Land and Houses PCL (BKK:LH) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:LH Land and Houses PCL BKK:LH
74 GF Score
Price ฿3.60
GF Value ฿4.04
Valuation Modestly Undervalued
! 11 Warning Signs
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What is Land and Houses PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Land and Houses PCL  (BKK:LH) 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.


Land and Houses PCL Cyclically Adjusted PS Ratio Related Terms


Land and Houses PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Land and Houses 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.

Land and Houses PCL Cyclically Adjusted PS Ratio Chart

Land and Houses 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 3.13 3.33 2.76 1.73 1.32

Land and Houses 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 1.16 1.47 1.31 1.30 1.32

Land and Houses PCL Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, Land and Houses 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.


Land and Houses PCL Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Land and Houses PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Land and Houses PCL's Cyclically Adjusted PS Ratio falls into.


BKK:LH
74GF Score
Land and Houses PCL BKK:LH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Land and Houses 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.

Land and Houses PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Land and Houses 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)
=0.354/333.9520*333.9520
=0.354

Current CPI (Jun. 2026) = 333.9520.

Land and Houses PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.561 241.428 0.776
201612 0.583 241.432 0.806
201703 0.577 243.801 0.790
201706 0.803 244.955 1.095
201709 0.807 246.819 1.092
201712 0.633 246.524 0.857
201803 0.719 249.554 0.962
201806 0.685 251.989 0.908
201809 0.643 252.439 0.851
201812 0.721 251.233 0.958
201903 0.559 254.202 0.734
201906 0.623 256.143 0.812
201909 0.608 256.759 0.791
201912 0.607 256.974 0.789
202003 0.483 258.115 0.625
202006 0.606 257.797 0.785
202009 0.654 260.280 0.839
202012 0.652 260.474 0.836
202103 0.607 264.877 0.765
202106 0.712 271.696 0.875
202109 0.555 274.310 0.676
202112 0.714 278.802 0.855
202203 0.612 287.504 0.711
202206 0.745 296.311 0.840
202209 0.712 296.808 0.801
202212 0.790 296.797 0.889
202303 0.539 301.836 0.596
202306 0.554 305.109 0.606
202309 0.516 307.789 0.560
202312 0.540 306.746 0.588
202403 0.536 312.332 0.573
202406 0.532 314.175 0.565
202409 0.469 315.301 0.497
202412 0.494 315.605 0.523
202503 0.377 319.799 0.394
202506 0.466 322.561 0.482
202509 0.410 324.800 0.422
202512 0.442 324.054 0.456
202603 0.366 330.213 0.370
202606 0.354 333.952 0.354

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 Land and Houses PCL (BKK:LH) Overvalued in 2026?

Based on GuruFocus' analysis, Land and Houses PCL stock appears to be undervalued. The current stock price of ฿3.60 is trading 10.9% below its estimated GF Value™ of ฿4.04. GuruFocus considers Land and Houses PCL to be Modestly Undervalued.

Key valuation signals for BKK:LH:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿4.04 vs. price of ฿3.60 (10.9% below fair value)
  • GF Score™: 74/100 with 11 warning signs

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


Land and Houses PCL Business Description

Address No. 1, South Sathon Road, 37-38 Floor, Q. House Lumpini Building, Kwaeng Tungmahamek, Khet Sathon, Bangkok, THA, 10120
Land and Houses PCL is a residential property development company in Thailand. The company focuses on developing single-detached houses. It also develops townhouses and condominiums. It has two reportable segments: the Real Estate Business Segment and the Rental and Service Business Segment. Geographically, the business activities of the group are seen in Thailand and the USA, of which the Thailand region accounts for the majority of revenue.
74GF Score

Get the complete analysis for BKK:LH

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

฿3.60
Price
฿4.04
GF Value