Procter & Gamble Co (TSX:PG) Cyclically Adjusted PS Ratio: 4.06 (As of Aug. 04, 2026) — 10% Below Median

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TSX:PG Procter & Gamble Co TSX:PG
88 GF Score
Price C$23.83
GF Value C$27.49
Valuation Modestly Undervalued
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What is Procter & Gamble Co Cyclically Adjusted PS Ratio?

Procter & Gamble Co TSX:PG +0.59% 88 Cyclically Adjusted PS Ratio is 4.06 as of Aug. 04, 2026, which is 10% below its 10-year median of 4.50. GuruFocus rates TSX:PG with a GF Score™ of 88/100 and a GF Value™ of C$27.49 (Modestly Undervalued). Among 1,451 Consumer Packaged Goods companies, Procter & Gamble Co ranks worse than 91.11% on this metric.

As of today (2026-08-04), Procter & Gamble Co's current share price is C$23.83. Procter & Gamble Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was C$5.87. Procter & Gamble Co's Cyclically Adjusted PS Ratio for today is 4.06.

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

TSX:PG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.63   Med: 4.5   Max: 5.53
Current: 4.07

During the past years, Procter & Gamble Co's highest Cyclically Adjusted PS Ratio was 5.53. The lowest was 2.63. And the median was 4.50.

TSX:PG's Cyclically Adjusted PS Ratio is ranked worse than
91.11% of 1451 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs TSX:PG: 4.07

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.

Procter & Gamble Co's adjusted revenue per share data for the three months ended in Jun. 2026 was C$1.544. 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$5.87 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Procter & Gamble Co  (TSX:PG) 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.


Procter & Gamble Co Cyclically Adjusted PS Ratio Related Terms


Procter & Gamble Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Procter & Gamble Co'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.

Procter & Gamble Co Cyclically Adjusted PS Ratio Chart

Procter & Gamble Co Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.59 4.74 5.01 4.69 4.12

Procter & Gamble Co 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 4.69 4.48 4.17 4.11 4.12

TSX:PG vs CL, KVUE, KMB: Cyclically Adjusted PS Ratio Comparison

For the Household & Personal Products subindustry, Procter & Gamble Co'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.


Procter & Gamble Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Procter & Gamble Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Procter & Gamble Co's Cyclically Adjusted PS Ratio falls into.


TSX:PG
88GF Score
Procter & Gamble Co TSX:PG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Procter & Gamble Co 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.

Procter & Gamble Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.83/5.87
=4.06

* 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.

Procter & Gamble Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Procter & Gamble Co'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)
=1.544/333.9520*333.9520
=1.544

Current CPI (Jun. 2026) = 333.9520.

Procter & Gamble Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.961 241.428 1.329
201612 1.029 241.432 1.423
201703 0.967 243.801 1.325
201706 0.993 244.955 1.354
201709 0.952 246.819 1.288
201712 1.042 246.524 1.412
201803 0.997 249.554 1.334
201806 1.035 251.989 1.372
201809 1.043 252.439 1.380
201812 1.119 251.233 1.487
201903 1.045 254.202 1.373
201906 1.133 256.143 1.477
201909 1.115 256.759 1.450
201912 1.144 256.974 1.487
202003 1.152 258.115 1.490
202006 1.150 257.797 1.490
202009 1.219 260.280 1.564
202012 1.211 260.474 1.553
202103 1.100 264.877 1.387
202106 1.127 271.696 1.385
202109 1.261 274.310 1.535
202112 1.320 278.802 1.581
202203 1.214 287.504 1.410
202206 1.240 296.311 1.398
202209 1.375 296.808 1.547
202212 1.424 296.797 1.602
202303 1.390 301.836 1.538
202306 1.380 305.109 1.510
202309 1.497 307.789 1.624
202312 1.459 306.746 1.588
202403 1.385 312.332 1.481
202406 1.425 314.175 1.515
202409 1.495 315.301 1.583
202412 1.588 315.605 1.680
202503 1.451 319.799 1.515
202506 1.463 322.561 1.515
202509 1.592 324.800 1.637
202512 1.583 324.054 1.631
202603 1.510 330.213 1.527
202606 1.544 333.952 1.544

