Thai Industrial Fund 1 (BKK:TIF1) Cyclically Adjusted PS Ratio: 8.51 (As of Aug. 18, 2026) — 10% Below Median

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BKK:TIF1 Thai Industrial Fund 1 BKK:TIF1
82 GF Score
Price ฿8.00
GF Value ฿8.51
Valuation Fairly Valued
! 6 Warning Signs
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What is Thai Industrial Fund 1 Cyclically Adjusted PS Ratio?

Thai Industrial Fund 1 BKK:TIF1 82 Cyclically Adjusted PS Ratio is 8.51 as of Aug. 18, 2026, which is 10% below its 10-year median of 9.41. GuruFocus rates BKK:TIF1 with a GF Score™ of 82/100 and a GF Value™ of ฿8.51 (Fairly Valued). The stock has 6 warning signs investors should review. Among 923 Asset Management companies, Thai Industrial Fund 1 ranks worse than 53.74% on this metric.

As of today (2026-08-18), Thai Industrial Fund 1's current share price is ฿8.00. Thai Industrial Fund 1's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was ฿0.94. Thai Industrial Fund 1's Cyclically Adjusted PS Ratio for today is 8.51.

The historical rank and industry rank for Thai Industrial Fund 1's Cyclically Adjusted PS Ratio or its related term are showing as below:

BKK:TIF1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.89   Med: 9.41   Max: 10.97
Current: 8.54

During the past years, Thai Industrial Fund 1's highest Cyclically Adjusted PS Ratio was 10.97. The lowest was 6.89. And the median was 9.41.

BKK:TIF1's Cyclically Adjusted PS Ratio is ranked worse than
53.74% of 923 companies
in the Asset Management industry
Industry Median: 7.99 vs BKK:TIF1: 8.54

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.

Thai Industrial Fund 1's adjusted revenue per share data for the three months ended in Dec. 2025 was ฿0.194. 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 ฿0.94 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Industrial Fund 1  (BKK:TIF1) 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 Industrial Fund 1 Cyclically Adjusted PS Ratio Related Terms


Thai Industrial Fund 1 Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thai Industrial Fund 1'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 Industrial Fund 1 Cyclically Adjusted PS Ratio Chart

Thai Industrial Fund 1 Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.42 9.46 9.33 8.18 7.41

Thai Industrial Fund 1 Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 7.90 7.41 7.18 7.51 7.63

BKK:TIF1 vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Thai Industrial Fund 1'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 Industrial Fund 1 Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Thai Industrial Fund 1's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Thai Industrial Fund 1's Cyclically Adjusted PS Ratio falls into.


BKK:TIF1
82GF Score
Thai Industrial Fund 1 BKK:TIF1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Industrial Fund 1 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 Industrial Fund 1's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.00/0.94
=8.51

* 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 Industrial Fund 1's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Thai Industrial Fund 1's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.194/324.0540*324.0540
=0.194

Current CPI (Dec. 2025) = 324.0540.

Thai Industrial Fund 1 Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.201 238.132 0.274
201606 0.209 241.018 0.281
201609 0.224 241.428 0.301
201612 0.238 241.432 0.319
201703 0.214 243.801 0.284
201706 0.203 244.955 0.269
201709 0.215 246.819 0.282
201712 0.206 246.524 0.271
201803 0.210 249.554 0.273
201806 0.205 251.989 0.264
201809 0.202 252.439 0.259
201812 0.216 251.233 0.279
201903 0.211 254.202 0.269
201906 0.195 256.143 0.247
201909 0.197 256.759 0.249
201912 0.215 256.974 0.271
202003 0.210 258.115 0.264
202006 0.227 257.797 0.285
202009 0.220 260.280 0.274
202012 0.216 260.474 0.269
202103 0.201 264.877 0.246
202106 0.162 271.696 0.193
202109 0.184 274.310 0.217
202112 0.177 278.802 0.206
202203 0.173 287.504 0.195
202206 0.175 296.311 0.191
202209 0.175 296.808 0.191
202212 0.175 296.797 0.191
202303 0.158 301.836 0.170
202306 0.157 305.109 0.167
202309 0.168 307.789 0.177
202312 0.183 306.746 0.193
202403 0.188 312.332 0.195
202406 0.181 314.175 0.187
202409 0.180 315.301 0.185
202412 0.209 315.605 0.215
202503 0.184 319.799 0.186
202506 0.191 322.561 0.192
202509 0.194 324.800 0.194
202512 0.194 324.054 0.194

