JRONY (Jeronimo Martins SGPS) Cyclically Adjusted PS Ratio: 0.38 (As of Jul. 12, 2026) — 42% Below Median


JRONY Jeronimo Martins SGPS SA JRONY
87 GF Score
Price $37.32
GF Value $51.92
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Jeronimo Martins SGPS Cyclically Adjusted PS Ratio?

Jeronimo Martins SGPS JRONY -0.93% 87 Cyclically Adjusted PS Ratio is 0.38 as of Jul. 12, 2026, which is 42% below its 10-year median of 0.66. GuruFocus rates JRONY with a GF Score™ of 87/100 and a GF Value™ of $51.92 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 238 Retail - Defensive companies, Jeronimo Martins SGPS ranks better than 54.62% on this metric.

As of today (2026-07-12), Jeronimo Martins SGPS's current share price is $37.32. Jeronimo Martins SGPS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $98.65. Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio for today is 0.38.

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

JRONY' 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.

JRONY's Cyclically Adjusted PS Ratio is ranked better than
54.62% of 238 companies
in the Retail - Defensive industry
Industry Median: 0.435 vs JRONY: 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 $32.760. 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 $98.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jeronimo Martins SGPS  (OTCPK:JRONY) 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

JRONY 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.


JRONY
87GF Score
Jeronimo Martins SGPS SA JRONY
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
=37.32/98.65
=0.38

* 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)
=32.76/125.9400*125.9400
=32.760

Current CPI (Mar. 2026) = 125.9400.

Jeronimo Martins SGPS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 12.812 101.319 15.925
201609 13.501 101.122 16.814
201612 13.037 100.998 16.257
201703 12.521 101.924 15.471
201706 14.576 102.240 17.955
201709 15.824 102.527 19.437
201712 16.385 102.479 20.136
201803 16.483 102.626 20.228
201806 15.704 103.790 19.055
201809 16.245 103.960 19.680
201812 16.430 103.159 20.058
201903 15.273 103.495 18.585
201906 16.760 104.192 20.258
201909 16.661 103.844 20.206
201912 17.595 103.592 21.391
202003 16.582 103.544 20.169
202006 16.491 104.323 19.908
202009 18.302 103.699 22.227
202012 19.727 103.354 24.038
202103 18.133 104.014 21.955
202106 19.562 104.852 23.496
202109 19.932 105.232 23.854
202112 20.429 106.191 24.228
202203 19.323 109.559 22.212
202206 21.485 114.003 23.735
202209 20.510 114.999 22.461
202212 23.615 116.377 25.555
202303 23.184 117.701 24.807
202306 26.519 117.872 28.334
202309 26.961 119.111 28.507
202312 28.366 118.032 30.266
202403 27.902 120.396 29.187
202406 28.151 121.165 29.260
202409 29.931 121.574 31.006
202412 28.989 121.585 30.027
202503 28.822 122.624 29.601
202506 33.072 124.042 33.578
202509 34.201 124.490 34.599
202512 35.242 124.240 35.724
202603 32.760 125.940 32.760

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 0.38 mean?
Jeronimo Martins SGPS (JRONY) has a Cyclically Adjusted PS Ratio of 0.38 as of Jul. 12, 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 42% 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 #108 out of 238 companies in the Retail - Defensive industry, placing it in the top 45.4%.
Is Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio too high?
Jeronimo Martins SGPS's current Cyclically Adjusted PS Ratio of 0.38 is 42% 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 0.38 is 12.6% below this industry median. Based on the distribution chart, Jeronimo Martins SGPS ranks #108 out of 238 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Jeronimo Martins SGPS has a GF Score™ of 87/100 and is considered Modestly Undervalued, 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 #108 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 0.38 is 12.6% 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 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 0.38 is 12.6% 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 0.38, which is 42% 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?
Based on GuruFocus' analysis, Jeronimo Martins SGPS (JRONY) is currently considered Modestly Undervalued. The stock's GF Value™ is $51.92, compared to a current price of $37.32 — trading 28.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.38, which is 42% below median its 10-year median of 0.66 and 12.6% below the Retail - Defensive industry median of 0.44. Jeronimo Martins SGPS's overall GF Score™ is 87/100 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 (JRONY), the current Cyclically Adjusted PS Ratio is 0.38 as of Jul. 12, 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 (JRONY) Overvalued in 2026?

Based on GuruFocus' analysis, Jeronimo Martins SGPS stock appears to be undervalued. The current stock price of $37.32 is trading 28.1% below its estimated GF Value™ of $51.92. GuruFocus considers Jeronimo Martins SGPS to be Modestly Undervalued.

Key valuation signals for JRONY:

  • Cyclically Adjusted PS Ratio: 0.38 (42% below median its 10-year median of 0.66)
  • GF Value™: $51.92 vs. price of $37.32 (28.1% below fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 12.6% below the Retail - Defensive median (#108 of 238)

No single metric tells the full story. See the JRONY 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.
87GF Score

Get the complete analysis for JRONY

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

$37.32
Price
$51.92
GF Value