MUSA (Murphy USA) Cyclically Adjusted PS Ratio: (As of Aug. 08, 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.

MUSA Murphy USA Inc MUSA
75 GF Score
Price $520.07
GF Value $511.18
Valuation Fairly Valued
! 3 Warning Signs
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What is Murphy USA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Murphy USA  (NYSE:MUSA) 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.


Murphy USA Cyclically Adjusted PS Ratio Related Terms


Murphy USA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Murphy USA'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.

Murphy USA Cyclically Adjusted PS Ratio Chart

Murphy USA 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 0.44 0.53 0.60 0.76 0.55

Murphy USA 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 0.58 0.54 0.55 0.64 0.67

MUSA vs FIVE, GME, TSCO: Cyclically Adjusted PS Ratio Comparison

For the Specialty Retail subindustry, Murphy USA'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.


Murphy USA Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Murphy USA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MUSA
75GF Score
Murphy USA Inc MUSA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Murphy USA 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.

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

For example, Murphy USA'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)
=366.866/333.9520*333.9520
=366.866

Current CPI (Jun. 2026) = 333.9520.

Murphy USA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 77.672 241.428 107.439
201612 79.124 241.432 109.445
201703 81.334 243.801 111.409
201706 87.114 244.955 118.764
201709 90.539 246.819 122.501
201712 96.873 246.524 131.228
201803 95.244 249.554 127.455
201806 116.589 251.989 154.511
201809 116.425 252.439 154.019
201812 107.725 251.233 143.194
201903 96.126 254.202 126.283
201906 117.558 256.143 153.269
201909 115.367 256.759 150.051
201912 112.108 256.974 145.691
202003 104.279 258.115 134.917
202006 80.678 257.797 104.511
202009 96.241 260.280 123.482
202012 100.584 260.474 128.958
202103 128.678 264.877 162.235
202106 165.546 271.696 203.479
202109 175.903 274.310 214.149
202112 185.004 278.802 221.600
202203 204.132 287.504 237.111
202206 277.996 296.311 313.310
202209 261.932 296.808 294.711
202212 237.384 296.797 267.101
202303 229.395 301.836 253.803
202306 253.295 305.109 277.240
202309 266.081 307.789 288.699
202312 237.843 306.746 258.938
202403 228.887 312.332 244.731
202406 260.573 314.175 276.976
202409 252.640 315.301 267.584
202412 230.214 315.605 243.597
202503 223.985 319.799 233.898
202506 253.225 322.561 262.167
202509 265.703 324.800 273.190
202512 251.917 324.054 259.612
202603 257.606 330.213 260.523
202606 366.866 333.952 366.866

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 Murphy USA (MUSA) Overvalued in 2026?

Based on GuruFocus' analysis, Murphy USA stock appears to be overvalued. The current stock price of $520.07 is trading 1.7% above its estimated GF Value™ of $511.18. GuruFocus considers Murphy USA to be Fairly Valued.

Key valuation signals for MUSA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $511.18 vs. price of $520.07 (1.7% above fair value)
  • GF Score™: 75/100 with 3 warning signs

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


Murphy USA Business Description

Other Exchanges MUSA1:Mexico
Address 200 Peach Street, El Dorado, AR, USA, 71730-5836
Murphy USA Inc is mainly engaged in the marketing of retail motor fuel products and convenience merchandise through a network of several retail stores in the Southwest, Southeast, Midwest, and Northeast United States. The majority of Murphy USA's stores are located in proximity to Walmart Supercenters, but it also operates standalone stores that market gasoline and other products under the Murphy USA, Murphy Express, and QuickChek brands. In addition, the company also markets fuel to unbranded wholesale customers through a mixture of company-owned and third-party product distribution terminals and pipeline positions. The firm generates maximum revenue through retail sales of petroleum products, and the rest from merchandise sales and wholesale of petroleum products.
75GF Score

Get the complete analysis for MUSA

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

$520.07
Price
$511.18
GF Value