Altria Group (BUE:MO) Cyclically Adjusted PS Ratio: 5.19 (As of Aug. 09, 2026) — 15% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

BUE:MO Altria Group Inc BUE:MO
64 GF Score
Price ARS27,060.00
GF Value ARS22,714.65
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Altria Group Cyclically Adjusted PS Ratio?

Altria Group BUE:MO +1.35% 64 Cyclically Adjusted PS Ratio is 5.19 as of Aug. 09, 2026, which is 15% above its 10-year median of 4.51. GuruFocus rates BUE:MO with a GF Score™ of 64/100 and a GF Value™ of ARS22,714.65 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 34 Tobacco Products companies, Altria Group ranks worse than 82.35% on this metric.

As of today (2026-08-09), Altria Group's current share price is ARS27060.00. Altria Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ARS5,217.92. Altria Group's Cyclically Adjusted PS Ratio for today is 5.19.

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

BUE:MO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.14   Med: 4.51   Max: 7.66
Current: 5.11

During the past years, Altria Group's highest Cyclically Adjusted PS Ratio was 7.66. The lowest was 3.14. And the median was 4.51.

BUE:MO's Cyclically Adjusted PS Ratio is ranked worse than
82.35% of 34 companies
in the Tobacco Products industry
Industry Median: 2.06 vs BUE:MO: 5.11

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.

Altria Group's adjusted revenue per share data for the three months ended in Jun. 2026 was ARS19,001.972. 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 ARS5,217.92 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Altria Group  (BUE:MO) 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.


Altria Group Cyclically Adjusted PS Ratio Related Terms


Altria Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Altria Group'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.

Altria Group Cyclically Adjusted PS Ratio Chart

Altria Group 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 4.20 3.79 3.24 4.09 4.42

Altria Group 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 4.50 5.05 4.42 4.98 5.38

BUE:MO vs TPB, UVV, AIIR: Cyclically Adjusted PS Ratio Comparison

For the Tobacco subindustry, Altria Group'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.


Altria Group Cyclically Adjusted PS Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Altria Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BUE:MO
64GF Score
Altria Group Inc BUE:MO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Altria Group 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.

Altria Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=27060.00/5217.92
=5.19

* 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.

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

For example, Altria Group'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)
=19001.972/333.9520*333.9520
=19,001.972

Current CPI (Jun. 2026) = 333.9520.

Altria Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 158.735 241.428 219.568
201612 154.224 241.432 213.325
201703 145.949 243.801 199.917
201706 173.363 244.955 236.349
201709 187.515 246.819 253.712
201712 189.204 246.524 256.304
201803 198.201 249.554 265.232
201806 257.392 251.989 341.112
201809 413.681 252.439 547.259
201812 384.154 251.233 510.638
201903 366.203 254.202 481.091
201906 496.295 256.143 647.055
201909 648.119 256.759 842.972
201912 616.281 256.974 800.891
202003 674.277 258.115 872.387
202006 745.658 257.797 965.930
202009 907.014 260.280 1,163.743
202012 885.155 260.474 1,134.851
202103 946.883 264.877 1,193.812
202106 1,150.491 271.696 1,414.113
202109 1,174.422 274.310 1,429.771
202112 1,120.862 278.802 1,342.580
202203 1,138.451 287.504 1,322.375
202206 1,429.858 296.311 1,611.496
202209 1,672.034 296.808 1,881.280
202212 1,902.154 296.797 2,140.278
202303 2,107.348 301.836 2,331.574
202306 2,929.562 305.109 3,206.504
202309 4,166.241 307.789 4,520.384
202312 4,103.312 306.746 4,467.244
202403 9,042.258 312.332 9,668.174
202406 11,002.453 314.175 11,695.046
202409 11,930.644 315.301 12,636.377
202412 12,177.237 315.605 12,885.134
202503 11,402.180 319.799 11,906.794
202506 14,917.966 322.561 15,444.783
202509 16,978.388 324.800 17,456.794
202512 17,584.049 324.054 18,121.141
202603 15,906.396 330.213 16,086.504
202606 19,001.972 333.952 19,001.972

