ExxonMobil Holdings (BSP:EXXO34) 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
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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.

BSP:EXXO34 ExxonMobil Holdings Corp BSP:EXXO34
64 GF Score
Price R$102.06
GF Value R$81.50
Valuation Modestly Overvalued
! 4 Warning Signs
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What is ExxonMobil Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ExxonMobil Holdings  (BSP:EXXO34) 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.


ExxonMobil Holdings Cyclically Adjusted PS Ratio Related Terms


ExxonMobil Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ExxonMobil Holdings'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.

ExxonMobil Holdings Cyclically Adjusted PS Ratio Chart

ExxonMobil Holdings 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 1.40 2.04 1.58 1.98 1.86

ExxonMobil Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.67 1.68 1.85 2.36 1.83

BSP:EXXO34 vs CVX, NFG, DEC: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Integrated subindustry, ExxonMobil Holdings'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.


ExxonMobil Holdings Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ExxonMobil Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BSP:EXXO34
64GF Score
ExxonMobil Holdings Corp BSP:EXXO34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ExxonMobil Holdings 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.

ExxonMobil Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, ExxonMobil Holdings's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=17.105/333.9520*333.9520
=17.105

Current CPI (Jun. 2026) = 333.9520.

ExxonMobil Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.984 241.428 6.894
201612 5.229 241.432 7.233
201703 5.254 243.801 7.197
201706 5.269 244.955 7.183
201709 5.503 246.819 7.446
201712 6.210 246.524 8.412
201803 6.219 249.554 8.322
201806 7.537 251.989 9.989
201809 8.579 252.439 11.349
201812 7.585 251.233 10.082
201903 6.829 254.202 8.971
201906 7.740 256.143 10.091
201909 7.350 256.759 9.560
201912 7.634 256.974 9.921
202003 7.044 258.115 9.114
202006 5.117 257.797 6.629
202009 7.198 260.280 9.235
202012 7.270 260.474 9.321
202103 9.309 264.877 11.737
202106 10.389 271.696 12.770
202109 11.229 274.310 13.670
202112 13.383 278.802 16.030
202203 13.824 287.504 16.057
202206 16.378 296.311 18.459
202209 16.540 296.808 18.610
202212 14.601 296.797 16.429
202303 13.131 301.836 14.528
202306 12.258 305.109 13.417
202309 13.586 307.789 14.741
202312 12.459 306.746 13.564
202403 12.571 312.332 13.441
202406 13.590 314.175 14.445
202409 13.532 315.301 14.332
202412 13.479 315.605 14.263
202503 13.549 319.799 14.149
202506 12.917 322.561 13.373
202509 13.250 324.800 13.623
202512 12.736 324.054 13.125
202603 13.597 330.213 13.751
202606 17.105 333.952 17.105

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 ExxonMobil Holdings (BSP:EXXO34) Overvalued in 2026?

Based on GuruFocus' analysis, ExxonMobil Holdings stock appears to be overvalued. The current stock price of R$102.06 is trading 25.2% above its estimated GF Value™ of R$81.50. GuruFocus considers ExxonMobil Holdings to be Modestly Overvalued.

Key valuation signals for BSP:EXXO34:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$81.50 vs. price of R$102.06 (25.2% above fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the BSP:EXXO34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ExxonMobil Holdings Business Description

Industry EnergyOil & Gas
Address 22777 Springwoods Village Parkway, Spring, TX, USA, 77389-1425
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2025, reserves were 19.3 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.1 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
64GF Score

Get the complete analysis for BSP:EXXO34

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

R$102.06
Price
R$81.50
GF Value