Constellation Brands (MIL:1STZ) Cyclically Adjusted PS Ratio: 2.42 (As of Jul. 19, 2026) — 59% Below Median

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.

MIL:1STZ Constellation Brands Inc MIL:1STZ
50 GF Score
Price €114.50
GF Value €154.88
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Constellation Brands Cyclically Adjusted PS Ratio?

Constellation Brands MIL:1STZ 50 Cyclically Adjusted PS Ratio is 2.42 as of Jul. 19, 2026, which is 59% below its 10-year median of 5.96. GuruFocus rates MIL:1STZ with a GF Score™ of 50/100 and a GF Value™ of €154.88 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 172 Beverages - Alcoholic companies, Constellation Brands ranks worse than 66.28% on this metric.

As of today (2026-07-19), Constellation Brands's current share price is €114.50. Constellation Brands's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was €47.28. Constellation Brands's Cyclically Adjusted PS Ratio for today is 2.42.

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

MIL:1STZ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.43   Med: 5.96   Max: 9.34
Current: 2.43

During the past years, Constellation Brands's highest Cyclically Adjusted PS Ratio was 9.34. The lowest was 2.43. And the median was 5.96.

MIL:1STZ's Cyclically Adjusted PS Ratio is ranked worse than
66.28% of 172 companies
in the Beverages - Alcoholic industry
Industry Median: 1.54 vs MIL:1STZ: 2.43

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.

Constellation Brands's adjusted revenue per share data for the three months ended in May. 2026 was €12.078. 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 €47.28 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Constellation Brands  (MIL:1STZ) 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.


Constellation Brands Cyclically Adjusted PS Ratio Related Terms


Constellation Brands Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Constellation Brands'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.

Constellation Brands Cyclically Adjusted PS Ratio Chart

Constellation Brands Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.48 5.02 5.16 3.43 2.97

Constellation Brands Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 3.44 3.09 2.59 2.97 2.54

MIL:1STZ vs TAP, SAM, BUD: Cyclically Adjusted PS Ratio Comparison

For the Beverages - Brewers subindustry, Constellation Brands'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.


Constellation Brands Cyclically Adjusted PS Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Constellation Brands's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIL:1STZ
50GF Score
Constellation Brands Inc MIL:1STZ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Constellation Brands 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.

Constellation Brands's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=114.50/47.28
=2.42

* 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.

Constellation Brands's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 is calculated as:

For example, Constellation Brands's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=12.078/335.1230*335.1230
=12.078

Current CPI (May. 2026) = 335.1230.

Constellation Brands Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 8.767 240.849 12.199
201611 8.169 241.353 11.343
201702 7.597 243.603 10.451
201705 8.682 244.733 11.889
201708 8.783 245.519 11.988
201711 7.631 246.669 10.367
201802 7.156 248.991 9.631
201805 8.788 251.588 11.706
201808 10.163 252.146 13.507
201811 8.910 252.038 11.847
201902 8.146 252.776 10.800
201905 9.794 256.092 12.816
201908 10.997 256.558 14.365
201911 9.286 257.208 12.099
202002 9.110 258.678 11.802
202005 9.334 256.394 12.200
202008 9.788 259.918 12.620
202011 10.554 260.229 13.591
202102 5.593 263.014 7.126
202105 8.604 269.195 10.711
202108 10.468 273.567 12.823
202111 9.537 277.948 11.499
202202 9.756 283.716 11.524
202205 10.518 292.296 12.059
202208 14.170 296.171 16.034
202211 11.464 297.711 12.905
202302 9.021 300.840 10.049
202305 12.584 304.127 13.867
202308 14.116 307.026 15.408
202311 12.397 307.051 13.530
202402 10.804 310.326 11.667
202405 13.421 314.069 14.321
202408 14.551 314.796 15.491
202411 12.770 315.493 13.565
202502 11.546 319.082 12.126
202505 12.533 321.465 13.065
202508 12.113 323.976 12.530
202511 11.011 324.122 11.385
202602 9.352 326.785 9.591
202605 12.078 335.123 12.078

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 2.42 mean?
Constellation Brands (MIL:1STZ) has a Cyclically Adjusted PS Ratio of 2.42 as of Jul. 19, 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 Constellation Brands and its competitors. This is 59% below median its historical median of 5.96. Over the past decade, Constellation Brands' Cyclically Adjusted PS Ratio has ranged from 2.43 to 9.34. According to the industry distribution chart, Constellation Brands ranks #114 out of 172 companies in the Beverages - Alcoholic industry, placing it in the top 66.3%.
Is Constellation Brands' Cyclically Adjusted PS Ratio too high?
Constellation Brands' current Cyclically Adjusted PS Ratio of 2.42 is 59% below median its 10-year median of 5.96. Over the past 10 years, this metric has ranged from a low of 2.43 to a high of 9.34. The Beverages - Alcoholic industry median Cyclically Adjusted PS Ratio is 1.54. Constellation Brands' value of 2.42 is 57.1% above this industry median. Based on the distribution chart, Constellation Brands ranks #114 out of 172 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Constellation Brands has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Constellation Brands' Cyclically Adjusted PS Ratio compare to TAP and SAM?
According to the Beverages - Alcoholic industry distribution chart, Constellation Brands ranks #114 out of 172 companies for Cyclically Adjusted PS Ratio. This places Constellation Brands in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.54. Constellation Brands' value of 2.42 is 57.1% above this benchmark. Historically, Constellation Brands' own Cyclically Adjusted PS Ratio has ranged from 2.43 to 9.34 over the past decade. While the company's 10-year median is 5.96 vs. the industry median of 1.54, Constellation Brands 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 Beverages - Alcoholic company?
The median Cyclically Adjusted PS Ratio among Beverages - Alcoholic companies is 1.54, based on 172 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. Constellation Brands's current Cyclically Adjusted PS Ratio of 2.42 is 57.1% 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 Constellation Brands and its competitors. For the Beverages - Alcoholic industry, the median Cyclically Adjusted PS Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Constellation Brands's current Cyclically Adjusted PS Ratio is 2.42, which is 59% below median its own 10-year median of 5.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Constellation Brands stock overvalued right now?
Based on GuruFocus' analysis, Constellation Brands (MIL:1STZ) is currently considered Modestly Undervalued. The stock's GF Value™ is €154.88, compared to a current price of €114.50 — trading 26.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.42, which is 59% below median its 10-year median of 5.96 and 57.1% above the Beverages - Alcoholic industry median of 1.54. Constellation Brands' overall GF Score™ is 50/100 with 3 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 Constellation Brands (MIL:1STZ), the current Cyclically Adjusted PS Ratio is 2.42 as of Jul. 19, 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 Constellation Brands (MIL:1STZ) Overvalued in 2026?

Based on GuruFocus' analysis, Constellation Brands stock appears to be undervalued. The current stock price of €114.50 is trading 26.1% below its estimated GF Value™ of €154.88. GuruFocus considers Constellation Brands to be Modestly Undervalued.

Key valuation signals for MIL:1STZ:

  • Cyclically Adjusted PS Ratio: 2.42 (59% below median its 10-year median of 5.96)
  • GF Value™: €154.88 vs. price of €114.50 (26.1% below fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 57.1% above the Beverages - Alcoholic median (#114 of 172)

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


Constellation Brands Business Description

Address 50 East Broad Street, Rochester, NY, USA, 14614
Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating more than 90% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company has pruned assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has limited revenue exposure to international markets. Constellation owns a 10% stake in Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.
50GF Score

Get the complete analysis for MIL:1STZ

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

€114.50
Price
€154.88
GF Value