MIDD (The Middleby) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.

MIDD The Middleby Corp MIDD
76 GF Score
Price $112.28
GF Value $108.28
Valuation Fairly Valued
! 2 Warning Signs
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What is The Middleby Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Middleby  (NAS:MIDD) 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.


The Middleby Cyclically Adjusted PS Ratio Related Terms


The Middleby Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for The Middleby'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.

The Middleby Cyclically Adjusted PS Ratio Chart

The Middleby 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 3.63 2.10 2.07 1.79 1.86

The Middleby 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 1.80 1.63 1.82 1.58 2.01

MIDD vs SYM, CSW, XE: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, The Middleby'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.


The Middleby Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Middleby's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIDD
76GF Score
The Middleby Corp MIDD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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The Middleby 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.

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

For example, The Middleby'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)
=19.309/333.9520*333.9520
=19.309

Current CPI (Jun. 2026) = 333.9520.

The Middleby Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 10.070 241.428 13.929
201612 10.426 241.432 14.421
201703 9.287 243.801 12.721
201706 10.111 244.955 13.785
201709 10.439 246.819 14.124
201712 11.371 246.524 15.404
201803 10.523 249.554 14.082
201806 12.022 251.989 15.932
201809 12.835 252.439 16.979
201812 13.587 251.233 18.061
201903 12.352 254.202 16.227
201906 13.672 256.143 17.825
201909 13.007 256.759 16.917
201912 14.141 256.974 18.377
202003 12.229 258.115 15.822
202006 8.588 257.797 11.125
202009 11.516 260.280 14.776
202012 13.239 260.474 16.974
202103 13.545 264.877 17.077
202106 14.271 271.696 17.541
202109 14.358 274.310 17.480
202112 15.178 278.802 18.180
202203 17.648 287.504 20.499
202206 18.546 296.311 20.902
202209 18.257 296.808 20.542
202212 18.969 296.797 21.344
202303 18.526 301.836 20.497
202306 19.244 305.109 21.063
202309 18.108 307.789 19.647
202312 18.758 306.746 20.422
202403 17.041 312.332 18.221
202406 18.338 314.175 19.492
202409 17.447 315.301 18.479
202412 15.254 315.605 16.141
202503 13.376 319.799 13.968
202506 14.990 322.561 15.519
202509 19.440 324.800 19.988
202512 17.317 324.054 17.846
202603 17.778 330.213 17.979
202606 19.309 333.952 19.309

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 The Middleby (MIDD) Overvalued in 2026?

Based on GuruFocus' analysis, The Middleby stock appears to be overvalued. The current stock price of $112.28 is trading 3.7% above its estimated GF Value™ of $108.28. GuruFocus considers The Middleby to be Fairly Valued.

Key valuation signals for MIDD:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $108.28 vs. price of $112.28 (3.7% above fair value)
  • GF Score™: 76/100 with 2 warning signs

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


The Middleby Business Description

Other Exchanges 0K1G:UKMBY:Germany
Address 1400 Toastmaster Drive, Elgin, IL, USA, 60120
The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.
76GF Score

Get the complete analysis for MIDD

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

$112.28
Price
$108.28
GF Value