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 8.51 mean?
Thai Industrial Fund 1 (BKK:TIF1) has a Cyclically Adjusted PS Ratio of 8.51 as of Aug. 18, 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 Thai Industrial Fund 1 and its competitors. This is 10% below median its historical median of 9.41. Over the past decade, Thai Industrial Fund 1's Cyclically Adjusted PS Ratio has ranged from 6.89 to 10.97. According to the industry distribution chart, Thai Industrial Fund 1 ranks #496 out of 923 companies in the Asset Management industry, placing it in the top 53.7%.
Is Thai Industrial Fund 1's Cyclically Adjusted PS Ratio too high?
Thai Industrial Fund 1's current Cyclically Adjusted PS Ratio of 8.51 is 10% below median its 10-year median of 9.41. Over the past 10 years, this metric has ranged from a low of 6.89 to a high of 10.97. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.99. Thai Industrial Fund 1's value of 8.51 is 6.5% above this industry median. Based on the distribution chart, Thai Industrial Fund 1 ranks #496 out of 923 companies in the Asset Management industry, which is below the industry midpoint. Overall, Thai Industrial Fund 1 has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Industrial Fund 1's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Thai Industrial Fund 1 ranks #496 out of 923 companies for Cyclically Adjusted PS Ratio. This places Thai Industrial Fund 1 in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.99. Thai Industrial Fund 1's value of 8.51 is 6.5% above this benchmark. Historically, Thai Industrial Fund 1's own Cyclically Adjusted PS Ratio has ranged from 6.89 to 10.97 over the past decade. While the company's 10-year median is 9.41 vs. the industry median of 7.99, Thai Industrial Fund 1 has consistently been above 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 an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.99, based on 923 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. Thai Industrial Fund 1's current Cyclically Adjusted PS Ratio of 8.51 is 6.5% above 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 Thai Industrial Fund 1 and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Industrial Fund 1's current Cyclically Adjusted PS Ratio is 8.51, which is 10% below median its own 10-year median of 9.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Industrial Fund 1 stock overvalued right now?
Based on GuruFocus' analysis, Thai Industrial Fund 1 (BKK:TIF1) is currently considered Fairly Valued. The stock's GF Value™ is ฿8.51, compared to a current price of ฿8.00 — trading 6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 8.51, which is 10% below median its 10-year median of 9.41 and 6.5% above the Asset Management industry median of 7.99. Thai Industrial Fund 1's overall GF Score™ is 82/100 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 Thai Industrial Fund 1 (BKK:TIF1), the current Cyclically Adjusted PS Ratio is 8.51 as of Aug. 18, 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 Thai Industrial Fund 1 (BKK:TIF1) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Industrial Fund 1 stock appears to be undervalued. The current stock price of ฿8.00 is trading 6% below its estimated GF Value™ of ฿8.51. GuruFocus considers Thai Industrial Fund 1 to be Fairly Valued.

Key valuation signals for BKK:TIF1:

  • Cyclically Adjusted PS Ratio: 8.51 (10% below median its 10-year median of 9.41)
  • GF Value™: ฿8.51 vs. price of ฿8.00 (6% below fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 6.5% above the Asset Management median (#496 of 923)

No single metric tells the full story. See the BKK:TIF1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thai Industrial Fund 1 Business Description

Address Rama 1 Road, Floor 9th, 24th, No. 989 Siam Piwat Tower, Patumwan District, Bangkok, THA, 10330
Thai Industrial Fund 1 is an asset management company. The objective of the fund is to raise funds from general investors and to use the proceeds from such fundraising for the purchase and/or lease of immovable properties or property lease rights. It invests in land and factory buildings, industrial parks, and industrial promotion zone in Thailand. The one reportable operating segment of the Fund is to provide the rental on property in which the Fund has invested and the single geographical area of its operations is Thailand.
82GF Score

Get the complete analysis for BKK:TIF1

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

฿8.00
Price
฿8.51
GF Value