Banpu PCL (BKK:BANPU) Cyclically Adjusted PS Ratio: 0.26 (As of Sep. 21, 2026) — 40% Below Median

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BKK:BANPU Banpu PCL BKK:BANPU
73 GF Score
Price ฿14.80
GF Value ฿12.00
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Banpu PCL Cyclically Adjusted PS Ratio?

Banpu PCL BKK:BANPU 73 Cyclically Adjusted PS Ratio is 0.26 as of Sep. 21, 2026, which is 40% below its 10-year median of 0.43. GuruFocus rates BKK:BANPU with a GF Score™ of 73/100 and a GF Value™ of ฿12.00 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 110 Other Energy Sources companies, Banpu PCL ranks better than 86.36% on this metric.

As of today (2026-09-21), Banpu PCL's current share price is ฿14.80. Banpu PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿57.74. Banpu PCL's Cyclically Adjusted PS Ratio for today is 0.26.

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

BKK:BANPU' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.43   Max: 0.87
Current: 0.26

During the past years, Banpu PCL's highest Cyclically Adjusted PS Ratio was 0.87. The lowest was 0.18. And the median was 0.43.

BKK:BANPU's Cyclically Adjusted PS Ratio is ranked better than
86.36% of 110 companies
in the Other Energy Sources industry
Industry Median: 1.345 vs BKK:BANPU: 0.26

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.

Banpu PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.350. 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 ฿57.74 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banpu PCL  (BKK:BANPU) 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.


Banpu PCL Cyclically Adjusted PS Ratio Related Terms


Banpu PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Banpu 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.

Banpu PCL Cyclically Adjusted PS Ratio Chart

Banpu 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 0.47 0.57 0.29 0.27 0.22

Banpu 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 0.18 0.18 0.20 0.22 0.27

Banpu PCL Cyclically Adjusted PS Ratio Competitor Comparison

For the Thermal Coal subindustry, Banpu 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.


Banpu PCL Cyclically Adjusted PS Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Banpu PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:BANPU
73GF Score
Banpu PCL BKK:BANPU
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banpu 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.80/57.74
=0.26

* 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.

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

For example, Banpu 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)
=0.35/330.2130*330.2130
=0.350

Current CPI (Mar. 2026) = 330.2130.

Banpu PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.329 241.018 0.451
201609 0.299 241.428 0.409
201612 0.287 241.432 0.393
201703 0.276 243.801 0.374
201706 0.274 244.955 0.369
201709 0.307 246.819 0.411
201712 0.366 246.524 0.490
201803 0.308 249.554 0.408
201806 0.346 251.989 0.453
201809 0.412 252.439 0.539
201812 0.428 251.233 0.563
201903 0.298 254.202 0.387
201906 0.312 256.143 0.402
201909 0.279 256.759 0.359
201912 0.292 256.974 0.375
202003 0.271 258.115 0.347
202006 0.225 257.797 0.288
202009 0.204 260.280 0.259
202012 0.293 260.474 0.371
202103 0.321 264.877 0.400
202106 0.346 271.696 0.421
202109 0.596 274.310 0.717
202112 0.552 278.802 0.654
202203 0.398 287.504 0.457
202206 0.551 296.311 0.614
202209 0.731 296.808 0.813
202212 0.706 296.797 0.785
202303 0.380 301.836 0.416
202306 0.347 305.109 0.376
202309 0.451 307.789 0.484
202312 0.307 306.746 0.330
202403 0.296 312.332 0.313
202406 0.341 314.175 0.358
202409 0.349 315.301 0.366
202412 0.357 315.605 0.374
202503 0.335 319.799 0.346
202506 0.323 322.561 0.331
202509 0.355 324.800 0.361
202512 0.365 324.054 0.372
202603 0.350 330.213 0.350

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 0.26 mean?
Banpu PCL (BKK:BANPU) has a Cyclically Adjusted PS Ratio of 0.26 as of Sep. 21, 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 Banpu PCL and its competitors. This is 40% below median its historical median of 0.43. Over the past decade, Banpu PCL's Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.87. According to the industry distribution chart, Banpu PCL ranks #15 out of 110 companies in the Other Energy Sources industry, placing it in the top 13.6%.
Is Banpu PCL's Cyclically Adjusted PS Ratio too high?
Banpu PCL's current Cyclically Adjusted PS Ratio of 0.26 is 40% below median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.87. The Other Energy Sources industry median Cyclically Adjusted PS Ratio is 1.35. Banpu PCL's value of 0.26 is 80.7% below this industry median. Based on the distribution chart, Banpu PCL ranks #15 out of 110 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Banpu PCL has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banpu PCL's Cyclically Adjusted PS Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, Banpu PCL ranks #15 out of 110 companies for Cyclically Adjusted PS Ratio. This places Banpu PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.35. Banpu PCL's value of 0.26 is 80.7% below this benchmark. Historically, Banpu PCL's own Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.87 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 1.35, Banpu 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 an Other Energy Sources company?
The median Cyclically Adjusted PS Ratio among Other Energy Sources companies is 1.35, based on 110 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. Banpu PCL's current Cyclically Adjusted PS Ratio of 0.26 is 80.7% 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 Banpu PCL and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PS Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banpu PCL's current Cyclically Adjusted PS Ratio is 0.26, which is 40% below median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banpu PCL stock overvalued right now?
Based on GuruFocus' analysis, Banpu PCL (BKK:BANPU) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿12.00, compared to a current price of ฿14.80 — trading 23.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.26, which is 40% below median its 10-year median of 0.43 and 80.7% below the Other Energy Sources industry median of 1.35. Banpu PCL's overall GF Score™ is 73/100 with 9 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 Banpu PCL (BKK:BANPU), the current Cyclically Adjusted PS Ratio is 0.26 as of Sep. 21, 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 Banpu PCL (BKK:BANPU) Overvalued in 2026?

Based on GuruFocus' analysis, Banpu PCL stock appears to be overvalued. The current stock price of ฿14.80 is trading 23.3% above its estimated GF Value™ of ฿12.00. GuruFocus considers Banpu PCL to be Modestly Overvalued.

Key valuation signals for BKK:BANPU:

  • Cyclically Adjusted PS Ratio: 0.26 (40% below median its 10-year median of 0.43)
  • GF Value™: ฿12.00 vs. price of ฿14.80 (23.3% above fair value)
  • GF Score™: 73/100 with 9 warning signs
  • Industry Position: 80.7% below the Other Energy Sources median (#15 of 110)

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


Banpu PCL Business Description

Other Exchanges BPFG:Germany
Address New Petchburi Road, 27th Floor, 1550 Thanapoom Tower, Makkasan, Ratchathewi, Bangkok, THA, 10400
Banpu PCL is engaged in four core groups of businesses which are Next-gen mining, U.S. closed-loop gas, Power plus, and Future Tech. The Group has operations in Thailand and overseas which are mainly in the Indonesia, People's Republic of China, Australia, Mongolia, Socialist Republic of Vietnam, Japan, and the United States.
73GF Score

Get the complete analysis for BKK:BANPU

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

฿14.80
Price
฿12.00
GF Value