NCL International Logistics PCL (BKK:NCL) Cyclically Adjusted PS Ratio: 0.06 (As of Aug. 01, 2026) — 25% Below Median

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BKK:NCL NCL International Logistics PCL BKK:NCL
24 GF Score
Price ฿0.17
GF Value ฿0.36
Valuation Possible Value Trap
! 5 Warning Signs
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What is NCL International Logistics PCL Cyclically Adjusted PS Ratio?

NCL International Logistics PCL BKK:NCL 24 Cyclically Adjusted PS Ratio is 0.06 as of Aug. 01, 2026, which is 25% below its 10-year median of 0.08. GuruFocus rates BKK:NCL with a GF Score™ of 24/100 and a GF Value™ of ฿0.36 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 763 Transportation companies, NCL International Logistics PCL ranks better than 96.72% on this metric.

As of today (2026-08-01), NCL International Logistics PCL's current share price is ฿0.17. NCL International Logistics PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿2.85. NCL International Logistics PCL's Cyclically Adjusted PS Ratio for today is 0.06.

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

BKK:NCL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.08   Max: 0.2
Current: 0.06

During the past years, NCL International Logistics PCL's highest Cyclically Adjusted PS Ratio was 0.20. The lowest was 0.05. And the median was 0.08.

BKK:NCL's Cyclically Adjusted PS Ratio is ranked better than
96.72% of 763 companies
in the Transportation industry
Industry Median: 0.89 vs BKK:NCL: 0.06

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.

NCL International Logistics PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.148. 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 ฿2.85 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NCL International Logistics PCL  (BKK:NCL) 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.


NCL International Logistics PCL Cyclically Adjusted PS Ratio Related Terms


NCL International Logistics PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NCL International Logistics 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.

NCL International Logistics PCL Cyclically Adjusted PS Ratio Chart

NCL International Logistics 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 0.00 0.00 0.00 0.13 0.09

NCL International Logistics 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 0.06 0.07 0.13 0.09 0.08

BKK:NCL vs UPS, FDX, JBHT: Cyclically Adjusted PS Ratio Comparison

For the Integrated Freight & Logistics subindustry, NCL International Logistics 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.


NCL International Logistics PCL Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, NCL International Logistics PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:NCL
24GF Score
NCL International Logistics PCL BKK:NCL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NCL International Logistics 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.

NCL International Logistics PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.17/2.85
=0.06

* 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.

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

For example, NCL International Logistics 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)
=0.148/330.2130*330.2130
=0.148

Current CPI (Mar. 2026) = 330.2130.

NCL International Logistics PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.586 241.018 0.803
201609 0.612 241.428 0.837
201612 0.553 241.432 0.756
201703 0.514 243.801 0.696
201706 0.564 244.955 0.760
201709 0.606 246.819 0.811
201712 0.603 246.524 0.808
201803 0.607 249.554 0.803
201806 0.686 251.989 0.899
201809 0.742 252.439 0.971
201812 0.708 251.233 0.931
201903 0.719 254.202 0.934
201906 0.741 256.143 0.955
201909 0.684 256.759 0.880
201912 0.653 256.974 0.839
202003 0.587 258.115 0.751
202006 0.430 257.797 0.551
202009 0.468 260.280 0.594
202012 0.462 260.474 0.586
202103 0.732 264.877 0.913
202106 0.761 271.696 0.925
202109 1.269 274.310 1.528
202112 1.369 278.802 1.621
202203 1.112 287.504 1.277
202206 1.107 296.311 1.234
202209 0.826 296.808 0.919
202212 0.614 296.797 0.683
202303 0.405 301.836 0.443
202306 0.330 305.109 0.357
202309 0.286 307.789 0.307
202312 0.283 306.746 0.305
202403 0.305 312.332 0.322
202406 0.273 314.175 0.287
202409 0.428 315.301 0.448
202412 0.291 315.605 0.304
202503 0.253 319.799 0.261
202506 0.339 322.561 0.347
202509 0.384 324.800 0.390
202512 0.338 324.054 0.344
202603 0.148 330.213 0.148

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 0.06 mean?
NCL International Logistics PCL (BKK:NCL) has a Cyclically Adjusted PS Ratio of 0.06 as of Aug. 01, 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 NCL International Logistics PCL and its competitors. This is 25% below median its historical median of 0.08. Over the past decade, NCL International Logistics PCL's Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.20. According to the industry distribution chart, NCL International Logistics PCL ranks #25 out of 763 companies in the Transportation industry, placing it in the top 3.3%.
Is NCL International Logistics PCL's Cyclically Adjusted PS Ratio too high?
NCL International Logistics PCL's current Cyclically Adjusted PS Ratio of 0.06 is 25% below median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.20. The Transportation industry median Cyclically Adjusted PS Ratio is 0.89. NCL International Logistics PCL's value of 0.06 is 93.3% below this industry median. Based on the distribution chart, NCL International Logistics PCL ranks #25 out of 763 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, NCL International Logistics PCL has a GF Score™ of 24/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NCL International Logistics PCL's Cyclically Adjusted PS Ratio compare to UPS and FDX?
According to the Transportation industry distribution chart, NCL International Logistics PCL ranks #25 out of 763 companies for Cyclically Adjusted PS Ratio. This places NCL International Logistics PCL in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.89. NCL International Logistics PCL's value of 0.06 is 93.3% below this benchmark. Historically, NCL International Logistics PCL's own Cyclically Adjusted PS Ratio has ranged from 0.05 to 0.20 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.89, NCL International Logistics 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.89, based on 763 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. NCL International Logistics PCL's current Cyclically Adjusted PS Ratio of 0.06 is 93.3% 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 NCL International Logistics PCL and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCL International Logistics PCL's current Cyclically Adjusted PS Ratio is 0.06, which is 25% below median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCL International Logistics PCL stock overvalued right now?
Based on GuruFocus' analysis, NCL International Logistics PCL (BKK:NCL) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.36, compared to a current price of ฿0.17 — trading 52.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.06, which is 25% below median its 10-year median of 0.08 and 93.3% below the Transportation industry median of 0.89. NCL International Logistics PCL's overall GF Score™ is 24/100 with 5 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 NCL International Logistics PCL (BKK:NCL), the current Cyclically Adjusted PS Ratio is 0.06 as of Aug. 01, 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 NCL International Logistics PCL (BKK:NCL) Overvalued in 2026?

Based on GuruFocus' analysis, NCL International Logistics PCL stock appears to be undervalued. The current stock price of ฿0.17 is trading 52.8% below its estimated GF Value™ of ฿0.36. GuruFocus considers NCL International Logistics PCL to be Possible Value Trap.

Key valuation signals for BKK:NCL:

  • Cyclically Adjusted PS Ratio: 0.06 (25% below median its 10-year median of 0.08)
  • GF Value™: ฿0.36 vs. price of ฿0.17 (52.8% below fair value)
  • GF Score™: 24/100 with 5 warning signs
  • Industry Position: 93.3% below the Transportation median (#25 of 763)

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


NCL International Logistics PCL Business Description

Address 56/9-10 Soi Taksin 12/1, Somdejprachaotaksin Road, Bukkalo, Thonburi, Bangkok, THA, 10600
NCL International Logistics PCL is engaged in providing logistics management services, including international freight forwarding, customs broker, inland transportation, multimodal transport operator and all freight-related services for imports and exports. It has four business segments: Non-vessel operating common carrier, Freight forwarder, Land transportation, Services under contracts, with the majority of revenue from Non-vessel operating common carrier.
24GF Score

Get the complete analysis for BKK:NCL

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

฿0.17
Price
฿0.36
GF Value