Tourism Holdings (NZSE:THL) Cyclically Adjusted PS Ratio: (As of Aug. 29, 2026)

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

NZSE:THL Tourism Holdings Ltd NZSE:THL
76 GF Score
Price NZ$2.76
GF Value NZ$2.15
Valuation Modestly Overvalued
! 12 Warning Signs
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What is Tourism Holdings Cyclically Adjusted PS Ratio?

Tourism Holdings does not have a history long enough to calculate Cyclically Adjusted Revenue per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PS Ratio for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation

Tourism Holdings  (NZSE:THL) 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.

Tourism Holdings Cyclically Adjusted PS Ratio Related Terms

Tourism Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tourism 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.

Tourism Holdings Cyclically Adjusted PS Ratio Chart

Tourism Holdings Annual Data
Trend Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PS Ratio
1.17 0.50 0.59 0.00

Tourism Holdings Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial 0.50 0.00 0.59 0.00 0.00

NZSE:THL vs BC, PII, THO: Cyclically Adjusted PS Ratio Comparison

For the Recreational Vehicles subindustry, Tourism 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.

Tourism Holdings Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tourism Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NZSE:THL
76GF Score
Tourism Holdings Ltd NZSE:THL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tourism 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.

Tourism Holdings does not have a history long enough to calculate Cyclically Adjusted Revenue per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PS Ratio for this company.

Is Tourism Holdings (NZSE:THL) Overvalued in 2026?

Based on GuruFocus' analysis, Tourism Holdings stock appears to be overvalued. The current stock price of NZ$2.76 is trading 28.4% above its estimated GF Value™ of NZ$2.15. GuruFocus considers Tourism Holdings to be Modestly Overvalued.

Key valuation signals for NZSE:THL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NZ$2.15 vs. price of NZ$2.76 (28.4% above fair value)
  • GF Score™: 76/100 with 12 warning signs

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

Tourism Holdings Business Description

Other Exchanges UCH:GermanyTHL:Australia
Address 470 Oruarangi Road, Mangere, Auckland, NTL, NZL, 2022
Tourism Holdings Ltd is a New Zealand-based company engaged in the design, manufacture, rental, and sale of motorhomes and other tourism-related activities. The company operates in the following segments namely New Zealand Rentals; Action Manufacturing; Tourism Group; Australia Rentals, sales and manufacturing; United States Rentals and corporate. It generates maximum revenue from Australia Rentals segment.
76GF Score

Get the complete analysis for NZSE:THL

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

NZ$2.76
Price
NZ$2.15
GF Value