Tomra Systems ASA (HAM:TMRA) Cyclically Adjusted PS Ratio: (As of Jul. 17, 2026)

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HAM:TMRA Tomra Systems ASA HAM:TMRA
85 GF Score
Price €8.90
GF Value €13.61
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Tomra Systems ASA Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tomra Systems ASA  (HAM:TMRA) 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.


Tomra Systems ASA Cyclically Adjusted PS Ratio Related Terms


Tomra Systems ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tomra Systems ASA'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.

Tomra Systems ASA Cyclically Adjusted PS Ratio Chart

Tomra Systems ASA 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 12.25 5.59 3.59 3.78 3.18

Tomra Systems ASA 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 3.83 3.56 3.18 2.62 0.00

HAM:TMRA vs WM, RSG, WCN: Cyclically Adjusted PS Ratio Comparison

For the Waste Management subindustry, Tomra Systems ASA'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.


Tomra Systems ASA Cyclically Adjusted PS Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Tomra Systems ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tomra Systems ASA's Cyclically Adjusted PS Ratio falls into.


HAM:TMRA
85GF Score
Tomra Systems ASA HAM:TMRA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tomra Systems ASA 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.

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

For example, Tomra Systems ASA'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)
=1.446/141.8500*141.8500
=1.446

Current CPI (Jun. 2026) = 141.8500.

Tomra Systems ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.537 104.200 0.731
201612 0.647 104.400 0.879
201703 0.574 105.000 0.775
201706 0.696 105.800 0.933
201709 0.548 105.900 0.734
201712 0.598 106.100 0.799
201803 0.609 107.300 0.805
201806 0.765 108.500 1.000
201809 0.803 109.500 1.040
201812 0.732 109.800 0.946
201903 0.726 110.400 0.933
201906 0.738 110.600 0.947
201909 0.808 111.100 1.032
201912 0.892 111.300 1.137
202003 0.682 111.200 0.870
202006 0.784 112.100 0.992
202009 0.793 112.900 0.996
202012 0.996 112.900 1.251
202103 0.774 114.600 0.958
202106 0.805 115.300 0.990
202109 0.959 117.500 1.158
202112 1.083 118.900 1.292
202203 0.888 119.800 1.051
202206 0.888 122.600 1.027
202209 1.020 125.600 1.152
202212 1.117 125.900 1.259
202303 0.967 127.600 1.075
202306 1.149 130.400 1.250
202309 1.027 129.800 1.122
202312 1.327 131.900 1.427
202403 0.985 132.600 1.054
202406 1.158 133.800 1.228
202409 1.141 133.700 1.211
202412 1.353 134.800 1.424
202503 0.918 136.100 0.957
202506 1.125 137.800 1.158
202509 1.093 138.500 1.119
202512 1.302 139.100 1.328
202603 1.113 141.030 1.119
202606 1.446 141.850 1.446

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 Tomra Systems ASA (HAM:TMRA) Overvalued in 2026?

Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued. The current stock price of €8.90 is trading 34.6% below its estimated GF Value™ of €13.61. GuruFocus considers Tomra Systems ASA to be Significantly Undervalued.

Key valuation signals for HAM:TMRA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €13.61 vs. price of €8.90 (34.6% below fair value)
  • GF Score™: 85/100 with 4 warning signs

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


Tomra Systems ASA Business Description

Address Drengsrudhagen 2, Asker, NOR, 1385
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
85GF Score

Get the complete analysis for HAM:TMRA

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

€8.90
Price
€13.61
GF Value