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.
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.
Firetrade Engineering PCLBKK:FTE -2.31%81 Cyclically Adjusted PS Ratio is 1.28 as of Aug. 12, 2026, which is 27% above its 10-year median of 1.01. GuruFocus rates BKK:FTE with a GF Score™ of 81/100 and a GF Value™ of ฿2.00 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 718 Business Services companies, Firetrade Engineering PCL ranks worse than 61.98% on this metric.
The historical rank and industry rank for Firetrade Engineering PCL's Cyclically Adjusted PS Ratio or its related term are showing as below:
BKK:FTE'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.89 Med: 1.01 Max: 1.42
Current: 1.33
During the past years, Firetrade Engineering PCL's highest Cyclically Adjusted PS Ratio was 1.42. The lowest was 0.89. And the median was 1.01.
BKK:FTE's Cyclically Adjusted PS Ratio is ranked worse than 61.98% of 718
companies
in the Business Services industry
Industry Median: 0.87
vs BKK:FTE: 1.33
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.
Firetrade Engineering PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.639. 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 ฿1.99 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Firetrade Engineering PCL (BKK:FTE) 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.
Firetrade Engineering PCL Cyclically Adjusted PS Ratio Related Terms
Firetrade Engineering PCL Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Firetrade Engineering 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.
Firetrade Engineering PCL Cyclically Adjusted PS Ratio Chart
BKK:FTE vs ALLE, MSA, ADT: Cyclically Adjusted PS Ratio Comparison
For the Security & Protection Services subindustry, Firetrade Engineering 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.
Firetrade Engineering PCL Cyclically Adjusted PS Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Firetrade Engineering PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Firetrade Engineering PCL's Cyclically Adjusted PS Ratio falls into.
Firetrade Engineering 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.
* 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.
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 1.28 mean?
Firetrade Engineering PCL (BKK:FTE) has a Cyclically Adjusted PS Ratio of 1.28 as of Aug. 12, 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 Firetrade Engineering PCL and its competitors. This is 27% above median its historical median of 1.01. Over the past decade, Firetrade Engineering PCL's Cyclically Adjusted PS Ratio has ranged from 0.89 to 1.42. According to the industry distribution chart, Firetrade Engineering PCL ranks #445 out of 718 companies in the Business Services industry, placing it in the top 62%.
Is Firetrade Engineering PCL's Cyclically Adjusted PS Ratio too high?
Firetrade Engineering PCL's current Cyclically Adjusted PS Ratio of 1.28 is 27% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 1.42. The Business Services industry median Cyclically Adjusted PS Ratio is 0.87. Firetrade Engineering PCL's value of 1.28 is 47.1% above this industry median. Based on the distribution chart, Firetrade Engineering PCL ranks #445 out of 718 companies in the Business Services industry, which is below the industry midpoint. Overall, Firetrade Engineering PCL has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firetrade Engineering PCL's Cyclically Adjusted PS Ratio compare to ALLE and MSA?
According to the Business Services industry distribution chart, Firetrade Engineering PCL ranks #445 out of 718 companies for Cyclically Adjusted PS Ratio. This places Firetrade Engineering PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.87. Firetrade Engineering PCL's value of 1.28 is 47.1% above this benchmark. Historically, Firetrade Engineering PCL's own Cyclically Adjusted PS Ratio has ranged from 0.89 to 1.42 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.87, Firetrade Engineering PCL has consistently been above 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.87, based on 718 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. Firetrade Engineering PCL's current Cyclically Adjusted PS Ratio of 1.28 is 47.1% above 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 Firetrade Engineering PCL and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firetrade Engineering PCL's current Cyclically Adjusted PS Ratio is 1.28, which is 27% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firetrade Engineering PCL stock overvalued right now?
Based on GuruFocus' analysis, Firetrade Engineering PCL (BKK:FTE) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.00, compared to a current price of ฿2.54 — trading 27% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.28, which is 27% above median its 10-year median of 1.01 and 47.1% above the Business Services industry median of 0.87. Firetrade Engineering PCL's overall GF Score™ is 81/100 with 6 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 Firetrade Engineering PCL (BKK:FTE), the current Cyclically Adjusted PS Ratio is 1.28 as of Aug. 12, 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 Firetrade Engineering PCL (BKK:FTE) Overvalued in 2026?
Based on GuruFocus' analysis, Firetrade Engineering PCL stock appears to be overvalued.
The current stock price of ฿2.54 is trading 27% above its estimated GF Value™ of ฿2.00.
GuruFocus considers Firetrade Engineering PCL to be Modestly Overvalued.
Key valuation signals for BKK:FTE:
Cyclically Adjusted PS Ratio: 1.28 (27% above median its 10-year median of 1.01)
GF Value™: ฿2.00 vs. price of ฿2.54 (27% above fair value)
Industry Position: 47.1% above the Business Services median (#445 of 718)
No single metric tells the full story. See the BKK:FTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firetrade Engineering PCL is engaged in the sales of fire protection equipment and systems, design, installation, repair, and maintenance of fire protection systems. The company operates in two main business segments, namely sales of fire protection equipment systems and project works and services (design, installation, repair and maintenance of fire protection systems). Its products include fire protection equipment, foam system, cold water, and sanitary valves. The sales of the fire protection equipment systems segment act as a revenue driver for the firm. Its operations are in a single geographic area mainly in Thailand.
81GF Score
Get the complete analysis for BKK:FTE
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:FTE has been successfully added to your 
