Tesco (TSCDF) Cyclically Adjusted PS Ratio: 0.44 (As of Jul. 02, 2026) — 52% Above Median


TSCDF Tesco PLC TSCDF
80 GF Score
Price $6.28
GF Value $5.50
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Tesco Cyclically Adjusted PS Ratio?

Tesco TSCDF -0.48% 80 Cyclically Adjusted PS Ratio is 0.44 as of Jul. 02, 2026, which is 52% above its 10-year median of 0.29. GuruFocus rates TSCDF with a GF Score™ of 80/100 and a GF Value™ of $5.50 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 236 Retail - Defensive companies, Tesco ranks worse than 50.42% on this metric.

As of today (2026-07-02), Tesco's current share price is $6.28. Tesco's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Feb26 was $14.25. Tesco's Cyclically Adjusted PS Ratio for today is 0.44.

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

TSCDF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.29   Max: 0.49
Current: 0.45

During the past 13 years, Tesco's highest Cyclically Adjusted PS Ratio was 0.49. The lowest was 0.20. And the median was 0.29.

TSCDF's Cyclically Adjusted PS Ratio is ranked worse than
50.42% of 236 companies
in the Retail - Defensive industry
Industry Median: 0.445 vs TSCDF: 0.45

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.

Tesco's adjusted revenue per share data of for the fiscal year that ended in Feb26 was $15.161. 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 $14.25 for the trailing ten years ended in Feb26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tesco  (OTCPK:TSCDF) 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.


Tesco Cyclically Adjusted PS Ratio Related Terms


Tesco Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tesco'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.

Tesco Cyclically Adjusted PS Ratio Chart

Tesco Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.26 0.28 0.38 0.47

Tesco Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.28 0.00 0.38 0.00 0.47

TSCDF vs KR, SFM: Cyclically Adjusted PS Ratio Comparison

For the Grocery Stores subindustry, Tesco'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.


Tesco Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Tesco's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSCDF
80GF Score
Tesco PLC TSCDF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tesco 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.

Tesco's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.28/14.25
=0.44

* 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.

Tesco's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Feb26 is calculated as:

For example, Tesco's adjusted Revenue per Share data for the fiscal year that ended in Feb26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb26 (Change)*Current CPI (Feb26)
=15.161/140.0000*140.0000
=15.161

Current CPI (Feb26) = 140.0000.

Tesco Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201702 10.839 102.400 14.819
201802 12.416 104.900 16.570
201902 10.802 106.800 14.160
202002 9.742 108.600 12.559
202102 8.315 109.400 10.641
202202 10.716 115.400 13.000
202302 10.544 126.000 11.716
202402 11.998 130.800 12.842
202502 12.681 135.600 13.092
202602 15.161 140.000 15.161

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 0.44 mean?
Tesco (TSCDF) has a Cyclically Adjusted PS Ratio of 0.44 as of Jul. 02, 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 Tesco and its competitors. This is 52% above median its historical median of 0.29. Over the past decade, Tesco's Cyclically Adjusted PS Ratio has ranged from 0.20 to 0.49. According to the industry distribution chart, Tesco ranks #119 out of 236 companies in the Retail - Defensive industry, placing it in the top 50.4%.
Is Tesco's Cyclically Adjusted PS Ratio too high?
Tesco's current Cyclically Adjusted PS Ratio of 0.44 is 52% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.49. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.45. Tesco's value of 0.44 is 1.1% below this industry median. Based on the distribution chart, Tesco ranks #119 out of 236 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Tesco has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tesco's Cyclically Adjusted PS Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Tesco ranks #119 out of 236 companies for Cyclically Adjusted PS Ratio. This places Tesco in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Tesco's value of 0.44 is 1.1% below this benchmark. Historically, Tesco's own Cyclically Adjusted PS Ratio has ranged from 0.20 to 0.49 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.45, Tesco has consistently been below 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 Retail - Defensive company?
The median Cyclically Adjusted PS Ratio among Retail - Defensive companies is 0.45, based on 236 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. Tesco's current Cyclically Adjusted PS Ratio of 0.44 is 1.1% below 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 Tesco and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tesco's current Cyclically Adjusted PS Ratio is 0.44, which is 52% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tesco stock overvalued right now?
Based on GuruFocus' analysis, Tesco (TSCDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.50, compared to a current price of $6.28 — trading 14.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.44, which is 52% above median its 10-year median of 0.29 and 1.1% below the Retail - Defensive industry median of 0.45. Tesco's overall GF Score™ is 80/100 with 4 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 Tesco (TSCDF), the current Cyclically Adjusted PS Ratio is 0.44 as of Jul. 02, 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 Tesco (TSCDF) Overvalued in 2026?

Based on GuruFocus' analysis, Tesco stock appears to be overvalued. The current stock price of $6.28 is trading 14.2% above its estimated GF Value™ of $5.50. GuruFocus considers Tesco to be Modestly Overvalued.

Key valuation signals for TSCDF:

  • Cyclically Adjusted PS Ratio: 0.44 (52% above median its 10-year median of 0.29)
  • GF Value™: $5.50 vs. price of $6.28 (14.2% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 1.1% below the Retail - Defensive median (#119 of 236)

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


Tesco Business Description

Address Kestrel Way, Tesco House, Shire Park, Welwyn Garden, GBR, AL7 1GA
Tesco is a large food retailer, operating thousands of stores in the United Kingdom, Ireland, and Central Europe. The majority of Tesco's sales are from the UK, where the firm has over 24% market share, more than double the second-largest peer, Sainsbury's, according to Euromonitor. Tesco also holds 30% e-grocery market share in the UK, holding a dominant position online. Tesco gained exposure to the cash-and-carry and out-of-home delivery industries with the GBP 4 billion acquisition of Booker in 2018.
80GF Score

Get the complete analysis for TSCDF

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

$6.28
Price
$5.50
GF Value