HLF (Herbalife) Cyclically Adjusted PS Ratio: (As of Sep. 20, 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.

HLF Herbalife Ltd HLF
65 GF Score
Price $11.89
GF Value $10.22
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Herbalife Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Herbalife  (NYSE:HLF) 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.


Herbalife Cyclically Adjusted PS Ratio Related Terms


Herbalife Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Herbalife'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.

Herbalife Cyclically Adjusted PS Ratio Chart

Herbalife 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 1.19 0.38 0.36 0.15 0.27

Herbalife 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 0.18 0.18 0.27 0.30 0.26

HLF vs UTZ, SENEA, BRBR: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Herbalife'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.


Herbalife Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Herbalife's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HLF
65GF Score
Herbalife Ltd HLF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Herbalife 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.

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

For example, Herbalife'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)
=12.697/333.9520*333.9520
=12.697

Current CPI (Jun. 2026) = 333.9520.

Herbalife Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.493 241.428 8.981
201612 6.076 241.432 8.404
201703 6.356 243.801 8.706
201706 6.723 244.955 9.166
201709 6.539 246.819 8.847
201712 7.499 246.524 10.158
201803 7.712 249.554 10.320
201806 8.463 251.989 11.216
201809 8.536 252.439 11.292
201812 8.183 251.233 10.877
201903 8.056 254.202 10.583
201906 8.709 256.143 11.355
201909 8.889 256.759 11.561
201912 8.667 256.974 11.263
202003 9.004 258.115 11.649
202006 9.614 257.797 12.454
202009 11.485 260.280 14.736
202012 11.349 260.474 14.550
202103 13.516 264.877 17.041
202106 14.086 271.696 17.314
202109 13.274 274.310 16.160
202112 12.722 278.802 15.239
202203 13.135 287.504 15.257
202206 14.110 296.311 15.902
202209 13.108 296.808 14.748
202212 11.927 296.797 13.420
202303 12.496 301.836 13.826
202306 13.206 305.109 14.454
202309 12.762 307.789 13.847
202312 12.066 306.746 13.136
202403 12.555 312.332 13.424
202406 12.597 314.175 13.390
202409 12.172 315.301 12.892
202412 11.837 315.605 12.525
202503 11.954 319.799 12.483
202506 12.189 322.561 12.619
202509 12.247 324.800 12.592
202512 12.219 324.054 12.592
202603 12.151 330.213 12.289
202606 12.697 333.952 12.697

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 Herbalife (HLF) Overvalued in 2026?

Based on GuruFocus' analysis, Herbalife stock appears to be overvalued. The current stock price of $11.89 is trading 16.3% above its estimated GF Value™ of $10.22. GuruFocus considers Herbalife to be Modestly Overvalued.

Key valuation signals for HLF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $10.22 vs. price of $11.89 (16.3% above fair value)
  • GF Score™: 65/100 with 3 warning signs

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


Herbalife Business Description

Other Exchanges HOO:Germany
Address Ugland House, South Church Street, P.O. Box 309GT, Grand Cayman, CYM
Herbalife Ltd is a health and wellness company. It provides health and wellness products in 95 markets through a direct-selling business model. Its product categories include Weight Management, Targeted Nutrition, Energy, Sports and Fitness, Outer Nutrition, and Literature, Promotional, and Other. Weight Management generates the majority of revenue, with products such as meal replacements, protein shakes, drink mixes, weight loss enhancers, and healthy snacks. Products are manufactured at facilities in Changsha and Suzhou, China; Lake Forest, California; and Winston-Salem, North Carolina, as well as by third-party providers. Revenues reflect sales to Members across North America, Latin America, EMEA, Asia Pacific, and China.
65GF Score

Get the complete analysis for HLF

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

$11.89
Price
$10.22
GF Value