TransAlta (STU:TZ1) Cyclically Adjusted PS Ratio: 1.91 (As of Jun. 24, 2026) — 91% Above Median


STU:TZ1 TransAlta Corp STU:TZ1
55 GF Score
Price €12.40
GF Value €6.22
Valuation Significantly Overvalued
! 6 Warning Signs
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What is TransAlta Cyclically Adjusted PS Ratio?

TransAlta STU:TZ1 55 Cyclically Adjusted PS Ratio is 1.91 as of Jun. 24, 2026, which is 91% above its 10-year median of 1.00. GuruFocus rates STU:TZ1 with a GF Score™ of 55/100 and a GF Value™ of €6.22 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 270 Utilities - Independent Power Producers companies, TransAlta ranks worse than 51.48% on this metric.

As of today (2026-06-24), TransAlta's current share price is €12.40. TransAlta's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €6.48. TransAlta's Cyclically Adjusted PS Ratio for today is 1.91.

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

STU:TZ1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1   Max: 2.37
Current: 1.86

During the past years, TransAlta's highest Cyclically Adjusted PS Ratio was 2.37. The lowest was 0.44. And the median was 1.00.

STU:TZ1's Cyclically Adjusted PS Ratio is ranked worse than
51.48% of 270 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.685 vs STU:TZ1: 1.86

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.

TransAlta's adjusted revenue per share data for the three months ended in Mar. 2026 was €1.199. 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 €6.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TransAlta  (STU:TZ1) 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.


TransAlta Cyclically Adjusted PS Ratio Related Terms


TransAlta Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TransAlta'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.

TransAlta Cyclically Adjusted PS Ratio Chart

TransAlta 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 1.48 1.21 1.05 1.95 1.67

TransAlta 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 1.28 1.39 1.81 1.67 1.74

STU:TZ1 vs CEG, VST, NRG: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Independent Power Producers subindustry, TransAlta'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.


TransAlta Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, TransAlta's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:TZ1
55GF Score
TransAlta Corp STU:TZ1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TransAlta 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.40/6.48
=1.91

* 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.

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

For example, TransAlta'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)
=1.199/132.2623*132.2623
=1.199

Current CPI (Mar. 2026) = 132.2623.

TransAlta Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.179 102.002 1.529
201609 1.463 101.765 1.901
201612 1.769 101.449 2.306
201703 1.402 102.634 1.807
201706 1.169 103.029 1.501
201709 1.395 103.345 1.785
201712 1.466 103.345 1.876
201803 1.280 105.004 1.612
201806 1.010 105.557 1.266
201809 1.359 105.636 1.702
201812 1.418 105.399 1.779
201903 1.505 106.979 1.861
201906 1.165 107.690 1.431
201909 1.442 107.611 1.772
201912 1.486 107.769 1.824
202003 1.418 107.927 1.738
202006 1.037 108.401 1.265
202009 1.204 108.164 1.472
202012 1.283 108.559 1.563
202103 1.589 110.298 1.905
202106 1.557 111.720 1.843
202109 2.104 112.905 2.465
202112 1.556 113.774 1.809
202203 1.945 117.646 2.187
202206 1.249 120.806 1.367
202209 2.596 120.648 2.846
202212 2.190 120.964 2.395
202303 2.774 122.702 2.990
202306 1.645 124.203 1.752
202309 2.678 125.230 2.828
202312 1.380 125.072 1.459
202403 2.090 126.258 2.189
202406 1.302 127.522 1.350
202409 1.434 127.285 1.490
202412 1.520 127.364 1.578
202503 1.639 129.181 1.678
202506 0.925 129.892 0.942
202509 1.275 130.287 1.294
202512 1.249 130.366 1.267
202603 1.199 132.262 1.199

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 1.91 mean?
TransAlta (STU:TZ1) has a Cyclically Adjusted PS Ratio of 1.91 as of Jun. 24, 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 TransAlta and its competitors. This is 91% above median its historical median of 1.00. Over the past decade, TransAlta's Cyclically Adjusted PS Ratio has ranged from 0.44 to 2.37. According to the industry distribution chart, TransAlta ranks #139 out of 270 companies in the Utilities - Independent Power Producers industry, placing it in the top 51.5%.
Is TransAlta's Cyclically Adjusted PS Ratio too high?
TransAlta's current Cyclically Adjusted PS Ratio of 1.91 is 91% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 2.37. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.69. TransAlta's value of 1.91 is 13.4% above this industry median. Based on the distribution chart, TransAlta ranks #139 out of 270 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, TransAlta has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TransAlta's Cyclically Adjusted PS Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, TransAlta ranks #139 out of 270 companies for Cyclically Adjusted PS Ratio. This places TransAlta in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.69. TransAlta's value of 1.91 is 13.4% above this benchmark. Historically, TransAlta's own Cyclically Adjusted PS Ratio has ranged from 0.44 to 2.37 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 1.69, TransAlta 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.69, based on 270 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. TransAlta's current Cyclically Adjusted PS Ratio of 1.91 is 13.4% 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 TransAlta and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TransAlta's current Cyclically Adjusted PS Ratio is 1.91, which is 91% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TransAlta stock overvalued right now?
Based on GuruFocus' analysis, TransAlta (STU:TZ1) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.22, compared to a current price of €12.40 — trading 99.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.91, which is 91% above median its 10-year median of 1.00 and 13.4% above the Utilities - Independent Power Producers industry median of 1.69. TransAlta's overall GF Score™ is 55/100 with 6 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 TransAlta (STU:TZ1), the current Cyclically Adjusted PS Ratio is 1.91 as of Jun. 24, 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 TransAlta (STU:TZ1) Overvalued in 2026?

Based on GuruFocus' analysis, TransAlta stock appears to be overvalued. The current stock price of €12.40 is trading 99.4% above its estimated GF Value™ of €6.22. GuruFocus considers TransAlta to be Significantly Overvalued.

Key valuation signals for STU:TZ1:

  • Cyclically Adjusted PS Ratio: 1.91 (91% above median its 10-year median of 1.00)
  • GF Value™: €6.22 vs. price of €12.40 (99.4% above fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 13.4% above the Utilities - Independent Power Producers median (#139 of 270)

No single metric tells the full story. See the STU:TZ1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TransAlta Business Description

Address 1100 1st Street SE, TransAlta Place, Suite 1400, Calgary, AB, CAN, T2G 1B1
TransAlta Corp is an independent power producer based in Alberta, Canada. The company operates a diverse electrical power generation assets in Canada, the United States, and Western Australia. The company has reportable segments namely, Hydro, Wind & Solar, Gas, Energy Transition segment and Corporate Segment. The company generates the majority of its revenue from the gas segment.
55GF Score

Get the complete analysis for STU:TZ1

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

€12.40
Price
€6.22
GF Value