Trex (WAR:TRX) Cyclically Adjusted PS Ratio: 2.23 (As of Sep. 17, 2026) — 228% Above Median

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WAR:TRX Trex SA WAR:TRX
27 GF Score
Price zł3.94
! 2 Warning Signs
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What is Trex Cyclically Adjusted PS Ratio?

Trex WAR:TRX -0.51% 27 Cyclically Adjusted PS Ratio is 2.23 as of Sep. 17, 2026, which is 228% above its 10-year median of 0.68. GuruFocus rates WAR:TRX with a GF Score™ of 27/100. The stock has 2 warning signs investors should review. Among 726 Business Services companies, Trex ranks worse than 73.14% on this metric.

As of today (2026-09-17), Trex's current share price is zł3.94. Trex's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was zł1.76. Trex's Cyclically Adjusted PS Ratio for today is 2.23.

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

WAR:TRX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.68   Max: 2.12
Current: 1.93

During the past years, Trex's highest Cyclically Adjusted PS Ratio was 2.12. The lowest was 0.24. And the median was 0.68.

WAR:TRX's Cyclically Adjusted PS Ratio is ranked worse than
73.14% of 726 companies
in the Business Services industry
Industry Median: 0.89 vs WAR:TRX: 1.93

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.

Trex's adjusted revenue per share data for the three months ended in Jun. 2026 was zł0.950. 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 zł1.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trex  (WAR:TRX) 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.


Trex Cyclically Adjusted PS Ratio Related Terms


Trex Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Trex'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.

Trex Cyclically Adjusted PS Ratio Chart

Trex 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 0.57 0.93 1.32 0.79 1.09

Trex Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.77 0.80 0.95 2.26 2.05

WAR:TRX vs CTAS, CPRT, GPN: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, Trex'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.


Trex Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Trex's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:TRX
27GF Score
Trex SA WAR:TRX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Trex 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.94/1.763
=2.23

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.95/162.2800*162.2800
=0.950

Current CPI (Jun. 2026) = 162.2800.

Trex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.179 99.064 0.293
201612 0.168 100.366 0.272
201703 0.232 101.018 0.373
201706 0.292 101.180 0.468
201709 0.213 101.343 0.341
201712 0.217 102.564 0.343
201803 0.267 102.564 0.422
201806 0.337 103.378 0.529
201809 0.285 103.378 0.447
201812 0.222 103.785 0.347
201903 0.388 104.274 0.604
201906 0.381 105.983 0.583
201909 0.346 105.983 0.530
201912 0.299 107.123 0.453
202003 0.472 109.076 0.702
202006 0.361 109.402 0.535
202009 0.033 109.320 0.049
202012 0.034 109.565 0.050
202103 0.031 112.658 0.045
202106 0.039 113.960 0.056
202109 0.018 115.588 0.025
202112 0.000 119.088 0.000
202203 0.000 125.031 0.000
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 0.154 149.044 0.168
202406 0.288 150.997 0.310
202409 0.292 153.439 0.309
202412 0.495 154.660 0.519
202503 0.602 157.021 0.622
202506 0.508 157.509 0.523
202509 0.608 158.000 0.624
202512 1.000 158.320 1.025
202603 1.153 163.070 1.147
202606 0.950 162.280 0.950

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 2.23 mean?
Trex (WAR:TRX) has a Cyclically Adjusted PS Ratio of 2.23 as of Sep. 17, 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 Trex and its competitors. This is 228% above median its historical median of 0.68. Over the past decade, Trex's Cyclically Adjusted PS Ratio has ranged from 0.24 to 2.12. According to the industry distribution chart, Trex ranks #531 out of 726 companies in the Business Services industry, placing it in the top 73.1%.
Is Trex's Cyclically Adjusted PS Ratio too high?
Trex's current Cyclically Adjusted PS Ratio of 2.23 is 228% above median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 2.12. The Business Services industry median Cyclically Adjusted PS Ratio is 0.89. Trex's value of 2.23 is 150.6% above this industry median. Based on the distribution chart, Trex ranks #531 out of 726 companies in the Business Services industry, which is below the industry midpoint. Overall, Trex has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Trex's Cyclically Adjusted PS Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Trex ranks #531 out of 726 companies for Cyclically Adjusted PS Ratio. This places Trex in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.89. Trex's value of 2.23 is 150.6% above this benchmark. Historically, Trex's own Cyclically Adjusted PS Ratio has ranged from 0.24 to 2.12 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.89, Trex 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.89, based on 726 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. Trex's current Cyclically Adjusted PS Ratio of 2.23 is 150.6% 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 Trex and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trex's current Cyclically Adjusted PS Ratio is 2.23, which is 228% above median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trex stock overvalued right now?
Trex (WAR:TRX) has a current Cyclically Adjusted PS Ratio of 2.23. The current Cyclically Adjusted PS Ratio is 2.23, which is 228% above median its 10-year median of 0.68 and 150.6% above the Business Services industry median of 0.89. Trex's overall GF Score™ is 27/100 with 2 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 Trex (WAR:TRX), the current Cyclically Adjusted PS Ratio is 2.23 as of Sep. 17, 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.

Trex Business Description

Address ul. Polczynska 31A, Warszawa, POL, 01-377
Trex SA provides financial services in Poland. The company offers various services such as auditing, tax consultancy, bookkeeping, financial and economic analysis, assistance in business planning and valuation of companies.
27GF 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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