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Jeronimo Martins SGPSHAM:JEM -1.26%95 Cyclically Adjusted PS Ratio is 0.39 as of Jul. 23, 2026, which is 41% below its 10-year median of 0.66. GuruFocus rates HAM:JEM with a GF Score™ of 95/100 and a GF Value™ of €22.07. The stock has 5 warning signs investors should review. Among 239 Retail - Defensive companies, Jeronimo Martins SGPS ranks better than 54.39% on this metric.
The historical rank and industry rank for Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio or its related term are showing as below:
HAM:JEM'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.39 Med: 0.66 Max: 0.93
Current: 0.4
During the past years, Jeronimo Martins SGPS's highest Cyclically Adjusted PS Ratio was 0.93. The lowest was 0.39. And the median was 0.66.
HAM:JEM's Cyclically Adjusted PS Ratio is ranked better than 54.39% of 239
companies
in the Retail - Defensive industry
Industry Median: 0.44
vs HAM:JEM: 0.40
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.
Jeronimo Martins SGPS's adjusted revenue per share data for the three months ended in Mar. 2026 was €14.169. 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 €42.02 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Jeronimo Martins SGPS (HAM:JEM) 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.
Jeronimo Martins SGPS Cyclically Adjusted PS Ratio Related Terms
Jeronimo Martins SGPS Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Jeronimo Martins SGPS'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.
Jeronimo Martins SGPS Cyclically Adjusted PS Ratio Chart
HAM:JEM vs SYY, USFD, PFGC: Cyclically Adjusted PS Ratio Comparison
For the Food Distribution subindustry, Jeronimo Martins SGPS'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.
Jeronimo Martins SGPS Cyclically Adjusted PS Ratio vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio falls into.
Jeronimo Martins SGPS 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.
* 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.
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 0.39 mean?
Jeronimo Martins SGPS (HAM:JEM) has a Cyclically Adjusted PS Ratio of 0.39 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 Jeronimo Martins SGPS and its competitors. This is 41% below median its historical median of 0.66. Over the past decade, Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio has ranged from 0.39 to 0.93. According to the industry distribution chart, Jeronimo Martins SGPS ranks #109 out of 239 companies in the Retail - Defensive industry, placing it in the top 45.6%.
Is Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio too high?
Jeronimo Martins SGPS's current Cyclically Adjusted PS Ratio of 0.39 is 41% below median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.93. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.44. Jeronimo Martins SGPS's value of 0.39 is 11.4% below this industry median. Based on the distribution chart, Jeronimo Martins SGPS ranks #109 out of 239 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Jeronimo Martins SGPS has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Jeronimo Martins SGPS ranks #109 out of 239 companies for Cyclically Adjusted PS Ratio. This puts Jeronimo Martins SGPS in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.44. Jeronimo Martins SGPS's value of 0.39 is 11.4% below this benchmark. Historically, Jeronimo Martins SGPS's own Cyclically Adjusted PS Ratio has ranged from 0.39 to 0.93 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 0.44, Jeronimo Martins SGPS 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. Jeronimo Martins SGPS's current Cyclically Adjusted PS Ratio of 0.39 is 11.4% 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 Jeronimo Martins SGPS 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. Jeronimo Martins SGPS's current Cyclically Adjusted PS Ratio is 0.39, which is 41% below median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jeronimo Martins SGPS stock overvalued right now?
Jeronimo Martins SGPS (HAM:JEM) has a current Cyclically Adjusted PS Ratio of 0.39. The stock's GF Value™ is €22.07, compared to a current price of €16.50 — trading 25.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.39, which is 41% below median its 10-year median of 0.66 and 11.4% below the Retail - Defensive industry median of 0.44. Jeronimo Martins SGPS's overall GF Score™ is 95/100 with 5 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 Jeronimo Martins SGPS (HAM:JEM), the current Cyclically Adjusted PS Ratio is 0.39 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 Jeronimo Martins SGPS (HAM:JEM) Overvalued in 2026?
Based on GuruFocus' analysis, Jeronimo Martins SGPS stock appears to be undervalued.
The current stock price of €16.50 is trading 25.2% below its estimated GF Value™ of €22.07.
Key valuation signals for HAM:JEM:
Cyclically Adjusted PS Ratio: 0.39 (41% below median its 10-year median of 0.66)
GF Value™: €22.07 vs. price of €16.50 (25.2% below fair value)
Industry Position: 11.4% below the Retail - Defensive median (#109 of 239)
No single metric tells the full story. See the HAM:JEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jeronimo Martins SGPS SA is engaged in food distribution business. It operates food retail business in Poland, Portugal, and Colombia. Its business areas include food distribution, Agribusiness, and Specialised retail. Its segments include Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets); Portugal Cash & Carry: includes the business unit Recheio; Poland Retail: the business unit which operates under Biedronka banner in this country; Poland Health and Beauty: includes the Hebe banner business unit in Poland, also includes the operations of its subsidiaries in Czechia and Slovakia; Colombia Retail: the business unit which operates under Ara banner; and Others. It derives the majority of the revenue from Poland Retail business segment.
95GF Score
Get the complete analysis for HAM:JEM
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