TFII (TFI International) Cyclically Adjusted PS Ratio: 1.93 (As of Aug. 07, 2026) — 33% Above Median

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.

TFII TFI International Inc TFII
93 GF Score
Price $140.46
GF Value $142.05
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is TFI International Cyclically Adjusted PS Ratio?

TFI International TFII +2.13% 93 Cyclically Adjusted PS Ratio is 1.93 as of Aug. 07, 2026, which is 33% above its 10-year median of 1.45. GuruFocus rates TFII with a GF Score™ of 93/100 and a GF Value™ of $142.05 (Fairly Valued). The stock has 4 warning signs investors should review. Among 763 Transportation companies, TFI International ranks worse than 70.9% on this metric.

As of today (2026-08-07), TFI International's current share price is $140.46. TFI International's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $72.81. TFI International's Cyclically Adjusted PS Ratio for today is 1.93.

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

TFII' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.45   Max: 2.98
Current: 1.86

During the past years, TFI International's highest Cyclically Adjusted PS Ratio was 2.98. The lowest was 0.65. And the median was 1.45.

TFII's Cyclically Adjusted PS Ratio is ranked worse than
70.9% of 763 companies
in the Transportation industry
Industry Median: 0.9 vs TFII: 1.86

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.

TFI International's adjusted revenue per share data for the three months ended in Jun. 2026 was $27.787. 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 $72.81 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TFI International  (NYSE:TFII) 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.


TFI International Cyclically Adjusted PS Ratio Related Terms


TFI International Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TFI International'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.

TFI International Cyclically Adjusted PS Ratio Chart

TFI International 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 2.66 2.06 2.38 2.24 1.47

TFI International 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 1.32 1.29 1.47 1.51 1.97

TFII vs ODFL, XPO, KNX: Cyclically Adjusted PS Ratio Comparison

For the Trucking subindustry, TFI International'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.


TFI International Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, TFI International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TFII
93GF Score
TFI International Inc TFII
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TFI International 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.

TFI International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=140.46/72.81
=1.93

* 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.

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

For example, TFI International'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)
=27.787/133.5265*133.5265
=27.787

Current CPI (Jun. 2026) = 133.5265.

TFI International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.889 101.765 10.351
201612 8.520 101.449 11.214
201703 9.591 102.634 12.478
201706 10.675 103.029 13.835
201709 10.296 103.345 13.303
201712 9.932 103.345 12.833
201803 10.160 105.004 12.920
201806 11.071 105.557 14.004
201809 10.981 105.636 13.880
201812 9.068 105.399 11.488
201903 10.536 106.979 13.151
201906 11.787 107.690 14.615
201909 11.680 107.611 14.493
201912 11.725 107.769 14.527
202003 10.718 107.927 13.260
202006 9.008 108.401 11.096
202009 10.104 108.164 12.473
202012 11.710 108.559 14.403
202103 12.029 110.298 14.562
202106 19.264 111.720 23.024
202109 21.990 112.905 26.006
202112 22.523 113.774 26.433
202203 23.329 117.646 26.478
202206 26.232 120.806 28.994
202209 24.901 120.648 27.559
202212 22.087 120.964 24.381
202303 21.045 122.702 22.902
202306 20.560 124.203 22.103
202309 22.003 125.230 23.461
202312 22.831 125.072 24.374
202403 21.920 126.258 23.182
202406 26.603 127.522 27.856
202409 25.664 127.285 26.923
202412 24.346 127.364 25.524
202503 23.241 129.181 24.023
202506 24.357 129.892 25.039
202509 23.792 130.287 24.384
202512 21.949 130.366 22.481
202603 23.660 132.262 23.886
202606 27.787 133.527 27.787

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 1.93 mean?
TFI International (TFII) has a Cyclically Adjusted PS Ratio of 1.93 as of Aug. 07, 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 TFI International and its competitors. This is 33% above median its historical median of 1.45. Over the past decade, TFI International's Cyclically Adjusted PS Ratio has ranged from 0.65 to 2.98. According to the industry distribution chart, TFI International ranks #541 out of 763 companies in the Transportation industry, placing it in the top 70.9%.
Is TFI International's Cyclically Adjusted PS Ratio too high?
TFI International's current Cyclically Adjusted PS Ratio of 1.93 is 33% above median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 2.98. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. TFI International's value of 1.93 is 114.4% above this industry median. Based on the distribution chart, TFI International ranks #541 out of 763 companies in the Transportation industry, which is below the industry midpoint. Overall, TFI International has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TFI International's Cyclically Adjusted PS Ratio compare to ODFL and XPO?
According to the Transportation industry distribution chart, TFI International ranks #541 out of 763 companies for Cyclically Adjusted PS Ratio. This places TFI International in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. TFI International's value of 1.93 is 114.4% above this benchmark. Historically, TFI International's own Cyclically Adjusted PS Ratio has ranged from 0.65 to 2.98 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 0.90, TFI International 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 763 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. TFI International's current Cyclically Adjusted PS Ratio of 1.93 is 114.4% 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 TFI International and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TFI International's current Cyclically Adjusted PS Ratio is 1.93, which is 33% above median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TFI International stock overvalued right now?
Based on GuruFocus' analysis, TFI International (TFII) is currently considered Fairly Valued. The stock's GF Value™ is $142.05, compared to a current price of $140.46 — trading 1.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.93, which is 33% above median its 10-year median of 1.45 and 114.4% above the Transportation industry median of 0.90. TFI International's overall GF Score™ is 93/100 with 4 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 TFI International (TFII), the current Cyclically Adjusted PS Ratio is 1.93 as of Aug. 07, 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 TFI International (TFII) Overvalued in 2026?

Based on GuruFocus' analysis, TFI International stock appears to be undervalued. The current stock price of $140.46 is trading 1.1% below its estimated GF Value™ of $142.05. GuruFocus considers TFI International to be Fairly Valued.

Key valuation signals for TFII:

  • Cyclically Adjusted PS Ratio: 1.93 (33% above median its 10-year median of 1.45)
  • GF Value™: $142.05 vs. price of $140.46 (1.1% below fair value)
  • GF Score™: 93/100 with 4 warning signs
  • Industry Position: 114.4% above the Transportation median (#541 of 763)

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


TFI International Business Description

Other Exchanges 9TF:GermanyTFII:Canada
Address 8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6
TFI International Inc is involved in the provision of transportation and logistics services across the United States, Canada, and Mexico. The company's reportable segments are; Less-Than-Truckload, which derives maximum revenue, Truckload, and Logistics. The Less-Than-Truckload segment engages in pickup, consolidation, transport, and delivery of smaller loads; the Truckload segment deals with full loads carried directly from the customer to the destination using a closed van or specialized equipment to meet customer's specific needs; and the Logistics segment provides asset-light logistics services, including brokerage, freight forwarding, and transportation management, as well as small package parcel delivery. Geographically, the company generates maximum revenue from the United States.
93GF Score

Get the complete analysis for TFII

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

$140.46
Price
$142.05
GF Value