Cargojet (TSX:CJT) Cyclically Adjusted PS Ratio: 1.70 (As of Jul. 29, 2026) — 39% Below Median

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TSX:CJT Cargojet Inc TSX:CJT
83 GF Score
Price C$86.11
GF Value C$133.75
Valuation Possible Value Trap
! 11 Warning Signs
View Full Analysis

What is Cargojet Cyclically Adjusted PS Ratio?

Cargojet TSX:CJT +1.23% 83 Cyclically Adjusted PS Ratio is 1.70 as of Jul. 29, 2026, which is 39% below its 10-year median of 2.79. GuruFocus rates TSX:CJT with a GF Score™ of 83/100 and a GF Value™ of C$133.75 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 763 Transportation companies, Cargojet ranks worse than 68.15% on this metric.

As of today (2026-07-29), Cargojet's current share price is C$86.11. Cargojet's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$50.77. Cargojet's Cyclically Adjusted PS Ratio for today is 1.70.

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

TSX:CJT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.35   Med: 2.79   Max: 8.07
Current: 1.68

During the past years, Cargojet's highest Cyclically Adjusted PS Ratio was 8.07. The lowest was 1.35. And the median was 2.79.

TSX:CJT's Cyclically Adjusted PS Ratio is ranked worse than
68.15% of 763 companies
in the Transportation industry
Industry Median: 0.9 vs TSX:CJT: 1.68

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.

Cargojet's adjusted revenue per share data for the three months ended in Mar. 2026 was C$16.980. 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$50.77 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cargojet  (TSX:CJT) 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.


Cargojet Cyclically Adjusted PS Ratio Related Terms


Cargojet Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Cargojet'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.

Cargojet Cyclically Adjusted PS Ratio Chart

Cargojet 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 4.88 3.00 2.84 2.36 1.70

Cargojet Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.75 1.98 1.90 1.70 1.58

TSX:CJT vs UPS, FDX, JBHT: Cyclically Adjusted PS Ratio Comparison

For the Integrated Freight & Logistics subindustry, Cargojet'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.


Cargojet Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Cargojet's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:CJT
83GF Score
Cargojet Inc TSX:CJT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cargojet 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=86.11/50.77
=1.70

* 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.

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

For example, Cargojet's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=16.98/132.2623*132.2623
=16.980

Current CPI (Mar. 2026) = 132.2623.

Cargojet Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.411 102.002 9.610
201609 7.542 101.765 9.802
201612 8.254 101.449 10.761
201703 7.991 102.634 10.298
201706 7.805 103.029 10.020
201709 6.622 103.345 8.475
201712 8.756 103.345 11.206
201803 7.348 105.004 9.255
201806 8.074 105.557 10.117
201809 8.452 105.636 10.582
201812 9.822 105.399 12.325
201903 8.118 106.979 10.037
201906 8.757 107.690 10.755
201909 8.632 107.611 10.609
201912 10.272 107.769 12.607
202003 7.885 107.927 9.663
202006 12.571 108.401 15.338
202009 10.404 108.164 12.722
202012 11.994 108.559 14.613
202103 9.374 110.298 11.241
202106 9.948 111.720 11.777
202109 10.829 112.905 12.686
202112 13.179 113.774 15.321
202203 13.503 117.646 15.181
202206 12.330 120.806 13.499
202209 11.520 120.648 12.629
202212 13.350 120.964 14.597
202303 11.368 122.702 12.254
202306 10.130 124.203 10.787
202309 12.442 125.230 13.141
202312 12.901 125.072 13.643
202403 12.105 126.258 12.681
202406 14.073 127.522 14.596
202409 13.495 127.285 14.023
202412 18.795 127.364 19.518
202503 14.614 129.181 14.963
202506 15.468 129.892 15.750
202509 14.563 130.287 14.784
202512 18.608 130.366 18.879
202603 16.980 132.262 16.980

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 1.70 mean?
Cargojet (TSX:CJT) has a Cyclically Adjusted PS Ratio of 1.70 as of Jul. 29, 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 Cargojet and its competitors. This is 39% below median its historical median of 2.79. Over the past decade, Cargojet's Cyclically Adjusted PS Ratio has ranged from 1.35 to 8.07. According to the industry distribution chart, Cargojet ranks #520 out of 763 companies in the Transportation industry, placing it in the top 68.2%.
Is Cargojet's Cyclically Adjusted PS Ratio too high?
Cargojet's current Cyclically Adjusted PS Ratio of 1.70 is 39% below median its 10-year median of 2.79. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 8.07. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. Cargojet's value of 1.70 is 88.9% above this industry median. Based on the distribution chart, Cargojet ranks #520 out of 763 companies in the Transportation industry, which is below the industry midpoint. Overall, Cargojet has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cargojet's Cyclically Adjusted PS Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, Cargojet ranks #520 out of 763 companies for Cyclically Adjusted PS Ratio. This places Cargojet in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Cargojet's value of 1.70 is 88.9% above this benchmark. Historically, Cargojet's own Cyclically Adjusted PS Ratio has ranged from 1.35 to 8.07 over the past decade. While the company's 10-year median is 2.79 vs. the industry median of 0.90, Cargojet 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 763 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. Cargojet's current Cyclically Adjusted PS Ratio of 1.70 is 88.9% 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 Cargojet and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cargojet's current Cyclically Adjusted PS Ratio is 1.70, which is 39% below median its own 10-year median of 2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cargojet stock overvalued right now?
Based on GuruFocus' analysis, Cargojet (TSX:CJT) is currently considered Possible Value Trap. The stock's GF Value™ is C$133.75, compared to a current price of C$86.11 — trading 35.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.70, which is 39% below median its 10-year median of 2.79 and 88.9% above the Transportation industry median of 0.90. Cargojet's overall GF Score™ is 83/100 with 11 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 Cargojet (TSX:CJT), the current Cyclically Adjusted PS Ratio is 1.70 as of Jul. 29, 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 Cargojet (TSX:CJT) Overvalued in 2026?

Based on GuruFocus' analysis, Cargojet stock appears to be undervalued. The current stock price of C$86.11 is trading 35.6% below its estimated GF Value™ of C$133.75. GuruFocus considers Cargojet to be Possible Value Trap.

Key valuation signals for TSX:CJT:

  • Cyclically Adjusted PS Ratio: 1.70 (39% below median its 10-year median of 2.79)
  • GF Value™: C$133.75 vs. price of C$86.11 (35.6% below fair value)
  • GF Score™: 83/100 with 11 warning signs
  • Industry Position: 88.9% above the Transportation median (#520 of 763)

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


Cargojet Business Description

Other Exchanges CGJTF:USACJ8A:Germany
Address 2281 North Sheridan Way, Mississauga, ON, CAN, L5K 2S3
Cargojet Inc operates a domestic air cargo co-load network between several Canadian cities. The company also provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance, and Insurance basis, operating between points in Canada, the USA, South America, Europe, and Asia. In addition, it operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, the UK, and Germany, between Canada and Asia, and between Canada and Mexico.
83GF Score

Get the complete analysis for TSX:CJT

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

C$86.11
Price
C$133.75
GF Value