Fine Metal Technologies PCL (BKK:FMT) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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Director of Data and Quant Analytics at GuruFocus
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BKK:FMT Fine Metal Technologies PCL BKK:FMT
50 GF Score
Price ฿18.30
GF Value ฿29.26
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Fine Metal Technologies PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fine Metal Technologies PCL  (BKK:FMT) 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.


Fine Metal Technologies PCL Cyclically Adjusted PS Ratio Related Terms


Fine Metal Technologies PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fine Metal Technologies 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.

Fine Metal Technologies PCL Cyclically Adjusted PS Ratio Chart

Fine Metal Technologies 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 0.22 0.20 0.22 0.21 0.15

Fine Metal Technologies 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 0.16 0.17 0.15 0.10 0.13

BKK:FMT vs ATI, CRS, MLI: Cyclically Adjusted PS Ratio Comparison

For the Metal Fabrication subindustry, Fine Metal Technologies 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.


Fine Metal Technologies PCL Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fine Metal Technologies PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:FMT
50GF Score
Fine Metal Technologies PCL BKK:FMT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fine Metal Technologies 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.

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

For example, Fine Metal Technologies 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)
=42.964/333.9520*333.9520
=42.964

Current CPI (Jun. 2026) = 333.9520.

Fine Metal Technologies PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 27.695 241.428 38.309
201612 26.230 241.432 36.282
201703 38.966 243.801 53.375
201706 33.429 244.955 45.574
201709 27.582 246.819 37.319
201712 28.840 246.524 39.068
201803 37.889 249.554 50.703
201806 34.882 251.989 46.228
201809 30.842 252.439 40.801
201812 31.708 251.233 42.148
201903 36.768 254.202 48.303
201906 33.151 256.143 43.221
201909 28.581 256.759 37.174
201912 27.888 256.974 36.242
202003 32.010 258.115 41.415
202006 16.658 257.797 21.579
202009 23.847 260.280 30.597
202012 27.528 260.474 35.293
202103 36.256 264.877 45.711
202106 37.857 271.696 46.531
202109 33.190 274.310 40.406
202112 42.391 278.802 50.776
202203 43.001 287.504 49.948
202206 40.006 296.311 45.088
202209 42.241 296.808 47.527
202212 40.617 296.797 45.702
202303 43.096 301.836 47.682
202306 38.602 305.109 42.251
202309 29.819 307.789 32.354
202312 29.022 306.746 31.596
202403 39.146 312.332 41.856
202406 40.759 314.175 43.325
202409 40.582 315.301 42.983
202412 39.775 315.605 42.087
202503 42.713 319.799 44.603
202506 34.929 322.561 36.162
202509 28.938 324.800 29.753
202512 35.040 324.054 36.110
202603 41.199 330.213 41.665
202606 42.964 333.952 42.964

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 Fine Metal Technologies PCL (BKK:FMT) Overvalued in 2026?

Based on GuruFocus' analysis, Fine Metal Technologies PCL stock appears to be undervalued. The current stock price of ฿18.30 is trading 37.5% below its estimated GF Value™ of ฿29.26. GuruFocus considers Fine Metal Technologies PCL to be Significantly Undervalued.

Key valuation signals for BKK:FMT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿29.26 vs. price of ฿18.30 (37.5% below fair value)
  • GF Score™: 50/100 with 6 warning signs

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


Fine Metal Technologies PCL Business Description

Other Exchanges FMT-R:Thailand
Address Rajdamri Road, 183 Regent House Building, 14th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
Fine Metal Technologies PCL is engaged in the manufacturing and distribution of a seamless copper tube, which is an important component for air-conditioners and refrigerator equipment. Its products include Smooth Tube, Multi Groove Tube, Accumulator Tube, and Capillary Tube. Geographically, the company operates in Thailand, Malaysia, Japan, and Other countries.
50GF Score

Get the complete analysis for BKK:FMT

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

฿18.30
Price
฿29.26
GF Value