Veste Estilo (BSP:VSTE3) Cyclically Adjusted PS Ratio: 0.02 (As of Jul. 23, 2026) — 75% Below Median

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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:VSTE3 Veste SA Estilo BSP:VSTE3
50 GF Score
Price R$2.63
GF Value R$6.83
Valuation Possible Value Trap
! 4 Warning Signs
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What is Veste Estilo Cyclically Adjusted PS Ratio?

Veste Estilo BSP:VSTE3 +0.77% 50 Cyclically Adjusted PS Ratio is 0.02 as of Jul. 23, 2026, which is 75% below its 10-year median of 0.08. GuruFocus rates BSP:VSTE3 with a GF Score™ of 50/100 and a GF Value™ of R$6.83 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 793 Retail - Cyclical companies, Veste Estilo ranks better than 98.23% on this metric.

As of today (2026-07-23), Veste Estilo's current share price is R$2.63. Veste Estilo's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$137.09. Veste Estilo's Cyclically Adjusted PS Ratio for today is 0.02.

The historical rank and industry rank for Veste Estilo's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:VSTE3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.08   Max: 1.11
Current: 0.02

During the past years, Veste Estilo's highest Cyclically Adjusted PS Ratio was 1.11. The lowest was 0.02. And the median was 0.08.

BSP:VSTE3's Cyclically Adjusted PS Ratio is ranked better than
98.23% of 793 companies
in the Retail - Cyclical industry
Industry Median: 0.5 vs BSP:VSTE3: 0.02

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.

Veste Estilo's adjusted revenue per share data for the three months ended in Mar. 2026 was R$2.664. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$137.09 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Veste Estilo  (BSP:VSTE3) 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.


Veste Estilo Cyclically Adjusted PS Ratio Related Terms


Veste Estilo Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Veste Estilo'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.

Veste Estilo Cyclically Adjusted PS Ratio Chart

Veste Estilo 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 0.04 0.07 0.10 0.05 0.03

Veste Estilo Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.04 0.04 0.04 0.03 0.02

BSP:VSTE3 vs TJX, ROST, BURL: Cyclically Adjusted PS Ratio Comparison

For the Apparel Retail subindustry, Veste Estilo'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.


Veste Estilo Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Veste Estilo's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BSP:VSTE3
50GF Score
Veste SA Estilo BSP:VSTE3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Veste Estilo 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.

Veste Estilo's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.63/137.09
=0.02

* 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.

Veste Estilo's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Veste Estilo'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)
=2.664/175.0655*175.0655
=2.664

Current CPI (Mar. 2026) = 175.0655.

Veste Estilo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 46.820 108.851 75.301
201609 46.698 109.986 74.329
201612 51.569 110.802 81.478
201703 49.153 111.869 76.920
201706 56.417 112.115 88.094
201709 52.274 112.777 81.146
201712 34.251 114.068 52.567
201803 44.769 114.868 68.230
201806 49.934 117.038 74.692
201809 47.001 117.881 69.801
201812 44.378 118.340 65.650
201903 37.451 120.124 54.580
201906 36.617 120.977 52.988
201909 31.729 121.292 45.796
201912 33.187 123.436 47.068
202003 23.393 124.092 33.002
202006 5.066 123.557 7.178
202009 15.896 125.095 22.246
202012 23.350 129.012 31.685
202103 18.820 131.660 25.024
202106 21.928 133.871 28.676
202109 25.231 137.913 32.028
202112 32.207 141.992 39.709
202203 26.092 146.537 31.172
202206 30.081 149.784 35.158
202209 32.406 147.800 38.384
202212 2.540 150.207 2.960
202303 2.333 153.352 2.663
202306 2.415 154.519 2.736
202309 2.413 155.464 2.717
202312 2.412 157.148 2.687
202403 2.177 159.372 2.391
202406 2.547 161.052 2.769
202409 2.323 162.342 2.505
202412 2.708 164.740 2.878
202503 2.332 168.102 2.429
202506 2.806 169.670 2.895
202509 2.649 170.739 2.716
202512 2.920 171.765 2.976
202603 2.664 175.066 2.664

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.

What does a Cyclically Adjusted PS Ratio of 0.02 mean?
Veste Estilo (BSP:VSTE3) has a Cyclically Adjusted PS Ratio of 0.02 as of Jul. 23, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Veste Estilo and its competitors. This is 75% below median its historical median of 0.08. Over the past decade, Veste Estilo's Cyclically Adjusted PS Ratio has ranged from 0.02 to 1.11. According to the industry distribution chart, Veste Estilo ranks #14 out of 793 companies in the Retail - Cyclical industry, placing it in the top 1.8%.
Is Veste Estilo's Cyclically Adjusted PS Ratio too high?
Veste Estilo's current Cyclically Adjusted PS Ratio of 0.02 is 75% below median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 1.11. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. Veste Estilo's value of 0.02 is 96% below this industry median. Based on the distribution chart, Veste Estilo ranks #14 out of 793 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Veste Estilo has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Veste Estilo's Cyclically Adjusted PS Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Veste Estilo ranks #14 out of 793 companies for Cyclically Adjusted PS Ratio. This places Veste Estilo in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.50. Veste Estilo's value of 0.02 is 96% below this benchmark. Historically, Veste Estilo's own Cyclically Adjusted PS Ratio has ranged from 0.02 to 1.11 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.50, Veste Estilo 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 Cyclically Adjusted PS Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 793 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Veste Estilo's current Cyclically Adjusted PS Ratio of 0.02 is 96% 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Veste Estilo and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veste Estilo's current Cyclically Adjusted PS Ratio is 0.02, which is 75% below median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veste Estilo stock overvalued right now?
Based on GuruFocus' analysis, Veste Estilo (BSP:VSTE3) is currently considered Possible Value Trap. The stock's GF Value™ is R$6.83, compared to a current price of R$2.63 — trading 61.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.02, which is 75% below median its 10-year median of 0.08 and 96% below the Retail - Cyclical industry median of 0.50. Veste Estilo's overall GF Score™ is 50/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Veste Estilo (BSP:VSTE3), the current Cyclically Adjusted PS Ratio is 0.02 as of Jul. 23, 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 Veste Estilo (BSP:VSTE3) Overvalued in 2026?

Based on GuruFocus' analysis, Veste Estilo stock appears to be undervalued. The current stock price of R$2.63 is trading 61.5% below its estimated GF Value™ of R$6.83. GuruFocus considers Veste Estilo to be Possible Value Trap.

Key valuation signals for BSP:VSTE3:

  • Cyclically Adjusted PS Ratio: 0.02 (75% below median its 10-year median of 0.08)
  • GF Value™: R$6.83 vs. price of R$2.63 (61.5% below fair value)
  • GF Score™: 50/100 with 4 warning signs
  • Industry Position: 96% below the Retail - Cyclical median (#14 of 793)

No single metric tells the full story. See the BSP:VSTE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Veste Estilo Business Description

Address Rua Othão, 405, Sao Paulo, SP, BRA, 05313-020
Veste SA Estilo is engaged in apparel industry retailers and high-end accessories in Brazil. The Company's main objectives are: development, exploration of the industry, trade, import and export of clothing and clothing accessories and trading in decorative, hygiene and cosmetic objects, among others. It produces clothes, accessories, footwear, and articles for the home, always in line with contemporary lifestyle, bringing joy, elegance, and well-being to customers under its brands Le Lis, Dudalina, john john, Stew, and Individual. The company focuses on designing, developing, manufacturing, and trading apparel and accessories for women and men.
50GF Score

Get the complete analysis for BSP:VSTE3

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

R$2.63
Price
R$6.83
GF Value