International Research PCL (BKK:IRCP) Cyclically Adjusted PS Ratio: 0.10 (As of Jul. 31, 2026) — 50% Below Median

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BKK:IRCP International Research Corp PCL BKK:IRCP
27 GF Score
Price ฿0.32
GF Value ฿0.32
Valuation Fairly Valued
! 5 Warning Signs
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What is International Research PCL Cyclically Adjusted PS Ratio?

International Research PCL BKK:IRCP +3.23% 27 Cyclically Adjusted PS Ratio is 0.10 as of Jul. 31, 2026, which is 50% below its 10-year median of 0.20. GuruFocus rates BKK:IRCP with a GF Score™ of 27/100 and a GF Value™ of ฿0.32 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,590 Software companies, International Research PCL ranks better than 94.97% on this metric.

As of today (2026-07-31), International Research PCL's current share price is ฿0.32. International Research PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿3.11. International Research PCL's Cyclically Adjusted PS Ratio for today is 0.10.

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

BKK:IRCP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.2   Max: 0.76
Current: 0.1

During the past years, International Research PCL's highest Cyclically Adjusted PS Ratio was 0.76. The lowest was 0.08. And the median was 0.20.

BKK:IRCP's Cyclically Adjusted PS Ratio is ranked better than
94.97% of 1590 companies
in the Software industry
Industry Median: 1.63 vs BKK:IRCP: 0.10

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.

International Research PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.334. 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 ฿3.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


International Research PCL  (BKK:IRCP) 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.


International Research PCL Cyclically Adjusted PS Ratio Related Terms


International Research PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for International Research 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.

International Research PCL Cyclically Adjusted PS Ratio Chart

International Research 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 0.63 0.29 0.18 0.15 0.09

International Research 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 0.11 0.11 0.12 0.09 0.08

BKK:IRCP vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, International Research 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.


International Research PCL Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, International Research PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where International Research PCL's Cyclically Adjusted PS Ratio falls into.


BKK:IRCP
27GF Score
International Research Corp PCL BKK:IRCP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Research 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.

International Research PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.32/3.11
=0.10

* 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.

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

For example, International Research 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)
=0.334/330.2130*330.2130
=0.334

Current CPI (Mar. 2026) = 330.2130.

International Research PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.875 241.018 1.199
201609 0.803 241.428 1.098
201612 0.635 241.432 0.869
201703 1.156 243.801 1.566
201706 1.061 244.955 1.430
201709 0.788 246.819 1.054
201712 0.918 246.524 1.230
201803 1.105 249.554 1.462
201806 0.677 251.989 0.887
201809 0.712 252.439 0.931
201812 0.797 251.233 1.048
201903 0.654 254.202 0.850
201906 0.761 256.143 0.981
201909 0.681 256.759 0.876
201912 0.750 256.974 0.964
202003 0.460 258.115 0.588
202006 0.865 257.797 1.108
202009 0.797 260.280 1.011
202012 0.664 260.474 0.842
202103 0.752 264.877 0.937
202106 0.825 271.696 1.003
202109 0.525 274.310 0.632
202112 0.379 278.802 0.449
202203 0.727 287.504 0.835
202206 1.061 296.311 1.182
202209 0.419 296.808 0.466
202212 0.534 296.797 0.594
202303 0.341 301.836 0.373
202306 0.352 305.109 0.381
202309 0.590 307.789 0.633
202312 0.513 306.746 0.552
202403 0.393 312.332 0.415
202406 0.403 314.175 0.424
202409 0.385 315.301 0.403
202412 0.302 315.605 0.316
202503 0.338 319.799 0.349
202506 0.316 322.561 0.323
202509 0.172 324.800 0.175
202512 0.330 324.054 0.336
202603 0.334 330.213 0.334

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 0.10 mean?
International Research PCL (BKK:IRCP) has a Cyclically Adjusted PS Ratio of 0.10 as of Jul. 31, 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 International Research PCL and its competitors. This is 50% below median its historical median of 0.20. Over the past decade, International Research PCL's Cyclically Adjusted PS Ratio has ranged from 0.08 to 0.76. According to the industry distribution chart, International Research PCL ranks #80 out of 1590 companies in the Software industry, placing it in the top 5%.
Is International Research PCL's Cyclically Adjusted PS Ratio too high?
International Research PCL's current Cyclically Adjusted PS Ratio of 0.10 is 50% below median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.76. The Software industry median Cyclically Adjusted PS Ratio is 1.63. International Research PCL's value of 0.10 is 93.9% below this industry median. Based on the distribution chart, International Research PCL ranks #80 out of 1590 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, International Research PCL has a GF Score™ of 27/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does International Research PCL's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, International Research PCL ranks #80 out of 1590 companies for Cyclically Adjusted PS Ratio. This places International Research PCL in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.63. International Research PCL's value of 0.10 is 93.9% below this benchmark. Historically, International Research PCL's own Cyclically Adjusted PS Ratio has ranged from 0.08 to 0.76 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 1.63, International Research 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.63, based on 1,590 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. International Research PCL's current Cyclically Adjusted PS Ratio of 0.10 is 93.9% 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 International Research PCL and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Research PCL's current Cyclically Adjusted PS Ratio is 0.10, which is 50% below median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Research PCL stock overvalued right now?
Based on GuruFocus' analysis, International Research PCL (BKK:IRCP) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.32, compared to a current price of ฿0.32 — trading right at its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.10, which is 50% below median its 10-year median of 0.20 and 93.9% below the Software industry median of 1.63. International Research PCL's overall GF Score™ is 27/100 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 International Research PCL (BKK:IRCP), the current Cyclically Adjusted PS Ratio is 0.10 as of Jul. 31, 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 International Research PCL (BKK:IRCP) Overvalued in 2026?

Based on GuruFocus' analysis, International Research PCL stock appears to be undervalued. The current stock price of ฿0.32 is trading 0% below its estimated GF Value™ of ฿0.32. GuruFocus considers International Research PCL to be Fairly Valued.

Key valuation signals for BKK:IRCP:

  • Cyclically Adjusted PS Ratio: 0.10 (50% below median its 10-year median of 0.20)
  • GF Value™: ฿0.32 vs. price of ฿0.32 (0% below fair value)
  • GF Score™: 27/100 with 5 warning signs
  • Industry Position: 93.9% below the Software median (#80 of 1590)

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


International Research PCL Business Description

Address Rama IV Road, 1152 Punn Tower 16th Floor, Rooms 1605-1608, Khlong toei, Bangkok, THA, 10110
International Research Corp PCL is engaged in distribution and system development services for information technology, network information systems, and telecommunication information systems. It operates in two reportable segments: project business and Non-project business. The company and its subsidiaries operate in Thailand only.
27GF Score

Get the complete analysis for BKK:IRCP

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

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