McDonald's (UKEX:MCD) Cyclically Adjusted PS Ratio: 8.46 (As of Jul. 18, 2026) — 13% Above 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.

UKEX:MCD McDonald's Corp UKEX:MCD
73 GF Score
Price ₴10,808.00
GF Value ₴13,195.20
! 2 Warning Signs
View Full Analysis

What is McDonald's Cyclically Adjusted PS Ratio?

McDonald's UKEX:MCD 73 Cyclically Adjusted PS Ratio is 8.46 as of Jul. 18, 2026, which is 13% above its 10-year median of 7.52. GuruFocus rates UKEX:MCD with a GF Score™ of 73/100 and a GF Value™ of ₴13,195.20. The stock has 2 warning signs investors should review. Among 255 Restaurants companies, McDonald's ranks worse than 97.65% on this metric.

As of today (2026-07-18), McDonald's's current share price is ₴10808.00. McDonald's's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₴1,277.67. McDonald's's Cyclically Adjusted PS Ratio for today is 8.46.

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

UKEX:MCD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.27   Med: 7.52   Max: 9.46
Current: 7.29

During the past years, McDonald's's highest Cyclically Adjusted PS Ratio was 9.46. The lowest was 4.27. And the median was 7.52.

UKEX:MCD's Cyclically Adjusted PS Ratio is ranked worse than
97.65% of 255 companies
in the Restaurants industry
Industry Median: 0.69 vs UKEX:MCD: 7.29

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.

McDonald's's adjusted revenue per share data for the three months ended in Mar. 2026 was ₴407.505. 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 ₴1,277.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


McDonald's  (UKEX:MCD) 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.


McDonald's Cyclically Adjusted PS Ratio Related Terms


McDonald's Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for McDonald's'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.

McDonald's Cyclically Adjusted PS Ratio Chart

McDonald's 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 8.51 7.94 8.69 8.28 8.48

McDonald's 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 8.80 8.16 8.42 8.48 8.46

UKEX:MCD vs SBUX, YUM, CMG: Cyclically Adjusted PS Ratio Comparison

For the Restaurants subindustry, McDonald's'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.


McDonald's Cyclically Adjusted PS Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, McDonald's's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


UKEX:MCD
73GF Score
McDonald's Corp UKEX:MCD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

McDonald's 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10808.00/1277.67
=8.46

* 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.

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

For example, McDonald's'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)
=407.505/330.2130*330.2130
=407.505

Current CPI (Mar. 2026) = 330.2130.

McDonald's Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 320.836 241.018 439.570
201609 338.103 241.428 462.440
201612 324.305 241.432 443.561
201703 306.870 243.801 415.636
201706 329.476 244.955 444.152
201709 315.600 246.819 422.233
201712 296.407 246.524 397.030
201803 287.056 249.554 379.836
201806 303.473 251.989 397.679
201809 307.279 252.439 401.949
201812 309.858 251.233 407.268
201903 290.500 254.202 377.365
201906 313.981 256.143 404.776
201909 321.357 256.759 413.291
201912 320.639 256.974 412.023
202003 280.182 258.115 358.444
202006 224.177 257.797 287.149
202009 322.304 260.280 408.902
202012 315.678 260.474 400.197
202103 304.438 264.877 379.532
202106 349.272 271.696 424.497
202109 367.619 274.310 442.538
202112 356.747 278.802 422.531
202203 338.108 287.504 388.334
202206 343.835 296.311 383.174
202209 354.270 296.808 394.142
202212 359.119 296.797 399.552
202303 357.768 301.836 391.403
202306 394.747 305.109 427.226
202309 408.095 307.789 437.827
202312 392.817 306.746 422.869
202403 379.156 312.332 400.863
202406 401.039 314.175 421.511
202409 425.948 315.301 446.093
202412 396.108 315.605 414.442
202503 369.927 319.799 381.973
202506 425.445 322.561 435.538
202509 441.038 324.800 448.388
202512 437.900 324.054 446.223
202603 407.505 330.213 407.505

