Alimentation Couche-Tard (TSX:ATD) Cyclically Adjusted PS Ratio: 1.03 (As of Jul. 17, 2026) — Near Median

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TSX:ATD Alimentation Couche-Tard Inc TSX:ATD
94 GF Score
Price C$90.41
GF Value C$85.42
Valuation Fairly Valued
! 7 Warning Signs
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What is Alimentation Couche-Tard Cyclically Adjusted PS Ratio?

Alimentation Couche-Tard TSX:ATD +1.61% 94 Cyclically Adjusted PS Ratio is 1.03 as of Jul. 17, 2026, which is 3% above its 10-year median of 1.00. GuruFocus rates TSX:ATD with a GF Score™ of 94/100 and a GF Value™ of C$85.42 (Fairly Valued). The stock has 7 warning signs investors should review. Among 794 Retail - Cyclical companies, Alimentation Couche-Tard ranks worse than 69.27% on this metric.

As of today (2026-07-17), Alimentation Couche-Tard's current share price is C$90.41. Alimentation Couche-Tard's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was C$87.71. Alimentation Couche-Tard's Cyclically Adjusted PS Ratio for today is 1.03.

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

TSX:ATD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1   Max: 1.34
Current: 1.04

During the past years, Alimentation Couche-Tard's highest Cyclically Adjusted PS Ratio was 1.34. The lowest was 0.76. And the median was 1.00.

TSX:ATD's Cyclically Adjusted PS Ratio is ranked worse than
69.27% of 794 companies
in the Retail - Cyclical industry
Industry Median: 0.495 vs TSX:ATD: 1.04

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.

Alimentation Couche-Tard's adjusted revenue per share data for the three months ended in Apr. 2026 was C$29.115. 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 C$87.71 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alimentation Couche-Tard  (TSX:ATD) 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.


Alimentation Couche-Tard Cyclically Adjusted PS Ratio Related Terms


Alimentation Couche-Tard Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Alimentation Couche-Tard'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.

Alimentation Couche-Tard Cyclically Adjusted PS Ratio Chart

Alimentation Couche-Tard Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 1.04 1.06 0.91 0.92

Alimentation Couche-Tard Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.91 0.89 0.86 0.84 0.92

TSX:ATD vs CASY, WSM, DKS: Cyclically Adjusted PS Ratio Comparison

For the Specialty Retail subindustry, Alimentation Couche-Tard'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.


Alimentation Couche-Tard Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alimentation Couche-Tard's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Alimentation Couche-Tard's Cyclically Adjusted PS Ratio falls into.


TSX:ATD
94GF Score
Alimentation Couche-Tard Inc TSX:ATD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alimentation Couche-Tard 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.

Alimentation Couche-Tard's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=90.41/87.71
=1.03

* 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.

Alimentation Couche-Tard's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Alimentation Couche-Tard's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=29.115/132.7364*132.7364
=29.115

Current CPI (Apr. 2026) = 132.7364.

Alimentation Couche-Tard Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 9.654 101.844 12.582
201610 9.829 102.002 12.791
201701 13.218 102.318 17.148
201704 11.355 103.029 14.629
201707 10.974 103.029 14.138
201710 13.445 103.424 17.256
201801 17.371 104.056 22.159
201804 15.344 105.320 19.338
201807 17.187 106.110 21.500
201810 16.920 105.952 21.197
201901 19.436 105.557 24.440
201904 15.519 107.453 19.171
201907 16.420 108.243 20.135
201910 16.008 107.927 19.688
202001 19.329 108.085 23.737
202004 12.177 107.216 15.075
202007 11.762 108.401 14.402
202010 12.638 108.638 15.441
202101 15.085 109.192 18.338
202104 14.040 110.851 16.812
202107 15.836 112.431 18.696
202110 16.486 113.695 19.247
202201 22.085 114.801 25.535
202204 19.800 118.357 22.206
202207 23.496 120.964 25.783
202210 22.591 121.517 24.677
202301 26.760 121.596 29.212
202304 22.240 123.571 23.890
202307 21.061 124.914 22.380
202310 23.265 125.310 24.644
202401 27.328 125.072 29.003
202404 24.994 126.890 26.146
202407 26.184 128.075 27.137
202410 25.234 127.838 26.201
202501 31.704 127.443 33.021
202504 23.983 129.102 24.658
202507 25.037 130.290 25.507
202510 26.569 130.603 27.003
202601 32.481 130.366 33.072
202604 29.115 132.736 29.115

