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KMX (CarMax) Cyclically Adjusted PS Ratio : 0.42 (As of May. 22, 2025)


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What is CarMax Cyclically Adjusted PS Ratio?

As of today (2025-05-22), CarMax's current share price is $63.22. CarMax's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2025 was $151.82. CarMax's Cyclically Adjusted PS Ratio for today is 0.42.

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

KMX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.09   Max: 1.61
Current: 0.42

During the past years, CarMax's highest Cyclically Adjusted PS Ratio was 1.61. The lowest was 0.42. And the median was 1.09.

KMX's Cyclically Adjusted PS Ratio is ranked better than
65.17% of 956 companies
in the Vehicles & Parts industry
Industry Median: 0.735 vs KMX: 0.42

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.

CarMax's adjusted revenue per share data for the three months ended in Feb. 2025 was $38.797. 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 $151.82 for the trailing ten years ended in Feb. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


CarMax Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CarMax'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.

* Premium members only.

CarMax Cyclically Adjusted PS Ratio Chart

CarMax Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.39 1.02 0.55 0.57 0.55

CarMax Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 0.57 0.49 0.58 0.57 0.55

Competitive Comparison of CarMax's Cyclically Adjusted PS Ratio

For the Auto & Truck Dealerships subindustry, CarMax'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.


CarMax's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CarMax's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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CarMax 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=63.22/151.82
=0.42

* 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.

CarMax's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2025 is calculated as:

For example, CarMax's adjusted Revenue per Share data for the three months ended in Feb. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=38.797/134.6241*134.6241
=38.797

Current CPI (Feb. 2025) = 134.6241.

CarMax Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201505 18.969 100.333 25.452
201508 18.531 100.548 24.811
201511 17.426 100.135 23.428
201602 18.770 100.040 25.259
201605 21.134 101.355 28.071
201608 20.644 101.617 27.350
201611 19.398 101.829 25.645
201702 21.412 102.779 28.046
201705 24.309 103.256 31.694
201708 23.751 103.587 30.867
201711 22.317 104.072 28.868
201802 22.407 105.052 28.715
201805 26.711 106.148 33.877
201808 26.745 106.383 33.845
201811 24.503 106.338 31.021
201902 25.319 106.649 31.960
201905 32.010 108.048 39.883
201908 31.094 108.245 38.672
201911 28.763 108.519 35.682
202002 29.927 109.139 36.915
202005 19.743 108.175 24.570
202008 32.436 109.662 39.819
202011 31.277 109.793 38.351
202102 31.184 110.968 37.832
202105 46.289 113.576 54.867
202108 48.226 115.421 56.250
202111 51.723 117.269 59.378
202202 46.903 119.703 52.750
202205 57.551 123.323 62.825
202208 50.836 124.958 54.769
202211 41.038 125.607 43.984
202302 36.104 126.928 38.293
202305 48.480 128.314 50.864
202308 44.423 129.538 46.167
202311 38.719 129.548 40.236
202402 35.560 130.930 36.563
202405 45.105 132.509 45.825
202408 44.807 132.816 45.417
202411 40.082 133.110 40.538
202502 38.797 134.624 38.797

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.


CarMax  (NYSE:KMX) 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.


CarMax Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of CarMax's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


CarMax Business Description

Traded in Other Exchanges
Address
12800 Tuckahoe Creek Parkway, Richmond, VA, USA, 23238
CarMax sells, finances, and services used and new cars through a chain of around 250 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales were 83% of fiscal 2025 revenue and wholesale about 17%, with the remaining portion composed of extended service plans and repair. In fiscal 2025, the company retailed and wholesaled 789,050 and 544,312 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US but still estimates that it had only about 3.7% US market share of vehicles 0-10 years old in calendar 2024. It seeks over 5% share. CarMax is based in Richmond, Virginia.
Executives
Enrique N Mayor-mora officer: SVP & CFO 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Jill A Livesay officer: VP, Controller & PAO CARMAX, INC., 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Mohammad Shamim officer: SVP and CIO 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
James Lyski officer: SVP & Chief Marketing Officer CARMAX, 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Jon G Daniels officer: SVP, CAF 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
William D Nash officer: EVP, HR & Admin Services 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Charles Joseph Wilson officer: SVP 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Diane L Cafritz officer: SVP & CHRO 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Darren C Newberry officer: SVP 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Ronald E Blaylock director
Edwin J Hill officer: SVP 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Eric M Margolin officer: SVP, Gen. Counsel & Secretary CARMAX, 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Thomas J Folliard officer: Executive Vice President 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Reedy Thomas W Jr officer: SVP & CFO 12800 TUCKHOE CREEK PARKWAY, RICHMOND VA 23238
Mark F Oneil director C/O CARMAX, INC., 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238