KKOYY (Kesko Oyj) Cyclically Adjusted PS Ratio: 0.65 (As of Jul. 26, 2026) — 10% Above 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.

KKOYY Kesko Oyj KKOYY
77 GF Score
Price $11.83
GF Value $11.31
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Kesko Oyj Cyclically Adjusted PS Ratio?

Kesko Oyj KKOYY +0.51% 77 Cyclically Adjusted PS Ratio is 0.65 as of Jul. 26, 2026, which is 10% above its 10-year median of 0.59. GuruFocus rates KKOYY with a GF Score™ of 77/100 and a GF Value™ of $11.31 (Fairly Valued). The stock has 8 warning signs investors should review. Among 239 Retail - Defensive companies, Kesko Oyj ranks worse than 61.09% on this metric.

As of today (2026-07-26), Kesko Oyj's current share price is $11.83. Kesko Oyj's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $18.34. Kesko Oyj's Cyclically Adjusted PS Ratio for today is 0.65.

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

KKOYY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.59   Max: 1.28
Current: 0.64

During the past years, Kesko Oyj's highest Cyclically Adjusted PS Ratio was 1.28. The lowest was 0.43. And the median was 0.59.

KKOYY's Cyclically Adjusted PS Ratio is ranked worse than
61.09% of 239 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs KKOYY: 0.64

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.

Kesko Oyj's adjusted revenue per share data for the three months ended in Jun. 2026 was $4.888. 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 $18.34 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kesko Oyj  (OTCPK:KKOYY) 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.


Kesko Oyj Cyclically Adjusted PS Ratio Related Terms


Kesko Oyj Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kesko Oyj'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.

Kesko Oyj Cyclically Adjusted PS Ratio Chart

Kesko Oyj 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 1.01 0.69 0.59 0.58 0.61

Kesko Oyj 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 0.65 0.58 0.61 0.59 0.60

KKOYY vs KR, SFM, ACI: Cyclically Adjusted PS Ratio Comparison

For the Grocery Stores subindustry, Kesko Oyj'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.


Kesko Oyj Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Kesko Oyj's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


KKOYY
77GF Score
Kesko Oyj KKOYY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kesko Oyj 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.

Kesko Oyj's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.83/18.34
=0.65

* 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.

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

For example, Kesko Oyj'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)
=4.888/125.3800*125.3800
=4.888

Current CPI (Jun. 2026) = 125.3800.

Kesko Oyj Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.917 100.540 4.885
201612 3.600 101.020 4.468
201703 3.444 100.910 4.279
201706 3.905 101.140 4.841
201709 3.890 101.320 4.814
201712 3.829 101.510 4.729
201803 3.739 101.730 4.608
201806 3.924 102.320 4.808
201809 3.869 102.600 4.728
201812 3.813 102.710 4.655
201903 3.424 102.870 4.173
201906 3.966 103.360 4.811
201909 3.898 103.540 4.720
201912 3.832 103.650 4.635
202003 3.538 103.490 4.286
202006 3.996 103.320 4.849
202009 3.938 103.710 4.761
202012 4.082 103.890 4.926
202103 3.809 104.870 4.554
202106 4.535 105.360 5.397
202109 4.300 106.290 5.072
202112 4.084 107.490 4.764
202203 3.754 110.950 4.242
202206 4.135 113.570 4.565
202209 3.749 114.920 4.090
202212 3.976 117.320 4.249
202303 3.794 119.750 3.972
202306 4.230 120.690 4.394
202309 3.957 121.280 4.091
202312 3.979 121.540 4.105
202403 3.770 122.360 3.863
202406 4.184 122.230 4.292
202409 4.221 122.260 4.329
202412 4.001 122.390 4.099
202503 3.841 123.010 3.915
202506 4.620 122.530 4.727
202509 4.758 122.880 4.855
202512 4.752 122.670 4.857
202603 4.397 124.670 4.422
202606 4.888 125.380 4.888

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 0.65 mean?
Kesko Oyj (KKOYY) has a Cyclically Adjusted PS Ratio of 0.65 as of Jul. 26, 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 Kesko Oyj and its competitors. This is 10% above median its historical median of 0.59. Over the past decade, Kesko Oyj's Cyclically Adjusted PS Ratio has ranged from 0.43 to 1.28. According to the industry distribution chart, Kesko Oyj ranks #146 out of 239 companies in the Retail - Defensive industry, placing it in the top 61.1%.
Is Kesko Oyj's Cyclically Adjusted PS Ratio too high?
Kesko Oyj's current Cyclically Adjusted PS Ratio of 0.65 is 10% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.28. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.44. Kesko Oyj's value of 0.65 is 47.7% above this industry median. Based on the distribution chart, Kesko Oyj ranks #146 out of 239 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Kesko Oyj has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kesko Oyj's Cyclically Adjusted PS Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Kesko Oyj ranks #146 out of 239 companies for Cyclically Adjusted PS Ratio. This places Kesko Oyj in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.44. Kesko Oyj's value of 0.65 is 47.7% above this benchmark. Historically, Kesko Oyj's own Cyclically Adjusted PS Ratio has ranged from 0.43 to 1.28 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.44, Kesko Oyj 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 239 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. Kesko Oyj's current Cyclically Adjusted PS Ratio of 0.65 is 47.7% 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 Kesko Oyj 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. Kesko Oyj's current Cyclically Adjusted PS Ratio is 0.65, which is 10% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kesko Oyj stock overvalued right now?
Based on GuruFocus' analysis, Kesko Oyj (KKOYY) is currently considered Fairly Valued. The stock's GF Value™ is $11.31, compared to a current price of $11.83 — trading 4.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.65, which is 10% above median its 10-year median of 0.59 and 47.7% above the Retail - Defensive industry median of 0.44. Kesko Oyj's overall GF Score™ is 77/100 with 8 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 Kesko Oyj (KKOYY), the current Cyclically Adjusted PS Ratio is 0.65 as of Jul. 26, 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 Kesko Oyj (KKOYY) Overvalued in 2026?

Based on GuruFocus' analysis, Kesko Oyj stock appears to be overvalued. The current stock price of $11.83 is trading 4.6% above its estimated GF Value™ of $11.31. GuruFocus considers Kesko Oyj to be Fairly Valued.

Key valuation signals for KKOYY:

  • Cyclically Adjusted PS Ratio: 0.65 (10% above median its 10-year median of 0.59)
  • GF Value™: $11.31 vs. price of $11.83 (4.6% above fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 47.7% above the Retail - Defensive median (#146 of 239)

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


Kesko Oyj Business Description

Address Tyopajankatu 12, Helsinki, FIN, 00580
Kesko Oyj is a Finland-based retail conglomerate that operates in three divisions: Grocery, Building and Technical, and Car. The Grocery segment provides the customers with K-food retailers running their locally tailored stores, acting in a chain business model. Chains include K-Citymarket, K-Supermarket, K-Market, and Neste K. The Building and Technical Sector produces construction materials, leisure athletic goods, and infrastructure tools and operates out of Scandinavia and Eastern Europe, both in digital and brick-and-mortar stores. The Car division acts as an importer and leaser for various European car brands, including Volkswagen, SEAT, Audi, and Porsche as well as a seller of used cars online and in-store. The Grocery segment in Finland produces the maximum revenue.
77GF Score

Get the complete analysis for KKOYY

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

$11.83
Price
$11.31
GF Value