United Parcel Service (HAM:UPAB) Cyclically Adjusted PS Ratio: 0.91 (As of Aug. 01, 2026) — 48% Below Median

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HAM:UPAB United Parcel Service Inc HAM:UPAB
76 GF Score
Price €91.08
GF Value €105.88
Valuation Modestly Undervalued
! 5 Warning Signs
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What is United Parcel Service Cyclically Adjusted PS Ratio?

United Parcel Service HAM:UPAB +1.97% 76 Cyclically Adjusted PS Ratio is 0.91 as of Aug. 01, 2026, which is 48% below its 10-year median of 1.74. GuruFocus rates HAM:UPAB with a GF Score™ of 76/100 and a GF Value™ of €105.88 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 763 Transportation companies, United Parcel Service ranks worse than 50.46% on this metric.

As of today (2026-08-01), United Parcel Service's current share price is €91.08. United Parcel Service's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €99.80. United Parcel Service's Cyclically Adjusted PS Ratio for today is 0.91.

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

HAM:UPAB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.74   Max: 2.79
Current: 0.9

During the past years, United Parcel Service's highest Cyclically Adjusted PS Ratio was 2.79. The lowest was 0.74. And the median was 1.74.

HAM:UPAB's Cyclically Adjusted PS Ratio is ranked worse than
50.46% of 763 companies
in the Transportation industry
Industry Median: 0.89 vs HAM:UPAB: 0.90

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 Parcel Service's adjusted revenue per share data for the three months ended in Jun. 2026 was €23.290. 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 €99.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Parcel Service  (HAM:UPAB) 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 Parcel Service Cyclically Adjusted PS Ratio Related Terms


United Parcel Service Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for United Parcel Service'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 Parcel Service Cyclically Adjusted PS Ratio Chart

United Parcel Service 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 2.50 1.82 1.55 1.18 0.89

United Parcel Service 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 0.92 0.75 0.89 0.86 0.93

HAM:UPAB vs FDX, JBHT, FDXF: Cyclically Adjusted PS Ratio Comparison

For the Integrated Freight & Logistics subindustry, United Parcel Service'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 Parcel Service Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, United Parcel Service's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:UPAB
76GF Score
United Parcel Service Inc HAM:UPAB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Parcel Service 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 Parcel Service's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=91.08/99.80
=0.91

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

For example, United Parcel Service'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)
=23.29/333.9520*333.9520
=23.290

Current CPI (Jun. 2026) = 333.9520.

United Parcel Service Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 15.029 241.428 20.789
201612 18.976 241.432 26.248
201703 16.498 243.801 22.599
201706 16.182 244.955 22.061
201709 15.525 246.819 21.006
201712 18.387 246.524 24.908
201803 15.952 249.554 21.347
201806 17.175 251.989 22.761
201809 17.183 252.439 22.731
201812 20.053 251.233 26.655
201903 17.476 254.202 22.959
201906 18.380 256.143 23.963
201909 19.118 256.759 24.866
201912 21.302 256.974 27.683
202003 18.782 258.115 24.300
202006 20.906 257.797 27.082
202009 20.678 260.280 26.531
202012 23.415 260.474 30.020
202103 21.967 264.877 27.696
202106 22.143 271.696 27.217
202109 22.419 274.310 27.293
202112 27.992 278.802 33.529
202203 25.182 287.504 29.250
202206 26.745 296.311 30.142
202209 27.985 296.808 31.487
202212 29.265 296.797 32.929
202303 24.754 301.836 27.388
202306 23.643 305.109 25.878
202309 23.000 307.789 24.955
202312 26.661 306.746 29.026
202403 23.302 312.332 24.915
202406 23.651 314.175 25.140
202409 23.442 315.301 24.829
202412 28.227 315.605 29.868
202503 23.447 319.799 24.485
202506 21.722 322.561 22.489
202509 21.516 324.800 22.122
202512 24.508 324.054 25.257
202603 21.576 330.213 21.820
202606 23.290 333.952 23.290

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 0.91 mean?
United Parcel Service (HAM:UPAB) has a Cyclically Adjusted PS Ratio of 0.91 as of Aug. 01, 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 Parcel Service and its competitors. This is 48% below median its historical median of 1.74. Over the past decade, United Parcel Service's Cyclically Adjusted PS Ratio has ranged from 0.74 to 2.79. According to the industry distribution chart, United Parcel Service ranks #385 out of 763 companies in the Transportation industry, placing it in the top 50.5%.
Is United Parcel Service's Cyclically Adjusted PS Ratio too high?
United Parcel Service's current Cyclically Adjusted PS Ratio of 0.91 is 48% below median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 2.79. The Transportation industry median Cyclically Adjusted PS Ratio is 0.89. United Parcel Service's value of 0.91 is 2.2% above this industry median. Based on the distribution chart, United Parcel Service ranks #385 out of 763 companies in the Transportation industry, which is below the industry midpoint. Overall, United Parcel Service has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Parcel Service's Cyclically Adjusted PS Ratio compare to FDX and JBHT?
According to the Transportation industry distribution chart, United Parcel Service ranks #385 out of 763 companies for Cyclically Adjusted PS Ratio. This places United Parcel Service in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.89. United Parcel Service's value of 0.91 is 2.2% above this benchmark. Historically, United Parcel Service's own Cyclically Adjusted PS Ratio has ranged from 0.74 to 2.79 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 0.89, United Parcel Service has consistently been above 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.89, based on 763 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 Parcel Service's current Cyclically Adjusted PS Ratio of 0.91 is 2.2% above 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 Parcel Service and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Parcel Service's current Cyclically Adjusted PS Ratio is 0.91, which is 48% below median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Parcel Service stock overvalued right now?
Based on GuruFocus' analysis, United Parcel Service (HAM:UPAB) is currently considered Modestly Undervalued. The stock's GF Value™ is €105.88, compared to a current price of €91.08 — trading 14% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.91, which is 48% below median its 10-year median of 1.74 and 2.2% above the Transportation industry median of 0.89. United Parcel Service's overall GF Score™ is 76/100 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 United Parcel Service (HAM:UPAB), the current Cyclically Adjusted PS Ratio is 0.91 as of Aug. 01, 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 Parcel Service (HAM:UPAB) Overvalued in 2026?

Based on GuruFocus' analysis, United Parcel Service stock appears to be undervalued. The current stock price of €91.08 is trading 14% below its estimated GF Value™ of €105.88. GuruFocus considers United Parcel Service to be Modestly Undervalued.

Key valuation signals for HAM:UPAB:

  • Cyclically Adjusted PS Ratio: 0.91 (48% below median its 10-year median of 1.74)
  • GF Value™: €105.88 vs. price of €91.08 (14% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 2.2% above the Transportation median (#385 of 763)

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


United Parcel Service Business Description

Address 55 Glenlake Parkway, N.E. Atlanta, Atlanta, GA, USA, 30328
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic US package operations generate around 65% of total revenue, while international package makes up 20%. Air and ocean freight forwarding and contract logistics make up the remainder.
76GF Score

Get the complete analysis for HAM:UPAB

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

€91.08
Price
€105.88
GF Value