Tucows (LTS:0LH4) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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.
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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.

LTS:0LH4 Tucows Inc LTS:0LH4
37 GF Score
Price $10.09
GF Value $21.59
Valuation Possible Value Trap
! 4 Warning Signs
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What is Tucows Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tucows  (LTS:0LH4) 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.


Tucows Cyclically Adjusted PS Ratio Related Terms


Tucows Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tucows'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.

Tucows Cyclically Adjusted PS Ratio Chart

Tucows 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 3.86 1.10 0.89 0.50 0.68

Tucows 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 0.61 0.57 0.68 0.49 0.39

LTS:0LH4 vs AGPU, ATGL, VIVO: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Tucows'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.


Tucows Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Tucows's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0LH4
37GF Score
Tucows Inc LTS:0LH4
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tucows 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.

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

For example, Tucows'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)
=9.019/133.5265*133.5265
=9.019

Current CPI (Jun. 2026) = 133.5265.

Tucows Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.620 101.765 6.062
201612 4.586 101.449 6.036
201703 6.456 102.634 8.399
201706 7.803 103.029 10.113
201709 7.882 103.345 10.184
201712 8.389 103.345 10.839
201803 8.876 105.004 11.287
201806 7.506 105.557 9.495
201809 7.737 105.636 9.780
201812 7.933 105.399 10.050
201903 7.286 106.979 9.094
201906 7.760 107.690 9.622
201909 8.201 107.611 10.176
201912 8.037 107.769 9.958
202003 7.839 107.927 9.698
202006 7.708 108.401 9.495
202009 6.956 108.164 8.587
202012 6.587 108.559 8.102
202103 6.564 110.298 7.946
202106 6.954 111.720 8.311
202109 7.014 112.905 8.295
202112 7.696 113.774 9.032
202203 7.541 117.646 8.559
202206 7.718 120.806 8.531
202209 7.241 120.648 8.014
202212 7.295 120.964 8.053
202303 7.443 122.702 8.100
202306 7.842 124.203 8.431
202309 7.998 125.230 8.528
202312 7.975 125.072 8.514
202403 8.006 126.258 8.467
202406 8.163 127.522 8.547
202409 8.404 127.285 8.816
202412 8.452 127.364 8.861
202503 8.576 129.181 8.864
202506 8.902 129.892 9.151
202509 8.896 130.287 9.117
202512 8.880 130.366 9.095
202603 8.689 132.262 8.772
202606 9.019 133.527 9.019

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 Tucows (LTS:0LH4) Overvalued in 2026?

Based on GuruFocus' analysis, Tucows stock appears to be undervalued. The current stock price of $10.09 is trading 53.3% below its estimated GF Value™ of $21.59. GuruFocus considers Tucows to be Possible Value Trap.

Key valuation signals for LTS:0LH4:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $21.59 vs. price of $10.09 (53.3% below fair value)
  • GF Score™: 37/100 with 4 warning signs

No single metric tells the full story. See the LTS:0LH4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tucows Business Description

Other Exchanges TCX:USATC:Canada
Address 96 Mowat Avenue, Toronto, ON, CAN, M6K 3M1
Tucows Inc is a corporate parent, allocating capital and providing efficient shared services to its three businesses. The Company offers Mobile Service Enabler (MSE) solutions, as well as professional services to other retail mobile providers. The Company is also a distributor of Internet services, including domain name registration, digital certificates, and email. It provides these services through an Internet-based distribution network of Internet Service Providers, web hosting companies, and other providers of Internet services to end-users. It operates in three segments: Ting, Wavelo, and Tucows Domains. It generates the majority of its revenue from Tucows Domains. The company generates key revenue from Canada and USA.
37GF Score

Get the complete analysis for LTS:0LH4

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

$10.09
Price
$21.59
GF Value