Ocado Group (LSE:OCDO) Cyclically Adjusted PS Ratio: 0.67 (As of Jul. 22, 2026) — 76% Below Median

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LSE:OCDO Ocado Group PLC LSE:OCDO
48 GF Score
Price £1.95
GF Value £4.04
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Ocado Group Cyclically Adjusted PS Ratio?

Ocado Group LSE:OCDO +9.76% 48 Cyclically Adjusted PS Ratio is 0.67 as of Jul. 22, 2026, which is 76% below its 10-year median of 2.77. GuruFocus rates LSE:OCDO with a GF Score™ of 48/100 and a GF Value™ of £4.04 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 239 Retail - Defensive companies, Ocado Group ranks worse than 56.49% on this metric.

As of today (2026-07-22), Ocado Group's current share price is £1.945. Ocado Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov25 was £2.89. Ocado Group's Cyclically Adjusted PS Ratio for today is 0.67.

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

LSE:OCDO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.57   Med: 2.77   Max: 14.84
Current: 0.67

During the past 13 years, Ocado Group's highest Cyclically Adjusted PS Ratio was 14.84. The lowest was 0.57. And the median was 2.77.

LSE:OCDO's Cyclically Adjusted PS Ratio is ranked worse than
56.49% of 239 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs LSE:OCDO: 0.67

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.

Ocado Group's adjusted revenue per share data of for the fiscal year that ended in Nov25 was £1.536. 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 £2.89 for the trailing ten years ended in Nov25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ocado Group  (LSE:OCDO) 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.


Ocado Group Cyclically Adjusted PS Ratio Related Terms


Ocado Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ocado Group'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.

Ocado Group Cyclically Adjusted PS Ratio Chart

Ocado Group Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.51 2.25 2.11 1.09 0.64

Ocado Group Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 0.00 1.09 0.00 0.64 0.00

LSE:OCDO vs KR, SFM: Cyclically Adjusted PS Ratio Comparison

For the Grocery Stores subindustry, Ocado Group'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.


Ocado Group Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

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

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


LSE:OCDO
48GF Score
Ocado Group PLC LSE:OCDO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ocado Group 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.

Ocado Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.945/2.89
=0.67

* 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.

Ocado Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov25 is calculated as:

For example, Ocado Group's adjusted Revenue per Share data for the fiscal year that ended in Nov25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Nov25 (Change)*Current CPI (Nov25)
=1.536/139.4000*139.4000
=1.536

Current CPI (Nov25) = 139.4000.

Ocado Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201611 2.072 101.800 2.837
201711 2.426 104.700 3.230
201811 2.439 106.900 3.181
201911 2.525 108.500 3.244
202011 3.248 109.100 4.150
202111 3.378 114.100 4.127
202211 3.256 124.800 3.637
202311 1.374 130.000 1.473
202411 1.481 134.600 1.534
202511 1.536 139.400 1.536

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 0.67 mean?
Ocado Group (LSE:OCDO) has a Cyclically Adjusted PS Ratio of 0.67 as of Jul. 22, 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 Ocado Group and its competitors. This is 76% below median its historical median of 2.77. Over the past decade, Ocado Group's Cyclically Adjusted PS Ratio has ranged from 0.57 to 14.84. According to the industry distribution chart, Ocado Group ranks #135 out of 239 companies in the Retail - Defensive industry, placing it in the top 56.5%.
Is Ocado Group's Cyclically Adjusted PS Ratio too high?
Ocado Group's current Cyclically Adjusted PS Ratio of 0.67 is 76% below median its 10-year median of 2.77. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 14.84. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.44. Ocado Group's value of 0.67 is 52.3% above this industry median. Based on the distribution chart, Ocado Group ranks #135 out of 239 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Ocado Group has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ocado Group's Cyclically Adjusted PS Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Ocado Group ranks #135 out of 239 companies for Cyclically Adjusted PS Ratio. This places Ocado Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.44. Ocado Group's value of 0.67 is 52.3% above this benchmark. Historically, Ocado Group's own Cyclically Adjusted PS Ratio has ranged from 0.57 to 14.84 over the past decade. While the company's 10-year median is 2.77 vs. the industry median of 0.44, Ocado Group 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. Ocado Group's current Cyclically Adjusted PS Ratio of 0.67 is 52.3% 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 Ocado Group 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. Ocado Group's current Cyclically Adjusted PS Ratio is 0.67, which is 76% below median its own 10-year median of 2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocado Group stock overvalued right now?
Based on GuruFocus' analysis, Ocado Group (LSE:OCDO) is currently considered Possible Value Trap. The stock's GF Value™ is £4.04, compared to a current price of £1.95 — trading 51.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.67, which is 76% below median its 10-year median of 2.77 and 52.3% above the Retail - Defensive industry median of 0.44. Ocado Group's overall GF Score™ is 48/100 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 Ocado Group (LSE:OCDO), the current Cyclically Adjusted PS Ratio is 0.67 as of Jul. 22, 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 Ocado Group (LSE:OCDO) Overvalued in 2026?

Based on GuruFocus' analysis, Ocado Group stock appears to be undervalued. The current stock price of £1.95 is trading 51.9% below its estimated GF Value™ of £4.04. GuruFocus considers Ocado Group to be Possible Value Trap.

Key valuation signals for LSE:OCDO:

  • Cyclically Adjusted PS Ratio: 0.67 (76% below median its 10-year median of 2.77)
  • GF Value™: £4.04 vs. price of £1.95 (51.9% below fair value)
  • GF Score™: 48/100 with 5 warning signs
  • Industry Position: 52.3% above the Retail - Defensive median (#135 of 239)

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


Ocado Group Business Description

Address Mosquito Way, Buildings One and Two Trident Place, Hatfield Business Park, Hatfield, Hertfordshire, GBR, AL10 9UL
Founded in 2000, Ocado provides automation and logistics solutions to grocers. Ocado operates in two segments: logistics and solutions. Logistics provides fulfillment and delivery services in the United Kingdom. Solutions is based on the Ocado Smart Platform, a modular, automated online retail fulfillment and delivery solution that provides software, fulfillment hardware, and support services to corporate customers in return for upfront and recurring fees. Partners include leading grocers around the world, like Sobeys, Morrisons, ICA, Groupe Casino, Bon Preu, Kroger, and Coles. Ocado also has a 50% stake in Ocado Retail, a pure-play e-grocery business. The other 50% is owned by Marks & Spencer.
48GF Score

Get the complete analysis for LSE:OCDO

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

£1.95
Price
£4.04
GF Value