Under Armour (MIL:1UAA) 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.
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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:1UAA Under Armour Inc MIL:1UAA
38 GF Score
Price €4.41
GF Value €5.28
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Under Armour Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Under Armour  (MIL:1UAA) 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.


Under Armour Cyclically Adjusted PS Ratio Related Terms


Under Armour Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Under Armour'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.

Under Armour Cyclically Adjusted PS Ratio Chart

Under Armour Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
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Under Armour Quarterly Data
Jun21 Sep21 Dec21 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 0.45 0.30 0.33 0.40 0.42

MIL:1UAA vs FIGS, GIII, COLM: Cyclically Adjusted PS Ratio Comparison

For the Apparel Manufacturing subindustry, Under Armour'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.


Under Armour Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Under Armour's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIL:1UAA
38GF Score
Under Armour Inc MIL:1UAA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Under Armour 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.

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

For example, Under Armour'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)
=2.19/333.9520*333.9520
=2.190

Current CPI (Jun. 2026) = 333.9520.

Under Armour Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.001 241.018 2.773
201609 2.957 241.428 4.090
201612 2.710 241.432 3.749
201703 2.391 243.801 3.275
201706 2.251 244.955 3.069
201709 2.671 246.819 3.614
201712 2.625 246.524 3.556
201803 2.177 249.554 2.913
201806 2.218 251.989 2.939
201809 2.751 252.439 3.639
201812 2.692 251.233 3.578
201903 2.334 254.202 3.066
201906 2.343 256.143 3.055
201909 2.815 256.759 3.661
201912 2.873 256.974 3.734
202003 1.861 258.115 2.408
202006 1.412 257.797 1.829
202009 2.686 260.280 3.446
202012 2.574 260.474 3.300
202103 2.279 264.877 2.873
202106 2.431 271.696 2.988
202109 2.775 274.310 3.378
202112 2.787 278.802 3.338
202206 2.691 296.311 3.033
202209 3.337 296.808 3.755
202212 3.348 296.797 3.767
202303 2.849 301.836 3.152
202306 2.653 305.109 2.904
202309 3.172 307.789 3.442
202312 3.075 306.746 3.348
202403 2.746 312.332 2.936
202406 2.523 314.175 2.682
202409 2.930 315.301 3.103
202412 3.005 315.605 3.180
202503 2.607 319.799 2.722
202506 2.349 322.561 2.432
202509 2.682 324.800 2.758
202512 2.698 324.054 2.780
202603 2.362 330.213 2.389
202606 2.190 333.952 2.190

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 Under Armour (MIL:1UAA) Overvalued in 2026?

Based on GuruFocus' analysis, Under Armour stock appears to be undervalued. The current stock price of €4.41 is trading 16.5% below its estimated GF Value™ of €5.28. GuruFocus considers Under Armour to be Modestly Undervalued.

Key valuation signals for MIL:1UAA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €5.28 vs. price of €4.41 (16.5% below fair value)
  • GF Score™: 38/100 with 3 warning signs

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


Under Armour Business Description

Address 101 Performance Drive, Baltimore, MD, USA, 21230
Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and Latin America. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale partners, company-owned digital channels, and approximately 440 company-owned outlet and full-price stores. The Baltimore-based firm was founded in 1996 and is led by controlling shareholder Kevin Plank.
38GF Score

Get the complete analysis for MIL:1UAA

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

€4.41
Price
€5.28
GF Value