TCM Group AS (OCSE:TCM) Cyclically Adjusted PS Ratio: 0.56 (As of Sep. 09, 2026) — Near Median

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OCSE:TCM TCM Group AS OCSE:TCM
83 GF Score
Price kr66.60
GF Value kr75.44
Valuation Modestly Undervalued
! 5 Warning Signs
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What is TCM Group AS Cyclically Adjusted PS Ratio?

TCM Group AS OCSE:TCM -2.92% 83 Cyclically Adjusted PS Ratio is 0.56 as of Sep. 09, 2026, which is 5% below its 10-year median of 0.59. GuruFocus rates OCSE:TCM with a GF Score™ of 83/100 and a GF Value™ of kr75.44 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 332 Furnishings, Fixtures & Appliances companies, TCM Group AS ranks better than 56.63% on this metric.

As of today (2026-09-09), TCM Group AS's current share price is kr66.60. TCM Group AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was kr118.46. TCM Group AS's Cyclically Adjusted PS Ratio for today is 0.56.

The historical rank and industry rank for TCM Group AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

OCSE:TCM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.59   Max: 0.67
Current: 0.58

During the past years, TCM Group AS's highest Cyclically Adjusted PS Ratio was 0.67. The lowest was 0.56. And the median was 0.59.

OCSE:TCM's Cyclically Adjusted PS Ratio is ranked better than
56.63% of 332 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.705 vs OCSE:TCM: 0.58

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.

TCM Group AS's adjusted revenue per share data for the three months ended in Jun. 2026 was kr36.220. 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 kr118.46 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TCM Group AS  (OCSE:TCM) 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.


TCM Group AS Cyclically Adjusted PS Ratio Related Terms


TCM Group AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TCM Group AS'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.

TCM Group AS Cyclically Adjusted PS Ratio Chart

TCM Group AS 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 0.00 0.00 0.00 0.00 0.60

TCM Group AS 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 0.67 0.65 0.60 0.56 0.58

OCSE:TCM vs SN, SGI, MHK: Cyclically Adjusted PS Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, TCM Group AS'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.


TCM Group AS Cyclically Adjusted PS Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TCM Group AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


OCSE:TCM
83GF Score
TCM Group AS OCSE:TCM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TCM Group AS 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.

TCM Group AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=66.60/118.46
=0.56

* 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.

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

For example, TCM Group AS'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)
=36.22/122.9700*122.9700
=36.220

Current CPI (Jun. 2026) = 122.9700.

TCM Group AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 13.760 100.200 16.887
201612 16.230 100.300 19.898
201703 20.215 101.200 24.564
201706 20.517 101.200 24.931
201709 17.360 101.800 20.970
201712 19.239 101.300 23.355
201803 21.360 101.700 25.827
201806 23.210 102.300 27.900
201809 20.240 102.400 24.306
201812 25.181 102.100 30.328
201903 24.970 102.900 29.840
201906 25.820 102.900 30.856
201909 23.750 102.900 28.382
201912 26.164 102.900 31.267
202003 25.420 103.300 30.260
202006 26.020 103.200 31.005
202009 24.740 103.500 29.394
202012 26.289 103.400 31.265
202103 28.110 104.300 33.142
202106 29.889 105.000 35.004
202109 27.882 105.800 32.407
202112 29.634 106.600 34.185
202203 30.930 109.900 34.608
202206 35.822 113.600 38.777
202209 29.227 116.400 30.877
202212 30.204 115.900 32.046
202303 29.095 117.300 30.501
202306 28.052 116.400 29.635
202309 24.784 117.400 25.960
202312 29.332 116.700 30.908
202403 28.020 118.400 29.102
202406 31.638 118.500 32.831
202409 26.597 118.900 27.507
202412 28.699 118.900 29.681
202503 29.599 120.200 30.281
202506 33.346 120.700 33.973
202509 27.686 121.600 27.998
202512 32.128 121.200 32.597
202603 34.789 121.680 35.158
202606 36.220 122.970 36.220

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.

What does a Cyclically Adjusted PS Ratio of 0.56 mean?
TCM Group AS (OCSE:TCM) has a Cyclically Adjusted PS Ratio of 0.56 as of Sep. 09, 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 TCM Group AS and its competitors. This is near median its historical median of 0.59. Over the past decade, TCM Group AS's Cyclically Adjusted PS Ratio has ranged from 0.56 to 0.67. According to the industry distribution chart, TCM Group AS ranks #144 out of 332 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 43.4%.
Is TCM Group AS's Cyclically Adjusted PS Ratio too high?
TCM Group AS's current Cyclically Adjusted PS Ratio of 0.56 is near median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 0.67. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PS Ratio is 0.71. TCM Group AS's value of 0.56 is 20.6% below this industry median. Based on the distribution chart, TCM Group AS ranks #144 out of 332 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, TCM Group AS has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TCM Group AS's Cyclically Adjusted PS Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, TCM Group AS ranks #144 out of 332 companies for Cyclically Adjusted PS Ratio. This puts TCM Group AS in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.71. TCM Group AS's value of 0.56 is 20.6% below this benchmark. Historically, TCM Group AS's own Cyclically Adjusted PS Ratio has ranged from 0.56 to 0.67 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.71, TCM Group AS 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PS Ratio among Furnishings, Fixtures & Appliances companies is 0.71, based on 332 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. TCM Group AS's current Cyclically Adjusted PS Ratio of 0.56 is 20.6% 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 TCM Group AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PS Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCM Group AS's current Cyclically Adjusted PS Ratio is 0.56, which is near median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCM Group AS stock overvalued right now?
Based on GuruFocus' analysis, TCM Group AS (OCSE:TCM) is currently considered Modestly Undervalued. The stock's GF Value™ is kr75.44, compared to a current price of kr66.60 — trading 11.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.56, which is near median its 10-year median of 0.59 and 20.6% below the Furnishings, Fixtures & Appliances industry median of 0.71. TCM Group AS's overall GF Score™ is 83/100 with 5 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 TCM Group AS (OCSE:TCM), the current Cyclically Adjusted PS Ratio is 0.56 as of Sep. 09, 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 TCM Group AS (OCSE:TCM) Overvalued in 2026?

Based on GuruFocus' analysis, TCM Group AS stock appears to be undervalued. The current stock price of kr66.60 is trading 11.7% below its estimated GF Value™ of kr75.44. GuruFocus considers TCM Group AS to be Modestly Undervalued.

Key valuation signals for OCSE:TCM:

  • Cyclically Adjusted PS Ratio: 0.56 (near median its 10-year median of 0.59)
  • GF Value™: kr75.44 vs. price of kr66.60 (11.7% below fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 20.6% below the Furnishings, Fixtures & Appliances median (#144 of 332)

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


TCM Group AS Business Description

Other Exchanges 0CUN:UK
Address Skautrupvej 16, Tvis, Holstebro, DNK, 7500
TCM Group AS manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private-label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark. It also has a presence in Norway and other countries.
83GF Score

Get the complete analysis for OCSE:TCM

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

kr66.60
Price
kr75.44
GF Value