Carvana Co (HAM:CV0) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

HAM:CV0 Carvana Co HAM:CV0
73 GF Score
Price €50.61
GF Value €69.57
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Carvana Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Carvana Co  (HAM:CV0) 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.


Carvana Co Cyclically Adjusted PS Ratio Related Terms


Carvana Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Carvana Co'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.

Carvana Co Cyclically Adjusted PS Ratio Chart

Carvana Co 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 0.00 0.00 0.00 0.00 4.08

Carvana Co 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 0.00 3.69 4.08 2.89 0.00

HAM:CV0 vs PAG, KMX, ALTB: Cyclically Adjusted PS Ratio Comparison

For the Auto & Truck Dealerships subindustry, Carvana Co'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.


Carvana Co Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Carvana Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:CV0
73GF Score
Carvana Co HAM:CV0
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Carvana Co 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.

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

For example, Carvana Co'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)
=8.652/333.9520*333.9520
=8.652

Current CPI (Jun. 2026) = 333.9520.

Carvana Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.174 241.428 1.624
201612 1.350 241.432 1.867
201703 1.983 243.801 2.716
201706 2.480 244.955 3.381
201709 2.514 246.819 3.402
201712 2.819 246.524 3.819
201803 3.187 249.554 4.265
201806 2.929 251.989 3.882
201809 2.646 252.439 3.500
201812 2.610 251.233 3.469
201903 3.233 254.202 4.247
201906 3.792 256.143 4.944
201909 3.994 256.759 5.195
201912 3.957 256.974 5.142
202003 3.943 258.115 5.101
202006 2.994 257.797 3.878
202009 3.745 260.280 4.805
202012 4.104 260.474 5.262
202103 4.829 264.877 6.088
202106 3.146 271.696 3.867
202109 6.978 274.310 8.495
202112 7.641 278.802 9.152
202203 7.049 287.504 8.188
202206 7.243 296.311 8.163
202209 6.461 296.808 7.270
202212 5.057 296.797 5.690
202303 4.592 301.836 5.081
202306 5.158 305.109 5.646
202309 2.523 307.789 2.737
202312 2.108 306.746 2.295
202403 2.654 312.332 2.838
202406 4.932 314.175 5.242
202409 4.932 315.301 5.224
202412 4.803 315.605 5.082
202503 5.491 319.799 5.734
202506 5.859 322.561 6.066
202509 6.578 324.800 6.763
202512 6.728 324.054 6.934
202603 7.514 330.213 7.599
202606 8.652 333.952 8.652

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 Carvana Co (HAM:CV0) Overvalued in 2026?

Based on GuruFocus' analysis, Carvana Co stock appears to be undervalued. The current stock price of €50.61 is trading 27.3% below its estimated GF Value™ of €69.57. GuruFocus considers Carvana Co to be Modestly Undervalued.

Key valuation signals for HAM:CV0:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €69.57 vs. price of €50.61 (27.3% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the HAM:CV0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carvana Co Business Description

Address 300 E. Rio Salado Parkway, Tempe, AZ, USA, 85281
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
73GF Score

Get the complete analysis for HAM:CV0

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

€50.61
Price
€69.57
GF Value