THLPF (Thule Group AB) Cyclically Adjusted PS Ratio: 2.22 (As of Jul. 06, 2026) — 31% Below Median


THLPF Thule Group AB THLPF
81 GF Score
Price $26.82
GF Value $39.04
! 3 Warning Signs
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What is Thule Group AB Cyclically Adjusted PS Ratio?

Thule Group AB THLPF 81 Cyclically Adjusted PS Ratio is 2.22 as of Jul. 06, 2026, which is 31% below its 10-year median of 3.23. GuruFocus rates THLPF with a GF Score™ of 81/100 and a GF Value™ of $39.04. The stock has 3 warning signs investors should review. Among 673 Travel & Leisure companies, Thule Group AB ranks worse than 67.61% on this metric.

As of today (2026-07-06), Thule Group AB's current share price is $26.82. Thule Group AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $12.07. Thule Group AB's Cyclically Adjusted PS Ratio for today is 2.22.

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

THLPF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.09   Med: 3.23   Max: 4.32
Current: 2.3

During the past years, Thule Group AB's highest Cyclically Adjusted PS Ratio was 4.32. The lowest was 2.09. And the median was 3.23.

THLPF's Cyclically Adjusted PS Ratio is ranked worse than
67.61% of 673 companies
in the Travel & Leisure industry
Industry Median: 1.3 vs THLPF: 2.30

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.

Thule Group AB's adjusted revenue per share data for the three months ended in Mar. 2026 was $2.562. 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 $12.07 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thule Group AB  (OTCPK:THLPF) 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.


Thule Group AB Cyclically Adjusted PS Ratio Related Terms


Thule Group AB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thule Group AB'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.

Thule Group AB Cyclically Adjusted PS Ratio Chart

Thule Group AB 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 2.73 3.24 3.89 2.64

Thule Group AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.25 3.02 2.55 2.64 2.22

THLPF vs AS, HAS, LTH: Cyclically Adjusted PS Ratio Comparison

For the Leisure subindustry, Thule Group AB'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.


Thule Group AB Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Thule Group AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


THLPF
81GF Score
Thule Group AB THLPF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thule Group AB 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.

Thule Group AB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.82/12.07
=2.22

* 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.

Thule Group AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Thule Group AB's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.562/133.5600*133.5600
=2.562

Current CPI (Mar. 2026) = 133.5600.

Thule Group AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.044 101.019 2.702
201609 1.490 101.138 1.968
201612 1.047 102.022 1.371
201703 1.685 102.022 2.206
201706 2.207 102.752 2.869
201709 1.682 103.279 2.175
201712 1.165 103.793 1.499
201803 1.909 103.962 2.452
201806 2.373 104.875 3.022
201809 1.682 105.679 2.126
201812 1.240 105.912 1.564
201903 1.911 105.886 2.410
201906 2.374 106.742 2.970
201909 1.679 107.214 2.092
201912 1.244 107.766 1.542
202003 1.717 106.563 2.152
202006 2.126 107.498 2.641
202009 2.634 107.635 3.268
202012 1.820 108.296 2.245
202103 2.840 108.360 3.500
202106 3.676 108.928 4.507
202109 3.039 110.338 3.679
202112 1.922 112.486 2.282
202203 3.003 114.825 3.493
202206 3.157 118.384 3.562
202209 1.874 122.296 2.047
202212 1.518 126.365 1.604
202303 2.024 127.042 2.128
202306 2.686 129.407 2.772
202309 1.972 130.224 2.023
202312 1.444 131.912 1.462
202403 2.199 132.205 2.222
202406 2.796 132.716 2.814
202409 2.168 132.304 2.189
202412 1.436 132.987 1.442
202503 2.437 132.825 2.450
202506 3.306 133.699 3.303
202509 2.502 133.480 2.503
202512 1.832 133.390 1.834
202603 2.562 133.560 2.562

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 2.22 mean?
Thule Group AB (THLPF) has a Cyclically Adjusted PS Ratio of 2.22 as of Jul. 06, 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 Thule Group AB and its competitors. This is 31% below median its historical median of 3.23. Over the past decade, Thule Group AB's Cyclically Adjusted PS Ratio has ranged from 2.09 to 4.32. According to the industry distribution chart, Thule Group AB ranks #455 out of 673 companies in the Travel & Leisure industry, placing it in the top 67.6%.
Is Thule Group AB's Cyclically Adjusted PS Ratio too high?
Thule Group AB's current Cyclically Adjusted PS Ratio of 2.22 is 31% below median its 10-year median of 3.23. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 4.32. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.30. Thule Group AB's value of 2.22 is 70.8% above this industry median. Based on the distribution chart, Thule Group AB ranks #455 out of 673 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Thule Group AB has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Thule Group AB's Cyclically Adjusted PS Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Thule Group AB ranks #455 out of 673 companies for Cyclically Adjusted PS Ratio. This places Thule Group AB in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.30. Thule Group AB's value of 2.22 is 70.8% above this benchmark. Historically, Thule Group AB's own Cyclically Adjusted PS Ratio has ranged from 2.09 to 4.32 over the past decade. While the company's 10-year median is 3.23 vs. the industry median of 1.30, Thule Group AB 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.30, based on 673 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. Thule Group AB's current Cyclically Adjusted PS Ratio of 2.22 is 70.8% 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 Thule Group AB and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thule Group AB's current Cyclically Adjusted PS Ratio is 2.22, which is 31% below median its own 10-year median of 3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thule Group AB stock overvalued right now?
Thule Group AB (THLPF) has a current Cyclically Adjusted PS Ratio of 2.22. The stock's GF Value™ is $39.04, compared to a current price of $26.82 — trading 31.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.22, which is 31% below median its 10-year median of 3.23 and 70.8% above the Travel & Leisure industry median of 1.30. Thule Group AB's overall GF Score™ is 81/100 with 3 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 Thule Group AB (THLPF), the current Cyclically Adjusted PS Ratio is 2.22 as of Jul. 06, 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 Thule Group AB (THLPF) Overvalued in 2026?

Based on GuruFocus' analysis, Thule Group AB stock appears to be undervalued. The current stock price of $26.82 is trading 31.3% below its estimated GF Value™ of $39.04.

Key valuation signals for THLPF:

  • Cyclically Adjusted PS Ratio: 2.22 (31% below median its 10-year median of 3.23)
  • GF Value™: $39.04 vs. price of $26.82 (31.3% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 70.8% above the Travel & Leisure median (#455 of 673)

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


Thule Group AB Business Description

Address Dockgatan 1, Malmo, SWE, SE-211 12
Thule Group AB is a manufacturer of sports and outdoor products. It develops and manufactures premium products that facilitate an active outdoor life. Its product categories; Sport & Cargo Carriers (roof racks, roof boxes, and carriers for transporting cycling, water, and winter sports equipment, and rooftop tents mounted on a car), Juvenile & Pet Products (strollers, bike trailers, and child bike seats), RV Products (awnings, bike carriers and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage, and camera bags). It has two operating segments: Region Europe and ROW, and Region Americas. Geographic markets: Sweden, Other Nordic countries, Germany, Other Europe, the USA, Other North America, Central/South America, Asia/Pacific Rim, and the Rest of the world.
81GF Score

Get the complete analysis for THLPF

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

$26.82
Price
$39.04
GF Value