Multibax PCL (BKK:MBAX) Cyclically Adjusted PS Ratio: 0.20 (As of Jul. 31, 2026) — 43% Below Median

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BKK:MBAX Multibax PCL BKK:MBAX
60 GF Score
Price ฿1.97
GF Value ฿3.00
Valuation Possible Value Trap
! 10 Warning Signs
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What is Multibax PCL Cyclically Adjusted PS Ratio?

Multibax PCL BKK:MBAX -1.50% 60 Cyclically Adjusted PS Ratio is 0.20 as of Jul. 31, 2026, which is 43% below its 10-year median of 0.35. GuruFocus rates BKK:MBAX with a GF Score™ of 60/100 and a GF Value™ of ฿3.00 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 321 Packaging & Containers companies, Multibax PCL ranks better than 86.29% on this metric.

As of today (2026-07-31), Multibax PCL's current share price is ฿1.97. Multibax PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿9.75. Multibax PCL's Cyclically Adjusted PS Ratio for today is 0.20.

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

BKK:MBAX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.35   Max: 0.76
Current: 0.21

During the past years, Multibax PCL's highest Cyclically Adjusted PS Ratio was 0.76. The lowest was 0.13. And the median was 0.35.

BKK:MBAX's Cyclically Adjusted PS Ratio is ranked better than
86.29% of 321 companies
in the Packaging & Containers industry
Industry Median: 0.7 vs BKK:MBAX: 0.21

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.

Multibax PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿1.725. 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 ฿9.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Multibax PCL  (BKK:MBAX) 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.


Multibax PCL Cyclically Adjusted PS Ratio Related Terms


Multibax PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Multibax 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.

Multibax PCL Cyclically Adjusted PS Ratio Chart

Multibax 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 0.46 0.45 0.29 0.19 0.15

Multibax 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 0.17 0.14 0.14 0.15 0.21

BKK:MBAX vs SW, PKG, IP: Cyclically Adjusted PS Ratio Comparison

For the Packaging & Containers subindustry, Multibax 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.


Multibax PCL Cyclically Adjusted PS Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Multibax PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:MBAX
60GF Score
Multibax PCL BKK:MBAX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Multibax 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.97/9.75
=0.20

* 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.

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

For example, Multibax 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)
=1.725/330.2130*330.2130
=1.725

Current CPI (Mar. 2026) = 330.2130.

Multibax PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.068 241.018 2.833
201609 2.339 241.428 3.199
201612 2.364 241.432 3.233
201703 2.046 243.801 2.771
201706 2.440 244.955 3.289
201709 2.459 246.819 3.290
201712 2.250 246.524 3.014
201803 1.808 249.554 2.392
201806 2.158 251.989 2.828
201809 2.251 252.439 2.945
201812 1.883 251.233 2.475
201903 1.744 254.202 2.265
201906 1.766 256.143 2.277
201909 1.805 256.759 2.321
201912 2.159 256.974 2.774
202003 2.101 258.115 2.688
202006 2.674 257.797 3.425
202009 2.915 260.280 3.698
202012 2.118 260.474 2.685
202103 1.642 264.877 2.047
202106 1.525 271.696 1.853
202109 2.333 274.310 2.808
202112 2.101 278.802 2.488
202203 1.930 287.504 2.217
202206 2.651 296.311 2.954
202209 2.767 296.808 3.078
202212 2.229 296.797 2.480
202303 1.269 301.836 1.388
202306 1.077 305.109 1.166
202309 1.375 307.789 1.475
202312 1.561 306.746 1.680
202403 1.512 312.332 1.599
202406 1.680 314.175 1.766
202409 1.776 315.301 1.860
202412 1.956 315.605 2.047
202503 1.835 319.799 1.895
202506 2.125 322.561 2.175
202509 2.257 324.800 2.295
202512 2.101 324.054 2.141
202603 1.725 330.213 1.725

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 0.20 mean?
Multibax PCL (BKK:MBAX) has a Cyclically Adjusted PS Ratio of 0.20 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 Multibax PCL and its competitors. This is 43% below median its historical median of 0.35. Over the past decade, Multibax PCL's Cyclically Adjusted PS Ratio has ranged from 0.13 to 0.76. According to the industry distribution chart, Multibax PCL ranks #44 out of 321 companies in the Packaging & Containers industry, placing it in the top 13.7%.
Is Multibax PCL's Cyclically Adjusted PS Ratio too high?
Multibax PCL's current Cyclically Adjusted PS Ratio of 0.20 is 43% below median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.76. The Packaging & Containers industry median Cyclically Adjusted PS Ratio is 0.70. Multibax PCL's value of 0.20 is 71.4% below this industry median. Based on the distribution chart, Multibax PCL ranks #44 out of 321 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Multibax PCL has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Multibax PCL's Cyclically Adjusted PS Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Multibax PCL ranks #44 out of 321 companies for Cyclically Adjusted PS Ratio. This places Multibax PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.70. Multibax PCL's value of 0.20 is 71.4% below this benchmark. Historically, Multibax PCL's own Cyclically Adjusted PS Ratio has ranged from 0.13 to 0.76 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.70, Multibax 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 Packaging & Containers company?
The median Cyclically Adjusted PS Ratio among Packaging & Containers companies is 0.70, based on 321 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. Multibax PCL's current Cyclically Adjusted PS Ratio of 0.20 is 71.4% 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 Multibax PCL and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Multibax PCL's current Cyclically Adjusted PS Ratio is 0.20, which is 43% below median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Multibax PCL stock overvalued right now?
Based on GuruFocus' analysis, Multibax PCL (BKK:MBAX) is currently considered Possible Value Trap. The stock's GF Value™ is ฿3.00, compared to a current price of ฿1.97 — trading 34.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.20, which is 43% below median its 10-year median of 0.35 and 71.4% below the Packaging & Containers industry median of 0.70. Multibax PCL's overall GF Score™ is 60/100 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 Multibax PCL (BKK:MBAX), the current Cyclically Adjusted PS Ratio is 0.20 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 Multibax PCL (BKK:MBAX) Overvalued in 2026?

Based on GuruFocus' analysis, Multibax PCL stock appears to be undervalued. The current stock price of ฿1.97 is trading 34.3% below its estimated GF Value™ of ฿3.00. GuruFocus considers Multibax PCL to be Possible Value Trap.

Key valuation signals for BKK:MBAX:

  • Cyclically Adjusted PS Ratio: 0.20 (43% below median its 10-year median of 0.35)
  • GF Value™: ฿3.00 vs. price of ฿1.97 (34.3% below fair value)
  • GF Score™: 60/100 with 10 warning signs
  • Industry Position: 71.4% below the Packaging & Containers median (#44 of 321)

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


Multibax PCL Business Description

Address 211 Moo 3, Tambon Toong Sukha, Amphur Sri-racha, Chonburi, THA, 20230
Multibax PCL is engaged in the manufacturing and distribution of polymer bags. Products of the company includes food bags, garbage bags, bioplastic bags, and environment friendly plastic bags. Geographically, the company operates in North America, Australia, Europe, Asia and other continents.
60GF Score

Get the complete analysis for BKK:MBAX

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

฿1.97
Price
฿3.00
GF Value