Mondelez International (FRA:KTF) Cyclically Adjusted PS Ratio: 2.37 (As of Jul. 22, 2026) — 12% 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:KTF Mondelez International Inc FRA:KTF
79 GF Score
Price €52.01
GF Value €66.66
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Mondelez International Cyclically Adjusted PS Ratio?

Mondelez International FRA:KTF -1.22% 79 Cyclically Adjusted PS Ratio is 2.37 as of Jul. 22, 2026, which is 12% below its 10-year median of 2.68. GuruFocus rates FRA:KTF with a GF Score™ of 79/100 and a GF Value™ of €66.66 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,448 Consumer Packaged Goods companies, Mondelez International ranks worse than 81.63% on this metric.

As of today (2026-07-22), Mondelez International's current share price is €52.01. Mondelez International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €21.91. Mondelez International's Cyclically Adjusted PS Ratio for today is 2.37.

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

FRA:KTF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.78   Med: 2.68   Max: 3.46
Current: 2.35

During the past years, Mondelez International's highest Cyclically Adjusted PS Ratio was 3.46. The lowest was 1.78. And the median was 2.68.

FRA:KTF's Cyclically Adjusted PS Ratio is ranked worse than
81.63% of 1448 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs FRA:KTF: 2.35

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.

Mondelez International's adjusted revenue per share data for the three months ended in Mar. 2026 was €6.780. 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 €21.91 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mondelez International  (FRA:KTF) 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.


Mondelez International Cyclically Adjusted PS Ratio Related Terms


Mondelez International Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mondelez International'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.

Mondelez International Cyclically Adjusted PS Ratio Chart

Mondelez International 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 3.16 3.02 3.16 2.53 2.18

Mondelez International 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 2.83 2.78 2.54 2.18 2.27

FRA:KTF vs HSY, TR, SOWG: Cyclically Adjusted PS Ratio Comparison

For the Confectioners subindustry, Mondelez International'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.


Mondelez International Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

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


FRA:KTF
79GF Score
Mondelez International Inc FRA:KTF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mondelez International 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.

Mondelez International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=52.01/21.91
=2.37

* 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.

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

For example, Mondelez International'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)
=6.78/330.2130*330.2130
=6.780

Current CPI (Mar. 2026) = 330.2130.

Mondelez International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.559 241.018 4.876
201609 3.616 241.428 4.946
201612 4.127 241.432 5.645
201703 3.869 243.801 5.240
201706 3.462 244.955 4.667
201709 3.595 246.819 4.810
201712 3.890 246.524 5.211
201803 3.645 249.554 4.823
201806 3.516 251.989 4.607
201809 3.641 252.439 4.763
201812 4.047 251.233 5.319
201903 3.960 254.202 5.144
201906 3.680 256.143 4.744
201909 3.958 256.759 5.090
201912 4.276 256.974 5.495
202003 4.201 258.115 5.374
202006 3.648 257.797 4.673
202009 3.924 260.280 4.978
202012 4.172 260.474 5.289
202103 4.276 264.877 5.331
202106 3.893 271.696 4.731
202109 4.336 274.310 5.220
202112 4.817 278.802 5.705
202203 5.043 287.504 5.792
202206 4.954 296.311 5.521
202209 5.686 296.808 6.326
202212 5.978 296.797 6.651
202303 6.235 301.836 6.821
202306 5.723 305.109 6.194
202309 6.175 307.789 6.625
202312 6.262 306.746 6.741
202403 6.308 312.332 6.669
202406 5.750 314.175 6.044
202409 6.170 315.301 6.462
202412 6.840 315.605 7.157
202503 6.601 319.799 6.816
202506 5.996 322.561 6.138
202509 6.406 324.800 6.513
202512 6.938 324.054 7.070
202603 6.780 330.213 6.780

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 2.37 mean?
Mondelez International (FRA:KTF) has a Cyclically Adjusted PS Ratio of 2.37 as of Jul. 22, 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 Mondelez International and its competitors. This is 12% below median its historical median of 2.68. Over the past decade, Mondelez International's Cyclically Adjusted PS Ratio has ranged from 1.78 to 3.46. According to the industry distribution chart, Mondelez International ranks #1182 out of 1448 companies in the Consumer Packaged Goods industry, placing it in the top 81.6%.
Is Mondelez International's Cyclically Adjusted PS Ratio too high?
Mondelez International's current Cyclically Adjusted PS Ratio of 2.37 is 12% below median its 10-year median of 2.68. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 3.46. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Mondelez International's value of 2.37 is 211.8% above this industry median. Based on the distribution chart, Mondelez International ranks #1182 out of 1448 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Mondelez International has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mondelez International's Cyclically Adjusted PS Ratio compare to HSY and TR?
According to the Consumer Packaged Goods industry distribution chart, Mondelez International ranks #1182 out of 1448 companies for Cyclically Adjusted PS Ratio. This places Mondelez International in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Mondelez International's value of 2.37 is 211.8% above this benchmark. Historically, Mondelez International's own Cyclically Adjusted PS Ratio has ranged from 1.78 to 3.46 over the past decade. While the company's 10-year median is 2.68 vs. the industry median of 0.76, Mondelez International 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.76, 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. Mondelez International's current Cyclically Adjusted PS Ratio of 2.37 is 211.8% 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 Mondelez International and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mondelez International's current Cyclically Adjusted PS Ratio is 2.37, which is 12% below median its own 10-year median of 2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mondelez International stock overvalued right now?
Based on GuruFocus' analysis, Mondelez International (FRA:KTF) is currently considered Modestly Undervalued. The stock's GF Value™ is €66.66, compared to a current price of €52.01 — trading 22% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.37, which is 12% below median its 10-year median of 2.68 and 211.8% above the Consumer Packaged Goods industry median of 0.76. Mondelez International's overall GF Score™ is 79/100 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 Mondelez International (FRA:KTF), the current Cyclically Adjusted PS Ratio is 2.37 as of Jul. 22, 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 Mondelez International (FRA:KTF) Overvalued in 2026?

Based on GuruFocus' analysis, Mondelez International stock appears to be undervalued. The current stock price of €52.01 is trading 22% below its estimated GF Value™ of €66.66. GuruFocus considers Mondelez International to be Modestly Undervalued.

Key valuation signals for FRA:KTF:

  • Cyclically Adjusted PS Ratio: 2.37 (12% below median its 10-year median of 2.68)
  • GF Value™: €66.66 vs. price of €52.01 (22% below fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 211.8% above the Consumer Packaged Goods median (#1182 of 1448)

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


Mondelez International Business Description

Address 905 West Fulton Market, Suite 200, Chicago, IL, USA, 60607
Mondelez has operated independently since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (48% of sales as of the end of fiscal 2025), chocolate (33%), gum/candy (10%), beverage (3%), and cheese and grocery (6%) aisles. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury. The firm derives around one-third of its revenue from developing markets, around 40% from Europe, and more than one-fourth from North America.
79GF Score

Get the complete analysis for FRA:KTF

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

€52.01
Price
€66.66
GF Value