Country Group Holdings PCL (BKK:CGH-R) Cyclically Adjusted PS Ratio: (As of Aug. 30, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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BKK:CGH-R Country Group Holdings PCL BKK:CGH-R
31 GF Score
Price ฿0.54
GF Value ฿0.46
Valuation Fairly Valued
! 6 Warning Signs
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What is Country Group Holdings PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Country Group Holdings PCL  (BKK:CGH-R) 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 Holdings PCL Cyclically Adjusted PS Ratio Related Terms


Country Group Holdings PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Country Group Holdings 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 Holdings PCL Cyclically Adjusted PS Ratio Chart

Country Group Holdings 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 3.20 1.68 1.98 1.97 1.42

Country Group Holdings 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 0.00 1.74 1.42 1.31 0.00

BKK:CGH-R vs MS, GS, SCHW: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, Country Group Holdings 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 Holdings PCL Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Country Group Holdings PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:CGH-R
31GF Score
Country Group Holdings PCL BKK:CGH-R
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Country Group Holdings 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 Holdings PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Country Group Holdings 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)
=0/333.9520*333.9520
=0.000

Current CPI (Jun. 2026) = 333.9520.

Country Group Holdings PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.117 241.428 0.162
201612 0.028 241.432 0.039
201703 0.025 243.801 0.034
201706 0.017 244.955 0.023
201709 0.046 246.819 0.062
201712 0.040 246.524 0.054
201803 0.031 249.554 0.041
201806 0.030 251.989 0.040
201809 0.038 252.439 0.050
201812 0.032 251.233 0.043
201903 0.046 254.202 0.060
201906 0.058 256.143 0.076
201909 0.069 256.759 0.090
201912 0.069 256.974 0.090
202003 0.077 258.115 0.100
202006 0.072 257.797 0.093
202009 0.067 260.280 0.086
202012 0.098 260.474 0.126
202103 0.097 264.877 0.122
202106 0.099 271.696 0.122
202109 0.118 274.310 0.144
202112 0.105 278.802 0.126
202203 0.101 287.504 0.117
202206 0.079 296.311 0.089
202209 0.093 296.808 0.105
202212 0.090 296.797 0.101
202303 0.101 301.836 0.112
202306 0.078 305.109 0.085
202309 0.070 307.789 0.076
202312 0.092 306.746 0.100
202403 0.118 312.332 0.126
202406 0.110 314.175 0.117
202409 0.083 315.301 0.088
202412 0.105 315.605 0.111
202503 0.090 319.799 0.094
202506 0.000 322.561 0.000
202509 0.093 324.800 0.096
202512 0.085 324.054 0.088
202603 0.085 330.213 0.086
202606 0.000 333.952 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.

Is Country Group Holdings PCL (BKK:CGH-R) Overvalued in 2026?

Based on GuruFocus' analysis, Country Group Holdings PCL stock appears to be overvalued. The current stock price of ฿0.54 is trading 17.4% above its estimated GF Value™ of ฿0.46. GuruFocus considers Country Group Holdings PCL to be Fairly Valued.

Key valuation signals for BKK:CGH-R:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿0.46 vs. price of ฿0.54 (17.4% above fair value)
  • GF Score™: 31/100 with 6 warning signs

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


Country Group Holdings PCL Business Description

Other Exchanges CGH:Thailand
Address Wireless Road, No. 132, Sindhorn Tower 3, 20th Floor, Lumpini Sub District, Pathumwan District, Bangkok, THA, 10330
Country Group Holdings PCL is principally engaged in investment in potential securities. The company has four operating segments that are Securities and Derivatives brokerage which is the key revenue-generating segment; Investment Banking; and securities and derivatives trading segment, Investment banking segment, and Comprising the Group's digital assets trading. The company derives revenue through brokerage fees, service income, and Interest on margin loans. The company's operations are carried out in Thailand.
31GF Score

Get the complete analysis for BKK:CGH-R

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

฿0.54
Price
฿0.46
GF Value