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 8.46 mean?
McDonald's (UKEX:MCD) has a Cyclically Adjusted PS Ratio of 8.46 as of Jul. 18, 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 McDonald's and its competitors. This is 13% above median its historical median of 7.52. Over the past decade, McDonald's' Cyclically Adjusted PS Ratio has ranged from 4.27 to 9.46. According to the industry distribution chart, McDonald's ranks #249 out of 255 companies in the Restaurants industry, placing it in the top 97.6%.
Is McDonald's' Cyclically Adjusted PS Ratio too high?
McDonald's' current Cyclically Adjusted PS Ratio of 8.46 is 13% above median its 10-year median of 7.52. Over the past 10 years, this metric has ranged from a low of 4.27 to a high of 9.46. The Restaurants industry median Cyclically Adjusted PS Ratio is 0.69. McDonald's' value of 8.46 is 1126.1% above this industry median. Based on the distribution chart, McDonald's ranks #249 out of 255 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, McDonald's has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does McDonald's' Cyclically Adjusted PS Ratio compare to SBUX and YUM?
According to the Restaurants industry distribution chart, McDonald's ranks #249 out of 255 companies for Cyclically Adjusted PS Ratio. This places McDonald's in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.69. McDonald's' value of 8.46 is 1126.1% above this benchmark. Historically, McDonald's' own Cyclically Adjusted PS Ratio has ranged from 4.27 to 9.46 over the past decade. While the company's 10-year median is 7.52 vs. the industry median of 0.69, McDonald's 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 Restaurants company?
The median Cyclically Adjusted PS Ratio among Restaurants companies is 0.69, based on 255 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. McDonald's's current Cyclically Adjusted PS Ratio of 8.46 is 1126.1% 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 McDonald's and its competitors. For the Restaurants industry, the median Cyclically Adjusted PS Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McDonald's's current Cyclically Adjusted PS Ratio is 8.46, which is 13% above median its own 10-year median of 7.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McDonald's stock overvalued right now?
McDonald's (UKEX:MCD) has a current Cyclically Adjusted PS Ratio of 8.46. The stock's GF Value™ is ₴13,195.20, compared to a current price of ₴10,808.00 — trading 18.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.46, which is 13% above median its 10-year median of 7.52 and 1126.1% above the Restaurants industry median of 0.69. McDonald's' overall GF Score™ is 73/100 with 2 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 McDonald's (UKEX:MCD), the current Cyclically Adjusted PS Ratio is 8.46 as of Jul. 18, 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 McDonald's (UKEX:MCD) Overvalued in 2026?

Based on GuruFocus' analysis, McDonald's stock appears to be undervalued. The current stock price of ₴10,808.00 is trading 18.1% below its estimated GF Value™ of ₴13,195.20.

Key valuation signals for UKEX:MCD:

  • Cyclically Adjusted PS Ratio: 8.46 (13% above median its 10-year median of 7.52)
  • GF Value™: ₴13,195.20 vs. price of ₴10,808.00 (18.1% below fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 1126.1% above the Restaurants median (#249 of 255)

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


McDonald's Business Description

Address 110 North Carpenter Street, Chicago, IL, USA, 60607
McDonald's is the world's largest restaurant brand, with nearly $139 billion in systemwide sales across more than 45,000 restaurants and over 100 markets. The quick-service chain built its early reputation on speed, consistency, and affordable hamburgers, and today its global menu spans burgers, chicken, breakfast, and beverages that have helped popularize American fast-food cuisine worldwide. The firm derives the bulk of its revenue from franchise royalties and rent (about 62%), with the remainder stemming from company-operated restaurants across three segments: the United States (39% of systemwide sales), international operated markets (35%), and international developmental/licensed markets (26%).
73GF Score

Get the complete analysis for UKEX:MCD

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

₴10,808.00
Price
₴13,195.20
GF Value