DUFRY (Avolta AG) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

DUFRY Avolta AG DUFRY
75 GF Score
Price $5.08
GF Value $5.21
Valuation Fairly Valued
! 5 Warning Signs
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What is Avolta AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Avolta AG  (OTCPK:DUFRY) 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.


Avolta AG Cyclically Adjusted PS Ratio Related Terms


Avolta AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Avolta AG'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.

Avolta AG Cyclically Adjusted PS Ratio Chart

Avolta AG 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 0.40 0.34 0.32 0.33 0.51

Avolta AG Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.32 0.33 0.45 0.51 0.57

DUFRY vs CASY, WSM, ULTA: Cyclically Adjusted PS Ratio Comparison

For the Specialty Retail subindustry, Avolta AG'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.


Avolta AG Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Avolta AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


DUFRY
75GF Score
Avolta AG DUFRY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Avolta AG 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.

Avolta AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Avolta AG's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=11.533/107.2000*107.2000
=11.533

Current CPI (Dec25) = 107.2000.

Avolta AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 13.947 99.380 15.045
201712 14.887 100.213 15.925
201812 16.064 100.906 17.066
201912 16.974 101.063 18.005
202012 4.680 100.241 5.005
202112 4.878 101.776 5.138
202212 7.661 104.666 7.846
202312 10.212 106.461 10.283
202412 10.367 107.128 10.374
202512 11.533 107.200 11.533

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 Avolta AG (DUFRY) Overvalued in 2026?

Based on GuruFocus' analysis, Avolta AG stock appears to be undervalued. The current stock price of $5.08 is trading 2.5% below its estimated GF Value™ of $5.21. GuruFocus considers Avolta AG to be Fairly Valued.

Key valuation signals for DUFRY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $5.21 vs. price of $5.08 (2.5% below fair value)
  • GF Score™: 75/100 with 5 warning signs

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


Avolta AG Business Description

Address Brunngasslein 12, Basel, CHE, 4010
Avolta is the world's largest duty-free shop operator and leader in travel retail. Airports make up over 80% of the company's total revenue. Following the acquisition of Autogrill in 2023, Avolta now offers a full range of services across travel hubs, including duty-paid and duty-free retail, convenience, and food and beverage operations. The company's main markets are Europe and the Americas, while Asia contributed around 4% of total sales in 2024.
75GF Score

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

$5.08
Price
$5.21
GF Value