GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » PepsiCo Inc (NAS:PEP) » Definitions » Cyclically Adjusted PS Ratio

PEP (PepsiCo) Cyclically Adjusted PS Ratio : 2.05 (As of Jun. 26, 2025)


View and export this data going back to 1919. Start your Free Trial

What is PepsiCo Cyclically Adjusted PS Ratio?

As of today (2025-06-26), PepsiCo's current share price is $128.22. PepsiCo's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $62.56. PepsiCo's Cyclically Adjusted PS Ratio for today is 2.05.

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

PEP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.05   Med: 2.85   Max: 3.43
Current: 2.05

During the past years, PepsiCo's highest Cyclically Adjusted PS Ratio was 3.43. The lowest was 2.05. And the median was 2.85.

PEP's Cyclically Adjusted PS Ratio is ranked worse than
68.83% of 77 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.4 vs PEP: 2.05

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.

PepsiCo's adjusted revenue per share data for the three months ended in Mar. 2025 was $13.023. 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 $62.56 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PepsiCo Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PepsiCo'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.

* Premium members only.

PepsiCo Cyclically Adjusted PS Ratio Chart

PepsiCo Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.10 3.35 3.22 2.88 2.47

PepsiCo Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.90 2.71 2.78 2.47 2.40

Competitive Comparison of PepsiCo's Cyclically Adjusted PS Ratio

For the Beverages - Non-Alcoholic subindustry, PepsiCo'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.


PepsiCo's Cyclically Adjusted PS Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PepsiCo's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


;
;

PepsiCo 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=128.22/62.56
=2.05

* 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.

PepsiCo's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, PepsiCo's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=13.023/134.9266*134.9266
=13.023

Current CPI (Mar. 2025) = 134.9266.

PepsiCo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 10.679 100.684 14.311
201509 11.012 100.392 14.800
201512 12.695 99.792 17.165
201603 8.130 100.470 10.918
201606 10.573 101.688 14.029
201609 11.038 101.861 14.621
201612 13.552 101.863 17.951
201703 8.367 102.862 10.975
201706 10.902 103.349 14.233
201709 11.293 104.136 14.632
201712 13.635 104.011 17.688
201803 8.785 105.290 11.258
201806 11.283 106.317 14.319
201809 11.577 106.507 14.666
201812 13.759 105.998 17.514
201903 9.118 107.251 11.471
201906 11.674 108.070 14.575
201909 12.233 108.329 15.236
201912 14.732 108.420 18.334
202003 9.943 108.902 12.319
202006 11.447 108.767 14.200
202009 13.015 109.815 15.991
202012 16.166 109.897 19.848
202103 10.685 111.754 12.901
202106 13.845 114.631 16.296
202109 14.535 115.734 16.945
202112 18.138 117.630 20.805
202203 11.646 121.301 12.954
202206 14.561 125.017 15.715
202209 15.841 125.227 17.068
202212 20.272 125.222 21.843
202303 12.895 127.348 13.662
202306 16.129 128.729 16.906
202309 16.958 129.860 17.620
202312 20.181 129.419 21.040
202403 13.225 131.776 13.541
202406 16.317 132.554 16.609
202409 16.922 133.029 17.163
202412 20.207 133.157 20.476
202503 13.023 134.927 13.023

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.


PepsiCo  (NAS:PEP) 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.


PepsiCo Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of PepsiCo's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PepsiCo Business Description

Address
700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets made up 40% of both total sales and operating profits in 2024.
Executives
Marie T. Gallagher officer: SVP and Controller PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Paula Santilli officer: CEO, Latin America PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
David Flavell officer: EVP, Gen Counsel & Corp Sec PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Ramkumar Krishnan officer: CEO Intl Beverages & CCO TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Eugene Willemsen officer: CEO, AMESA PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Hugh F Johnston officer: EVP, Operations PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Becky Schmitt officer: EVP & Chief HR Officer 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Jennifer Bailey director 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Susan M Diamond director 500 W MAIN ST., LOUISVILLE KY 40202
Robert C Pohlad director 4000 DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402
Ramon Laguarta officer: CEO, PepsiCo Europe PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Steven C Williams officer: CEO, PFNA PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Kirk Tanner officer: President & COO, NAB PEPSICO, INC. 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Edith W Cooper director C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11249
Dave J Lewis director PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577