KCE Electronics PCL (BKK:KCE-R) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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BKK:KCE-R KCE Electronics PCL BKK:KCE-R
70 GF Score
Price ฿58.75
GF Value ฿18.19
Valuation Significantly Overvalued
! 10 Warning Signs
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What is KCE Electronics PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


KCE Electronics PCL  (BKK:KCE-R) 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

KCE Electronics 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 7.42 3.50 3.96 1.72 1.28

KCE Electronics 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 1.27 1.59 1.29 1.59 2.92

BKK:KCE-R 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.


BKK:KCE-R
70GF Score
KCE Electronics PCL BKK:KCE-R
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, KCE Electronics 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)
=3.024/333.9520*333.9520
=3.024

Current CPI (Jun. 2026) = 333.9520.

KCE Electronics PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.998 241.428 4.147
201612 2.692 241.432 3.724
201703 3.017 243.801 4.133
201706 3.124 244.955 4.259
201709 3.071 246.819 4.155
201712 2.894 246.524 3.920
201803 1.467 249.554 1.963
201806 3.106 251.989 4.116
201809 3.147 252.439 4.163
201812 2.736 251.233 3.637
201903 2.655 254.202 3.488
201906 2.552 256.143 3.327
201909 2.633 256.759 3.425
201912 2.475 256.974 3.216
202003 2.779 258.115 3.596
202006 1.799 257.797 2.330
202009 2.319 260.280 2.975
202012 2.901 260.474 3.719
202103 2.892 264.877 3.646
202106 2.992 271.696 3.678
202109 3.205 274.310 3.902
202112 3.550 278.802 4.252
202203 3.834 287.504 4.453
202206 3.947 296.311 4.448
202209 3.921 296.808 4.412
202212 3.910 296.797 4.399
202303 3.405 301.836 3.767
202306 3.298 305.109 3.610
202309 3.661 307.789 3.972
202312 3.464 306.746 3.771
202403 3.198 312.332 3.419
202406 3.394 314.175 3.608
202409 3.217 315.301 3.407
202412 2.740 315.605 2.899
202503 2.812 319.799 2.936
202506 2.779 322.561 2.877
202509 2.913 324.800 2.995
202512 2.556 324.054 2.634
202603 2.629 330.213 2.659
202606 3.024 333.952 3.024

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.

Is KCE Electronics PCL (BKK:KCE-R) Overvalued in 2026?

Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued. The current stock price of ฿58.75 is trading 223% above its estimated GF Value™ of ฿18.19. GuruFocus considers KCE Electronics PCL to be Significantly Overvalued.

Key valuation signals for BKK:KCE-R:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿18.19 vs. price of ฿58.75 (223% above fair value)
  • GF Score™: 70/100 with 10 warning signs

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


KCE Electronics PCL Business Description

Address No. 72-72/1-3 Soi Chalongkrung 31, Kwang Lumplatew, Khet Lat Krabang, Bangkok, THA, 10520
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.
70GF Score

Get the complete analysis for BKK:KCE-R

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

฿58.75
Price
฿18.19
GF Value