Under Armour (MEX:UAA) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan 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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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:UAA Under Armour Inc MEX:UAA
47 GF Score
Price MXN83.69
GF Value MXN109.26
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Under Armour Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Under Armour  (MEX:UAA) 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.


Under Armour Cyclically Adjusted PS Ratio Related Terms


Under Armour Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Under Armour'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.

Under Armour Cyclically Adjusted PS Ratio Chart

Under Armour Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.02 - - - -

Under Armour Quarterly Data
Jun21 Sep21 Dec21 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 0.47 0.33 0.35 0.39 0.41

MEX:UAA vs FIGS, GIII, COLM: Cyclically Adjusted PS Ratio Comparison

For the Apparel Manufacturing subindustry, Under Armour'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.


Under Armour Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Under Armour's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:UAA
47GF Score
Under Armour Inc MEX:UAA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Under Armour 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.

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

For example, Under Armour'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)
=44.292/333.9520*333.9520
=44.292

Current CPI (Jun. 2026) = 333.9520.

Under Armour Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 40.859 241.018 56.614
201609 61.908 241.428 85.633
201612 57.990 241.432 80.213
201703 51.747 243.801 70.882
201706 45.960 244.955 62.658
201709 55.896 246.819 75.629
201712 58.580 246.524 79.355
201803 50.113 249.554 67.061
201806 51.274 251.989 67.952
201809 60.725 252.439 80.333
201812 60.894 251.233 80.943
201903 50.880 254.202 66.842
201906 50.346 256.143 65.640
201909 60.826 256.759 79.113
201912 61.250 256.974 79.598
202003 41.096 258.115 53.170
202006 36.274 257.797 46.990
202009 69.352 260.280 88.982
202012 63.085 260.474 80.881
202103 55.869 264.877 70.439
202106 58.642 271.696 72.079
202109 65.516 274.310 79.761
202112 66.122 278.802 79.202
202206 57.500 296.311 64.804
202209 68.049 296.808 76.565
202212 67.189 296.797 75.600
202303 57.032 301.836 63.100
202306 51.111 305.109 55.943
202309 58.886 307.789 63.891
202312 58.070 306.746 63.220
202403 50.650 312.332 54.156
202406 46.841 314.175 49.790
202409 60.926 315.301 64.530
202412 64.418 315.605 68.163
202503 56.008 319.799 58.487
202506 51.977 322.561 53.813
202509 58.393 324.800 60.038
202512 57.469 324.054 59.224
202603 48.528 330.213 49.077
202606 44.292 333.952 44.292

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 Under Armour (MEX:UAA) Overvalued in 2026?

Based on GuruFocus' analysis, Under Armour stock appears to be undervalued. The current stock price of MXN83.69 is trading 23.4% below its estimated GF Value™ of MXN109.26. GuruFocus considers Under Armour to be Modestly Undervalued.

Key valuation signals for MEX:UAA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN109.26 vs. price of MXN83.69 (23.4% below fair value)
  • GF Score™: 47/100 with 3 warning signs

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


Under Armour Business Description

Address 101 Performance Drive, Baltimore, MD, USA, 21230
Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and Latin America. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale partners, company-owned digital channels, and approximately 440 company-owned outlet and full-price stores. The Baltimore-based firm was founded in 1996 and is led by controlling shareholder Kevin Plank.
47GF Score

Get the complete analysis for MEX:UAA

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

MXN83.69
Price
MXN109.26
GF Value