Green Thumb Industries (FRA:R9U2) 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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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:R9U2 Green Thumb Industries Inc FRA:R9U2
85 GF Score
Price €6.29
GF Value €7.78
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Green Thumb Industries Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Green Thumb Industries  (FRA:R9U2) 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.


Green Thumb Industries Cyclically Adjusted PS Ratio Related Terms


Green Thumb Industries Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Green Thumb Industries'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.

Green Thumb Industries Cyclically Adjusted PS Ratio Chart

Green Thumb Industries Annual Data
Trend Feb16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
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Green Thumb Industries 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 0.14 0.23 0.23 0.16 0.22

FRA:R9U2 vs ZTS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries'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.


Green Thumb Industries Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Green Thumb Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:R9U2
85GF Score
Green Thumb Industries Inc FRA:R9U2
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Green Thumb Industries 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.

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

For example, Green Thumb Industries'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)
=1.184/333.9520*333.9520
=1.184

Current CPI (Jun. 2026) = 333.9520.

Green Thumb Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201411 0.000 236.151 0.000
201502 0.000 234.722 0.000
201505 0.000 237.805 0.000
201508 0.000 238.316 0.000
201511 0.000 237.336 0.000
201602 0.000 237.111 0.000
201803 106.428 249.554 142.421
201806 0.076 251.989 0.101
201809 0.098 252.439 0.130
201812 0.136 251.233 0.181
201903 0.147 254.202 0.193
201906 0.218 256.143 0.284
201909 0.299 256.759 0.389
201912 0.318 256.974 0.413
202003 0.447 258.115 0.578
202006 0.518 257.797 0.671
202009 0.628 260.280 0.806
202012 0.684 260.474 0.877
202103 0.728 264.877 0.918
202106 0.819 271.696 1.007
202109 0.859 274.310 1.046
202112 0.911 278.802 1.091
202203 0.908 287.504 1.055
202206 1.004 296.311 1.132
202209 1.090 296.808 1.226
202212 1.072 296.797 1.206
202303 0.975 301.836 1.079
202306 0.973 305.109 1.065
202309 1.054 307.789 1.144
202312 1.082 306.746 1.178
202403 1.056 312.332 1.129
202406 1.084 314.175 1.152
202409 1.096 315.301 1.161
202412 1.154 315.605 1.221
202503 1.122 319.799 1.172
202506 1.097 322.561 1.136
202509 1.068 324.800 1.098
202512 1.140 324.054 1.175
202603 1.107 330.213 1.120
202606 1.184 333.952 1.184

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 Green Thumb Industries (FRA:R9U2) Overvalued in 2026?

Based on GuruFocus' analysis, Green Thumb Industries stock appears to be undervalued. The current stock price of €6.29 is trading 19.2% below its estimated GF Value™ of €7.78. GuruFocus considers Green Thumb Industries to be Modestly Undervalued.

Key valuation signals for FRA:R9U2:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €7.78 vs. price of €6.29 (19.2% below fair value)
  • GF Score™: 85/100 with 5 warning signs

No single metric tells the full story. See the FRA:R9U2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Green Thumb Industries Business Description

Other Exchanges GTBIF:USAGTII:Canada
Address 325 West Huron Street, Suite 700, Chicago, IL, USA, 60654
Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 14 states and operates more than 100 cannabis stores under the brand Rise. GTI is focusing its expansion on limited-license states with large populations, and it does not currently export into the global medical market due to the USA federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, Incredibles, and RYTHM.
85GF Score

Get the complete analysis for FRA:R9U2

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

€6.29
Price
€7.78
GF Value