McCormick (MEX:MKC) Cyclically Adjusted Revenue per Share: MXN459.05 (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.

MEX:MKC McCormick & Co Inc MEX:MKC
69 GF Score
Price MXN932.00
GF Value MXN1,356.42
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is McCormick Cyclically Adjusted Revenue per Share?

McCormick MEX:MKC 69 Cyclically Adjusted Revenue per Share is MXN459.05 as of May. 2026. GuruFocus rates MEX:MKC with a GF Score™ of 69/100 and a GF Value™ of MXN1,356.42 (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 MXN124.813. 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 MXN459.05 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 (2026-07-17), McCormick's current stock price is MXN932.00. McCormick's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was MXN459.05. McCormick's Cyclically Adjusted PS Ratio of today is 2.03.

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  (MEX:MKC) 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
=932.00/459.05
=2.03

* 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 421.75 479.37 425.72 512.21 458.41

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 473.76 472.19 458.41 441.94 459.05

MEX:MKC 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.


MEX:MKC
69GF Score
McCormick & Co Inc MEX:MKC
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)
=124.813/335.1230*335.1230
=124.813

Current CPI (May. 2026) = 335.1230.

McCormick Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 80.392 240.849 111.859
201611 98.509 241.353 136.782
201702 82.236 243.603 113.132
201705 82.228 244.733 112.598
201708 82.479 245.519 112.580
201711 97.904 246.669 133.012
201802 86.150 248.991 115.951
201805 97.918 251.588 130.430
201808 95.072 252.146 126.359
201811 111.174 252.038 147.823
201902 88.658 252.776 117.540
201905 95.537 256.092 125.020
201908 99.380 256.558 129.813
201911 108.113 257.208 140.863
202002 88.994 258.678 115.294
202005 115.689 256.394 151.213
202008 116.079 259.918 149.665
202011 116.524 260.229 150.060
202102 114.914 263.014 146.419
202105 114.908 269.195 143.050
202108 115.195 273.567 141.115
202111 137.686 277.948 166.009
202202 114.830 283.716 135.636
202205 111.809 292.296 128.191
202208 118.613 296.171 134.213
202211 121.806 297.711 137.113
202302 106.446 300.840 118.576
202305 109.151 304.127 120.275
202308 105.292 307.026 114.928
202311 112.885 307.051 123.205
202402 101.405 310.326 109.508
202405 103.539 314.069 110.480
202408 122.858 314.796 130.791
202411 135.922 315.493 144.379
202502 122.277 319.082 128.424
202505 119.689 321.465 124.774
202508 120.804 323.976 124.960
202511 125.834 324.122 130.105
202602 119.784 326.785 122.840
202605 124.813 335.123 124.813

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 MXN459.05 mean?
McCormick (MEX:MKC) has a Cyclically Adjusted Revenue per Share of MXN459.05 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 MXN459.05. Overall, McCormick has a GF Score™ of 69/100 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 MXN459.05 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 MXN459.05. 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 (MEX:MKC) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,356.42, compared to a current price of MXN932.00 — trading 31.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN459.05. McCormick's overall GF Score™ is 69/100 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 (MEX:MKC), the current Cyclically Adjusted Revenue per Share is MXN459.05 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 (MEX:MKC) Overvalued in 2026?

Based on GuruFocus' analysis, McCormick stock appears to be undervalued. The current stock price of MXN932.00 is trading 31.3% below its estimated GF Value™ of MXN1,356.42. GuruFocus considers McCormick to be Significantly Undervalued.

Key valuation signals for MEX:MKC:

  • Cyclically Adjusted Revenue per Share: MXN459.05
  • GF Value™: MXN1,356.42 vs. price of MXN932.00 (31.3% below fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the MEX:MKC 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.
69GF Score

Get the complete analysis for MEX:MKC

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

MXN932.00
Price
MXN1,356.42
GF Value