PETS (PetMed Express) Cyclically Adjusted PS Ratio: 0.12 (As of Jul. 07, 2026) — 93% Below Median


PETS PetMed Express Inc PETS
56 GF Score
Price $1.91
GF Value $2.87
Valuation Possible Value Trap
! 4 Warning Signs
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What is PetMed Express Cyclically Adjusted PS Ratio?

PetMed Express PETS -2.04% 56 Cyclically Adjusted PS Ratio is 0.12 as of Jul. 07, 2026, which is 93% below its 10-year median of 1.75. GuruFocus rates PETS with a GF Score™ of 56/100 and a GF Value™ of $2.87 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 359 Healthcare Providers & Services companies, PetMed Express ranks better than 93.87% on this metric.

As of today (2026-07-07), PetMed Express's current share price is $1.91. PetMed Express's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $15.39. PetMed Express's Cyclically Adjusted PS Ratio for today is 0.12.

The historical rank and industry rank for PetMed Express's Cyclically Adjusted PS Ratio or its related term are showing as below:

PETS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1   Med: 1.75   Max: 4.46
Current: 0.13

During the past years, PetMed Express's highest Cyclically Adjusted PS Ratio was 4.46. The lowest was 0.10. And the median was 1.75.

PETS's Cyclically Adjusted PS Ratio is ranked better than
93.87% of 359 companies
in the Healthcare Providers & Services industry
Industry Median: 1.14 vs PETS: 0.13

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.

PetMed Express's adjusted revenue per share data for the three months ended in Mar. 2026 was $2.036. 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 $15.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PetMed Express  (NAS:PETS) 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.


PetMed Express Cyclically Adjusted PS Ratio Related Terms


PetMed Express Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PetMed Express'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.

PetMed Express Cyclically Adjusted PS Ratio Chart

PetMed Express Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.74 1.06 0.31 0.27 0.15

PetMed Express Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.27 0.21 0.16 0.21 0.15

PETS vs SHFH, BHIC, SCNX: Cyclically Adjusted PS Ratio Comparison

For the Pharmaceutical Retailers subindustry, PetMed Express'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.


PetMed Express Cyclically Adjusted PS Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, PetMed Express's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


PETS
56GF Score
PetMed Express Inc PETS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PetMed Express 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.

PetMed Express's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.91/15.39
=0.12

* 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.

PetMed Express's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PetMed Express's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.036/330.2130*330.2130
=2.036

Current CPI (Mar. 2026) = 330.2130.

PetMed Express Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.565 241.018 4.884
201609 2.983 241.428 4.080
201612 2.590 241.432 3.542
201703 3.091 243.801 4.187
201706 3.896 244.955 5.252
201709 3.264 246.819 4.367
201712 2.943 246.524 3.942
201803 3.297 249.554 4.363
201806 4.274 251.989 5.601
201809 3.479 252.439 4.551
201812 2.931 251.233 3.852
201903 3.149 254.202 4.091
201906 3.951 256.143 5.094
201909 3.502 256.759 4.504
201912 2.997 256.974 3.851
202003 3.713 258.115 4.750
202006 4.800 257.797 6.148
202009 3.743 260.280 4.749
202012 3.278 260.474 4.156
202103 3.274 264.877 4.082
202106 3.926 271.696 4.772
202109 3.276 274.310 3.944
202112 2.987 278.802 3.538
202203 3.190 287.504 3.664
202206 3.452 296.311 3.847
202209 3.214 296.808 3.576
202212 2.900 296.797 3.227
202303 2.625 301.836 2.872
202306 3.848 305.109 4.165
202309 3.417 307.789 3.666
202312 3.198 306.746 3.443
202403 2.912 312.332 3.079
202406 3.161 314.175 3.322
202409 2.772 315.301 2.903
202412 2.518 315.605 2.635
202503 2.460 319.799 2.540
202506 2.466 322.561 2.525
202509 2.124 324.800 2.159
202512 1.935 324.054 1.972
202603 2.036 330.213 2.036

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.

