Kelso Technologies (TSX:KLS) Cyclically Adjusted PS Ratio: 0.42 (As of Jul. 15, 2026) — 80% Below Median

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TSX:KLS Kelso Technologies Inc TSX:KLS
28 GF Score
Price C$0.14
GF Value C$0.15
Valuation Fairly Valued
! 2 Warning Signs
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What is Kelso Technologies Cyclically Adjusted PS Ratio?

Kelso Technologies TSX:KLS 28 Cyclically Adjusted PS Ratio is 0.42 as of Jul. 15, 2026, which is 80% below its 10-year median of 2.09. GuruFocus rates TSX:KLS with a GF Score™ of 28/100 and a GF Value™ of C$0.15 (Fairly Valued). The stock has 2 warning signs investors should review. Among 757 Transportation companies, Kelso Technologies ranks better than 73.05% on this metric.

As of today (2026-07-15), Kelso Technologies's current share price is C$0.14. Kelso Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$0.33. Kelso Technologies's Cyclically Adjusted PS Ratio for today is 0.42.

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

TSX:KLS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.32   Med: 2.09   Max: 8.45
Current: 0.42

During the past years, Kelso Technologies's highest Cyclically Adjusted PS Ratio was 8.45. The lowest was 0.32. And the median was 2.09.

TSX:KLS's Cyclically Adjusted PS Ratio is ranked better than
73.05% of 757 companies
in the Transportation industry
Industry Median: 0.9 vs TSX:KLS: 0.42

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.

Kelso Technologies's adjusted revenue per share data for the three months ended in Mar. 2026 was C$0.043. 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 C$0.33 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kelso Technologies  (TSX:KLS) 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.


Kelso Technologies Cyclically Adjusted PS Ratio Related Terms


Kelso Technologies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kelso Technologies'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.

Kelso Technologies Cyclically Adjusted PS Ratio Chart

Kelso Technologies 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 1.52 1.03 0.52 0.37 0.60

Kelso Technologies 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 0.45 0.46 0.59 0.60 0.48

TSX:KLS vs UNP, CSX, NSC: Cyclically Adjusted PS Ratio Comparison

For the Railroads subindustry, Kelso Technologies'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.


Kelso Technologies Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Kelso Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:KLS
28GF Score
Kelso Technologies Inc TSX:KLS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kelso Technologies 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.

Kelso Technologies's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.14/0.33
=0.42

* 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.

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

For example, Kelso Technologies'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)
=0.043/132.2623*132.2623
=0.043

Current CPI (Mar. 2026) = 132.2623.

Kelso Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.065 102.002 0.084
201609 0.054 101.765 0.070
201612 0.054 101.449 0.070
201703 0.045 102.634 0.058
201706 0.041 103.029 0.053
201709 0.030 103.345 0.038
201712 0.052 103.345 0.067
201803 0.069 105.004 0.087
201806 0.071 105.557 0.089
201809 0.097 105.636 0.121
201812 0.115 105.399 0.144
201903 0.155 106.979 0.192
201906 0.105 107.690 0.129
201909 0.152 107.611 0.187
201912 0.148 107.769 0.182
202003 0.162 107.927 0.199
202006 0.070 108.401 0.085
202009 0.043 108.164 0.053
202012 0.038 108.559 0.046
202103 0.028 110.298 0.034
202106 0.051 111.720 0.060
202109 0.050 112.905 0.059
202112 0.044 113.774 0.051
202203 0.069 117.646 0.078
202206 0.068 120.806 0.074
202209 0.066 120.648 0.072
202212 0.060 120.964 0.066
202303 0.062 122.702 0.067
202306 0.053 124.203 0.056
202309 0.078 125.230 0.082
202312 0.076 125.072 0.080
202403 0.066 126.258 0.069
202406 0.073 127.522 0.076
202409 0.063 127.285 0.065
202412 0.067 127.364 0.070
202503 0.082 129.181 0.084
202506 0.065 129.892 0.066
202509 0.070 130.287 0.071
202512 0.053 130.366 0.054
202603 0.043 132.262 0.043

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 0.42 mean?
Kelso Technologies (TSX:KLS) has a Cyclically Adjusted PS Ratio of 0.42 as of Jul. 15, 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 Kelso Technologies and its competitors. This is 80% below median its historical median of 2.09. Over the past decade, Kelso Technologies' Cyclically Adjusted PS Ratio has ranged from 0.32 to 8.45. According to the industry distribution chart, Kelso Technologies ranks #204 out of 757 companies in the Transportation industry, placing it in the top 26.9%.
Is Kelso Technologies' Cyclically Adjusted PS Ratio too high?
Kelso Technologies' current Cyclically Adjusted PS Ratio of 0.42 is 80% below median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 8.45. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. Kelso Technologies' value of 0.42 is 53.3% below this industry median. Based on the distribution chart, Kelso Technologies ranks #204 out of 757 companies in the Transportation industry, which is above the industry midpoint. Overall, Kelso Technologies has a GF Score™ of 28/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kelso Technologies' Cyclically Adjusted PS Ratio compare to UNP and CSX?
According to the Transportation industry distribution chart, Kelso Technologies ranks #204 out of 757 companies for Cyclically Adjusted PS Ratio. This puts Kelso Technologies in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Kelso Technologies' value of 0.42 is 53.3% below this benchmark. Historically, Kelso Technologies' own Cyclically Adjusted PS Ratio has ranged from 0.32 to 8.45 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 0.90, Kelso Technologies 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 757 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. Kelso Technologies's current Cyclically Adjusted PS Ratio of 0.42 is 53.3% 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 Kelso Technologies and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kelso Technologies's current Cyclically Adjusted PS Ratio is 0.42, which is 80% below median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kelso Technologies stock overvalued right now?
Based on GuruFocus' analysis, Kelso Technologies (TSX:KLS) is currently considered Fairly Valued. The stock's GF Value™ is C$0.15, compared to a current price of C$0.14 — trading 6.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.42, which is 80% below median its 10-year median of 2.09 and 53.3% below the Transportation industry median of 0.90. Kelso Technologies' overall GF Score™ is 28/100 with 2 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 Kelso Technologies (TSX:KLS), the current Cyclically Adjusted PS Ratio is 0.42 as of Jul. 15, 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 Kelso Technologies (TSX:KLS) Overvalued in 2026?

Based on GuruFocus' analysis, Kelso Technologies stock appears to be undervalued. The current stock price of C$0.14 is trading 6.7% below its estimated GF Value™ of C$0.15. GuruFocus considers Kelso Technologies to be Fairly Valued.

Key valuation signals for TSX:KLS:

  • Cyclically Adjusted PS Ratio: 0.42 (80% below median its 10-year median of 2.09)
  • GF Value™: C$0.15 vs. price of C$0.14 (6.7% below fair value)
  • GF Score™: 28/100 with 2 warning signs
  • Industry Position: 53.3% below the Transportation median (#204 of 757)

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


Kelso Technologies Business Description

Other Exchanges KIQSF:USA
Address 305 - 1979 Old Okanagan Highway, West Kelowna, BC, CAN, V4T 3A4
Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various fuel valves, pressure relief valves, manway securement systems, and other related products designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars. It operates one business segment, which consists of the design, production, and distribution of various proprietary products for the rail sector. Geographically, it operates in the United States.
28GF Score

Get the complete analysis for TSX:KLS

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

C$0.14
Price
C$0.15
GF Value