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Therma BrightTSXV:THRM -10.00% Cyclically Adjusted PS Ratio is 4.50 as of Jul. 23, 2026, which is 63% below its 10-year median of 12.00. The stock has 5 warning signs investors should review. Among 521 Medical Devices & Instruments companies, Therma Bright ranks worse than 72.36% on this metric.
The historical rank and industry rank for Therma Bright's Cyclically Adjusted PS Ratio or its related term are showing as below:
TSXV:THRM'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.87 Med: 12 Max: 64
Current: 4.87
During the past years, Therma Bright's highest Cyclically Adjusted PS Ratio was 64.00. The lowest was 4.87. And the median was 12.00.
TSXV:THRM's Cyclically Adjusted PS Ratio is ranked worse than 72.36% of 521
companies
in the Medical Devices & Instruments industry
Industry Median: 2.27
vs TSXV:THRM: 4.87
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.
Therma Bright's adjusted revenue per share data for the three months ended in Apr. 2026 was C$0.001. 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$0.01 for the trailing ten years ended in Apr. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Therma Bright (TSXV:THRM) 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.
Therma Bright Cyclically Adjusted PS Ratio Related Terms
Therma Bright Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Therma Bright'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.
TSXV:THRM vs ABT, SYK, MDT: Cyclically Adjusted PS Ratio Comparison
For the Medical Devices subindustry, Therma Bright'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.
Therma Bright Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Therma Bright's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Therma Bright's Cyclically Adjusted PS Ratio falls into.
Therma Bright 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.
Therma Bright's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 4.50 mean?
Therma Bright (TSXV:THRM) has a Cyclically Adjusted PS Ratio of 4.50 as of Jul. 23, 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 Therma Bright and its competitors. This is 63% below median its historical median of 12.00. Over the past decade, Therma Bright's Cyclically Adjusted PS Ratio has ranged from 4.87 to 64.00. According to the industry distribution chart, Therma Bright ranks #377 out of 521 companies in the Medical Devices & Instruments industry, placing it in the top 72.4%.
Is Therma Bright's Cyclically Adjusted PS Ratio too high?
Therma Bright's current Cyclically Adjusted PS Ratio of 4.50 is 63% below median its 10-year median of 12.00. Over the past 10 years, this metric has ranged from a low of 4.87 to a high of 64.00. The Medical Devices & Instruments industry median Cyclically Adjusted PS Ratio is 2.27. Therma Bright's value of 4.50 is 98.2% above this industry median. Based on the distribution chart, Therma Bright ranks #377 out of 521 companies in the Medical Devices & Instruments industry, which is below the industry midpoint.
How does Therma Bright's Cyclically Adjusted PS Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Therma Bright ranks #377 out of 521 companies for Cyclically Adjusted PS Ratio. This places Therma Bright in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.27. Therma Bright's value of 4.50 is 98.2% above this benchmark. Historically, Therma Bright's own Cyclically Adjusted PS Ratio has ranged from 4.87 to 64.00 over the past decade. While the company's 10-year median is 12.00 vs. the industry median of 2.27, Therma Bright 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PS Ratio among Medical Devices & Instruments companies is 2.27, based on 521 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. Therma Bright's current Cyclically Adjusted PS Ratio of 4.50 is 98.2% 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 Therma Bright and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PS Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Therma Bright's current Cyclically Adjusted PS Ratio is 4.50, which is 63% below median its own 10-year median of 12.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Therma Bright stock overvalued right now?
Therma Bright (TSXV:THRM) has a current Cyclically Adjusted PS Ratio of 4.50. The current Cyclically Adjusted PS Ratio is 4.50, which is 63% below median its 10-year median of 12.00 and 98.2% above the Medical Devices & Instruments industry median of 2.27. 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 Therma Bright (TSXV:THRM), the current Cyclically Adjusted PS Ratio is 4.50 as of Jul. 23, 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.
Therma Bright Inc is a developer and partner in a range of proprietary diagnostic and medical device technologies focused on providing consumers and medical professionals with solutions to address important medical and healthcare challenges. The Company is developing, acquiring, manufacturing and marketing proprietary healthcare and medical devices for the consumer and institutional marketplace focused on 3 key strategic areas: respiratory disease, vascular health, and consumer medical devices.
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