Sahamit Machinery PCL (BKK:SMIT) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.
Reviewed by: Charlie Tian Charlie Tian
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:SMIT Sahamit Machinery PCL BKK:SMIT
76 GF Score
Price ฿3.64
GF Value ฿3.72
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Sahamit Machinery PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sahamit Machinery PCL  (BKK:SMIT) 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.


Sahamit Machinery PCL Cyclically Adjusted PS Ratio Related Terms


Sahamit Machinery PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sahamit Machinery 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.

Sahamit Machinery PCL Cyclically Adjusted PS Ratio Chart

Sahamit Machinery 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 1.05 1.08 1.01 0.89 0.83

Sahamit Machinery 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 0.78 0.84 0.82 0.81 0.79

BKK:SMIT vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Sahamit Machinery 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.


Sahamit Machinery PCL Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Sahamit Machinery PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:SMIT
76GF Score
Sahamit Machinery PCL BKK:SMIT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sahamit Machinery 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.

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

For example, Sahamit Machinery 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)
=0.772/333.9520*333.9520
=0.772

Current CPI (Jun. 2026) = 333.9520.

Sahamit Machinery PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.977 241.428 1.351
201612 0.987 241.432 1.365
201703 0.956 243.801 1.310
201706 0.934 244.955 1.273
201709 1.028 246.819 1.391
201712 1.165 246.524 1.578
201803 1.151 249.554 1.540
201806 1.120 251.989 1.484
201809 1.072 252.439 1.418
201812 1.019 251.233 1.355
201903 1.071 254.202 1.407
201906 1.052 256.143 1.372
201909 0.908 256.759 1.181
201912 0.765 256.974 0.994
202003 0.879 258.115 1.137
202006 0.828 257.797 1.073
202009 0.692 260.280 0.888
202012 0.753 260.474 0.965
202103 0.885 264.877 1.116
202106 0.942 271.696 1.158
202109 1.055 274.310 1.284
202112 0.980 278.802 1.174
202203 0.979 287.504 1.137
202206 1.059 296.311 1.194
202209 1.164 296.808 1.310
202212 0.904 296.797 1.017
202303 0.832 301.836 0.921
202306 0.755 305.109 0.826
202309 0.775 307.789 0.841
202312 0.691 306.746 0.752
202403 0.795 312.332 0.850
202406 0.708 314.175 0.753
202409 0.812 315.301 0.860
202412 0.736 315.605 0.779
202503 0.885 319.799 0.924
202506 0.679 322.561 0.703
202509 0.759 324.800 0.780
202512 0.708 324.054 0.730
202603 0.789 330.213 0.798
202606 0.772 333.952 0.772

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 Sahamit Machinery PCL (BKK:SMIT) Overvalued in 2026?

Based on GuruFocus' analysis, Sahamit Machinery PCL stock appears to be undervalued. The current stock price of ฿3.64 is trading 2.2% below its estimated GF Value™ of ฿3.72. GuruFocus considers Sahamit Machinery PCL to be Fairly Valued.

Key valuation signals for BKK:SMIT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿3.72 vs. price of ฿3.64 (2.2% below fair value)
  • GF Score™: 76/100 with 3 warning signs

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


Sahamit Machinery PCL Business Description

Other Exchanges SMIT-R:Thailand
Address Rama 3 Road, 42 48 Soi chokchaijongjumroen, Yannawa, Bangpongpang, Bangkok, THA, 10120
Sahamit Machinery PCL is engaged in the distribution of industrial machinery and equipment. The business segments of the group are; Steel and Heat treatment, Machine tools and Tooling and Others consisting of Pulp & paper, Electrical engineering and Machineries and equipment for wood industry. The company mainly operates in Thailand, and derives main revenue from the Steel and Heat treatment segment.
76GF Score

Get the complete analysis for BKK:SMIT

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

฿3.64
Price
฿3.72
GF Value