JRONF (Jeronimo Martins SGPS) Cyclically Adjusted PS Ratio: 0.49 (As of Jul. 16, 2026) — 26% Below Median

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JRONF Jeronimo Martins SGPS SA JRONF
93 GF Score
Price $23.70
GF Value $32.97
! 5 Warning Signs
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What is Jeronimo Martins SGPS Cyclically Adjusted PS Ratio?

Jeronimo Martins SGPS JRONF 93 Cyclically Adjusted PS Ratio is 0.49 as of Jul. 16, 2026, which is 26% below its 10-year median of 0.66. GuruFocus rates JRONF with a GF Score™ of 93/100 and a GF Value™ of $32.97. The stock has 5 warning signs investors should review. Among 238 Retail - Defensive companies, Jeronimo Martins SGPS ranks better than 55.46% on this metric.

As of today (2026-07-16), Jeronimo Martins SGPS's current share price is $23.70. Jeronimo Martins SGPS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $48.74. Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio for today is 0.49.

The historical rank and industry rank for Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio or its related term are showing as below:

JRONF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.66   Max: 0.93
Current: 0.39

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.

JRONF's Cyclically Adjusted PS Ratio is ranked better than
55.46% of 238 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs JRONF: 0.39

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 $16.380. 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 $48.74 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jeronimo Martins SGPS  (OTCPK:JRONF) 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

Jeronimo Martins SGPS 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 0.78 0.66 0.69 0.49 0.49

Jeronimo Martins SGPS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.51 0.54 0.51 0.49 0.48

JRONF 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.


JRONF
93GF Score
Jeronimo Martins SGPS SA JRONF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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.

Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.70/48.74
=0.49

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

For example, Jeronimo Martins SGPS's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=16.38/125.9400*125.9400
=16.380

Current CPI (Mar. 2026) = 125.9400.

Jeronimo Martins SGPS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.406 101.319 7.963
201609 6.750 101.122 8.407
201612 6.519 100.998 8.129
201703 6.261 101.924 7.736
201706 7.288 102.240 8.977
201709 7.912 102.527 9.719
201712 8.193 102.479 10.069
201803 8.241 102.626 10.113
201806 7.852 103.790 9.528
201809 8.122 103.960 9.839
201812 8.215 103.159 10.029
201903 7.636 103.495 9.292
201906 8.380 104.192 10.129
201909 8.330 103.844 10.102
201912 8.797 103.592 10.695
202003 8.291 103.544 10.084
202006 8.245 104.323 9.953
202009 9.151 103.699 11.114
202012 9.864 103.354 12.020
202103 9.066 104.014 10.977
202106 9.781 104.852 11.748
202109 9.966 105.232 11.927
202112 10.214 106.191 12.114
202203 9.661 109.559 11.105
202206 10.743 114.003 11.868
202209 10.255 114.999 11.231
202212 11.808 116.377 12.778
202303 11.592 117.701 12.403
202306 13.259 117.872 14.167
202309 13.481 119.111 14.254
202312 14.183 118.032 15.133
202403 13.951 120.396 14.593
202406 14.076 121.165 14.631
202409 14.965 121.574 15.502
202412 14.495 121.585 15.014
202503 14.411 122.624 14.801
202506 16.536 124.042 16.789
202509 17.100 124.490 17.299
202512 17.621 124.240 17.862
202603 16.380 125.940 16.380

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 0.49 mean?
Jeronimo Martins SGPS (JRONF) has a Cyclically Adjusted PS Ratio of 0.49 as of Jul. 16, 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 26% 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 #106 out of 238 companies in the Retail - Defensive industry, placing it in the top 44.5%.
Is Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio too high?
Jeronimo Martins SGPS's current Cyclically Adjusted PS Ratio of 0.49 is 26% 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 0.49 is 11.4% above this industry median. Based on the distribution chart, Jeronimo Martins SGPS ranks #106 out of 238 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Jeronimo Martins SGPS has a GF Score™ of 93/100, 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 #106 out of 238 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 0.49 is 11.4% above 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 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 Retail - Defensive company?
The median Cyclically Adjusted PS Ratio among Retail - Defensive companies is 0.44, based on 238 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 0.49 is 11.4% 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 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 0.49, which is 26% 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 (JRONF) has a current Cyclically Adjusted PS Ratio of 0.49. The stock's GF Value™ is $32.97, compared to a current price of $23.70 — trading 28.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.49, which is 26% below median its 10-year median of 0.66 and 11.4% above the Retail - Defensive industry median of 0.44. Jeronimo Martins SGPS's overall GF Score™ is 93/100 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 (JRONF), the current Cyclically Adjusted PS Ratio is 0.49 as of Jul. 16, 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 (JRONF) Overvalued in 2026?

Based on GuruFocus' analysis, Jeronimo Martins SGPS stock appears to be undervalued. The current stock price of $23.70 is trading 28.1% below its estimated GF Value™ of $32.97.

Key valuation signals for JRONF:

  • Cyclically Adjusted PS Ratio: 0.49 (26% below median its 10-year median of 0.66)
  • GF Value™: $32.97 vs. price of $23.70 (28.1% below fair value)
  • GF Score™: 93/100 with 5 warning signs
  • Industry Position: 11.4% above the Retail - Defensive median (#106 of 238)

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


Jeronimo Martins SGPS Business Description

Address Rua Actor Antonio Silva, No. 7, Lisboa, PRT, 1649-033
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.
93GF Score

Get the complete analysis for JRONF

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

$23.70
Price
$32.97
GF Value