United Parcel Service (PFTS:UPS) Cyclically Adjusted PS Ratio: (As of Jul. 21, 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
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 1.01 0.92 0.75 0.89 0.86

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 Mar. 2026 is calculated as:

For example, United Parcel Service'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)
=1117.048/330.2130*330.2130
=1,117.048

Current CPI (Mar. 2026) = 330.2130.

United Parcel Service Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 736.103 241.018 1,008.517
201609 755.392 241.428 1,033.187
201612 896.424 241.432 1,226.063
201703 790.200 243.801 1,070.276
201706 814.224 244.955 1,097.619
201709 828.692 246.819 1,108.686
201712 974.494 246.524 1,305.311
201803 880.888 249.554 1,165.602
201806 898.544 251.989 1,177.476
201809 897.926 252.439 1,174.568
201812 1,021.672 251.233 1,342.855
201903 884.324 254.202 1,148.753
201906 930.086 256.143 1,199.043
201909 942.915 256.759 1,212.666
201912 1,059.952 256.974 1,362.044
202003 929.416 258.115 1,189.025
202006 1,054.335 257.797 1,350.501
202009 1,090.714 260.280 1,383.771
202012 1,275.652 260.474 1,617.194
202103 1,171.108 264.877 1,459.980
202106 1,194.759 271.696 1,452.082
202109 1,181.173 274.310 1,421.890
202112 1,416.482 278.802 1,677.681
202203 1,242.004 287.504 1,426.505
202206 1,266.093 296.311 1,410.951
202209 1,240.830 296.808 1,380.482
202212 1,388.327 296.797 1,544.637
202303 1,186.881 301.836 1,298.465
202306 1,147.144 305.109 1,241.530
202309 1,099.273 307.789 1,179.361
202312 1,302.054 306.746 1,401.665
202403 1,134.261 312.332 1,199.197
202406 1,140.113 314.175 1,198.313
202409 1,165.146 315.301 1,220.251
202412 1,323.664 315.605 1,384.931
202503 1,135.172 319.799 1,172.138
202506 1,122.009 322.561 1,148.626
202509 1,130.931 324.800 1,149.779
202512 1,285.164 324.054 1,309.590
202603 1,117.048 330.213 1,117.048

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.