Ratch Group PCL (BKK:RATCH) Cyclically Adjusted PS Ratio: 1.09 (As of Jul. 01, 2026) — 12% Below Median


BKK:RATCH Ratch Group PCL BKK:RATCH
59 GF Score
Price ฿31.50
GF Value ฿27.38
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Ratch Group PCL Cyclically Adjusted PS Ratio?

Ratch Group PCL BKK:RATCH +0.80% 59 Cyclically Adjusted PS Ratio is 1.09 as of Jul. 01, 2026, which is 12% below its 10-year median of 1.24. GuruFocus rates BKK:RATCH with a GF Score™ of 59/100 and a GF Value™ of ฿27.38 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 441 Utilities - Regulated companies, Ratch Group PCL ranks better than 59.41% on this metric.

As of today (2026-07-01), Ratch Group PCL's current share price is ฿31.50. Ratch Group PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿28.93. Ratch Group PCL's Cyclically Adjusted PS Ratio for today is 1.09.

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

BKK:RATCH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.24   Max: 2.23
Current: 1.06

During the past years, Ratch Group PCL's highest Cyclically Adjusted PS Ratio was 2.23. The lowest was 0.77. And the median was 1.24.

BKK:RATCH's Cyclically Adjusted PS Ratio is ranked better than
59.41% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.43 vs BKK:RATCH: 1.06

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.

Ratch Group PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿4.887. 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 ฿28.93 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ratch Group PCL  (BKK:RATCH) 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.


Ratch Group PCL Cyclically Adjusted PS Ratio Related Terms


Ratch Group PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ratch Group 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.

Ratch Group PCL Cyclically Adjusted PS Ratio Chart

Ratch Group 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 1.25 1.22 0.92 0.94 1.01

Ratch Group 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 0.81 0.79 0.86 1.01 1.04

BKK:RATCH vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, Ratch Group 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.


Ratch Group PCL Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ratch Group PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:RATCH
59GF Score
Ratch Group PCL BKK:RATCH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ratch Group 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=31.50/28.93
=1.09

* 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.

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

For example, Ratch Group 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)
=4.887/330.2130*330.2130
=4.887

Current CPI (Mar. 2026) = 330.2130.

Ratch Group PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.994 241.018 10.952
201609 7.098 241.428 9.708
201612 6.859 241.432 9.381
201703 6.302 243.801 8.536
201706 6.964 244.955 9.388
201709 7.089 246.819 9.484
201712 6.497 246.524 8.703
201803 5.765 249.554 7.628
201806 6.867 251.989 8.999
201809 7.357 252.439 9.624
201812 5.238 251.233 6.885
201903 6.388 254.202 8.298
201906 6.928 256.143 8.931
201909 5.617 256.759 7.224
201912 5.602 256.974 7.199
202003 6.156 258.115 7.876
202006 5.566 257.797 7.130
202009 5.328 260.280 6.760
202012 4.826 260.474 6.118
202103 4.555 264.877 5.679
202106 5.961 271.696 7.245
202109 6.357 274.310 7.653
202112 6.554 278.802 7.763
202203 11.674 287.504 13.408
202206 8.928 296.311 9.949
202209 12.228 296.808 13.604
202212 8.790 296.797 9.780
202303 6.998 301.836 7.656
202306 5.079 305.109 5.497
202309 4.321 307.789 4.636
202312 3.697 306.746 3.980
202403 4.368 312.332 4.618
202406 3.741 314.175 3.932
202409 4.089 315.301 4.282
202412 3.032 315.605 3.172
202503 2.464 319.799 2.544
202506 2.865 322.561 2.933
202509 2.463 324.800 2.504
202512 4.676 324.054 4.765
202603 4.887 330.213 4.887

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 1.09 mean?
Ratch Group PCL (BKK:RATCH) has a Cyclically Adjusted PS Ratio of 1.09 as of Jul. 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 Ratch Group PCL and its competitors. This is 12% below median its historical median of 1.24. Over the past decade, Ratch Group PCL's Cyclically Adjusted PS Ratio has ranged from 0.77 to 2.23. According to the industry distribution chart, Ratch Group PCL ranks #179 out of 441 companies in the Utilities - Regulated industry, placing it in the top 40.6%.
Is Ratch Group PCL's Cyclically Adjusted PS Ratio too high?
Ratch Group PCL's current Cyclically Adjusted PS Ratio of 1.09 is 12% below median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 2.23. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.43. Ratch Group PCL's value of 1.09 is 23.8% below this industry median. Based on the distribution chart, Ratch Group PCL ranks #179 out of 441 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Ratch Group PCL has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ratch Group PCL's Cyclically Adjusted PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Ratch Group PCL ranks #179 out of 441 companies for Cyclically Adjusted PS Ratio. This puts Ratch Group PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.43. Ratch Group PCL's value of 1.09 is 23.8% below this benchmark. Historically, Ratch Group PCL's own Cyclically Adjusted PS Ratio has ranged from 0.77 to 2.23 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 1.43, Ratch Group 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 an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.43, based on 441 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. Ratch Group PCL's current Cyclically Adjusted PS Ratio of 1.09 is 23.8% 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 Ratch Group PCL and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratch Group PCL's current Cyclically Adjusted PS Ratio is 1.09, which is 12% below median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratch Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Ratch Group PCL (BKK:RATCH) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿27.38, compared to a current price of ฿31.50 — trading 15% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.09, which is 12% below median its 10-year median of 1.24 and 23.8% below the Utilities - Regulated industry median of 1.43. Ratch Group PCL's overall GF Score™ is 59/100 with 8 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 Ratch Group PCL (BKK:RATCH), the current Cyclically Adjusted PS Ratio is 1.09 as of Jul. 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 Ratch Group PCL (BKK:RATCH) Overvalued in 2026?

Based on GuruFocus' analysis, Ratch Group PCL stock appears to be overvalued. The current stock price of ฿31.50 is trading 15% above its estimated GF Value™ of ฿27.38. GuruFocus considers Ratch Group PCL to be Modestly Overvalued.

Key valuation signals for BKK:RATCH:

  • Cyclically Adjusted PS Ratio: 1.09 (12% below median its 10-year median of 1.24)
  • GF Value™: ฿27.38 vs. price of ฿31.50 (15% above fair value)
  • GF Score™: 59/100 with 8 warning signs
  • Industry Position: 23.8% below the Utilities - Regulated median (#179 of 441)

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


Ratch Group PCL Business Description

Other Exchanges RATCH-F:Thailand
Address 72 Ngamwongwan Road, Muang Nonthaburi, Bangkhen, Nonthaburi, THA, 11000
Ratch Group PCL is a Thailand-based holding company. The Company's principal businesses are investing in companies whose objectives are to generate and sell electricity and develop power energy projects and infrastructure projects. The Group has four operating segments: Domestic Electricity Generating, Domestic Renewable Energy, International Power Projects, and Domestic Related Business & Infrastructure. The majority of revenue is from the domestic electricity-generating segment. Geographically, the majority of income is from Thailand. Its investment is mainly focused on fossil fuel power generation projects, renewable projects, and businesses adjacent to electricity generation and energy both in Thailand & internationally.
59GF Score

Get the complete analysis for BKK:RATCH

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

฿31.50
Price
฿27.38
GF Value