Meta Platforms (MIC:META-RM) Cyclically Adjusted PS Ratio: (As of Aug. 01, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Meta Platforms Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meta Platforms  (MIC:META-RM) 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.


Meta Platforms Cyclically Adjusted PS Ratio Related Terms


Meta Platforms Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Meta Platforms'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.

Meta Platforms Cyclically Adjusted PS Ratio Chart

Meta Platforms 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 20.02 5.48 12.90 17.25 15.78

Meta Platforms 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 19.51 18.42 15.78 12.84 11.95

MIC:META-RM vs SPOT, NBIS, BIDU: Cyclically Adjusted PS Ratio Comparison

For the Internet Content & Information subindustry, Meta Platforms'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.


Meta Platforms Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Meta Platforms's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Meta Platforms 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.

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

For example, Meta Platforms'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)
=22.411/333.9520*333.9520
=22.411

Current CPI (Jun. 2026) = 333.9520.

Meta Platforms Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.392 241.428 3.309
201612 2.990 241.432 4.136
201703 2.728 243.801 3.737
201706 3.159 244.955 4.307
201709 3.494 246.819 4.727
201712 4.379 246.524 5.932
201803 4.063 249.554 5.437
201806 4.516 251.989 5.985
201809 4.712 252.439 6.234
201812 5.851 251.233 7.777
201903 5.255 254.202 6.904
201906 5.873 256.143 7.657
201909 6.142 256.759 7.989
201912 7.323 256.974 9.517
202003 6.184 258.115 8.001
202006 6.491 257.797 8.408
202009 7.426 260.280 9.528
202012 9.670 260.474 12.398
202103 9.081 264.877 11.449
202106 10.107 271.696 12.423
202109 10.147 274.310 12.353
202112 11.991 278.802 14.363
202203 10.178 287.504 11.822
202206 10.624 296.311 11.974
202209 10.215 296.808 11.493
202212 11.856 296.797 13.340
202303 10.558 301.836 11.681
202306 11.795 305.109 12.910
202309 12.586 307.789 13.656
202312 14.785 306.746 16.096
202403 13.437 312.332 14.367
202406 14.401 314.175 15.308
202409 14.961 315.301 15.846
202412 17.835 315.605 18.872
202503 15.597 319.799 16.287
202506 17.514 322.561 18.132
202509 18.888 324.800 19.420
202512 22.076 324.054 22.750
202603 20.756 330.213 20.991
202606 22.411 333.952 22.411

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.


Meta Platforms Business Description

Address 1 Meta Way, Menlo Park, CA, USA, 94025
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.