Flowers Foods (FRA:FWF) Cyclically Adjusted PS Ratio: 0.33 (As of Jul. 19, 2026) — 72% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

FRA:FWF Flowers Foods Inc FRA:FWF
51 GF Score
Price €7.48
GF Value €19.26
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Flowers Foods Cyclically Adjusted PS Ratio?

Flowers Foods FRA:FWF +5.17% 51 Cyclically Adjusted PS Ratio is 0.33 as of Jul. 19, 2026, which is 72% below its 10-year median of 1.17. GuruFocus rates FRA:FWF with a GF Score™ of 51/100 and a GF Value™ of €19.26 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,448 Consumer Packaged Goods companies, Flowers Foods ranks better than 73.83% on this metric.

As of today (2026-07-19), Flowers Foods's current share price is €7.48. Flowers Foods's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €22.65. Flowers Foods's Cyclically Adjusted PS Ratio for today is 0.33.

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

FRA:FWF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.28   Med: 1.17   Max: 1.4
Current: 0.34

During the past years, Flowers Foods's highest Cyclically Adjusted PS Ratio was 1.40. The lowest was 0.28. And the median was 1.17.

FRA:FWF's Cyclically Adjusted PS Ratio is ranked better than
73.83% of 1448 companies
in the Consumer Packaged Goods industry
Industry Median: 0.77 vs FRA:FWF: 0.34

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.

Flowers Foods's adjusted revenue per share data for the three months ended in Mar. 2026 was €6.395. 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 €22.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Flowers Foods  (FRA:FWF) 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.


Flowers Foods Cyclically Adjusted PS Ratio Related Terms


Flowers Foods Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Flowers Foods'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.

Flowers Foods Cyclically Adjusted PS Ratio Chart

Flowers Foods 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 1.32 1.27 0.96 0.86 0.44

Flowers Foods Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.78 0.65 0.52 0.44 0.32

FRA:FWF vs NOMD, JJSF, BRBR: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Flowers Foods'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.


Flowers Foods Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Flowers Foods's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:FWF
51GF Score
Flowers Foods Inc FRA:FWF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flowers Foods 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.

Flowers Foods's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.48/22.65
=0.33

* 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.

Flowers Foods's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Flowers Foods's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6.395/330.2130*330.2130
=6.395

Current CPI (Mar. 2026) = 330.2130.

Flowers Foods Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.981 241.018 5.454
201609 3.918 241.428 5.359
201612 3.927 241.432 5.371
201703 5.281 243.801 7.153
201706 3.922 244.955 5.287
201709 3.734 246.819 4.996
201712 3.498 246.524 4.685
201803 4.630 249.554 6.126
201806 3.810 251.989 4.993
201809 3.741 252.439 4.894
201812 3.648 251.233 4.795
201903 5.279 254.202 6.858
201906 4.074 256.143 5.252
201909 4.140 256.759 5.324
201912 3.896 256.974 5.006
202003 5.767 258.115 7.378
202006 4.291 257.797 5.496
202009 3.955 260.280 5.018
202012 3.956 260.474 5.015
202103 5.141 264.877 6.409
202106 3.963 271.696 4.817
202109 4.098 274.310 4.933
202112 4.083 278.802 4.836
202203 6.112 287.504 7.020
202206 5.007 296.311 5.580
202209 5.483 296.808 6.100
202212 4.799 296.797 5.339
202303 6.716 301.836 7.347
202306 5.321 305.109 5.759
202309 5.312 307.789 5.699
202312 4.859 306.746 5.231
202403 6.839 312.332 7.231
202406 5.360 314.175 5.634
202409 5.060 315.301 5.299
202412 5.001 315.605 5.232
202503 6.777 319.799 6.998
202506 5.083 322.561 5.204
202509 4.927 324.800 5.009
202512 4.963 324.054 5.057
202603 6.395 330.213 6.395

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 0.33 mean?
Flowers Foods (FRA:FWF) has a Cyclically Adjusted PS Ratio of 0.33 as of Jul. 19, 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 Flowers Foods and its competitors. This is 72% below median its historical median of 1.17. Over the past decade, Flowers Foods' Cyclically Adjusted PS Ratio has ranged from 0.28 to 1.40. According to the industry distribution chart, Flowers Foods ranks #379 out of 1448 companies in the Consumer Packaged Goods industry, placing it in the top 26.2%.
Is Flowers Foods' Cyclically Adjusted PS Ratio too high?
Flowers Foods' current Cyclically Adjusted PS Ratio of 0.33 is 72% below median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.40. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. Flowers Foods' value of 0.33 is 57.1% below this industry median. Based on the distribution chart, Flowers Foods ranks #379 out of 1448 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Flowers Foods has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Flowers Foods' Cyclically Adjusted PS Ratio compare to NOMD and JJSF?
According to the Consumer Packaged Goods industry distribution chart, Flowers Foods ranks #379 out of 1448 companies for Cyclically Adjusted PS Ratio. This puts Flowers Foods in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. Flowers Foods' value of 0.33 is 57.1% below this benchmark. Historically, Flowers Foods' own Cyclically Adjusted PS Ratio has ranged from 0.28 to 1.40 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 0.77, Flowers Foods 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,448 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. Flowers Foods's current Cyclically Adjusted PS Ratio of 0.33 is 57.1% 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 Flowers Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flowers Foods's current Cyclically Adjusted PS Ratio is 0.33, which is 72% below median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flowers Foods stock overvalued right now?
Based on GuruFocus' analysis, Flowers Foods (FRA:FWF) is currently considered Significantly Undervalued. The stock's GF Value™ is €19.26, compared to a current price of €7.48 — trading 61.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.33, which is 72% below median its 10-year median of 1.17 and 57.1% below the Consumer Packaged Goods industry median of 0.77. Flowers Foods' overall GF Score™ is 51/100 with 6 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 Flowers Foods (FRA:FWF), the current Cyclically Adjusted PS Ratio is 0.33 as of Jul. 19, 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 Flowers Foods (FRA:FWF) Overvalued in 2026?

Based on GuruFocus' analysis, Flowers Foods stock appears to be undervalued. The current stock price of €7.48 is trading 61.2% below its estimated GF Value™ of €19.26. GuruFocus considers Flowers Foods to be Significantly Undervalued.

Key valuation signals for FRA:FWF:

  • Cyclically Adjusted PS Ratio: 0.33 (72% below median its 10-year median of 1.17)
  • GF Value™: €19.26 vs. price of €7.48 (61.2% below fair value)
  • GF Score™: 51/100 with 6 warning signs
  • Industry Position: 57.1% below the Consumer Packaged Goods median (#379 of 1448)

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


Flowers Foods Business Description

Other Exchanges FLO:USAFLO:Mexico
Address 1919 Flowers Circle, Thomasville, GA, USA, 31757
Flowers Foods Inc operates as a producer and marketer of packaged bakery foods in the United States. Its principal products include breads, buns, rolls, snack items (bars, cakes, cookies, and crackers), bagels, English muffins, tortillas, and baking mixes. These products are sold under the brand names Nature's Own, Dave's Killer Bread (DKB), Canyon Bakehouse, Simple Mills, Wonder, and Tastykake. The company derives the majority of its revenue from the sales of its bakery products.
51GF Score

Get the complete analysis for FRA:FWF

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

€7.48
Price
€19.26
GF Value