TMK PAO (MIC:TRMK) Cyclically Adjusted PS Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

MIC:TRMK TMK PAO MIC:TRMK
17 GF Score
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What is TMK PAO Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


TMK PAO  (MIC:TRMK) 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.


TMK PAO Cyclically Adjusted PS Ratio Related Terms


TMK PAO Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TMK PAO'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.

TMK PAO Cyclically Adjusted PS Ratio Chart

TMK PAO Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

TMK PAO Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
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 0.00 0.00 0.00 0.00 0.00

MIC:TRMK vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, TMK PAO'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.


TMK PAO Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, TMK PAO's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIC:TRMK
17GF Score
TMK PAO MIC:TRMK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TMK PAO 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.

TMK PAO's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec21 is calculated as:

For example, TMK PAO's adjusted Revenue per Share data for the fiscal year that ended in Dec21 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec21 (Change)*Current CPI (Dec21)
=415.223/207.2000*207.2000
=415.223

Current CPI (Dec21) = 207.2000.

TMK PAO Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201212 235.318 117.300 415.668
201312 244.508 124.900 405.621
201412 385.889 139.000 575.224
201512 330.585 157.000 436.288
201612 202.961 165.400 254.253
201712 245.269 169.600 299.645
201812 252.233 176.800 295.603
201912 298.712 182.200 339.699
202012 232.875 191.100 252.495
202112 415.223 207.200 415.223

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.


TMK PAO Business Description

Address 40/2a, Pokrovka Street, Moscow, RUS, 101000
TMK PAO produces and supplies steel pipes for the oil and gas industry. The company integrates production assets in Russia, the United States, Canada, Oman, Romania, and Kazakhstan. TMK's core business is the production and sale of seamless and welded pipe, including large-diameter pipe, and pipe with premium connections, combined with an extensive range of services in heat treatment, protective coating, premium connections threading, pipe storage, and repair. Seamless pipe sales account for the majority of the company's revenue with the majority of sales generated in Russia.
17GF Score

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

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