Siam Wellness Group PCL (BKK:SPA) Cyclically Adjusted PS Ratio: 3.29 (As of Jul. 25, 2026) — 58% Below Median

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BKK:SPA Siam Wellness Group PCL BKK:SPA
85 GF Score
Price ฿3.16
GF Value ฿7.54
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Siam Wellness Group PCL Cyclically Adjusted PS Ratio?

Siam Wellness Group PCL BKK:SPA 85 Cyclically Adjusted PS Ratio is 3.29 as of Jul. 25, 2026, which is 58% below its 10-year median of 7.87. GuruFocus rates BKK:SPA with a GF Score™ of 85/100 and a GF Value™ of ฿7.54 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 61 Personal Services companies, Siam Wellness Group PCL ranks worse than 80.33% on this metric.

As of today (2026-07-25), Siam Wellness Group PCL's current share price is ฿3.16. Siam Wellness Group PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿0.96. Siam Wellness Group PCL's Cyclically Adjusted PS Ratio for today is 3.29.

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

BKK:SPA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.95   Med: 7.87   Max: 12.79
Current: 3.33

During the past years, Siam Wellness Group PCL's highest Cyclically Adjusted PS Ratio was 12.79. The lowest was 2.95. And the median was 7.87.

BKK:SPA's Cyclically Adjusted PS Ratio is ranked worse than
80.33% of 61 companies
in the Personal Services industry
Industry Median: 0.8 vs BKK:SPA: 3.33

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.

Siam Wellness Group PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.376. 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 ฿0.96 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Siam Wellness Group PCL  (BKK:SPA) 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.


Siam Wellness Group PCL Cyclically Adjusted PS Ratio Related Terms


Siam Wellness Group PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Siam Wellness 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.

Siam Wellness Group PCL Cyclically Adjusted PS Ratio Chart

Siam Wellness 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 0.00 0.00 10.61 8.13 3.34

Siam Wellness 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 5.19 3.47 3.62 3.34 3.38

BKK:SPA vs ROL, SCI, FTDR: Cyclically Adjusted PS Ratio Comparison

For the Personal Services subindustry, Siam Wellness 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.


Siam Wellness Group PCL Cyclically Adjusted PS Ratio vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Siam Wellness Group PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:SPA
85GF Score
Siam Wellness Group PCL BKK:SPA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Siam Wellness 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.16/0.96
=3.29

* 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.

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

For example, Siam Wellness 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)
=0.376/330.2130*330.2130
=0.376

Current CPI (Mar. 2026) = 330.2130.

Siam Wellness Group PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.133 241.018 0.182
201609 0.150 241.428 0.205
201612 0.148 241.432 0.202
201703 0.176 243.801 0.238
201706 0.174 244.955 0.235
201709 0.190 246.819 0.254
201712 0.199 246.524 0.267
201803 0.218 249.554 0.288
201806 0.206 251.989 0.270
201809 0.224 252.439 0.293
201812 0.236 251.233 0.310
201903 0.266 254.202 0.346
201906 0.263 256.143 0.339
201909 0.287 256.759 0.369
201912 0.287 256.974 0.369
202003 0.185 258.115 0.237
202006 0.025 257.797 0.032
202009 0.059 260.280 0.075
202012 0.063 260.474 0.080
202103 0.043 264.877 0.054
202106 0.017 271.696 0.021
202109 0.010 274.310 0.012
202112 0.060 278.802 0.071
202203 0.086 287.504 0.099
202206 0.103 296.311 0.115
202209 0.157 296.808 0.175
202212 0.213 296.797 0.237
202303 0.250 301.836 0.274
202306 0.278 305.109 0.301
202309 0.299 307.789 0.321
202312 0.301 306.746 0.324
202403 0.307 312.332 0.325
202406 0.298 314.175 0.313
202409 0.331 315.301 0.347
202412 0.334 315.605 0.349
202503 0.297 319.799 0.307
202506 0.282 322.561 0.289
202509 0.318 324.800 0.323
202512 0.369 324.054 0.376
202603 0.376 330.213 0.376

