Teck Resources (FRA:TPT) Cyclically Adjusted PS Ratio: (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:TPT Teck Resources Ltd FRA:TPT
73 GF Score
Price €47.60
GF Value €49.58
! 8 Warning Signs
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What is Teck Resources Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Teck Resources  (FRA:TPT) 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.


Teck Resources Cyclically Adjusted PS Ratio Related Terms


Teck Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Teck Resources'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.

Teck Resources Cyclically Adjusted PS Ratio Chart

Teck Resources 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 1.82 2.29 2.42 2.49 2.70

Teck Resources 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 2.31 2.53 2.70 2.88 3.29

FRA:TPT vs SCCO, FCX: Cyclically Adjusted PS Ratio Comparison

For the Copper subindustry, Teck Resources'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.


Teck Resources Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Teck Resources's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:TPT
73GF Score
Teck Resources Ltd FRA:TPT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Teck Resources 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.

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

For example, Teck Resources'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)
=4.555/133.5265*133.5265
=4.555

Current CPI (Jun. 2026) = 133.5265.

Teck Resources Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.678 101.765 3.514
201612 4.303 101.449 5.664
201703 3.398 102.634 4.421
201706 3.234 103.029 4.191
201709 3.579 103.345 4.624
201712 3.569 103.345 4.611
201803 3.323 105.004 4.226
201806 3.376 105.557 4.271
201809 3.623 105.636 4.580
201812 3.662 105.399 4.639
201903 3.579 106.979 4.467
201906 3.669 107.690 4.549
201909 3.704 107.611 4.596
201912 3.289 107.769 4.075
202003 2.831 107.927 3.502
202006 2.122 108.401 2.614
202009 2.750 108.164 3.395
202012 3.093 108.559 3.804
202103 3.162 110.298 3.828
202106 3.220 111.720 3.849
202109 4.929 112.905 5.829
202112 4.700 113.774 5.516
202203 6.054 117.646 6.871
202206 7.173 120.806 7.928
202209 6.087 120.648 6.737
202212 4.189 120.964 4.624
202303 4.947 122.702 5.383
202306 4.651 124.203 5.000
202309 2.613 125.230 2.786
202312 2.394 125.072 2.556
202403 2.100 126.258 2.221
202406 2.332 127.522 2.442
202409 3.657 127.285 3.836
202412 3.646 127.364 3.822
202503 2.920 129.181 3.018
202506 2.583 129.892 2.655
202509 4.256 130.287 4.362
202512 3.863 130.366 3.957
202603 5.089 132.262 5.138
202606 4.555 133.527 4.555

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 Teck Resources (FRA:TPT) Overvalued in 2026?

Based on GuruFocus' analysis, Teck Resources stock appears to be undervalued. The current stock price of €47.60 is trading 4% below its estimated GF Value™ of €49.58.

Key valuation signals for FRA:TPT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €49.58 vs. price of €47.60 (4% below fair value)
  • GF Score™: 73/100 with 8 warning signs

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


Teck Resources Business Description

Address 550 Burrard Street, Suite 3300, Vancouver, BC, CAN, V6C 0B3
Teck is a base metals miner with copper and zinc operations in Canada, the United States, Chile, and Peru. After selling its metallurgical coal business, copper is now its major commodity by EBITDA contribution, followed by zinc. Teck is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low-carbon metals such as copper. It sold its oil sands business in early 2023 and its coal business in mid-2024. In September 2025, it agreed to merge with Anglo American in an all-equity deal.
73GF Score

Get the complete analysis for FRA:TPT

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

€47.60
Price
€49.58
GF Value