Thantawan Industry PCL (BKK:THIP-R) Cyclically Adjusted PS Ratio: 0.50 (As of Jun. 24, 2026) — 38% Below Median


BKK:THIP-R Thantawan Industry PCL BKK:THIP-R
72 GF Score
Price ฿23.00
GF Value ฿36.74
! 6 Warning Signs
View Full Analysis

What is Thantawan Industry PCL Cyclically Adjusted PS Ratio?

Thantawan Industry PCL BKK:THIP-R 72 Cyclically Adjusted PS Ratio is 0.50 as of Jun. 24, 2026, which is 38% below its 10-year median of 0.80. GuruFocus rates BKK:THIP-R with a GF Score™ of 72/100 and a GF Value™ of ฿36.74. The stock has 6 warning signs investors should review. Among 318 Packaging & Containers companies, Thantawan Industry PCL ranks better than 64.15% on this metric.

As of today (2026-06-24), Thantawan Industry PCL's current share price is ฿23.00. Thantawan Industry PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿46.34. Thantawan Industry PCL's Cyclically Adjusted PS Ratio for today is 0.50.

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

BKK:THIP-R' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.8   Max: 1.47
Current: 0.45

During the past years, Thantawan Industry PCL's highest Cyclically Adjusted PS Ratio was 1.47. The lowest was 0.45. And the median was 0.80.

BKK:THIP-R's Cyclically Adjusted PS Ratio is ranked better than
64.15% of 318 companies
in the Packaging & Containers industry
Industry Median: 0.72 vs BKK:THIP-R: 0.45

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.

Thantawan Industry PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿11.473. 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 ฿46.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thantawan Industry PCL  (BKK:THIP-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.


Thantawan Industry PCL Cyclically Adjusted PS Ratio Related Terms


Thantawan Industry PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thantawan Industry 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.

Thantawan Industry PCL Cyclically Adjusted PS Ratio Chart

Thantawan Industry 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 1.05 1.14 0.79 0.69 0.51

Thantawan Industry 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 0.62 0.57 0.57 0.51 0.50

BKK:THIP-R vs SW, PKG, AMCR: Cyclically Adjusted PS Ratio Comparison

For the Packaging & Containers subindustry, Thantawan Industry 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.


Thantawan Industry PCL Cyclically Adjusted PS Ratio vs Packaging & Containers Industry

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

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


BKK:THIP-R
72GF Score
Thantawan Industry PCL BKK:THIP-R
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thantawan Industry 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.

Thantawan Industry PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.00/46.34
=0.50

* 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.

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

For example, Thantawan Industry 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)
=11.473/330.2130*330.2130
=11.473

Current CPI (Mar. 2026) = 330.2130.

Thantawan Industry PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.527 241.018 8.942
201609 7.563 241.428 10.344
201612 6.915 241.432 9.458
201703 6.472 243.801 8.766
201706 6.883 244.955 9.279
201709 7.673 246.819 10.266
201712 8.119 246.524 10.875
201803 7.702 249.554 10.191
201806 8.328 251.989 10.913
201809 7.693 252.439 10.063
201812 7.111 251.233 9.346
201903 7.210 254.202 9.366
201906 7.840 256.143 10.107
201909 8.558 256.759 11.006
201912 8.372 256.974 10.758
202003 8.324 258.115 10.649
202006 7.732 257.797 9.904
202009 10.013 260.280 12.703
202012 9.448 260.474 11.978
202103 9.070 264.877 11.307
202106 10.110 271.696 12.287
202109 10.742 274.310 12.931
202112 11.802 278.802 13.978
202203 12.330 287.504 14.162
202206 11.692 296.311 13.030
202209 12.190 296.808 13.562
202212 8.995 296.797 10.008
202303 10.144 301.836 11.098
202306 7.709 305.109 8.343
202309 9.790 307.789 10.503
202312 10.180 306.746 10.959
202403 10.333 312.332 10.925
202406 10.553 314.175 11.092
202409 13.037 315.301 13.654
202412 13.594 315.605 14.223
202503 14.275 319.799 14.740
202506 13.613 322.561 13.936
202509 12.805 324.800 13.018
202512 12.931 324.054 13.177
202603 11.473 330.213 11.473

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 0.50 mean?
Thantawan Industry PCL (BKK:THIP-R) has a Cyclically Adjusted PS Ratio of 0.50 as of Jun. 24, 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 Thantawan Industry PCL and its competitors. This is 38% below median its historical median of 0.80. Over the past decade, Thantawan Industry PCL's Cyclically Adjusted PS Ratio has ranged from 0.45 to 1.47. According to the industry distribution chart, Thantawan Industry PCL ranks #114 out of 318 companies in the Packaging & Containers industry, placing it in the top 35.8%.
Is Thantawan Industry PCL's Cyclically Adjusted PS Ratio too high?
Thantawan Industry PCL's current Cyclically Adjusted PS Ratio of 0.50 is 38% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.47. The Packaging & Containers industry median Cyclically Adjusted PS Ratio is 0.72. Thantawan Industry PCL's value of 0.50 is 30.6% below this industry median. Based on the distribution chart, Thantawan Industry PCL ranks #114 out of 318 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Thantawan Industry PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's Cyclically Adjusted PS Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thantawan Industry PCL ranks #114 out of 318 companies for Cyclically Adjusted PS Ratio. This puts Thantawan Industry PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.72. Thantawan Industry PCL's value of 0.50 is 30.6% below this benchmark. Historically, Thantawan Industry PCL's own Cyclically Adjusted PS Ratio has ranged from 0.45 to 1.47 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 0.72, Thantawan Industry PCL has consistently been below 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 a Packaging & Containers company?
The median Cyclically Adjusted PS Ratio among Packaging & Containers companies is 0.72, based on 318 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. Thantawan Industry PCL's current Cyclically Adjusted PS Ratio of 0.50 is 30.6% below 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 Thantawan Industry PCL and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PS Ratio is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current Cyclically Adjusted PS Ratio is 0.50, which is 38% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current Cyclically Adjusted PS Ratio of 0.50. The stock's GF Value™ is ฿36.74, compared to a current price of ฿23.00 — trading 37.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.50, which is 38% below median its 10-year median of 0.80 and 30.6% below the Packaging & Containers industry median of 0.72. Thantawan Industry PCL's overall GF Score™ is 72/100 with 6 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 Thantawan Industry PCL (BKK:THIP-R), the current Cyclically Adjusted PS Ratio is 0.50 as of Jun. 24, 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued. The current stock price of ฿23.00 is trading 37.4% below its estimated GF Value™ of ฿36.74.

Key valuation signals for BKK:THIP-R:

  • Cyclically Adjusted PS Ratio: 0.50 (38% below median its 10-year median of 0.80)
  • GF Value™: ฿36.74 vs. price of ฿23.00 (37.4% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 30.6% below the Packaging & Containers median (#114 of 318)

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


Thantawan Industry PCL Business Description

Other Exchanges THIP:Thailand
Address Soi Kangwal 2, Phetkasem Road, 143-144, Moo 8, Omyai, Sampran, Nakornpathom, THA, 73160
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
72GF Score

Get the complete analysis for BKK:THIP-R

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

฿23.00
Price
฿36.74
GF Value