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.
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.
Carvana CoCVNA +8.29%73 Cyclically Adjusted PS Ratio is 3.23 as of Jul. 15, 2026, which is 1% below its 10-year median of 3.25. GuruFocus rates CVNA with a GF Score™ of 73/100 and a GF Value™ of $76.61 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,041 Vehicles & Parts companies, Carvana Co ranks worse than 83.38% on this metric.
The historical rank and industry rank for Carvana Co's Cyclically Adjusted PS Ratio or its related term are showing as below:
CVNA'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.72 Med: 3.25 Max: 4.58
Current: 3.23
During the past years, Carvana Co's highest Cyclically Adjusted PS Ratio was 4.58. The lowest was 2.72. And the median was 3.25.
CVNA's Cyclically Adjusted PS Ratio is ranked worse than 83.38% of 1041
companies
in the Vehicles & Parts industry
Industry Median: 0.74
vs CVNA: 3.23
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.
Carvana Co's adjusted revenue per share data for the three months ended in Mar. 2026 was $8.687. 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 $21.79 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Carvana Co (NYSE:CVNA) 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.
Carvana Co Cyclically Adjusted PS Ratio Related Terms
Carvana Co Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Carvana Co'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.
CVNA vs PAG, ALTB, KMX: Cyclically Adjusted PS Ratio Comparison
For the Auto & Truck Dealerships subindustry, Carvana Co'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.
Carvana Co Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Carvana Co's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Carvana Co's Cyclically Adjusted PS Ratio falls into.
Carvana Co 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.
Carvana Co's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 3.23 mean?
Carvana Co (CVNA) has a Cyclically Adjusted PS Ratio of 3.23 as of Jul. 15, 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 Carvana Co and its competitors. This is near median its historical median of 3.25. Over the past decade, Carvana Co's Cyclically Adjusted PS Ratio has ranged from 2.72 to 4.58. According to the industry distribution chart, Carvana Co ranks #868 out of 1041 companies in the Vehicles & Parts industry, placing it in the top 83.4%.
Is Carvana Co's Cyclically Adjusted PS Ratio too high?
Carvana Co's current Cyclically Adjusted PS Ratio of 3.23 is near median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 4.58. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.74. Carvana Co's value of 3.23 is 336.5% above this industry median. Based on the distribution chart, Carvana Co ranks #868 out of 1041 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Carvana Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carvana Co's Cyclically Adjusted PS Ratio compare to PAG and ALTB?
According to the Vehicles & Parts industry distribution chart, Carvana Co ranks #868 out of 1041 companies for Cyclically Adjusted PS Ratio. This places Carvana Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.74. Carvana Co's value of 3.23 is 336.5% above this benchmark. Historically, Carvana Co's own Cyclically Adjusted PS Ratio has ranged from 2.72 to 4.58 over the past decade. While the company's 10-year median is 3.25 vs. the industry median of 0.74, Carvana Co 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.74, based on 1,041 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. Carvana Co's current Cyclically Adjusted PS Ratio of 3.23 is 336.5% 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 Carvana Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carvana Co's current Cyclically Adjusted PS Ratio is 3.23, which is near median its own 10-year median of 3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carvana Co stock overvalued right now?
Based on GuruFocus' analysis, Carvana Co (CVNA) is currently considered Fairly Valued. The stock's GF Value™ is $76.61, compared to a current price of $70.38 — trading 8.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.23, which is near median its 10-year median of 3.25 and 336.5% above the Vehicles & Parts industry median of 0.74. Carvana Co's overall GF Score™ is 73/100 with 3 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 Carvana Co (CVNA), the current Cyclically Adjusted PS Ratio is 3.23 as of Jul. 15, 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 Carvana Co (CVNA) Overvalued in 2026?
Based on GuruFocus' analysis, Carvana Co stock appears to be undervalued.
The current stock price of $70.38 is trading 8.1% below its estimated GF Value™ of $76.61.
GuruFocus considers Carvana Co to be Fairly Valued.
Key valuation signals for CVNA:
Cyclically Adjusted PS Ratio: 3.23 (near median its 10-year median of 3.25)
GF Value™: $76.61 vs. price of $70.38 (8.1% below fair value)
Industry Position: 336.5% above the Vehicles & Parts median (#868 of 1041)
No single metric tells the full story. See the CVNA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
73GF Score
Get the complete analysis for CVNA
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CVNA has been successfully added to your 
