Metro Systems PCL (BKK:MSC) Cyclically Adjusted PS Ratio: 0.22 (As of Jul. 21, 2026) — 27% Below Median

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BKK:MSC Metro Systems Corp PCL BKK:MSC
65 GF Score
Price ฿6.05
GF Value ฿7.31
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Metro Systems PCL Cyclically Adjusted PS Ratio?

Metro Systems PCL BKK:MSC -0.82% 65 Cyclically Adjusted PS Ratio is 0.22 as of Jul. 21, 2026, which is 27% below its 10-year median of 0.30. GuruFocus rates BKK:MSC with a GF Score™ of 65/100 and a GF Value™ of ฿7.31 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,976 Hardware companies, Metro Systems PCL ranks better than 88.82% on this metric.

As of today (2026-07-21), Metro Systems PCL's current share price is ฿6.05. Metro Systems PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿27.02. Metro Systems PCL's Cyclically Adjusted PS Ratio for today is 0.22.

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

BKK:MSC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.3   Max: 0.54
Current: 0.23

During the past years, Metro Systems PCL's highest Cyclically Adjusted PS Ratio was 0.54. The lowest was 0.19. And the median was 0.30.

BKK:MSC's Cyclically Adjusted PS Ratio is ranked better than
88.82% of 1976 companies
in the Hardware industry
Industry Median: 1.365 vs BKK:MSC: 0.23

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.

Metro Systems PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿6.690. 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 ฿27.02 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Metro Systems PCL  (BKK:MSC) 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.


Metro Systems PCL Cyclically Adjusted PS Ratio Related Terms


Metro Systems PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Metro Systems 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.

Metro Systems PCL Cyclically Adjusted PS Ratio Chart

Metro Systems 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 0.30 0.38 0.35 0.31 0.29

Metro Systems 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 0.30 0.29 0.29 0.29 0.25

BKK:MSC vs SNX, ARW, AVT: Cyclically Adjusted PS Ratio Comparison

For the Electronics & Computer Distribution subindustry, Metro Systems 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.


Metro Systems PCL Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Metro Systems PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:MSC
65GF Score
Metro Systems Corp PCL BKK:MSC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metro Systems 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.05/27.02
=0.22

* 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.

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

For example, Metro Systems 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)
=6.69/330.2130*330.2130
=6.690

Current CPI (Mar. 2026) = 330.2130.

Metro Systems PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.397 241.018 6.024
201609 4.667 241.428 6.383
201612 5.667 241.432 7.751
201703 5.032 243.801 6.816
201706 5.075 244.955 6.841
201709 5.400 246.819 7.225
201712 5.034 246.524 6.743
201803 5.239 249.554 6.932
201806 4.848 251.989 6.353
201809 5.645 252.439 7.384
201812 6.416 251.233 8.433
201903 6.040 254.202 7.846
201906 4.595 256.143 5.924
201909 4.824 256.759 6.204
201912 5.103 256.974 6.557
202003 5.601 258.115 7.165
202006 4.202 257.797 5.382
202009 6.014 260.280 7.630
202012 4.545 260.474 5.762
202103 5.913 264.877 7.372
202106 4.109 271.696 4.994
202109 5.007 274.310 6.027
202112 4.967 278.802 5.883
202203 6.534 287.504 7.505
202206 5.623 296.311 6.266
202209 8.102 296.808 9.014
202212 5.763 296.797 6.412
202303 9.529 301.836 10.425
202306 5.827 305.109 6.306
202309 5.192 307.789 5.570
202312 5.783 306.746 6.225
202403 6.428 312.332 6.796
202406 5.404 314.175 5.680
202409 6.390 315.301 6.692
202412 6.589 315.605 6.894
202503 8.848 319.799 9.136
202506 5.494 322.561 5.624
202509 5.730 324.800 5.825
202512 5.390 324.054 5.492
202603 6.690 330.213 6.690

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 0.22 mean?
Metro Systems PCL (BKK:MSC) has a Cyclically Adjusted PS Ratio of 0.22 as of Jul. 21, 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 Metro Systems PCL and its competitors. This is 27% below median its historical median of 0.30. Over the past decade, Metro Systems PCL's Cyclically Adjusted PS Ratio has ranged from 0.19 to 0.54. According to the industry distribution chart, Metro Systems PCL ranks #221 out of 1976 companies in the Hardware industry, placing it in the top 11.2%.
Is Metro Systems PCL's Cyclically Adjusted PS Ratio too high?
Metro Systems PCL's current Cyclically Adjusted PS Ratio of 0.22 is 27% below median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.54. The Hardware industry median Cyclically Adjusted PS Ratio is 1.37. Metro Systems PCL's value of 0.22 is 83.9% below this industry median. Based on the distribution chart, Metro Systems PCL ranks #221 out of 1976 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Metro Systems PCL has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Metro Systems PCL's Cyclically Adjusted PS Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Metro Systems PCL ranks #221 out of 1976 companies for Cyclically Adjusted PS Ratio. This places Metro Systems PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.37. Metro Systems PCL's value of 0.22 is 83.9% below this benchmark. Historically, Metro Systems PCL's own Cyclically Adjusted PS Ratio has ranged from 0.19 to 0.54 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 1.37, Metro Systems 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.37, based on 1,976 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. Metro Systems PCL's current Cyclically Adjusted PS Ratio of 0.22 is 83.9% 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 Metro Systems PCL and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metro Systems PCL's current Cyclically Adjusted PS Ratio is 0.22, which is 27% below median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro Systems PCL stock overvalued right now?
Based on GuruFocus' analysis, Metro Systems PCL (BKK:MSC) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿7.31, compared to a current price of ฿6.05 — trading 17.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.22, which is 27% below median its 10-year median of 0.30 and 83.9% below the Hardware industry median of 1.37. Metro Systems PCL's overall GF Score™ is 65/100 with 7 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 Metro Systems PCL (BKK:MSC), the current Cyclically Adjusted PS Ratio is 0.22 as of Jul. 21, 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 Metro Systems PCL (BKK:MSC) Overvalued in 2026?

Based on GuruFocus' analysis, Metro Systems PCL stock appears to be undervalued. The current stock price of ฿6.05 is trading 17.2% below its estimated GF Value™ of ฿7.31. GuruFocus considers Metro Systems PCL to be Modestly Undervalued.

Key valuation signals for BKK:MSC:

  • Cyclically Adjusted PS Ratio: 0.22 (27% below median its 10-year median of 0.30)
  • GF Value™: ฿7.31 vs. price of ฿6.05 (17.2% below fair value)
  • GF Score™: 65/100 with 7 warning signs
  • Industry Position: 83.9% below the Hardware median (#221 of 1976)

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


Metro Systems PCL Business Description

Address 400 Chalermprakiat Rama IX Road, Nong Bon Subdistrict, Prawet District, Bangkok, THA, 10250
Metro Systems Corp PCL is a Thailand-based company. Together with its subsidiaries, the company is engaged in trading computers and equipment, software, supplies, office equipment, and related services. It operates in four segments namely Sales computers and equipment, Sales and installation software, Sales supplies and office equipment, and Rental and other services. It derives key revenue from the Sales and installation software. Some of its product includes Systems and servers, Supplies and peripherals, E-Business Solution, Software, and Services.
65GF Score

Get the complete analysis for BKK:MSC

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

฿6.05
Price
฿7.31
GF Value