Meta Platforms (PFTS:META) Cyclically Adjusted PS Ratio: (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Meta Platforms Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meta Platforms  (PFTS:META) 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.


Meta Platforms Cyclically Adjusted PS Ratio Related Terms


Meta Platforms Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Meta Platforms'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.

Meta Platforms Cyclically Adjusted PS Ratio Chart

Meta Platforms 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 20.02 5.48 12.90 17.25 15.78

Meta Platforms 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 16.07 19.51 18.42 15.78 12.84

PFTS:META vs SPOT, NBIS, BIDU: Cyclically Adjusted PS Ratio Comparison

For the Internet Content & Information subindustry, Meta Platforms'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.


Meta Platforms Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Meta Platforms's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Meta Platforms 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.

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

For example, Meta Platforms'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)
=983.963/330.2130*330.2130
=983.963

Current CPI (Mar. 2026) = 330.2130.

Meta Platforms Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 98.716 241.018 135.248
201609 107.169 241.428 146.580
201612 133.967 241.432 183.230
201703 122.233 243.801 165.557
201706 141.513 244.955 190.767
201709 156.536 246.819 209.426
201712 196.212 246.524 262.821
201803 182.040 249.554 240.878
201806 202.315 251.989 265.119
201809 211.125 252.439 276.171
201812 262.121 251.233 344.524
201903 235.444 254.202 305.846
201906 263.143 256.143 339.237
201909 275.176 256.759 353.899
201912 328.075 256.974 421.578
202003 277.080 258.115 354.475
202006 290.805 257.797 372.493
202009 332.727 260.280 422.125
202012 433.241 260.474 549.236
202103 406.846 264.877 507.201
202106 452.807 271.696 550.331
202109 454.608 274.310 547.255
202112 537.233 278.802 636.299
202203 456.000 287.504 523.739
202206 475.968 296.311 530.425
202209 462.099 296.808 514.107
202212 542.983 296.797 604.117
202303 494.365 301.836 540.843
202306 548.866 305.109 594.026
202309 579.262 307.789 621.464
202312 678.911 306.746 730.850
202403 622.202 312.332 657.823
202406 670.683 314.175 704.920
202409 699.421 315.301 732.500
202412 830.247 315.605 868.676
202503 731.961 319.799 755.797
202506 828.343 322.561 847.993
202509 892.604 324.800 907.480
202512 1,047.371 324.054 1,067.277
202603 983.963 330.213 983.963

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.


Meta Platforms Business Description

Address 1 Meta Way, Menlo Park, CA, USA, 94025
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.