Thai President Foods PCL (BKK:TFMAMA) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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BKK:TFMAMA Thai President Foods PCL BKK:TFMAMA
74 GF Score
Price ฿185.00
GF Value ฿184.84
Valuation Fairly Valued
! 3 Warning Signs
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What is Thai President Foods PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai President Foods PCL  (BKK:TFMAMA) 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 President Foods PCL Cyclically Adjusted PS Ratio Related Terms


Thai President Foods PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thai President Foods 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 President Foods PCL Cyclically Adjusted PS Ratio Chart

Thai President Foods 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 2.77 2.48 2.59 2.30 2.17

Thai President Foods 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 2.17 2.20 2.15 2.08 2.03

BKK:TFMAMA vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Thai President Foods 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 President Foods PCL Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai President Foods PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:TFMAMA
74GF Score
Thai President Foods PCL BKK:TFMAMA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thai President Foods 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 President Foods PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Thai President Foods 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)
=20.273/333.9520*333.9520
=20.273

Current CPI (Jun. 2026) = 333.9520.

Thai President Foods PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 17.891 241.428 24.747
201612 18.702 241.432 25.869
201703 15.881 243.801 21.753
201706 16.882 244.955 23.016
201709 16.950 246.819 22.934
201712 17.324 246.524 23.468
201803 15.692 249.554 20.999
201806 16.799 251.989 22.263
201809 17.295 252.439 22.880
201812 18.266 251.233 24.280
201903 17.038 254.202 22.383
201906 17.973 256.143 23.433
201909 19.043 256.759 24.768
201912 18.736 256.974 24.348
202003 17.930 258.115 23.198
202006 18.761 257.797 24.303
202009 17.381 260.280 22.301
202012 17.449 260.474 22.371
202103 17.566 264.877 22.147
202106 17.488 271.696 21.495
202109 19.457 274.310 23.687
202112 19.668 278.802 23.559
202203 18.672 287.504 21.689
202206 19.832 296.311 22.351
202209 20.945 296.808 23.566
202212 20.871 296.797 23.484
202303 20.625 301.836 22.820
202306 20.340 305.109 22.263
202309 20.919 307.789 22.697
202312 22.021 306.746 23.974
202403 21.244 312.332 22.715
202406 22.683 314.175 24.111
202409 23.114 315.301 24.481
202412 22.755 315.605 24.078
202503 21.389 319.799 22.336
202506 21.036 322.561 21.779
202509 20.301 324.800 20.873
202512 21.135 324.054 21.781
202603 19.350 330.213 19.569
202606 20.273 333.952 20.273

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 President Foods PCL (BKK:TFMAMA) Overvalued in 2026?

Based on GuruFocus' analysis, Thai President Foods PCL stock appears to be overvalued. The current stock price of ฿185.00 is trading 0.1% above its estimated GF Value™ of ฿184.84. GuruFocus considers Thai President Foods PCL to be Fairly Valued.

Key valuation signals for BKK:TFMAMA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿184.84 vs. price of ฿185.00 (0.1% above fair value)
  • GF Score™: 74/100 with 3 warning signs

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


Thai President Foods PCL Business Description

Other Exchanges TFMAMA-R:Thailand
Address No. 304, Srinakarin Road, TF Group Building, Huamark Sub-district, Bangkapi District, Bangkok, THA, 10240
Thai President Foods PCL is a Thailand-based manufacturer and distributor of instant noodles, semi-instant foods, and biscuit products. Some of its brands include Mama, Ruski, Bissin, Thai Chef, and Bamee. It operates in six segments: Instant noodles and semi-instant foods, Biscuits, Bakery, Packaging, Fruit Juice, and Others, of which a majority of the revenue is derived from the Instant noodles segment. Geographically, the company generates the majority of its revenue from the domestic market.
74GF Score

Get the complete analysis for BKK:TFMAMA

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

฿185.00
Price
฿184.84
GF Value