Kesko Oyj (MIL:1KESK) Cyclically Adjusted PS Ratio: 0.60 (As of Jul. 29, 2026) — Near Median

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MIL:1KESK Kesko Oyj MIL:1KESK
53 GF Score
Price €21.34
GF Value €21.73
Valuation Fairly Valued
! 8 Warning Signs
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What is Kesko Oyj Cyclically Adjusted PS Ratio?

Kesko Oyj MIL:1KESK 53 Cyclically Adjusted PS Ratio is 0.60 as of Jul. 29, 2026, which is 2% above its 10-year median of 0.59. GuruFocus rates MIL:1KESK with a GF Score™ of 53/100 and a GF Value™ of €21.73 (Fairly Valued). The stock has 8 warning signs investors should review. Among 240 Retail - Defensive companies, Kesko Oyj ranks worse than 62.08% on this metric.

As of today (2026-07-29), Kesko Oyj's current share price is €21.34. Kesko Oyj's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €35.32. Kesko Oyj's Cyclically Adjusted PS Ratio for today is 0.60.

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

MIL:1KESK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.59   Max: 1.28
Current: 0.65

During the past years, Kesko Oyj's highest Cyclically Adjusted PS Ratio was 1.28. The lowest was 0.43. And the median was 0.59.

MIL:1KESK's Cyclically Adjusted PS Ratio is ranked worse than
62.08% of 240 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs MIL:1KESK: 0.65

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.

Kesko Oyj's adjusted revenue per share data for the three months ended in Jun. 2026 was €8.485. 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 €35.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kesko Oyj  (MIL:1KESK) 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.


Kesko Oyj Cyclically Adjusted PS Ratio Related Terms


Kesko Oyj Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kesko Oyj'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.

Kesko Oyj Cyclically Adjusted PS Ratio Chart

Kesko Oyj 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 1.01 0.69 0.59 0.58 0.61

Kesko Oyj 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 0.65 0.58 0.61 0.59 0.60

MIL:1KESK vs KR, SFM, ACI: Cyclically Adjusted PS Ratio Comparison

For the Grocery Stores subindustry, Kesko Oyj'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.


Kesko Oyj Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Kesko Oyj's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIL:1KESK
53GF Score
Kesko Oyj MIL:1KESK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kesko Oyj 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.

Kesko Oyj's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.34/35.32
=0.60

* 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.

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

For example, Kesko Oyj'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)
=8.485/125.3800*125.3800
=8.485

Current CPI (Jun. 2026) = 125.3800.

Kesko Oyj Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.980 100.540 8.705
201612 6.826 101.020 8.472
201703 6.440 100.910 8.002
201706 6.950 101.140 8.616
201709 6.528 101.320 8.078
201712 6.472 101.510 7.994
201803 6.065 101.730 7.475
201806 6.717 102.320 8.231
201809 6.631 102.600 8.103
201812 6.704 102.710 8.184
201903 6.061 102.870 7.387
201906 7.020 103.360 8.516
201909 7.079 103.540 8.572
201912 6.898 103.650 8.344
202003 6.404 103.490 7.759
202006 7.097 103.320 8.612
202009 6.686 103.710 8.083
202012 6.710 103.890 8.098
202103 6.400 104.870 7.652
202106 7.528 105.360 8.958
202109 7.311 106.290 8.624
202112 7.228 107.490 8.431
202203 6.817 110.950 7.704
202206 7.823 113.570 8.637
202209 7.573 114.920 8.262
202212 7.508 117.320 8.024
202303 7.087 119.750 7.420
202306 7.808 120.690 8.111
202309 7.416 121.280 7.667
202312 7.297 121.540 7.528
202403 6.937 122.360 7.108
202406 7.775 122.230 7.975
202409 7.606 122.260 7.800
202412 7.641 122.390 7.828
202503 7.105 123.010 7.242
202506 8.011 122.530 8.197
202509 8.107 122.880 8.272
202512 8.116 122.670 8.295
202603 7.607 124.670 7.650
202606 8.485 125.380 8.485

