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Tractor Supply Co (WBO:TSCO) Cyclically Adjusted PS Ratio : 2.29 (As of May. 25, 2025)


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What is Tractor Supply Co Cyclically Adjusted PS Ratio?

As of today (2025-05-25), Tractor Supply Co's current share price is €43.51. Tractor Supply Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was €19.02. Tractor Supply Co's Cyclically Adjusted PS Ratio for today is 2.29.

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

WBO:TSCO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.43   Med: 2.6   Max: 3.69
Current: 2.37

During the past years, Tractor Supply Co's highest Cyclically Adjusted PS Ratio was 3.69. The lowest was 1.43. And the median was 2.60.

WBO:TSCO's Cyclically Adjusted PS Ratio is ranked worse than
87.04% of 702 companies
in the Retail - Cyclical industry
Industry Median: 0.55 vs WBO:TSCO: 2.37

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.

Tractor Supply Co's adjusted revenue per share data for the three months ended in Mar. 2025 was €6.004. 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 €19.02 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tractor Supply Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tractor Supply Co'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.

* Premium members only.

Tractor Supply Co Cyclically Adjusted PS Ratio Chart

Tractor Supply Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.57 3.60 2.84 2.38 2.62

Tractor Supply Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.78 2.78 2.93 2.62 2.63

Competitive Comparison of Tractor Supply Co's Cyclically Adjusted PS Ratio

For the Specialty Retail subindustry, Tractor Supply Co'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.


Tractor Supply Co's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tractor Supply Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Tractor Supply Co 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.

Tractor Supply Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=43.51/19.02
=2.29

* 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.

Tractor Supply Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Tractor Supply Co's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=6.004/134.9266*134.9266
=6.004

Current CPI (Mar. 2025) = 134.9266.

Tractor Supply Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.299 100.684 3.081
201509 1.923 100.392 2.585
201512 2.231 99.792 3.016
201603 1.957 100.470 2.628
201606 2.451 101.688 3.252
201609 2.048 101.861 2.713
201612 2.759 101.863 3.655
201703 2.231 102.862 2.926
201706 2.790 103.349 3.642
201709 2.276 104.136 2.949
201712 2.617 104.011 3.395
201803 2.181 105.290 2.795
201806 3.086 106.317 3.916
201809 2.627 106.507 3.328
201812 3.045 105.998 3.876
201903 2.640 107.251 3.321
201906 3.429 108.070 4.281
201909 3.001 108.329 3.738
201912 3.308 108.420 4.117
202003 3.020 108.902 3.742
202006 4.829 108.767 5.990
202009 3.759 109.815 4.619
202012 4.018 109.897 4.933
202103 4.002 111.754 4.832
202106 5.150 114.631 6.062
202109 4.454 115.734 5.193
202112 5.118 117.630 5.871
202203 4.838 121.301 5.381
202206 6.575 125.017 7.096
202209 5.922 125.227 6.381
202212 6.801 125.222 7.328
202303 5.563 127.348 5.894
202306 7.020 128.729 7.358
202309 5.848 129.860 6.076
202312 6.168 129.419 6.430
202403 5.756 131.776 5.894
202406 7.290 132.554 7.420
202409 5.804 133.029 5.887
202412 6.718 133.157 6.807
202503 6.004 134.927 6.004

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.


Tractor Supply Co  (WBO:TSCO) 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.


Tractor Supply Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Tractor Supply Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tractor Supply Co Business Description

Address
5401 Virginia Way, Brentwood, TN, USA, 37027
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. At the end of fiscal 2024, the company operated 2,296 of its namesake banners in 49 states, along with 206 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2023 (most recent data available), revenue consisted primarily of livestock, equine & agriculture (27%), companion animal (25%), and seasonal & recreation (22%).