Country Group Development PCL (BKK:CGD) Cyclically Adjusted PS Ratio: (As of Aug. 18, 2026)

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.

What is Country Group Development PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Country Group Development PCL  (BKK:CGD) 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.


Country Group Development PCL Cyclically Adjusted PS Ratio Related Terms


Country Group Development PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Country Group Development 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.

Country Group Development PCL Cyclically Adjusted PS Ratio Chart

Country Group Development 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 3.16 2.01 1.25 1.15 0.00

Country Group Development 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 0.79 0.48 0.41 0.00 0.00

Country Group Development PCL Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Country Group Development 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.


Country Group Development PCL Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Country Group Development PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Country Group Development 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.

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

For example, Country Group Development 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)
=0/330.2130*330.2130
=0.000

Current CPI (Mar. 2026) = 330.2130.

Country Group Development PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.017 241.018 0.023
201609 0.018 241.428 0.025
201612 0.010 241.432 0.014
201703 0.013 243.801 0.018
201706 0.013 244.955 0.018
201709 0.024 246.819 0.032
201712 0.069 246.524 0.092
201803 0.016 249.554 0.021
201806 0.013 251.989 0.017
201809 0.004 252.439 0.005
201812 0.003 251.233 0.004
201903 0.002 254.202 0.003
201906 0.001 256.143 0.001
201909 0.002 256.759 0.003
201912 0.050 256.974 0.064
202003 0.044 258.115 0.056
202006 0.088 257.797 0.113
202009 0.136 260.280 0.173
202012 0.133 260.474 0.169
202103 0.118 264.877 0.147
202106 0.091 271.696 0.111
202109 0.076 274.310 0.091
202112 0.100 278.802 0.118
202203 0.236 287.504 0.271
202206 0.224 296.311 0.250
202209 0.166 296.808 0.185
202212 0.074 296.797 0.082
202303 0.147 301.836 0.161
202306 0.114 305.109 0.123
202309 0.112 307.789 0.120
202312 0.108 306.746 0.116
202403 0.091 312.332 0.096
202406 0.070 314.175 0.074
202409 0.067 315.301 0.070
202412 0.014 315.605 0.015
202503 0.026 319.799 0.027
202506 0.028 322.561 0.029
202509 0.014 324.800 0.014
202512 0.000 324.054 0.000
202603 0.000 330.213 0.000

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.


Country Group Development PCL Business Description

Address Ploenchit Road, Lumpini, 898 Ploenchit Tower, 20th floor, PathumWan, Bangkok, THA, 10330
Country Group Development PCL is a holding company investing in real estate. It operates in the business segments of Real estate development and investment property. The company's project includes Elements Srinakarin, Four Seasons private residences, Four Seasons Hotel, Capella, Anchorage Point, Rama III Residence, Chao Phraya Estate Project, and others. The firm derives its revenue from the Real estate development segment.