TCM PCL (BKK:TCMC-R) Cyclically Adjusted PS Ratio: (As of Aug. 26, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:TCMC-R TCM Corp PCL BKK:TCMC-R
24 GF Score
Price ฿0.29
GF Value ฿0.44
Valuation Possible Value Trap
! 6 Warning Signs
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What is TCM PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


TCM PCL  (BKK:TCMC-R) 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.


TCM PCL Cyclically Adjusted PS Ratio Related Terms


TCM PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TCM 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.

TCM PCL Cyclically Adjusted PS Ratio Chart

TCM 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 0.20 0.17 0.12 0.06 0.03

TCM 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 0.03 0.04 0.03 0.02 0.00

BKK:TCMC-R vs AIN: Cyclically Adjusted PS Ratio Comparison

For the Textile Manufacturing subindustry, TCM 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.


TCM PCL Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TCM PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:TCMC-R
24GF Score
TCM Corp PCL BKK:TCMC-R
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TCM 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.

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

For example, TCM 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)
=1.127/333.9520*333.9520
=1.127

Current CPI (Jun. 2026) = 333.9520.

TCM PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.382 241.428 1.912
201612 2.633 241.432 3.642
201703 2.589 243.801 3.546
201706 3.418 244.955 4.660
201709 3.065 246.819 4.147
201712 3.721 246.524 5.041
201803 2.798 249.554 3.744
201806 3.151 251.989 4.176
201809 2.870 252.439 3.797
201812 3.689 251.233 4.904
201903 2.776 254.202 3.647
201906 2.806 256.143 3.658
201909 2.732 256.759 3.553
201912 3.306 256.974 4.296
202003 2.136 258.115 2.764
202006 1.351 257.797 1.750
202009 2.516 260.280 3.228
202012 2.979 260.474 3.819
202103 2.409 264.877 3.037
202106 2.289 271.696 2.813
202109 2.645 274.310 3.220
202112 2.804 278.802 3.359
202203 3.137 287.504 3.644
202206 3.124 296.311 3.521
202209 2.670 296.808 3.004
202212 2.948 296.797 3.317
202303 2.620 301.836 2.899
202306 2.805 305.109 3.070
202309 2.420 307.789 2.626
202312 2.646 306.746 2.881
202403 2.085 312.332 2.229
202406 1.922 314.175 2.043
202409 1.953 315.301 2.069
202412 2.072 315.605 2.192
202503 1.693 319.799 1.768
202506 1.666 322.561 1.725
202509 1.570 324.800 1.614
202512 1.591 324.054 1.640
202603 1.060 330.213 1.072
202606 1.127 333.952 1.127

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 TCM PCL (BKK:TCMC-R) Overvalued in 2026?

Based on GuruFocus' analysis, TCM PCL stock appears to be undervalued. The current stock price of ฿0.29 is trading 34.1% below its estimated GF Value™ of ฿0.44. GuruFocus considers TCM PCL to be Possible Value Trap.

Key valuation signals for BKK:TCMC-R:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿0.44 vs. price of ฿0.29 (34.1% below fair value)
  • GF Score™: 24/100 with 6 warning signs

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


TCM PCL Business Description

Other Exchanges TCMC:Thailand
Address 2054 New Petchaburi Road, Bangkapi, Huaykwang, Bangkok, THA, 10310
TCM Corp PCL is a Thailand-based manufacturer, distributor, and seller of various types of rugs and carpets. The company operates through three segments, The Surface segment includes hand-woven and machine-woven carpet for indoor decoration including the flooring materials; the Living segment consisting sofa chairs for interior decoration, and the Automotive segment comprises carpet for the floors inside vehicles, vehicles upholstery fabrics. The company derives maximum revenue from the Surface Segment. It has a business presence in Thailand, United Kingdom, and other countries.
24GF Score

Get the complete analysis for BKK:TCMC-R

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

฿0.29
Price
฿0.44
GF Value