SalMar ASA (STU:JEPA) Cyclically Adjusted PS Ratio: (As of Aug. 25, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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STU:JEPA SalMar ASA STU:JEPA
89 GF Score
Price €12.00
GF Value €13.96
! 6 Warning Signs
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What is SalMar ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SalMar ASA  (STU:JEPA) 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.


SalMar ASA Cyclically Adjusted PS Ratio Related Terms


SalMar ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for SalMar ASA'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.

SalMar ASA Cyclically Adjusted PS Ratio Chart

SalMar ASA 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 6.43 3.43 4.33 3.71 3.81

SalMar ASA 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 2.85 3.38 3.81 3.39 0.00

STU:JEPA vs ADM, BG, TSN: Cyclically Adjusted PS Ratio Comparison

For the Farm Products subindustry, SalMar ASA'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.


SalMar ASA Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

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


STU:JEPA
89GF Score
SalMar ASA STU:JEPA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SalMar ASA 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.

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

For example, SalMar ASA'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)
=1.268/141.5800*141.5800
=1.268

Current CPI (Jun. 2026) = 141.5800.

SalMar ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.546 104.200 0.742
201612 0.593 104.400 0.804
201703 0.593 105.000 0.800
201706 0.685 105.800 0.917
201709 0.636 105.900 0.850
201712 0.613 106.100 0.818
201803 0.585 107.300 0.772
201806 0.688 108.500 0.898
201809 0.637 109.500 0.824
201812 0.689 109.800 0.888
201903 0.675 110.400 0.866
201906 0.748 110.600 0.958
201909 0.623 111.100 0.794
201912 0.696 111.300 0.885
202003 0.709 111.200 0.903
202006 0.682 112.100 0.861
202009 0.600 112.900 0.752
202012 0.624 112.900 0.783
202103 0.694 114.600 0.857
202106 0.680 115.300 0.835
202109 0.837 117.500 1.009
202112 0.962 118.900 1.146
202203 1.021 119.800 1.207
202206 0.860 122.600 0.993
202209 1.010 125.600 1.139
202212 1.194 125.900 1.343
202303 1.145 127.600 1.270
202306 0.955 130.400 1.037
202309 1.240 129.800 1.353
202312 1.322 131.900 1.419
202403 1.065 132.600 1.137
202406 0.968 133.800 1.024
202409 0.989 133.700 1.047
202412 1.269 134.800 1.333
202503 0.845 136.100 0.879
202506 0.995 137.800 1.022
202509 1.249 138.500 1.277
202512 1.276 139.100 1.299
202603 1.070 141.030 1.074
202606 1.268 141.580 1.268

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 SalMar ASA (STU:JEPA) Overvalued in 2026?

Based on GuruFocus' analysis, SalMar ASA stock appears to be undervalued. The current stock price of €12.00 is trading 14% below its estimated GF Value™ of €13.96.

Key valuation signals for STU:JEPA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €13.96 vs. price of €12.00 (14% below fair value)
  • GF Score™: 89/100 with 6 warning signs

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


SalMar ASA Business Description

Address Industriveien 51, Kverva, NOR, 7266
SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make them more convenient for customers. The salmon are sold through an in-house salesforce and close partners of the company. Proximity to customers and tracking the use of resources play a factor in delivering the raw material.
89GF Score

Get the complete analysis for STU:JEPA

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

€12.00
Price
€13.96
GF Value