Carrefour (MEX:CA) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

MEX:CA Carrefour MEX:CA
61 GF Score
Price MXN310.39
GF Value MXN258.77
Valuation Modestly Overvalued
! 12 Warning Signs
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What is Carrefour Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Carrefour  (MEX:CA) 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.


Carrefour Cyclically Adjusted PS Ratio Related Terms


Carrefour Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Carrefour'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.

Carrefour Cyclically Adjusted PS Ratio Chart

Carrefour 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 0.17 0.14 0.13 0.12 0.11

Carrefour Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.12 0.12 0.12 0.11 0.12

MEX:CA vs KR, SFM, ACI: Cyclically Adjusted PS Ratio Comparison

For the Grocery Stores subindustry, Carrefour'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.


Carrefour Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

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

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


MEX:CA
61GF Score
Carrefour MEX:CA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Carrefour 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.

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

For example, Carrefour'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)
=2654.994/120.8900*120.8900
=2,654.994

Current CPI (Dec25) = 120.8900.

Carrefour Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 2,203.138 100.650 2,646.173
201712 2,269.196 101.850 2,693.403
201812 2,171.697 103.470 2,537.320
201912 2,018.330 104.980 2,324.213
202012 2,189.827 104.960 2,522.182
202112 2,174.558 107.850 2,437.481
202212 2,353.599 114.160 2,492.349
202312 2,264.268 118.390 2,312.082
202412 2,456.864 119.950 2,476.117
202512 2,654.994 120.890 2,654.994

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.

Is Carrefour (MEX:CA) Overvalued in 2026?

Based on GuruFocus' analysis, Carrefour stock appears to be overvalued. The current stock price of MXN310.39 is trading 19.9% above its estimated GF Value™ of MXN258.77. GuruFocus considers Carrefour to be Modestly Overvalued.

Key valuation signals for MEX:CA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN258.77 vs. price of MXN310.39 (19.9% above fair value)
  • GF Score™: 61/100 with 12 warning signs

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


Carrefour Business Description

Address 93, Avenue de Paris, Massy Cedex, Paris, FRA, 91300
Founded in 1959, Carrefour is a multiformat retailer with operations in over 40 countries. Approximately 75% of sales stem from Europe and the rest from Latin America. In France, where Carrefour generates nearly 50% of its total revenue, the firm has a grocery market share of 22%, behind market leader E.Leclerc (24%), according to Kantar. Carrefour operates over 15,000 stores in hypermarket, supermarket, convenience store, and discount store formats. In 2024, Carrefour completed the acquisition of the Cora and Match banners from Louis Delhaize group for an enterprise value of EUR 1.05 billion.
61GF Score

Get the complete analysis for MEX:CA

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

MXN310.39
Price
MXN258.77
GF Value