Netbay PCLBKK:NETBAY -1.02%78 Cyclically Adjusted PS Ratio is 3.71 as of Jun. 28, 2026, which is 55% below its 10-year median of 8.17. GuruFocus rates BKK:NETBAY with a GF Score™ of 78/100 and a GF Value™ of ฿21.54 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,585 Software companies, Netbay PCL ranks worse than 71.1% on this metric.
The historical rank and industry rank for Netbay PCL's Cyclically Adjusted PS Ratio or its related term are showing as below:
BKK:NETBAY'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.54 Med: 8.17 Max: 9.76
Current: 3.7
During the past years, Netbay PCL's highest Cyclically Adjusted PS Ratio was 9.76. The lowest was 3.54. And the median was 8.17.
BKK:NETBAY's Cyclically Adjusted PS Ratio is ranked worse than 71.1% of 1585
companies
in the Software industry
Industry Median: 1.62
vs BKK:NETBAY: 3.70
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.
Netbay PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.694. 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 ฿2.63 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Netbay PCL (BKK:NETBAY) 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.
Netbay PCL Cyclically Adjusted PS Ratio Related Terms
Netbay PCL Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Netbay 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.
BKK:NETBAY vs UBER, SHOP, CRM: Cyclically Adjusted PS Ratio Comparison
For the Software - Application subindustry, Netbay 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.
Netbay PCL Cyclically Adjusted PS Ratio vs Software Industry
For the Software industry and Technology sector, Netbay PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Netbay PCL's Cyclically Adjusted PS Ratio falls into.
Netbay 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.
Netbay PCL's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 3.71 mean?
Netbay PCL (BKK:NETBAY) has a Cyclically Adjusted PS Ratio of 3.71 as of Jun. 28, 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 Netbay PCL and its competitors. This is 55% below median its historical median of 8.17. Over the past decade, Netbay PCL's Cyclically Adjusted PS Ratio has ranged from 3.54 to 9.76. According to the industry distribution chart, Netbay PCL ranks #1127 out of 1585 companies in the Software industry, placing it in the top 71.1%.
Is Netbay PCL's Cyclically Adjusted PS Ratio too high?
Netbay PCL's current Cyclically Adjusted PS Ratio of 3.71 is 55% below median its 10-year median of 8.17. Over the past 10 years, this metric has ranged from a low of 3.54 to a high of 9.76. The Software industry median Cyclically Adjusted PS Ratio is 1.62. Netbay PCL's value of 3.71 is 129% above this industry median. Based on the distribution chart, Netbay PCL ranks #1127 out of 1585 companies in the Software industry, which is below the industry midpoint. Overall, Netbay PCL has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Cyclically Adjusted PS Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #1127 out of 1585 companies for Cyclically Adjusted PS Ratio. This places Netbay PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.62. Netbay PCL's value of 3.71 is 129% above this benchmark. Historically, Netbay PCL's own Cyclically Adjusted PS Ratio has ranged from 3.54 to 9.76 over the past decade. While the company's 10-year median is 8.17 vs. the industry median of 1.62, Netbay 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.62, based on 1,585 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. Netbay PCL's current Cyclically Adjusted PS Ratio of 3.71 is 129% 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 Netbay PCL and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current Cyclically Adjusted PS Ratio is 3.71, which is 55% below median its own 10-year median of 8.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.54, compared to a current price of ฿9.75 — trading 54.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.71, which is 55% below median its 10-year median of 8.17 and 129% above the Software industry median of 1.62. Netbay PCL's overall GF Score™ is 78/100 with 3 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 Netbay PCL (BKK:NETBAY), the current Cyclically Adjusted PS Ratio is 3.71 as of Jun. 28, 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?
Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued.
The current stock price of ฿9.75 is trading 54.7% below its estimated GF Value™ of ฿21.54.
GuruFocus considers Netbay PCL to be Significantly Undervalued.
Key valuation signals for BKK:NETBAY:
Cyclically Adjusted PS Ratio: 3.71 (55% below median its 10-year median of 8.17)
GF Value™: ฿21.54 vs. price of ฿9.75 (54.7% below fair value)
Industry Position: 129% above the Software median (#1127 of 1585)
No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
78GF Score
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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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