TREX (Trex Co) Cyclically Adjusted PS Ratio: 4.75 (As of Aug. 20, 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.

TREX Trex Co Inc TREX
83 GF Score
Price $47.30
GF Value $68.62
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Trex Co Cyclically Adjusted PS Ratio?

Trex Co TREX -2.05% 83 Cyclically Adjusted PS Ratio is 4.75 as of Aug. 20, 2026, which is 47% below its 10-year median of 9.03. GuruFocus rates TREX with a GF Score™ of 83/100 and a GF Value™ of $68.62 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,372 Construction companies, Trex Co ranks worse than 92.64% on this metric.

As of today (2026-08-20), Trex Co's current share price is $47.30. Trex Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $9.95. Trex Co's Cyclically Adjusted PS Ratio for today is 4.75.

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

TREX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.37   Med: 9.03   Max: 26.8
Current: 4.86

During the past years, Trex Co's highest Cyclically Adjusted PS Ratio was 26.80. The lowest was 3.37. And the median was 9.03.

TREX's Cyclically Adjusted PS Ratio is ranked worse than
92.64% of 1372 companies
in the Construction industry
Industry Median: 0.7 vs TREX: 4.86

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.

Trex Co's adjusted revenue per share data for the three months ended in Jun. 2026 was $4.083. 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 $9.95 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trex Co  (NYSE:TREX) 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.


Trex Co Cyclically Adjusted PS Ratio Related Terms


Trex Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Trex Co'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.

Trex Co Cyclically Adjusted PS Ratio Chart

Trex Co 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 24.33 6.40 11.02 8.22 3.79

Trex Co 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 6.05 5.60 3.79 3.79 5.03

TREX vs GFF, LPX, FBIN: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Trex Co'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.


Trex Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Trex Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TREX
83GF Score
Trex Co Inc TREX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trex Co 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.

Trex Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=47.30/9.95
=4.75

* 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.

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

For example, Trex Co'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)
=4.083/333.9520*333.9520
=4.083

Current CPI (Jun. 2026) = 333.9520.

Trex Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.899 241.428 1.244
201612 0.807 241.432 1.116
201703 1.225 243.801 1.678
201706 1.336 244.955 1.821
201709 1.185 246.819 1.603
201712 1.032 246.524 1.398
201803 1.446 249.554 1.935
201806 1.750 251.989 2.319
201809 1.408 252.439 1.863
201812 1.187 251.233 1.578
201903 1.526 254.202 2.005
201906 1.759 256.143 2.293
201909 1.660 256.759 2.159
201912 1.408 256.974 1.830
202003 1.718 258.115 2.223
202006 1.901 257.797 2.463
202009 1.993 260.280 2.557
202012 1.965 260.474 2.519
202103 2.116 264.877 2.668
202106 2.694 271.696 3.311
202109 2.905 274.310 3.537
202112 2.626 278.802 3.145
202203 2.954 287.504 3.431
202206 3.410 296.311 3.843
202209 1.709 296.808 1.923
202212 1.760 296.797 1.980
202303 2.192 301.836 2.425
202306 3.275 305.109 3.585
202309 2.795 307.789 3.033
202312 1.800 306.746 1.960
202403 3.434 312.332 3.672
202406 3.460 314.175 3.678
202409 2.156 315.301 2.284
202412 1.562 315.605 1.653
202503 3.169 319.799 3.309
202506 3.614 322.561 3.742
202509 2.659 324.800 2.734
202512 1.513 324.054 1.559
202603 3.266 330.213 3.303
202606 4.083 333.952 4.083

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 4.75 mean?
Trex Co (TREX) has a Cyclically Adjusted PS Ratio of 4.75 as of Aug. 20, 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 Trex Co and its competitors. This is 47% below median its historical median of 9.03. Over the past decade, Trex Co's Cyclically Adjusted PS Ratio has ranged from 3.37 to 26.80. According to the industry distribution chart, Trex Co ranks #1271 out of 1372 companies in the Construction industry, placing it in the top 92.6%.
Is Trex Co's Cyclically Adjusted PS Ratio too high?
Trex Co's current Cyclically Adjusted PS Ratio of 4.75 is 47% below median its 10-year median of 9.03. Over the past 10 years, this metric has ranged from a low of 3.37 to a high of 26.80. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Trex Co's value of 4.75 is 578.6% above this industry median. Based on the distribution chart, Trex Co ranks #1271 out of 1372 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Trex Co has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trex Co's Cyclically Adjusted PS Ratio compare to GFF and LPX?
According to the Construction industry distribution chart, Trex Co ranks #1271 out of 1372 companies for Cyclically Adjusted PS Ratio. This places Trex Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Trex Co's value of 4.75 is 578.6% above this benchmark. Historically, Trex Co's own Cyclically Adjusted PS Ratio has ranged from 3.37 to 26.80 over the past decade. While the company's 10-year median is 9.03 vs. the industry median of 0.70, Trex Co 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,372 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. Trex Co's current Cyclically Adjusted PS Ratio of 4.75 is 578.6% 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 Trex Co and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trex Co's current Cyclically Adjusted PS Ratio is 4.75, which is 47% below median its own 10-year median of 9.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trex Co stock overvalued right now?
Based on GuruFocus' analysis, Trex Co (TREX) is currently considered Significantly Undervalued. The stock's GF Value™ is $68.62, compared to a current price of $47.30 — trading 31.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.75, which is 47% below median its 10-year median of 9.03 and 578.6% above the Construction industry median of 0.70. Trex Co's overall GF Score™ is 83/100 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 Trex Co (TREX), the current Cyclically Adjusted PS Ratio is 4.75 as of Aug. 20, 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 Trex Co (TREX) Overvalued in 2026?

Based on GuruFocus' analysis, Trex Co stock appears to be undervalued. The current stock price of $47.30 is trading 31.1% below its estimated GF Value™ of $68.62. GuruFocus considers Trex Co to be Significantly Undervalued.

Key valuation signals for TREX:

  • Cyclically Adjusted PS Ratio: 4.75 (47% below median its 10-year median of 9.03)
  • GF Value™: $68.62 vs. price of $47.30 (31.1% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 578.6% above the Construction median (#1271 of 1372)

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


Trex Co Business Description

Other Exchanges TRR:Germany
Address 2500 Trex Way, Winchester, VA, USA, 22601
Trex Co Inc is a manufacturer of wooden alternative decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in one reportable segment i.e. Trex Residential.
83GF Score

Get the complete analysis for TREX

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

$47.30
Price
$68.62
GF Value