TPSRF (Topsports International Holdings) Cyclically Adjusted PB Ratio: 1.30 (As of Jul. 15, 2026) — 29% Below Median

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TPSRF Topsports International Holdings Ltd TPSRF
40 GF Score
Price $0.21
GF Value $0.35
Valuation Possible Value Trap
! 5 Warning Signs
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What is Topsports International Holdings Cyclically Adjusted PB Ratio?

Topsports International Holdings TPSRF 40 Cyclically Adjusted PB Ratio is 1.30 as of Jul. 15, 2026, which is 29% below its 10-year median of 1.83. GuruFocus rates TPSRF with a GF Score™ of 40/100 and a GF Value™ of $0.35 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 809 Retail - Cyclical companies, Topsports International Holdings ranks better than 51.3% on this metric.

As of today (2026-07-15), Topsports International Holdings's current share price is $0.20797. Topsports International Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Feb26 was $0.16. Topsports International Holdings's Cyclically Adjusted PB Ratio for today is 1.30.

The historical rank and industry rank for Topsports International Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPSRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.16   Med: 1.83   Max: 1.97
Current: 1.16

During the past 10 years, Topsports International Holdings's highest Cyclically Adjusted PB Ratio was 1.97. The lowest was 1.16. And the median was 1.83.

TPSRF's Cyclically Adjusted PB Ratio is ranked better than
51.3% of 809 companies
in the Retail - Cyclical industry
Industry Median: 1.25 vs TPSRF: 1.16

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Topsports International Holdings's adjusted book value per share data of for the fiscal year that ended in Feb26 was $0.201. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $0.16 for the trailing ten years ended in Feb26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Topsports International Holdings  (OTCPK:TPSRF) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Topsports International Holdings Cyclically Adjusted PB Ratio Related Terms


Topsports International Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Topsports International Holdings's Cyclically Adjusted PB 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.

Topsports International Holdings Cyclically Adjusted PB Ratio Chart

Topsports International Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.03

Topsports International Holdings Semi-Annual Data
Feb17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Cyclically Adjusted PB 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 0.00 0.00 0.00 0.00 2.03

TPSRF vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Topsports International Holdings's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Topsports International Holdings Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Topsports International Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Topsports International Holdings's Cyclically Adjusted PB Ratio falls into.


TPSRF
40GF Score
Topsports International Holdings Ltd TPSRF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Topsports International Holdings Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Topsports International Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.20797/0.16
=1.30

* 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.

Topsports International Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Feb26 is calculated as:

For example, Topsports International Holdings's adjusted Book Value per Share data for the fiscal year that ended in Feb26 was:

Adj_Book=Book Value per Share/CPI of Feb26 (Change)*Current CPI (Feb26)
=0.201/121.4731*121.4731
=0.201

Current CPI (Feb26) = 121.4731.

Topsports International Holdings Annual Data

Book Value per Share CPI Adj_Book
201702 0.115 103.115 0.135
201802 0.097 106.303 0.111
201902 0.047 108.501 0.053
202002 0.243 111.030 0.266
202102 0.242 111.469 0.264
202202 0.269 113.338 0.288
202302 0.232 115.317 0.244
202402 0.221 117.735 0.228
202502 0.201 119.384 0.205
202602 0.201 121.473 0.201

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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 PB Ratio of 1.30 mean?
Topsports International Holdings (TPSRF) has a Cyclically Adjusted PB Ratio of 1.30 as of Jul. 15, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Topsports International Holdings and its competitors. This is 29% below median its historical median of 1.83. Over the past decade, Topsports International Holdings' Cyclically Adjusted PB Ratio has ranged from 1.16 to 1.97. According to the industry distribution chart, Topsports International Holdings ranks #394 out of 809 companies in the Retail - Cyclical industry, placing it in the top 48.7%.
Is Topsports International Holdings' Cyclically Adjusted PB Ratio too high?
Topsports International Holdings' current Cyclically Adjusted PB Ratio of 1.30 is 29% below median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 1.97. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.25. Topsports International Holdings' value of 1.30 is 4% above this industry median. Based on the distribution chart, Topsports International Holdings ranks #394 out of 809 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Topsports International Holdings has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Topsports International Holdings' Cyclically Adjusted PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Topsports International Holdings ranks #394 out of 809 companies for Cyclically Adjusted PB Ratio. This puts Topsports International Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Topsports International Holdings' value of 1.30 is 4% above this benchmark. Historically, Topsports International Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.16 to 1.97 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 1.25, Topsports International Holdings 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 PB Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.25, based on 809 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Topsports International Holdings's current Cyclically Adjusted PB Ratio of 1.30 is 4% 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 PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Topsports International Holdings and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topsports International Holdings's current Cyclically Adjusted PB Ratio is 1.30, which is 29% below median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topsports International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Topsports International Holdings (TPSRF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.35, compared to a current price of $0.21 — trading 40.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.30, which is 29% below median its 10-year median of 1.83 and 4% above the Retail - Cyclical industry median of 1.25. Topsports International Holdings' overall GF Score™ is 40/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Topsports International Holdings (TPSRF), the current Cyclically Adjusted PB Ratio is 1.30 as of Jul. 15, 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 Topsports International Holdings (TPSRF) Overvalued in 2026?

Based on GuruFocus' analysis, Topsports International Holdings stock appears to be undervalued. The current stock price of $0.21 is trading 40.6% below its estimated GF Value™ of $0.35. GuruFocus considers Topsports International Holdings to be Possible Value Trap.

Key valuation signals for TPSRF:

  • Cyclically Adjusted PB Ratio: 1.30 (29% below median its 10-year median of 1.83)
  • GF Value™: $0.35 vs. price of $0.21 (40.6% below fair value)
  • GF Score™: 40/100 with 5 warning signs
  • Industry Position: 4% above the Retail - Cyclical median (#394 of 809)

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


Topsports International Holdings Business Description

Other Exchanges 06110:Hong Kong
Address 30-34 Kwai Wing Road, M1, 6th Floor, The Edge, Kwai Chung, Kowloon, New Territories, Hong Kong, HKG
Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers. The firm operates more than 4,000 stores directly as of the end of fiscal 2026, and most of these single-brand stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. Topsports also has partnerships with sportswear brands such as Puma, Li-Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.
40GF Score

Get the complete analysis for TPSRF

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

$0.21
Price
$0.35
GF Value