Charn Issara Development PCL (BKK:CI) Cyclically Adjusted PS Ratio: 0.15 (As of Jul. 23, 2026) — 52% Below Median

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.

BKK:CI Charn Issara Development PCL BKK:CI
24 GF Score
Price ฿0.38
GF Value ฿0.35
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Charn Issara Development PCL Cyclically Adjusted PS Ratio?

Charn Issara Development PCL BKK:CI 24 Cyclically Adjusted PS Ratio is 0.15 as of Jul. 23, 2026, which is 52% below its 10-year median of 0.31. GuruFocus rates BKK:CI with a GF Score™ of 24/100 and a GF Value™ of ฿0.35 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,359 Real Estate companies, Charn Issara Development PCL ranks better than 92.2% on this metric.

As of today (2026-07-23), Charn Issara Development PCL's current share price is ฿0.38. Charn Issara Development PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿2.53. Charn Issara Development PCL's Cyclically Adjusted PS Ratio for today is 0.15.

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

BKK:CI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.31   Max: 0.79
Current: 0.16

During the past years, Charn Issara Development PCL's highest Cyclically Adjusted PS Ratio was 0.79. The lowest was 0.08. And the median was 0.31.

BKK:CI's Cyclically Adjusted PS Ratio is ranked better than
92.2% of 1359 companies
in the Real Estate industry
Industry Median: 1.83 vs BKK:CI: 0.16

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.

Charn Issara Development PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.449. 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 ฿2.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Charn Issara Development PCL  (BKK:CI) 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.


Charn Issara Development PCL Cyclically Adjusted PS Ratio Related Terms


Charn Issara Development PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Charn Issara 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.

Charn Issara Development PCL Cyclically Adjusted PS Ratio Chart

Charn Issara 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 0.52 0.33 0.20 0.16 0.14

Charn Issara 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 0.13 0.09 0.13 0.14 0.13

Charn Issara Development PCL Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Charn Issara 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.


Charn Issara Development PCL Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


BKK:CI
24GF Score
Charn Issara Development PCL BKK:CI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Charn Issara 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.

Charn Issara Development PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.38/2.53
=0.15

* 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.

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

For example, Charn Issara 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)
=0.449/330.2130*330.2130
=0.449

Current CPI (Mar. 2026) = 330.2130.

Charn Issara Development PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.893 241.018 1.223
201609 0.363 241.428 0.496
201612 0.985 241.432 1.347
201703 0.516 243.801 0.699
201706 0.531 244.955 0.716
201709 0.599 246.819 0.801
201712 0.938 246.524 1.256
201803 0.780 249.554 1.032
201806 0.732 251.989 0.959
201809 0.627 252.439 0.820
201812 1.110 251.233 1.459
201903 0.376 254.202 0.488
201906 0.293 256.143 0.378
201909 0.214 256.759 0.275
201912 0.467 256.974 0.600
202003 0.226 258.115 0.289
202006 0.081 257.797 0.104
202009 0.400 260.280 0.507
202012 0.485 260.474 0.615
202103 0.488 264.877 0.608
202106 0.382 271.696 0.464
202109 0.247 274.310 0.297
202112 0.703 278.802 0.833
202203 0.381 287.504 0.438
202206 0.415 296.311 0.462
202209 0.286 296.808 0.318
202212 0.782 296.797 0.870
202303 0.465 301.836 0.509
202306 0.529 305.109 0.573
202309 0.272 307.789 0.292
202312 0.540 306.746 0.581
202403 0.808 312.332 0.854
202406 0.595 314.175 0.625
202409 0.695 315.301 0.728
202412 0.548 315.605 0.573
202503 0.545 319.799 0.563
202506 0.280 322.561 0.287
202509 0.342 324.800 0.348
202512 0.521 324.054 0.531
202603 0.449 330.213 0.449

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 0.15 mean?
Charn Issara Development PCL (BKK:CI) has a Cyclically Adjusted PS Ratio of 0.15 as of Jul. 23, 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 Charn Issara Development PCL and its competitors. This is 52% below median its historical median of 0.31. Over the past decade, Charn Issara Development PCL's Cyclically Adjusted PS Ratio has ranged from 0.08 to 0.79. According to the industry distribution chart, Charn Issara Development PCL ranks #106 out of 1359 companies in the Real Estate industry, placing it in the top 7.8%.
Is Charn Issara Development PCL's Cyclically Adjusted PS Ratio too high?
Charn Issara Development PCL's current Cyclically Adjusted PS Ratio of 0.15 is 52% below median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.79. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.83. Charn Issara Development PCL's value of 0.15 is 91.8% below this industry median. Based on the distribution chart, Charn Issara Development PCL ranks #106 out of 1359 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Charn Issara Development PCL has a GF Score™ of 24/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Charn Issara Development PCL's Cyclically Adjusted PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Charn Issara Development PCL ranks #106 out of 1359 companies for Cyclically Adjusted PS Ratio. This places Charn Issara Development PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.83. Charn Issara Development PCL's value of 0.15 is 91.8% below this benchmark. Historically, Charn Issara Development PCL's own Cyclically Adjusted PS Ratio has ranged from 0.08 to 0.79 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 1.83, Charn Issara Development 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 a Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.83, based on 1,359 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. Charn Issara Development PCL's current Cyclically Adjusted PS Ratio of 0.15 is 91.8% 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 Charn Issara Development PCL and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Charn Issara Development PCL's current Cyclically Adjusted PS Ratio is 0.15, which is 52% below median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charn Issara Development PCL stock overvalued right now?
Based on GuruFocus' analysis, Charn Issara Development PCL (BKK:CI) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.35, compared to a current price of ฿0.38 — trading 8.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.15, which is 52% below median its 10-year median of 0.31 and 91.8% below the Real Estate industry median of 1.83. Charn Issara Development PCL's overall GF Score™ is 24/100 with 5 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 Charn Issara Development PCL (BKK:CI), the current Cyclically Adjusted PS Ratio is 0.15 as of Jul. 23, 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 Charn Issara Development PCL (BKK:CI) Overvalued in 2026?

Based on GuruFocus' analysis, Charn Issara Development PCL stock appears to be overvalued. The current stock price of ฿0.38 is trading 8.6% above its estimated GF Value™ of ฿0.35. GuruFocus considers Charn Issara Development PCL to be Fairly Valued.

Key valuation signals for BKK:CI:

  • Cyclically Adjusted PS Ratio: 0.15 (52% below median its 10-year median of 0.31)
  • GF Value™: ฿0.35 vs. price of ฿0.38 (8.6% above fair value)
  • GF Score™: 24/100 with 5 warning signs
  • Industry Position: 91.8% below the Real Estate median (#106 of 1359)

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


Charn Issara Development PCL Business Description

Address 2922/200, New Petchburi Road, 10th Floor, Charn Issara Tower 2, Bangkapi Sub-district, HuayKwang, Bangkok, THA, 10310
Charn Issara Development PCL engages in the real estate business. It is principally engaged in sale or lease of office condominiums and property development in Thailand. Its portfolio and projects include office buildings, shopping centers, House and Townhome, Hotel, Dining and Entertainment, SPA and residential condominiums. The Company have four reportable segments, which are real estate development, lease of office condominium units, hotel operations and sales of goods. Geographically, the company operates in Thailand. The maximum of its revenue is derived from the hotel operations segment.
24GF Score

Get the complete analysis for BKK:CI

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

฿0.38
Price
฿0.35
GF Value