Technologies' Cyclically Adjusted Revenue per Share of C$11.53 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Software company?
A good Cyclically Adjusted Revenue per Share depends on the Software industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Sangoma Technologies and its competitors. Sangoma Technologies's current Cyclically Adjusted Revenue per Share is C$11.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sangoma Technologies stock overvalued right now?
Based on GuruFocus' analysis, Sangoma Technologies (TSX:STC) is currently considered Fairly Valued. The stock's GF Value™ is C$5.99, compared to a current price of C$5.80 — trading 3.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is C$11.53. Sangoma Technologies' overall GF Score™ is 65/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Sangoma Technologies (TSX:STC), the current Cyclically Adjusted Revenue per Share is C$11.53 as of Mar. 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 Sangoma Technologies (TSX:STC) Overvalued in 2026?

Based on GuruFocus' analysis, Sangoma Technologies stock appears to be undervalued. The current stock price of C$5.80 is trading 3.2% below its estimated GF Value™ of C$5.99. GuruFocus considers Sangoma Technologies to be Fairly Valued.

Key valuation signals for TSX:STC:

  • Cyclically Adjusted Revenue per Share: C$11.53
  • GF Value™: C$5.99 vs. price of C$5.80 (3.2% below fair value)
  • GF Score™: 65/100 with 2 warning signs

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


Sangoma Technologies Business Description

Other Exchanges SANG:USA54GA:Germany
Address 333 Bay Street, Bay-Adelaide Centre, Suite 3400, Toronto, ON, CAN, M5H 2S7
Sangoma Technologies Corp is a provider of hardware and software components that enable or enhance Internet Protocol Communications Systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications. Its product includes data and telecom boards for media and signal processing, as well as gateway appliances and software. The Company sells into two geographic centers: USA and Other countries. Key revenue is generated from USA.
65GF Score

Get the complete analysis for TSX:STC

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

C$5.80
Price
C$5.99
GF Value