Saputo (TSX:SAP) Cyclically Adjusted PS Ratio: 0.97 (As of Jul. 16, 2026) — 16% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSX:SAP Saputo Inc TSX:SAP
68 GF Score
Price C$41.20
GF Value C$29.17
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Saputo Cyclically Adjusted PS Ratio?

Saputo TSX:SAP +1.53% 68 Cyclically Adjusted PS Ratio is 0.97 as of Jul. 16, 2026, which is 16% below its 10-year median of 1.16. GuruFocus rates TSX:SAP with a GF Score™ of 68/100 and a GF Value™ of C$29.17 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,447 Consumer Packaged Goods companies, Saputo ranks worse than 56.74% on this metric.

As of today (2026-07-16), Saputo's current share price is C$41.20. Saputo's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$42.32. Saputo's Cyclically Adjusted PS Ratio for today is 0.97.

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

TSX:SAP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.16   Max: 2.4
Current: 0.97

During the past years, Saputo's highest Cyclically Adjusted PS Ratio was 2.40. The lowest was 0.57. And the median was 1.16.

TSX:SAP's Cyclically Adjusted PS Ratio is ranked worse than
56.74% of 1447 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs TSX:SAP: 0.97

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.

Saputo's adjusted revenue per share data for the three months ended in Mar. 2026 was C$8.085. 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$42.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Saputo  (TSX:SAP) 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.


Saputo Cyclically Adjusted PS Ratio Related Terms


Saputo Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Saputo'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.

Saputo Cyclically Adjusted PS Ratio Chart

Saputo Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.95 0.68 0.61 1.03

Saputo 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 0.61 0.68 0.81 0.99 1.03

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

For the Packaged Foods subindustry, Saputo'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.


Saputo Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

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


TSX:SAP
68GF Score
Saputo Inc TSX:SAP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saputo 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=41.20/42.32
=0.97

* 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.

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

For example, Saputo'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)
=8.085/132.2623*132.2623
=8.085

Current CPI (Mar. 2026) = 132.2623.

Saputo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.604 102.002 8.563
201609 7.166 101.765 9.314
201612 7.459 101.449 9.725
201703 6.873 102.634 8.857
201706 7.391 103.029 9.488
201709 7.375 103.345 9.439
201712 7.712 103.345 9.870
201803 7.029 105.004 8.854
201806 8.341 105.557 10.451
201809 8.733 105.636 10.934
201812 9.123 105.399 11.448
201903 8.298 106.979 10.259
201906 9.312 107.690 11.437
201909 9.231 107.611 11.346
201912 9.484 107.769 11.639
202003 9.097 107.927 11.148
202006 8.269 108.401 10.089
202009 9.009 108.164 11.016
202012 9.132 108.559 11.126
202103 8.335 110.298 9.995
202106 8.402 111.720 9.947
202109 8.887 112.905 10.411
202112 9.393 113.774 10.919
202203 9.523 117.646 10.706
202206 10.373 120.806 11.357
202209 10.646 120.648 11.671
202212 10.920 120.964 11.940
202303 10.615 122.702 11.442
202306 9.962 124.203 10.608
202309 10.218 125.230 10.792
202312 10.075 125.072 10.654
202403 10.714 126.258 11.224
202406 10.850 127.522 11.253
202409 11.083 127.285 11.516
202412 11.776 127.364 12.229
202503 8.312 129.181 8.510
202506 11.128 129.892 11.331
202509 11.414 130.287 11.587
202512 11.860 130.366 12.033
202603 8.085 132.262 8.085

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 0.97 mean?
Saputo (TSX:SAP) has a Cyclically Adjusted PS Ratio of 0.97 as of Jul. 16, 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 Saputo and its competitors. This is 16% below median its historical median of 1.16. Over the past decade, Saputo's Cyclically Adjusted PS Ratio has ranged from 0.57 to 2.40. According to the industry distribution chart, Saputo ranks #821 out of 1447 companies in the Consumer Packaged Goods industry, placing it in the top 56.7%.
Is Saputo's Cyclically Adjusted PS Ratio too high?
Saputo's current Cyclically Adjusted PS Ratio of 0.97 is 16% below median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 2.40. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. Saputo's value of 0.97 is 27.6% above this industry median. Based on the distribution chart, Saputo ranks #821 out of 1447 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Saputo has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saputo's Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Saputo ranks #821 out of 1447 companies for Cyclically Adjusted PS Ratio. This places Saputo in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Saputo's value of 0.97 is 27.6% above this benchmark. Historically, Saputo's own Cyclically Adjusted PS Ratio has ranged from 0.57 to 2.40 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 0.76, Saputo 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 1,447 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. Saputo's current Cyclically Adjusted PS Ratio of 0.97 is 27.6% 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 Saputo 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. Saputo's current Cyclically Adjusted PS Ratio is 0.97, which is 16% below median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saputo stock overvalued right now?
Based on GuruFocus' analysis, Saputo (TSX:SAP) is currently considered Significantly Overvalued. The stock's GF Value™ is C$29.17, compared to a current price of C$41.20 — trading 41.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.97, which is 16% below median its 10-year median of 1.16 and 27.6% above the Consumer Packaged Goods industry median of 0.76. Saputo's overall GF Score™ is 68/100 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 Saputo (TSX:SAP), the current Cyclically Adjusted PS Ratio is 0.97 as of Jul. 16, 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 Saputo (TSX:SAP) Overvalued in 2026?

Based on GuruFocus' analysis, Saputo stock appears to be overvalued. The current stock price of C$41.20 is trading 41.2% above its estimated GF Value™ of C$29.17. GuruFocus considers Saputo to be Significantly Overvalued.

Key valuation signals for TSX:SAP:

  • Cyclically Adjusted PS Ratio: 0.97 (16% below median its 10-year median of 1.16)
  • GF Value™: C$29.17 vs. price of C$41.20 (41.2% above fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 27.6% above the Consumer Packaged Goods median (#821 of 1447)

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


Saputo Business Description

Other Exchanges SAPIF:USASB7:Germany
Address 1000 de la Gauchetiere Street West, Suite 2900, Montreal, QC, CAN, H3B 4W5
Saputo Inc produces, markets, and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. The Company is a cheese manufacturer and fluid milk and cream processor in Canada, a dairy processor in Australia, a cheese producer and extended shelf-life and cultured dairy products manufacturer in the USA, and a manufacturer of branded cheese and dairy spreads in the UK. Its cheese products are sold under various brand names, including Saputo, Armstrong, Alexis de Portneuf, Bari, Cogruet, DuVillage 1860, Kingsey, and Shepherd Gourmet Dairy. The Company operates through four divisions: Canada Sector, USA Sector, International Sector, and Europe Sector, with the USA Sector generating the maximum revenue.
68GF Score

Get the complete analysis for TSX:SAP

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

C$41.20
Price
C$29.17
GF Value