TBI (TrueBlue) Cyclically Adjusted PS Ratio: (As of Aug. 08, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

TBI TrueBlue Inc TBI
63 GF Score
Price $10.20
GF Value $7.51
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is TrueBlue Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


TrueBlue  (NYSE:TBI) 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.


TrueBlue Cyclically Adjusted PS Ratio Related Terms


TrueBlue Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TrueBlue'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.

TrueBlue Cyclically Adjusted PS Ratio Chart

TrueBlue 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 0.44 0.28 0.21 0.12 0.06

TrueBlue 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 0.09 0.08 0.06 0.05 0.10

TBI vs HQI, MHH, CIRC: Cyclically Adjusted PS Ratio Comparison

For the Staffing & Employment Services subindustry, TrueBlue'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.


TrueBlue Cyclically Adjusted PS Ratio vs Business Services Industry

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

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


TBI
63GF Score
TrueBlue Inc TBI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TrueBlue 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.

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

For example, TrueBlue'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)
=14.566/333.9520*333.9520
=14.566

Current CPI (Jun. 2026) = 333.9520.

TrueBlue Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 16.575 241.428 22.927
201612 17.651 241.432 24.415
201703 13.550 243.801 18.560
201706 14.577 244.955 19.873
201709 16.009 246.819 21.661
201712 16.432 246.524 22.259
201803 13.623 249.554 18.230
201806 15.180 251.989 20.118
201809 16.978 252.439 22.460
201812 16.315 251.233 21.687
201903 13.901 254.202 18.262
201906 14.881 256.143 19.401
201909 16.239 256.759 21.121
201912 15.440 256.974 20.065
202003 13.267 258.115 17.165
202006 10.233 257.797 13.256
202009 13.595 260.280 17.443
202012 15.019 260.474 19.256
202103 13.081 264.877 16.492
202106 14.595 271.696 17.939
202109 16.266 274.310 19.803
202112 17.290 278.802 20.710
202203 15.966 287.504 18.545
202206 17.173 296.311 19.355
202209 17.543 296.808 19.738
202212 16.770 296.797 18.869
202303 14.409 301.836 15.942
202306 15.358 305.109 16.810
202309 15.298 307.789 16.598
202312 15.837 306.746 17.242
202403 12.953 312.332 13.850
202406 13.056 314.175 13.878
202409 12.872 315.301 13.633
202412 13.058 315.605 13.817
202503 12.467 319.799 13.019
202506 13.274 322.561 13.743
202509 14.426 324.800 14.832
202512 13.965 324.054 14.392
202603 13.222 330.213 13.372
202606 14.566 333.952 14.566

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 TrueBlue (TBI) Overvalued in 2026?

Based on GuruFocus' analysis, TrueBlue stock appears to be overvalued. The current stock price of $10.20 is trading 35.8% above its estimated GF Value™ of $7.51. GuruFocus considers TrueBlue to be Significantly Overvalued.

Key valuation signals for TBI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $7.51 vs. price of $10.20 (35.8% above fair value)
  • GF Score™: 63/100 with 8 warning signs

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


TrueBlue Business Description

Address 1015 A Street, Tacoma, WA, USA, 98402
TrueBlue Inc is a provider of specialized workforce solutions that connect employers with talent. Its reportable segments include PeopleReady, which provides blue-collar contingent staffing and delivers on-demand and skilled labor across industries such as construction, transportation, retail, hospitality, and energy. The PeopleManagement segment offers contingent labor and outsourced industrial workforce solutions, mainly on-site at client facilities, through its OnSite and Centerline operations, focusing on workforce management and commercial driver services. PeopleSolutions delivers services focused on professional and specialized talent acquisition, as well as workforce management and compliance. The company generates the majority of its revenue from the PeopleReady segment.
63GF Score

Get the complete analysis for TBI

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

$10.20
Price
$7.51
GF Value