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 4.06 mean?
Procter & Gamble Co (TSX:PG) has a Cyclically Adjusted PS Ratio of 4.06 as of Aug. 04, 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 Procter & Gamble Co and its competitors. This is 10% below median its historical median of 4.50. Over the past decade, Procter & Gamble Co's Cyclically Adjusted PS Ratio has ranged from 2.63 to 5.53. According to the industry distribution chart, Procter & Gamble Co ranks #1322 out of 1451 companies in the Consumer Packaged Goods industry, placing it in the top 91.1%.
Is Procter & Gamble Co's Cyclically Adjusted PS Ratio too high?
Procter & Gamble Co's current Cyclically Adjusted PS Ratio of 4.06 is 10% below median its 10-year median of 4.50. Over the past 10 years, this metric has ranged from a low of 2.63 to a high of 5.53. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Procter & Gamble Co's value of 4.06 is 434.2% above this industry median. Based on the distribution chart, Procter & Gamble Co ranks #1322 out of 1451 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Procter & Gamble Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Procter & Gamble Co's Cyclically Adjusted PS Ratio compare to CL and KVUE?
According to the Consumer Packaged Goods industry distribution chart, Procter & Gamble Co ranks #1322 out of 1451 companies for Cyclically Adjusted PS Ratio. This places Procter & Gamble Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Procter & Gamble Co's value of 4.06 is 434.2% above this benchmark. Historically, Procter & Gamble Co's own Cyclically Adjusted PS Ratio has ranged from 2.63 to 5.53 over the past decade. While the company's 10-year median is 4.50 vs. the industry median of 0.76, Procter & Gamble Co 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.76, based on 1,451 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. Procter & Gamble Co's current Cyclically Adjusted PS Ratio of 4.06 is 434.2% 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 Procter & Gamble Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Procter & Gamble Co's current Cyclically Adjusted PS Ratio is 4.06, which is 10% below median its own 10-year median of 4.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Procter & Gamble Co stock overvalued right now?
Based on GuruFocus' analysis, Procter & Gamble Co (TSX:PG) is currently considered Modestly Undervalued. The stock's GF Value™ is C$27.49, compared to a current price of C$23.83 — trading 13.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.06, which is 10% below median its 10-year median of 4.50 and 434.2% above the Consumer Packaged Goods industry median of 0.76. Procter & Gamble Co's overall GF Score™ is 88/100. 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 Procter & Gamble Co (TSX:PG), the current Cyclically Adjusted PS Ratio is 4.06 as of Aug. 04, 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 Procter & Gamble Co (TSX:PG) Overvalued in 2026?

Based on GuruFocus' analysis, Procter & Gamble Co stock appears to be undervalued. The current stock price of C$23.83 is trading 13.3% below its estimated GF Value™ of C$27.49. GuruFocus considers Procter & Gamble Co to be Modestly Undervalued.

Key valuation signals for TSX:PG:

  • Cyclically Adjusted PS Ratio: 4.06 (10% below median its 10-year median of 4.50)
  • GF Value™: C$27.49 vs. price of C$23.83 (13.3% below fair value)
  • GF Score™: 88/100
  • Industry Position: 434.2% above the Consumer Packaged Goods median (#1322 of 1451)

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


Procter & Gamble Co Business Description

Address One Procter and Gamble Plaza, Cincinnati, OH, USA, 45202
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, with annual sales of nearly $85 billion. It operates with a lineup of leading brands, including more than 20 that generate annual global sales of more than $1 billion each, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. Sales outside its home turf represent just more than half of the firm's consolidated total.
88GF Score

Get the complete analysis for TSX:PG

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

C$23.83
Price
C$27.49
GF Value