FMX (Fomento Economico MexicanoB de CV) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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FMX Fomento Economico Mexicano SAB de CV FMX
90 GF Score
Price $118.72
GF Value $132.66
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Fomento Economico MexicanoB de CV Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fomento Economico MexicanoB de CV  (NYSE:FMX) 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.


Fomento Economico MexicanoB de CV Cyclically Adjusted PS Ratio Related Terms


Fomento Economico MexicanoB de CV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fomento Economico MexicanoB de CV'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.

Fomento Economico MexicanoB de CV Cyclically Adjusted PS Ratio Chart

Fomento Economico MexicanoB de CV 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 1.04 0.96 1.50 0.91 0.99

Fomento Economico MexicanoB de CV 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 1.03 0.97 0.97 1.03 1.17

FMX vs STZ, TAP: Cyclically Adjusted PS Ratio Comparison

For the Beverages - Brewers subindustry, Fomento Economico MexicanoB de CV'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.


Fomento Economico MexicanoB de CV Cyclically Adjusted PS Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Fomento Economico MexicanoB de CV's Cyclically Adjusted PS Ratio falls into.


FMX
90GF Score
Fomento Economico Mexicano SAB de CV FMX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fomento Economico MexicanoB de CV 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.

Fomento Economico MexicanoB de CV's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Fomento Economico MexicanoB de CV'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)
=39.205/165.5700*165.5700
=39.205

Current CPI (Jun. 2026) = 165.5700.

Fomento Economico MexicanoB de CV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 14.770 103.084 23.723
201612 15.481 105.002 24.411
201703 15.624 108.063 23.938
201706 17.264 108.339 26.384
201709 17.199 109.628 25.976
201712 16.718 112.114 24.689
201803 16.374 113.505 23.885
201806 16.878 113.373 24.649
201809 17.428 115.130 25.063
201812 17.636 117.530 24.845
201903 16.874 118.050 23.667
201906 18.733 117.848 26.319
201909 18.765 118.581 26.201
201912 19.202 120.854 26.307
202003 17.049 121.885 23.160
202006 13.719 121.777 18.653
202009 15.994 123.341 21.470
202012 17.719 124.661 23.534
202103 17.088 127.574 22.177
202106 19.130 128.936 24.565
202109 0.000 130.742 0.000
202112 20.403 133.830 25.242
202203 20.121 137.082 24.302
202206 23.346 139.233 27.762
202209 21.770 142.116 25.363
202212 20.662 144.291 23.709
202303 23.983 146.472 27.110
202306 27.975 146.272 31.666
202309 29.753 148.446 33.185
202312 26.028 151.017 28.536
202403 29.000 152.947 31.393
202406 32.213 153.551 34.735
202409 29.050 155.246 30.982
202412 29.821 157.378 31.373
202503 27.654 158.761 28.840
202506 31.292 160.180 32.345
202509 33.490 161.030 34.434
202512 35.036 163.190 35.547
202603 34.673 166.040 34.575
202606 39.205 165.570 39.205

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 Fomento Economico MexicanoB de CV (FMX) Overvalued in 2026?

Based on GuruFocus' analysis, Fomento Economico MexicanoB de CV stock appears to be undervalued. The current stock price of $118.72 is trading 10.5% below its estimated GF Value™ of $132.66. GuruFocus considers Fomento Economico MexicanoB de CV to be Modestly Undervalued.

Key valuation signals for FMX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $132.66 vs. price of $118.72 (10.5% below fair value)
  • GF Score™: 90/100 with 4 warning signs

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


Fomento Economico MexicanoB de CV Business Description

Address General Anaya No. 601 Pte., Colonia Bella Vista, Monterrey, NL, MEX, 64410
Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up over 70% of total company revenue and over 90% of profits in 2025.
90GF Score

Get the complete analysis for FMX

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

$118.72
Price
$132.66
GF Value