Loblaw (FRA:L8G) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

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:L8G Loblaw Companies Ltd FRA:L8G
90 GF Score
Price €40.40
GF Value €31.04
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Loblaw Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Loblaw  (FRA:L8G) 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.


Loblaw Cyclically Adjusted PS Ratio Related Terms


Loblaw Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Loblaw'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.

Loblaw Cyclically Adjusted PS Ratio Chart

Loblaw 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 0.77 0.82 0.82 1.15 1.42

Loblaw 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 1.32 1.24 1.42 1.42 0.00

FRA:L8G vs KR, SFM, ACI: Cyclically Adjusted PS Ratio Comparison

For the Grocery Stores subindustry, Loblaw'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.


Loblaw Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

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

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


FRA:L8G
90GF Score
Loblaw Companies Ltd FRA:L8G
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Loblaw 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.

Loblaw's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Loblaw'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)
=7.957/134.0005*134.0005
=7.957

Current CPI (Jun. 2026) = 134.0005.

Loblaw Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.518 102.002 5.935
201609 5.905 101.765 7.776
201612 4.866 101.449 6.427
201703 4.506 102.634 5.883
201706 4.632 103.029 6.024
201709 6.137 103.345 7.957
201712 4.610 103.345 5.977
201803 4.214 105.004 5.378
201806 4.650 105.557 5.903
201809 6.255 105.636 7.935
201812 4.864 105.399 6.184
201903 4.749 106.979 5.949
201906 5.004 107.690 6.227
201909 6.861 107.611 8.544
201912 5.433 107.769 6.755
202003 5.295 107.927 6.574
202009 7.023 108.164 8.701
202012 6.016 108.559 7.426
202103 5.697 110.298 6.921
202106 6.186 111.720 7.420
202109 7.914 112.905 9.393
202112 6.526 113.774 7.686
202203 6.530 117.646 7.438
202206 7.096 120.806 7.871
202209 9.986 120.648 11.091
202212 7.296 120.964 8.082
202303 6.828 122.702 7.457
202306 7.398 124.203 7.982
202309 9.931 125.230 10.626
202312 7.878 125.072 8.440
202403 7.399 126.258 7.853
202406 7.654 127.522 8.043
202409 10.043 127.285 10.573
202412 7.688 127.364 8.089
202503 7.402 129.181 7.678
202506 7.617 129.892 7.858
202509 9.992 130.287 10.277
202512 8.180 130.366 8.408
202603 7.751 132.262 7.853
202606 7.957 134.001 7.957

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 Loblaw (FRA:L8G) Overvalued in 2026?

Based on GuruFocus' analysis, Loblaw stock appears to be overvalued. The current stock price of €40.40 is trading 30.2% above its estimated GF Value™ of €31.04. GuruFocus considers Loblaw to be Modestly Overvalued.

Key valuation signals for FRA:L8G:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €31.04 vs. price of €40.40 (30.2% above fair value)
  • GF Score™: 90/100 with 5 warning signs

No single metric tells the full story. See the FRA:L8G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Loblaw Business Description

Address 1 President’s Choice Circle, Brampton, ON, CAN, L6Y 5S5
Loblaw is Canada's largest retailer, operating approximately 2,500 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands. Beyond retail, Loblaw runs the PC Optimum loyalty program, but announced plans to sell its financial services arm including credit cards and insurance brokerage to EQB in December 2025. George Weston is Loblaw's controlling shareholder with a 53% stake.
90GF Score

Get the complete analysis for FRA:L8G

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

€40.40
Price
€31.04
GF Value