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Fonterra Co-operative GroupNZSE:FCG 65 Cyclically Adjusted PS Ratio is 0.49 as of Jul. 27, 2026, which is 75% above its 10-year median of 0.28. GuruFocus rates NZSE:FCG with a GF Score™ of 65/100 and a GF Value™ of NZ$2.97 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,450 Consumer Packaged Goods companies, Fonterra Co-operative Group ranks better than 63.86% on this metric.
The historical rank and industry rank for Fonterra Co-operative Group's Cyclically Adjusted PS Ratio or its related term are showing as below:
NZSE:FCG'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.28 Max: 0.54
Current: 0.49
During the past 13 years, Fonterra Co-operative Group's highest Cyclically Adjusted PS Ratio was 0.54. The lowest was 0.16. And the median was 0.28.
NZSE:FCG's Cyclically Adjusted PS Ratio is ranked better than 63.86% of 1450
companies
in the Consumer Packaged Goods industry
Industry Median: 0.75
vs NZSE:FCG: 0.49
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.
Fonterra Co-operative Group's adjusted revenue per share data of for the fiscal year that ended in Jul25 was NZ$10.003. 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 NZ$8.75 for the trailing ten years ended in Jul25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Fonterra Co-operative Group (NZSE:FCG) 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.
Fonterra Co-operative Group Cyclically Adjusted PS Ratio Related Terms
Fonterra Co-operative Group Cyclically Adjusted PS Ratio Historical Data
* 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.
Fonterra Co-operative Group Cyclically Adjusted PS Ratio Chart
NZSE:FCG vs KHC, GIS, HRL: Cyclically Adjusted PS Ratio Comparison
For the Packaged Foods subindustry, Fonterra Co-operative Group'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.
Fonterra Co-operative Group Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Fonterra Co-operative Group's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Fonterra Co-operative Group's Cyclically Adjusted PS Ratio falls into.
Fonterra Co-operative Group 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 0.49 mean?
Fonterra Co-operative Group (NZSE:FCG) has a Cyclically Adjusted PS Ratio of 0.49 as of Jul. 27, 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 Fonterra Co-operative Group and its competitors. This is 75% above median its historical median of 0.28. Over the past decade, Fonterra Co-operative Group's Cyclically Adjusted PS Ratio has ranged from 0.16 to 0.54. According to the industry distribution chart, Fonterra Co-operative Group ranks #524 out of 1450 companies in the Consumer Packaged Goods industry, placing it in the top 36.1%.
Is Fonterra Co-operative Group's Cyclically Adjusted PS Ratio too high?
Fonterra Co-operative Group's current Cyclically Adjusted PS Ratio of 0.49 is 75% above median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.54. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.75. Fonterra Co-operative Group's value of 0.49 is 34.7% below this industry median. Based on the distribution chart, Fonterra Co-operative Group ranks #524 out of 1450 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Fonterra Co-operative Group has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fonterra Co-operative Group's Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Fonterra Co-operative Group ranks #524 out of 1450 companies for Cyclically Adjusted PS Ratio. This puts Fonterra Co-operative Group in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.75. Fonterra Co-operative Group's value of 0.49 is 34.7% below this benchmark. Historically, Fonterra Co-operative Group's own Cyclically Adjusted PS Ratio has ranged from 0.16 to 0.54 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.75, Fonterra Co-operative Group has consistently been below 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 0.75, based on 1,450 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. Fonterra Co-operative Group's current Cyclically Adjusted PS Ratio of 0.49 is 34.7% below 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 Fonterra Co-operative Group and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fonterra Co-operative Group's current Cyclically Adjusted PS Ratio is 0.49, which is 75% above median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fonterra Co-operative Group stock overvalued right now?
Based on GuruFocus' analysis, Fonterra Co-operative Group (NZSE:FCG) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$2.97, compared to a current price of NZ$4.25 — trading 43.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.49, which is 75% above median its 10-year median of 0.28 and 34.7% below the Consumer Packaged Goods industry median of 0.75. Fonterra Co-operative Group's overall GF Score™ is 65/100 with 5 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 Fonterra Co-operative Group (NZSE:FCG), the current Cyclically Adjusted PS Ratio is 0.49 as of Jul. 27, 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 Fonterra Co-operative Group (NZSE:FCG) Overvalued in 2026?
Based on GuruFocus' analysis, Fonterra Co-operative Group stock appears to be overvalued.
The current stock price of NZ$4.25 is trading 43.1% above its estimated GF Value™ of NZ$2.97.
GuruFocus considers Fonterra Co-operative Group to be Significantly Overvalued.
Key valuation signals for NZSE:FCG:
Cyclically Adjusted PS Ratio: 0.49 (75% above median its 10-year median of 0.28)
GF Value™: NZ$2.97 vs. price of NZ$4.25 (43.1% above fair value)
Industry Position: 34.7% below the Consumer Packaged Goods median (#524 of 1450)
No single metric tells the full story. See the NZSE:FCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fonterra Co-operative Group Ltd operates predominantly in the international dairy industry. The company is involved in the collection, manufacture, and sale of milk and milk-derived products through its ingredients, Consumer and Foodservice channels. The company's reportable segments are Global Markets, Greater China, and Core Operations and the majority of the revenue is generated from its core operations segment. Its primary geographic markets is Asia, China, Australia, New Zealand, the United States, and the Rest of the world.
65GF Score
Get the complete analysis for NZSE:FCG
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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