Frasers Property (Thailand) PCL (BKK:FPT-F) Cyclically Adjusted PS Ratio: (As of Aug. 11, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:FPT-F Frasers Property (Thailand) PCL BKK:FPT-F
55 GF Score
Price ฿7.00
GF Value ฿17.01
Valuation Possible Value Trap
! 7 Warning Signs
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What is Frasers Property (Thailand) PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Frasers Property (Thailand) PCL  (BKK:FPT-F) 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.


Frasers Property (Thailand) PCL Cyclically Adjusted PS Ratio Related Terms


Frasers Property (Thailand) PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Frasers Property (Thailand) 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.

Frasers Property (Thailand) PCL Cyclically Adjusted PS Ratio Chart

Frasers Property (Thailand) PCL Annual Data
Trend Dec15 Dec16 Dec17 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.77 2.04 2.00 1.70 0.87

Frasers Property (Thailand) 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 0.82 0.87 0.80 0.77 0.00

Frasers Property (Thailand) PCL Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Frasers Property (Thailand) 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.


Frasers Property (Thailand) PCL Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Frasers Property (Thailand) PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Frasers Property (Thailand) PCL's Cyclically Adjusted PS Ratio falls into.


BKK:FPT-F
55GF Score
Frasers Property (Thailand) PCL BKK:FPT-F
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Frasers Property (Thailand) 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.

Frasers Property (Thailand) PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Frasers Property (Thailand) 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)
=1.238/333.9520*333.9520
=1.238

Current CPI (Jun. 2026) = 333.9520.

Frasers Property (Thailand) PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.409 241.428 0.566
201612 0.519 241.432 0.718
201703 0.287 243.801 0.393
201706 0.227 244.955 0.309
201709 0.261 246.819 0.353
201712 0.277 246.524 0.375
201803 0.568 249.554 0.760
201806 0.280 251.989 0.371
201809 6.410 252.439 8.480
201812 2.975 251.233 3.955
201903 2.772 254.202 3.642
201906 2.703 256.143 3.524
201909 2.534 256.759 3.296
201912 2.283 256.974 2.967
202003 2.305 258.115 2.982
202006 2.372 257.797 3.073
202009 2.476 260.280 3.177
202012 1.736 260.474 2.226
202103 1.779 264.877 2.243
202106 1.615 271.696 1.985
202109 1.414 274.310 1.721
202112 1.538 278.802 1.842
202203 1.403 287.504 1.630
202206 1.840 296.311 2.074
202209 1.908 296.808 2.147
202212 1.633 296.797 1.837
202303 1.370 301.836 1.516
202306 1.726 305.109 1.889
202309 2.222 307.789 2.411
202312 1.252 306.746 1.363
202403 1.321 312.332 1.412
202406 1.600 314.175 1.701
202409 1.750 315.301 1.854
202412 1.394 315.605 1.475
202503 1.346 319.799 1.406
202506 1.665 322.561 1.724
202509 1.825 324.800 1.876
202512 1.453 324.054 1.497
202603 1.163 330.213 1.176
202606 1.238 333.952 1.238

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 Frasers Property (Thailand) PCL (BKK:FPT-F) Overvalued in 2026?

Based on GuruFocus' analysis, Frasers Property (Thailand) PCL stock appears to be undervalued. The current stock price of ฿7.00 is trading 58.8% below its estimated GF Value™ of ฿17.01. GuruFocus considers Frasers Property (Thailand) PCL to be Possible Value Trap.

Key valuation signals for BKK:FPT-F:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿17.01 vs. price of ฿7.00 (58.8% below fair value)
  • GF Score™: 55/100 with 7 warning signs

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


Frasers Property (Thailand) PCL Business Description

Other Exchanges FPT:Thailand
Address Rama 4 Road, No. 944 Mitrtown Office Tower, 22nd - 23rd Floor, Wangmai Subdistrict, Pathumwan District, Bangkok, THA, 10330
Frasers Property (Thailand) PCL is an industrial real estate developer operating in Thailand. The company and its subsidiaries are principally engaged industrial real estate development business, which comprises the development of factories and warehouses, mainly for rent and occasionally for sale, residential real-estate development, including rental and related service of commercial buildings and hotel business. Its segments include Real estate business, Investment properties for industrial business, Rental and commercial building business and Hotel business, where majority revenue is derived from Real estate business segment.
55GF Score

Get the complete analysis for BKK:FPT-F

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

฿7.00
Price
฿17.01
GF Value