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Telemasters HoldingsJSE:TLM 66 Cyclically Adjusted PS Ratio is 0.48 as of Jul. 20, 2026, which is 50% above its 10-year median of 0.32. GuruFocus rates JSE:TLM with a GF Score™ of 66/100 and a GF Value™ of R1.10 (Fairly Valued). The stock has 3 warning signs investors should review. Among 302 Telecommunication Services companies, Telemasters Holdings ranks better than 76.82% on this metric.
The historical rank and industry rank for Telemasters Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:
JSE:TLM'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.32 Max: 0.82
Current: 0.48
During the past 13 years, Telemasters Holdings's highest Cyclically Adjusted PS Ratio was 0.82. The lowest was 0.08. And the median was 0.32.
JSE:TLM's Cyclically Adjusted PS Ratio is ranked better than 76.82% of 302
companies
in the Telecommunication Services industry
Industry Median: 1.16
vs JSE:TLM: 0.48
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.
Telemasters Holdings's adjusted revenue per share data of for the fiscal year that ended in Jun25 was R1.140. 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 R2.39 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Telemasters Holdings (JSE:TLM) 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.
Telemasters Holdings Cyclically Adjusted PS Ratio Related Terms
Telemasters Holdings Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Telemasters 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.
Telemasters Holdings Cyclically Adjusted PS Ratio Chart
JSE:TLM vs TMUS, VZ, T: Cyclically Adjusted PS Ratio Comparison
For the Telecom Services subindustry, Telemasters 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.
Telemasters Holdings Cyclically Adjusted PS Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telemasters Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Telemasters Holdings's Cyclically Adjusted PS Ratio falls into.
Telemasters 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.
* 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.
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 0.48 mean?
Telemasters Holdings (JSE:TLM) has a Cyclically Adjusted PS Ratio of 0.48 as of Jul. 20, 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 Telemasters Holdings and its competitors. This is 50% above median its historical median of 0.32. Over the past decade, Telemasters Holdings' Cyclically Adjusted PS Ratio has ranged from 0.08 to 0.82. According to the industry distribution chart, Telemasters Holdings ranks #70 out of 302 companies in the Telecommunication Services industry, placing it in the top 23.2%.
Is Telemasters Holdings' Cyclically Adjusted PS Ratio too high?
Telemasters Holdings' current Cyclically Adjusted PS Ratio of 0.48 is 50% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.82. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.16. Telemasters Holdings' value of 0.48 is 58.6% below this industry median. Based on the distribution chart, Telemasters Holdings ranks #70 out of 302 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Telemasters Holdings has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telemasters Holdings' Cyclically Adjusted PS Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telemasters Holdings ranks #70 out of 302 companies for Cyclically Adjusted PS Ratio. This places Telemasters Holdings in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.16. Telemasters Holdings' value of 0.48 is 58.6% below this benchmark. Historically, Telemasters Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.08 to 0.82 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 1.16, Telemasters Holdings has consistently been below 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.16, based on 302 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. Telemasters Holdings's current Cyclically Adjusted PS Ratio of 0.48 is 58.6% below 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 Telemasters Holdings and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telemasters Holdings's current Cyclically Adjusted PS Ratio is 0.48, which is 50% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telemasters Holdings stock overvalued right now?
Based on GuruFocus' analysis, Telemasters Holdings (JSE:TLM) is currently considered Fairly Valued. The stock's GF Value™ is R1.10, compared to a current price of R1.15 — trading 4.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.48, which is 50% above median its 10-year median of 0.32 and 58.6% below the Telecommunication Services industry median of 1.16. Telemasters Holdings' overall GF Score™ is 66/100 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 Telemasters Holdings (JSE:TLM), the current Cyclically Adjusted PS Ratio is 0.48 as of Jul. 20, 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 Telemasters Holdings (JSE:TLM) Overvalued in 2026?
Based on GuruFocus' analysis, Telemasters Holdings stock appears to be overvalued.
The current stock price of R1.15 is trading 4.5% above its estimated GF Value™ of R1.10.
GuruFocus considers Telemasters Holdings to be Fairly Valued.
Key valuation signals for JSE:TLM:
Cyclically Adjusted PS Ratio: 0.48 (50% above median its 10-year median of 0.32)
GF Value™: R1.10 vs. price of R1.15 (4.5% above fair value)
Industry Position: 58.6% below the Telecommunication Services median (#70 of 302)
No single metric tells the full story. See the JSE:TLM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telemasters Holdings Ltd is a diversified technology investment company. It provides comprehensive telecommunications services including internet connectivity, cloud solutions, and data storage tailored for businesses across South Africa. The company's reporting segments are: ICT Managed Solutions, Data Centre Services and Corporate. It generates the majority of revenue from the ICT Managed Solutions segment, which provides i) ICT managed solutions to medium and small enterprises through a comprehensive suite of products and services focused on digital connectivity and ii) Data Centre Services.
66GF Score
Get the complete analysis for JSE:TLM
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