Astra Enterprise PCL (BKK:ASTR) Cyclically Adjusted PS Ratio: 18.96 (As of Aug. 10, 2026) — 1639% Above 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:ASTR Astra Enterprise PCL BKK:ASTR
25 GF Score
Price ฿4.74
GF Value ฿0.33
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Astra Enterprise PCL Cyclically Adjusted PS Ratio?

Astra Enterprise PCL BKK:ASTR -2.47% 25 Cyclically Adjusted PS Ratio is 18.96 as of Aug. 10, 2026, which is 1639% above its 10-year median of 1.09. GuruFocus rates BKK:ASTR with a GF Score™ of 25/100 and a GF Value™ of ฿0.33 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 605 Capital Markets companies, Astra Enterprise PCL ranks worse than 90.74% on this metric.

As of today (2026-08-10), Astra Enterprise PCL's current share price is ฿4.74. Astra Enterprise PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿0.25. Astra Enterprise PCL's Cyclically Adjusted PS Ratio for today is 18.96.

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

BKK:ASTR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.5   Med: 1.09   Max: 27.67
Current: 18.63

During the past years, Astra Enterprise PCL's highest Cyclically Adjusted PS Ratio was 27.67. The lowest was 0.50. And the median was 1.09.

BKK:ASTR's Cyclically Adjusted PS Ratio is ranked worse than
90.74% of 605 companies
in the Capital Markets industry
Industry Median: 3.47 vs BKK:ASTR: 18.63

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.

Astra Enterprise PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.019. 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 ฿0.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Astra Enterprise PCL  (BKK:ASTR) 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.


Astra Enterprise PCL Cyclically Adjusted PS Ratio Related Terms


Astra Enterprise PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Astra Enterprise 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.

Astra Enterprise PCL Cyclically Adjusted PS Ratio Chart

Astra Enterprise 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 1.12 1.03 0.74 1.11 17.79

Astra Enterprise PCL 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 1.21 20.08 23.39 17.79 20.05

BKK:ASTR vs MS, GS, SCHW: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, Astra Enterprise 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.


Astra Enterprise PCL Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Astra Enterprise PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:ASTR
25GF Score
Astra Enterprise PCL BKK:ASTR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Astra Enterprise 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.

Astra Enterprise PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.74/0.25
=18.96

* 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.

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

For example, Astra Enterprise PCL'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)
=0.019/330.2130*330.2130
=0.019

Current CPI (Mar. 2026) = 330.2130.

Astra Enterprise PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.066 241.018 0.090
201609 0.283 241.428 0.387
201612 0.122 241.432 0.167
201703 0.034 243.801 0.046
201706 0.094 244.955 0.127
201709 0.006 246.819 0.008
201712 0.006 246.524 0.008
201803 0.001 249.554 0.001
201806 0.001 251.989 0.001
201809 0.000 252.439 0.000
201812 0.000 251.233 0.000
201903 0.023 254.202 0.030
201906 0.000 256.143 0.000
201909 0.016 256.759 0.021
201912 0.029 256.974 0.037
202003 0.032 258.115 0.041
202006 0.028 257.797 0.036
202009 0.042 260.280 0.053
202012 0.135 260.474 0.171
202103 0.135 264.877 0.168
202106 0.036 271.696 0.044
202109 0.050 274.310 0.060
202112 0.043 278.802 0.051
202203 0.033 287.504 0.038
202206 0.059 296.311 0.066
202209 0.050 296.808 0.056
202212 0.219 296.797 0.244
202303 0.032 301.836 0.035
202306 0.044 305.109 0.048
202309 0.039 307.789 0.042
202312 0.039 306.746 0.042
202403 0.017 312.332 0.018
202406 0.024 314.175 0.025
202409 0.033 315.301 0.035
202412 0.033 315.605 0.035
202503 0.029 319.799 0.030
202506 0.026 322.561 0.027
202509 0.023 324.800 0.023
202512 0.024 324.054 0.024
202603 0.019 330.213 0.019

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 18.96 mean?
Astra Enterprise PCL (BKK:ASTR) has a Cyclically Adjusted PS Ratio of 18.96 as of Aug. 10, 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 Astra Enterprise PCL and its competitors. This is 1639% above median its historical median of 1.09. Over the past decade, Astra Enterprise PCL's Cyclically Adjusted PS Ratio has ranged from 0.50 to 27.67. According to the industry distribution chart, Astra Enterprise PCL ranks #549 out of 605 companies in the Capital Markets industry, placing it in the top 90.7%.
Is Astra Enterprise PCL's Cyclically Adjusted PS Ratio too high?
Astra Enterprise PCL's current Cyclically Adjusted PS Ratio of 18.96 is 1639% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 27.67. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.47. Astra Enterprise PCL's value of 18.96 is 446.4% above this industry median. Based on the distribution chart, Astra Enterprise PCL ranks #549 out of 605 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Astra Enterprise PCL has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Astra Enterprise PCL's Cyclically Adjusted PS Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Astra Enterprise PCL ranks #549 out of 605 companies for Cyclically Adjusted PS Ratio. This places Astra Enterprise PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.47. Astra Enterprise PCL's value of 18.96 is 446.4% above this benchmark. Historically, Astra Enterprise PCL's own Cyclically Adjusted PS Ratio has ranged from 0.50 to 27.67 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 3.47, Astra Enterprise PCL 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 a Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.47, based on 605 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. Astra Enterprise PCL's current Cyclically Adjusted PS Ratio of 18.96 is 446.4% 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 Astra Enterprise PCL and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astra Enterprise PCL's current Cyclically Adjusted PS Ratio is 18.96, which is 1639% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astra Enterprise PCL stock overvalued right now?
Based on GuruFocus' analysis, Astra Enterprise PCL (BKK:ASTR) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.33, compared to a current price of ฿4.74 — trading 1336.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 18.96, which is 1639% above median its 10-year median of 1.09 and 446.4% above the Capital Markets industry median of 3.47. Astra Enterprise PCL's overall GF Score™ is 25/100 with 2 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 Astra Enterprise PCL (BKK:ASTR), the current Cyclically Adjusted PS Ratio is 18.96 as of Aug. 10, 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 Astra Enterprise PCL (BKK:ASTR) Overvalued in 2026?

Based on GuruFocus' analysis, Astra Enterprise PCL stock appears to be overvalued. The current stock price of ฿4.74 is trading 1336.4% above its estimated GF Value™ of ฿0.33. GuruFocus considers Astra Enterprise PCL to be Significantly Overvalued.

Key valuation signals for BKK:ASTR:

  • Cyclically Adjusted PS Ratio: 18.96 (1639% above median its 10-year median of 1.09)
  • GF Value™: ฿0.33 vs. price of ฿4.74 (1336.4% above fair value)
  • GF Score™: 25/100 with 2 warning signs
  • Industry Position: 446.4% above the Capital Markets median (#549 of 605)

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


Astra Enterprise PCL Business Description

Address Phatthanakan Road, 15 Soi Phatthanakan 56, Suan Luang Subdistrict, Suan Luang District, Bangkok, THA, 10250
Astra Enterprise PCL is building a portfolio of institutional-grade businesses across the digital asset value chain, with focus areas in custody, treasury, and financial services infrastructure. The company is committed to operating within compliant, governed frameworks across Asian capital markets.
25GF Score

Get the complete analysis for BKK:ASTR

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

฿4.74
Price
฿0.33
GF Value