High Liner Foods (TSX:HLF) Cyclically Adjusted PS Ratio: 0.32 (As of Jul. 27, 2026) — Near Median

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TSX:HLF High Liner Foods Inc TSX:HLF
81 GF Score
Price C$14.51
GF Value C$17.23
Valuation Modestly Undervalued
! 3 Warning Signs
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What is High Liner Foods Cyclically Adjusted PS Ratio?

High Liner Foods TSX:HLF +0.62% 81 Cyclically Adjusted PS Ratio is 0.32 as of Jul. 27, 2026, which is at its 10-year median of 0.32. GuruFocus rates TSX:HLF with a GF Score™ of 81/100 and a GF Value™ of C$17.23 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,450 Consumer Packaged Goods companies, High Liner Foods ranks better than 75.17% on this metric.

As of today (2026-07-27), High Liner Foods's current share price is C$14.51. High Liner Foods's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$45.97. High Liner Foods's Cyclically Adjusted PS Ratio for today is 0.32.

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

TSX:HLF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.32   Max: 0.94
Current: 0.32

During the past years, High Liner Foods's highest Cyclically Adjusted PS Ratio was 0.94. The lowest was 0.14. And the median was 0.32.

TSX:HLF's Cyclically Adjusted PS Ratio is ranked better than
75.17% of 1450 companies
in the Consumer Packaged Goods industry
Industry Median: 0.75 vs TSX:HLF: 0.32

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.

High Liner Foods's adjusted revenue per share data for the three months ended in Mar. 2026 was C$15.772. 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$45.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


High Liner Foods  (TSX:HLF) 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.


High Liner Foods Cyclically Adjusted PS Ratio Related Terms


High Liner Foods Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for High Liner Foods'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.

High Liner Foods Cyclically Adjusted PS Ratio Chart

High Liner Foods 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 0.37 0.32 0.26 0.36 0.33

High Liner Foods 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 0.38 0.40 0.38 0.33 0.32

TSX:HLF vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, High Liner Foods'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.


High Liner Foods Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

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


TSX:HLF
81GF Score
High Liner Foods Inc TSX:HLF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

High Liner Foods 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.

High Liner Foods's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.51/45.97
=0.32

* 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.

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

For example, High Liner Foods'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)
=15.772/132.2623*132.2623
=15.772

Current CPI (Mar. 2026) = 132.2623.

High Liner Foods Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 9.302 102.002 12.062
201609 9.651 101.765 12.543
201612 8.902 101.449 11.606
201703 11.855 102.634 15.277
201706 9.650 103.029 12.388
201709 10.381 103.345 13.286
201712 10.042 103.345 12.852
201803 12.323 105.004 15.522
201806 9.573 105.557 11.995
201809 9.334 105.636 11.687
201812 9.691 105.399 12.161
201903 10.841 106.979 13.403
201906 8.652 107.690 10.626
201909 8.622 107.611 10.597
201912 8.582 107.769 10.532
202003 10.898 107.927 13.355
202006 6.700 108.401 8.175
202009 7.609 108.164 9.304
202012 6.962 108.559 8.482
202103 8.712 110.298 10.447
202106 6.601 111.720 7.815
202109 7.755 112.905 9.085
202112 8.318 113.774 9.670
202203 10.533 117.646 11.842
202206 9.259 120.806 10.137
202209 10.305 120.648 11.297
202212 9.758 120.964 10.669
202303 13.041 122.702 14.057
202306 9.766 124.203 10.400
202309 10.335 125.230 10.915
202312 9.464 125.072 10.008
202403 11.174 126.258 11.705
202406 9.131 127.522 9.470
202409 10.162 127.285 10.559
202412 10.926 127.364 11.346
202503 12.734 129.181 13.038
202506 10.925 129.892 11.124
202509 11.537 130.287 11.712
202512 12.633 130.366 12.817
202603 15.772 132.262 15.772

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 0.32 mean?
High Liner Foods (TSX:HLF) has a Cyclically Adjusted PS Ratio of 0.32 as of Jul. 27, 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 High Liner Foods and its competitors. This is near median its historical median of 0.32. Over the past decade, High Liner Foods' Cyclically Adjusted PS Ratio has ranged from 0.14 to 0.94. According to the industry distribution chart, High Liner Foods ranks #360 out of 1450 companies in the Consumer Packaged Goods industry, placing it in the top 24.8%.
Is High Liner Foods' Cyclically Adjusted PS Ratio too high?
High Liner Foods' current Cyclically Adjusted PS Ratio of 0.32 is near median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.94. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.75. High Liner Foods' value of 0.32 is 57.3% below this industry median. Based on the distribution chart, High Liner Foods ranks #360 out of 1450 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, High Liner Foods has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does High Liner Foods' Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, High Liner Foods ranks #360 out of 1450 companies for Cyclically Adjusted PS Ratio. This places High Liner Foods in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.75. High Liner Foods' value of 0.32 is 57.3% below this benchmark. Historically, High Liner Foods' own Cyclically Adjusted PS Ratio has ranged from 0.14 to 0.94 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.75, High Liner Foods 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.75, based on 1,450 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. High Liner Foods's current Cyclically Adjusted PS Ratio of 0.32 is 57.3% 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 High Liner Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. High Liner Foods's current Cyclically Adjusted PS Ratio is 0.32, which is near median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Liner Foods stock overvalued right now?
Based on GuruFocus' analysis, High Liner Foods (TSX:HLF) is currently considered Modestly Undervalued. The stock's GF Value™ is C$17.23, compared to a current price of C$14.51 — trading 15.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.32, which is near median its 10-year median of 0.32 and 57.3% below the Consumer Packaged Goods industry median of 0.75. High Liner Foods' overall GF Score™ is 81/100 with 3 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 High Liner Foods (TSX:HLF), the current Cyclically Adjusted PS Ratio is 0.32 as of Jul. 27, 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 High Liner Foods (TSX:HLF) Overvalued in 2026?

Based on GuruFocus' analysis, High Liner Foods stock appears to be undervalued. The current stock price of C$14.51 is trading 15.8% below its estimated GF Value™ of C$17.23. GuruFocus considers High Liner Foods to be Modestly Undervalued.

Key valuation signals for TSX:HLF:

  • Cyclically Adjusted PS Ratio: 0.32 (near median its 10-year median of 0.32)
  • GF Value™: C$17.23 vs. price of C$14.51 (15.8% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 57.3% below the Consumer Packaged Goods median (#360 of 1450)

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


High Liner Foods Business Description

Other Exchanges HLNFF:USA28Y:Germany
Address 100 Battery Point, P.O. Box 910, Lunenburg, NS, CAN, B0J 2C0
High Liner Foods Inc is a Canadian company that is mainly engaged in the processing and marketing of prepared and packaged frozen seafood products. The company's retail branded products are sold throughout the United States and Canada under the High Liner, Sea Cuisine, Mrs. Paul's, Van de Kamp's, Fisher Boy, C.Wirthy, Mirabel, and Catch of the Day labels, and are available in grocery and club stores. It also sells branded products under the High Liner, Icelandic Seafood, Mirabel, and FPI labels to restaurants and institutions, and is a supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.
81GF Score

Get the complete analysis for TSX:HLF

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

C$14.51
Price
C$17.23
GF Value