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Honeywell Flour MillsNSA:HFM 69 Cyclically Adjusted PS Ratio is 0.93 as of Jul. 20, 2026, which is 258% above its 10-year median of 0.26. GuruFocus rates NSA:HFM with a GF Score™ of 69/100 and a GF Value™ of ₦10.32 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,448 Consumer Packaged Goods companies, Honeywell Flour Mills ranks worse than 55.46% on this metric.
The historical rank and industry rank for Honeywell Flour Mills's Cyclically Adjusted PS Ratio or its related term are showing as below:
NSA:HFM'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.26 Max: 1.66
Current: 0.93
During the past 13 years, Honeywell Flour Mills's highest Cyclically Adjusted PS Ratio was 1.66. The lowest was 0.12. And the median was 0.26.
NSA:HFM's Cyclically Adjusted PS Ratio is ranked worse than 55.46% of 1448
companies
in the Consumer Packaged Goods industry
Industry Median: 0.77
vs NSA:HFM: 0.93
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.
Honeywell Flour Mills's adjusted revenue per share data of for the fiscal year that ended in Mar25 was ₦47.100. 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 ₦18.03 for the trailing ten years ended in Mar25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Honeywell Flour Mills (NSA:HFM) 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.
Honeywell Flour Mills Cyclically Adjusted PS Ratio Related Terms
Honeywell Flour Mills Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Honeywell Flour Mills'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.
Honeywell Flour Mills Cyclically Adjusted PS Ratio Chart
NSA:HFM vs KHC, GIS, HRL: Cyclically Adjusted PS Ratio Comparison
For the Packaged Foods subindustry, Honeywell Flour Mills'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.
Honeywell Flour Mills Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Honeywell Flour Mills's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Honeywell Flour Mills's Cyclically Adjusted PS Ratio falls into.
Honeywell Flour Mills 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.
* 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.
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 0.93 mean?
Honeywell Flour Mills (NSA:HFM) has a Cyclically Adjusted PS Ratio of 0.93 as of Jul. 20, 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 Honeywell Flour Mills and its competitors. This is 258% above median its historical median of 0.26. Over the past decade, Honeywell Flour Mills' Cyclically Adjusted PS Ratio has ranged from 0.12 to 1.66. According to the industry distribution chart, Honeywell Flour Mills ranks #803 out of 1448 companies in the Consumer Packaged Goods industry, placing it in the top 55.5%.
Is Honeywell Flour Mills' Cyclically Adjusted PS Ratio too high?
Honeywell Flour Mills' current Cyclically Adjusted PS Ratio of 0.93 is 258% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 1.66. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. Honeywell Flour Mills' value of 0.93 is 20.8% above this industry median. Based on the distribution chart, Honeywell Flour Mills ranks #803 out of 1448 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Honeywell Flour Mills has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honeywell Flour Mills' Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Honeywell Flour Mills ranks #803 out of 1448 companies for Cyclically Adjusted PS Ratio. This places Honeywell Flour Mills in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. Honeywell Flour Mills' value of 0.93 is 20.8% above this benchmark. Historically, Honeywell Flour Mills' own Cyclically Adjusted PS Ratio has ranged from 0.12 to 1.66 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.77, Honeywell Flour Mills 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,448 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. Honeywell Flour Mills's current Cyclically Adjusted PS Ratio of 0.93 is 20.8% 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 Honeywell Flour Mills and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell Flour Mills's current Cyclically Adjusted PS Ratio is 0.93, which is 258% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell Flour Mills stock overvalued right now?
Based on GuruFocus' analysis, Honeywell Flour Mills (NSA:HFM) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦10.32, compared to a current price of ₦16.85 — trading 63.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.93, which is 258% above median its 10-year median of 0.26 and 20.8% above the Consumer Packaged Goods industry median of 0.77. Honeywell Flour Mills' overall GF Score™ is 69/100 with 2 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 Honeywell Flour Mills (NSA:HFM), the current Cyclically Adjusted PS Ratio is 0.93 as of Jul. 20, 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 Honeywell Flour Mills (NSA:HFM) Overvalued in 2026?
Based on GuruFocus' analysis, Honeywell Flour Mills stock appears to be overvalued.
The current stock price of ₦16.85 is trading 63.3% above its estimated GF Value™ of ₦10.32.
GuruFocus considers Honeywell Flour Mills to be Significantly Overvalued.
Key valuation signals for NSA:HFM:
Cyclically Adjusted PS Ratio: 0.93 (258% above median its 10-year median of 0.26)
GF Value™: ₦10.32 vs. price of ₦16.85 (63.3% above fair value)
Industry Position: 20.8% above the Consumer Packaged Goods median (#803 of 1448)
No single metric tells the full story. See the NSA:HFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honeywell Flour Mills PLC is a Nigerian food manufacturing company specializing in the production and marketing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. It distributes products across Nigeria through an extensive logistics and retail network. Honeywell Flour Mills is ISO-certified and part of the Flour Mills of Nigeria Plc group, benefiting from group synergies in a closely regulated sector. The Company's business reportable segments are identified by the factories located at Apapa, and Sagamu. The Apapa segment manufactures Flour, Semo and Wheat meal while Sagamu segments manufacture Noodles and Pasta. The Apapa generates the maximum revenue for the company.
69GF Score
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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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