Sonae SGPS (CHIX:SONU) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

CHIX:SONU Sonae SGPS SA CHIX:SONU
73 GF Score
Price €2.10
GF Value €1.25
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Sonae SGPS Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sonae SGPS  (CHIX:SONu) 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.


Sonae SGPS Cyclically Adjusted PS Ratio Related Terms


Sonae SGPS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sonae SGPS'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.

Sonae SGPS Cyclically Adjusted PS Ratio Chart

Sonae SGPS 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 0.33 0.27 0.27 0.24 0.39

Sonae SGPS 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 0.29 0.32 0.39 0.43 0.42

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

For the Grocery Stores subindustry, Sonae SGPS'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.


Sonae SGPS Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

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

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


CHIX:SONU
73GF Score
Sonae SGPS SA CHIX:SONU
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sonae SGPS 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.

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

For example, Sonae SGPS'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)
=1.454/128.0300*128.0300
=1.454

Current CPI (Jun. 2026) = 128.0300.

Sonae SGPS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.720 101.122 0.912
201612 0.740 100.998 0.938
201703 0.654 101.924 0.822
201706 0.640 102.240 0.801
201709 0.689 102.527 0.860
201712 0.773 102.479 0.966
201803 0.708 102.626 0.883
201806 0.642 103.790 0.792
201809 0.770 103.960 0.948
201812 0.843 103.159 1.046
201903 0.764 103.495 0.945
201906 0.756 104.192 0.929
201909 0.821 103.844 1.012
201912 0.888 103.592 1.097
202003 0.815 103.544 1.008
202006 0.768 104.323 0.943
202009 0.867 103.699 1.070
202012 0.924 103.354 1.145
202103 0.787 104.014 0.969
202106 0.782 104.852 0.955
202109 0.871 105.232 1.060
202112 1.040 106.191 1.254
202203 0.869 109.559 1.016
202206 0.910 114.003 1.022
202209 1.057 114.999 1.177
202212 1.144 116.377 1.259
202303 0.970 117.701 1.055
202306 1.009 117.872 1.096
202309 1.082 119.111 1.163
202312 1.216 118.032 1.319
202403 1.073 120.396 1.141
202406 1.120 121.165 1.183
202409 1.389 121.574 1.463
202412 1.513 121.585 1.593
202503 1.307 122.624 1.365
202506 1.375 124.042 1.419
202509 1.501 124.490 1.544
202512 1.644 124.240 1.694
202603 1.399 125.940 1.422
202606 1.454 128.030 1.454

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 Sonae SGPS (CHIX:SONU) Overvalued in 2026?

Based on GuruFocus' analysis, Sonae SGPS stock appears to be overvalued. The current stock price of €2.10 is trading 67.8% above its estimated GF Value™ of €1.25. GuruFocus considers Sonae SGPS to be Significantly Overvalued.

Key valuation signals for CHIX:SONU:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €1.25 vs. price of €2.10 (67.8% above fair value)
  • GF Score™: 73/100 with 8 warning signs

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


Sonae SGPS Business Description

Address Lugar do Espido, Via Norte, Apartado 1011, Maia, PRT, 4470-909
Sonae SGPS SA is a retail company that manages a variety of business portfolios, including food, sports goods, clothing & apparel, financial services, electronics, technology, and telecommunication. The company's business is divided into segments based on the business offerings: MC, Worten, Musti, Bright Pixel, Sierra, and NOS. The MC business segment, which generates maximum of the company's revenue, deals in the Portuguese food retail market and also operates in complementary businesses to retail activities, as well as in the health and beauty retail sector in Portugal and Spain. The company operates earns majority of its revenue in Portugal, while it also has its presence in Nordic Countries, Spain, Netherlands, Romania, France, Italy, England, and Rest of the World.
73GF Score

Get the complete analysis for CHIX:SONU

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

€2.10
Price
€1.25
GF Value