What does a Cyclically Adjusted PS Ratio of 0.12 mean?
PetMed Express (PETS) has a Cyclically Adjusted PS Ratio of 0.12 as of Jul. 07, 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 PetMed Express and its competitors. This is 93% below median its historical median of 1.75. Over the past decade, PetMed Express' Cyclically Adjusted PS Ratio has ranged from 0.10 to 4.46. According to the industry distribution chart, PetMed Express ranks #22 out of 359 companies in the Healthcare Providers & Services industry, placing it in the top 6.1%.
Is PetMed Express' Cyclically Adjusted PS Ratio too high?
PetMed Express' current Cyclically Adjusted PS Ratio of 0.12 is 93% below median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 4.46. The Healthcare Providers & Services industry median Cyclically Adjusted PS Ratio is 1.14. PetMed Express' value of 0.12 is 89.5% below this industry median. Based on the distribution chart, PetMed Express ranks #22 out of 359 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, PetMed Express has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PetMed Express' Cyclically Adjusted PS Ratio compare to SHFH and BHIC?
According to the Healthcare Providers & Services industry distribution chart, PetMed Express ranks #22 out of 359 companies for Cyclically Adjusted PS Ratio. This places PetMed Express in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.14. PetMed Express' value of 0.12 is 89.5% below this benchmark. Historically, PetMed Express' own Cyclically Adjusted PS Ratio has ranged from 0.10 to 4.46 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 1.14, PetMed Express 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PS Ratio among Healthcare Providers & Services companies is 1.14, based on 359 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. PetMed Express's current Cyclically Adjusted PS Ratio of 0.12 is 89.5% 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 PetMed Express and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PS Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PetMed Express's current Cyclically Adjusted PS Ratio is 0.12, which is 93% below median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PetMed Express stock overvalued right now?
Based on GuruFocus' analysis, PetMed Express (PETS) is currently considered Possible Value Trap. The stock's GF Value™ is $2.87, compared to a current price of $1.91 — trading 33.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.12, which is 93% below median its 10-year median of 1.75 and 89.5% below the Healthcare Providers & Services industry median of 1.14. PetMed Express' overall GF Score™ is 56/100 with 4 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 PetMed Express (PETS), the current Cyclically Adjusted PS Ratio is 0.12 as of Jul. 07, 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 PetMed Express (PETS) Overvalued in 2026?

Based on GuruFocus' analysis, PetMed Express stock appears to be undervalued. The current stock price of $1.91 is trading 33.4% below its estimated GF Value™ of $2.87. GuruFocus considers PetMed Express to be Possible Value Trap.

Key valuation signals for PETS:

  • Cyclically Adjusted PS Ratio: 0.12 (93% below median its 10-year median of 1.75)
  • GF Value™: $2.87 vs. price of $1.91 (33.4% below fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 89.5% below the Healthcare Providers & Services median (#22 of 359)

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


PetMed Express Business Description

Other Exchanges PQM:GermanyPQM:Germany
Address 420 South Congress Avenue, Suite 100, Delray Beach, FL, USA, 33445
PetMed Express Inc is a nationwide direct-to-consumer pet pharmacy and online provider of prescription and non-prescription medications, foods, supplements, supplies, and vet services for dogs, cats, and horses. It markets and sells directly to consumers through its websites, toll-free numbers, and mobile application, offering convenience, price, speed of delivery, and customer service. It provides access to branded pharmaceuticals, generic medications, compounded prescription medications, over-the-counter health and wellness products, prescription and non-prescription food, pharmacy fulfillment, and AutoShip capabilities. Its digital platform offers pet healthcare solutions for chronic conditions, including allergies, arthritis, anxiety, kidney-related conditions, and hyperthyroidism.
56GF 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.

$1.91
Price
$2.87
GF Value