FLO (Flowers Foods) Cyclically Adjusted Revenue per Share: $25.29 (As of Mar. 2026)

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.

FLO Flowers Foods Inc FLO
51 GF Score
Price $7.40
GF Value $21.80
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Flowers Foods Cyclically Adjusted Revenue per Share?

Flowers Foods FLO +2.21% 51 Cyclically Adjusted Revenue per Share is $25.29 as of Mar. 2026. GuruFocus rates FLO with a GF Score™ of 51/100 and a GF Value™ of $21.80 (Significantly Undervalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Flowers Foods's adjusted revenue per share for the three months ended in Mar. 2026 was $7.393. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $25.29 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Flowers Foods's average Cyclically Adjusted Revenue Growth Rate was 3.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Flowers Foods was 14.10% per year. The lowest was 3.30% per year. And the median was 7.40% per year.

As of today (2026-08-08), Flowers Foods's current stock price is $7.40. Flowers Foods's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $25.29. Flowers Foods's Cyclically Adjusted PS Ratio of today is 0.29.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Flowers Foods was 1.40. The lowest was 0.28. And the median was 1.17.


Flowers Foods  (NYSE:FLO) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Flowers Foods's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=7.40/25.29
=0.29

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Flowers Foods was 1.40. The lowest was 0.28. And the median was 1.17.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Flowers Foods Cyclically Adjusted Revenue per Share Related Terms


Flowers Foods Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Flowers Foods's Cyclically Adjusted Revenue per Share 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.

Flowers Foods Cyclically Adjusted Revenue per Share Chart

Flowers Foods Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.82 22.55 23.40 24.14 24.86

Flowers Foods Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 24.47 24.70 24.88 24.86 25.29

FLO vs NOMD, BRBR, JJSF: Cyclically Adjusted Revenue per Share Comparison

For the Packaged Foods subindustry, Flowers Foods'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.


Flowers Foods Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

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


FLO
51GF Score
Flowers Foods Inc FLO
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flowers Foods Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Flowers Foods'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)
=7.393/330.2130*330.2130
=7.393

Current CPI (Mar. 2026) = 330.2130.

Flowers Foods Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.474 241.018 6.130
201609 4.397 241.428 6.014
201612 4.142 241.432 5.665
201703 5.648 243.801 7.650
201706 4.407 244.955 5.941
201709 4.450 246.819 5.954
201712 4.139 246.524 5.544
201803 5.709 249.554 7.554
201806 4.450 251.989 5.831
201809 4.365 252.439 5.710
201812 4.151 251.233 5.456
201903 5.965 254.202 7.749
201906 4.604 256.143 5.935
201909 4.559 256.759 5.863
201912 4.328 256.974 5.562
202003 6.373 258.115 8.153
202006 4.832 257.797 6.189
202009 4.658 260.280 5.910
202012 4.813 260.474 6.102
202103 6.120 264.877 7.630
202106 4.775 271.696 5.803
202109 4.821 274.310 5.803
202112 4.613 278.802 5.464
202203 6.732 287.504 7.732
202206 5.293 296.311 5.899
202209 5.429 296.808 6.040
202212 5.084 296.797 5.656
202303 7.191 301.836 7.867
202306 5.765 305.109 6.239
202309 5.670 307.789 6.083
202312 5.299 306.746 5.704
202403 7.434 312.332 7.860
202406 5.770 314.175 6.065
202409 5.617 315.301 5.883
202412 5.237 315.605 5.479
202503 7.327 319.799 7.566
202506 5.863 322.561 6.002
202509 5.783 324.800 5.879
202512 5.811 324.054 5.921
202603 7.393 330.213 7.393

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of $25.29 mean?
Flowers Foods (FLO) has a Cyclically Adjusted Revenue per Share of $25.29 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Flowers Foods and its competitors.
Is Flowers Foods' Cyclically Adjusted Revenue per Share too high?
Flowers Foods' current Cyclically Adjusted Revenue per Share is $25.29. Overall, Flowers Foods has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Flowers Foods' Cyclically Adjusted Revenue per Share compare to NOMD and BRBR?
Flowers Foods' Cyclically Adjusted Revenue per Share of $25.29 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Consumer Packaged Goods company?
A good Cyclically Adjusted Revenue per Share depends on the Consumer Packaged Goods industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Flowers Foods and its competitors. Flowers Foods's current Cyclically Adjusted Revenue per Share is $25.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flowers Foods stock overvalued right now?
Based on GuruFocus' analysis, Flowers Foods (FLO) is currently considered Significantly Undervalued. The stock's GF Value™ is $21.80, compared to a current price of $7.40 — trading 66.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $25.29. Flowers Foods' overall GF Score™ is 51/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Flowers Foods (FLO), the current Cyclically Adjusted Revenue per Share is $25.29 as of Mar. 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 Flowers Foods (FLO) Overvalued in 2026?

Based on GuruFocus' analysis, Flowers Foods stock appears to be undervalued. The current stock price of $7.40 is trading 66.1% below its estimated GF Value™ of $21.80. GuruFocus considers Flowers Foods to be Significantly Undervalued.

Key valuation signals for FLO:

  • Cyclically Adjusted Revenue per Share: $25.29
  • GF Value™: $21.80 vs. price of $7.40 (66.1% below fair value)
  • GF Score™: 51/100 with 6 warning signs

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


Flowers Foods Business Description

Other Exchanges FLO:MexicoFWF:Germany
Address 1919 Flowers Circle, Thomasville, GA, USA, 31757
Flowers Foods Inc operates as a producer and marketer of packaged bakery foods in the United States. Its principal products include breads, buns, rolls, snack items (bars, cakes, cookies, and crackers), bagels, English muffins, tortillas, and baking mixes. These products are sold under the brand names Nature's Own, Dave's Killer Bread (DKB), Canyon Bakehouse, Simple Mills, Wonder, and Tastykake. The company derives the majority of its revenue from the sales of its bakery products.
51GF Score

Get the complete analysis for FLO

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

$7.40
Price
$21.80
GF Value