United Natural Foods (FRA:UN3) Cyclically Adjusted PS Ratio: 0.11 (As of Jul. 23, 2026) — 22% Above 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:UN3 United Natural Foods Inc FRA:UN3
58 GF Score
Price €42.84
GF Value €18.45
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is United Natural Foods Cyclically Adjusted PS Ratio?

United Natural Foods FRA:UN3 +2.15% 58 Cyclically Adjusted PS Ratio is 0.11 as of Jul. 23, 2026, which is 22% above its 10-year median of 0.09. GuruFocus rates FRA:UN3 with a GF Score™ of 58/100 and a GF Value™ of €18.45 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 239 Retail - Defensive companies, United Natural Foods ranks better than 89.96% on this metric.

As of today (2026-07-23), United Natural Foods's current share price is €42.84. United Natural Foods's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was €406.20. United Natural Foods's Cyclically Adjusted PS Ratio for today is 0.11.

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

FRA:UN3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.09   Max: 0.44
Current: 0.1

During the past years, United Natural Foods's highest Cyclically Adjusted PS Ratio was 0.44. The lowest was 0.02. And the median was 0.09.

FRA:UN3's Cyclically Adjusted PS Ratio is ranked better than
89.96% of 239 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs FRA:UN3: 0.10

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.

United Natural Foods's adjusted revenue per share data for the three months ended in Apr. 2026 was €105.314. 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 €406.20 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Natural Foods  (FRA:UN3) 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.


United Natural Foods Cyclically Adjusted PS Ratio Related Terms


United Natural Foods Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for United Natural 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.

United Natural Foods Cyclically Adjusted PS Ratio Chart

United Natural Foods Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 0.13 0.06 0.04 0.06

United Natural Foods Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.06 0.06 0.08 0.08 0.10

FRA:UN3 vs ANDE, CHEF, AVO: Cyclically Adjusted PS Ratio Comparison

For the Food Distribution subindustry, United Natural 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.


United Natural Foods Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

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

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


FRA:UN3
58GF Score
United Natural Foods Inc FRA:UN3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Natural 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=42.84/406.20
=0.11

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=105.314/333.0200*333.0200
=105.314

Current CPI (Apr. 2026) = 333.0200.

United Natural Foods Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 39.661 240.628 54.889
201610 40.885 241.729 56.326
201701 42.329 242.839 58.048
201704 43.519 244.524 59.269
201707 39.840 244.786 54.200
201710 41.042 246.663 55.411
201801 40.854 247.867 54.889
201804 42.538 250.546 56.541
201807 43.595 252.006 57.610
201810 49.331 252.885 64.963
201901 106.006 251.712 140.248
201904 104.127 255.548 135.694
201907 124.934 256.571 162.160
201910 106.969 257.346 138.424
202001 108.265 257.971 139.761
202004 117.159 256.389 152.176
202007 108.053 259.101 138.879
202010 102.924 260.388 131.633
202101 95.691 261.582 121.824
202104 91.628 267.054 114.261
202107 93.560 273.003 114.128
202110 98.714 276.589 118.854
202201 107.471 281.148 127.299
202204 110.116 289.109 126.841
202207 117.203 296.276 131.738
202210 124.107 298.012 138.686
202301 118.906 299.170 132.360
202304 113.351 303.363 124.432
202307 112.123 305.691 122.147
202310 121.836 307.671 131.874
202401 120.159 308.417 129.744
202404 117.645 313.548 124.951
202407 126.156 314.540 133.568
202410 121.235 315.664 127.901
202501 130.907 317.671 137.232
202504 118.554 320.795 123.072
202507 109.016 323.048 112.381
202510 110.948 0.000
202601 107.861 325.252 110.437
202604 105.314 333.020 105.314

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 0.11 mean?
United Natural Foods (FRA:UN3) has a Cyclically Adjusted PS Ratio of 0.11 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 United Natural Foods and its competitors. This is 22% above median its historical median of 0.09. Over the past decade, United Natural Foods' Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.44. According to the industry distribution chart, United Natural Foods ranks #24 out of 239 companies in the Retail - Defensive industry, placing it in the top 10%.
Is United Natural Foods' Cyclically Adjusted PS Ratio too high?
United Natural Foods' current Cyclically Adjusted PS Ratio of 0.11 is 22% above median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.44. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.44. United Natural Foods' value of 0.11 is 75% below this industry median. Based on the distribution chart, United Natural Foods ranks #24 out of 239 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, United Natural Foods has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Natural Foods' Cyclically Adjusted PS Ratio compare to ANDE and CHEF?
According to the Retail - Defensive industry distribution chart, United Natural Foods ranks #24 out of 239 companies for Cyclically Adjusted PS Ratio. This places United Natural Foods in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.44. United Natural Foods' value of 0.11 is 75% below this benchmark. Historically, United Natural Foods' own Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.44 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 0.44, United Natural 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 Retail - Defensive company?
The median Cyclically Adjusted PS Ratio among Retail - Defensive companies is 0.44, based on 239 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. United Natural Foods's current Cyclically Adjusted PS Ratio of 0.11 is 75% 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 United Natural Foods and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PS Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Natural Foods's current Cyclically Adjusted PS Ratio is 0.11, which is 22% above median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Natural Foods stock overvalued right now?
Based on GuruFocus' analysis, United Natural Foods (FRA:UN3) is currently considered Significantly Overvalued. The stock's GF Value™ is €18.45, compared to a current price of €42.84 — trading 132.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.11, which is 22% above median its 10-year median of 0.09 and 75% below the Retail - Defensive industry median of 0.44. United Natural Foods' overall GF Score™ is 58/100 with 8 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 United Natural Foods (FRA:UN3), the current Cyclically Adjusted PS Ratio is 0.11 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 United Natural Foods (FRA:UN3) Overvalued in 2026?

Based on GuruFocus' analysis, United Natural Foods stock appears to be overvalued. The current stock price of €42.84 is trading 132.2% above its estimated GF Value™ of €18.45. GuruFocus considers United Natural Foods to be Significantly Overvalued.

Key valuation signals for FRA:UN3:

  • Cyclically Adjusted PS Ratio: 0.11 (22% above median its 10-year median of 0.09)
  • GF Value™: €18.45 vs. price of €42.84 (132.2% above fair value)
  • GF Score™: 58/100 with 8 warning signs
  • Industry Position: 75% below the Retail - Defensive median (#24 of 239)

No single metric tells the full story. See the FRA:UN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Natural Foods Business Description

Address 15 Park Row West, Suite 302, Providence, RI, USA, 02903
United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.
58GF Score

Get the complete analysis for FRA:UN3

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

€42.84
Price
€18.45
GF Value