Valero Energy (MEX:VLO) Cyclically Adjusted PS Ratio: 0.97 (As of Sep. 16, 2026) — 149% Above Median

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MEX:VLO Valero Energy Corp MEX:VLO
53 GF Score
Price MXN6,859.12
GF Value MXN3,017.97
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Valero Energy Cyclically Adjusted PS Ratio?

Valero Energy MEX:VLO +4.83% 53 Cyclically Adjusted PS Ratio is 0.97 as of Sep. 16, 2026, which is 149% above its 10-year median of 0.39. GuruFocus rates MEX:VLO with a GF Score™ of 53/100 and a GF Value™ of MXN3,017.97 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 713 Oil & Gas companies, Valero Energy ranks better than 50.63% on this metric.

As of today (2026-09-16), Valero Energy's current share price is MXN6859.12. Valero Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN7,107.26. Valero Energy's Cyclically Adjusted PS Ratio for today is 0.97.

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

MEX:VLO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.39   Max: 1.05
Current: 1.05

During the past years, Valero Energy's highest Cyclically Adjusted PS Ratio was 1.05. The lowest was 0.16. And the median was 0.39.

MEX:VLO's Cyclically Adjusted PS Ratio is ranked better than
50.63% of 713 companies
in the Oil & Gas industry
Industry Median: 1.07 vs MEX:VLO: 1.05

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.

Valero Energy's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN2,635.431. 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 MXN7,107.26 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Valero Energy  (MEX:VLO) 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.


Valero Energy Cyclically Adjusted PS Ratio Related Terms


Valero Energy Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Valero Energy'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.

Valero Energy Cyclically Adjusted PS Ratio Chart

Valero Energy 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 0.35 0.48 0.40 0.39 0.44

Valero Energy 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 0.40 0.47 0.44 0.67 0.66

MEX:VLO vs MPC, PSX, DINO: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Valero Energy'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.


Valero Energy Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Valero Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:VLO
53GF Score
Valero Energy Corp MEX:VLO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Valero Energy 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.

Valero Energy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6859.12/7107.259
=0.97

* 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.

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

For example, Valero Energy'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)
=2635.431/333.9520*333.9520
=2,635.431

Current CPI (Jun. 2026) = 333.9520.

Valero Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 801.191 241.428 1,108.237
201612 907.182 241.432 1,254.826
201703 980.091 243.801 1,342.502
201706 925.593 244.955 1,261.879
201709 952.784 246.819 1,289.140
201712 1,144.839 246.524 1,550.848
201803 1,146.348 249.554 1,534.038
201806 1,396.362 251.989 1,850.549
201809 1,371.301 252.439 1,814.097
201812 1,349.598 251.233 1,793.956
201903 1,114.591 254.202 1,464.268
201906 1,326.867 256.143 1,729.932
201909 1,282.085 256.759 1,667.536
201912 1,309.110 256.974 1,701.261
202003 1,085.007 258.115 1,403.794
202006 594.310 257.797 769.873
202009 858.975 260.280 1,102.107
202012 838.857 260.474 1,075.493
202103 1,041.451 264.877 1,313.042
202106 1,365.011 271.696 1,677.788
202109 1,449.750 274.310 1,764.963
202112 1,826.320 278.802 2,187.586
202203 1,943.246 287.504 2,257.189
202206 2,572.129 296.311 2,898.872
202209 2,307.288 296.808 2,596.033
202212 2,157.378 296.797 2,427.453
202303 1,840.822 301.836 2,036.689
202306 1,702.741 305.109 1,863.707
202309 1,883.797 307.789 2,043.925
202312 1,840.915 306.746 2,004.190
202403 1,629.414 312.332 1,742.204
202406 1,834.042 314.175 1,949.493
202409 1,955.603 315.301 2,071.283
202412 1,954.113 315.605 2,067.711
202503 1,967.217 319.799 2,054.278
202506 1,870.362 322.561 1,936.412
202509 1,941.261 324.800 1,995.961
202512 1,834.668 324.054 1,890.707
202603 1,921.580 330.213 1,943.338
202606 2,635.431 333.952 2,635.431

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 0.97 mean?
Valero Energy (MEX:VLO) has a Cyclically Adjusted PS Ratio of 0.97 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 Valero Energy and its competitors. This is 149% above median its historical median of 0.39. Over the past decade, Valero Energy's Cyclically Adjusted PS Ratio has ranged from 0.16 to 1.05. According to the industry distribution chart, Valero Energy ranks #352 out of 713 companies in the Oil & Gas industry, placing it in the top 49.4%.
Is Valero Energy's Cyclically Adjusted PS Ratio too high?
Valero Energy's current Cyclically Adjusted PS Ratio of 0.97 is 149% above median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.05. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.07. Valero Energy's value of 0.97 is 9.3% below this industry median. Based on the distribution chart, Valero Energy ranks #352 out of 713 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Valero Energy has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Valero Energy's Cyclically Adjusted PS Ratio compare to MPC and PSX?
According to the Oil & Gas industry distribution chart, Valero Energy ranks #352 out of 713 companies for Cyclically Adjusted PS Ratio. This puts Valero Energy in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.07. Valero Energy's value of 0.97 is 9.3% below this benchmark. Historically, Valero Energy's own Cyclically Adjusted PS Ratio has ranged from 0.16 to 1.05 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 1.07, Valero Energy has consistently been below 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.07, based on 713 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. Valero Energy's current Cyclically Adjusted PS Ratio of 0.97 is 9.3% below 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 Valero Energy and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Valero Energy's current Cyclically Adjusted PS Ratio is 0.97, which is 149% above median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Valero Energy stock overvalued right now?
Based on GuruFocus' analysis, Valero Energy (MEX:VLO) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN3,017.97, compared to a current price of MXN6,859.12 — trading 127.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.97, which is 149% above median its 10-year median of 0.39 and 9.3% below the Oil & Gas industry median of 1.07. Valero Energy's overall GF Score™ is 53/100 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 Valero Energy (MEX:VLO), the current Cyclically Adjusted PS Ratio is 0.97 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 Valero Energy (MEX:VLO) Overvalued in 2026?

Based on GuruFocus' analysis, Valero Energy stock appears to be overvalued. The current stock price of MXN6,859.12 is trading 127.3% above its estimated GF Value™ of MXN3,017.97. GuruFocus considers Valero Energy to be Significantly Overvalued.

Key valuation signals for MEX:VLO:

  • Cyclically Adjusted PS Ratio: 0.97 (149% above median its 10-year median of 0.39)
  • GF Value™: MXN3,017.97 vs. price of MXN6,859.12 (127.3% above fair value)
  • GF Score™: 53/100 with 6 warning signs
  • Industry Position: 9.3% below the Oil & Gas median (#352 of 713)

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


Valero Energy Business Description

Industry EnergyOil & Gas
Address One Valero Way, San Antonio, TX, USA, 78249
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries, with a total throughput capacity of 3.2 million barrels a day in the US, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which can produce 1.2 billion gallons per year of renewable diesel.
53GF Score

Get the complete analysis for MEX:VLO

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

MXN6,859.12
Price
MXN3,017.97
GF Value