TKOBF (TBS Holdings) Cyclically Adjusted PS Ratio: 2.32 (As of Aug. 01, 2026) — 130% Above Median

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TKOBF TBS Holdings Inc TKOBF
83 GF Score
Price $16.09
GF Value $12.39
! 7 Warning Signs
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What is TBS Holdings Cyclically Adjusted PS Ratio?

TBS Holdings TKOBF 83 Cyclically Adjusted PS Ratio is 2.32 as of Aug. 01, 2026, which is 130% above its 10-year median of 1.01. GuruFocus rates TKOBF with a GF Score™ of 83/100 and a GF Value™ of $12.39. The stock has 7 warning signs investors should review. Among 730 Media - Diversified companies, TBS Holdings ranks worse than 82.74% on this metric.

As of today (2026-08-01), TBS Holdings's current share price is $16.09. TBS Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $6.93. TBS Holdings's Cyclically Adjusted PS Ratio for today is 2.32.

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

TKOBF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.01   Max: 2.65
Current: 2.53

During the past years, TBS Holdings's highest Cyclically Adjusted PS Ratio was 2.65. The lowest was 0.61. And the median was 1.01.

TKOBF's Cyclically Adjusted PS Ratio is ranked worse than
82.74% of 730 companies
in the Media - Diversified industry
Industry Median: 0.775 vs TKOBF: 2.53

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.

TBS Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was $4.222. 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 $6.93 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TBS Holdings  (OTCPK:TKOBF) 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.


TBS Holdings Cyclically Adjusted PS Ratio Related Terms


TBS Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TBS Holdings'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.

TBS Holdings Cyclically Adjusted PS Ratio Chart

TBS Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.87 1.95 1.83 2.32

TBS Holdings 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 1.83 2.15 2.36 2.40 2.32

TKOBF vs NXST: Cyclically Adjusted PS Ratio Comparison

For the Broadcasting subindustry, TBS Holdings'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.


TBS Holdings Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TBS Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TKOBF
83GF Score
TBS Holdings Inc TKOBF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TBS Holdings 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.

TBS Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16.09/6.93
=2.32

* 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.

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

For example, TBS Holdings'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)
=4.222/112.7000*112.7000
=4.222

Current CPI (Mar. 2026) = 112.7000.

TBS Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.733 98.100 5.437
201609 4.814 98.000 5.536
201612 4.540 98.400 5.200
201703 4.613 98.100 5.300
201706 4.544 98.500 5.199
201709 4.627 98.800 5.278
201712 4.777 99.400 5.416
201803 4.869 99.200 5.532
201806 4.618 99.200 5.246
201809 4.562 99.900 5.147
201812 4.940 99.700 5.584
201903 4.710 99.700 5.324
201906 4.692 99.800 5.298
201909 4.719 100.100 5.313
201912 4.864 100.500 5.454
202003 4.678 100.300 5.256
202006 3.756 99.900 4.237
202009 4.452 99.900 5.022
202012 5.012 99.300 5.688
202103 4.711 99.900 5.315
202106 4.596 99.500 5.206
202109 4.552 100.100 5.125
202112 4.999 100.100 5.628
202203 4.390 101.100 4.894
202206 3.917 101.800 4.336
202209 3.717 103.100 4.063
202212 4.282 104.100 4.636
202303 4.109 104.400 4.436
202306 4.066 105.200 4.356
202309 3.933 106.200 4.174
202312 4.420 106.800 4.664
202403 4.066 107.200 4.275
202406 3.865 108.200 4.026
202409 4.292 108.900 4.442
202412 4.239 110.700 4.316
202503 4.328 111.100 4.390
202506 4.357 111.700 4.396
202509 4.698 112.000 4.727
202512 4.414 113.000 4.402
202603 4.222 112.700 4.222

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 2.32 mean?
TBS Holdings (TKOBF) has a Cyclically Adjusted PS Ratio of 2.32 as of Aug. 01, 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 TBS Holdings and its competitors. This is 130% above median its historical median of 1.01. Over the past decade, TBS Holdings' Cyclically Adjusted PS Ratio has ranged from 0.61 to 2.65. According to the industry distribution chart, TBS Holdings ranks #604 out of 730 companies in the Media - Diversified industry, placing it in the top 82.7%.
Is TBS Holdings' Cyclically Adjusted PS Ratio too high?
TBS Holdings' current Cyclically Adjusted PS Ratio of 2.32 is 130% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 2.65. The Media - Diversified industry median Cyclically Adjusted PS Ratio is 0.78. TBS Holdings' value of 2.32 is 199.4% above this industry median. Based on the distribution chart, TBS Holdings ranks #604 out of 730 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, TBS Holdings has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does TBS Holdings' Cyclically Adjusted PS Ratio compare to NXST?
According to the Media - Diversified industry distribution chart, TBS Holdings ranks #604 out of 730 companies for Cyclically Adjusted PS Ratio. This places TBS Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.78. TBS Holdings' value of 2.32 is 199.4% above this benchmark. Historically, TBS Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.61 to 2.65 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.78, TBS Holdings 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 Media - Diversified company?
The median Cyclically Adjusted PS Ratio among Media - Diversified companies is 0.78, based on 730 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. TBS Holdings's current Cyclically Adjusted PS Ratio of 2.32 is 199.4% 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 TBS Holdings and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PS Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBS Holdings's current Cyclically Adjusted PS Ratio is 2.32, which is 130% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBS Holdings stock overvalued right now?
TBS Holdings (TKOBF) has a current Cyclically Adjusted PS Ratio of 2.32. The stock's GF Value™ is $12.39, compared to a current price of $16.09 — trading 29.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.32, which is 130% above median its 10-year median of 1.01 and 199.4% above the Media - Diversified industry median of 0.78. TBS Holdings' overall GF Score™ is 83/100 with 7 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 TBS Holdings (TKOBF), the current Cyclically Adjusted PS Ratio is 2.32 as of Aug. 01, 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 TBS Holdings (TKOBF) Overvalued in 2026?

Based on GuruFocus' analysis, TBS Holdings stock appears to be overvalued. The current stock price of $16.09 is trading 29.9% above its estimated GF Value™ of $12.39.

Key valuation signals for TKOBF:

  • Cyclically Adjusted PS Ratio: 2.32 (130% above median its 10-year median of 1.01)
  • GF Value™: $12.39 vs. price of $16.09 (29.9% above fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 199.4% above the Media - Diversified median (#604 of 730)

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


TBS Holdings Business Description

Other Exchanges 9401:Japan
Address 5-3-6 Akasaka, Minato-ku, Tokyo, JPN, 107-8006
TBS Holdings Inc is a Japanese media and broadcasting holding company that operates television businesses through its subsidiaries. The company operates through three reportable segments: Media & Content Business, Lifestyle Business, and Real Estate & Other Business. The Media & Content Business includes television and radio broadcasting, event planning, video software production, and distribution. The Lifestyle Business handles general merchandise retail, beauty and wellness services, private tutoring, and early childhood education. The Real Estate & Other Business segment involves land and building rentals. It generates the majority of its revenue from the Media & content business segment.
83GF 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.

$16.09
Price
$12.39
GF Value