Axfood AB (CHIX:AXFOS) Cyclically Adjusted PS Ratio: 0.79 (As of Jul. 05, 2026) — 12% Below Median


CHIX:AXFOS Axfood AB CHIX:AXFOS
86 GF Score
Price kr259.60
GF Value kr294.56
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Axfood AB Cyclically Adjusted PS Ratio?

Axfood AB CHIX:AXFOS 86 Cyclically Adjusted PS Ratio is 0.79 as of Jul. 05, 2026, which is 12% below its 10-year median of 0.90. GuruFocus rates CHIX:AXFOS with a GF Score™ of 86/100 and a GF Value™ of kr294.56 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 236 Retail - Defensive companies, Axfood AB ranks worse than 67.8% on this metric.

As of today (2026-07-05), Axfood AB's current share price is kr259.60. Axfood AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr327.36. Axfood AB's Cyclically Adjusted PS Ratio for today is 0.79.

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

CHIX:AXFOs' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.7   Med: 0.9   Max: 1.32
Current: 0.77

During the past years, Axfood AB's highest Cyclically Adjusted PS Ratio was 1.32. The lowest was 0.70. And the median was 0.90.

CHIX:AXFOs's Cyclically Adjusted PS Ratio is ranked worse than
67.8% of 236 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs CHIX:AXFOs: 0.77

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.

Axfood AB's adjusted revenue per share data for the three months ended in Mar. 2026 was kr99.588. 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 kr327.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Axfood AB  (CHIX:AXFOs) 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.


Axfood AB Cyclically Adjusted PS Ratio Related Terms


Axfood AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Axfood AB'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.

Axfood AB Cyclically Adjusted PS Ratio Chart

Axfood AB 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 1.11 1.04 0.90 0.73 0.87

Axfood AB 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 0.70 0.85 0.88 0.87 0.95

CHIX:AXFOS vs KR, SFM: Cyclically Adjusted PS Ratio Comparison

For the Grocery Stores subindustry, Axfood AB'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.


Axfood AB Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Axfood AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CHIX:AXFOS
86GF Score
Axfood AB CHIX:AXFOS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Axfood AB 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.

Axfood AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=259.60/327.36
=0.79

* 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.

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

For example, Axfood AB'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)
=99.588/133.5600*133.5600
=99.588

Current CPI (Mar. 2026) = 133.5600.

Axfood AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 51.937 101.019 68.667
201609 51.277 101.138 67.715
201612 52.419 102.022 68.624
201703 50.266 102.022 65.805
201706 56.470 102.752 73.401
201709 54.704 103.279 70.743
201712 55.874 103.793 71.898
201803 54.069 103.962 69.463
201806 57.718 104.875 73.505
201809 56.945 105.679 71.969
201812 58.444 105.912 73.701
201903 56.370 105.886 71.103
201906 61.562 106.742 77.029
201909 60.147 107.214 74.927
201912 61.609 107.766 76.355
202003 61.737 106.563 77.378
202006 63.950 107.498 79.454
202009 63.333 107.635 78.587
202012 64.416 108.296 79.444
202103 62.380 108.360 76.887
202106 65.718 108.928 80.579
202109 64.803 110.338 78.441
202112 81.298 112.486 96.529
202203 79.063 114.825 91.963
202206 86.352 118.384 97.422
202209 86.129 122.296 94.062
202212 91.029 126.365 96.212
202303 88.783 127.042 93.338
202306 95.758 129.407 98.831
202309 93.532 130.224 95.928
202312 95.887 131.912 97.085
202403 93.399 132.205 94.356
202406 97.063 132.716 97.680
202409 96.392 132.304 97.307
202412 100.810 132.987 101.244
202503 97.029 132.825 97.566
202506 106.077 133.699 105.967
202509 102.775 133.480 102.837
202512 105.288 133.390 105.422
202603 99.588 133.560 99.588

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 0.79 mean?
Axfood AB (CHIX:AXFOS) has a Cyclically Adjusted PS Ratio of 0.79 as of Jul. 05, 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 Axfood AB and its competitors. This is 12% below median its historical median of 0.90. Over the past decade, Axfood AB's Cyclically Adjusted PS Ratio has ranged from 0.70 to 1.32. According to the industry distribution chart, Axfood AB ranks #160 out of 236 companies in the Retail - Defensive industry, placing it in the top 67.8%.
Is Axfood AB's Cyclically Adjusted PS Ratio too high?
Axfood AB's current Cyclically Adjusted PS Ratio of 0.79 is 12% below median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 1.32. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.44. Axfood AB's value of 0.79 is 79.5% above this industry median. Based on the distribution chart, Axfood AB ranks #160 out of 236 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Axfood AB has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Axfood AB's Cyclically Adjusted PS Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Axfood AB ranks #160 out of 236 companies for Cyclically Adjusted PS Ratio. This places Axfood AB in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.44. Axfood AB's value of 0.79 is 79.5% above this benchmark. Historically, Axfood AB's own Cyclically Adjusted PS Ratio has ranged from 0.70 to 1.32 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 0.44, Axfood AB 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 Retail - Defensive company?
The median Cyclically Adjusted PS Ratio among Retail - Defensive companies is 0.44, based on 236 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. Axfood AB's current Cyclically Adjusted PS Ratio of 0.79 is 79.5% 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 Axfood AB and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PS Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axfood AB's current Cyclically Adjusted PS Ratio is 0.79, which is 12% below median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axfood AB stock overvalued right now?
Based on GuruFocus' analysis, Axfood AB (CHIX:AXFOS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr294.56, compared to a current price of kr259.60 — trading 11.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.79, which is 12% below median its 10-year median of 0.90 and 79.5% above the Retail - Defensive industry median of 0.44. Axfood AB's overall GF Score™ is 86/100 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 Axfood AB (CHIX:AXFOS), the current Cyclically Adjusted PS Ratio is 0.79 as of Jul. 05, 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 Axfood AB (CHIX:AXFOS) Overvalued in 2026?

Based on GuruFocus' analysis, Axfood AB stock appears to be undervalued. The current stock price of kr259.60 is trading 11.9% below its estimated GF Value™ of kr294.56. GuruFocus considers Axfood AB to be Modestly Undervalued.

Key valuation signals for CHIX:AXFOS:

  • Cyclically Adjusted PS Ratio: 0.79 (12% below median its 10-year median of 0.90)
  • GF Value™: kr294.56 vs. price of kr259.60 (11.9% below fair value)
  • GF Score™: 86/100 with 5 warning signs
  • Industry Position: 79.5% above the Retail - Defensive median (#160 of 236)

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


Axfood AB Business Description

Other Exchanges AXFOF:USAAXFO:Sweden0R6R:UK
Address Solnavagen 4, Stockholm, SWE, 113 65
Axfood AB operates food retail and wholesale businesses in Sweden. The company operates various food retail grocery chains, discount stores, hypermarkets, restaurants, cafes, and pharmacies through different brands. The company's operating segments include Willys, Hemkop, Dagab, City Gross, and Snabbgross. A majority of its revenue is generated from the Willys segment, which is a discount grocery chain, offering various products in both group-owned stores and online. This segment also includes the partly owned cross-border grocery chain Eurocash.
86GF Score

Get the complete analysis for CHIX:AXFOS

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

kr259.60
Price
kr294.56
GF Value