United Parcel Service (PFTS:UPS) Cyclically Adjusted PS Ratio: (As of Aug. 23, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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 United Parcel Service 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


United Parcel Service  (PFTS:UPS) 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.


United Parcel Service Cyclically Adjusted PS Ratio Related Terms


United Parcel Service Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for United Parcel Service'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.

United Parcel Service Cyclically Adjusted PS Ratio Chart

United Parcel Service 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 2.50 1.82 1.55 1.18 0.89

United Parcel Service 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 0.92 0.75 0.89 0.86 0.93

PFTS:UPS vs FDX, JBHT, FDXF: Cyclically Adjusted PS Ratio Comparison

For the Integrated Freight & Logistics subindustry, United Parcel Service'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.


United Parcel Service Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, United Parcel Service's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where United Parcel Service's Cyclically Adjusted PS Ratio falls into.



United Parcel Service 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.

United Parcel Service's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, United Parcel Service'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)
=1200.339/333.9520*333.9520
=1,200.339

Current CPI (Jun. 2026) = 333.9520.

United Parcel Service Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 754.588 241.428 1,043.774
201612 895.470 241.432 1,238.626
201703 789.359 243.801 1,081.243
201706 813.357 244.955 1,108.866
201709 827.810 246.819 1,120.047
201712 973.457 246.524 1,318.687
201803 879.951 249.554 1,177.546
201806 897.588 251.989 1,189.541
201809 896.971 252.439 1,186.605
201812 1,020.584 251.233 1,356.613
201903 883.383 254.202 1,160.524
201906 929.096 256.143 1,211.329
201909 941.912 256.759 1,225.092
201912 1,058.824 256.974 1,376.001
202003 928.427 258.115 1,201.209
202006 1,053.213 257.797 1,364.339
202009 1,089.553 260.280 1,397.950
202012 1,274.294 260.474 1,633.764
202103 1,169.862 264.877 1,474.940
202106 1,193.488 271.696 1,466.962
202109 1,179.915 274.310 1,436.459
202112 1,414.974 278.802 1,694.871
202203 1,240.682 287.504 1,441.122
202206 1,264.746 296.311 1,425.409
202209 1,239.509 296.808 1,394.627
202212 1,386.849 296.797 1,560.464
202303 1,185.618 301.836 1,311.770
202306 1,145.923 305.109 1,254.251
202309 1,098.103 307.789 1,191.445
202312 1,300.668 306.746 1,416.027
202403 1,133.053 312.332 1,211.484
202406 1,138.900 314.175 1,210.593
202409 1,163.905 315.301 1,232.753
202412 1,322.255 315.605 1,399.121
202503 1,133.964 319.799 1,184.149
202506 1,120.815 322.561 1,160.396
202509 1,129.727 324.800 1,161.560
202512 1,283.796 324.054 1,323.009
202603 1,115.859 330.213 1,128.494
202606 1,200.339 333.952 1,200.339

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.


United Parcel Service Business Description

Address 55 Glenlake Parkway, N.E. Atlanta, Atlanta, GA, USA, 30328
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic US package operations generate around 65% of total revenue, while international package makes up 20%. Air and ocean freight forwarding and contract logistics make up the remainder.