Mondi (JSE:MNP) Cyclically Adjusted PS Ratio: 0.43 (As of Jul. 18, 2026) — 68% Below Median

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.

JSE:MNP Mondi PLC JSE:MNP
60 GF Score
Price R168.18
GF Value R292.86
Valuation Significantly Undervalued
! 9 Warning Signs
View Full Analysis

What is Mondi Cyclically Adjusted PS Ratio?

Mondi JSE:MNP +3.62% 60 Cyclically Adjusted PS Ratio is 0.43 as of Jul. 18, 2026, which is 68% below its 10-year median of 1.33. GuruFocus rates JSE:MNP with a GF Score™ of 60/100 and a GF Value™ of R292.86 (Significantly Undervalued). The stock has 9 warning signs investors should review. Among 247 Forest Products companies, Mondi ranks better than 55.06% on this metric.

As of today (2026-07-18), Mondi's current share price is R168.18. Mondi's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was R387.38. Mondi's Cyclically Adjusted PS Ratio for today is 0.43.

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

JSE:MNP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 1.33   Max: 1.95
Current: 0.41

During the past 13 years, Mondi's highest Cyclically Adjusted PS Ratio was 1.95. The lowest was 0.41. And the median was 1.33.

JSE:MNP's Cyclically Adjusted PS Ratio is ranked better than
55.06% of 247 companies
in the Forest Products industry
Industry Median: 0.45 vs JSE:MNP: 0.41

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.

Mondi's adjusted revenue per share data of for the fiscal year that ended in Dec25 was R342.652. 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 R387.38 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mondi  (JSE:MNP) 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.


Mondi Cyclically Adjusted PS Ratio Related Terms


Mondi Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mondi'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.

Mondi Cyclically Adjusted PS Ratio Chart

Mondi 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 1.42 0.98 1.04 0.71 0.53

Mondi Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.04 0.00 0.71 0.00 0.53

JSE:MNP vs SLVM: Cyclically Adjusted PS Ratio Comparison

For the Paper & Paper Products subindustry, Mondi'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.


Mondi Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mondi's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


JSE:MNP
60GF Score
Mondi PLC JSE:MNP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mondi 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.

Mondi's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=168.18/387.38
=0.43

* 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.

Mondi's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Mondi's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=342.652/139.9000*139.9000
=342.652

Current CPI (Dec25) = 139.9000.

Mondi Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 220.779 102.200 302.221
201712 249.555 105.000 332.502
201812 275.436 107.100 359.790
201912 264.008 108.500 340.412
202012 273.649 109.400 349.941
202112 283.850 114.700 346.213
202212 369.429 125.300 412.475
202312 337.734 130.500 362.061
202412 318.560 135.100 329.878
202512 342.652 139.900 342.652

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 0.43 mean?
Mondi (JSE:MNP) has a Cyclically Adjusted PS Ratio of 0.43 as of Jul. 18, 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 Mondi and its competitors. This is 68% below median its historical median of 1.33. Over the past decade, Mondi's Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.95. According to the industry distribution chart, Mondi ranks #111 out of 247 companies in the Forest Products industry, placing it in the top 44.9%.
Is Mondi's Cyclically Adjusted PS Ratio too high?
Mondi's current Cyclically Adjusted PS Ratio of 0.43 is 68% below median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.95. The Forest Products industry median Cyclically Adjusted PS Ratio is 0.45. Mondi's value of 0.43 is 4.4% below this industry median. Based on the distribution chart, Mondi ranks #111 out of 247 companies in the Forest Products industry, which is above the industry midpoint. Overall, Mondi has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mondi's Cyclically Adjusted PS Ratio compare to SLVM?
According to the Forest Products industry distribution chart, Mondi ranks #111 out of 247 companies for Cyclically Adjusted PS Ratio. This puts Mondi in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Mondi's value of 0.43 is 4.4% below this benchmark. Historically, Mondi's own Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.95 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 0.45, Mondi 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 Forest Products company?
The median Cyclically Adjusted PS Ratio among Forest Products companies is 0.45, based on 247 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. Mondi's current Cyclically Adjusted PS Ratio of 0.43 is 4.4% 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 Mondi and its competitors. For the Forest Products industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mondi's current Cyclically Adjusted PS Ratio is 0.43, which is 68% below median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mondi stock overvalued right now?
Based on GuruFocus' analysis, Mondi (JSE:MNP) is currently considered Significantly Undervalued. The stock's GF Value™ is R292.86, compared to a current price of R168.18 — trading 42.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.43, which is 68% below median its 10-year median of 1.33 and 4.4% below the Forest Products industry median of 0.45. Mondi's overall GF Score™ is 60/100 with 9 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 Mondi (JSE:MNP), the current Cyclically Adjusted PS Ratio is 0.43 as of Jul. 18, 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 Mondi (JSE:MNP) Overvalued in 2026?

Based on GuruFocus' analysis, Mondi stock appears to be undervalued. The current stock price of R168.18 is trading 42.6% below its estimated GF Value™ of R292.86. GuruFocus considers Mondi to be Significantly Undervalued.

Key valuation signals for JSE:MNP:

  • Cyclically Adjusted PS Ratio: 0.43 (68% below median its 10-year median of 1.33)
  • GF Value™: R292.86 vs. price of R168.18 (42.6% below fair value)
  • GF Score™: 60/100 with 9 warning signs
  • Industry Position: 4.4% below the Forest Products median (#111 of 247)

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


Mondi Business Description

Address The Heights, Brooklands, Ground Floor, Building 5, Weybridge, Surrey, GBR, KT13 0NY
Mondi PLC makes and sells packaging and paper products. The company's operating segments include Corrugated Packaging; Flexible Packaging and Uncoated Fine Paper. It generates maximum revenue from the Flexible Packaging segment. Flexible Packaging segment includes Kraft paper; Paper bags; Consumer flexibles; Functional paper and films and Pulp. The majority of revenue comes from Europe.
60GF Score

Get the complete analysis for JSE:MNP

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

R168.18
Price
R292.86
GF Value