TMICY (Trend Micro) Cyclically Adjusted PS Ratio: (As of Sep. 04, 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.

TMICY Trend Micro Inc TMICY
98 GF Score
Price $37.18
GF Value $48.74
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Trend Micro Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Trend Micro  (OTCPK:TMICY) 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.


Trend Micro Cyclically Adjusted PS Ratio Related Terms


Trend Micro Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Trend Micro'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.

Trend Micro Cyclically Adjusted PS Ratio Chart

Trend Micro 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 6.13 5.26 5.85 5.92 4.10

Trend Micro 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 6.60 5.25 4.10 3.25 0.00

TMICY vs MSFT, PLTR, ORCL: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Trend Micro'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.


Trend Micro Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Trend Micro's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TMICY
98GF Score
Trend Micro Inc TMICY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Trend Micro 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.

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

For example, Trend Micro'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)
=0/113.6000*113.6000
=0.000

Current CPI (Jun. 2026) = 113.6000.

Trend Micro Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.305 98.000 2.672
201612 2.308 98.400 2.665
201703 2.261 98.100 2.618
201706 2.302 98.500 2.655
201709 2.415 98.800 2.777
201712 2.610 99.400 2.983
201803 2.575 99.200 2.949
201806 2.573 99.200 2.947
201809 2.578 99.900 2.932
201812 2.695 99.700 3.071
201903 2.537 99.700 2.891
201906 2.657 99.800 3.024
201909 2.768 100.100 3.141
201912 2.908 100.500 3.287
202003 2.804 100.300 3.176
202006 2.776 99.900 3.157
202009 2.937 99.900 3.340
202012 3.248 99.300 3.716
202103 2.944 99.900 3.348
202106 3.044 99.500 3.475
202109 3.113 100.100 3.533
202112 3.220 100.100 3.654
202203 3.046 101.100 3.423
202206 2.927 101.800 3.266
202209 2.824 103.100 3.112
202212 3.269 104.100 3.567
202303 3.157 104.400 3.435
202306 3.135 105.200 3.385
202309 3.202 106.200 3.425
202312 3.325 106.800 3.537
202403 3.226 107.200 3.419
202406 3.247 108.200 3.409
202409 3.560 108.900 3.714
202412 3.412 110.700 3.501
202503 3.422 111.100 3.499
202506 3.471 111.700 3.530
202509 3.516 112.000 3.566
202512 3.550 113.000 3.569
202603 3.587 112.700 3.616
202606 0.000 113.600 0.000

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 Trend Micro (TMICY) Overvalued in 2026?

Based on GuruFocus' analysis, Trend Micro stock appears to be undervalued. The current stock price of $37.18 is trading 23.7% below its estimated GF Value™ of $48.74. GuruFocus considers Trend Micro to be Modestly Undervalued.

Key valuation signals for TMICY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $48.74 vs. price of $37.18 (23.7% below fair value)
  • GF Score™: 98/100 with 2 warning signs

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


Trend Micro Business Description

Address 4-1-6 Shinjuku, JR Shinjuku Miraina Tower, Shinjuku-ku, Tokyo, JPN, 160-0022
Trend Micro Inc provides antivirus and other security products that protect the flow of information on PCs, file servers, e-mail servers, and the Internet gateway. The company operates through four geographic segments: Japan, North America, Europe, and Asia-Pacific.
98GF Score

Get the complete analysis for TMICY

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

$37.18
Price
$48.74
GF Value