Bangchak PCL (BKK:BCP) Cyclically Adjusted PS Ratio: 0.23 (As of Sep. 01, 2026) — 15% Above Median

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BKK:BCP Bangchak Corp PCL BKK:BCP
75 GF Score
Price ฿55.75
GF Value ฿43.85
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Bangchak PCL Cyclically Adjusted PS Ratio?

Bangchak PCL BKK:BCP +1.83% 75 Cyclically Adjusted PS Ratio is 0.23 as of Sep. 01, 2026, which is 15% above its 10-year median of 0.20. GuruFocus rates BKK:BCP with a GF Score™ of 75/100 and a GF Value™ of ฿43.85 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 712 Oil & Gas companies, Bangchak PCL ranks better than 84.83% on this metric.

As of today (2026-09-01), Bangchak PCL's current share price is ฿55.75. Bangchak PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ฿245.68. Bangchak PCL's Cyclically Adjusted PS Ratio for today is 0.23.

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

BKK:BCP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.2   Max: 0.36
Current: 0.22

During the past years, Bangchak PCL's highest Cyclically Adjusted PS Ratio was 0.36. The lowest was 0.11. And the median was 0.20.

BKK:BCP's Cyclically Adjusted PS Ratio is ranked better than
84.83% of 712 companies
in the Oil & Gas industry
Industry Median: 1.04 vs BKK:BCP: 0.22

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.

Bangchak PCL's adjusted revenue per share data for the three months ended in Jun. 2026 was ฿120.263. 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 ฿245.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bangchak PCL  (BKK:BCP) 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.


Bangchak PCL Cyclically Adjusted PS Ratio Related Terms


Bangchak PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bangchak 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.

Bangchak PCL Cyclically Adjusted PS Ratio Chart

Bangchak 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 0.18 0.20 0.25 0.18 0.11

Bangchak PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.18 0.14 0.14 0.11 0.14

BKK:BCP vs MPC, VLO, PSX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Bangchak 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.


Bangchak PCL Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bangchak PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:BCP
75GF Score
Bangchak Corp PCL BKK:BCP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangchak 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=55.75/245.68
=0.23

* 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.

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

For example, Bangchak 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)
=120.263/333.9520*333.9520
=120.263

Current CPI (Jun. 2026) = 333.9520.

Bangchak PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 27.062 241.018 37.497
201609 26.644 241.428 36.855
201612 29.399 241.432 40.665
201703 31.952 243.801 43.767
201706 31.102 244.955 42.402
201709 28.329 246.819 38.330
201712 33.628 246.524 45.554
201803 32.117 249.554 42.979
201806 33.296 251.989 44.126
201809 38.879 252.439 51.433
201812 35.426 251.233 47.090
201903 33.069 254.202 43.444
201906 35.095 256.143 45.756
201909 33.755 256.759 43.903
201912 36.523 256.974 47.464
202003 31.370 258.115 40.587
202006 19.583 257.797 25.368
202009 24.780 260.280 31.794
202012 24.399 260.474 31.282
202103 30.361 264.877 38.279
202106 32.235 271.696 39.621
202109 35.088 274.310 42.717
202112 49.162 278.802 58.887
202203 50.851 287.504 59.066
202206 61.706 296.311 69.545
202209 55.057 296.808 61.947
202212 62.285 296.797 70.082
202303 58.373 301.836 64.584
202306 49.616 305.109 54.306
202309 64.783 307.789 70.290
202312 99.448 306.746 108.268
202403 92.911 312.332 99.342
202406 111.255 314.175 118.258
202409 111.041 315.301 117.609
202412 102.981 315.605 108.968
202503 97.480 319.799 101.794
202506 91.199 322.561 94.420
202509 89.495 324.800 92.017
202512 83.667 324.054 86.223
202606 120.263 333.952 120.263

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 0.23 mean?
Bangchak PCL (BKK:BCP) has a Cyclically Adjusted PS Ratio of 0.23 as of Sep. 01, 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 Bangchak PCL and its competitors. This is 15% above median its historical median of 0.20. Over the past decade, Bangchak PCL's Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.36. According to the industry distribution chart, Bangchak PCL ranks #108 out of 712 companies in the Oil & Gas industry, placing it in the top 15.2%.
Is Bangchak PCL's Cyclically Adjusted PS Ratio too high?
Bangchak PCL's current Cyclically Adjusted PS Ratio of 0.23 is 15% above median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.36. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.04. Bangchak PCL's value of 0.23 is 77.9% below this industry median. Based on the distribution chart, Bangchak PCL ranks #108 out of 712 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Bangchak PCL has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bangchak PCL's Cyclically Adjusted PS Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Bangchak PCL ranks #108 out of 712 companies for Cyclically Adjusted PS Ratio. This places Bangchak PCL in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.04. Bangchak PCL's value of 0.23 is 77.9% below this benchmark. Historically, Bangchak PCL's own Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.36 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 1.04, Bangchak 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 Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.04, based on 712 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. Bangchak PCL's current Cyclically Adjusted PS Ratio of 0.23 is 77.9% 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 Bangchak PCL and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangchak PCL's current Cyclically Adjusted PS Ratio is 0.23, which is 15% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangchak PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangchak PCL (BKK:BCP) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿43.85, compared to a current price of ฿55.75 — trading 27.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.23, which is 15% above median its 10-year median of 0.20 and 77.9% below the Oil & Gas industry median of 1.04. Bangchak PCL's overall GF Score™ is 75/100 with 7 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 Bangchak PCL (BKK:BCP), the current Cyclically Adjusted PS Ratio is 0.23 as of Sep. 01, 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 Bangchak PCL (BKK:BCP) Overvalued in 2026?

Based on GuruFocus' analysis, Bangchak PCL stock appears to be overvalued. The current stock price of ฿55.75 is trading 27.1% above its estimated GF Value™ of ฿43.85. GuruFocus considers Bangchak PCL to be Modestly Overvalued.

Key valuation signals for BKK:BCP:

  • Cyclically Adjusted PS Ratio: 0.23 (15% above median its 10-year median of 0.20)
  • GF Value™: ฿43.85 vs. price of ฿55.75 (27.1% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 77.9% below the Oil & Gas median (#108 of 712)

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


Bangchak PCL Business Description

Industry EnergyOil & Gas
Other Exchanges BCP-F:Thailand
Address Sukhumvit Road, 2098 M Tower Building, 8th Floor, Phra Kanong Tai, Phra Kanong, Bangkok, THA, 10260
Bangchak Corp PCL is a Thailand-based energy company that engages in petroleum refining. The company operates in six reporting segments: Refinery and oil trading, Marketing, Electricity, Bio-based product, Natural resource. Majority of revenue is from Refinery and oil trading. The company Thailand, Singapore, Norway, Laos, Korea, and Others, with maximum of revenue from Thailand.
75GF Score

Get the complete analysis for BKK:BCP

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

฿55.75
Price
฿43.85
GF Value