Tilray Brands (TSX:TLRY) Cyclically Adjusted Revenue per Share: C$15.46 (As of Feb. 2026)


TSX:TLRY Tilray Brands Inc TSX:TLRY
60 GF Score
Price C$6.23
GF Value C$17.61
Valuation Possible Value Trap
! 5 Warning Signs
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What is Tilray Brands Cyclically Adjusted Revenue per Share?

Tilray Brands TSX:TLRY +0.32% 60 Cyclically Adjusted Revenue per Share is C$15.46 as of Feb. 2026. GuruFocus rates TSX:TLRY with a GF Score™ of 60/100 and a GF Value™ of C$17.61 (Possible Value Trap). The stock has 5 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.

Tilray Brands's adjusted revenue per share for the three months ended in Feb. 2026 was C$2.504. 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 C$15.46 for the trailing ten years ended in Feb. 2026.

During the past 12 months, Tilray Brands's average Cyclically Adjusted Revenue Growth Rate was 8.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.30% 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 Tilray Brands was 4.30% per year. The lowest was 4.30% per year. And the median was 4.30% per year.

As of today (2026-07-10), Tilray Brands's current stock price is C$6.23. Tilray Brands's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was C$15.46. Tilray Brands's Cyclically Adjusted PS Ratio of today is 0.40.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tilray Brands was 15.93. The lowest was 0.33. And the median was 1.84.


Tilray Brands  (TSX:TLRY) 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.

Tilray Brands's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6.23/15.46
=0.40

* 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 Tilray Brands was 15.93. The lowest was 0.33. And the median was 1.84.


Be Aware

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


Tilray Brands Cyclically Adjusted Revenue per Share Related Terms


Tilray Brands Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Tilray Brands'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.

Tilray Brands Cyclically Adjusted Revenue per Share Chart

Tilray Brands Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 11.87 13.27 13.87 14.90

Tilray Brands Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 15.21 14.90 15.01 15.77 15.46

TSX:TLRY vs AQST, EOLS, NIKA: Cyclically Adjusted Revenue per Share Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Tilray Brands'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.


Tilray Brands Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tilray Brands's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:TLRY
60GF Score
Tilray Brands Inc TSX:TLRY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Tilray Brands 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, Tilray Brands's adjusted Revenue per Share data for the three months ended in Feb. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=2.504/131.0772*131.0772
=2.504

Current CPI (Feb. 2026) = 131.0772.

Tilray Brands Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 0.505 101.765 0.650
201608 0.631 101.686 0.813
201611 0.614 101.607 0.792
201702 0.513 102.476 0.656
201705 0.447 103.108 0.568
201708 0.500 103.108 0.636
201711 0.690 103.740 0.872
201802 0.721 104.688 0.903
201805 0.688 105.399 0.856
201808 0.691 106.031 0.854
201811 1.031 105.478 1.281
201902 3.526 106.268 4.349
201905 6.196 107.927 7.525
201908 5.913 108.085 7.171
201911 5.692 107.769 6.923
202002 6.625 108.559 7.999
202005 6.968 107.532 8.494
202008 6.423 108.243 7.778
202011 6.951 108.796 8.375
202102 5.927 109.745 7.079
202105 5.289 111.404 6.223
202108 4.711 112.668 5.481
202111 4.236 113.932 4.873
202202 3.951 115.986 4.465
202205 3.836 120.016 4.190
202208 3.440 120.569 3.740
202211 3.171 121.675 3.416
202302 3.182 122.070 3.417
202305 3.670 124.045 3.878
202308 3.450 125.389 3.607
202311 3.635 125.468 3.798
202402 3.370 125.468 3.521
202405 3.954 127.601 4.062
202408 3.120 127.838 3.199
202411 3.408 127.838 3.494
202502 2.925 128.786 2.977
202505 3.181 129.813 3.212
202508 2.726 130.208 2.744
202511 2.771 130.682 2.779
202602 2.504 131.077 2.504

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 C$15.46 mean?
Tilray Brands (TSX:TLRY) has a Cyclically Adjusted Revenue per Share of C$15.46 as of Feb. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tilray Brands and its competitors.
Is Tilray Brands' Cyclically Adjusted Revenue per Share too high?
Tilray Brands' current Cyclically Adjusted Revenue per Share is C$15.46. Overall, Tilray Brands has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tilray Brands' Cyclically Adjusted Revenue per Share compare to AQST and EOLS?
Tilray Brands' Cyclically Adjusted Revenue per Share of C$15.46 can be compared against companies in the Drug Manufacturers 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 a Drug Manufacturers company?
A good Cyclically Adjusted Revenue per Share depends on the Drug Manufacturers 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 Tilray Brands and its competitors. Tilray Brands's current Cyclically Adjusted Revenue per Share is C$15.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tilray Brands stock overvalued right now?
Based on GuruFocus' analysis, Tilray Brands (TSX:TLRY) is currently considered Possible Value Trap. The stock's GF Value™ is C$17.61, compared to a current price of C$6.23 — trading 64.6% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is C$15.46. Tilray Brands' overall GF Score™ is 60/100 with 5 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 Tilray Brands (TSX:TLRY), the current Cyclically Adjusted Revenue per Share is C$15.46 as of Feb. 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 Tilray Brands (TSX:TLRY) Overvalued in 2026?

Based on GuruFocus' analysis, Tilray Brands stock appears to be undervalued. The current stock price of C$6.23 is trading 64.6% below its estimated GF Value™ of C$17.61. GuruFocus considers Tilray Brands to be Possible Value Trap.

Key valuation signals for TSX:TLRY:

  • Cyclically Adjusted Revenue per Share: C$15.46
  • GF Value™: C$17.61 vs. price of C$6.23 (64.6% below fair value)
  • GF Score™: 60/100 with 5 warning signs

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


Tilray Brands Business Description

Address 265 Talbot Street West, Leamington, ON, CAN, N8H 5L4
Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. US exposure comes mainly from alcohol.
60GF Score

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

C$6.23
Price
C$17.61
GF Value