Ingredion (STU:CNP) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:CNP Ingredion Inc STU:CNP
77 GF Score
Price €84.45
GF Value €98.10
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Ingredion Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ingredion  (STU:CNP) 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.


Ingredion Cyclically Adjusted PS Ratio Related Terms


Ingredion Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ingredion'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.

Ingredion Cyclically Adjusted PS Ratio Chart

Ingredion 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 1.07 1.04 1.03 1.32 0.91

Ingredion 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 1.12 1.00 0.91 0.93 0.78

STU:CNP vs CPB, PPC, LW: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Ingredion'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.


Ingredion Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ingredion's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:CNP
77GF Score
Ingredion Inc STU:CNP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ingredion 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.

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

For example, Ingredion'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)
=24.9/333.9520*333.9520
=24.900

Current CPI (Jun. 2026) = 333.9520.

Ingredion Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 17.957 241.428 24.839
201612 17.464 241.432 24.156
201703 18.498 243.801 25.338
201706 18.087 244.955 24.658
201709 17.261 246.819 23.355
201712 16.952 246.524 22.964
201803 16.240 249.554 21.732
201806 17.247 251.989 22.857
201809 17.339 252.439 22.938
201812 18.085 251.233 24.040
201903 20.070 254.202 26.366
201906 18.935 256.143 24.687
201909 19.443 256.759 25.288
201912 20.727 256.974 26.936
202003 20.658 258.115 26.728
202006 18.121 257.797 23.474
202009 19.022 260.280 24.406
202012 19.766 260.474 25.342
202103 19.911 264.877 25.103
202106 21.542 271.696 26.478
202109 22.124 274.310 26.934
202112 22.713 278.802 27.206
202203 24.949 287.504 28.980
202206 28.584 296.311 32.215
202209 30.156 296.808 33.930
202212 29.223 296.797 32.881
202303 29.683 301.836 32.841
202306 28.247 305.109 30.917
202309 27.892 307.789 30.263
202312 26.908 306.746 29.295
202403 25.958 312.332 27.755
202406 26.114 314.175 27.758
202409 25.598 315.301 27.112
202412 25.375 315.605 26.850
202503 26.260 319.799 27.422
202506 24.652 322.561 25.523
202509 23.761 324.800 24.431
202512 23.440 324.054 24.156
202603 23.933 330.213 24.204
202606 24.900 333.952 24.900

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 Ingredion (STU:CNP) Overvalued in 2026?

Based on GuruFocus' analysis, Ingredion stock appears to be undervalued. The current stock price of €84.45 is trading 13.9% below its estimated GF Value™ of €98.10. GuruFocus considers Ingredion to be Modestly Undervalued.

Key valuation signals for STU:CNP:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €98.10 vs. price of €84.45 (13.9% below fair value)
  • GF Score™: 77/100 with 2 warning signs

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


Ingredion Business Description

Address 5 Westbrook Corporate Center, Westchester, IL, USA, 60154
Ingredion is an ingredients provider for the food, beverage, brewing, and animal nutrition industries. The company processes corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company sells specialty ingredients that include starch-based texturizers and natural alternative sweeteners such as stevia. Ingredion also sells commodity ingredients that include sweeteners, such as high-fructose corn syrup, and starches, such as those used for sustainable packaging, as well as plant-based proteins. The company plans to acquire Tate & Lyle in an all-cash deal that should close in 2027.
77GF Score

Get the complete analysis for STU:CNP

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

€84.45
Price
€98.10
GF Value