Brown-Forman (BSP:B1FC34) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

BSP:B1FC34 Brown-Forman Corp BSP:B1FC34
76 GF Score
Price R$136.08
GF Value R$152.77
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Brown-Forman Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Brown-Forman  (BSP:B1FC34) 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.


Brown-Forman Cyclically Adjusted PS Ratio Related Terms


Brown-Forman Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Brown-Forman'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.

Brown-Forman Cyclically Adjusted PS Ratio Chart

Brown-Forman Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.10 11.03 7.81 5.20 3.07

Brown-Forman 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 4.35 3.64 3.44 3.06 3.10

BSP:B1FC34 vs MGPI, AGCC, SNDL: Cyclically Adjusted PS Ratio Comparison

For the Beverages - Wineries & Distilleries subindustry, Brown-Forman'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.


Brown-Forman Cyclically Adjusted PS Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Brown-Forman's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BSP:B1FC34
76GF Score
Brown-Forman Corp BSP:B1FC34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Brown-Forman 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.

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

For example, Brown-Forman'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)
=10.097/333.9180*333.9180
=10.097

Current CPI (Jul. 2026) = 333.9180.

Brown-Forman Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201610 5.379 241.729 7.430
201701 5.405 242.839 7.432
201704 4.458 244.524 6.088
201707 3.880 244.786 5.293
201710 4.799 246.663 6.497
201801 4.754 247.867 6.404
201804 5.014 250.546 6.682
201807 5.913 252.006 7.835
201810 7.359 252.885 9.717
201901 7.120 251.712 9.445
201904 5.885 255.548 7.690
201907 6.157 256.571 8.013
201910 8.336 257.346 10.816
202001 7.704 257.971 9.972
202004 7.017 256.389 9.139
202007 8.349 259.101 10.760
202010 11.170 260.388 14.324
202101 10.109 261.582 12.904
202104 9.387 267.054 11.737
202107 9.742 273.003 11.916
202110 11.026 276.589 13.311
202201 11.965 281.148 14.211
202204 10.247 289.109 11.835
202207 10.587 296.276 11.932
202210 11.665 298.012 13.070
202301 11.779 299.170 13.147
202304 11.147 303.363 12.270
202307 10.542 305.691 11.515
202310 11.357 307.671 12.326
202401 11.031 308.417 11.943
202404 10.214 313.548 10.878
202407 10.722 314.540 11.383
202410 12.909 315.664 13.655
202501 12.943 317.671 13.605
202504 10.923 320.795 11.370
202507 10.913 323.048 11.280
202510 11.899 0.000
202601 12.353 325.252 12.682
202604 10.272 333.020 10.300
202607 10.097 333.918 10.097

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 Brown-Forman (BSP:B1FC34) Overvalued in 2026?

Based on GuruFocus' analysis, Brown-Forman stock appears to be undervalued. The current stock price of R$136.08 is trading 10.9% below its estimated GF Value™ of R$152.77. GuruFocus considers Brown-Forman to be Modestly Undervalued.

Key valuation signals for BSP:B1FC34:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$152.77 vs. price of R$136.08 (10.9% below fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the BSP:B1FC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Brown-Forman Business Description

Address 850 Dixie Highway, Louisville, KY, USA, 40210
Brown-Forman is a US-based manufacturer of premium distilled spirits. It generates over 70% of its revenue in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generated 44% of fiscal 2025 sales from the US, while the bulk of international revenue comes from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and 67% of the voting power in the company.
76GF Score

Get the complete analysis for BSP:B1FC34

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

R$136.08
Price
R$152.77
GF Value