MetLife (WBO:METL) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

WBO:METL MetLife Inc WBO:METL
70 GF Score
Price €84.56
GF Value €82.02
Valuation Fairly Valued
! 7 Warning Signs
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What is MetLife Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


MetLife  (WBO:METL) 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.


MetLife Cyclically Adjusted PS Ratio Related Terms


MetLife Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for MetLife'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.

MetLife Cyclically Adjusted PS Ratio Chart

MetLife 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 0.89 1.00 0.82 1.01 0.83

MetLife 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 0.84 0.85 0.82 0.71 0.86

WBO:METL vs AFL, PRU, UNM: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Life subindustry, MetLife'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.


MetLife Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, MetLife's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WBO:METL
70GF Score
MetLife Inc WBO:METL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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MetLife 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.

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

For example, MetLife'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)
=25.674/333.9520*333.9520
=25.674

Current CPI (Jun. 2026) = 333.9520.

MetLife Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 12.789 241.428 17.690
201612 10.732 241.432 14.845
201703 12.779 243.801 17.504
201706 12.876 244.955 17.554
201709 12.970 246.819 17.549
201712 12.789 246.524 17.325
201803 11.534 249.554 15.435
201806 17.368 251.989 23.017
201809 13.995 252.439 18.514
201812 13.898 251.233 18.474
201903 14.904 254.202 19.580
201906 16.341 256.143 21.305
201909 17.940 256.759 23.334
201912 16.727 256.974 21.738
202003 18.065 258.115 23.373
202006 14.021 257.797 18.163
202009 15.005 260.280 19.252
202012 17.978 260.474 23.049
202103 14.483 264.877 18.260
202106 17.480 271.696 21.485
202109 16.652 274.310 20.273
202112 20.794 278.802 24.907
202203 16.535 287.504 19.206
202206 17.827 296.311 20.092
202209 27.628 296.808 31.086
202212 19.376 296.797 21.802
202303 18.359 301.836 20.312
202306 19.846 305.109 21.722
202309 19.304 307.789 20.945
202312 23.807 306.746 25.918
202403 20.311 312.332 21.717
202406 23.164 314.175 24.622
202409 23.854 315.301 25.265
202412 25.074 315.605 26.532
202503 25.682 319.799 26.819
202506 22.664 322.561 23.464
202509 22.203 324.800 22.829
202512 30.897 324.054 31.841
202603 24.864 330.213 25.146
202606 25.674 333.952 25.674

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.

Is MetLife (WBO:METL) Overvalued in 2026?

Based on GuruFocus' analysis, MetLife stock appears to be overvalued. The current stock price of €84.56 is trading 3.1% above its estimated GF Value™ of €82.02. GuruFocus considers MetLife to be Fairly Valued.

Key valuation signals for WBO:METL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €82.02 vs. price of €84.56 (3.1% above fair value)
  • GF Score™: 70/100 with 7 warning signs

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


MetLife Business Description

Address 200 Park Avenue, New York, NY, USA, 10166-0188
MetLife is one of the largest life insurers in the US by assets and provides a variety of life insurance and annuity products. It is organized into six segments: Group Benefits, Retirement and Income Solutions, Asia, Latin America, Europe/Middle East/Africa (EMEA), and MetLife Holdings (products in run-off). Group Benefits and RIS are US-based, contributing to around 48% of the firm's 2024 adjusted earnings. The Asia segment contributes around 25% of earnings, mainly tied to Japan. The company also holds leading market positions in Mexico and Chile, with the Latin America segment contributing around 13% of 2024 earnings. The EMEA and MetLife Holdings segments contributed around 4% and 10% of 2024 earnings, respectively.
70GF Score

Get the complete analysis for WBO:METL

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

€84.56
Price
€82.02
GF Value