Carvana Co (LTS:0A79) Cyclically Adjusted PS Ratio: 3.03 (As of Aug. 04, 2026) — Near 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.

LTS:0A79 Carvana Co LTS:0A79
66 GF Score
Price $68.28
GF Value $78.29
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Carvana Co Cyclically Adjusted PS Ratio?

Carvana Co LTS:0A79 +5.94% 66 Cyclically Adjusted PS Ratio is 3.03 as of Aug. 04, 2026, which is 6% below its 10-year median of 3.22. GuruFocus rates LTS:0A79 with a GF Score™ of 66/100 and a GF Value™ of $78.29 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,043 Vehicles & Parts companies, Carvana Co ranks worse than 83.51% on this metric.

As of today (2026-08-04), Carvana Co's current share price is $68.2805. Carvana Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $22.52. Carvana Co's Cyclically Adjusted PS Ratio for today is 3.03.

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

LTS:0A79' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.64   Med: 3.22   Max: 4.58
Current: 2.89

During the past years, Carvana Co's highest Cyclically Adjusted PS Ratio was 4.58. The lowest was 2.64. And the median was 3.22.

LTS:0A79's Cyclically Adjusted PS Ratio is ranked worse than
83.51% of 1043 companies
in the Vehicles & Parts industry
Industry Median: 0.72 vs LTS:0A79: 2.89

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.

Carvana Co's adjusted revenue per share data for the three months ended in Jun. 2026 was $9.968. 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 $22.52 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carvana Co  (LTS:0A79) 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.


Carvana Co Cyclically Adjusted PS Ratio Related Terms


Carvana Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Carvana Co'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.

Carvana Co Cyclically Adjusted PS Ratio Chart

Carvana Co 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 0.00 0.00 0.00 0.00 4.08

Carvana Co 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 0.00 3.69 4.08 2.89 2.88

LTS:0A79 vs PAG, KMX, ALTB: Cyclically Adjusted PS Ratio Comparison

For the Auto & Truck Dealerships subindustry, Carvana Co'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.


Carvana Co Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

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

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


LTS:0A79
66GF Score
Carvana Co LTS:0A79
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carvana Co 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.

Carvana Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=68.2805/22.52
=3.03

* 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.

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

For example, Carvana Co'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)
=9.968/333.9520*333.9520
=9.968

Current CPI (Jun. 2026) = 333.9520.

Carvana Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.318 241.428 1.823
201612 1.424 241.432 1.970
201703 2.121 243.801 2.905
201706 2.787 244.955 3.800
201709 2.996 246.819 4.054
201712 3.336 246.524 4.519
201803 3.929 249.554 5.258
201806 3.422 251.989 4.535
201809 3.087 252.439 4.084
201812 2.969 251.233 3.947
201903 3.653 254.202 4.799
201906 4.284 256.143 5.585
201909 4.398 256.759 5.720
201912 4.396 256.974 5.713
202003 4.357 258.115 5.637
202006 3.371 257.797 4.367
202009 4.411 260.280 5.660
202012 4.992 260.474 6.400
202103 5.749 264.877 7.248
202106 3.791 271.696 4.660
202109 8.210 274.310 9.995
202112 8.634 278.802 10.342
202203 7.763 287.504 9.017
202206 7.657 296.311 8.630
202209 6.397 296.808 7.198
202212 5.357 296.797 6.028
202303 4.916 301.836 5.439
202306 5.588 305.109 6.116
202309 2.693 307.789 2.922
202312 2.298 306.746 2.502
202403 2.884 312.332 3.084
202406 5.309 314.175 5.643
202409 5.473 315.301 5.797
202412 5.029 315.605 5.321
202503 5.936 319.799 6.199
202506 6.758 322.561 6.997
202509 7.721 324.800 7.939
202512 7.879 324.054 8.120
202603 8.687 330.213 8.785
202606 9.968 333.952 9.968

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 3.03 mean?
Carvana Co (LTS:0A79) has a Cyclically Adjusted PS Ratio of 3.03 as of Aug. 04, 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 Carvana Co and its competitors. This is near median its historical median of 3.22. Over the past decade, Carvana Co's Cyclically Adjusted PS Ratio has ranged from 2.64 to 4.58. According to the industry distribution chart, Carvana Co ranks #871 out of 1043 companies in the Vehicles & Parts industry, placing it in the top 83.5%.
Is Carvana Co's Cyclically Adjusted PS Ratio too high?
Carvana Co's current Cyclically Adjusted PS Ratio of 3.03 is near median its 10-year median of 3.22. Over the past 10 years, this metric has ranged from a low of 2.64 to a high of 4.58. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.72. Carvana Co's value of 3.03 is 320.8% above this industry median. Based on the distribution chart, Carvana Co ranks #871 out of 1043 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Carvana Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carvana Co's Cyclically Adjusted PS Ratio compare to PAG and KMX?
According to the Vehicles & Parts industry distribution chart, Carvana Co ranks #871 out of 1043 companies for Cyclically Adjusted PS Ratio. This places Carvana Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.72. Carvana Co's value of 3.03 is 320.8% above this benchmark. Historically, Carvana Co's own Cyclically Adjusted PS Ratio has ranged from 2.64 to 4.58 over the past decade. While the company's 10-year median is 3.22 vs. the industry median of 0.72, Carvana Co 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.72, based on 1,043 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. Carvana Co's current Cyclically Adjusted PS Ratio of 3.03 is 320.8% 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 Carvana Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carvana Co's current Cyclically Adjusted PS Ratio is 3.03, which is near median its own 10-year median of 3.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carvana Co stock overvalued right now?
Based on GuruFocus' analysis, Carvana Co (LTS:0A79) is currently considered Modestly Undervalued. The stock's GF Value™ is $78.29, compared to a current price of $68.28 — trading 12.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.03, which is near median its 10-year median of 3.22 and 320.8% above the Vehicles & Parts industry median of 0.72. Carvana Co's overall GF Score™ is 66/100 with 3 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 Carvana Co (LTS:0A79), the current Cyclically Adjusted PS Ratio is 3.03 as of Aug. 04, 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 Carvana Co (LTS:0A79) Overvalued in 2026?

Based on GuruFocus' analysis, Carvana Co stock appears to be undervalued. The current stock price of $68.28 is trading 12.8% below its estimated GF Value™ of $78.29. GuruFocus considers Carvana Co to be Modestly Undervalued.

Key valuation signals for LTS:0A79:

  • Cyclically Adjusted PS Ratio: 3.03 (near median its 10-year median of 3.22)
  • GF Value™: $78.29 vs. price of $68.28 (12.8% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 320.8% above the Vehicles & Parts median (#871 of 1043)

No single metric tells the full story. See the LTS:0A79 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carvana Co Business Description

Address 300 E. Rio Salado Parkway, Tempe, AZ, USA, 85281
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
66GF Score

Get the complete analysis for LTS:0A79

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

$68.28
Price
$78.29
GF Value