Bangkok Aviation Fuel Services PCL (BKK:BAFS) Cyclically Adjusted PS Ratio: 1.76 (As of Jul. 08, 2026) — 66% Below Median


BKK:BAFS Bangkok Aviation Fuel Services PCL BKK:BAFS
74 GF Score
Price ฿10.10
GF Value ฿15.70
Valuation Possible Value Trap
! 10 Warning Signs
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What is Bangkok Aviation Fuel Services PCL Cyclically Adjusted PS Ratio?

Bangkok Aviation Fuel Services PCL BKK:BAFS -6.48% 74 Cyclically Adjusted PS Ratio is 1.76 as of Jul. 08, 2026, which is 66% below its 10-year median of 5.24. GuruFocus rates BKK:BAFS with a GF Score™ of 74/100 and a GF Value™ of ฿15.70 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 751 Transportation companies, Bangkok Aviation Fuel Services PCL ranks worse than 70.04% on this metric.

As of today (2026-07-08), Bangkok Aviation Fuel Services PCL's current share price is ฿10.10. Bangkok Aviation Fuel Services PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿5.74. Bangkok Aviation Fuel Services PCL's Cyclically Adjusted PS Ratio for today is 1.76.

The historical rank and industry rank for Bangkok Aviation Fuel Services PCL's Cyclically Adjusted PS Ratio or its related term are showing as below:

BKK:BAFS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.22   Med: 5.24   Max: 10.82
Current: 1.85

During the past years, Bangkok Aviation Fuel Services PCL's highest Cyclically Adjusted PS Ratio was 10.82. The lowest was 1.22. And the median was 5.24.

BKK:BAFS's Cyclically Adjusted PS Ratio is ranked worse than
70.04% of 751 companies
in the Transportation industry
Industry Median: 0.91 vs BKK:BAFS: 1.85

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.

Bangkok Aviation Fuel Services PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿1.493. 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 ฿5.74 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bangkok Aviation Fuel Services PCL  (BKK:BAFS) 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.


Bangkok Aviation Fuel Services PCL Cyclically Adjusted PS Ratio Related Terms


Bangkok Aviation Fuel Services PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bangkok Aviation Fuel Services 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.

Bangkok Aviation Fuel Services PCL Cyclically Adjusted PS Ratio Chart

Bangkok Aviation Fuel Services 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 4.82 5.77 4.28 2.10 1.50

Bangkok Aviation Fuel Services 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 1.38 1.24 1.78 1.50 1.46

BKK:BAFS vs JOBY, CAAP: Cyclically Adjusted PS Ratio Comparison

For the Airports & Air Services subindustry, Bangkok Aviation Fuel Services 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.


Bangkok Aviation Fuel Services PCL Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Bangkok Aviation Fuel Services PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bangkok Aviation Fuel Services PCL's Cyclically Adjusted PS Ratio falls into.


BKK:BAFS
74GF Score
Bangkok Aviation Fuel Services PCL BKK:BAFS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangkok Aviation Fuel Services 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.

Bangkok Aviation Fuel Services PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.10/5.74
=1.76

* 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.

Bangkok Aviation Fuel Services PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Bangkok Aviation Fuel Services 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)
=1.493/330.2130*330.2130
=1.493

Current CPI (Mar. 2026) = 330.2130.

Bangkok Aviation Fuel Services PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.348 241.018 1.847
201609 1.369 241.428 1.872
201612 1.431 241.432 1.957
201703 1.462 243.801 1.980
201706 1.345 244.955 1.813
201709 1.373 246.819 1.837
201712 1.415 246.524 1.895
201803 1.527 249.554 2.021
201806 1.430 251.989 1.874
201809 1.464 252.439 1.915
201812 1.486 251.233 1.953
201903 1.580 254.202 2.052
201906 1.479 256.143 1.907
201909 1.469 256.759 1.889
201912 1.568 256.974 2.015
202003 1.334 258.115 1.707
202006 0.338 257.797 0.433
202009 0.511 260.280 0.648
202012 0.631 260.474 0.800
202103 0.583 264.877 0.727
202106 0.644 271.696 0.783
202109 0.569 274.310 0.685
202112 0.733 278.802 0.868
202203 0.710 287.504 0.815
202206 0.791 296.311 0.882
202209 0.914 296.808 1.017
202212 1.035 296.797 1.152
202303 1.173 301.836 1.283
202306 1.145 305.109 1.239
202309 1.129 307.789 1.211
202312 1.222 306.746 1.315
202403 1.331 312.332 1.407
202406 1.280 314.175 1.345
202409 1.320 315.301 1.382
202412 1.482 315.605 1.551
202503 1.489 319.799 1.537
202506 1.321 322.561 1.352
202509 1.413 324.800 1.437
202512 1.458 324.054 1.486
202603 1.493 330.213 1.493

