POSCO-Thainox PCL (BKK:INOX) Cyclically Adjusted PS Ratio: 0.17 (As of Aug. 14, 2026) — 48% Below Median

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BKK:INOX POSCO-Thainox PCL BKK:INOX
64 GF Score
Price ฿4.16
GF Value ฿4.06
Valuation Fairly Valued
! 4 Warning Signs
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What is POSCO-Thainox PCL Cyclically Adjusted PS Ratio?

POSCO-Thainox PCL BKK:INOX -0.48% 64 Cyclically Adjusted PS Ratio is 0.17 as of Aug. 14, 2026, which is 48% below its 10-year median of 0.33. GuruFocus rates BKK:INOX with a GF Score™ of 64/100 and a GF Value™ of ฿4.06 (Fairly Valued). The stock has 4 warning signs investors should review. Among 516 Steel companies, POSCO-Thainox PCL ranks better than 82.17% on this metric.

As of today (2026-08-14), POSCO-Thainox PCL's current share price is ฿4.16. POSCO-Thainox PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿24.25. POSCO-Thainox PCL's Cyclically Adjusted PS Ratio for today is 0.17.

The historical rank and industry rank for POSCO-Thainox PCL's Cyclically Adjusted PS Ratio or its related term are showing as below:

BKK:INOX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.33   Max: 0.84
Current: 0.17

During the past years, POSCO-Thainox PCL's highest Cyclically Adjusted PS Ratio was 0.84. The lowest was 0.15. And the median was 0.33.

BKK:INOX's Cyclically Adjusted PS Ratio is ranked better than
82.17% of 516 companies
in the Steel industry
Industry Median: 0.46 vs BKK:INOX: 0.17

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.

POSCO-Thainox PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿4.605. 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 ฿24.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


POSCO-Thainox PCL  (BKK:INOX) 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.


POSCO-Thainox PCL Cyclically Adjusted PS Ratio Related Terms


POSCO-Thainox PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for POSCO-Thainox 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.

POSCO-Thainox PCL Cyclically Adjusted PS Ratio Chart

POSCO-Thainox 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 0.55 0.45 0.25 0.19 0.15

POSCO-Thainox 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 0.19 0.16 0.17 0.15 0.19

BKK:INOX vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, POSCO-Thainox 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.


POSCO-Thainox PCL Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, POSCO-Thainox PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where POSCO-Thainox PCL's Cyclically Adjusted PS Ratio falls into.


BKK:INOX
64GF Score
POSCO-Thainox PCL BKK:INOX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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POSCO-Thainox 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.

POSCO-Thainox PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.16/24.25
=0.17

* 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.

POSCO-Thainox PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, POSCO-Thainox 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)
=4.605/330.2130*330.2130
=4.605

Current CPI (Mar. 2026) = 330.2130.

POSCO-Thainox PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.503 241.018 6.169
201609 4.691 241.428 6.416
201612 4.539 241.432 6.208
201703 4.999 243.801 6.771
201706 4.974 244.955 6.705
201709 5.007 246.819 6.699
201712 4.870 246.524 6.523
201803 5.104 249.554 6.754
201806 5.110 251.989 6.696
201809 5.317 252.439 6.955
201812 5.161 251.233 6.783
201903 4.970 254.202 6.456
201906 4.744 256.143 6.116
201909 4.788 256.759 6.158
201912 3.978 256.974 5.112
202003 4.034 258.115 5.161
202006 3.443 257.797 4.410
202009 4.449 260.280 5.644
202012 4.910 260.474 6.225
202103 4.988 264.877 6.218
202106 5.672 271.696 6.894
202109 6.712 274.310 8.080
202112 7.165 278.802 8.486
202203 7.892 287.504 9.064
202206 9.135 296.311 10.180
202209 6.863 296.808 7.635
202212 6.247 296.797 6.950
202303 6.080 301.836 6.652
202306 4.398 305.109 4.760
202309 4.140 307.789 4.442
202312 3.533 306.746 3.803
202403 4.288 312.332 4.533
202406 4.843 314.175 5.090
202409 4.584 315.301 4.801
202412 4.762 315.605 4.982
202503 4.638 319.799 4.789
202506 4.317 322.561 4.419
202509 4.215 324.800 4.285
202512 3.828 324.054 3.901
202603 4.605 330.213 4.605

