Capital Engineering Network PCL (BKK:CEN) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:CEN Capital Engineering Network PCL BKK:CEN
38 GF Score
Price ฿0.58
GF Value ฿1.30
Valuation Possible Value Trap
! 3 Warning Signs
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What is Capital Engineering Network PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Capital Engineering Network PCL  (BKK:CEN) 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.


Capital Engineering Network PCL Cyclically Adjusted PS Ratio Related Terms


Capital Engineering Network PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Capital Engineering Network 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.

Capital Engineering Network PCL Cyclically Adjusted PS Ratio Chart

Capital Engineering Network 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 1.06 0.87 0.86 0.69 0.34

Capital Engineering Network 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 0.45 0.43 0.34 0.21 0.23

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

For the Steel subindustry, Capital Engineering Network 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.


Capital Engineering Network PCL Cyclically Adjusted PS Ratio vs Steel Industry

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

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


BKK:CEN
38GF Score
Capital Engineering Network PCL BKK:CEN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Capital Engineering Network 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.

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

For example, Capital Engineering Network 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)
=0.306/333.9520*333.9520
=0.306

Current CPI (Jun. 2026) = 333.9520.

Capital Engineering Network PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.588 241.428 0.813
201612 0.637 241.432 0.881
201703 0.879 243.801 1.204
201706 0.753 244.955 1.027
201709 0.755 246.819 1.022
201712 0.958 246.524 1.298
201803 0.843 249.554 1.128
201806 0.912 251.989 1.209
201809 1.021 252.439 1.351
201812 0.871 251.233 1.158
201903 0.853 254.202 1.121
201906 0.720 256.143 0.939
201909 0.654 256.759 0.851
201912 0.557 256.974 0.724
202003 0.590 258.115 0.763
202006 0.507 257.797 0.657
202009 0.488 260.280 0.626
202012 0.385 260.474 0.494
202103 0.422 264.877 0.532
202106 0.406 271.696 0.499
202109 0.382 274.310 0.465
202112 0.538 278.802 0.644
202203 0.516 287.504 0.599
202206 0.463 296.311 0.522
202209 0.425 296.808 0.478
202212 0.505 296.797 0.568
202303 0.415 301.836 0.459
202306 0.416 305.109 0.455
202309 0.399 307.789 0.433
202312 0.248 306.746 0.270
202403 0.362 312.332 0.387
202406 0.360 314.175 0.383
202409 0.429 315.301 0.454
202412 0.361 315.605 0.382
202503 0.307 319.799 0.321
202506 0.288 322.561 0.298
202509 0.288 324.800 0.296
202512 0.241 324.054 0.248
202603 0.240 330.213 0.243
202606 0.306 333.952 0.306

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.

Is Capital Engineering Network PCL (BKK:CEN) Overvalued in 2026?

Based on GuruFocus' analysis, Capital Engineering Network PCL stock appears to be undervalued. The current stock price of ฿0.58 is trading 55.4% below its estimated GF Value™ of ฿1.30. GuruFocus considers Capital Engineering Network PCL to be Possible Value Trap.

Key valuation signals for BKK:CEN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿1.30 vs. price of ฿0.58 (55.4% below fair value)
  • GF Score™: 38/100 with 3 warning signs

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


Capital Engineering Network PCL Business Description

Other Exchanges CEN-R:Thailand
Address Rama 3 Road, 1011, Supalai Grand Tower, 17th Floor, Room No.1703, 1704, Chongnonsi, Yannawa, Bangkok, THA, 10120
Capital Engineering Network PCL is engaged in the production and distribution of engineering construction material, transmission tower and renewable energy, and telecom implementation services. The operating segments of the group are investing in other companies segment, steel wire segment, production and distribution of high voltage transmission tower and telecommunication tower, electricity and thermal energy segment, distribution of goods segment, telecom implementation service segment and clinic service segment. It has a business presence in Thailand and the Philippines, of which a majority of revenue is derived from Thailand and Steel Wire Segment.
38GF Score

Get the complete analysis for BKK:CEN

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

฿0.58
Price
฿1.30
GF Value