Royal Unibrew AS (OCSE:RBREW) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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
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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.

OCSE:RBREW Royal Unibrew AS OCSE:RBREW
81 GF Score
Price kr413.80
GF Value kr583.74
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Royal Unibrew AS Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Royal Unibrew AS  (OCSE:RBREW) 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.


Royal Unibrew AS Cyclically Adjusted PS Ratio Related Terms


Royal Unibrew AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Royal Unibrew AS'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.

Royal Unibrew AS Cyclically Adjusted PS Ratio Chart

Royal Unibrew AS 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 5.68 3.16 2.60 2.61 2.66

Royal Unibrew AS 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 2.51 2.28 2.65 2.37 1.89

OCSE:RBREW vs STZ, TAP: Cyclically Adjusted PS Ratio Comparison

For the Beverages - Brewers subindustry, Royal Unibrew AS'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.


Royal Unibrew AS Cyclically Adjusted PS Ratio vs Beverages - Alcoholic Industry

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

* The bar in red indicates where Royal Unibrew AS's Cyclically Adjusted PS Ratio falls into.


OCSE:RBREW
81GF Score
Royal Unibrew AS OCSE:RBREW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Royal Unibrew AS 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.

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

For example, Royal Unibrew AS'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)
=90.663/122.9500*122.9500
=90.663

Current CPI (Jun. 2026) = 122.9500.

Royal Unibrew AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 32.389 100.200 39.743
201612 27.680 100.300 33.931
201703 25.826 101.200 31.377
201706 35.170 101.200 42.729
201709 32.667 101.800 39.454
201712 29.602 101.300 35.929
201803 28.584 101.700 34.557
201806 40.824 102.300 49.065
201809 41.427 102.400 49.741
201812 33.435 102.100 40.263
201903 30.471 102.900 36.408
201906 45.628 102.900 54.519
201909 42.953 102.900 51.322
201912 36.318 102.900 43.395
202003 30.099 103.300 35.825
202006 40.927 103.200 48.759
202009 45.357 103.500 53.881
202012 31.899 103.400 37.930
202103 32.963 104.300 38.857
202106 47.776 105.000 55.943
202109 50.350 105.800 58.512
202112 49.666 106.600 57.284
202203 45.118 109.900 50.476
202206 65.107 113.600 70.466
202209 66.830 116.400 70.591
202212 56.788 115.900 60.242
202303 51.428 117.300 53.905
202306 72.446 116.400 76.523
202309 67.088 117.400 70.260
202312 68.807 116.700 72.492
202403 63.912 118.400 66.368
202406 83.511 118.500 86.647
202409 81.573 118.900 84.352
202412 71.400 118.900 73.832
202503 64.048 120.200 65.513
202506 88.760 120.700 90.415
202509 86.328 121.600 87.286
202512 77.101 121.180 78.227
202603 67.571 121.670 68.282
202606 90.663 122.950 90.663

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 Royal Unibrew AS (OCSE:RBREW) Overvalued in 2026?

Based on GuruFocus' analysis, Royal Unibrew AS stock appears to be undervalued. The current stock price of kr413.80 is trading 29.1% below its estimated GF Value™ of kr583.74. GuruFocus considers Royal Unibrew AS to be Modestly Undervalued.

Key valuation signals for OCSE:RBREW:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr583.74 vs. price of kr413.80 (29.1% below fair value)
  • GF Score™: 81/100 with 5 warning signs

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


Royal Unibrew AS Business Description

Address Faxe Alle 1, Faxe, DNK, DK-4640
Royal Unibrew AS manufactures and sells beverages, including beer, malt beverages, cider, soft drinks, juice, and water. The company produces and distributes its own brands and partner brands, with its largest licensing agreements with PepsiCo and Heineken. Royal Unibrew was founded in 1989 and listed on the Copenhagen stock exchange in 1998.In 2024, Royal Unibrew took over PepsiCo's beverage business in Luxembourg and Belgium. In 2025, Royal Unibrew finalized its acquisition of Pernod Ricard's portfolio of Nordic brands, including spirits, liqueurs, and wines.
81GF Score

Get the complete analysis for OCSE:RBREW

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

kr413.80
Price
kr583.74
GF Value