Tootsie Roll Industries (FRA:TZ3) Cyclically Adjusted PS Ratio: 4.01 (As of Sep. 16, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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:TZ3 Tootsie Roll Industries Inc FRA:TZ3
70 GF Score
Price €33.20
GF Value €26.51
! 1 Warning Sign
View Full Analysis

What is Tootsie Roll Industries Cyclically Adjusted PS Ratio?

Tootsie Roll Industries FRA:TZ3 70 Cyclically Adjusted PS Ratio is 4.01 as of Sep. 16, 2026, which is 3% below its 10-year median of 4.12. GuruFocus rates FRA:TZ3 with a GF Score™ of 70/100 and a GF Value™ of €26.51. The stock has 1 warning sign investors should review. Among 1,455 Consumer Packaged Goods companies, Tootsie Roll Industries ranks worse than 91.48% on this metric.

As of today (2026-09-16), Tootsie Roll Industries's current share price is €33.20. Tootsie Roll Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €8.29. Tootsie Roll Industries's Cyclically Adjusted PS Ratio for today is 4.01.

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

FRA:TZ3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.14   Med: 4.12   Max: 5.35
Current: 4.19

During the past years, Tootsie Roll Industries's highest Cyclically Adjusted PS Ratio was 5.35. The lowest was 3.14. And the median was 4.12.

FRA:TZ3's Cyclically Adjusted PS Ratio is ranked worse than
91.48% of 1455 companies
in the Consumer Packaged Goods industry
Industry Median: 0.77 vs FRA:TZ3: 4.19

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.

Tootsie Roll Industries's adjusted revenue per share data for the three months ended in Jun. 2026 was €1.768. 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 €8.29 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tootsie Roll Industries  (FRA:TZ3) 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.


Tootsie Roll Industries Cyclically Adjusted PS Ratio Related Terms


Tootsie Roll Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tootsie Roll 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.

Tootsie Roll Industries Cyclically Adjusted PS Ratio Chart

Tootsie Roll Industries 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 4.59 5.28 3.73 3.76 3.81

Tootsie Roll 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 3.47 4.22 3.79 4.55 4.13

FRA:TZ3 vs SOWG, RMCF, MDLZ: Cyclically Adjusted PS Ratio Comparison

For the Confectioners subindustry, Tootsie Roll 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.


Tootsie Roll Industries Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tootsie Roll Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:TZ3
70GF Score
Tootsie Roll Industries Inc FRA:TZ3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tootsie Roll 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.

Tootsie Roll Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.20/8.285
=4.01

* 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.

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

For example, Tootsie Roll 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)
=1.768/333.9520*333.9520
=1.768

Current CPI (Jun. 2026) = 333.9520.

Tootsie Roll Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.998 241.428 2.764
201612 1.396 241.432 1.931
201703 1.181 243.801 1.618
201706 1.165 244.955 1.588
201709 1.843 246.819 2.494
201712 1.307 246.524 1.771
201803 1.015 249.554 1.358
201806 1.102 251.989 1.460
201809 1.929 252.439 2.552
201812 1.382 251.233 1.837
201903 1.109 254.202 1.457
201906 1.181 256.143 1.540
201909 2.045 256.759 2.660
201912 1.528 256.974 1.986
202003 1.179 258.115 1.525
202006 0.920 257.797 1.192
202009 1.703 260.280 2.185
202012 1.370 260.474 1.756
202103 1.090 264.877 1.374
202106 1.224 271.696 1.504
202109 2.004 274.310 2.440
202112 1.890 278.802 2.264
202203 1.613 287.504 1.874
202206 1.735 296.311 1.955
202209 2.730 296.808 3.072
202212 2.424 296.797 2.727
202303 1.968 301.836 2.177
202306 1.921 305.109 2.103
202309 3.019 307.789 3.276
202312 2.420 306.746 2.635
202403 1.863 312.332 1.992
202406 1.848 314.175 1.964
202409 2.716 315.301 2.877
202412 2.403 315.605 2.543
202503 1.877 319.799 1.960
202506 1.823 322.561 1.887
202509 2.653 324.800 2.728
202512 2.246 324.054 2.315
202603 1.726 330.213 1.746
202606 1.768 333.952 1.768

