Tilray Brands (TSX:TLRY) Cyclically Adjusted PS Ratio: 0.40 (As of Jul. 12, 2026) — 78% Below Median


TSX:TLRY Tilray Brands Inc TSX:TLRY
58 GF Score
Price C$6.23
GF Value C$17.39
Valuation Possible Value Trap
! 5 Warning Signs
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What is Tilray Brands Cyclically Adjusted PS Ratio?

Tilray Brands TSX:TLRY +0.32% 58 Cyclically Adjusted PS Ratio is 0.40 as of Jul. 12, 2026, which is 78% below its 10-year median of 1.84. GuruFocus rates TSX:TLRY with a GF Score™ of 58/100 and a GF Value™ of C$17.39 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 752 Drug Manufacturers companies, Tilray Brands ranks better than 89.1% on this metric.

As of today (2026-07-12), Tilray Brands's current share price is C$6.23. Tilray Brands's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was C$15.46. Tilray Brands's Cyclically Adjusted PS Ratio for today is 0.40.

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

TSX:TLRY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 1.84   Max: 15.93
Current: 0.39

During the past years, Tilray Brands's highest Cyclically Adjusted PS Ratio was 15.93. The lowest was 0.33. And the median was 1.84.

TSX:TLRY's Cyclically Adjusted PS Ratio is ranked better than
89.1% of 752 companies
in the Drug Manufacturers industry
Industry Median: 1.99 vs TSX:TLRY: 0.39

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.

Tilray Brands's adjusted revenue per share data for the three months ended in Feb. 2026 was C$2.504. 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$15.46 for the trailing ten years ended in Feb. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tilray Brands  (TSX:TLRY) 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.


Tilray Brands Cyclically Adjusted PS Ratio Related Terms


Tilray Brands Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tilray Brands'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.

Tilray Brands Cyclically Adjusted PS Ratio Chart

Tilray Brands Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 4.74 1.70 1.77 0.40

Tilray Brands Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.70 0.40 1.26 0.73 0.69

TSX:TLRY vs AQST, EOLS, NIKA: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Tilray Brands'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.


Tilray Brands Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tilray Brands's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:TLRY
58GF Score
Tilray Brands Inc TSX:TLRY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tilray Brands 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.

Tilray Brands's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.23/15.46
=0.40

* 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.

Tilray Brands's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 is calculated as:

For example, Tilray Brands's adjusted Revenue per Share data for the three months ended in Feb. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=2.504/131.0772*131.0772
=2.504

Current CPI (Feb. 2026) = 131.0772.

Tilray Brands Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 0.505 101.765 0.650
201608 0.631 101.686 0.813
201611 0.614 101.607 0.792
201702 0.513 102.476 0.656
201705 0.447 103.108 0.568
201708 0.500 103.108 0.636
201711 0.690 103.740 0.872
201802 0.721 104.688 0.903
201805 0.688 105.399 0.856
201808 0.691 106.031 0.854
201811 1.031 105.478 1.281
201902 3.526 106.268 4.349
201905 6.196 107.927 7.525
201908 5.913 108.085 7.171
201911 5.692 107.769 6.923
202002 6.625 108.559 7.999
202005 6.968 107.532 8.494
202008 6.423 108.243 7.778
202011 6.951 108.796 8.375
202102 5.927 109.745 7.079
202105 5.289 111.404 6.223
202108 4.711 112.668 5.481
202111 4.236 113.932 4.873
202202 3.951 115.986 4.465
202205 3.836 120.016 4.190
202208 3.440 120.569 3.740
202211 3.171 121.675 3.416
202302 3.182 122.070 3.417
202305 3.670 124.045 3.878
202308 3.450 125.389 3.607
202311 3.635 125.468 3.798
202402 3.370 125.468 3.521
202405 3.954 127.601 4.062
202408 3.120 127.838 3.199
202411 3.408 127.838 3.494
202502 2.925 128.786 2.977
202505 3.181 129.813 3.212
202508 2.726 130.208 2.744
202511 2.771 130.682 2.779
202602 2.504 131.077 2.504

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 0.40 mean?
Tilray Brands (TSX:TLRY) has a Cyclically Adjusted PS Ratio of 0.40 as of Jul. 12, 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 Tilray Brands and its competitors. This is 78% below median its historical median of 1.84. Over the past decade, Tilray Brands' Cyclically Adjusted PS Ratio has ranged from 0.33 to 15.93. According to the industry distribution chart, Tilray Brands ranks #82 out of 752 companies in the Drug Manufacturers industry, placing it in the top 10.9%.
Is Tilray Brands' Cyclically Adjusted PS Ratio too high?
Tilray Brands' current Cyclically Adjusted PS Ratio of 0.40 is 78% below median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 15.93. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 1.99. Tilray Brands' value of 0.40 is 79.9% below this industry median. Based on the distribution chart, Tilray Brands ranks #82 out of 752 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Tilray Brands has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tilray Brands' Cyclically Adjusted PS Ratio compare to AQST and EOLS?
According to the Drug Manufacturers industry distribution chart, Tilray Brands ranks #82 out of 752 companies for Cyclically Adjusted PS Ratio. This places Tilray Brands in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.99. Tilray Brands' value of 0.40 is 79.9% below this benchmark. Historically, Tilray Brands' own Cyclically Adjusted PS Ratio has ranged from 0.33 to 15.93 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 1.99, Tilray Brands 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 1.99, based on 752 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. Tilray Brands's current Cyclically Adjusted PS Ratio of 0.40 is 79.9% 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 Tilray Brands and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tilray Brands's current Cyclically Adjusted PS Ratio is 0.40, which is 78% below median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tilray Brands stock overvalued right now?
Based on GuruFocus' analysis, Tilray Brands (TSX:TLRY) is currently considered Possible Value Trap. The stock's GF Value™ is C$17.39, compared to a current price of C$6.23 — trading 64.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.40, which is 78% below median its 10-year median of 1.84 and 79.9% below the Drug Manufacturers industry median of 1.99. Tilray Brands' overall GF Score™ is 58/100 with 5 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 Tilray Brands (TSX:TLRY), the current Cyclically Adjusted PS Ratio is 0.40 as of Jul. 12, 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 Tilray Brands (TSX:TLRY) Overvalued in 2026?

Based on GuruFocus' analysis, Tilray Brands stock appears to be undervalued. The current stock price of C$6.23 is trading 64.2% below its estimated GF Value™ of C$17.39. GuruFocus considers Tilray Brands to be Possible Value Trap.

Key valuation signals for TSX:TLRY:

  • Cyclically Adjusted PS Ratio: 0.40 (78% below median its 10-year median of 1.84)
  • GF Value™: C$17.39 vs. price of C$6.23 (64.2% below fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 79.9% below the Drug Manufacturers median (#82 of 752)

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


Tilray Brands Business Description

Address 265 Talbot Street West, Leamington, ON, CAN, N8H 5L4
Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. US exposure comes mainly from alcohol.
58GF Score

Get the complete analysis for TSX:TLRY

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

C$6.23
Price
C$17.39
GF Value