Trend Micro (STU:TMI) Cyclically Adjusted PS Ratio: (As of Sep. 20, 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.

STU:TMI Trend Micro Inc STU:TMI
88 GF Score
Price €36.11
GF Value €50.67
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Trend Micro Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Trend Micro  (STU:TMI) 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.


Trend Micro Cyclically Adjusted PS Ratio Related Terms


Trend Micro Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Trend Micro'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.

Trend Micro Cyclically Adjusted PS Ratio Chart

Trend Micro 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 5.82 4.80 4.90 4.96 3.09

Trend Micro 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 5.24 4.13 3.06 2.54 2.74

STU:TMI vs MSFT, PLTR, ORCL: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Trend Micro'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.


Trend Micro Cyclically Adjusted PS Ratio vs Software Industry

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

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


STU:TMI
88GF Score
Trend Micro Inc STU:TMI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Trend Micro 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.

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

For example, Trend Micro'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)
=3.108/113.6000*113.6000
=3.108

Current CPI (Jun. 2026) = 113.6000.

Trend Micro Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.054 98.000 2.381
201612 2.440 98.400 2.817
201703 2.108 98.100 2.441
201706 2.087 98.500 2.407
201709 2.055 98.800 2.363
201712 2.215 99.400 2.531
201803 2.051 99.200 2.349
201806 2.178 99.200 2.494
201809 2.230 99.900 2.536
201812 2.350 99.700 2.678
201903 2.254 99.700 2.568
201906 2.325 99.800 2.646
201909 2.494 100.100 2.830
201912 2.636 100.500 2.980
202003 2.515 100.300 2.848
202006 2.521 99.900 2.867
202009 2.503 99.900 2.846
202012 2.707 99.300 3.097
202103 2.504 99.900 2.847
202106 2.542 99.500 2.902
202109 2.643 100.100 2.999
202112 2.819 100.100 3.199
202203 2.767 101.100 3.109
202206 2.838 101.800 3.167
202209 2.908 103.100 3.204
202212 3.064 104.100 3.344
202303 2.971 104.400 3.233
202306 2.967 105.200 3.204
202309 3.014 106.200 3.224
202312 3.011 106.800 3.203
202403 2.999 107.200 3.178
202406 3.070 108.200 3.223
202409 3.167 108.900 3.304
202412 3.268 110.700 3.354
202503 3.180 111.100 3.252
202506 3.056 111.700 3.108
202509 3.018 112.000 3.061
202512 3.094 113.000 3.110
202603 3.080 112.700 3.105
202606 3.108 113.600 3.108

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 Trend Micro (STU:TMI) Overvalued in 2026?

Based on GuruFocus' analysis, Trend Micro stock appears to be undervalued. The current stock price of €36.11 is trading 28.7% below its estimated GF Value™ of €50.67. GuruFocus considers Trend Micro to be Modestly Undervalued.

Key valuation signals for STU:TMI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €50.67 vs. price of €36.11 (28.7% below fair value)
  • GF Score™: 88/100 with 1 warning sign

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


Trend Micro Business Description

Address 4-1-6 Shinjuku, JR Shinjuku Miraina Tower, Shinjuku-ku, Tokyo, JPN, 160-0022
Trend Micro Inc provides antivirus and other security products that protect the flow of information on PCs, file servers, e-mail servers, and the Internet gateway. The company operates through four geographic segments: Japan, North America, Europe, and Asia-Pacific.
88GF Score

Get the complete analysis for STU:TMI

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

€36.11
Price
€50.67
GF Value