Vulcabras (BSP:VULC3) Cyclically Adjusted PS Ratio: 1.44 (As of Jul. 25, 2026) — 69% Above Median

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BSP:VULC3 Vulcabras SA BSP:VULC3
91 GF Score
Price R$13.81
GF Value R$19.72
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Vulcabras Cyclically Adjusted PS Ratio?

Vulcabras BSP:VULC3 91 Cyclically Adjusted PS Ratio is 1.44 as of Jul. 25, 2026, which is 69% above its 10-year median of 0.85. GuruFocus rates BSP:VULC3 with a GF Score™ of 91/100 and a GF Value™ of R$19.72 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 883 Manufacturing - Apparel & Accessories companies, Vulcabras ranks worse than 73.27% on this metric.

As of today (2026-07-25), Vulcabras's current share price is R$13.81. Vulcabras's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$9.61. Vulcabras's Cyclically Adjusted PS Ratio for today is 1.44.

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

BSP:VULC3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.85   Max: 2.45
Current: 1.49

During the past years, Vulcabras's highest Cyclically Adjusted PS Ratio was 2.45. The lowest was 0.21. And the median was 0.85.

BSP:VULC3's Cyclically Adjusted PS Ratio is ranked worse than
73.27% of 883 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.64 vs BSP:VULC3: 1.49

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.

Vulcabras's adjusted revenue per share data for the three months ended in Mar. 2026 was R$2.477. 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$9.61 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vulcabras  (BSP:VULC3) 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.


Vulcabras Cyclically Adjusted PS Ratio Related Terms


Vulcabras Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Vulcabras'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.

Vulcabras Cyclically Adjusted PS Ratio Chart

Vulcabras 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 0.75 1.24 2.27 1.70 2.14

Vulcabras 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 1.70 2.24 2.07 2.14 1.82

BSP:VULC3 vs NKE, DECK, ONON: Cyclically Adjusted PS Ratio Comparison

For the Footwear & Accessories subindustry, Vulcabras'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.


Vulcabras Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Vulcabras's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BSP:VULC3
91GF Score
Vulcabras SA BSP:VULC3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vulcabras 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.

Vulcabras's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.81/9.61
=1.44

* 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.

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

For example, Vulcabras'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)
=2.477/175.0655*175.0655
=2.477

Current CPI (Mar. 2026) = 175.0655.

Vulcabras Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.344 108.851 2.162
201609 1.551 109.986 2.469
201612 1.545 110.802 2.441
201703 1.488 111.869 2.329
201706 1.553 112.115 2.425
201709 1.730 112.777 2.686
201712 1.276 114.068 1.958
201803 1.103 114.868 1.681
201806 1.065 117.038 1.593
201809 1.221 117.881 1.813
201812 1.338 118.340 1.979
201903 1.134 120.124 1.653
201906 1.240 120.977 1.794
201909 1.355 121.292 1.956
201912 1.409 123.436 1.998
202003 0.900 124.092 1.270
202006 0.374 123.557 0.530
202009 1.452 125.095 2.032
202012 1.725 129.012 2.341
202103 1.172 131.660 1.558
202106 1.514 133.871 1.980
202109 2.005 137.913 2.545
202112 2.321 141.992 2.862
202203 1.793 146.537 2.142
202206 2.485 149.784 2.904
202209 2.518 147.800 2.983
202212 2.807 150.207 3.272
202303 2.190 153.352 2.500
202306 2.751 154.519 3.117
202309 2.800 155.464 3.153
202312 3.022 157.148 3.367
202403 2.148 159.372 2.360
202406 2.636 161.052 2.865
202409 2.745 162.342 2.960
202412 3.138 164.740 3.335
202503 2.441 168.102 2.542
202506 3.111 169.670 3.210
202509 3.316 170.739 3.400
202512 3.413 171.765 3.479
202603 2.477 175.066 2.477

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 1.44 mean?
Vulcabras (BSP:VULC3) has a Cyclically Adjusted PS Ratio of 1.44 as of Jul. 25, 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 Vulcabras and its competitors. This is 69% above median its historical median of 0.85. Over the past decade, Vulcabras' Cyclically Adjusted PS Ratio has ranged from 0.21 to 2.45. According to the industry distribution chart, Vulcabras ranks #647 out of 883 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 73.3%.
Is Vulcabras' Cyclically Adjusted PS Ratio too high?
Vulcabras' current Cyclically Adjusted PS Ratio of 1.44 is 69% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 2.45. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.64. Vulcabras' value of 1.44 is 125% above this industry median. Based on the distribution chart, Vulcabras ranks #647 out of 883 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Vulcabras has a GF Score™ of 91/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Vulcabras' Cyclically Adjusted PS Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Vulcabras ranks #647 out of 883 companies for Cyclically Adjusted PS Ratio. This places Vulcabras in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.64. Vulcabras' value of 1.44 is 125% above this benchmark. Historically, Vulcabras' own Cyclically Adjusted PS Ratio has ranged from 0.21 to 2.45 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.64, Vulcabras has consistently been above 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PS Ratio among Manufacturing - Apparel & Accessories companies is 0.64, based on 883 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. Vulcabras's current Cyclically Adjusted PS Ratio of 1.44 is 125% above 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 Vulcabras and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PS Ratio is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcabras's current Cyclically Adjusted PS Ratio is 1.44, which is 69% above median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcabras stock overvalued right now?
Based on GuruFocus' analysis, Vulcabras (BSP:VULC3) is currently considered Possible Value Trap. The stock's GF Value™ is R$19.72, compared to a current price of R$13.81 — trading 30% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.44, which is 69% above median its 10-year median of 0.85 and 125% above the Manufacturing - Apparel & Accessories industry median of 0.64. Vulcabras' overall GF Score™ is 91/100 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 Vulcabras (BSP:VULC3), the current Cyclically Adjusted PS Ratio is 1.44 as of Jul. 25, 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 Vulcabras (BSP:VULC3) Overvalued in 2026?

Based on GuruFocus' analysis, Vulcabras stock appears to be undervalued. The current stock price of R$13.81 is trading 30% below its estimated GF Value™ of R$19.72. GuruFocus considers Vulcabras to be Possible Value Trap.

Key valuation signals for BSP:VULC3:

  • Cyclically Adjusted PS Ratio: 1.44 (69% above median its 10-year median of 0.85)
  • GF Value™: R$19.72 vs. price of R$13.81 (30% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 125% above the Manufacturing - Apparel & Accessories median (#647 of 883)

No single metric tells the full story. See the BSP:VULC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vulcabras Business Description

Address Avenue Antonio Frederico Ozanan, 1440, Jundiai, SP, BRA, 13219-001
Vulcabras SA is a Brazil-based company engaged in the trading and production of apparel and accessories products, particularly sportswear and professional footwear. The company manages its own brands like Azaleia, Dijean, Olk, Olympikus, Opanka, and Vulcabras, as well as third-party brands like Mizuno and Under Armour. Along with its subsidiaries, it operates in the segment of production and sale of synthetic footwear for the domestic and foreign markets. The majority of the group's revenue is generated from the sale of sports shoes. Geographically, it derives maximum revenue from the domestic market.
91GF Score

Get the complete analysis for BSP:VULC3

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

R$13.81
Price
R$19.72
GF Value