Trican Well Service (TSX:TCW) Cyclically Adjusted PS Ratio: 1.81 (As of Jul. 20, 2026) — 341% Above 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.

TSX:TCW Trican Well Service Ltd TSX:TCW
80 GF Score
Price C$6.68
GF Value C$6.12
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Trican Well Service Cyclically Adjusted PS Ratio?

Trican Well Service TSX:TCW +1.67% 80 Cyclically Adjusted PS Ratio is 1.81 as of Jul. 20, 2026, which is 341% above its 10-year median of 0.41. GuruFocus rates TSX:TCW with a GF Score™ of 80/100 and a GF Value™ of C$6.12 (Fairly Valued). The stock has 1 warning sign investors should review. Among 707 Oil & Gas companies, Trican Well Service ranks worse than 65.91% on this metric.

As of today (2026-07-20), Trican Well Service's current share price is C$6.68. Trican Well Service's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$3.69. Trican Well Service's Cyclically Adjusted PS Ratio for today is 1.81.

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

TSX:TCW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.41   Max: 2.19
Current: 1.81

During the past years, Trican Well Service's highest Cyclically Adjusted PS Ratio was 2.19. The lowest was 0.05. And the median was 0.41.

TSX:TCW's Cyclically Adjusted PS Ratio is ranked worse than
65.91% of 707 companies
in the Oil & Gas industry
Industry Median: 1.04 vs TSX:TCW: 1.81

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.

Trican Well Service's adjusted revenue per share data for the three months ended in Mar. 2026 was C$1.556. 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$3.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trican Well Service  (TSX:TCW) 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.


Trican Well Service Cyclically Adjusted PS Ratio Related Terms


Trican Well Service Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Trican Well Service'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.

Trican Well Service Cyclically Adjusted PS Ratio Chart

Trican Well Service 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 0.37 0.58 0.80 1.46 1.66

Trican Well Service 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 1.33 1.27 1.73 1.66 1.98

TSX:TCW vs SLB, BKR, HAL: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Trican Well Service'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.


Trican Well Service Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Trican Well Service's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Trican Well Service's Cyclically Adjusted PS Ratio falls into.


TSX:TCW
80GF Score
Trican Well Service Ltd TSX:TCW
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trican Well Service 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.

Trican Well Service's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.68/3.69
=1.81

* 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.

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

For example, Trican Well Service'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)
=1.556/132.2623*132.2623
=1.556

Current CPI (Mar. 2026) = 132.2623.

Trican Well Service Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.211 102.002 0.274
201609 0.404 101.765 0.525
201612 0.593 101.449 0.773
201703 0.772 102.634 0.995
201706 0.560 103.029 0.719
201709 1.040 103.345 1.331
201712 0.808 103.345 1.034
201803 0.917 105.004 1.155
201806 0.523 105.557 0.655
201809 0.793 105.636 0.993
201812 0.432 105.399 0.542
201903 0.797 106.979 0.985
201906 0.361 107.690 0.443
201909 0.453 107.611 0.557
201912 0.589 107.769 0.723
202003 0.715 107.927 0.876
202006 0.106 108.401 0.129
202009 0.281 108.164 0.344
202012 0.400 108.559 0.487
202103 0.573 110.298 0.687
202106 0.367 111.720 0.434
202109 0.638 112.905 0.747
202112 0.615 113.774 0.715
202203 0.866 117.646 0.974
202206 0.607 120.806 0.665
202209 1.051 120.648 1.152
202212 1.000 120.964 1.093
202303 1.286 122.702 1.386
202306 0.755 124.203 0.804
202309 1.165 125.230 1.230
202312 1.184 125.072 1.252
202403 1.284 126.258 1.345
202406 1.022 127.522 1.060
202409 1.108 127.285 1.151
202412 1.424 127.364 1.479
202503 1.357 129.181 1.389
202506 1.159 129.892 1.180
202509 1.552 130.287 1.576
202512 1.508 130.366 1.530
202603 1.556 132.262 1.556

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 1.81 mean?
Trican Well Service (TSX:TCW) has a Cyclically Adjusted PS Ratio of 1.81 as of Jul. 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 Trican Well Service and its competitors. This is 341% above median its historical median of 0.41. Over the past decade, Trican Well Service's Cyclically Adjusted PS Ratio has ranged from 0.05 to 2.19. According to the industry distribution chart, Trican Well Service ranks #466 out of 707 companies in the Oil & Gas industry, placing it in the top 65.9%.
Is Trican Well Service's Cyclically Adjusted PS Ratio too high?
Trican Well Service's current Cyclically Adjusted PS Ratio of 1.81 is 341% above median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 2.19. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.04. Trican Well Service's value of 1.81 is 74% above this industry median. Based on the distribution chart, Trican Well Service ranks #466 out of 707 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Trican Well Service has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Trican Well Service's Cyclically Adjusted PS Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Trican Well Service ranks #466 out of 707 companies for Cyclically Adjusted PS Ratio. This places Trican Well Service in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.04. Trican Well Service's value of 1.81 is 74% above this benchmark. Historically, Trican Well Service's own Cyclically Adjusted PS Ratio has ranged from 0.05 to 2.19 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 1.04, Trican Well Service 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.04, based on 707 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. Trican Well Service's current Cyclically Adjusted PS Ratio of 1.81 is 74% 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 Trican Well Service and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trican Well Service's current Cyclically Adjusted PS Ratio is 1.81, which is 341% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trican Well Service stock overvalued right now?
Based on GuruFocus' analysis, Trican Well Service (TSX:TCW) is currently considered Fairly Valued. The stock's GF Value™ is C$6.12, compared to a current price of C$6.68 — trading 9.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.81, which is 341% above median its 10-year median of 0.41 and 74% above the Oil & Gas industry median of 1.04. Trican Well Service's overall GF Score™ is 80/100 with 1 warning sign 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 Trican Well Service (TSX:TCW), the current Cyclically Adjusted PS Ratio is 1.81 as of Jul. 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 Trican Well Service (TSX:TCW) Overvalued in 2026?

Based on GuruFocus' analysis, Trican Well Service stock appears to be overvalued. The current stock price of C$6.68 is trading 9.2% above its estimated GF Value™ of C$6.12. GuruFocus considers Trican Well Service to be Fairly Valued.

Key valuation signals for TSX:TCW:

  • Cyclically Adjusted PS Ratio: 1.81 (341% above median its 10-year median of 0.41)
  • GF Value™: C$6.12 vs. price of C$6.68 (9.2% above fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 74% above the Oil & Gas median (#466 of 707)

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


Trican Well Service Business Description

Industry EnergyOil & Gas
Other Exchanges TOLWF:USATWZ:Germany
Address 645 - 7th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 4G8
Trican Well Service Ltd is an equipment services company. It provides products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells through its continuing pressure pumping operations in Canada. Additionally, the company offers services related to coiled tubing, pipeline service, cementing, fracturing, and reservoir solutions to customers operating from bases located across the Western Canadian Sedimentary Basin (WCSB).
80GF Score

Get the complete analysis for TSX:TCW

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

C$6.68
Price
C$6.12
GF Value