Sea (MEX:SEN) Cyclically Adjusted PS Ratio: (As of Aug. 12, 2026)

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:SEN Sea Ltd MEX:SEN
84 GF Score
Price MXN2,230.00
GF Value MXN2,325.13
Valuation Fairly Valued
! 2 Warning Signs
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What is Sea Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sea  (MEX:SEN) 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.


Sea Cyclically Adjusted PS Ratio Related Terms


Sea Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sea'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.

Sea Cyclically Adjusted PS Ratio Chart

Sea 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 7.68

Sea 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 0.00 7.68 4.70 0.00

MEX:SEN vs EBAY, DASH, JD: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, Sea'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.


Sea Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

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

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


MEX:SEN
84GF Score
Sea Ltd MEX:SEN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sea 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.

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

For example, Sea'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)
=214.742/333.9520*333.9520
=214.742

Current CPI (Jun. 2026) = 333.9520.

Sea Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.698 241.428 9.265
201612 6.979 241.432 9.653
201703 6.769 243.801 9.272
201706 5.776 244.955 7.875
201709 5.374 246.819 7.271
201712 7.306 246.524 9.897
201803 8.405 249.554 11.248
201806 10.731 251.989 14.221
201809 11.188 252.439 14.801
201812 16.333 251.233 21.711
201903 18.411 254.202 24.187
201906 18.085 256.143 23.579
201909 26.002 256.759 33.819
201912 31.826 256.974 41.360
202003 36.269 258.115 46.925
202006 41.742 257.797 54.073
202009 55.162 260.280 70.776
202012 62.962 260.474 80.723
202103 70.031 264.877 88.294
202106 84.906 271.696 104.361
202109 100.133 274.310 121.904
202112 119.340 278.802 142.947
202203 103.796 287.504 120.565
202206 105.386 296.311 118.773
202209 112.629 296.808 126.724
202212 120.089 296.797 135.123
202303 91.560 301.836 101.302
202306 88.639 305.109 97.018
202309 104.123 307.789 112.974
202312 105.035 306.746 114.351
202403 108.551 312.332 116.065
202406 110.903 314.175 117.884
202409 133.403 315.301 141.294
202412 169.061 315.605 178.889
202503 156.058 319.799 162.964
202506 155.265 322.561 160.748
202509 172.771 324.800 177.639
202512 193.183 324.054 199.084
202603 201.183 330.213 203.461
202606 214.742 333.952 214.742

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 Sea (MEX:SEN) Overvalued in 2026?

Based on GuruFocus' analysis, Sea stock appears to be undervalued. The current stock price of MXN2,230.00 is trading 4.1% below its estimated GF Value™ of MXN2,325.13. GuruFocus considers Sea to be Fairly Valued.

Key valuation signals for MEX:SEN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN2,325.13 vs. price of MXN2,230.00 (4.1% below fair value)
  • GF Score™: 84/100 with 2 warning signs

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


Sea Business Description

Address 1 Fusionopolis Place, No. 17-10, Galaxis, Singapore, SGP, 138522
Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value. Shopee is a hybrid consumer-to-consumer and business-to-consumer marketplace platform operating in Indonesia, Taiwan, Vietnam, Thailand, Malaysia, the Philippines, and Brazil. For Garena, Free Fire is the key revenue-generating game. Sea's third business, Monee, provides lending, payment, digital banking, and insurance services. As of March 2025, Forrest Li, the founder, chair, and CEO, owned 59.1% of the voting power. Tencent owned 18.5% of issued shares with no voting power.
84GF Score

Get the complete analysis for MEX:SEN

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

MXN2,230.00
Price
MXN2,325.13
GF Value