MDX PCL (BKK:MDX) 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.
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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:MDX MDX PCL BKK:MDX
71 GF Score
Price ฿3.42
GF Value ฿3.83
Valuation Modestly Undervalued
! 6 Warning Signs
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What is MDX PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


MDX PCL  (BKK:MDX) 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.


MDX PCL Cyclically Adjusted PS Ratio Related Terms


MDX PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for MDX 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.

MDX PCL Cyclically Adjusted PS Ratio Chart

MDX 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 6.55 4.81 3.41 4.28 3.06

MDX 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 3.25 3.32 3.19 3.00 3.27

MDX PCL Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, MDX 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.


MDX PCL Cyclically Adjusted PS Ratio vs Real Estate Industry

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

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


BKK:MDX
71GF Score
MDX PCL BKK:MDX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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MDX 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.

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

For example, MDX 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)
=0.095/333.9520*333.9520
=0.095

Current CPI (Jun. 2026) = 333.9520.

MDX PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.114 241.428 0.158
201612 0.115 241.432 0.159
201703 0.115 243.801 0.158
201706 0.188 244.955 0.256
201709 0.117 246.819 0.158
201712 0.141 246.524 0.191
201803 0.115 249.554 0.154
201806 0.232 251.989 0.307
201809 0.122 252.439 0.161
201812 0.301 251.233 0.400
201903 0.122 254.202 0.160
201906 0.126 256.143 0.164
201909 0.119 256.759 0.155
201912 0.203 256.974 0.264
202003 0.120 258.115 0.155
202006 0.157 257.797 0.203
202009 0.224 260.280 0.287
202012 0.188 260.474 0.241
202103 0.122 264.877 0.154
202106 0.191 271.696 0.235
202109 0.135 274.310 0.164
202112 0.268 278.802 0.321
202203 0.211 287.504 0.245
202206 0.123 296.311 0.139
202209 0.146 296.808 0.164
202212 0.266 296.797 0.299
202303 0.249 301.836 0.275
202306 0.153 305.109 0.167
202309 0.128 307.789 0.139
202312 0.127 306.746 0.138
202403 0.169 312.332 0.181
202406 0.114 314.175 0.121
202409 0.150 315.301 0.159
202412 0.099 315.605 0.105
202503 0.125 319.799 0.131
202506 0.089 322.561 0.092
202509 0.436 324.800 0.448
202512 0.107 324.054 0.110
202603 0.097 330.213 0.098
202606 0.095 333.952 0.095

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 MDX PCL (BKK:MDX) Overvalued in 2026?

Based on GuruFocus' analysis, MDX PCL stock appears to be undervalued. The current stock price of ฿3.42 is trading 10.7% below its estimated GF Value™ of ฿3.83. GuruFocus considers MDX PCL to be Modestly Undervalued.

Key valuation signals for BKK:MDX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿3.83 vs. price of ฿3.42 (10.7% below fair value)
  • GF Score™: 71/100 with 6 warning signs

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


MDX PCL Business Description

Address 199 Ratchadapisek Road, 12A Floor, Column Tower Building, Klongtoey, Bangkok, THA, 10110
MDX PCL is engaged in the investment and development of real estate and basic infrastructure projects. Through its subsidiaries, the company is also involved in investing in power plant projects and the distribution of electrical power. It operates in three business segments: the real estate segment, which generates maximum revenue, electricity generation, and others. Further, the real estate segment has two parts: sale of land and rental and utility services.
71GF Score

Get the complete analysis for BKK:MDX

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

฿3.42
Price
฿3.83
GF Value