Sonos (SONO) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

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

SONO Sonos Inc SONO
60 GF Score
Price $16.36
GF Value $15.14
Valuation Fairly Valued
! 3 Warning Signs
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What is Sonos Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sonos  (NAS:SONO) 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.


Sonos Cyclically Adjusted PS Ratio Related Terms


Sonos Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sonos'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.

Sonos Cyclically Adjusted PS Ratio Chart

Sonos Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.87 1.09

Sonos 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 0.75 1.12 1.25 0.94 0.93

SONO vs FXHO, TBCH, VUZI: Cyclically Adjusted PS Ratio Comparison

For the Consumer Electronics subindustry, Sonos'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.


Sonos Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Sonos's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SONO
60GF Score
Sonos Inc SONO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Sonos 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.

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

For example, Sonos'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)
=3.102/333.9520*333.9520
=3.102

Current CPI (Jun. 2026) = 333.9520.

Sonos Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.895 241.428 2.621
201612 3.789 241.432 5.241
201703 1.855 243.801 2.541
201706 2.267 244.955 3.091
201709 2.176 246.819 2.944
201712 4.766 246.524 6.456
201803 1.898 249.554 2.540
201806 3.469 251.989 4.597
201809 3.235 252.439 4.280
201812 4.428 251.233 5.886
201903 2.054 254.202 2.698
201906 2.465 256.143 3.214
201909 2.746 256.759 3.572
201912 4.747 256.974 6.169
202003 1.599 258.115 2.069
202006 2.277 257.797 2.950
202009 2.772 260.280 3.557
202012 4.942 260.474 6.336
202103 2.327 264.877 2.934
202106 2.626 271.696 3.228
202109 2.846 274.310 3.465
202112 4.669 278.802 5.593
202203 2.863 287.504 3.326
202206 2.907 296.311 3.276
202209 2.488 296.808 2.799
202212 5.115 296.797 5.755
202303 2.377 301.836 2.630
202306 2.910 305.109 3.185
202309 2.396 307.789 2.600
202312 4.836 306.746 5.265
202403 2.042 312.332 2.183
202406 3.121 314.175 3.317
202409 2.104 315.301 2.228
202412 4.416 315.605 4.673
202503 2.166 319.799 2.262
202506 2.863 322.561 2.964
202509 2.387 324.800 2.454
202512 4.377 324.054 4.511
202603 2.342 330.213 2.369
202606 3.102 333.952 3.102

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 Sonos (SONO) Overvalued in 2026?

Based on GuruFocus' analysis, Sonos stock appears to be overvalued. The current stock price of $16.36 is trading 8.1% above its estimated GF Value™ of $15.14. GuruFocus considers Sonos to be Fairly Valued.

Key valuation signals for SONO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $15.14 vs. price of $16.36 (8.1% above fair value)
  • GF Score™: 60/100 with 3 warning signs

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


Sonos Business Description

Other Exchanges 0ZFN:UK8SO:Germany
Address 301 Coromar Drive, Santa Barbara, CA, USA, 93117
Sonos Inc is an audio company dedicated to elevating life through sound, offering a connected platform that brings together music, movies, stories, and conversations. Its portfolio includes home theater speakers, components, plug-in and portable speakers and headphones, known for exceptional sound, thoughtful design, ease of use and seamless access to audio content. Its partner products and other revenue categories include accessories for home integration, such as custom-designed stands, mounts, and shelving units, along with partnerships for architectural speakers and automotive sound systems, as well as licensing, advertising revenue, and subscription-based services. The company operates in the United States and other countries, with the majority of revenue coming from the United States.
60GF Score

Get the complete analysis for SONO

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

$16.36
Price
$15.14
GF Value