Etsy (MEX:ETSY) Cyclically Adjusted PS Ratio: 4.87 (As of Aug. 21, 2026) — Near Median

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MEX:ETSY Etsy Inc MEX:ETSY
71 GF Score
Price MXN1,370.00
GF Value MXN1,057.57
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Etsy Cyclically Adjusted PS Ratio?

Etsy MEX:ETSY 71 Cyclically Adjusted PS Ratio is 4.87 as of Aug. 21, 2026, which is 4% above its 10-year median of 4.67. GuruFocus rates MEX:ETSY with a GF Score™ of 71/100 and a GF Value™ of MXN1,057.57 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 805 Retail - Cyclical companies, Etsy ranks worse than 94.41% on this metric.

As of today (2026-08-21), Etsy's current share price is MXN1370.00. Etsy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN281.21. Etsy's Cyclically Adjusted PS Ratio for today is 4.87.

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

MEX:ETSY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.17   Med: 4.67   Max: 8.76
Current: 5.16

During the past years, Etsy's highest Cyclically Adjusted PS Ratio was 8.76. The lowest was 3.17. And the median was 4.67.

MEX:ETSY's Cyclically Adjusted PS Ratio is ranked worse than
94.41% of 805 companies
in the Retail - Cyclical industry
Industry Median: 0.5 vs MEX:ETSY: 5.16

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.

Etsy's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN97.210. 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 MXN281.21 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Etsy  (MEX:ETSY) 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.


Etsy Cyclically Adjusted PS Ratio Related Terms


Etsy Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Etsy'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.

Etsy Cyclically Adjusted PS Ratio Chart

Etsy 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 8.08 4.33 3.84

Etsy 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 3.74 4.75 3.84 3.30 4.78

MEX:ETSY vs VIPS, CHWY, GLBE: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, Etsy'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.


Etsy Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

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

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


MEX:ETSY
71GF Score
Etsy Inc MEX:ETSY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Etsy 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1370.00/281.21
=4.87

* 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.

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

For example, Etsy'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)
=97.21/333.9520*333.9520
=97.210

Current CPI (Jun. 2026) = 333.9520.

Etsy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 14.883 241.428 20.587
201612 19.705 241.432 27.256
201703 15.769 243.801 21.600
201706 15.226 244.955 20.758
201709 15.667 246.819 21.198
201712 21.405 246.524 28.996
201803 17.466 249.554 23.373
201806 20.719 251.989 27.458
201809 21.789 252.439 28.825
201812 30.482 251.233 40.518
201903 25.222 254.202 33.135
201906 26.593 256.143 34.671
201909 30.955 256.759 40.261
201912 41.243 256.974 53.598
202003 43.433 258.115 56.194
202006 73.628 257.797 95.378
202009 72.504 260.280 93.026
202012 86.161 260.474 110.466
202103 77.779 264.877 98.062
202106 72.676 271.696 89.329
202109 74.266 274.310 90.413
202112 98.646 278.802 118.159
202203 78.633 287.504 91.337
202206 80.804 296.311 91.069
202209 94.641 296.808 106.485
202212 124.747 296.797 140.364
202303 80.801 301.836 89.398
202306 76.458 305.109 83.686
202309 79.801 307.789 86.584
202312 104.028 306.746 113.254
202403 79.212 312.332 84.695
202406 89.153 314.175 94.765
202409 99.757 315.301 105.658
202412 139.352 315.605 147.453
202503 116.960 319.799 122.136
202506 97.487 322.561 100.930
202509 99.537 324.800 102.342
202512 108.630 324.054 111.948
202603 94.057 330.213 95.122
202606 97.210 333.952 97.210

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 4.87 mean?
Etsy (MEX:ETSY) has a Cyclically Adjusted PS Ratio of 4.87 as of Aug. 21, 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 Etsy and its competitors. This is near median its historical median of 4.67. Over the past decade, Etsy's Cyclically Adjusted PS Ratio has ranged from 3.17 to 8.76. According to the industry distribution chart, Etsy ranks #760 out of 805 companies in the Retail - Cyclical industry, placing it in the top 94.4%.
Is Etsy's Cyclically Adjusted PS Ratio too high?
Etsy's current Cyclically Adjusted PS Ratio of 4.87 is near median its 10-year median of 4.67. Over the past 10 years, this metric has ranged from a low of 3.17 to a high of 8.76. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. Etsy's value of 4.87 is 874% above this industry median. Based on the distribution chart, Etsy ranks #760 out of 805 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Etsy has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Etsy's Cyclically Adjusted PS Ratio compare to VIPS and CHWY?
According to the Retail - Cyclical industry distribution chart, Etsy ranks #760 out of 805 companies for Cyclically Adjusted PS Ratio. This places Etsy in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. Etsy's value of 4.87 is 874% above this benchmark. Historically, Etsy's own Cyclically Adjusted PS Ratio has ranged from 3.17 to 8.76 over the past decade. While the company's 10-year median is 4.67 vs. the industry median of 0.50, Etsy 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 - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 805 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. Etsy's current Cyclically Adjusted PS Ratio of 4.87 is 874% 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 Etsy and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Etsy's current Cyclically Adjusted PS Ratio is 4.87, which is near median its own 10-year median of 4.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Etsy stock overvalued right now?
Based on GuruFocus' analysis, Etsy (MEX:ETSY) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN1,057.57, compared to a current price of MXN1,370.00 — trading 29.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.87, which is near median its 10-year median of 4.67 and 874% above the Retail - Cyclical industry median of 0.50. Etsy's overall GF Score™ is 71/100 with 7 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 Etsy (MEX:ETSY), the current Cyclically Adjusted PS Ratio is 4.87 as of Aug. 21, 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 Etsy (MEX:ETSY) Overvalued in 2026?

Based on GuruFocus' analysis, Etsy stock appears to be overvalued. The current stock price of MXN1,370.00 is trading 29.5% above its estimated GF Value™ of MXN1,057.57. GuruFocus considers Etsy to be Modestly Overvalued.

Key valuation signals for MEX:ETSY:

  • Cyclically Adjusted PS Ratio: 4.87 (near median its 10-year median of 4.67)
  • GF Value™: MXN1,057.57 vs. price of MXN1,370.00 (29.5% above fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 874% above the Retail - Cyclical median (#760 of 805)

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


Etsy Business Description

Address 117 Adams Street, Brooklyn, NY, USA, 11201
Founded in 2005, Etsy operates a leading global marketplace, connecting roughly 87 million active buyers and 6 million sellers of unique, handmade, and vintage goods. In fiscal 2025, the firm generated $2.9 billion in revenue and almost $12 billion in gross merchandise sales. The firm monetizes its marketplace primarily through transaction fees and advertising, with core categories spanning homeware, jewelry, apparel, and craft supplies. The US drives 74% of sales, though its core geographic reach extends to the UK, Germany, Canada, and Australia.
71GF Score

Get the complete analysis for MEX:ETSY

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

MXN1,370.00
Price
MXN1,057.57
GF Value