Mullen Group (STU:9MU) Cyclically Adjusted PS Ratio: 1.50 (As of Aug. 03, 2026) — 69% Above Median

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STU:9MU Mullen Group Ltd STU:9MU
80 GF Score
Price €16.70
GF Value €10.04
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Mullen Group Cyclically Adjusted PS Ratio?

Mullen Group STU:9MU +0.60% 80 Cyclically Adjusted PS Ratio is 1.50 as of Aug. 03, 2026, which is 69% above its 10-year median of 0.89. GuruFocus rates STU:9MU with a GF Score™ of 80/100 and a GF Value™ of €10.04 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 763 Transportation companies, Mullen Group ranks worse than 64.61% on this metric.

As of today (2026-08-03), Mullen Group's current share price is €16.70. Mullen Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €11.13. Mullen Group's Cyclically Adjusted PS Ratio for today is 1.50.

The historical rank and industry rank for Mullen Group's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:9MU' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.89   Max: 1.56
Current: 1.49

During the past years, Mullen Group's highest Cyclically Adjusted PS Ratio was 1.56. The lowest was 0.28. And the median was 0.89.

STU:9MU's Cyclically Adjusted PS Ratio is ranked worse than
64.61% of 763 companies
in the Transportation industry
Industry Median: 0.9 vs STU:9MU: 1.49

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Mullen Group's adjusted revenue per share data for the three months ended in Jun. 2026 was €3.875. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €11.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mullen Group  (STU:9MU) 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.


Mullen Group Cyclically Adjusted PS Ratio Related Terms


Mullen Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mullen Group'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.

Mullen Group Cyclically Adjusted PS Ratio Chart

Mullen Group 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 0.79 0.93 0.87 0.88 0.90

Mullen Group 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 0.83 0.80 0.90 0.95 1.18

STU:9MU vs ODFL, XPO, KNX: Cyclically Adjusted PS Ratio Comparison

For the Trucking subindustry, Mullen Group'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.


Mullen Group Cyclically Adjusted PS Ratio vs Transportation Industry

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

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


STU:9MU
80GF Score
Mullen Group Ltd STU:9MU
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mullen Group 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.

Mullen Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16.70/11.13
=1.50

* 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.

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

For example, Mullen Group'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)
=3.875/133.5265*133.5265
=3.875

Current CPI (Jun. 2026) = 133.5265.

Mullen Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.696 101.765 2.225
201612 1.766 101.449 2.324
201703 1.919 102.634 2.497
201706 1.767 103.029 2.290
201709 1.850 103.345 2.390
201712 1.890 103.345 2.442
201803 1.767 105.004 2.247
201806 1.843 105.557 2.331
201809 2.131 105.636 2.694
201812 2.080 105.399 2.635
201903 2.018 106.979 2.519
201906 2.027 107.690 2.513
201909 2.128 107.611 2.640
201912 2.051 107.769 2.541
202003 1.971 107.927 2.439
202006 1.648 108.401 2.030
202009 1.738 108.164 2.146
202012 1.973 108.559 2.427
202103 2.005 110.298 2.427
202106 2.203 111.720 2.633
202109 3.025 112.905 3.578
202112 3.201 113.774 3.757
202203 3.477 117.646 3.946
202206 3.762 120.806 4.158
202209 3.848 120.648 4.259
202212 3.423 120.964 3.778
202303 3.339 122.702 3.634
202306 3.463 124.203 3.723
202309 3.565 125.230 3.801
202312 3.493 125.072 3.729
202403 3.233 126.258 3.419
202406 3.460 127.522 3.623
202409 3.647 127.285 3.826
202412 3.445 127.364 3.612
202503 3.647 129.181 3.770
202506 3.546 129.892 3.645
202509 3.581 130.287 3.670
202512 3.488 130.366 3.573
202603 3.585 132.262 3.619
202606 3.875 133.527 3.875

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.

What does a Cyclically Adjusted PS Ratio of 1.50 mean?
Mullen Group (STU:9MU) has a Cyclically Adjusted PS Ratio of 1.50 as of Aug. 03, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Mullen Group and its competitors. This is 69% above median its historical median of 0.89. Over the past decade, Mullen Group's Cyclically Adjusted PS Ratio has ranged from 0.28 to 1.56. According to the industry distribution chart, Mullen Group ranks #493 out of 763 companies in the Transportation industry, placing it in the top 64.6%.
Is Mullen Group's Cyclically Adjusted PS Ratio too high?
Mullen Group's current Cyclically Adjusted PS Ratio of 1.50 is 69% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.56. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. Mullen Group's value of 1.50 is 66.7% above this industry median. Based on the distribution chart, Mullen Group ranks #493 out of 763 companies in the Transportation industry, which is below the industry midpoint. Overall, Mullen Group has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mullen Group's Cyclically Adjusted PS Ratio compare to ODFL and XPO?
According to the Transportation industry distribution chart, Mullen Group ranks #493 out of 763 companies for Cyclically Adjusted PS Ratio. This places Mullen Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Mullen Group's value of 1.50 is 66.7% above this benchmark. Historically, Mullen Group's own Cyclically Adjusted PS Ratio has ranged from 0.28 to 1.56 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.90, Mullen Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 763 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mullen Group's current Cyclically Adjusted PS Ratio of 1.50 is 66.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Mullen Group and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mullen Group's current Cyclically Adjusted PS Ratio is 1.50, which is 69% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullen Group stock overvalued right now?
Based on GuruFocus' analysis, Mullen Group (STU:9MU) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.04, compared to a current price of €16.70 — trading 66.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.50, which is 69% above median its 10-year median of 0.89 and 66.7% above the Transportation industry median of 0.90. Mullen Group's overall GF Score™ is 80/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Mullen Group (STU:9MU), the current Cyclically Adjusted PS Ratio is 1.50 as of Aug. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mullen Group (STU:9MU) Overvalued in 2026?

Based on GuruFocus' analysis, Mullen Group stock appears to be overvalued. The current stock price of €16.70 is trading 66.3% above its estimated GF Value™ of €10.04. GuruFocus considers Mullen Group to be Significantly Overvalued.

Key valuation signals for STU:9MU:

  • Cyclically Adjusted PS Ratio: 1.50 (69% above median its 10-year median of 0.89)
  • GF Value™: €10.04 vs. price of €16.70 (66.3% above fair value)
  • GF Score™: 80/100 with 9 warning signs
  • Industry Position: 66.7% above the Transportation median (#493 of 763)

No single metric tells the full story. See the STU:9MU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mullen Group Business Description

Other Exchanges MLLGF:USAMTL:Canada
Address 121A 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3
Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings, including less-than-truckload, truckload, Specialized & Industrial Services, warehousing and logistics, U.S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.
80GF Score

Get the complete analysis for STU:9MU

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

€16.70
Price
€10.04
GF Value