Tianqi Lithium (FRA:2220) Cyclically Adjusted PS Ratio: 4.52 (As of Aug. 09, 2026) — 55% Below Median

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.

FRA:2220 Tianqi Lithium Corp FRA:2220
69 GF Score
Price €3.80
GF Value €1.95
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Tianqi Lithium Cyclically Adjusted PS Ratio?

Tianqi Lithium FRA:2220 +2.82% 69 Cyclically Adjusted PS Ratio is 4.52 as of Aug. 09, 2026, which is 55% below its 10-year median of 10.10. GuruFocus rates FRA:2220 with a GF Score™ of 69/100 and a GF Value™ of €1.95 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,275 Chemicals companies, Tianqi Lithium ranks worse than 86.12% on this metric.

As of today (2026-08-09), Tianqi Lithium's current share price is €3.795. Tianqi Lithium's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.84. Tianqi Lithium's Cyclically Adjusted PS Ratio for today is 4.52.

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

FRA:2220' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.08   Med: 10.1   Max: 50.97
Current: 5.18

During the past years, Tianqi Lithium's highest Cyclically Adjusted PS Ratio was 50.97. The lowest was 3.08. And the median was 10.10.

FRA:2220's Cyclically Adjusted PS Ratio is ranked worse than
86.12% of 1275 companies
in the Chemicals industry
Industry Median: 1.34 vs FRA:2220: 5.18

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.

Tianqi Lithium's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.377. 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 €0.84 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tianqi Lithium  (FRA:2220) 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.


Tianqi Lithium Cyclically Adjusted PS Ratio Related Terms


Tianqi Lithium Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tianqi Lithium'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.

Tianqi Lithium Cyclically Adjusted PS Ratio Chart

Tianqi Lithium 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 36.52 14.39 7.18 3.91 6.17

Tianqi Lithium Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.54 3.70 5.39 6.17 6.00

FRA:2220 vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Tianqi Lithium'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.


Tianqi Lithium Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tianqi Lithium's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:2220
69GF Score
Tianqi Lithium Corp FRA:2220
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tianqi Lithium 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.

Tianqi Lithium's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.795/0.84
=4.52

* 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.

Tianqi Lithium's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.377/116.3033*116.3033
=0.377

Current CPI (Mar. 2026) = 116.3033.

Tianqi Lithium Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.095 101.400 0.109
201609 0.107 102.400 0.122
201612 0.117 102.600 0.133
201703 0.110 103.200 0.124
201706 0.131 103.100 0.148
201709 0.150 104.100 0.168
201712 0.145 104.500 0.161
201803 0.158 105.300 0.175
201806 0.158 104.900 0.175
201809 0.134 106.600 0.146
201812 0.166 106.500 0.181
201903 0.127 107.700 0.137
201906 0.117 107.700 0.126
201909 0.114 109.800 0.121
201912 0.117 111.200 0.122
202003 0.085 112.300 0.088
202006 0.076 110.400 0.080
202009 0.047 111.700 0.049
202012 0.068 111.500 0.071
202103 0.080 112.662 0.083
202106 0.133 111.769 0.138
202109 0.129 112.215 0.134
202112 0.355 113.108 0.365
202203 0.509 114.335 0.518
202206 0.865 114.558 0.878
202209 0.919 115.339 0.927
202212 1.302 115.116 1.315
202303 0.945 115.116 0.955
202306 1.050 114.558 1.066
202309 0.670 115.339 0.676
202312 0.559 114.781 0.566
202403 0.202 115.227 0.204
202406 0.300 114.781 0.304
202409 0.283 115.785 0.284
202412 0.239 114.893 0.242
202503 0.190 115.116 0.192
202506 0.166 114.907 0.168
202509 0.201 115.471 0.202
202512 0.210 115.832 0.211
202603 0.377 116.303 0.377

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.

What does a Cyclically Adjusted PS Ratio of 4.52 mean?
Tianqi Lithium (FRA:2220) has a Cyclically Adjusted PS Ratio of 4.52 as of Aug. 09, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tianqi Lithium and its competitors. This is 55% below median its historical median of 10.10. Over the past decade, Tianqi Lithium's Cyclically Adjusted PS Ratio has ranged from 3.08 to 50.97. According to the industry distribution chart, Tianqi Lithium ranks #1098 out of 1275 companies in the Chemicals industry, placing it in the top 86.1%.
Is Tianqi Lithium's Cyclically Adjusted PS Ratio too high?
Tianqi Lithium's current Cyclically Adjusted PS Ratio of 4.52 is 55% below median its 10-year median of 10.10. Over the past 10 years, this metric has ranged from a low of 3.08 to a high of 50.97. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.34. Tianqi Lithium's value of 4.52 is 237.3% above this industry median. Based on the distribution chart, Tianqi Lithium ranks #1098 out of 1275 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Tianqi Lithium has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tianqi Lithium's Cyclically Adjusted PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tianqi Lithium ranks #1098 out of 1275 companies for Cyclically Adjusted PS Ratio. This places Tianqi Lithium in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Tianqi Lithium's value of 4.52 is 237.3% above this benchmark. Historically, Tianqi Lithium's own Cyclically Adjusted PS Ratio has ranged from 3.08 to 50.97 over the past decade. While the company's 10-year median is 10.10 vs. the industry median of 1.34, Tianqi Lithium 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 PS Ratio for a Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.34, based on 1,275 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tianqi Lithium's current Cyclically Adjusted PS Ratio of 4.52 is 237.3% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tianqi Lithium and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianqi Lithium's current Cyclically Adjusted PS Ratio is 4.52, which is 55% below median its own 10-year median of 10.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianqi Lithium stock overvalued right now?
Based on GuruFocus' analysis, Tianqi Lithium (FRA:2220) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.95, compared to a current price of €3.80 — trading 94.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.52, which is 55% below median its 10-year median of 10.10 and 237.3% above the Chemicals industry median of 1.34. Tianqi Lithium'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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Tianqi Lithium (FRA:2220), the current Cyclically Adjusted PS Ratio is 4.52 as of Aug. 09, 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 Tianqi Lithium (FRA:2220) Overvalued in 2026?

Based on GuruFocus' analysis, Tianqi Lithium stock appears to be overvalued. The current stock price of €3.80 is trading 94.6% above its estimated GF Value™ of €1.95. GuruFocus considers Tianqi Lithium to be Significantly Overvalued.

Key valuation signals for FRA:2220:

  • Cyclically Adjusted PS Ratio: 4.52 (55% below median its 10-year median of 10.10)
  • GF Value™: €1.95 vs. price of €3.80 (94.6% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 237.3% above the Chemicals median (#1098 of 1275)

No single metric tells the full story. See the FRA:2220 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tianqi Lithium Business Description

Address No. 166, Hongliang West 1st Street, Tianfu New District, Sichuan Province, Chengdu, CHN, 610299
Tianqi Lithium is a leading new energy materials company headquartered in Sichuan, China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that achieved 100% self-sufficiency and has fully vertically integrated lithium mines. The firm operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
69GF Score

Get the complete analysis for FRA:2220

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

€3.80
Price
€1.95
GF Value