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 1.03 mean?
Alimentation Couche-Tard (TSX:ATD) has a Cyclically Adjusted PS Ratio of 1.03 as of Jul. 17, 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 Alimentation Couche-Tard and its competitors. This is near median its historical median of 1.00. Over the past decade, Alimentation Couche-Tard's Cyclically Adjusted PS Ratio has ranged from 0.76 to 1.34. According to the industry distribution chart, Alimentation Couche-Tard ranks #550 out of 794 companies in the Retail - Cyclical industry, placing it in the top 69.3%.
Is Alimentation Couche-Tard's Cyclically Adjusted PS Ratio too high?
Alimentation Couche-Tard's current Cyclically Adjusted PS Ratio of 1.03 is near median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 1.34. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. Alimentation Couche-Tard's value of 1.03 is 108.1% above this industry median. Based on the distribution chart, Alimentation Couche-Tard ranks #550 out of 794 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Alimentation Couche-Tard has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alimentation Couche-Tard's Cyclically Adjusted PS Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Alimentation Couche-Tard ranks #550 out of 794 companies for Cyclically Adjusted PS Ratio. This places Alimentation Couche-Tard in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. Alimentation Couche-Tard's value of 1.03 is 108.1% above this benchmark. Historically, Alimentation Couche-Tard's own Cyclically Adjusted PS Ratio has ranged from 0.76 to 1.34 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.50, Alimentation Couche-Tard 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 794 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. Alimentation Couche-Tard's current Cyclically Adjusted PS Ratio of 1.03 is 108.1% 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 Alimentation Couche-Tard and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alimentation Couche-Tard's current Cyclically Adjusted PS Ratio is 1.03, which is near median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alimentation Couche-Tard stock overvalued right now?
Based on GuruFocus' analysis, Alimentation Couche-Tard (TSX:ATD) is currently considered Fairly Valued. The stock's GF Value™ is C$85.42, compared to a current price of C$90.41 — trading 5.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.03, which is near median its 10-year median of 1.00 and 108.1% above the Retail - Cyclical industry median of 0.50. Alimentation Couche-Tard's overall GF Score™ is 94/100 with 7 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 Alimentation Couche-Tard (TSX:ATD), the current Cyclically Adjusted PS Ratio is 1.03 as of Jul. 17, 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 Alimentation Couche-Tard (TSX:ATD) Overvalued in 2026?

Based on GuruFocus' analysis, Alimentation Couche-Tard stock appears to be overvalued. The current stock price of C$90.41 is trading 5.8% above its estimated GF Value™ of C$85.42. GuruFocus considers Alimentation Couche-Tard to be Fairly Valued.

Key valuation signals for TSX:ATD:

  • Cyclically Adjusted PS Ratio: 1.03 (near median its 10-year median of 1.00)
  • GF Value™: C$85.42 vs. price of C$90.41 (5.8% above fair value)
  • GF Score™: 94/100 with 7 warning signs
  • Industry Position: 108.1% above the Retail - Cyclical median (#550 of 794)

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


Alimentation Couche-Tard Business Description

Other Exchanges ANCTF:USACJA0:Germany
Address 4204 Boulevard Industriel, Laval, QC, CAN, H7L 0E3
Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Europe, and Asia. The company generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates stores under the Circle K banner in other countries such as Indonesia, Egypt, Macau, and others. Its operation is geographically divided into the U.S., Europe and other regions, and Canada. Revenue from external customers falls mainly into three categories: merchandise and services, road transportation fuel, and others. The company generates the majority of its revenue from the United States.
94GF Score

Get the complete analysis for TSX:ATD

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

C$90.41
Price
C$85.42
GF Value