Travel+Leisure Co (FRA:WD5A) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:WD5A Travel+Leisure Co FRA:WD5A
85 GF Score
Price €55.50
GF Value €53.74
Valuation Fairly Valued
! 5 Warning Signs
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What is Travel+Leisure Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Travel+Leisure Co  (FRA:WD5A) 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.


Travel+Leisure Co Cyclically Adjusted PS Ratio Related Terms


Travel+Leisure Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Travel+Leisure Co'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.

Travel+Leisure Co Cyclically Adjusted PS Ratio Chart

Travel+Leisure Co 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 1.32 0.84 0.84 1.08 1.34

Travel+Leisure Co 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 0.96 1.10 1.30 1.25 1.43

FRA:WD5A vs GBTG, MMYT, LIND: Cyclically Adjusted PS Ratio Comparison

For the Travel Services subindustry, Travel+Leisure Co'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.


Travel+Leisure Co Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Travel+Leisure Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Travel+Leisure Co's Cyclically Adjusted PS Ratio falls into.


FRA:WD5A
85GF Score
Travel+Leisure Co FRA:WD5A
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Travel+Leisure Co 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.

Travel+Leisure Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Travel+Leisure Co'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)
=14.42/333.9520*333.9520
=14.420

Current CPI (Jun. 2026) = 333.9520.

Travel+Leisure Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 12.813 241.428 17.723
201612 10.244 241.432 14.170
201703 10.215 243.801 13.992
201706 8.513 244.955 11.606
201709 8.404 246.819 11.371
201712 7.837 246.524 10.616
201803 7.321 249.554 9.797
201806 8.452 251.989 11.201
201809 9.177 252.439 12.140
201812 8.655 251.233 11.505
201903 8.416 254.202 11.056
201906 9.911 256.143 12.922
201909 10.803 256.759 14.051
201912 9.867 256.974 12.823
202003 8.179 258.115 10.582
202006 3.647 257.797 4.724
202009 6.105 260.280 7.833
202012 6.089 260.474 7.807
202103 6.000 264.877 7.565
202106 7.399 271.696 9.094
202109 8.013 274.310 9.755
202112 8.268 278.802 9.903
202203 8.289 287.504 9.628
202206 10.095 296.311 11.377
202209 11.127 296.808 12.519
202212 10.955 296.797 12.326
202303 10.463 301.836 11.576
202306 11.549 305.109 12.641
202309 12.314 307.789 13.361
202312 11.962 306.746 13.023
202403 11.722 312.332 12.533
202406 12.886 314.175 13.697
202409 13.084 315.301 13.858
202412 13.154 315.605 13.919
202503 13.012 319.799 13.588
202506 13.506 322.561 13.983
202509 13.515 324.800 13.896
202512 13.752 324.054 14.172
202603 12.755 330.213 12.899
202606 14.420 333.952 14.420

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 Travel+Leisure Co (FRA:WD5A) Overvalued in 2026?

Based on GuruFocus' analysis, Travel+Leisure Co stock appears to be overvalued. The current stock price of €55.50 is trading 3.3% above its estimated GF Value™ of €53.74. GuruFocus considers Travel+Leisure Co to be Fairly Valued.

Key valuation signals for FRA:WD5A:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €53.74 vs. price of €55.50 (3.3% above fair value)
  • GF Score™: 85/100 with 5 warning signs

No single metric tells the full story. See the FRA:WD5A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Travel+Leisure Co Business Description

Other Exchanges TNL:USA
Address 501 West Church Street, Orlando, FL, USA, 32805
Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts, and Travel and Membership which operates a variety of travel businesses, including two vacation exchange brands, Vacation Ownership and Travel and Membership The majority of the revenue is earned from the United States.
85GF Score

Get the complete analysis for FRA:WD5A

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

€55.50
Price
€53.74
GF Value