Mercedes-Benz Group AG (HAM:DAII) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.

HAM:DAII Mercedes-Benz Group AG HAM:DAII
71 GF Score
Price €11.00
GF Value €13.25
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Mercedes-Benz Group AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mercedes-Benz Group AG  (HAM:DAII) 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.


Mercedes-Benz Group AG Cyclically Adjusted PS Ratio Related Terms


Mercedes-Benz Group AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mercedes-Benz Group AG'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.

Mercedes-Benz Group AG Cyclically Adjusted PS Ratio Chart

Mercedes-Benz Group AG 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 - - - - 0.36

Mercedes-Benz Group AG 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 - - 0.36 0.31 0.26

HAM:DAII vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, Mercedes-Benz Group AG'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.


Mercedes-Benz Group AG Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mercedes-Benz Group AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Mercedes-Benz Group AG's Cyclically Adjusted PS Ratio falls into.


HAM:DAII
71GF Score
Mercedes-Benz Group AG HAM:DAII
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercedes-Benz Group AG 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.

Mercedes-Benz Group AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Mercedes-Benz Group AG'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)
=8.373/131.3638*131.3638
=8.373

Current CPI (Jun. 2026) = 131.3638.

Mercedes-Benz Group AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 9.040 101.017 11.756
201612 9.581 101.217 12.435
201703 9.016 101.417 11.678
201706 9.631 102.117 12.389
201709 9.522 102.717 12.178
201712 10.192 102.617 13.047
201803 9.297 102.917 11.867
201806 9.524 104.017 12.028
201809 9.397 104.718 11.788
201812 10.892 104.217 13.729
201903 9.278 104.217 11.695
201906 9.968 105.718 12.386
201909 10.112 106.018 12.530
201912 11.014 105.818 13.673
202003 8.699 105.718 10.809
202006 7.054 106.618 8.691
202009 7.389 105.818 9.173
202012 8.572 105.518 10.672
202103 7.684 107.518 9.388
202106 7.974 108.486 9.656
202109 7.396 109.435 8.878
202112 8.235 110.384 9.800
202203 8.146 113.968 9.389
202206 8.516 115.760 9.664
202209 8.814 118.818 9.745
202212 9.582 119.345 10.547
202303 8.770 122.402 9.412
202306 8.962 123.140 9.560
202309 8.752 124.195 9.257
202312 9.574 123.773 10.161
202403 8.637 125.038 9.074
202406 8.987 125.882 9.378
202409 8.293 126.198 8.632
202412 9.937 127.041 10.275
202503 8.626 127.779 8.868
202506 8.608 128.412 8.806
202509 8.346 129.255 8.482
202512 8.764 129.361 8.900
202603 8.290 131.258 8.297
202606 8.373 131.364 8.373

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 Mercedes-Benz Group AG (HAM:DAII) Overvalued in 2026?

Based on GuruFocus' analysis, Mercedes-Benz Group AG stock appears to be undervalued. The current stock price of €11.00 is trading 17% below its estimated GF Value™ of €13.25. GuruFocus considers Mercedes-Benz Group AG to be Modestly Undervalued.

Key valuation signals for HAM:DAII:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €13.25 vs. price of €11.00 (17% below fair value)
  • GF Score™: 71/100 with 5 warning signs

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


Mercedes-Benz Group AG Business Description

Address Mercedesstrasse 120, Stuttgart, BW, DEU, 70372
Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 400,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its brand alone. In 2025, 15% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 58% were core (C and E Class), and 27% entry (A and B Class). In volume terms, Asia and Europe are Mercedes' largest markets, representing 41% and 36% of 2025 vehicle sales, respectively, followed by North America at 16%.
71GF Score

Get the complete analysis for HAM:DAII

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

€11.00
Price
€13.25
GF Value