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 4.01 mean?
Tootsie Roll Industries (FRA:TZ3) has a Cyclically Adjusted PS Ratio of 4.01 as of Sep. 16, 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 Tootsie Roll Industries and its competitors. This is near median its historical median of 4.12. Over the past decade, Tootsie Roll Industries' Cyclically Adjusted PS Ratio has ranged from 3.14 to 5.35. According to the industry distribution chart, Tootsie Roll Industries ranks #1331 out of 1455 companies in the Consumer Packaged Goods industry, placing it in the top 91.5%.
Is Tootsie Roll Industries' Cyclically Adjusted PS Ratio too high?
Tootsie Roll Industries' current Cyclically Adjusted PS Ratio of 4.01 is near median its 10-year median of 4.12. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 5.35. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. Tootsie Roll Industries' value of 4.01 is 420.8% above this industry median. Based on the distribution chart, Tootsie Roll Industries ranks #1331 out of 1455 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Tootsie Roll Industries has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Tootsie Roll Industries' Cyclically Adjusted PS Ratio compare to SOWG and RMCF?
According to the Consumer Packaged Goods industry distribution chart, Tootsie Roll Industries ranks #1331 out of 1455 companies for Cyclically Adjusted PS Ratio. This places Tootsie Roll Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. Tootsie Roll Industries' value of 4.01 is 420.8% above this benchmark. Historically, Tootsie Roll Industries' own Cyclically Adjusted PS Ratio has ranged from 3.14 to 5.35 over the past decade. While the company's 10-year median is 4.12 vs. the industry median of 0.77, Tootsie Roll Industries 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 a Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,455 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. Tootsie Roll Industries's current Cyclically Adjusted PS Ratio of 4.01 is 420.8% 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 Tootsie Roll Industries and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tootsie Roll Industries's current Cyclically Adjusted PS Ratio is 4.01, which is near median its own 10-year median of 4.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tootsie Roll Industries stock overvalued right now?
Tootsie Roll Industries (FRA:TZ3) has a current Cyclically Adjusted PS Ratio of 4.01. The stock's GF Value™ is €26.51, compared to a current price of €33.20 — trading 25.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.01, which is near median its 10-year median of 4.12 and 420.8% above the Consumer Packaged Goods industry median of 0.77. Tootsie Roll Industries' overall GF Score™ is 70/100 with 1 warning sign 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 Tootsie Roll Industries (FRA:TZ3), the current Cyclically Adjusted PS Ratio is 4.01 as of Sep. 16, 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 Tootsie Roll Industries (FRA:TZ3) Overvalued in 2026?

Based on GuruFocus' analysis, Tootsie Roll Industries stock appears to be overvalued. The current stock price of €33.20 is trading 25.2% above its estimated GF Value™ of €26.51.

Key valuation signals for FRA:TZ3:

  • Cyclically Adjusted PS Ratio: 4.01 (near median its 10-year median of 4.12)
  • GF Value™: €26.51 vs. price of €33.20 (25.2% above fair value)
  • GF Score™: 70/100 with 1 warning sign
  • Industry Position: 420.8% above the Consumer Packaged Goods median (#1331 of 1455)

No single metric tells the full story. See the FRA:TZ3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tootsie Roll Industries Business Description

Other Exchanges TROLB:USATR:USA
Address 7401 South Cicero Avenue, Chicago, IL, USA, 60629
Tootsie Roll Industries Inc manufactures and sells confectionery products. Notable varieties include Tootsie Roll and Tootsie Pops, Charms, Blow-Pops, Dots, Junior Mints, Sugar Daddy and Sugar Babies, Andes, Dubble Bubble, Razzles among others. The company sells its products to wholesale distributors and directly to retail stores. Geographically, it generates a majority of its revenue from the United States and rest from Canada, Mexico and other regions.
70GF Score

Get the complete analysis for FRA:TZ3

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

€33.20
Price
€26.51
GF Value