Tourmaline Oil (FRA:08T) Cyclically Adjusted Revenue per Share: €9.23 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

FRA:08T Tourmaline Oil Corp FRA:08T
86 GF Score
Price €39.51
GF Value €38.91
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Tourmaline Oil Cyclically Adjusted Revenue per Share?

Tourmaline Oil FRA:08T -0.23% 86 Cyclically Adjusted Revenue per Share is €9.23 as of Jun. 2026. GuruFocus rates FRA:08T with a GF Score™ of 86/100 and a GF Value™ of €38.91 (Fairly Valued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Tourmaline Oil's adjusted revenue per share for the three months ended in Jun. 2026 was €2.168. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €9.23 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Tourmaline Oil's average Cyclically Adjusted Revenue Growth Rate was 10.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 19.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Tourmaline Oil was 26.20% per year. The lowest was 11.20% per year. And the median was 22.00% per year.

As of today (2026-09-17), Tourmaline Oil's current stock price is €39.51. Tourmaline Oil's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €9.23. Tourmaline Oil's Cyclically Adjusted PS Ratio of today is 4.28.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tourmaline Oil was 9.35. The lowest was 1.40. And the median was 4.93.


Tourmaline Oil  (FRA:08T) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Tourmaline Oil's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=39.51/9.225
=4.28

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tourmaline Oil was 9.35. The lowest was 1.40. And the median was 4.93.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Tourmaline Oil Cyclically Adjusted Revenue per Share Related Terms


Tourmaline Oil Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Tourmaline Oil's Cyclically Adjusted Revenue per Share 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.

Tourmaline Oil Cyclically Adjusted Revenue per Share Chart

Tourmaline Oil Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.79 6.48 7.46 8.01 8.71

Tourmaline Oil Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share 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 8.44 8.57 8.70 9.00 9.23

FRA:08T vs COP, EOG, OXY: Cyclically Adjusted Revenue per Share Comparison

For the Oil & Gas E&P subindustry, Tourmaline Oil'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.


Tourmaline Oil Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tourmaline Oil's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:08T
86GF Score
Tourmaline Oil Corp FRA:08T
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tourmaline Oil Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Tourmaline Oil'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)
=2.168/133.5265*133.5265
=2.168

Current CPI (Jun. 2026) = 133.5265.

Tourmaline Oil Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.791 101.765 1.038
201612 1.064 101.449 1.400
201703 1.108 102.634 1.442
201706 1.131 103.029 1.466
201709 0.763 103.345 0.986
201712 1.069 103.345 1.381
201803 1.168 105.004 1.485
201806 0.932 105.557 1.179
201809 0.972 105.636 1.229
201812 0.987 105.399 1.250
201903 1.355 106.979 1.691
201906 0.838 107.690 1.039
201909 1.070 107.611 1.328
201912 1.474 107.769 1.826
202003 1.287 107.927 1.592
202006 0.988 108.401 1.217
202009 1.233 108.164 1.522
202012 1.569 108.559 1.930
202103 2.221 110.298 2.689
202106 2.087 111.720 2.494
202109 2.570 112.905 3.039
202112 3.324 113.774 3.901
202203 3.516 117.646 3.991
202206 4.513 120.806 4.988
202209 3.855 120.648 4.267
202212 4.434 120.964 4.894
202303 3.505 122.702 3.814
202306 2.294 124.203 2.466
202309 2.615 125.230 2.788
202312 2.804 125.072 2.994
202403 2.721 126.258 2.878
202406 2.282 127.522 2.389
202409 2.206 127.285 2.314
202412 2.512 127.364 2.634
202503 2.888 129.181 2.985
202506 2.256 129.892 2.319
202509 2.072 130.287 2.124
202512 2.441 130.366 2.500
202603 2.589 132.262 2.614
202606 2.168 133.527 2.168

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €9.23 mean?
Tourmaline Oil (FRA:08T) has a Cyclically Adjusted Revenue per Share of €9.23 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tourmaline Oil and its competitors.
Is Tourmaline Oil's Cyclically Adjusted Revenue per Share too high?
Tourmaline Oil's current Cyclically Adjusted Revenue per Share is €9.23. Overall, Tourmaline Oil has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tourmaline Oil's Cyclically Adjusted Revenue per Share compare to COP and EOG?
Tourmaline Oil's Cyclically Adjusted Revenue per Share of €9.23 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Oil & Gas company?
A good Cyclically Adjusted Revenue per Share depends on the Oil & Gas industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tourmaline Oil and its competitors. Tourmaline Oil's current Cyclically Adjusted Revenue per Share is €9.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tourmaline Oil stock overvalued right now?
Based on GuruFocus' analysis, Tourmaline Oil (FRA:08T) is currently considered Fairly Valued. The stock's GF Value™ is €38.91, compared to a current price of €39.51 — trading 1.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €9.23. Tourmaline Oil's overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Tourmaline Oil (FRA:08T), the current Cyclically Adjusted Revenue per Share is €9.23 as of Jun. 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 Tourmaline Oil (FRA:08T) Overvalued in 2026?

Based on GuruFocus' analysis, Tourmaline Oil stock appears to be overvalued. The current stock price of €39.51 is trading 1.5% above its estimated GF Value™ of €38.91. GuruFocus considers Tourmaline Oil to be Fairly Valued.

Key valuation signals for FRA:08T:

  • Cyclically Adjusted Revenue per Share: €9.23
  • GF Value™: €38.91 vs. price of €39.51 (1.5% above fair value)
  • GF Score™: 86/100 with 8 warning signs

No single metric tells the full story. See the FRA:08T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tourmaline Oil Business Description

Industry EnergyOil & Gas
Address 250 - 6th Avenue SW, Suite 2900, Calgary, AB, CAN, T2P 3H7
Tourmaline Oil is a Canadian natural gas producer with an integrated midstream gathering and processing operation. Its primary product is natural gas, but also produces natural gas liquids, condensates, and oil. As a result of multiple acquisitions, it has become the largest natural gas producer in Canada.
86GF Score

Get the complete analysis for FRA:08T

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

€39.51
Price
€38.91
GF Value