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IPAS IndexoFRA:S9S 71 PS Ratio is 7.21 as of Jul. 15, 2026, which is 48% below its 10-year median of 13.75. GuruFocus rates FRA:S9S with a GF Score™ of 71/100 and a GF Value™ of €14.29. The stock has 8 warning signs investors should review. Among 1,410 Asset Management companies, IPAS Indexo ranks worse than 51.84% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, IPAS Indexo's share price is €8.18.
IPAS Indexo's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €1.13. Hence, IPAS Indexo's PS Ratio for today is 7.21.
Good Sign:
IPAS Indexo stock PS Ratio (=7.6) is close to 5-year low of 7.51.
The historical rank and industry rank for IPAS Indexo's PS Ratio or its related term are showing as below:
FRA:S9S'
s PS Ratio Range Over the Past 10 Years
Min: 7.51 Med: 13.75 Max: 26.72
Current: 7.6
During the past 8 years, IPAS Indexo's highest PS Ratio was 26.72. The lowest was 7.51. And the median was 13.75.
FRA:S9S's PS Ratio is ranked worse than 51.84% of 1410
companies
in the Asset Management industry
Industry Median: 7.3
vs FRA:S9S: 7.60
IPAS Indexo revenue growth has slowed down over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of IPAS Indexo was 11.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 14.40% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 24.90% per year.
During the past 8 years, IPAS Indexo's highest 3-Year average Revenue per Share Growth Rate was 73.60% per year. The lowest was 14.40% per year. And the median was 38.10% per year.
Back to Basics: PS Ratio
IPAS Indexo (FRA:S9S) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
IPAS Indexo PS Ratio Related Terms
IPAS Indexo PS Ratio Historical Data
* Premium members only.
The historical data trend for IPAS Indexo's 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.
For the Asset Management subindustry, IPAS Indexo's PS Ratio, along with its competitors' market caps and 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.
IPAS Indexo PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, IPAS Indexo's PS Ratio distribution charts can be found below:
* The bar in red indicates where IPAS Indexo's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
IPAS Indexo's Share Price of today is €8.18. IPAS Indexo's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1.13.
* 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.
It can also be calculated from the numbers for the whole company:
IPAS Indexo (FRA:S9S) has a PS Ratio of 7.21 as of Jul. 15, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on IPAS Indexo and its competitors. This is 48% below median its historical median of 13.75. Over the past decade, IPAS Indexo's PS Ratio has ranged from 7.51 to 26.72. According to the industry distribution chart, IPAS Indexo ranks #731 out of 1410 companies in the Asset Management industry, placing it in the top 51.8%.
Is IPAS Indexo's PS Ratio too high?
IPAS Indexo's current PS Ratio of 7.21 is 48% below median its 10-year median of 13.75. Over the past 10 years, this metric has ranged from a low of 7.51 to a high of 26.72. The Asset Management industry median PS Ratio is 7.30. IPAS Indexo's value of 7.21 is 1.2% below this industry median. Based on the distribution chart, IPAS Indexo ranks #731 out of 1410 companies in the Asset Management industry, which is below the industry midpoint. Overall, IPAS Indexo has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does IPAS Indexo's PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, IPAS Indexo ranks #731 out of 1410 companies for PS Ratio. This places IPAS Indexo in the lower half of its industry. The industry median PS Ratio is 7.30. IPAS Indexo's value of 7.21 is 1.2% below this benchmark. Historically, IPAS Indexo's own PS Ratio has ranged from 7.51 to 26.72 over the past decade. While the company's 10-year median is 13.75 vs. the industry median of 7.30, IPAS Indexo 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 PS Ratio for an Asset Management company?
The median PS Ratio among Asset Management companies is 7.30, based on 1,410 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IPAS Indexo's current PS Ratio of 7.21 is 1.2% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on IPAS Indexo and its competitors. For the Asset Management industry, the median PS Ratio is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPAS Indexo's current PS Ratio is 7.21, which is 48% below median its own 10-year median of 13.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPAS Indexo stock overvalued right now?
IPAS Indexo (FRA:S9S) has a current PS Ratio of 7.21. The stock's GF Value™ is €14.29, compared to a current price of €8.18 — trading 42.8% below its estimated fair value. The current PS Ratio is 7.21, which is 48% below median its 10-year median of 13.75 and 1.2% below the Asset Management industry median of 7.30. IPAS Indexo's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For IPAS Indexo (FRA:S9S), the current PS Ratio is 7.21 as of Jul. 15, 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 IPAS Indexo (FRA:S9S) Overvalued in 2026?
Based on GuruFocus' analysis, IPAS Indexo stock appears to be undervalued.
The current stock price of €8.18 is trading 42.8% below its estimated GF Value™ of €14.29.
Key valuation signals for FRA:S9S:
PS Ratio: 7.21 (48% below median its 10-year median of 13.75)
GF Value™: €14.29 vs. price of €8.18 (42.8% below fair value)
Industry Position: 1.2% below the Asset Management median (#731 of 1410)
No single metric tells the full story. See the FRA:S9S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPAS Indexo is a licensed investment management company. Along with its subsidiaries, it operates in the following segments: Asset management, Bank development, and Non-bank lending. Maximum revenue is generated from the Asset Management segment, which includes management of the assets of state-funded pension scheme investment plans and private pension scheme investment plans. The Bank development segment represents the income generated from the provision of various banking services (including accepting deposits, granting loans, offering payment solutions, issuing credit cards, etc.) by its banking subsidiary, and the Non-bank lending represents its non-bank lending activities. Geographically, the group's maximum revenue is generated from Latvia, and rest from the European Economic Area.
71GF Score
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