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 0.17 mean?
POSCO-Thainox PCL (BKK:INOX) has a Cyclically Adjusted PS Ratio of 0.17 as of Aug. 14, 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 POSCO-Thainox PCL and its competitors. This is 48% below median its historical median of 0.33. Over the past decade, POSCO-Thainox PCL's Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.84. According to the industry distribution chart, POSCO-Thainox PCL ranks #92 out of 516 companies in the Steel industry, placing it in the top 17.8%.
Is POSCO-Thainox PCL's Cyclically Adjusted PS Ratio too high?
POSCO-Thainox PCL's current Cyclically Adjusted PS Ratio of 0.17 is 48% below median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.84. The Steel industry median Cyclically Adjusted PS Ratio is 0.46. POSCO-Thainox PCL's value of 0.17 is 63% below this industry median. Based on the distribution chart, POSCO-Thainox PCL ranks #92 out of 516 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, POSCO-Thainox PCL has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does POSCO-Thainox PCL's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, POSCO-Thainox PCL ranks #92 out of 516 companies for Cyclically Adjusted PS Ratio. This places POSCO-Thainox PCL in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.46. POSCO-Thainox PCL's value of 0.17 is 63% below this benchmark. Historically, POSCO-Thainox PCL's own Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.84 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.46, POSCO-Thainox 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 Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.46, based on 516 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. POSCO-Thainox PCL's current Cyclically Adjusted PS Ratio of 0.17 is 63% 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 POSCO-Thainox PCL and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. POSCO-Thainox PCL's current Cyclically Adjusted PS Ratio is 0.17, which is 48% below median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is POSCO-Thainox PCL stock overvalued right now?
Based on GuruFocus' analysis, POSCO-Thainox PCL (BKK:INOX) is currently considered Fairly Valued. The stock's GF Value™ is ฿4.06, compared to a current price of ฿4.16 — trading 2.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.17, which is 48% below median its 10-year median of 0.33 and 63% below the Steel industry median of 0.46. POSCO-Thainox PCL's overall GF Score™ is 64/100 with 4 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 POSCO-Thainox PCL (BKK:INOX), the current Cyclically Adjusted PS Ratio is 0.17 as of Aug. 14, 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 POSCO-Thainox PCL (BKK:INOX) Overvalued in 2026?

Based on GuruFocus' analysis, POSCO-Thainox PCL stock appears to be overvalued. The current stock price of ฿4.16 is trading 2.5% above its estimated GF Value™ of ฿4.06. GuruFocus considers POSCO-Thainox PCL to be Fairly Valued.

Key valuation signals for BKK:INOX:

  • Cyclically Adjusted PS Ratio: 0.17 (48% below median its 10-year median of 0.33)
  • GF Value™: ฿4.06 vs. price of ฿4.16 (2.5% above fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 63% below the Steel median (#92 of 516)

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


POSCO-Thainox PCL Business Description

Address Number 622 Sukhumvit Road, Emporium Tower, Floor 15/6-8, Khlong Tan Subdistrict, Khlong Toei District, Bangkok, THA, 10110
POSCO-Thainox PCL is engaged in production and sales of cold-rolled stainless steel as raw material in the production of household appliances such as kitchenette, sinks, washing machines etc. including other industries. Its products portfolio includes Austenitic Stainless Steel and Ferritic Stainless Steel. The company's products are used in Automotive and Transportation Parts, Electrical Home Appliances, Kitchenware, Food Processing and Medical Equipment, Heavy Industry, Energy and Environment, and Architecture, Building and Construction industries.
64GF Score

Get the complete analysis for BKK:INOX

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

฿4.16
Price
฿4.06
GF Value