MBK PCL (BKK:MBK) Cyclically Adjusted PS Ratio: 2.58 (As of Jul. 26, 2026) — 25% Above Median

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BKK:MBK MBK PCL BKK:MBK
77 GF Score
Price ฿21.50
GF Value ฿19.01
Valuation Modestly Overvalued
! 10 Warning Signs
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What is MBK PCL Cyclically Adjusted PS Ratio?

MBK PCL BKK:MBK +0.94% 77 Cyclically Adjusted PS Ratio is 2.58 as of Jul. 26, 2026, which is 25% above its 10-year median of 2.06. GuruFocus rates BKK:MBK with a GF Score™ of 77/100 and a GF Value™ of ฿19.01 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 471 Conglomerates companies, MBK PCL ranks worse than 78.77% on this metric.

As of today (2026-07-26), MBK PCL's current share price is ฿21.50. MBK PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿8.34. MBK PCL's Cyclically Adjusted PS Ratio for today is 2.58.

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

BKK:MBK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.44   Med: 2.06   Max: 3.66
Current: 2.58

During the past years, MBK PCL's highest Cyclically Adjusted PS Ratio was 3.66. The lowest was 1.44. And the median was 2.06.

BKK:MBK's Cyclically Adjusted PS Ratio is ranked worse than
78.77% of 471 companies
in the Conglomerates industry
Industry Median: 0.76 vs BKK:MBK: 2.58

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.

MBK PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿1.917. 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 ฿8.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MBK PCL  (BKK:MBK) 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.


MBK PCL Cyclically Adjusted PS Ratio Related Terms


MBK PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for MBK 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.

MBK PCL Cyclically Adjusted PS Ratio Chart

MBK 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 1.68 2.12 1.87 2.41 2.11

MBK 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 1.98 1.98 2.04 2.11 2.06

BKK:MBK vs HON, MMM: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, MBK 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.


MBK PCL Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, MBK PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:MBK
77GF Score
MBK PCL BKK:MBK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MBK 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.50/8.34
=2.58

* 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.

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

For example, MBK 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)
=1.917/330.2130*330.2130
=1.917

Current CPI (Mar. 2026) = 330.2130.

MBK PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.001 241.018 2.742
201609 1.782 241.428 2.437
201612 1.818 241.432 2.487
201703 1.803 243.801 2.442
201706 1.796 244.955 2.421
201709 1.749 246.819 2.340
201712 1.943 246.524 2.603
201803 1.940 249.554 2.567
201806 1.984 251.989 2.600
201809 1.921 252.439 2.513
201812 2.087 251.233 2.743
201903 2.053 254.202 2.667
201906 1.876 256.143 2.418
201909 1.924 256.759 2.474
201912 1.923 256.974 2.471
202003 1.911 258.115 2.445
202006 1.411 257.797 1.807
202009 1.378 260.280 1.748
202012 1.827 260.474 2.316
202103 1.540 264.877 1.920
202106 1.351 271.696 1.642
202109 1.320 274.310 1.589
202112 1.389 278.802 1.645
202203 1.323 287.504 1.520
202206 1.268 296.311 1.413
202209 1.251 296.808 1.392
202212 1.586 296.797 1.765
202303 1.524 301.836 1.667
202306 1.544 305.109 1.671
202309 1.660 307.789 1.781
202312 1.750 306.746 1.884
202403 1.872 312.332 1.979
202406 1.725 314.175 1.813
202409 1.732 315.301 1.814
202412 1.974 315.605 2.065
202503 2.037 319.799 2.103
202506 1.861 322.561 1.905
202509 1.731 324.800 1.760
202512 1.901 324.054 1.937
202603 1.917 330.213 1.917

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 2.58 mean?
MBK PCL (BKK:MBK) has a Cyclically Adjusted PS Ratio of 2.58 as of Jul. 26, 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 MBK PCL and its competitors. This is 25% above median its historical median of 2.06. Over the past decade, MBK PCL's Cyclically Adjusted PS Ratio has ranged from 1.44 to 3.66. According to the industry distribution chart, MBK PCL ranks #371 out of 471 companies in the Conglomerates industry, placing it in the top 78.8%.
Is MBK PCL's Cyclically Adjusted PS Ratio too high?
MBK PCL's current Cyclically Adjusted PS Ratio of 2.58 is 25% above median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 3.66. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.76. MBK PCL's value of 2.58 is 239.5% above this industry median. Based on the distribution chart, MBK PCL ranks #371 out of 471 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, MBK PCL has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MBK PCL's Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, MBK PCL ranks #371 out of 471 companies for Cyclically Adjusted PS Ratio. This places MBK PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. MBK PCL's value of 2.58 is 239.5% above this benchmark. Historically, MBK PCL's own Cyclically Adjusted PS Ratio has ranged from 1.44 to 3.66 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 0.76, MBK 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.76, based on 471 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. MBK PCL's current Cyclically Adjusted PS Ratio of 2.58 is 239.5% 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 MBK PCL and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MBK PCL's current Cyclically Adjusted PS Ratio is 2.58, which is 25% above median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MBK PCL stock overvalued right now?
Based on GuruFocus' analysis, MBK PCL (BKK:MBK) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿19.01, compared to a current price of ฿21.50 — trading 13.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.58, which is 25% above median its 10-year median of 2.06 and 239.5% above the Conglomerates industry median of 0.76. MBK PCL's overall GF Score™ is 77/100 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 MBK PCL (BKK:MBK), the current Cyclically Adjusted PS Ratio is 2.58 as of Jul. 26, 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 MBK PCL (BKK:MBK) Overvalued in 2026?

Based on GuruFocus' analysis, MBK PCL stock appears to be overvalued. The current stock price of ฿21.50 is trading 13.1% above its estimated GF Value™ of ฿19.01. GuruFocus considers MBK PCL to be Modestly Overvalued.

Key valuation signals for BKK:MBK:

  • Cyclically Adjusted PS Ratio: 2.58 (25% above median its 10-year median of 2.06)
  • GF Value™: ฿19.01 vs. price of ฿21.50 (13.1% above fair value)
  • GF Score™: 77/100 with 10 warning signs
  • Industry Position: 239.5% above the Conglomerates median (#371 of 471)

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


MBK PCL Business Description

Address 444 Phayathai Road, 8th Floor, MBK Center Building, Pathumwan, Bangkok, THA, 10330
MBK PCL is engaged in multiple businesses. Its businesses includes Shopping center business, Hotel and tourism business, Golf business, Real estate business, Food solutions business, Financial business, Auction business, Corporate supporting center and other business. Shopping center business engages in the business of rental space to retail tenants in the shopping centers and the business of office space for rent. The hotel and tourism business engages in providing for lodging, food and drink, and other facilities and services related for accommodation and travel. Golf business engages in golf services. Real estate business engages in residential for sale, property management and asset appraisal. Auction business engages in the business of car and motorcycle auction.
77GF Score

Get the complete analysis for BKK:MBK

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

฿21.50
Price
฿19.01
GF Value