Mulberry Group (FRA:MUY) Cyclically Adjusted PS Ratio: 0.49 (As of Jul. 23, 2026) — 48% 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:MUY Mulberry Group PLC FRA:MUY
41 GF Score
Price €1.48
GF Value €0.96
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Mulberry Group Cyclically Adjusted PS Ratio?

Mulberry Group FRA:MUY -0.67% 41 Cyclically Adjusted PS Ratio is 0.49 as of Jul. 23, 2026, which is 48% below its 10-year median of 0.94. GuruFocus rates FRA:MUY with a GF Score™ of 41/100 and a GF Value™ of €0.96 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 883 Manufacturing - Apparel & Accessories companies, Mulberry Group ranks better than 61.49% on this metric.

As of today (2026-07-23), Mulberry Group's current share price is €1.48. Mulberry Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was €3.04. Mulberry Group's Cyclically Adjusted PS Ratio for today is 0.49.

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

FRA:MUY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.94   Max: 5.5
Current: 0.47

During the past 13 years, Mulberry Group's highest Cyclically Adjusted PS Ratio was 5.50. The lowest was 0.26. And the median was 0.94.

FRA:MUY's Cyclically Adjusted PS Ratio is ranked better than
61.49% of 883 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.64 vs FRA:MUY: 0.47

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.

Mulberry Group's adjusted revenue per share data of for the fiscal year that ended in Mar26 was €2.064. 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 €3.04 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mulberry Group  (FRA:MUY) 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.


Mulberry Group Cyclically Adjusted PS Ratio Related Terms


Mulberry Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mulberry Group'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.

Mulberry Group Cyclically Adjusted PS Ratio Chart

Mulberry Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 0.70 0.34 0.30 0.33

Mulberry Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.34 0.00 0.30 0.00 0.33

FRA:MUY vs NKE, DECK, ONON: Cyclically Adjusted PS Ratio Comparison

For the Footwear & Accessories subindustry, Mulberry Group'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.


Mulberry Group Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mulberry Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:MUY
41GF Score
Mulberry Group PLC FRA:MUY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mulberry Group 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.

Mulberry Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.48/3.04
=0.49

* 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.

Mulberry Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Mulberry Group's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=2.064/140.8000*140.8000
=2.064

Current CPI (Mar26) = 140.8000.

Mulberry Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 3.262 102.700 4.472
201803 3.225 105.100 4.320
201903 3.247 107.000 4.273
202003 2.816 108.600 3.651
202103 2.251 109.700 2.889
202203 3.064 116.500 3.703
202303 3.026 126.800 3.360
202403 2.993 131.600 3.202
202503 2.224 136.100 2.301
202603 2.064 140.800 2.064

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 0.49 mean?
Mulberry Group (FRA:MUY) has a Cyclically Adjusted PS Ratio of 0.49 as of Jul. 23, 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 Mulberry Group and its competitors. This is 48% below median its historical median of 0.94. Over the past decade, Mulberry Group's Cyclically Adjusted PS Ratio has ranged from 0.26 to 5.50. According to the industry distribution chart, Mulberry Group ranks #340 out of 883 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 38.5%.
Is Mulberry Group's Cyclically Adjusted PS Ratio too high?
Mulberry Group's current Cyclically Adjusted PS Ratio of 0.49 is 48% below median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 5.50. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.64. Mulberry Group's value of 0.49 is 23.4% below this industry median. Based on the distribution chart, Mulberry Group ranks #340 out of 883 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Mulberry Group has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mulberry Group's Cyclically Adjusted PS Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mulberry Group ranks #340 out of 883 companies for Cyclically Adjusted PS Ratio. This puts Mulberry Group in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.64. Mulberry Group's value of 0.49 is 23.4% below this benchmark. Historically, Mulberry Group's own Cyclically Adjusted PS Ratio has ranged from 0.26 to 5.50 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.64, Mulberry Group 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PS Ratio among Manufacturing - Apparel & Accessories companies is 0.64, based on 883 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. Mulberry Group's current Cyclically Adjusted PS Ratio of 0.49 is 23.4% 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 Mulberry Group and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PS Ratio is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mulberry Group's current Cyclically Adjusted PS Ratio is 0.49, which is 48% below median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mulberry Group stock overvalued right now?
Based on GuruFocus' analysis, Mulberry Group (FRA:MUY) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.96, compared to a current price of €1.48 — trading 54.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.49, which is 48% below median its 10-year median of 0.94 and 23.4% below the Manufacturing - Apparel & Accessories industry median of 0.64. Mulberry Group's overall GF Score™ is 41/100 with 9 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 Mulberry Group (FRA:MUY), the current Cyclically Adjusted PS Ratio is 0.49 as of Jul. 23, 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 Mulberry Group (FRA:MUY) Overvalued in 2026?

Based on GuruFocus' analysis, Mulberry Group stock appears to be overvalued. The current stock price of €1.48 is trading 54.2% above its estimated GF Value™ of €0.96. GuruFocus considers Mulberry Group to be Significantly Overvalued.

Key valuation signals for FRA:MUY:

  • Cyclically Adjusted PS Ratio: 0.49 (48% below median its 10-year median of 0.94)
  • GF Value™: €0.96 vs. price of €1.48 (54.2% above fair value)
  • GF Score™: 41/100 with 9 warning signs
  • Industry Position: 23.4% below the Manufacturing - Apparel & Accessories median (#340 of 883)

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


Mulberry Group Business Description

Other Exchanges MUL:UK
Address The Rookery, Chilcompton, Bath, Somerset, GBR, BA3 4EH
Mulberry Group PLC is a manufacturer of luxury leather goods in the United Kingdom. The Group designs, manufactures and manages its business under the Mulberry brand. The company operates in three geographical segments: UK, Asia Pacific, and Other international. Through its Omni Channel operations, the UK segment generates the majority of the revenue for the company.
41GF Score

Get the complete analysis for FRA:MUY

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

€1.48
Price
€0.96
GF Value