Thalassa Holdings (FRA:TH2P) Cyclically Adjusted PS Ratio: 10.30 (As of Jul. 12, 2026) — 591% Above Median


FRA:TH2P Thalassa Holdings Ltd FRA:TH2P
37 GF Score
Price €0.21
! 3 Warning Signs
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What is Thalassa Holdings Cyclically Adjusted PS Ratio?

Thalassa Holdings FRA:TH2P 37 Cyclically Adjusted PS Ratio is 10.30 as of Jul. 12, 2026, which is 591% above its 10-year median of 1.49. GuruFocus rates FRA:TH2P with a GF Score™ of 37/100. The stock has 3 warning signs investors should review. Among 706 Oil & Gas companies, Thalassa Holdings ranks worse than 96.88% on this metric.

As of today (2026-07-12), Thalassa Holdings's current share price is €0.206. Thalassa Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €0.02. Thalassa Holdings's Cyclically Adjusted PS Ratio for today is 10.30.

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

FRA:TH2P' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.49   Max: 13.11
Current: 13.11

During the past 13 years, Thalassa Holdings's highest Cyclically Adjusted PS Ratio was 13.11. The lowest was 0.57. And the median was 1.49.

FRA:TH2P's Cyclically Adjusted PS Ratio is ranked worse than
96.88% of 706 companies
in the Oil & Gas industry
Industry Median: 1.02 vs FRA:TH2P: 13.11

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.

Thalassa Holdings's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €0.028. 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 €0.02 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thalassa Holdings  (FRA:TH2P) 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.


Thalassa Holdings Cyclically Adjusted PS Ratio Related Terms


Thalassa Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thalassa 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.

Thalassa Holdings Cyclically Adjusted PS Ratio Chart

Thalassa 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 1.56 0.74 1.39 2.44 13.67

Thalassa Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 1.39 0.00 2.44 0.00 13.67

FRA:TH2P vs SLB, BKR, HAL: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Thalassa 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.


Thalassa Holdings Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Thalassa Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:TH2P
37GF Score
Thalassa Holdings Ltd FRA:TH2P
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thalassa 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.206/0.02
=10.30

* 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.

Thalassa Holdings's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Thalassa Holdings's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.028/324.0540*324.0540
=0.028

Current CPI (Dec25) = 324.0540.

Thalassa Holdings Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.001 241.432 0.001
201712 0.000 246.524 0.000
201812 0.000 251.233 0.000
201912 0.009 256.974 0.011
202012 0.003 260.474 0.004
202112 0.021 278.802 0.024
202212 0.043 296.797 0.047
202312 0.078 306.746 0.082
202412 -0.033 315.605 -0.034
202512 0.028 324.054 0.028

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 10.30 mean?
Thalassa Holdings (FRA:TH2P) has a Cyclically Adjusted PS Ratio of 10.30 as of Jul. 12, 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 Thalassa Holdings and its competitors. This is 591% above median its historical median of 1.49. Over the past decade, Thalassa Holdings' Cyclically Adjusted PS Ratio has ranged from 0.57 to 13.11. According to the industry distribution chart, Thalassa Holdings ranks #684 out of 706 companies in the Oil & Gas industry, placing it in the top 96.9%.
Is Thalassa Holdings' Cyclically Adjusted PS Ratio too high?
Thalassa Holdings' current Cyclically Adjusted PS Ratio of 10.30 is 591% above median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 13.11. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.02. Thalassa Holdings' value of 10.30 is 909.8% above this industry median. Based on the distribution chart, Thalassa Holdings ranks #684 out of 706 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Thalassa Holdings has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Thalassa Holdings' Cyclically Adjusted PS Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Thalassa Holdings ranks #684 out of 706 companies for Cyclically Adjusted PS Ratio. This places Thalassa Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.02. Thalassa Holdings' value of 10.30 is 909.8% above this benchmark. Historically, Thalassa Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.57 to 13.11 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 1.02, Thalassa Holdings 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.02, based on 706 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. Thalassa Holdings's current Cyclically Adjusted PS Ratio of 10.30 is 909.8% 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 Thalassa Holdings and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thalassa Holdings's current Cyclically Adjusted PS Ratio is 10.30, which is 591% above median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thalassa Holdings stock overvalued right now?
Thalassa Holdings (FRA:TH2P) has a current Cyclically Adjusted PS Ratio of 10.30. The current Cyclically Adjusted PS Ratio is 10.30, which is 591% above median its 10-year median of 1.49 and 909.8% above the Oil & Gas industry median of 1.02. Thalassa Holdings' overall GF Score™ is 37/100 with 3 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 Thalassa Holdings (FRA:TH2P), the current Cyclically Adjusted PS Ratio is 10.30 as of Jul. 12, 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.

Thalassa Holdings Business Description

Industry EnergyOil & Gas
Other Exchanges THAL:UK
Address Folio Chambers, P.O. Box 800, Tortola, Road Town, VGB, VG1110
Thalassa Holdings Ltd is an international business company. It is a holding company with interests in property, and marine seismic/defense R&D. The company has two operating segments comprised of rental income through the Aperion Group and Product Development through the rest of the Group.
37GF Score

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

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