Sermsang Power PCL (BKK:SSP) Cyclically Adjusted PS Ratio: 2.53 (As of Jul. 27, 2026) — 25% Above Median

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BKK:SSP Sermsang Power Corporation PCL BKK:SSP
84 GF Score
Price ฿4.52
GF Value ฿5.86
Valuation Modestly Undervalued
! 11 Warning Signs
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What is Sermsang Power PCL Cyclically Adjusted PS Ratio?

Sermsang Power PCL BKK:SSP -0.88% 84 Cyclically Adjusted PS Ratio is 2.53 as of Jul. 27, 2026, which is 25% above its 10-year median of 2.03. GuruFocus rates BKK:SSP with a GF Score™ of 84/100 and a GF Value™ of ฿5.86 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 270 Utilities - Independent Power Producers companies, Sermsang Power PCL ranks worse than 63.33% on this metric.

As of today (2026-07-27), Sermsang Power PCL's current share price is ฿4.52. Sermsang Power PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿1.79. Sermsang Power PCL's Cyclically Adjusted PS Ratio for today is 2.53.

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

BKK:SSP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.79   Med: 2.03   Max: 2.53
Current: 2.53

During the past years, Sermsang Power PCL's highest Cyclically Adjusted PS Ratio was 2.53. The lowest was 1.79. And the median was 2.03.

BKK:SSP's Cyclically Adjusted PS Ratio is ranked worse than
63.33% of 270 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.69 vs BKK:SSP: 2.53

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.

Sermsang Power PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.708. 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 ฿1.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sermsang Power PCL  (BKK:SSP) 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.


Sermsang Power PCL Cyclically Adjusted PS Ratio Related Terms


Sermsang Power PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sermsang Power 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.

Sermsang Power PCL Cyclically Adjusted PS Ratio Chart

Sermsang Power 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 0.00 1.88

Sermsang Power 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 0.00 0.00 0.00 1.88 2.00

Sermsang Power PCL Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Sermsang Power 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.


Sermsang Power PCL Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sermsang Power PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:SSP
84GF Score
Sermsang Power Corporation PCL BKK:SSP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sermsang Power 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.

Sermsang Power PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.52/1.79
=2.53

* 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.

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

For example, Sermsang Power 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)
=0.708/330.2130*330.2130
=0.708

Current CPI (Mar. 2026) = 330.2130.

Sermsang Power PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.000 236.525 0.000
201609 0.176 241.428 0.241
201612 0.170 241.432 0.233
201703 0.077 243.801 0.104
201706 0.060 244.955 0.081
201709 0.077 246.819 0.103
201712 0.055 246.524 0.074
201803 0.071 249.554 0.094
201806 0.121 251.989 0.159
201809 0.123 252.439 0.161
201812 0.142 251.233 0.187
201903 0.140 254.202 0.182
201906 0.194 256.143 0.250
201909 0.210 256.759 0.270
201912 0.176 256.974 0.226
202003 0.211 258.115 0.270
202006 0.282 257.797 0.361
202009 0.352 260.280 0.447
202012 0.309 260.474 0.392
202103 0.318 264.877 0.396
202106 0.461 271.696 0.560
202109 0.497 274.310 0.598
202112 0.818 278.802 0.969
202203 0.634 287.504 0.728
202206 0.600 296.311 0.669
202209 0.539 296.808 0.600
202212 0.508 296.797 0.565
202303 0.554 301.836 0.606
202306 0.555 305.109 0.601
202309 0.590 307.789 0.633
202312 0.538 306.746 0.579
202403 0.618 312.332 0.653
202406 0.633 314.175 0.665
202409 0.659 315.301 0.690
202412 0.764 315.605 0.799
202503 0.699 319.799 0.722
202506 0.507 322.561 0.519
202509 0.594 324.800 0.604
202512 0.702 324.054 0.715
202603 0.708 330.213 0.708

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 2.53 mean?
Sermsang Power PCL (BKK:SSP) has a Cyclically Adjusted PS Ratio of 2.53 as of Jul. 27, 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 Sermsang Power PCL and its competitors. This is 25% above median its historical median of 2.03. Over the past decade, Sermsang Power PCL's Cyclically Adjusted PS Ratio has ranged from 1.79 to 2.53. According to the industry distribution chart, Sermsang Power PCL ranks #171 out of 270 companies in the Utilities - Independent Power Producers industry, placing it in the top 63.3%.
Is Sermsang Power PCL's Cyclically Adjusted PS Ratio too high?
Sermsang Power PCL's current Cyclically Adjusted PS Ratio of 2.53 is 25% above median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 2.53. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.69. Sermsang Power PCL's value of 2.53 is 49.7% above this industry median. Based on the distribution chart, Sermsang Power PCL ranks #171 out of 270 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Sermsang Power PCL has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sermsang Power PCL's Cyclically Adjusted PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Sermsang Power PCL ranks #171 out of 270 companies for Cyclically Adjusted PS Ratio. This places Sermsang Power PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.69. Sermsang Power PCL's value of 2.53 is 49.7% above this benchmark. Historically, Sermsang Power PCL's own Cyclically Adjusted PS Ratio has ranged from 1.79 to 2.53 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 1.69, Sermsang Power 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.69, based on 270 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. Sermsang Power PCL's current Cyclically Adjusted PS Ratio of 2.53 is 49.7% 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 Sermsang Power PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sermsang Power PCL's current Cyclically Adjusted PS Ratio is 2.53, which is 25% above median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sermsang Power PCL stock overvalued right now?
Based on GuruFocus' analysis, Sermsang Power PCL (BKK:SSP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿5.86, compared to a current price of ฿4.52 — trading 22.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.53, which is 25% above median its 10-year median of 2.03 and 49.7% above the Utilities - Independent Power Producers industry median of 1.69. Sermsang Power PCL's overall GF Score™ is 84/100 with 11 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 Sermsang Power PCL (BKK:SSP), the current Cyclically Adjusted PS Ratio is 2.53 as of Jul. 27, 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 Sermsang Power PCL (BKK:SSP) Overvalued in 2026?

Based on GuruFocus' analysis, Sermsang Power PCL stock appears to be undervalued. The current stock price of ฿4.52 is trading 22.9% below its estimated GF Value™ of ฿5.86. GuruFocus considers Sermsang Power PCL to be Modestly Undervalued.

Key valuation signals for BKK:SSP:

  • Cyclically Adjusted PS Ratio: 2.53 (25% above median its 10-year median of 2.03)
  • GF Value™: ฿5.86 vs. price of ฿4.52 (22.9% below fair value)
  • GF Score™: 84/100 with 11 warning signs
  • Industry Position: 49.7% above the Utilities - Independent Power Producers median (#171 of 270)

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


Sermsang Power PCL Business Description

Address 325/14 Lan Luang Road, Si Yaek Mahanak, Dusit, Bangkok, THA, 10300
Sermsang Power Corporation PCL is engaged in investment, consultancy, and the provision of services for energy businesses to related parties. The company's operating segments are the production and distribution of electricity from solar plants, Electricity distribution, and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from biomass, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.
84GF Score

Get the complete analysis for BKK:SSP

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

฿4.52
Price
฿5.86
GF Value