Shake Shack (STU:9SH) Cyclically Adjusted PS Ratio: (As of Aug. 06, 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.

STU:9SH Shake Shack Inc STU:9SH
74 GF Score
Price €61.20
GF Value €93.85
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Shake Shack Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shake Shack  (STU:9SH) 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.


Shake Shack Cyclically Adjusted PS Ratio Related Terms


Shake Shack Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shake Shack'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.

Shake Shack Cyclically Adjusted PS Ratio Chart

Shake Shack 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 0.00 0.00 2.77 6.12 3.47

Shake Shack 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 6.29 4.09 3.47 3.63 0.00

STU:9SH vs ARCO, BJRI, WEN: Cyclically Adjusted PS Ratio Comparison

For the Restaurants subindustry, Shake Shack'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.


Shake Shack Cyclically Adjusted PS Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Shake Shack's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:9SH
74GF Score
Shake Shack Inc STU:9SH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shake Shack 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.

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

For example, Shake Shack'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)
=8.658/333.9520*333.9520
=8.658

Current CPI (Jun. 2026) = 333.9520.

Shake Shack Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.706 241.428 3.743
201612 2.737 241.432 3.786
201703 2.765 243.801 3.787
201706 3.089 244.955 4.211
201709 2.998 246.819 4.056
201712 3.088 246.524 4.183
201803 2.889 249.554 3.866
201806 3.462 251.989 4.588
201809 3.431 252.439 4.539
201812 3.610 251.233 4.799
201903 3.862 254.202 5.074
201906 4.358 256.143 5.682
201909 4.352 256.759 5.660
201912 3.930 256.974 5.107
202003 3.762 258.115 4.867
202006 2.185 257.797 2.830
202009 2.894 260.280 3.713
202012 3.362 260.474 4.310
202103 3.048 264.877 3.843
202106 3.553 271.696 4.367
202109 4.211 274.310 5.127
202112 4.596 278.802 5.505
202203 4.716 287.504 5.478
202206 5.565 296.311 6.272
202209 5.859 296.808 6.592
202212 5.732 296.797 6.450
202303 6.014 301.836 6.654
202306 5.717 305.109 6.257
202309 5.885 307.789 6.385
202312 5.973 306.746 6.503
202403 6.478 312.332 6.926
202406 7.088 314.175 7.534
202409 7.137 315.301 7.559
202412 7.082 315.605 7.494
202503 7.090 319.799 7.404
202506 7.390 322.561 7.651
202509 7.476 324.800 7.687
202512 8.177 324.054 8.427
202603 7.874 330.213 7.963
202606 8.658 333.952 8.658

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 Shake Shack (STU:9SH) Overvalued in 2026?

Based on GuruFocus' analysis, Shake Shack stock appears to be undervalued. The current stock price of €61.20 is trading 34.8% below its estimated GF Value™ of €93.85. GuruFocus considers Shake Shack to be Significantly Undervalued.

Key valuation signals for STU:9SH:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €93.85 vs. price of €61.20 (34.8% below fair value)
  • GF Score™: 74/100 with 2 warning signs

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


Shake Shack Business Description

Other Exchanges SHAK:USASHAK:Mexico0L5R:UK
Address 225 Varick Street, Suite 301, New York, NY, USA, 10014
Shake Shack Inc is a roadside burger stand. It serves a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine, and more. The company's burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order, and served on a non-genetically modified organism (GMO) potato bun. Its menu focuses on food and beverages, crafted from a range of classic American foods. The company serves draft Root Beer, seasonal freshly-squeezed lemonade, organic fresh-brewed iced tea, cold brew coffee, organic apple juice, and Shack20 bottled water. Geographically, the company generates the majority of its revenue from the United States.
74GF Score

Get the complete analysis for STU:9SH

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

€61.20
Price
€93.85
GF Value