Totvs (TTVSY) Cyclically Adjusted PS Ratio: 3.93 (As of Jul. 25, 2026) — 20% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

TTVSY Totvs SA TTVSY
66 GF Score
Price $10.80
GF Value $18.19
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Totvs Cyclically Adjusted PS Ratio?

Totvs TTVSY +0.93% 66 Cyclically Adjusted PS Ratio is 3.93 as of Jul. 25, 2026, which is 20% below its 10-year median of 4.93. GuruFocus rates TTVSY with a GF Score™ of 66/100 and a GF Value™ of $18.19 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,593 Software companies, Totvs ranks worse than 73.2% on this metric.

As of today (2026-07-25), Totvs's current share price is $10.80. Totvs's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $2.75. Totvs's Cyclically Adjusted PS Ratio for today is 3.93.

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

TTVSY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.89   Med: 4.93   Max: 7.99
Current: 3.95

During the past years, Totvs's highest Cyclically Adjusted PS Ratio was 7.99. The lowest was 1.89. And the median was 4.93.

TTVSY's Cyclically Adjusted PS Ratio is ranked worse than
73.2% of 1593 companies
in the Software industry
Industry Median: 1.62 vs TTVSY: 3.95

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.

Totvs's adjusted revenue per share data for the three months ended in Mar. 2026 was $1.088. 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 $2.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Totvs  (OTCPK:TTVSY) 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.


Totvs Cyclically Adjusted PS Ratio Related Terms


Totvs Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Totvs'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.

Totvs Cyclically Adjusted PS Ratio Chart

Totvs 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 5.43 4.88 5.55 4.08 5.89

Totvs 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 4.93 6.10 6.50 5.89 4.73

TTVSY vs UBER, SHOP, CRM: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Totvs'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.


Totvs Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Totvs's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TTVSY
66GF Score
Totvs SA TTVSY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Totvs 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.

Totvs's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.80/2.75
=3.93

* 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.

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

For example, Totvs'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)
=1.088/175.0655*175.0655
=1.088

Current CPI (Mar. 2026) = 175.0655.

Totvs Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.641 108.851 1.031
201609 0.664 109.986 1.057
201612 0.651 110.802 1.029
201703 0.722 111.869 1.130
201706 0.676 112.115 1.056
201709 0.723 112.777 1.122
201712 0.394 114.068 0.605
201803 0.638 114.868 0.972
201806 0.540 117.038 0.808
201809 0.539 117.881 0.800
201812 0.540 118.340 0.799
201903 0.593 120.124 0.864
201906 0.568 120.977 0.822
201909 0.519 121.292 0.749
201912 0.488 123.436 0.692
202003 0.426 124.092 0.601
202006 0.419 123.557 0.594
202009 0.437 125.095 0.612
202012 0.466 129.012 0.632
202103 0.445 131.660 0.592
202106 0.485 133.871 0.634
202109 0.508 137.913 0.645
202112 0.475 141.992 0.586
202203 0.586 146.537 0.700
202206 0.587 149.784 0.686
202209 0.605 147.800 0.717
202212 0.624 150.207 0.727
202303 0.666 153.352 0.760
202306 0.732 154.519 0.829
202309 0.752 155.464 0.847
202312 0.783 157.148 0.872
202403 0.804 159.372 0.883
202406 0.781 161.052 0.849
202409 0.790 162.342 0.852
202412 0.600 164.740 0.638
202503 0.809 168.102 0.843
202506 0.896 169.670 0.924
202509 0.972 170.739 0.997
202512 0.771 171.765 0.786
202603 1.088 175.066 1.088

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 3.93 mean?
Totvs (TTVSY) has a Cyclically Adjusted PS Ratio of 3.93 as of Jul. 25, 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 Totvs and its competitors. This is 20% below median its historical median of 4.93. Over the past decade, Totvs' Cyclically Adjusted PS Ratio has ranged from 1.89 to 7.99. According to the industry distribution chart, Totvs ranks #1166 out of 1593 companies in the Software industry, placing it in the top 73.2%.
Is Totvs' Cyclically Adjusted PS Ratio too high?
Totvs' current Cyclically Adjusted PS Ratio of 3.93 is 20% below median its 10-year median of 4.93. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 7.99. The Software industry median Cyclically Adjusted PS Ratio is 1.62. Totvs' value of 3.93 is 142.6% above this industry median. Based on the distribution chart, Totvs ranks #1166 out of 1593 companies in the Software industry, which is below the industry midpoint. Overall, Totvs has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Totvs' Cyclically Adjusted PS Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Totvs ranks #1166 out of 1593 companies for Cyclically Adjusted PS Ratio. This places Totvs in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.62. Totvs' value of 3.93 is 142.6% above this benchmark. Historically, Totvs' own Cyclically Adjusted PS Ratio has ranged from 1.89 to 7.99 over the past decade. While the company's 10-year median is 4.93 vs. the industry median of 1.62, Totvs 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.62, based on 1,593 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. Totvs's current Cyclically Adjusted PS Ratio of 3.93 is 142.6% 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 Totvs and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Totvs's current Cyclically Adjusted PS Ratio is 3.93, which is 20% below median its own 10-year median of 4.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Totvs stock overvalued right now?
Based on GuruFocus' analysis, Totvs (TTVSY) is currently considered Significantly Undervalued. The stock's GF Value™ is $18.19, compared to a current price of $10.80 — trading 40.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.93, which is 20% below median its 10-year median of 4.93 and 142.6% above the Software industry median of 1.62. Totvs' overall GF Score™ is 66/100 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 Totvs (TTVSY), the current Cyclically Adjusted PS Ratio is 3.93 as of Jul. 25, 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 Totvs (TTVSY) Overvalued in 2026?

Based on GuruFocus' analysis, Totvs stock appears to be undervalued. The current stock price of $10.80 is trading 40.6% below its estimated GF Value™ of $18.19. GuruFocus considers Totvs to be Significantly Undervalued.

Key valuation signals for TTVSY:

  • Cyclically Adjusted PS Ratio: 3.93 (20% below median its 10-year median of 4.93)
  • GF Value™: $18.19 vs. price of $10.80 (40.6% below fair value)
  • GF Score™: 66/100 with 1 warning sign
  • Industry Position: 142.6% above the Software median (#1166 of 1593)

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


Totvs Business Description

Other Exchanges TOTS3:Brazil
Address Avenida Braz Leme, Sao Paulo, SP, BRA, 1000
Totvs SA is a provider of information technology solutions to small and medium enterprises in the education, government, healthcare, and retail end markets. The Company's business purpose is to provide business solutions for companies of all sizes, through the development and sale of management software, productivity platforms, collaboration, and data intelligence, digital marketing, as well as the provision of implementation, consulting, advisory, maintenance services, e-commerce, and mobility. The Company operates in three reportable segments, which include the TOTVS Management segment, the RD Station segment, and the TOTVS Techfin segment. The majority of its revenues is generated from the TOTVS Management segment.
66GF Score

Get the complete analysis for TTVSY

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

$10.80
Price
$18.19
GF Value