Tesmec SpA (FRA:2GV) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:2GV Tesmec SpA FRA:2GV
58 GF Score
Price €0.51
GF Value €0.12
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Tesmec SpA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tesmec SpA  (FRA:2GV) 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.


Tesmec SpA Cyclically Adjusted PS Ratio Related Terms


Tesmec SpA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tesmec SpA'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.

Tesmec SpA Cyclically Adjusted PS Ratio Chart

Tesmec SpA 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 0.12 0.16 0.14 0.07 0.22

Tesmec SpA 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 0.06 0.14 0.21 0.17 0.56

FRA:2GV vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Tesmec SpA'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.


Tesmec SpA Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tesmec SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:2GV
58GF Score
Tesmec SpA FRA:2GV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tesmec SpA 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.

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

For example, Tesmec SpA'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)
=0.13/126.4000*126.4000
=0.130

Current CPI (Jun. 2026) = 126.4000.

Tesmec SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.179 100.100 0.226
201612 0.104 100.300 0.131
201703 0.258 101.000 0.323
201706 0.214 101.100 0.268
201709 0.213 101.200 0.266
201712 0.225 101.200 0.281
201803 0.242 101.800 0.300
201806 0.230 102.400 0.284
201809 0.256 102.600 0.315
201812 0.281 102.300 0.347
201903 0.259 102.800 0.318
201906 0.247 103.100 0.303
201909 0.242 102.900 0.297
201912 0.293 102.800 0.360
202003 0.165 102.900 0.203
202006 0.202 102.900 0.248
202009 0.239 102.300 0.295
202012 0.089 102.600 0.110
202103 0.081 103.700 0.099
202106 0.080 104.200 0.097
202109 0.079 104.900 0.095
202112 0.083 106.600 0.098
202203 0.093 110.400 0.106
202206 0.095 112.500 0.107
202209 0.100 114.200 0.111
202212 0.119 119.000 0.126
202303 0.096 118.800 0.102
202306 0.113 119.700 0.119
202309 0.113 120.300 0.119
202312 0.097 119.700 0.102
202403 0.093 120.200 0.098
202406 0.103 120.700 0.108
202409 0.103 121.200 0.107
202412 0.084 121.200 0.088
202503 0.102 122.500 0.105
202506 0.112 122.700 0.115
202509 0.106 123.100 0.109
202512 0.109 122.600 0.112
202603 0.110 124.560 0.112
202606 0.130 126.400 0.130

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 Tesmec SpA (FRA:2GV) Overvalued in 2026?

Based on GuruFocus' analysis, Tesmec SpA stock appears to be overvalued. The current stock price of €0.51 is trading 325% above its estimated GF Value™ of €0.12. GuruFocus considers Tesmec SpA to be Significantly Overvalued.

Key valuation signals for FRA:2GV:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.12 vs. price of €0.51 (325% above fair value)
  • GF Score™: 58/100 with 6 warning signs

No single metric tells the full story. See the FRA:2GV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tesmec SpA Business Description

Other Exchanges TSMCF:USATES:Italy0MVJ:UK
Address Via Zanica 17/O, Grassobbio, Bergamo, ITA, 24050
Tesmec SpA specialises in developing technologies and solutions for the construction, maintenance, and management of strategic infrastructure in the energy, telecommunications, rail, and natural resources sectors. Its product portfolio consists of rock trenching equipment, surface miners, stringing equipment, railway equipment, and electronic devices for smart grid management. The Group's operating segments are: Energy, Trencher, and Rail. The majority of its revenue is generated from the Trencher segment, which offers crawler trenching machines for excavation, surface mines, and earth-moving works. This segment also includes the provision of excavation services for power networks and fibre optic cables. Geographically, the Group operates globally and generates maximum revenue from Italy.
58GF Score

Get the complete analysis for FRA:2GV

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

€0.51
Price
€0.12
GF Value