Thomson Reuters (STU:TOC0) Cyclically Adjusted PS Ratio: 7.00 (As of Aug. 11, 2026) — 12% Above Median

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STU:TOC0 Thomson Reuters Corp STU:TOC0
72 GF Score
Price €90.55
GF Value €163.09
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Thomson Reuters Cyclically Adjusted PS Ratio?

Thomson Reuters STU:TOC0 +2.21% 72 Cyclically Adjusted PS Ratio is 7.00 as of Aug. 11, 2026, which is 12% above its 10-year median of 6.23. GuruFocus rates STU:TOC0 with a GF Score™ of 72/100 and a GF Value™ of €163.09 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 720 Business Services companies, Thomson Reuters ranks worse than 94.03% on this metric.

As of today (2026-08-11), Thomson Reuters's current share price is €90.55. Thomson Reuters's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €12.93. Thomson Reuters's Cyclically Adjusted PS Ratio for today is 7.00.

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

STU:TOC0' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.72   Med: 6.23   Max: 13.96
Current: 6.91

During the past years, Thomson Reuters's highest Cyclically Adjusted PS Ratio was 13.96. The lowest was 2.72. And the median was 6.23.

STU:TOC0's Cyclically Adjusted PS Ratio is ranked worse than
94.03% of 720 companies
in the Business Services industry
Industry Median: 0.87 vs STU:TOC0: 6.91

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.

Thomson Reuters's adjusted revenue per share data for the three months ended in Jun. 2026 was €3.867. 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 €12.93 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thomson Reuters  (STU:TOC0) 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.


Thomson Reuters Cyclically Adjusted PS Ratio Related Terms


Thomson Reuters Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thomson Reuters'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.

Thomson Reuters Cyclically Adjusted PS Ratio Chart

Thomson Reuters 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 8.21 8.04 9.55 11.36 8.90

Thomson Reuters 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 13.31 10.55 8.90 6.10 5.52

STU:TOC0 vs CTAS, CPRT, GPN: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, Thomson Reuters'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.


Thomson Reuters Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Thomson Reuters's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:TOC0
72GF Score
Thomson Reuters Corp STU:TOC0
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thomson Reuters 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.

Thomson Reuters's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=90.55/12.93
=7.00

* 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.

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

For example, Thomson Reuters'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)
=3.867/133.5265*133.5265
=3.867

Current CPI (Jun. 2026) = 133.5265.

Thomson Reuters Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.805 101.765 4.993
201612 4.286 101.449 5.641
201703 1.981 102.634 2.577
201706 1.830 103.029 2.372
201709 1.728 103.345 2.233
201712 1.944 103.345 2.512
201803 1.824 105.004 2.319
201806 1.834 105.557 2.320
201809 1.653 105.636 2.089
201812 2.577 105.399 3.265
201903 2.753 106.979 3.436
201906 2.638 107.690 3.271
201909 2.697 107.611 3.346
201912 2.999 107.769 3.716
202003 2.910 107.927 3.600
202006 2.642 108.401 3.254
202009 2.590 108.164 3.197
202012 2.807 108.559 3.453
202103 2.814 110.298 3.407
202106 2.694 111.720 3.220
202109 2.763 112.905 3.268
202112 3.266 113.774 3.833
202203 3.285 117.646 3.728
202206 3.302 120.806 3.650
202209 3.462 120.648 3.832
202212 3.651 120.964 4.030
202303 3.607 122.702 3.925
202306 3.282 124.203 3.528
202309 3.326 125.230 3.546
202312 3.712 125.072 3.963
202403 3.890 126.258 4.114
202406 3.641 127.522 3.812
202409 3.502 127.285 3.674
202412 4.109 127.364 4.308
202503 3.960 129.181 4.093
202506 3.430 129.892 3.526
202509 3.425 130.287 3.510
202512 3.909 130.366 4.004
202603 4.124 132.262 4.163
202606 3.867 133.527 3.867

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 7.00 mean?
Thomson Reuters (STU:TOC0) has a Cyclically Adjusted PS Ratio of 7.00 as of Aug. 11, 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 Thomson Reuters and its competitors. This is 12% above median its historical median of 6.23. Over the past decade, Thomson Reuters' Cyclically Adjusted PS Ratio has ranged from 2.72 to 13.96. According to the industry distribution chart, Thomson Reuters ranks #677 out of 720 companies in the Business Services industry, placing it in the top 94%.
Is Thomson Reuters' Cyclically Adjusted PS Ratio too high?
Thomson Reuters' current Cyclically Adjusted PS Ratio of 7.00 is 12% above median its 10-year median of 6.23. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 13.96. The Business Services industry median Cyclically Adjusted PS Ratio is 0.87. Thomson Reuters' value of 7.00 is 704.6% above this industry median. Based on the distribution chart, Thomson Reuters ranks #677 out of 720 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Thomson Reuters has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thomson Reuters' Cyclically Adjusted PS Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Thomson Reuters ranks #677 out of 720 companies for Cyclically Adjusted PS Ratio. This places Thomson Reuters in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.87. Thomson Reuters' value of 7.00 is 704.6% above this benchmark. Historically, Thomson Reuters' own Cyclically Adjusted PS Ratio has ranged from 2.72 to 13.96 over the past decade. While the company's 10-year median is 6.23 vs. the industry median of 0.87, Thomson Reuters has consistently been above 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.87, based on 720 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. Thomson Reuters's current Cyclically Adjusted PS Ratio of 7.00 is 704.6% above 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 Thomson Reuters and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thomson Reuters's current Cyclically Adjusted PS Ratio is 7.00, which is 12% above median its own 10-year median of 6.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thomson Reuters stock overvalued right now?
Based on GuruFocus' analysis, Thomson Reuters (STU:TOC0) is currently considered Significantly Undervalued. The stock's GF Value™ is €163.09, compared to a current price of €90.55 — trading 44.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.00, which is 12% above median its 10-year median of 6.23 and 704.6% above the Business Services industry median of 0.87. Thomson Reuters' overall GF Score™ is 72/100 with 1 warning sign 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 Thomson Reuters (STU:TOC0), the current Cyclically Adjusted PS Ratio is 7.00 as of Aug. 11, 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 Thomson Reuters (STU:TOC0) Overvalued in 2026?

Based on GuruFocus' analysis, Thomson Reuters stock appears to be undervalued. The current stock price of €90.55 is trading 44.5% below its estimated GF Value™ of €163.09. GuruFocus considers Thomson Reuters to be Significantly Undervalued.

Key valuation signals for STU:TOC0:

  • Cyclically Adjusted PS Ratio: 7.00 (12% above median its 10-year median of 6.23)
  • GF Value™: €163.09 vs. price of €90.55 (44.5% below fair value)
  • GF Score™: 72/100 with 1 warning sign
  • Industry Position: 704.6% above the Business Services median (#677 of 720)

No single metric tells the full story. See the STU:TOC0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thomson Reuters Business Description

Address 19 Duncan Street, Toronto, ON, CAN, M5H 3H1
Thomson Reuters is a leading global provider of business information services, delivering trusted data, technology, and expertise to professionals across legal, tax, accounting, risk, compliance, and the news and media sectors. Headquartered in Toronto, Canada, the company combines deep domain knowledge with data and software solutions to help clients make informed decisions, manage complexity, and drive efficiency. Thomson Reuters serves legal and accounting/tax professionals, corporations, and governments worldwide, but around 75% of revenue is generated in the US. The company is known for flagship products such as Westlaw, UltraTax CS, and Reuters News.
72GF 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.

€90.55
Price
€163.09
GF Value