IFS Capital Holdings (Thailand) PCL (BKK:IFS) Cyclically Adjusted PS Ratio: 1.99 (As of Aug. 22, 2026) — 37% Below Median

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BKK:IFS IFS Capital Holdings (Thailand) PCL BKK:IFS
68 GF Score
Price ฿1.85
GF Value ฿2.52
Valuation Modestly Undervalued
! 5 Warning Signs
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What is IFS Capital Holdings (Thailand) PCL Cyclically Adjusted PS Ratio?

IFS Capital Holdings (Thailand) PCL BKK:IFS -0.54% 68 Cyclically Adjusted PS Ratio is 1.99 as of Aug. 22, 2026, which is 37% below its 10-year median of 3.15. GuruFocus rates BKK:IFS with a GF Score™ of 68/100 and a GF Value™ of ฿2.52 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 420 Credit Services companies, IFS Capital Holdings (Thailand) PCL ranks better than 60% on this metric.

As of today (2026-08-22), IFS Capital Holdings (Thailand) PCL's current share price is ฿1.85. IFS Capital Holdings (Thailand) PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ฿0.93. IFS Capital Holdings (Thailand) PCL's Cyclically Adjusted PS Ratio for today is 1.99.

The historical rank and industry rank for IFS Capital Holdings (Thailand) PCL's Cyclically Adjusted PS Ratio or its related term are showing as below:

BKK:IFS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.92   Med: 3.15   Max: 4.57
Current: 2

During the past years, IFS Capital Holdings (Thailand) PCL's highest Cyclically Adjusted PS Ratio was 4.57. The lowest was 1.92. And the median was 3.15.

BKK:IFS's Cyclically Adjusted PS Ratio is ranked better than
60% of 420 companies
in the Credit Services industry
Industry Median: 3.03 vs BKK:IFS: 2.00

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.

IFS Capital Holdings (Thailand) PCL's adjusted revenue per share data for the three months ended in Jun. 2026 was ฿0.212. 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 ฿0.93 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IFS Capital Holdings (Thailand) PCL  (BKK:IFS) 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.


IFS Capital Holdings (Thailand) PCL Cyclically Adjusted PS Ratio Related Terms


IFS Capital Holdings (Thailand) PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for IFS Capital Holdings (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.

IFS Capital Holdings (Thailand) PCL Cyclically Adjusted PS Ratio Chart

IFS Capital Holdings (Thailand) 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 3.83 3.40 3.06 2.82 2.33

IFS Capital Holdings (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 1.92 2.28 2.33 2.04 1.97

BKK:IFS vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, IFS Capital Holdings (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.


IFS Capital Holdings (Thailand) PCL Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, IFS Capital Holdings (Thailand) PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:IFS
68GF Score
IFS Capital Holdings (Thailand) PCL BKK:IFS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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IFS Capital Holdings (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.

IFS Capital Holdings (Thailand) PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.85/0.93
=1.99

* 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.

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

For example, IFS Capital Holdings (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)
=0.212/333.9520*333.9520
=0.212

Current CPI (Jun. 2026) = 333.9520.

IFS Capital Holdings (Thailand) PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.173 241.428 0.239
201612 0.172 241.432 0.238
201703 0.177 243.801 0.242
201706 0.190 244.955 0.259
201709 0.192 246.819 0.260
201712 0.192 246.524 0.260
201803 0.199 249.554 0.266
201806 0.209 251.989 0.277
201809 0.211 252.439 0.279
201812 0.207 251.233 0.275
201903 0.205 254.202 0.269
201906 0.214 256.143 0.279
201909 0.212 256.759 0.276
201912 0.204 256.974 0.265
202003 0.198 258.115 0.256
202006 0.173 257.797 0.224
202009 0.152 260.280 0.195
202012 0.160 260.474 0.205
202103 0.167 264.877 0.211
202106 0.176 271.696 0.216
202109 0.177 274.310 0.215
202112 0.187 278.802 0.224
202203 0.184 287.504 0.214
202206 0.198 296.311 0.223
202209 0.197 296.808 0.222
202212 0.188 296.797 0.212
202303 0.190 301.836 0.210
202306 0.194 305.109 0.212
202309 0.192 307.789 0.208
202312 0.201 306.746 0.219
202403 0.194 312.332 0.207
202406 0.194 314.175 0.206
202409 0.202 315.301 0.214
202412 0.208 315.605 0.220
202503 0.213 319.799 0.222
202506 0.207 322.561 0.214
202509 0.221 324.800 0.227
202512 0.217 324.054 0.224
202603 0.204 330.213 0.206
202606 0.212 333.952 0.212

