Meituan (XBUL:9MD) Cyclically Adjusted PS Ratio: 3.08 (As of Aug. 31, 2026) — 27% Below Median

Author: 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
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.

XBUL:9MD Meituan XBUL:9MD
76 GF Score
Price лв13.64
GF Value лв26.79
! 3 Warning Signs
View Full Analysis

What is Meituan Cyclically Adjusted PS Ratio?

Meituan XBUL:9MD 76 Cyclically Adjusted PS Ratio is 3.08 as of Aug. 31, 2026, which is 27% below its 10-year median of 4.20. GuruFocus rates XBUL:9MD with a GF Score™ of 76/100 and a GF Value™ of лв26.79. The stock has 3 warning signs investors should review. Among 798 Retail - Cyclical companies, Meituan ranks worse than 86.47% on this metric.

As of today (2026-08-31), Meituan's current share price is лв13.638. Meituan's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was лв4.43. Meituan's Cyclically Adjusted PS Ratio for today is 3.08.

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

XBUL:9MD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.27   Med: 4.2   Max: 6.89
Current: 2.32

During the past 11 years, Meituan's highest Cyclically Adjusted PS Ratio was 6.89. The lowest was 2.27. And the median was 4.20.

XBUL:9MD's Cyclically Adjusted PS Ratio is ranked worse than
86.47% of 798 companies
in the Retail - Cyclical industry
Industry Median: 0.515 vs XBUL:9MD: 2.32

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.

Meituan's adjusted revenue per share data of for the fiscal year that ended in Dec25 was лв14.460. 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 лв4.43 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Meituan  (XBUL:9MD) 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.


Meituan Cyclically Adjusted PS Ratio Related Terms


Meituan Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Meituan'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.

Meituan Cyclically Adjusted PS Ratio Chart

Meituan 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 0.00 0.00 0.00 5.73 3.08

Meituan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 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 0.00 0.00 3.08 0.00 0.00

XBUL:9MD vs AMZN, BABA, PDD: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, Meituan'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.


Meituan Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

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

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


XBUL:9MD
76GF Score
Meituan XBUL:9MD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meituan 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.638/4.43
=3.08

* 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.

Meituan's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Meituan's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=14.46/115.8323*115.8323
=14.460

Current CPI (Dec25) = 115.8323.

Meituan Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.580 102.600 0.655
201712 1.590 104.500 1.762
201812 5.901 106.500 6.418
201912 3.983 111.200 4.149
202012 4.960 111.500 5.153
202112 7.902 113.108 8.092
202212 8.693 115.116 8.747
202312 10.436 114.781 10.532
202412 12.634 114.893 12.737
202512 14.460 115.832 14.460

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 3.08 mean?
Meituan (XBUL:9MD) has a Cyclically Adjusted PS Ratio of 3.08 as of Aug. 31, 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 Meituan and its competitors. This is 27% below median its historical median of 4.20. Over the past decade, Meituan's Cyclically Adjusted PS Ratio has ranged from 2.27 to 6.89. According to the industry distribution chart, Meituan ranks #690 out of 798 companies in the Retail - Cyclical industry, placing it in the top 86.5%.
Is Meituan's Cyclically Adjusted PS Ratio too high?
Meituan's current Cyclically Adjusted PS Ratio of 3.08 is 27% below median its 10-year median of 4.20. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 6.89. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.52. Meituan's value of 3.08 is 498.1% above this industry median. Based on the distribution chart, Meituan ranks #690 out of 798 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Meituan has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Meituan's Cyclically Adjusted PS Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Meituan ranks #690 out of 798 companies for Cyclically Adjusted PS Ratio. This places Meituan in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.52. Meituan's value of 3.08 is 498.1% above this benchmark. Historically, Meituan's own Cyclically Adjusted PS Ratio has ranged from 2.27 to 6.89 over the past decade. While the company's 10-year median is 4.20 vs. the industry median of 0.52, Meituan 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.52, based on 798 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. Meituan's current Cyclically Adjusted PS Ratio of 3.08 is 498.1% 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 Meituan and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meituan's current Cyclically Adjusted PS Ratio is 3.08, which is 27% below median its own 10-year median of 4.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meituan stock overvalued right now?
Meituan (XBUL:9MD) has a current Cyclically Adjusted PS Ratio of 3.08. The stock's GF Value™ is лв26.79, compared to a current price of лв13.64 — trading 49.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.08, which is 27% below median its 10-year median of 4.20 and 498.1% above the Retail - Cyclical industry median of 0.52. Meituan's overall GF Score™ is 76/100 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 Meituan (XBUL:9MD), the current Cyclically Adjusted PS Ratio is 3.08 as of Aug. 31, 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 Meituan (XBUL:9MD) Overvalued in 2026?

Based on GuruFocus' analysis, Meituan stock appears to be undervalued. The current stock price of лв13.64 is trading 49.1% below its estimated GF Value™ of лв26.79.

Key valuation signals for XBUL:9MD:

  • Cyclically Adjusted PS Ratio: 3.08 (27% below median its 10-year median of 4.20)
  • GF Value™: лв26.79 vs. price of лв13.64 (49.1% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 498.1% above the Retail - Cyclical median (#690 of 798)

No single metric tells the full story. See the XBUL:9MD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meituan Business Description

Address No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102
Despite intense competition, Meituan remains the largest food delivery platform in China as of April 2026, according to our estimates. In 2025, the firm generated 72% of its revenue from the core local commerce segment, which includes on-demand food delivery and retail, in-store services (such as visiting beauty and entertainment stores after purchasing deals on Meituan), and hotel and travel booking. The remaining revenue came from the new initiatives segment, such as the community group purchase business Meituan Select and the overseas food delivery business.
76GF Score

Get the complete analysis for XBUL:9MD

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

лв13.64
Price
лв26.79
GF Value