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Thai Airways International PCL (BKK:THAI-R) Cyclically Adjusted PS Ratio : (As of Jun. 27, 2025)


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What is Thai Airways International PCL Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Airways International PCL Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Thai Airways International 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.

* Premium members only.

Thai Airways International PCL Cyclically Adjusted PS Ratio Chart

Thai Airways International PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.04 0.04 0.04 0.04

Thai Airways International PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.04 0.04 0.04 0.04 0.04

Competitive Comparison of Thai Airways International PCL's Cyclically Adjusted PS Ratio

For the Airlines subindustry, Thai Airways International 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 Airways International PCL's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Thai Airways International PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Thai Airways International 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 Airways International PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Thai Airways International PCL's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.776/134.9266*134.9266
=1.776

Current CPI (Mar. 2025) = 134.9266.

Thai Airways International PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 18.950 100.684 25.395
201509 20.082 100.392 26.990
201512 21.219 99.792 28.690
201603 22.788 100.470 30.603
201606 18.665 101.688 24.766
201609 19.824 101.861 26.259
201612 20.415 101.863 27.042
201703 22.581 102.862 29.620
201706 20.379 103.349 26.606
201709 21.194 104.136 27.461
201712 22.826 104.011 29.611
201803 24.239 105.290 31.062
201806 20.735 106.317 26.315
201809 21.756 106.507 27.561
201812 23.049 105.998 29.339
201903 22.604 107.251 28.437
201906 19.317 108.070 24.118
201909 19.534 108.329 24.330
201912 21.480 108.420 26.731
202003 17.241 108.902 21.361
202006 1.099 108.767 1.363
202009 1.498 109.815 1.841
202012 1.934 109.897 2.374
202103 1.930 111.754 2.330
202106 1.875 114.631 2.207
202109 2.161 115.734 2.519
202112 3.917 117.630 4.493
202203 4.776 121.301 5.312
202206 9.811 125.017 10.589
202209 15.004 125.227 16.166
202212 18.002 125.222 19.397
202303 18.921 127.348 20.047
202306 16.905 128.729 17.719
202309 16.710 129.860 17.362
202312 19.594 129.419 20.428
202403 22.456 131.776 22.993
202406 19.675 132.554 20.027
202409 20.393 133.029 20.684
202412 1.794 133.157 1.818
202503 1.776 134.927 1.776

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.


Thai Airways International PCL  (BKK:THAI-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 Airways International PCL Cyclically Adjusted PS Ratio Related Terms

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Thai Airways International PCL Business Description

Traded in Other Exchanges
Address
89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak District, Bangkok, THA, 10900
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.

Thai Airways International PCL Headlines

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