Hormel Foods (MEX:HRL) Cyclically Adjusted PS Ratio: 0.79 (As of Sep. 16, 2026) — 64% Below 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.

MEX:HRL Hormel Foods Corp MEX:HRL
48 GF Score
Price MXN361.82
GF Value MXN505.03
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Hormel Foods Cyclically Adjusted PS Ratio?

Hormel Foods MEX:HRL 48 Cyclically Adjusted PS Ratio is 0.79 as of Sep. 16, 2026, which is 64% below its 10-year median of 2.18. GuruFocus rates MEX:HRL with a GF Score™ of 48/100 and a GF Value™ of MXN505.03 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,455 Consumer Packaged Goods companies, Hormel Foods ranks worse than 53.81% on this metric.

As of today (2026-09-16), Hormel Foods's current share price is MXN361.82. Hormel Foods's Cyclically Adjusted Revenue per Share for the quarter that ended in Jul. 2026 was MXN457.82. Hormel Foods's Cyclically Adjusted PS Ratio for today is 0.79.

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

MEX:HRL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.83   Med: 2.18   Max: 2.92
Current: 0.87

During the past years, Hormel Foods's highest Cyclically Adjusted PS Ratio was 2.92. The lowest was 0.83. And the median was 2.18.

MEX:HRL's Cyclically Adjusted PS Ratio is ranked worse than
53.81% of 1455 companies
in the Consumer Packaged Goods industry
Industry Median: 0.77 vs MEX:HRL: 0.87

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.

Hormel Foods's adjusted revenue per share data for the three months ended in Jul. 2026 was MXN93.426. 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 MXN457.82 for the trailing ten years ended in Jul. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hormel Foods  (MEX:HRL) 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.


Hormel Foods Cyclically Adjusted PS Ratio Related Terms


Hormel Foods Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hormel Foods'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.

Hormel Foods Cyclically Adjusted PS Ratio Chart

Hormel Foods Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.46 1.39 0.92

Hormel Foods Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 1.32 0.90 0.92 0.88 0.93

MEX:HRL vs DAR, SJM, JBS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Hormel Foods'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.


Hormel Foods Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:HRL
48GF Score
Hormel Foods Corp MEX:HRL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hormel Foods 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.

Hormel Foods's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=361.82/457.82
=0.79

* 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.

Hormel Foods's Cyclically Adjusted Revenue per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Hormel Foods's adjusted Revenue per Share data for the three months ended in Jul. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=93.426/333.9180*333.9180
=93.426

Current CPI (Jul. 2026) = 333.9180.

Hormel Foods Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201610 91.527 241.729 126.433
201701 87.175 242.839 119.871
201704 79.030 244.524 107.922
201707 74.775 244.786 102.002
201710 84.089 246.663 113.835
201801 81.516 247.867 109.816
201804 79.657 250.546 106.164
201807 85.105 252.006 112.768
201810 87.983 252.885 116.176
201901 85.588 251.712 113.540
201904 82.129 255.548 107.316
201907 80.647 256.571 104.959
201910 89.776 257.346 116.488
202001 83.491 257.971 108.071
202004 96.543 256.389 125.736
202007 98.829 259.101 127.366
202010 95.902 260.388 122.983
202101 90.560 261.582 115.603
202104 97.043 267.054 121.340
202107 104.455 273.003 127.762
202110 127.405 276.589 153.812
202201 115.401 281.148 137.061
202204 114.748 289.109 132.533
202207 111.448 296.276 125.608
202210 119.751 298.012 134.179
202301 104.537 299.170 116.679
202304 99.780 303.363 109.830
202307 93.533 305.691 102.170
202310 101.771 307.671 110.453
202401 94.263 308.417 102.057
202404 88.978 313.548 94.759
202407 93.378 314.540 99.131
202410 111.224 315.664 117.656
202501 110.783 317.671 116.449
202504 106.607 320.795 110.968
202507 104.945 323.048 108.476
202510 107.281 0.000
202601 99.245 325.252 101.889
202604 94.366 333.020 94.620
202607 93.426 333.918 93.426

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 0.79 mean?
Hormel Foods (MEX:HRL) has a Cyclically Adjusted PS Ratio of 0.79 as of Sep. 16, 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 Hormel Foods and its competitors. This is 64% below median its historical median of 2.18. Over the past decade, Hormel Foods' Cyclically Adjusted PS Ratio has ranged from 0.83 to 2.92. According to the industry distribution chart, Hormel Foods ranks #783 out of 1455 companies in the Consumer Packaged Goods industry, placing it in the top 53.8%.
Is Hormel Foods' Cyclically Adjusted PS Ratio too high?
Hormel Foods' current Cyclically Adjusted PS Ratio of 0.79 is 64% below median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 2.92. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. Hormel Foods' value of 0.79 is 2.6% above this industry median. Based on the distribution chart, Hormel Foods ranks #783 out of 1455 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Hormel Foods has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hormel Foods' Cyclically Adjusted PS Ratio compare to DAR and SJM?
According to the Consumer Packaged Goods industry distribution chart, Hormel Foods ranks #783 out of 1455 companies for Cyclically Adjusted PS Ratio. This places Hormel Foods in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. Hormel Foods' value of 0.79 is 2.6% above this benchmark. Historically, Hormel Foods' own Cyclically Adjusted PS Ratio has ranged from 0.83 to 2.92 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 0.77, Hormel Foods 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,455 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. Hormel Foods's current Cyclically Adjusted PS Ratio of 0.79 is 2.6% 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 Hormel Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hormel Foods's current Cyclically Adjusted PS Ratio is 0.79, which is 64% below median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hormel Foods stock overvalued right now?
Based on GuruFocus' analysis, Hormel Foods (MEX:HRL) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN505.03, compared to a current price of MXN361.82 — trading 28.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.79, which is 64% below median its 10-year median of 2.18 and 2.6% above the Consumer Packaged Goods industry median of 0.77. Hormel Foods' overall GF Score™ is 48/100 with 6 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 Hormel Foods (MEX:HRL), the current Cyclically Adjusted PS Ratio is 0.79 as of Sep. 16, 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 Hormel Foods (MEX:HRL) Overvalued in 2026?

Based on GuruFocus' analysis, Hormel Foods stock appears to be undervalued. The current stock price of MXN361.82 is trading 28.4% below its estimated GF Value™ of MXN505.03. GuruFocus considers Hormel Foods to be Modestly Undervalued.

Key valuation signals for MEX:HRL:

  • Cyclically Adjusted PS Ratio: 0.79 (64% below median its 10-year median of 2.18)
  • GF Value™: MXN505.03 vs. price of MXN361.82 (28.4% below fair value)
  • GF Score™: 48/100 with 6 warning signs
  • Industry Position: 2.6% above the Consumer Packaged Goods median (#783 of 1455)

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


Hormel Foods Business Description

Address 1 Hormel Place, Austin, MN, USA, 55912-3680
Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and became a branded food company. The firm sells its wares through multiple channels, including US retail (61.6% of fiscal 2025 sales), US foodservice (32.6%), and international (5.9%). By product, 73% of fiscal 2025 sales were from perishable food and 27% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.
48GF Score

Get the complete analysis for MEX:HRL

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

MXN361.82
Price
MXN505.03
GF Value