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 1.99 mean?
IFS Capital Holdings (Thailand) PCL (BKK:IFS) has a Cyclically Adjusted PS Ratio of 1.99 as of Aug. 22, 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 IFS Capital Holdings (Thailand) PCL and its competitors. This is 37% below median its historical median of 3.15. Over the past decade, IFS Capital Holdings (Thailand) PCL's Cyclically Adjusted PS Ratio has ranged from 1.92 to 4.57. According to the industry distribution chart, IFS Capital Holdings (Thailand) PCL ranks #168 out of 420 companies in the Credit Services industry, placing it in the top 40%.
Is IFS Capital Holdings (Thailand) PCL's Cyclically Adjusted PS Ratio too high?
IFS Capital Holdings (Thailand) PCL's current Cyclically Adjusted PS Ratio of 1.99 is 37% below median its 10-year median of 3.15. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 4.57. The Credit Services industry median Cyclically Adjusted PS Ratio is 3.03. IFS Capital Holdings (Thailand) PCL's value of 1.99 is 34.3% below this industry median. Based on the distribution chart, IFS Capital Holdings (Thailand) PCL ranks #168 out of 420 companies in the Credit Services industry, which is above the industry midpoint. Overall, IFS Capital Holdings (Thailand) PCL has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IFS Capital Holdings (Thailand) PCL's Cyclically Adjusted PS Ratio compare to V and MA?
According to the Credit Services industry distribution chart, IFS Capital Holdings (Thailand) PCL ranks #168 out of 420 companies for Cyclically Adjusted PS Ratio. This puts IFS Capital Holdings (Thailand) PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.03. IFS Capital Holdings (Thailand) PCL's value of 1.99 is 34.3% below this benchmark. Historically, IFS Capital Holdings (Thailand) PCL's own Cyclically Adjusted PS Ratio has ranged from 1.92 to 4.57 over the past decade. While the company's 10-year median is 3.15 vs. the industry median of 3.03, IFS Capital Holdings (Thailand) 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 Credit Services company?
The median Cyclically Adjusted PS Ratio among Credit Services companies is 3.03, based on 420 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. IFS Capital Holdings (Thailand) PCL's current Cyclically Adjusted PS Ratio of 1.99 is 34.3% 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 IFS Capital Holdings (Thailand) PCL and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IFS Capital Holdings (Thailand) PCL's current Cyclically Adjusted PS Ratio is 1.99, which is 37% below median its own 10-year median of 3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IFS Capital Holdings (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, IFS Capital Holdings (Thailand) PCL (BKK:IFS) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.52, compared to a current price of ฿1.85 — trading 26.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.99, which is 37% below median its 10-year median of 3.15 and 34.3% below the Credit Services industry median of 3.03. IFS Capital Holdings (Thailand) PCL's overall GF Score™ is 68/100 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 IFS Capital Holdings (Thailand) PCL (BKK:IFS), the current Cyclically Adjusted PS Ratio is 1.99 as of Aug. 22, 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 IFS Capital Holdings (Thailand) PCL (BKK:IFS) Overvalued in 2026?

Based on GuruFocus' analysis, IFS Capital Holdings (Thailand) PCL stock appears to be undervalued. The current stock price of ฿1.85 is trading 26.6% below its estimated GF Value™ of ฿2.52. GuruFocus considers IFS Capital Holdings (Thailand) PCL to be Modestly Undervalued.

Key valuation signals for BKK:IFS:

  • Cyclically Adjusted PS Ratio: 1.99 (37% below median its 10-year median of 3.15)
  • GF Value™: ฿2.52 vs. price of ฿1.85 (26.6% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 34.3% below the Credit Services median (#168 of 420)

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


IFS Capital Holdings (Thailand) PCL Business Description

Address 1168/55 Rama IV Road, 20th Floor Lumpini Tower, Tungmahamek, Sathorn, Bangkok, THA, 10120
IFS Capital Holdings (Thailand) PCL is a Thailand-based company which is involved in three business segments. A factoring business is a short-term loan that provides liquidity to the business immediately and enables the business to increase its turnover in the form of buying accounts receivable. The factoring facility applies to both domestic and international sales. Hire purchase and finance leasing businesses are long-term loans for investment in the business industry. Others encompass a range of activities from corporate decisions, income, and expenses not attributed to the business segments described. The majority of revenue is derived from Factoring Business.
68GF Score

Get the complete analysis for BKK:IFS

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

฿1.85
Price
฿2.52
GF Value