Tile Shop Holdings (FRA:2TS0) Cyclically Adjusted PS Ratio: 0.43 (As of Aug. 10, 2026) — 43% Below Median

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FRA:2TS0 Tile Shop Holdings Inc FRA:2TS0
54 GF Score
Price €2.93
GF Value €5.91
! 5 Warning Signs
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What is Tile Shop Holdings Cyclically Adjusted PS Ratio?

Tile Shop Holdings FRA:2TS0 54 Cyclically Adjusted PS Ratio is 0.43 as of Aug. 10, 2026, which is 43% below its 10-year median of 0.76. GuruFocus rates FRA:2TS0 with a GF Score™ of 54/100 and a GF Value™ of €5.91. The stock has 5 warning signs investors should review. Among 804 Retail - Cyclical companies, Tile Shop Holdings ranks better than 62.81% on this metric.

As of today (2026-08-10), Tile Shop Holdings's current share price is €2.925. Tile Shop Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was €6.85. Tile Shop Holdings's Cyclically Adjusted PS Ratio for today is 0.43.

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

FRA:2TS0' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.76   Max: 1.31
Current: 0.35

During the past years, Tile Shop Holdings's highest Cyclically Adjusted PS Ratio was 1.31. The lowest was 0.33. And the median was 0.76.

FRA:2TS0's Cyclically Adjusted PS Ratio is ranked better than
62.81% of 804 companies
in the Retail - Cyclical industry
Industry Median: 0.5 vs FRA:2TS0: 0.35

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.

Tile Shop Holdings's adjusted revenue per share data for the three months ended in Dec. 2025 was €1.480. 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 €6.85 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tile Shop Holdings  (FRA:2TS0) 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.


Tile Shop Holdings Cyclically Adjusted PS Ratio Related Terms


Tile Shop Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tile Shop Holdings'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.

Tile Shop Holdings Cyclically Adjusted PS Ratio Chart

Tile Shop Holdings 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 1.04 0.59 0.93 0.84 0.41

Tile Shop Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.84 0.77 0.75 0.71 0.41

FRA:2TS0 vs LIVE, HVT, HD: Cyclically Adjusted PS Ratio Comparison

For the Home Improvement Retail subindustry, Tile Shop Holdings'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.


Tile Shop Holdings Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tile Shop Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:2TS0
54GF Score
Tile Shop Holdings Inc FRA:2TS0
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tile Shop Holdings 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.

Tile Shop Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.925/6.85
=0.43

* 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.

Tile Shop Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Tile Shop Holdings's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.48/324.0540*324.0540
=1.480

Current CPI (Dec. 2025) = 324.0540.

Tile Shop Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 1.472 238.132 2.003
201606 1.444 241.018 1.941
201609 1.348 241.428 1.809
201612 1.395 241.432 1.872
201703 1.652 243.801 2.196
201706 1.525 244.955 2.017
201709 1.361 246.819 1.787
201712 1.280 246.524 1.683
201803 1.424 249.554 1.849
201806 1.529 251.989 1.966
201809 1.463 252.439 1.878
201812 1.414 251.233 1.824
201903 1.478 254.202 1.884
201906 1.543 256.143 1.952
201909 1.568 256.759 1.979
201912 1.421 256.974 1.792
202003 1.712 258.115 2.149
202006 1.205 257.797 1.515
202009 1.365 260.280 1.699
202012 1.305 260.474 1.624
202103 1.515 264.877 1.853
202106 1.555 271.696 1.855
202109 1.526 274.310 1.803
202112 1.561 278.802 1.814
202203 1.819 287.504 2.050
202206 1.986 296.311 2.172
202209 1.935 296.808 2.113
202212 1.888 296.797 2.061
202303 2.190 301.836 2.351
202306 2.091 305.109 2.221
202309 1.973 307.789 2.077
202312 1.768 306.746 1.868
202403 1.930 312.332 2.002
202406 1.940 314.175 2.001
202409 1.735 315.301 1.783
202412 1.722 315.605 1.768
202503 1.853 319.799 1.878
202506 1.743 322.561 1.751
202509 1.610 324.800 1.606
202512 1.480 324.054 1.480

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 0.43 mean?
Tile Shop Holdings (FRA:2TS0) has a Cyclically Adjusted PS Ratio of 0.43 as of Aug. 10, 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 Tile Shop Holdings and its competitors. This is 43% below median its historical median of 0.76. Over the past decade, Tile Shop Holdings' Cyclically Adjusted PS Ratio has ranged from 0.33 to 1.31. According to the industry distribution chart, Tile Shop Holdings ranks #299 out of 804 companies in the Retail - Cyclical industry, placing it in the top 37.2%.
Is Tile Shop Holdings' Cyclically Adjusted PS Ratio too high?
Tile Shop Holdings' current Cyclically Adjusted PS Ratio of 0.43 is 43% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.31. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. Tile Shop Holdings' value of 0.43 is 14% below this industry median. Based on the distribution chart, Tile Shop Holdings ranks #299 out of 804 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Tile Shop Holdings has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Tile Shop Holdings' Cyclically Adjusted PS Ratio compare to LIVE and HVT?
According to the Retail - Cyclical industry distribution chart, Tile Shop Holdings ranks #299 out of 804 companies for Cyclically Adjusted PS Ratio. This puts Tile Shop Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. Tile Shop Holdings' value of 0.43 is 14% below this benchmark. Historically, Tile Shop Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.33 to 1.31 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.50, Tile Shop Holdings has consistently been below 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 804 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. Tile Shop Holdings's current Cyclically Adjusted PS Ratio of 0.43 is 14% below 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 Tile Shop Holdings and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tile Shop Holdings's current Cyclically Adjusted PS Ratio is 0.43, which is 43% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tile Shop Holdings stock overvalued right now?
Tile Shop Holdings (FRA:2TS0) has a current Cyclically Adjusted PS Ratio of 0.43. The stock's GF Value™ is €5.91, compared to a current price of €2.93 — trading 50.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.43, which is 43% below median its 10-year median of 0.76 and 14% below the Retail - Cyclical industry median of 0.50. Tile Shop Holdings' overall GF Score™ is 54/100 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 Tile Shop Holdings (FRA:2TS0), the current Cyclically Adjusted PS Ratio is 0.43 as of Aug. 10, 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 Tile Shop Holdings (FRA:2TS0) Overvalued in 2026?

Based on GuruFocus' analysis, Tile Shop Holdings stock appears to be undervalued. The current stock price of €2.93 is trading 50.5% below its estimated GF Value™ of €5.91.

Key valuation signals for FRA:2TS0:

  • Cyclically Adjusted PS Ratio: 0.43 (43% below median its 10-year median of 0.76)
  • GF Value™: €5.91 vs. price of €2.93 (50.5% below fair value)
  • GF Score™: 54/100 with 5 warning signs
  • Industry Position: 14% below the Retail - Cyclical median (#299 of 804)

No single metric tells the full story. See the FRA:2TS0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tile Shop Holdings Business Description

Other Exchanges TTSH:USA
Address 14000 Carlson Parkway, Plymouth, MN, USA, 55441
Tile Shop Holdings Inc is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It manufactures its setting and maintenance materials, such as thinset, grout, and sealers. The company's primary market is retail sales to consumers, contractors, designers and home builders. Natural stone products include marble, travertine, granite, quartz, sandstone, slate, and onyx tiles. Man-made products include ceramic, porcelain, glass, cement, wood look, metal and luxury vinyl tile. The company earns majority of their revenue in the United States.
54GF Score

Get the complete analysis for FRA:2TS0

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

€2.93
Price
€5.91
GF Value