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 0.60 mean?
Kesko Oyj (MIL:1KESK) has a Cyclically Adjusted PS Ratio of 0.60 as of Jul. 29, 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 Kesko Oyj and its competitors. This is near median its historical median of 0.59. Over the past decade, Kesko Oyj's Cyclically Adjusted PS Ratio has ranged from 0.43 to 1.28. According to the industry distribution chart, Kesko Oyj ranks #149 out of 240 companies in the Retail - Defensive industry, placing it in the top 62.1%.
Is Kesko Oyj's Cyclically Adjusted PS Ratio too high?
Kesko Oyj's current Cyclically Adjusted PS Ratio of 0.60 is near median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.28. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.44. Kesko Oyj's value of 0.60 is 36.4% above this industry median. Based on the distribution chart, Kesko Oyj ranks #149 out of 240 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Kesko Oyj has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kesko Oyj's Cyclically Adjusted PS Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Kesko Oyj ranks #149 out of 240 companies for Cyclically Adjusted PS Ratio. This places Kesko Oyj in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.44. Kesko Oyj's value of 0.60 is 36.4% above this benchmark. Historically, Kesko Oyj's own Cyclically Adjusted PS Ratio has ranged from 0.43 to 1.28 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.44, Kesko Oyj has consistently been above 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 a Retail - Defensive company?
The median Cyclically Adjusted PS Ratio among Retail - Defensive companies is 0.44, based on 240 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. Kesko Oyj's current Cyclically Adjusted PS Ratio of 0.60 is 36.4% above 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 Kesko Oyj and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PS Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kesko Oyj's current Cyclically Adjusted PS Ratio is 0.60, which is near median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kesko Oyj stock overvalued right now?
Based on GuruFocus' analysis, Kesko Oyj (MIL:1KESK) is currently considered Fairly Valued. The stock's GF Value™ is €21.73, compared to a current price of €21.34 — trading 1.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.60, which is near median its 10-year median of 0.59 and 36.4% above the Retail - Defensive industry median of 0.44. Kesko Oyj's overall GF Score™ is 53/100 with 8 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 Kesko Oyj (MIL:1KESK), the current Cyclically Adjusted PS Ratio is 0.60 as of Jul. 29, 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 Kesko Oyj (MIL:1KESK) Overvalued in 2026?

Based on GuruFocus' analysis, Kesko Oyj stock appears to be undervalued. The current stock price of €21.34 is trading 1.8% below its estimated GF Value™ of €21.73. GuruFocus considers Kesko Oyj to be Fairly Valued.

Key valuation signals for MIL:1KESK:

  • Cyclically Adjusted PS Ratio: 0.60 (near median its 10-year median of 0.59)
  • GF Value™: €21.73 vs. price of €21.34 (1.8% below fair value)
  • GF Score™: 53/100 with 8 warning signs
  • Industry Position: 36.4% above the Retail - Defensive median (#149 of 240)

No single metric tells the full story. See the MIL:1KESK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kesko Oyj Business Description

Address Tyopajankatu 12, Helsinki, FIN, 00580
Kesko Oyj is a Finland-based retail conglomerate that operates in three divisions: Grocery, Building and Technical, and Car. The Grocery segment provides the customers with K-food retailers running their locally tailored stores, acting in a chain business model. Chains include K-Citymarket, K-Supermarket, K-Market, and Neste K. The Building and Technical Sector produces construction materials, leisure athletic goods, and infrastructure tools and operates out of Scandinavia and Eastern Europe, both in digital and brick-and-mortar stores. The Car division acts as an importer and leaser for various European car brands, including Volkswagen, SEAT, Audi, and Porsche as well as a seller of used cars online and in-store. The Grocery segment in Finland produces the maximum revenue.
53GF Score

Get the complete analysis for MIL:1KESK

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

€21.34
Price
€21.73
GF Value