Totvs (BSP:TOTS3) Cyclically Adjusted PS Ratio: (As of Aug. 08, 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.

BSP:TOTS3 Totvs SA BSP:TOTS3
91 GF Score
Price R$32.21
GF Value R$46.44
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Totvs Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Totvs  (BSP:TOTS3) 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.


Totvs Cyclically Adjusted PS Ratio Related Terms


Totvs Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Totvs'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.

Totvs Cyclically Adjusted PS Ratio Chart

Totvs Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.43 4.88 5.55 4.08 5.89

Totvs Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.10 6.50 5.89 4.73 0.00

BSP:TOTS3 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Totvs'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.


Totvs Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Totvs's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BSP:TOTS3
91GF Score
Totvs SA BSP:TOTS3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Totvs 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.

Totvs's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Totvs's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.248/177.5443*177.5443
=3.248

Current CPI (Jun. 2026) = 177.5443.

Totvs Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.080 109.986 1.743
201612 1.092 110.802 1.750
201703 1.129 111.869 1.792
201706 1.113 112.115 1.763
201709 1.133 112.777 1.784
201712 0.649 114.068 1.010
201803 1.046 114.868 1.617
201806 1.018 117.038 1.544
201809 1.107 117.881 1.667
201812 1.049 118.340 1.574
201903 1.138 120.124 1.682
201906 1.096 120.977 1.608
201909 1.069 121.292 1.565
201912 1.001 123.436 1.440
202003 1.041 124.092 1.489
202006 1.088 123.557 1.563
202009 1.179 125.095 1.673
202012 1.200 129.012 1.651
202103 1.253 131.660 1.690
202106 1.219 133.871 1.617
202109 1.341 137.913 1.726
202112 1.344 141.992 1.681
202203 1.458 146.537 1.767
202206 1.482 149.784 1.757
202209 1.586 147.800 1.905
202212 1.636 150.207 1.934
202303 1.734 153.352 2.008
202306 1.776 154.519 2.041
202309 1.857 155.464 2.121
202312 1.918 157.148 2.167
202403 2.001 159.372 2.229
202406 2.103 161.052 2.318
202409 2.188 162.342 2.393
202412 1.831 164.740 1.973
202503 2.328 168.102 2.459
202506 2.356 169.670 2.465
202509 2.605 170.739 2.709
202512 2.103 171.765 2.174
202603 2.844 175.066 2.884
202606 3.248 177.544 3.248

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.

Is Totvs (BSP:TOTS3) Overvalued in 2026?

Based on GuruFocus' analysis, Totvs stock appears to be undervalued. The current stock price of R$32.21 is trading 30.6% below its estimated GF Value™ of R$46.44. GuruFocus considers Totvs to be Significantly Undervalued.

Key valuation signals for BSP:TOTS3:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$46.44 vs. price of R$32.21 (30.6% below fair value)
  • GF Score™: 91/100 with 1 warning sign

No single metric tells the full story. See the BSP:TOTS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Totvs Business Description

Other Exchanges TTVSY:USA
Address Avenida Braz Leme, Sao Paulo, SP, BRA, 1000
Totvs SA is a provider of information technology solutions to small and medium enterprises in the education, government, healthcare, and retail end markets. The Company's business purpose is to provide business solutions for companies of all sizes, through the development and sale of management software, productivity platforms, collaboration, and data intelligence, digital marketing, as well as the provision of implementation, consulting, advisory, maintenance services, e-commerce, and mobility. The Company operates in three reportable segments, which include the TOTVS Management segment, the RD Station segment, and the TOTVS Techfin segment. The majority of its revenues is generated from the TOTVS Management segment.
91GF Score

Get the complete analysis for BSP:TOTS3

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

R$32.21
Price
R$46.44
GF Value