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KCE Electronics PCLBKK:KCE-F 76 Cyclically Adjusted PS Ratio is 3.44 as of Aug. 13, 2026, which is 9% above its 10-year median of 3.17. GuruFocus rates BKK:KCE-F with a GF Score™ of 76/100 and a GF Value™ of ฿28.15 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,977 Hardware companies, KCE Electronics PCL ranks worse than 70.01% on this metric.
The historical rank and industry rank for KCE Electronics PCL's Cyclically Adjusted PS Ratio or its related term are showing as below:
BKK:KCE-F'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.03 Med: 3.17 Max: 8.09
Current: 3.07
During the past years, KCE Electronics PCL's highest Cyclically Adjusted PS Ratio was 8.09. The lowest was 1.03. And the median was 3.17.
BKK:KCE-F's Cyclically Adjusted PS Ratio is ranked worse than 70.01% of 1977
companies
in the Hardware industry
Industry Median: 1.39
vs BKK:KCE-F: 3.07
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.
KCE Electronics PCL's adjusted revenue per share data for the three months ended in Jun. 2026 was ฿2.980. 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 ฿12.14 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
KCE Electronics PCL (BKK:KCE-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.
KCE Electronics PCL Cyclically Adjusted PS Ratio Related Terms
KCE Electronics PCL Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for KCE Electronics 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.
KCE Electronics PCL Cyclically Adjusted PS Ratio Chart
BKK:KCE-F vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison
For the Electronic Components subindustry, KCE Electronics 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.
KCE Electronics PCL Cyclically Adjusted PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, KCE Electronics PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where KCE Electronics PCL's Cyclically Adjusted PS Ratio falls into.
KCE Electronics 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.
KCE Electronics PCL's Cyclically Adjusted PS Ratio for today is calculated as
* 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 3.44 mean?
KCE Electronics PCL (BKK:KCE-F) has a Cyclically Adjusted PS Ratio of 3.44 as of Aug. 13, 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 KCE Electronics PCL and its competitors. This is near median its historical median of 3.17. Over the past decade, KCE Electronics PCL's Cyclically Adjusted PS Ratio has ranged from 1.03 to 8.09. According to the industry distribution chart, KCE Electronics PCL ranks #1384 out of 1977 companies in the Hardware industry, placing it in the top 70%.
Is KCE Electronics PCL's Cyclically Adjusted PS Ratio too high?
KCE Electronics PCL's current Cyclically Adjusted PS Ratio of 3.44 is near median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 8.09. The Hardware industry median Cyclically Adjusted PS Ratio is 1.39. KCE Electronics PCL's value of 3.44 is 147.5% above this industry median. Based on the distribution chart, KCE Electronics PCL ranks #1384 out of 1977 companies in the Hardware industry, which is below the industry midpoint. Overall, KCE Electronics PCL has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KCE Electronics PCL's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, KCE Electronics PCL ranks #1384 out of 1977 companies for Cyclically Adjusted PS Ratio. This places KCE Electronics PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.39. KCE Electronics PCL's value of 3.44 is 147.5% above this benchmark. Historically, KCE Electronics PCL's own Cyclically Adjusted PS Ratio has ranged from 1.03 to 8.09 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 1.39, KCE Electronics 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.39, based on 1,977 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. KCE Electronics PCL's current Cyclically Adjusted PS Ratio of 3.44 is 147.5% 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 KCE Electronics PCL and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KCE Electronics PCL's current Cyclically Adjusted PS Ratio is 3.44, which is near median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCE Electronics PCL stock overvalued right now?
Based on GuruFocus' analysis, KCE Electronics PCL (BKK:KCE-F) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿28.15, compared to a current price of ฿41.75 — trading 48.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.44, which is near median its 10-year median of 3.17 and 147.5% above the Hardware industry median of 1.39. KCE Electronics PCL's overall GF Score™ is 76/100 with 10 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 KCE Electronics PCL (BKK:KCE-F), the current Cyclically Adjusted PS Ratio is 3.44 as of Aug. 13, 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 KCE Electronics PCL (BKK:KCE-F) Overvalued in 2026?
Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued.
The current stock price of ฿41.75 is trading 48.3% above its estimated GF Value™ of ฿28.15.
GuruFocus considers KCE Electronics PCL to be Significantly Overvalued.
Key valuation signals for BKK:KCE-F:
Cyclically Adjusted PS Ratio: 3.44 (near median its 10-year median of 3.17)
GF Value™: ฿28.15 vs. price of ฿41.75 (48.3% above fair value)
Industry Position: 147.5% above the Hardware median (#1384 of 1977)
No single metric tells the full story. See the BKK:KCE-F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns the majority of its revenue internationally. It has three segments: Manufacturing and distributing of Prepreg and Laminate; Manufacturing and distributing of Printed Circuit Board; and Manufacturing and distributing of Chemical. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of its revenue is earned in Europe.
76GF Score
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