True Games Syndicate (WAR:TGS) Cyclically Adjusted PS Ratio: (As of Jul. 17, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

WAR:TGS True Games Syndicate SA WAR:TGS
15 GF Score
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What is True Games Syndicate Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


True Games Syndicate  (WAR:TGS) 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.


True Games Syndicate Cyclically Adjusted PS Ratio Related Terms


True Games Syndicate Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for True Games Syndicate'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.

True Games Syndicate Cyclically Adjusted PS Ratio Chart

True Games Syndicate 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 0.00 0.00 0.00 0.00 0.00

True Games Syndicate 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 0.00 0.00 1.48 0.00 0.00

WAR:TGS vs NTES, EA, TTWO: Cyclically Adjusted PS Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, True Games Syndicate'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.


True Games Syndicate Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, True Games Syndicate's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:TGS
15GF Score
True Games Syndicate SA WAR:TGS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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True Games Syndicate 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.

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

For example, True Games Syndicate'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)
=0/163.0700*163.0700
=0.000

Current CPI (Mar. 2026) = 163.0700.

True Games Syndicate Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.060 99.552 0.098
201609 0.059 99.064 0.097
201612 0.052 100.366 0.084
201703 0.034 101.018 0.055
201706 0.039 101.180 0.063
201709 0.021 101.343 0.034
201712 0.031 102.564 0.049
201803 0.034 102.564 0.054
201806 0.027 103.378 0.043
201809 0.032 103.378 0.050
201812 0.030 103.785 0.047
201903 0.044 104.274 0.069
201906 0.038 105.983 0.058
201909 0.038 105.983 0.058
201912 0.047 107.123 0.072
202003 0.048 109.076 0.072
202006 0.018 109.402 0.027
202009 0.036 109.320 0.054
202012 0.031 109.565 0.046
202103 0.014 112.658 0.020
202106 0.000 113.960 0.000
202109 0.000 115.588 0.000
202112 0.000 119.088 0.000
202203 0.001 125.031 0.001
202206 0.000 131.705 0.000
202209 0.000 135.531 0.000
202212 0.000 139.113 0.000
202303 0.000 145.950 0.000
202306 0.000 147.009 0.000
202309 0.000 146.113 0.000
202312 0.000 147.741 0.000
202403 0.000 149.044 0.000
202406 0.000 150.997 0.000
202409 0.000 153.439 0.000
202412 0.000 154.660 0.000
202503 0.000 157.021 0.000
202506 0.000 157.509 0.000
202509 0.003 158.000 0.003
202512 0.000 158.320 0.000
202603 0.000 163.070 0.000

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.


True Games Syndicate Business Description

Address Wernyhory 29a, Warsaw, POL, 02-727
True Games Syndicate SA is a gaming company. The goal of the company is to create a gaming brand related to criminal culture and to produce games showing life on the edge of the law.
15GF Score

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

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