McCormick (FRA:MCX) Cyclically Adjusted Revenue per Share: €22.64 (As of May. 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.

FRA:MCX McCormick & Co Inc FRA:MCX
73 GF Score
Price €45.82
GF Value €67.65
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is McCormick Cyclically Adjusted Revenue per Share?

McCormick FRA:MCX +2.32% 73 Cyclically Adjusted Revenue per Share is €22.64 as of May. 2026. GuruFocus rates FRA:MCX with a GF Score™ of 73/100 and a GF Value™ of €67.65 (Significantly Undervalued). The stock has 5 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.

McCormick's adjusted revenue per share for the three months ended in May. 2026 was €6.158. 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 €22.64 for the trailing ten years ended in May. 2026.

During the past 12 months, McCormick's average Cyclically Adjusted Revenue Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.40% 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 McCormick was 8.30% per year. The lowest was 4.20% per year. And the median was 5.70% per year.

As of today (2026-07-20), McCormick's current stock price is €45.82. McCormick's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was €22.64. McCormick's Cyclically Adjusted PS Ratio of today is 2.02.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of McCormick was 5.68. The lowest was 1.74. And the median was 3.43.


McCormick  (FRA:MCX) 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.

McCormick's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=45.82/22.64
=2.02

* 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 McCormick was 5.68. The lowest was 1.74. And the median was 3.43.


Be Aware

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


McCormick Cyclically Adjusted Revenue per Share Related Terms


McCormick Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for McCormick'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.

McCormick Cyclically Adjusted Revenue per Share Chart

McCormick Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.44 21.46 21.53 23.02 21.95

McCormick Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 22.20 21.63 21.95 21.93 22.64

FRA:MCX vs JBS, HRL, SJM: Cyclically Adjusted Revenue per Share Comparison

For the Packaged Foods subindustry, McCormick'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.


McCormick Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

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


FRA:MCX
73GF Score
McCormick & Co Inc FRA:MCX
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

McCormick 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, McCormick's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=6.158/335.1230*335.1230
=6.158

Current CPI (May. 2026) = 335.1230.

McCormick Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 3.804 240.849 5.293
201611 4.464 241.353 6.198
201702 3.861 243.603 5.312
201705 3.989 244.733 5.462
201708 3.927 245.519 5.360
201711 4.477 246.669 6.082
201802 3.704 248.991 4.985
201805 4.142 251.588 5.517
201808 4.285 252.146 5.695
201811 4.820 252.038 6.409
201902 4.054 252.776 5.375
201905 4.346 256.092 5.687
201908 4.452 256.558 5.815
201911 5.006 257.208 6.522
202002 4.136 258.678 5.358
202005 4.785 256.394 6.254
202008 4.483 259.918 5.780
202011 4.892 260.229 6.300
202102 4.539 263.014 5.783
202105 4.745 269.195 5.907
202108 4.878 273.567 5.976
202111 5.622 277.948 6.778
202202 4.958 283.716 5.856
202205 5.375 292.296 6.163
202208 5.828 296.171 6.594
202211 6.170 297.711 6.945
202302 5.419 300.840 6.037
202305 5.658 304.127 6.235
202308 5.720 307.026 6.243
202311 6.003 307.051 6.552
202402 5.511 310.326 5.951
202405 5.636 314.069 6.014
202408 5.649 314.796 6.014
202411 6.282 315.493 6.673
202502 5.719 319.082 6.007
202505 5.464 321.465 5.696
202508 5.502 323.976 5.691
202511 5.941 324.122 6.143
202602 5.885 326.785 6.035
202605 6.158 335.123 6.158

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 €22.64 mean?
McCormick (FRA:MCX) has a Cyclically Adjusted Revenue per Share of €22.64 as of May. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on McCormick and its competitors.
Is McCormick's Cyclically Adjusted Revenue per Share too high?
McCormick's current Cyclically Adjusted Revenue per Share is €22.64. Overall, McCormick has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does McCormick's Cyclically Adjusted Revenue per Share compare to JBS and HRL?
McCormick's Cyclically Adjusted Revenue per Share of €22.64 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 McCormick and its competitors. McCormick's current Cyclically Adjusted Revenue per Share is €22.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McCormick stock overvalued right now?
Based on GuruFocus' analysis, McCormick (FRA:MCX) is currently considered Significantly Undervalued. The stock's GF Value™ is €67.65, compared to a current price of €45.82 — trading 32.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €22.64. McCormick's overall GF Score™ is 73/100 with 5 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 McCormick (FRA:MCX), the current Cyclically Adjusted Revenue per Share is €22.64 as of May. 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 McCormick (FRA:MCX) Overvalued in 2026?

Based on GuruFocus' analysis, McCormick stock appears to be undervalued. The current stock price of €45.82 is trading 32.3% below its estimated GF Value™ of €67.65. GuruFocus considers McCormick to be Significantly Undervalued.

Key valuation signals for FRA:MCX:

  • Cyclically Adjusted Revenue per Share: €22.64
  • GF Value™: €67.65 vs. price of €45.82 (32.3% below fair value)
  • GF Score™: 73/100 with 5 warning signs

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


McCormick Business Description

Address 24 Schilling Road, Suite 1, Hunt Valley, MD, USA, 21031
In its 135-plus-year history, McCormick has become the leading global manufacturer of spices, herbs, extracts, seasonings, and other flavorings. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula. This mix will be complemented by the pending addition of Unilever's food brands, primarily Knorr cooking aids and Hellmann's mayonnaise. After the deal close, the combined business is slated to generate 70% of sales from consumers and 30% from restaurants and other packaged food and beverage manufacturers. Around 40% of sales are slated to come from faster-growing emerging markets, with Europe (23%) and North America (36%) accounting for the remainder.
73GF Score

Get the complete analysis for FRA:MCX

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

€45.82
Price
€67.65
GF Value