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 3.29 mean?
Siam Wellness Group PCL (BKK:SPA) has a Cyclically Adjusted PS Ratio of 3.29 as of Jul. 25, 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 Siam Wellness Group PCL and its competitors. This is 58% below median its historical median of 7.87. Over the past decade, Siam Wellness Group PCL's Cyclically Adjusted PS Ratio has ranged from 2.95 to 12.79. According to the industry distribution chart, Siam Wellness Group PCL ranks #49 out of 61 companies in the Personal Services industry, placing it in the top 80.3%.
Is Siam Wellness Group PCL's Cyclically Adjusted PS Ratio too high?
Siam Wellness Group PCL's current Cyclically Adjusted PS Ratio of 3.29 is 58% below median its 10-year median of 7.87. Over the past 10 years, this metric has ranged from a low of 2.95 to a high of 12.79. The Personal Services industry median Cyclically Adjusted PS Ratio is 0.80. Siam Wellness Group PCL's value of 3.29 is 311.3% above this industry median. Based on the distribution chart, Siam Wellness Group PCL ranks #49 out of 61 companies in the Personal Services industry, which is in the bottom quartile relative to peers. Overall, Siam Wellness Group PCL has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Siam Wellness Group PCL's Cyclically Adjusted PS Ratio compare to ROL and SCI?
According to the Personal Services industry distribution chart, Siam Wellness Group PCL ranks #49 out of 61 companies for Cyclically Adjusted PS Ratio. This places Siam Wellness Group PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.80. Siam Wellness Group PCL's value of 3.29 is 311.3% above this benchmark. Historically, Siam Wellness Group PCL's own Cyclically Adjusted PS Ratio has ranged from 2.95 to 12.79 over the past decade. While the company's 10-year median is 7.87 vs. the industry median of 0.80, Siam Wellness Group 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 Personal Services company?
The median Cyclically Adjusted PS Ratio among Personal Services companies is 0.80, based on 61 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. Siam Wellness Group PCL's current Cyclically Adjusted PS Ratio of 3.29 is 311.3% 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 Siam Wellness Group PCL and its competitors. For the Personal Services industry, the median Cyclically Adjusted PS Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam Wellness Group PCL's current Cyclically Adjusted PS Ratio is 3.29, which is 58% below median its own 10-year median of 7.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Wellness Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Wellness Group PCL (BKK:SPA) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿7.54, compared to a current price of ฿3.16 — trading 58.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.29, which is 58% below median its 10-year median of 7.87 and 311.3% above the Personal Services industry median of 0.80. Siam Wellness Group PCL's overall GF Score™ is 85/100 with 2 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 Siam Wellness Group PCL (BKK:SPA), the current Cyclically Adjusted PS Ratio is 3.29 as of Jul. 25, 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 Siam Wellness Group PCL (BKK:SPA) Overvalued in 2026?

Based on GuruFocus' analysis, Siam Wellness Group PCL stock appears to be undervalued. The current stock price of ฿3.16 is trading 58.1% below its estimated GF Value™ of ฿7.54. GuruFocus considers Siam Wellness Group PCL to be Significantly Undervalued.

Key valuation signals for BKK:SPA:

  • Cyclically Adjusted PS Ratio: 3.29 (58% below median its 10-year median of 7.87)
  • GF Value™: ฿7.54 vs. price of ฿3.16 (58.1% below fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 311.3% above the Personal Services median (#49 of 61)

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


Siam Wellness Group PCL Business Description

Address Prachasongkroh Road, 565, 567 B.U. Place Building, 22nd Floor, Soi Suthiporn, Dindaeng Sub-district, Dindaeng District, Bangkok, THA, 10400
Siam Wellness Group PCL is a Thailand-based company and is principally engaged in the spa business. The business is organized into three segments: Spa services, which operates day spa and destination spa. Also, provides spa management and spa consultancy services; Sales of spa products and healthy products, which distributes natural spa products both and spa equipment for domestic and international markets. and Hotel and restaurant which operates boutique resorts and restaurants. Key revenue is earned from providing spa services. The Group operates in Thailand.
85GF Score

Get the complete analysis for BKK:SPA

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

฿3.16
Price
฿7.54
GF Value