TLF (Tandy Leather Factory) Cyclically Adjusted PS Ratio: 0.25 (As of Sep. 09, 2026) — 47% Below 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.

TLF Tandy Leather Factory Inc TLF
51 GF Score
Price $2.64
GF Value $4.23
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Tandy Leather Factory Cyclically Adjusted PS Ratio?

Tandy Leather Factory TLF +0.76% 51 Cyclically Adjusted PS Ratio is 0.25 as of Sep. 09, 2026, which is 47% below its 10-year median of 0.47. GuruFocus rates TLF with a GF Score™ of 51/100 and a GF Value™ of $4.23 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 800 Retail - Cyclical companies, Tandy Leather Factory ranks better than 73.62% on this metric.

As of today (2026-09-09), Tandy Leather Factory's current share price is $2.64. Tandy Leather Factory's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $10.62. Tandy Leather Factory's Cyclically Adjusted PS Ratio for today is 0.25.

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

TLF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.47   Max: 1.22
Current: 0.25

During the past years, Tandy Leather Factory's highest Cyclically Adjusted PS Ratio was 1.22. The lowest was 0.22. And the median was 0.47.

TLF's Cyclically Adjusted PS Ratio is ranked better than
73.62% of 800 companies
in the Retail - Cyclical industry
Industry Median: 0.52 vs TLF: 0.25

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.

Tandy Leather Factory's adjusted revenue per share data for the three months ended in Jun. 2026 was $2.213. 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 $10.62 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tandy Leather Factory  (NAS:TLF) 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.


Tandy Leather Factory Cyclically Adjusted PS Ratio Related Terms


Tandy Leather Factory Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tandy Leather Factory'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.

Tandy Leather Factory Cyclically Adjusted PS Ratio Chart

Tandy Leather Factory 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 0.55 0.42 0.41 0.46 0.26

Tandy Leather Factory 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 0.29 0.29 0.26 0.22 0.22

TLF vs RECT, AETN, BWTL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Retail subindustry, Tandy Leather Factory'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.


Tandy Leather Factory Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tandy Leather Factory's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TLF
51GF Score
Tandy Leather Factory Inc TLF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tandy Leather Factory 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.

Tandy Leather Factory's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.64/10.62
=0.25

* 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.

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

For example, Tandy Leather Factory'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)
=2.213/333.9520*333.9520
=2.213

Current CPI (Jun. 2026) = 333.9520.

Tandy Leather Factory Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.023 241.428 2.798
201612 2.617 241.432 3.620
201703 2.159 243.801 2.957
201706 2.089 244.955 2.848
201709 1.983 246.819 2.683
201712 2.654 246.524 3.595
201803 2.190 249.554 2.931
201806 2.089 251.989 2.768
201809 2.061 252.439 2.727
201812 2.674 251.233 3.554
201903 2.324 254.202 3.053
201906 1.925 256.143 2.510
201909 1.826 256.759 2.375
201912 2.269 256.974 2.949
202003 1.899 258.115 2.457
202006 1.011 257.797 1.310
202009 1.768 260.280 2.268
202012 2.387 260.474 3.060
202103 2.428 264.877 3.061
202106 2.141 271.696 2.632
202109 2.225 274.310 2.709
202112 2.683 278.802 3.214
202203 2.389 287.504 2.775
202206 2.224 296.311 2.507
202209 2.304 296.808 2.592
202212 2.654 296.797 2.986
202303 2.438 301.836 2.697
202306 2.089 305.109 2.286
202309 2.087 307.789 2.264
202312 2.476 306.746 2.696
202403 2.268 312.332 2.425
202406 2.032 314.175 2.160
202409 2.060 315.301 2.182
202412 2.134 315.605 2.258
202503 2.215 319.799 2.313
202506 2.092 322.561 2.166
202509 2.120 324.800 2.180
202512 2.851 324.054 2.938
202603 2.425 330.213 2.452
202606 2.213 333.952 2.213

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 0.25 mean?
Tandy Leather Factory (TLF) has a Cyclically Adjusted PS Ratio of 0.25 as of Sep. 09, 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 Tandy Leather Factory and its competitors. This is 47% below median its historical median of 0.47. Over the past decade, Tandy Leather Factory's Cyclically Adjusted PS Ratio has ranged from 0.22 to 1.22. According to the industry distribution chart, Tandy Leather Factory ranks #211 out of 800 companies in the Retail - Cyclical industry, placing it in the top 26.4%.
Is Tandy Leather Factory's Cyclically Adjusted PS Ratio too high?
Tandy Leather Factory's current Cyclically Adjusted PS Ratio of 0.25 is 47% below median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.22. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.52. Tandy Leather Factory's value of 0.25 is 51.9% below this industry median. Based on the distribution chart, Tandy Leather Factory ranks #211 out of 800 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Tandy Leather Factory has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tandy Leather Factory's Cyclically Adjusted PS Ratio compare to RECT and AETN?
According to the Retail - Cyclical industry distribution chart, Tandy Leather Factory ranks #211 out of 800 companies for Cyclically Adjusted PS Ratio. This puts Tandy Leather Factory in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.52. Tandy Leather Factory's value of 0.25 is 51.9% below this benchmark. Historically, Tandy Leather Factory's own Cyclically Adjusted PS Ratio has ranged from 0.22 to 1.22 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 0.52, Tandy Leather Factory has consistently been below 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.52, based on 800 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. Tandy Leather Factory's current Cyclically Adjusted PS Ratio of 0.25 is 51.9% below 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 Tandy Leather Factory and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tandy Leather Factory's current Cyclically Adjusted PS Ratio is 0.25, which is 47% below median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandy Leather Factory stock overvalued right now?
Based on GuruFocus' analysis, Tandy Leather Factory (TLF) is currently considered Significantly Undervalued. The stock's GF Value™ is $4.23, compared to a current price of $2.64 — trading 37.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.25, which is 47% below median its 10-year median of 0.47 and 51.9% below the Retail - Cyclical industry median of 0.52. Tandy Leather Factory's overall GF Score™ is 51/100 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 Tandy Leather Factory (TLF), the current Cyclically Adjusted PS Ratio is 0.25 as of Sep. 09, 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 Tandy Leather Factory (TLF) Overvalued in 2026?

Based on GuruFocus' analysis, Tandy Leather Factory stock appears to be undervalued. The current stock price of $2.64 is trading 37.6% below its estimated GF Value™ of $4.23. GuruFocus considers Tandy Leather Factory to be Significantly Undervalued.

Key valuation signals for TLF:

  • Cyclically Adjusted PS Ratio: 0.25 (47% below median its 10-year median of 0.47)
  • GF Value™: $4.23 vs. price of $2.64 (37.6% below fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 51.9% below the Retail - Cyclical median (#211 of 800)

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


Tandy Leather Factory Business Description

Other Exchanges V5D:Germany
Address 7602 SouthWest Loop 820, Suite 101, Fort Worth, TX, USA, 76140
Tandy Leather Factory Inc is a specialty retailers of leather and leathercraft-related items. Its primary line of business is the sale of leather, leather crafts, and related supplies. Its broad line of leather and related products includes leather, leatherworking tools, leather dyes and finishes, and do-it-yourself kits. Its products include Leather, tools, Hardware, Supplies, Kits, Books and Patterns, and Gift cards. The company sells its products primarily through company-owned stores and through orders generated from its global websites, and through direct account representatives in its commercial division. Geographically the company operates within the United States, and Canada. it generates the highest revenue from the United States.
51GF Score

Get the complete analysis for TLF

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

$2.64
Price
$4.23
GF Value