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 1.76 mean?
Bangkok Aviation Fuel Services PCL (BKK:BAFS) has a Cyclically Adjusted PS Ratio of 1.76 as of Jul. 08, 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 Bangkok Aviation Fuel Services PCL and its competitors. This is 66% below median its historical median of 5.24. Over the past decade, Bangkok Aviation Fuel Services PCL's Cyclically Adjusted PS Ratio has ranged from 1.22 to 10.82. According to the industry distribution chart, Bangkok Aviation Fuel Services PCL ranks #526 out of 751 companies in the Transportation industry, placing it in the top 70%.
Is Bangkok Aviation Fuel Services PCL's Cyclically Adjusted PS Ratio too high?
Bangkok Aviation Fuel Services PCL's current Cyclically Adjusted PS Ratio of 1.76 is 66% below median its 10-year median of 5.24. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 10.82. The Transportation industry median Cyclically Adjusted PS Ratio is 0.91. Bangkok Aviation Fuel Services PCL's value of 1.76 is 93.4% above this industry median. Based on the distribution chart, Bangkok Aviation Fuel Services PCL ranks #526 out of 751 companies in the Transportation industry, which is below the industry midpoint. Overall, Bangkok Aviation Fuel Services PCL has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bangkok Aviation Fuel Services PCL's Cyclically Adjusted PS Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Bangkok Aviation Fuel Services PCL ranks #526 out of 751 companies for Cyclically Adjusted PS Ratio. This places Bangkok Aviation Fuel Services PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Bangkok Aviation Fuel Services PCL's value of 1.76 is 93.4% above this benchmark. Historically, Bangkok Aviation Fuel Services PCL's own Cyclically Adjusted PS Ratio has ranged from 1.22 to 10.82 over the past decade. While the company's 10-year median is 5.24 vs. the industry median of 0.91, Bangkok Aviation Fuel Services 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.91, based on 751 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. Bangkok Aviation Fuel Services PCL's current Cyclically Adjusted PS Ratio of 1.76 is 93.4% 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 Bangkok Aviation Fuel Services PCL and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Aviation Fuel Services PCL's current Cyclically Adjusted PS Ratio is 1.76, which is 66% below median its own 10-year median of 5.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Aviation Fuel Services PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL (BKK:BAFS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿15.70, compared to a current price of ฿10.10 — trading 35.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.76, which is 66% below median its 10-year median of 5.24 and 93.4% above the Transportation industry median of 0.91. Bangkok Aviation Fuel Services PCL's overall GF Score™ is 74/100 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS), the current Cyclically Adjusted PS Ratio is 1.76 as of Jul. 08, 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 Bangkok Aviation Fuel Services PCL (BKK:BAFS) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Aviation Fuel Services PCL stock appears to be undervalued. The current stock price of ฿10.10 is trading 35.7% below its estimated GF Value™ of ฿15.70. GuruFocus considers Bangkok Aviation Fuel Services PCL to be Possible Value Trap.

Key valuation signals for BKK:BAFS:

  • Cyclically Adjusted PS Ratio: 1.76 (66% below median its 10-year median of 5.24)
  • GF Value™: ฿15.70 vs. price of ฿10.10 (35.7% below fair value)
  • GF Score™: 74/100 with 10 warning signs
  • Industry Position: 93.4% above the Transportation median (#526 of 751)

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


Bangkok Aviation Fuel Services PCL Business Description

Address 171/2 Kamphang Phet 6 Road, Don Mueang, Khet Don Mueang, Bangkok, THA, 10210
Bangkok Aviation Fuel Services PCL provides fuel services and storage for multiple airports in Thailand. The company has three operating segments: The aviation segment, the Utility and Power segment, and the business solution segment. The aviation segment provides in-plane service, manufacture, and assembly of hydrant dispensers. The utilities and power segment provides fuel pipeline transportation services, as well as the generation and distribution of electricity from solar power to the government. The business solution segment involves the development, design, manufacture, and sales of innovation and digital products, including the provision of other services. The majority of its revenue is generated from the Aviation segment.
74GF Score

Get the complete analysis for BKK:BAFS

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

฿10.10
Price
฿15.70
GF Value