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 5.19 mean?
Altria Group (BUE:MO) has a Cyclically Adjusted PS Ratio of 5.19 as of Aug. 09, 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 Altria Group and its competitors. This is 15% above median its historical median of 4.51. Over the past decade, Altria Group's Cyclically Adjusted PS Ratio has ranged from 3.14 to 7.66. According to the industry distribution chart, Altria Group ranks #28 out of 34 companies in the Tobacco Products industry, placing it in the top 82.4%.
Is Altria Group's Cyclically Adjusted PS Ratio too high?
Altria Group's current Cyclically Adjusted PS Ratio of 5.19 is 15% above median its 10-year median of 4.51. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 7.66. The Tobacco Products industry median Cyclically Adjusted PS Ratio is 2.06. Altria Group's value of 5.19 is 151.9% above this industry median. Based on the distribution chart, Altria Group ranks #28 out of 34 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Altria Group has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altria Group's Cyclically Adjusted PS Ratio compare to TPB and UVV?
According to the Tobacco Products industry distribution chart, Altria Group ranks #28 out of 34 companies for Cyclically Adjusted PS Ratio. This places Altria Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.06. Altria Group's value of 5.19 is 151.9% above this benchmark. Historically, Altria Group's own Cyclically Adjusted PS Ratio has ranged from 3.14 to 7.66 over the past decade. While the company's 10-year median is 4.51 vs. the industry median of 2.06, Altria Group 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 Tobacco Products company?
The median Cyclically Adjusted PS Ratio among Tobacco Products companies is 2.06, based on 34 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. Altria Group's current Cyclically Adjusted PS Ratio of 5.19 is 151.9% 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 Altria Group and its competitors. For the Tobacco Products industry, the median Cyclically Adjusted PS Ratio is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altria Group's current Cyclically Adjusted PS Ratio is 5.19, which is 15% above median its own 10-year median of 4.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altria Group stock overvalued right now?
Based on GuruFocus' analysis, Altria Group (BUE:MO) is currently considered Modestly Overvalued. The stock's GF Value™ is ARS22,714.65, compared to a current price of ARS27,060.00 — trading 19.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.19, which is 15% above median its 10-year median of 4.51 and 151.9% above the Tobacco Products industry median of 2.06. Altria Group's overall GF Score™ is 64/100 with 5 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 Altria Group (BUE:MO), the current Cyclically Adjusted PS Ratio is 5.19 as of Aug. 09, 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 Altria Group (BUE:MO) Overvalued in 2026?

Based on GuruFocus' analysis, Altria Group stock appears to be overvalued. The current stock price of ARS27,060.00 is trading 19.1% above its estimated GF Value™ of ARS22,714.65. GuruFocus considers Altria Group to be Modestly Overvalued.

Key valuation signals for BUE:MO:

  • Cyclically Adjusted PS Ratio: 5.19 (15% above median its 10-year median of 4.51)
  • GF Value™: ARS22,714.65 vs. price of ARS27,060.00 (19.1% above fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 151.9% above the Tobacco Products median (#28 of 34)

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


Altria Group Business Description

Address 6601 West Broad Street, Richmond, VA, USA, 23230
Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through its tobacco subsidiaries, Altria maintains the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company's Marlboro brand is the leading cigarette brand in the US with 40% share in 2024. Beyond its core business, it holds an 8% interest in the world's largest brewer, Anheuser-Busch InBev, and a 41% stake in cannabis manufacturer Cronos. In reduced-risk products, it acquired vaping company Njoy Holdings in 2023, operates a joint venture with Japan Tobacco in the heated tobacco category for the US, and sells the On brand in nicotine pouches.
64GF Score

Get the complete analysis for BUE:MO

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

ARS27,060.00
Price
ARS22,714.65
GF Value