EMLAF (Empire Co) Cyclically Adjusted PS Ratio: 0.37 (As of Jul. 07, 2026) — 12% Above Median


EMLAF Empire Co Ltd EMLAF
79 GF Score
Price $34.50
GF Value $34.45
Valuation Fairly Valued
! 3 Warning Signs
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What is Empire Co Cyclically Adjusted PS Ratio?

Empire Co EMLAF +1.42% 79 Cyclically Adjusted PS Ratio is 0.37 as of Jul. 07, 2026, which is 12% above its 10-year median of 0.33. GuruFocus rates EMLAF with a GF Score™ of 79/100 and a GF Value™ of $34.45 (Fairly Valued). The stock has 3 warning signs investors should review. Among 238 Retail - Defensive companies, Empire Co ranks better than 54.62% on this metric.

As of today (2026-07-07), Empire Co's current share price is $34.50. Empire Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was $92.68. Empire Co's Cyclically Adjusted PS Ratio for today is 0.37.

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

EMLAF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.33   Max: 0.47
Current: 0.39

During the past years, Empire Co's highest Cyclically Adjusted PS Ratio was 0.47. The lowest was 0.17. And the median was 0.33.

EMLAF's Cyclically Adjusted PS Ratio is ranked better than
54.62% of 238 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs EMLAF: 0.39

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.

Empire Co's adjusted revenue per share data for the three months ended in Apr. 2026 was $25.022. 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 $92.68 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Empire Co  (OTCPK:EMLAF) 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.


Empire Co Cyclically Adjusted PS Ratio Related Terms


Empire Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Empire 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.

Empire Co Cyclically Adjusted PS Ratio Chart

Empire Co Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.33 0.28 0.43 0.37

Empire Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.43 0.45 0.39 0.36 0.37

EMLAF vs KR, SFM, ACI: Cyclically Adjusted PS Ratio Comparison

For the Grocery Stores subindustry, Empire 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.


Empire Co Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

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

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


EMLAF
79GF Score
Empire Co Ltd EMLAF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Empire 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.

Empire Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=34.50/92.68
=0.37

* 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.

Empire Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Empire Co's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=25.022/132.7364*132.7364
=25.022

Current CPI (Apr. 2026) = 132.7364.

Empire Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 17.447 101.844 22.739
201610 16.443 102.002 21.398
201701 16.445 102.318 21.334
201704 15.788 103.029 20.340
201707 18.201 103.029 23.449
201710 17.587 103.424 22.572
201801 17.839 104.056 22.756
201804 16.924 105.320 21.330
201807 18.076 106.110 22.612
201810 17.555 105.952 21.993
201901 17.238 105.557 21.677
201904 17.020 107.453 21.025
201907 18.859 108.243 23.126
201910 17.912 107.927 22.029
202001 18.056 108.085 22.174
202004 18.506 107.216 22.911
202007 20.194 108.401 24.727
202010 19.540 108.638 23.874
202101 20.501 109.192 24.922
202104 20.437 110.851 24.472
202107 22.701 112.431 26.801
202110 22.105 113.695 25.807
202201 22.064 114.801 25.511
202204 23.445 118.357 26.293
202207 23.333 120.964 25.604
202210 21.423 121.517 23.401
202301 21.593 121.596 23.571
202304 21.492 123.571 23.086
202307 24.236 124.914 25.754
202310 22.624 125.310 23.965
202401 22.623 125.072 24.009
202404 22.154 126.890 23.175
202407 24.488 128.075 25.379
202410 23.639 127.838 24.545
202501 22.635 127.443 23.575
202504 23.227 129.102 23.881
202507 25.843 130.290 26.328
202510 24.695 130.603 25.098
202601 24.983 130.366 25.437
202604 25.022 132.736 25.022

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 0.37 mean?
Empire Co (EMLAF) has a Cyclically Adjusted PS Ratio of 0.37 as of Jul. 07, 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 Empire Co and its competitors. This is 12% above median its historical median of 0.33. Over the past decade, Empire Co's Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.47. According to the industry distribution chart, Empire Co ranks #108 out of 238 companies in the Retail - Defensive industry, placing it in the top 45.4%.
Is Empire Co's Cyclically Adjusted PS Ratio too high?
Empire Co's current Cyclically Adjusted PS Ratio of 0.37 is 12% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.47. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.44. Empire Co's value of 0.37 is 15.9% below this industry median. Based on the distribution chart, Empire Co ranks #108 out of 238 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Empire Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Empire Co's Cyclically Adjusted PS Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Empire Co ranks #108 out of 238 companies for Cyclically Adjusted PS Ratio. This puts Empire Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.44. Empire Co's value of 0.37 is 15.9% below this benchmark. Historically, Empire Co's own Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.47 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.44, Empire Co has consistently been below 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 238 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. Empire Co's current Cyclically Adjusted PS Ratio of 0.37 is 15.9% below 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 Empire Co 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. Empire Co's current Cyclically Adjusted PS Ratio is 0.37, which is 12% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire Co stock overvalued right now?
Based on GuruFocus' analysis, Empire Co (EMLAF) is currently considered Fairly Valued. The stock's GF Value™ is $34.45, compared to a current price of $34.50 — trading 0.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.37, which is 12% above median its 10-year median of 0.33 and 15.9% below the Retail - Defensive industry median of 0.44. Empire Co's overall GF Score™ is 79/100 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 Empire Co (EMLAF), the current Cyclically Adjusted PS Ratio is 0.37 as of Jul. 07, 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 Empire Co (EMLAF) Overvalued in 2026?

Based on GuruFocus' analysis, Empire Co stock appears to be overvalued. The current stock price of $34.50 is trading 0.1% above its estimated GF Value™ of $34.45. GuruFocus considers Empire Co to be Fairly Valued.

Key valuation signals for EMLAF:

  • Cyclically Adjusted PS Ratio: 0.37 (12% above median its 10-year median of 0.33)
  • GF Value™: $34.45 vs. price of $34.50 (0.1% above fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 15.9% below the Retail - Defensive median (#108 of 238)

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


Empire Co Business Description

Other Exchanges C15:GermanyEMP.A:Canada
Address 115 King Street, Stellarton, NS, CAN, B0K 1S0
Empire Co Ltd is a Canadian company whose key businesses are food retailing and related real estate. The Company's business operations were conducted through its two reportable segments: Food retailing and Investments and other operations. The Food retailing segment is comprised of three operating segments: Sobeys National, Farm Boy and Longo's. Food retailing consists of corporate and franchisee-owned retail food stores, and includes convenience and fuel stores, retail pharmacy stores and in-store pharmacies, as well as an e-commerce grocery-business, providing customers offerings in fresh and non-fresh grocery, fuel, pharmacy, health and beauty care and general merchandise. The Investments and other operations consists of investments in Crombie REIT, real estate partnership.
79GF Score

Get the complete analysis for EMLAF

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

$34.50
Price
$34.45
GF Value