Thule Group AB (CHIX:THULES) Cyclically Adjusted PS Ratio: (As of Jul. 20, 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.
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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.

CHIX:THULES Thule Group AB CHIX:THULES
71 GF Score
Price kr206.60
GF Value kr302.86
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Thule Group AB Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thule Group AB  (CHIX:THULEs) 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.


Thule Group AB Cyclically Adjusted PS Ratio Related Terms


Thule Group AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thule Group AB'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.

Thule Group AB Cyclically Adjusted PS Ratio Chart

Thule Group AB 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 0.00 2.73 3.24 3.89 2.64

Thule Group AB 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 3.02 2.55 2.64 2.22 0.00

CHIX:THULES vs AS, HAS, LTH: Cyclically Adjusted PS Ratio Comparison

For the Leisure subindustry, Thule Group AB'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.


Thule Group AB Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Thule Group AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CHIX:THULES
71GF Score
Thule Group AB CHIX:THULES
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thule Group AB 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.

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

For example, Thule Group AB'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)
=31.735/134.1100*134.1100
=31.735

Current CPI (Jun. 2026) = 134.1100.

Thule Group AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 12.710 101.138 16.854
201612 9.640 102.022 12.672
201703 15.020 102.022 19.744
201706 19.148 102.752 24.992
201709 13.476 103.279 17.499
201712 9.780 103.793 12.637
201803 15.732 103.962 20.294
201806 20.882 104.875 26.703
201809 15.032 105.679 19.076
201812 11.196 105.912 14.177
201903 17.760 105.886 22.494
201906 22.338 106.742 28.065
201909 16.298 107.214 20.387
201912 11.730 107.766 14.597
202003 16.899 106.563 21.268
202006 19.797 107.498 24.698
202009 23.329 107.635 29.067
202012 15.221 108.296 18.849
202103 24.264 108.360 30.030
202106 30.870 108.928 38.007
202109 26.270 110.338 31.930
202112 17.473 112.486 20.832
202203 28.728 114.825 33.553
202206 31.683 118.384 35.892
202209 20.449 122.296 22.424
202212 15.752 126.365 16.717
202303 21.208 127.042 22.388
202306 28.930 129.407 29.982
202309 21.864 130.224 22.517
202312 14.816 131.912 15.063
202403 22.895 132.205 23.225
202406 29.319 132.716 29.627
202409 22.176 132.304 22.479
202412 15.771 132.987 15.904
202503 24.694 132.825 24.933
202506 31.568 133.699 31.665
202509 23.451 133.480 23.562
202512 17.022 133.390 17.114
202603 23.868 133.560 23.966
202606 31.735 134.110 31.735

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 Thule Group AB (CHIX:THULES) Overvalued in 2026?

Based on GuruFocus' analysis, Thule Group AB stock appears to be undervalued. The current stock price of kr206.60 is trading 31.8% below its estimated GF Value™ of kr302.86. GuruFocus considers Thule Group AB to be Significantly Undervalued.

Key valuation signals for CHIX:THULES:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: kr302.86 vs. price of kr206.60 (31.8% below fair value)
  • GF Score™: 71/100 with 3 warning signs

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


Thule Group AB Business Description

Address Dockgatan 1, Malmo, SWE, SE-211 12
Thule Group AB is a manufacturer of sports and outdoor products. It develops and manufactures premium products that facilitate an active outdoor life. Its product categories; Sport & Cargo Carriers (roof racks, roof boxes, and carriers for transporting cycling, water, and winter sports equipment, and rooftop tents mounted on a car), Juvenile & Pet Products (strollers, bike trailers, and child bike seats), RV Products (awnings, bike carriers and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage, and camera bags). It has two operating segments: Region Europe and ROW, and Region Americas. Geographic markets: Sweden, Other Nordic countries, Germany, Other Europe, the USA, Other North America, Central/South America, Asia/Pacific Rim, and the Rest of the world.
71GF Score

Get the complete analysis for CHIX:THULES

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

kr206.60
Price
kr302.86
GF Value