Asia Metal PCL (BKK:AMC) Cyclically Adjusted PS Ratio: 0.17 (As of Aug. 29, 2026) — 19% Below Median

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.

BKK:AMC Asia Metal PCL BKK:AMC
63 GF Score
Price ฿2.52
GF Value ฿1.84
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Asia Metal PCL Cyclically Adjusted PS Ratio?

Asia Metal PCL BKK:AMC +2.44% 63 Cyclically Adjusted PS Ratio is 0.17 as of Aug. 29, 2026, which is 19% below its 10-year median of 0.21. GuruFocus rates BKK:AMC with a GF Score™ of 63/100 and a GF Value™ of ฿1.84 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 512 Steel companies, Asia Metal PCL ranks better than 82.42% on this metric.

As of today (2026-08-29), Asia Metal PCL's current share price is ฿2.52. Asia Metal PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ฿14.89. Asia Metal PCL's Cyclically Adjusted PS Ratio for today is 0.17.

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

BKK:AMC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.21   Max: 0.61
Current: 0.17

During the past years, Asia Metal PCL's highest Cyclically Adjusted PS Ratio was 0.61. The lowest was 0.09. And the median was 0.21.

BKK:AMC's Cyclically Adjusted PS Ratio is ranked better than
82.42% of 512 companies
in the Steel industry
Industry Median: 0.45 vs BKK:AMC: 0.17

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.

Asia Metal PCL's adjusted revenue per share data for the three months ended in Jun. 2026 was ฿1.948. 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 ฿14.89 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asia Metal PCL  (BKK:AMC) 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.


Asia Metal PCL Cyclically Adjusted PS Ratio Related Terms


Asia Metal PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Asia Metal PCL'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.

Asia Metal PCL Cyclically Adjusted PS Ratio Chart

Asia Metal PCL 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 0.37 0.22 0.24 0.13 0.14

Asia Metal PCL 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 0.15 0.15 0.14 0.17 0.14

BKK:AMC vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Asia Metal PCL'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.


Asia Metal PCL Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Asia Metal PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:AMC
63GF Score
Asia Metal PCL BKK:AMC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Metal PCL 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.

Asia Metal PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.52/14.89
=0.17

* 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.

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

For example, Asia Metal PCL'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)
=1.948/333.9520*333.9520
=1.948

Current CPI (Jun. 2026) = 333.9520.

Asia Metal PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.671 241.428 3.695
201612 2.446 241.432 3.383
201703 2.741 243.801 3.755
201706 3.161 244.955 4.309
201709 2.410 246.819 3.261
201712 2.237 246.524 3.030
201803 3.916 249.554 5.240
201806 2.604 251.989 3.451
201809 3.745 252.439 4.954
201812 2.807 251.233 3.731
201903 2.932 254.202 3.852
201906 2.789 256.143 3.636
201909 2.984 256.759 3.881
201912 2.516 256.974 3.270
202003 2.836 258.115 3.669
202006 2.198 257.797 2.847
202009 2.323 260.280 2.981
202012 2.254 260.474 2.890
202103 3.376 264.877 4.256
202106 5.078 271.696 6.242
202109 3.711 274.310 4.518
202112 3.959 278.802 4.742
202203 3.271 287.504 3.799
202206 3.053 296.311 3.441
202209 2.450 296.808 2.757
202212 2.765 296.797 3.111
202303 3.935 301.836 4.354
202306 3.855 305.109 4.219
202309 4.086 307.789 4.433
202312 4.204 306.746 4.577
202403 4.500 312.332 4.811
202406 4.018 314.175 4.271
202409 2.752 315.301 2.915
202412 3.184 315.605 3.369
202503 3.518 319.799 3.674
202506 3.498 322.561 3.622
202509 2.289 324.800 2.353
202512 2.570 324.054 2.648
202603 2.922 330.213 2.955
202606 1.948 333.952 1.948

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 0.17 mean?
Asia Metal PCL (BKK:AMC) has a Cyclically Adjusted PS Ratio of 0.17 as of Aug. 29, 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 Asia Metal PCL and its competitors. This is 19% below median its historical median of 0.21. Over the past decade, Asia Metal PCL's Cyclically Adjusted PS Ratio has ranged from 0.09 to 0.61. According to the industry distribution chart, Asia Metal PCL ranks #90 out of 512 companies in the Steel industry, placing it in the top 17.6%.
Is Asia Metal PCL's Cyclically Adjusted PS Ratio too high?
Asia Metal PCL's current Cyclically Adjusted PS Ratio of 0.17 is 19% below median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.61. The Steel industry median Cyclically Adjusted PS Ratio is 0.45. Asia Metal PCL's value of 0.17 is 62.2% below this industry median. Based on the distribution chart, Asia Metal PCL ranks #90 out of 512 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Asia Metal PCL has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia Metal PCL's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Asia Metal PCL ranks #90 out of 512 companies for Cyclically Adjusted PS Ratio. This places Asia Metal PCL in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.45. Asia Metal PCL's value of 0.17 is 62.2% below this benchmark. Historically, Asia Metal PCL's own Cyclically Adjusted PS Ratio has ranged from 0.09 to 0.61 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.45, Asia Metal PCL has consistently been below 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 Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.45, based on 512 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. Asia Metal PCL's current Cyclically Adjusted PS Ratio of 0.17 is 62.2% below 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 Asia Metal PCL and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Metal PCL's current Cyclically Adjusted PS Ratio is 0.17, which is 19% below median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Metal PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Metal PCL (BKK:AMC) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.84, compared to a current price of ฿2.52 — trading 37% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.17, which is 19% below median its 10-year median of 0.21 and 62.2% below the Steel industry median of 0.45. Asia Metal PCL's overall GF Score™ is 63/100 with 10 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 Asia Metal PCL (BKK:AMC), the current Cyclically Adjusted PS Ratio is 0.17 as of Aug. 29, 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 Asia Metal PCL (BKK:AMC) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Metal PCL stock appears to be overvalued. The current stock price of ฿2.52 is trading 37% above its estimated GF Value™ of ฿1.84. GuruFocus considers Asia Metal PCL to be Significantly Overvalued.

Key valuation signals for BKK:AMC:

  • Cyclically Adjusted PS Ratio: 0.17 (19% below median its 10-year median of 0.21)
  • GF Value™: ฿1.84 vs. price of ฿2.52 (37% above fair value)
  • GF Score™: 63/100 with 10 warning signs
  • Industry Position: 62.2% below the Steel median (#90 of 512)

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


Asia Metal PCL Business Description

Address Srinakarin Road, 55, 55/1 Moo 2 Soi Watnamdaeng, Tambol Bangkaew, Amphur Bangplee, Samutprakarn, THA, 10540
Asia Metal PCL is engaged in manufacturing and trading processed steel products and rendering service for the manufacturing of processed steel. Its products include integrated steel roll coiled, both hot-rolled and cold-rolled type, the cut-and-steel sheet, and rolling a Little (slitting coil). The company also manufactures and distributes steel pipe and structural steel C-shape used by various industries. Its segment is the manufacturing and trading of processed steel products and rendering service for cutting and modifying steels. It has only one geographical segment because it operates only in Thailand.
63GF Score

Get the complete analysis for BKK:AMC

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

฿2.52
Price
฿1.84
GF Value