Shepherd Neame (AQSE:SHEP) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan 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
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.

AQSE:SHEP Shepherd Neame Ltd AQSE:SHEP
63 GF Score
Price £4.62
GF Value £6.32
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Shepherd Neame Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shepherd Neame  (AQSE:SHEP) 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.


Shepherd Neame Cyclically Adjusted PS Ratio Related Terms


Shepherd Neame Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Shepherd Neame'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.

Shepherd Neame Cyclically Adjusted PS Ratio Chart

Shepherd Neame Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 0.76 0.61 0.58 0.43

Shepherd Neame Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 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 0.64 0.57 0.44 0.42 0.41

AQSE:SHEP vs MCD, SBUX, CMG: Cyclically Adjusted PS Ratio Comparison

For the Restaurants subindustry, Shepherd Neame'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.


Shepherd Neame Cyclically Adjusted PS Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Shepherd Neame's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


AQSE:SHEP
63GF Score
Shepherd Neame Ltd AQSE:SHEP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shepherd Neame 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.

Shepherd Neame's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Shepherd Neame's adjusted Revenue per Share data for the fiscal year that ended in Jun25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=11.129/138.4000*138.4000
=11.129

Current CPI (Jun25) = 138.4000.

Shepherd Neame Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201606 9.394 101.000 12.873
201706 10.482 103.500 14.017
201806 10.544 105.900 13.780
201906 9.831 107.900 12.610
202006 8.023 108.800 10.206
202106 5.886 111.400 7.313
202206 10.207 120.500 11.723
202306 11.190 129.400 11.968
202406 11.670 133.000 12.144
202506 11.129 138.400 11.129

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 Shepherd Neame (AQSE:SHEP) Overvalued in 2026?

Based on GuruFocus' analysis, Shepherd Neame stock appears to be undervalued. The current stock price of £4.62 is trading 26.9% below its estimated GF Value™ of £6.32. GuruFocus considers Shepherd Neame to be Modestly Undervalued.

Key valuation signals for AQSE:SHEP:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: £6.32 vs. price of £4.62 (26.9% below fair value)
  • GF Score™: 63/100 with 4 warning signs

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


Shepherd Neame Business Description

Other Exchanges 43Y:Germany
Address 17 Court Street, Faversham, Kent, GBR, ME13 7AX
Shepherd Neame Ltd brews and packages beer, wholesales and retails beer, cider, wines, spirits, and minerals, owns property and public houses, and provides hotel management services. Its segments are Brewing and Brands, Retail Pubs and Hotels, and Tenanted Pubs, with the majority of revenue coming from Retail Pubs and Hotels. The company brews and distributes its own beers, including Spitfire, Bishops Finger, Whitstable Bay, Bear Island, Creekside IPA, First Drop Session IPA, and Iron Wharf Stout. It also brews licensed international lagers like Singha. The company operates in the UK and internationally, with the majority of revenue coming from the UK.
63GF Score

Get the complete analysis for AQSE:SHEP

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

£4.62
Price
£6.32
GF Value