XPO (MIC:XPO-RM) Cyclically Adjusted PS Ratio: (As of Aug. 09, 2026)

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


XPO  (MIC:XPO-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.


XPO Cyclically Adjusted PS Ratio Related Terms


XPO Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for XPO'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.

XPO Cyclically Adjusted PS Ratio Chart

XPO 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 0.52 0.34 0.83 1.20 1.25

XPO 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 1.13 1.16 1.25 1.81 1.92

MIC:XPO-RM vs KNX, SAIA, SNDR: Cyclically Adjusted PS Ratio Comparison

For the Trucking subindustry, XPO'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.


XPO Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, XPO's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



XPO 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.

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

For example, XPO'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)
=1536.618/333.9520*333.9520
=1,536.618

Current CPI (Jun. 2026) = 333.9520.

XPO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1,906.156 241.428 2,636.664
201612 1,650.496 241.432 2,282.988
201703 1,592.897 243.801 2,181.907
201706 1,791.796 244.955 2,442.791
201709 1,733.617 246.819 2,345.625
201712 1,809.968 246.524 2,451.860
201803 1,804.584 249.554 2,414.886
201806 2,045.853 251.989 2,711.296
201809 2,073.712 252.439 2,743.317
201812 2,260.212 251.233 3,004.392
201903 2,285.674 254.202 3,002.751
201906 2,619.973 256.143 3,415.847
201909 2,568.044 256.759 3,340.110
201912 -1,101.642 256.974 -1,431.645
202003 2,985.754 258.115 3,863.001
202006 2,692.807 257.797 3,488.281
202009 2,070.899 260.280 2,657.065
202012 -857.395 260.474 -1,099.260
202103 2,025.688 264.877 2,553.950
202106 2,072.422 271.696 2,547.294
202109 2,059.872 274.310 2,507.741
202112 -1,442.054 278.802 -1,727.308
202203 1,713.964 287.504 1,990.865
202206 1,111.662 296.311 1,252.879
202209 1,011.534 296.808 1,138.122
202212 966.010 296.797 1,086.941
202303 1,236.943 301.836 1,368.556
202306 1,318.490 305.109 1,443.131
202309 1,604.382 307.789 1,740.759
202312 1,483.442 306.746 1,615.012
202403 1,538.742 312.332 1,645.256
202406 1,566.180 314.175 1,664.769
202409 1,550.443 315.301 1,642.156
202412 1,722.513 315.605 1,822.647
202503 1,345.325 319.799 1,404.864
202506 1,358.600 322.561 1,406.578
202509 1,461.330 324.800 1,502.506
202512 1,354.804 324.054 1,396.186
202603 1,431.779 330.213 1,447.991
202606 1,536.618 333.952 1,536.618

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.


XPO Business Description

Address Five American Lane, Greenwich, CT, USA, 06831
Following the spinoff of its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving closer to becoming a pure-play asset-based less-than-truckload carrier. We estimate LTL shipping makes up 60% of total revenue, with XPO's European truckload and LTL operations making up 40%. However, XPO's LTL segment EBITDA mix is much higher than 60%. We believe XPO intends to divest its European trucking division once it finds the right buyer.