ROYUF (Royal Unibrew AS) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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

ROYUF Royal Unibrew AS ROYUF
93 GF Score
Price $68.10
GF Value $86.89
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  (OTCPK:ROYUF) 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 5.21 2.74 2.55 2.61 2.26

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 2.45 2.30 2.25 2.20 1.88

ROYUF 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.


ROYUF
93GF Score
Royal Unibrew AS ROYUF
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)
=14.105/122.9500*122.9500
=14.105

Current CPI (Jun. 2026) = 122.9500.

Royal Unibrew AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.857 100.200 5.960
201612 4.012 100.300 4.918
201703 3.702 101.200 4.498
201706 5.203 101.200 6.321
201709 5.155 101.800 6.226
201712 4.683 101.300 5.684
201803 4.717 101.700 5.703
201806 6.530 102.300 7.848
201809 6.463 102.400 7.760
201812 5.113 102.100 6.157
201903 4.636 102.900 5.539
201906 6.867 102.900 8.205
201909 6.399 102.900 7.646
201912 5.382 102.900 6.431
202003 4.438 103.300 5.282
202006 6.043 103.200 7.199
202009 7.116 103.500 8.453
202012 5.109 103.400 6.075
202103 5.338 104.300 6.292
202106 7.739 105.000 9.062
202109 7.981 105.800 9.275
202112 7.633 106.600 8.804
202203 6.802 109.900 7.610
202206 9.327 113.600 10.095
202209 9.049 116.400 9.558
202212 7.783 115.900 8.256
202303 7.413 117.300 7.770
202306 10.584 116.400 11.180
202309 9.793 117.400 10.256
202312 9.920 116.700 10.451
202403 9.304 118.400 9.662
202406 12.053 118.500 12.506
202409 12.011 118.900 12.420
202412 10.211 118.900 10.559
202503 9.036 120.200 9.243
202506 13.483 120.700 13.734
202509 13.517 121.600 13.667
202512 12.016 121.180 12.192
202603 10.582 121.670 10.693
202606 14.105 122.950 14.105

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 (ROYUF) Overvalued in 2026?

Based on GuruFocus' analysis, Royal Unibrew AS stock appears to be undervalued. The current stock price of $68.10 is trading 21.6% below its estimated GF Value™ of $86.89. GuruFocus considers Royal Unibrew AS to be Modestly Undervalued.

Key valuation signals for ROYUF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $86.89 vs. price of $68.10 (21.6% below fair value)
  • GF Score™: 93/100 with 5 warning signs

No single metric tells the full story. See the ROYUF 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.
93GF Score

Get the complete analysis for ROYUF

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

$68.10
Price
$86.89
GF Value