Thai Future PCL (BKK:TFI-R) Cyclically Adjusted PS Ratio: (As of Aug. 24, 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:TFI-R Thai Future Inc PCL BKK:TFI-R
12 GF Score
Price ฿0.10
GF Value ฿0.18
! 3 Warning Signs
View Full Analysis

What is Thai Future PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Future PCL  (BKK:TFI-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.


Thai Future PCL Cyclically Adjusted PS Ratio Related Terms


Thai Future PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thai Future 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.

Thai Future PCL Cyclically Adjusted PS Ratio Chart

Thai Future 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 0.43 0.28 0.21 0.25 0.25

Thai Future 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 0.20 0.36 0.25 0.21 0.00

BKK:TFI-R vs SW, PKG, IP: Cyclically Adjusted PS Ratio Comparison

For the Packaging & Containers subindustry, Thai Future 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.


Thai Future PCL Cyclically Adjusted PS Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thai Future PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:TFI-R
12GF Score
Thai Future Inc PCL BKK:TFI-R
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Future 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.

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

For example, Thai Future 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)
=0.009/333.9520*333.9520
=0.009

Current CPI (Jun. 2026) = 333.9520.

Thai Future PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.086 241.428 0.119
201612 0.084 241.432 0.116
201703 0.091 243.801 0.125
201706 0.082 244.955 0.112
201709 0.083 246.819 0.112
201712 0.084 246.524 0.114
201803 0.084 249.554 0.112
201806 0.083 251.989 0.110
201809 0.080 252.439 0.106
201812 0.067 251.233 0.089
201903 0.067 254.202 0.088
201906 0.062 256.143 0.081
201909 0.053 256.759 0.069
201912 0.005 256.974 0.006
202003 0.000 258.115 0.000
202006 0.000 257.797 0.000
202009 0.000 260.280 0.000
202012 0.000 260.474 0.000
202103 0.000 264.877 0.000
202106 0.003 271.696 0.004
202109 0.005 274.310 0.006
202112 0.009 278.802 0.011
202203 0.014 287.504 0.016
202206 0.016 296.311 0.018
202209 0.010 296.808 0.011
202212 0.005 296.797 0.006
202303 0.007 301.836 0.008
202306 0.006 305.109 0.007
202309 0.004 307.789 0.004
202312 0.006 306.746 0.007
202403 0.012 312.332 0.013
202406 0.012 314.175 0.013
202409 0.012 315.301 0.013
202412 0.005 315.605 0.005
202503 0.007 319.799 0.007
202506 0.007 322.561 0.007
202509 0.008 324.800 0.008
202512 0.007 324.054 0.007
202603 0.009 330.213 0.009
202606 0.009 333.952 0.009

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 Thai Future PCL (BKK:TFI-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Future PCL stock appears to be undervalued. The current stock price of ฿0.10 is trading 44.4% below its estimated GF Value™ of ฿0.18.

Key valuation signals for BKK:TFI-R:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿0.18 vs. price of ฿0.10 (44.4% below fair value)
  • GF Score™: 12/100 with 3 warning signs

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


Thai Future PCL Business Description

Other Exchanges TFI:Thailand
Address 73/3 Moo 4, Bangna - Trad Road KM.13, Bangchalong, Bangplee, Sumutprakarn, THA, 10540
Thai Future Inc PCL is engaged in manufacturing of packaging film. The company's products include biaxially oriented polypropylene (BOPP) films, polyester film, cast polypropylene (CPP) films and metallized films to supply domestic and overseas export. The one main reportable operating segment of the company is engaged in mainly in manufacturing of packaging film and the several geographical regions area of their operations is Thailand, Asia, Europe, America and others.
12GF Score

Get the complete analysis for BKK:TFI-R

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

฿0.10
Price
฿0.18
GF Value