Thai Metal Drum Manufacturing PCL (BKK:TMD) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:TMD Thai Metal Drum Manufacturing PCL BKK:TMD
71 GF Score
Price ฿27.25
GF Value ฿23.69
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Thai Metal Drum Manufacturing PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Metal Drum Manufacturing PCL  (BKK:TMD) 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 Metal Drum Manufacturing PCL Cyclically Adjusted PS Ratio Related Terms


Thai Metal Drum Manufacturing PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thai Metal Drum Manufacturing 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 Metal Drum Manufacturing PCL Cyclically Adjusted PS Ratio Chart

Thai Metal Drum Manufacturing 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 1.76 1.68 1.60 1.61 1.69

Thai Metal Drum Manufacturing 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 1.57 1.60 1.68 1.65 1.66

BKK:TMD vs SW, AMCR, PKG: Cyclically Adjusted PS Ratio Comparison

For the Packaging & Containers subindustry, Thai Metal Drum Manufacturing 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 Metal Drum Manufacturing PCL Cyclically Adjusted PS Ratio vs Packaging & Containers Industry

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

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


BKK:TMD
71GF Score
Thai Metal Drum Manufacturing PCL BKK:TMD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

For example, Thai Metal Drum Manufacturing 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)
=3.239/333.9520*333.9520
=3.239

Current CPI (Jun. 2026) = 333.9520.

Thai Metal Drum Manufacturing PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.163 241.428 4.375
201612 3.216 241.432 4.448
201703 3.639 243.801 4.985
201706 3.198 244.955 4.360
201709 3.194 246.819 4.322
201712 3.289 246.524 4.455
201803 3.341 249.554 4.471
201806 3.152 251.989 4.177
201809 3.385 252.439 4.478
201812 3.590 251.233 4.772
201903 3.576 254.202 4.698
201906 3.230 256.143 4.211
201909 3.466 256.759 4.508
201912 3.270 256.974 4.250
202003 3.272 258.115 4.233
202006 2.642 257.797 3.422
202009 2.646 260.280 3.395
202012 2.832 260.474 3.631
202103 3.360 264.877 4.236
202106 3.502 271.696 4.304
202109 4.189 274.310 5.100
202112 3.871 278.802 4.637
202203 3.965 287.504 4.606
202206 3.911 296.311 4.408
202209 3.768 296.808 4.240
202212 3.253 296.797 3.660
202303 3.163 301.836 3.500
202306 2.836 305.109 3.104
202309 2.978 307.789 3.231
202312 2.936 306.746 3.196
202403 3.079 312.332 3.292
202406 3.107 314.175 3.303
202409 3.303 315.301 3.498
202412 2.808 315.605 2.971
202503 3.199 319.799 3.341
202506 2.970 322.561 3.075
202509 2.850 324.800 2.930
202512 2.918 324.054 3.007
202603 2.915 330.213 2.948
202606 3.239 333.952 3.239

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 Metal Drum Manufacturing PCL (BKK:TMD) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Metal Drum Manufacturing PCL stock appears to be overvalued. The current stock price of ฿27.25 is trading 15% above its estimated GF Value™ of ฿23.69. GuruFocus considers Thai Metal Drum Manufacturing PCL to be Modestly Overvalued.

Key valuation signals for BKK:TMD:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿23.69 vs. price of ฿27.25 (15% above fair value)
  • GF Score™: 71/100 with 3 warning signs

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


Thai Metal Drum Manufacturing PCL Business Description

Address 193/142 Rachadapisek Road, 35th Floor, Lake Rajada Office Complex, Klongtoey, Bangkok, THA, 10110
Thai Metal Drum Manufacturing PCL is a Thailand-based metal drum manufacturing company. The firm is mainly engaged in the manufacturing and distribution of steel drums, plastic products, and the provision of office buildings for rent. Its products include Steel drums, tight-head drums, and open-head drums. The business operating segment includes the Production and Sales of Metal drums, the Production and Sales of Plastic Products, Rental and service income, and Others. The majority of its revenue is generated from the Production and Sales of Metal drums and geographically from Thailand.
71GF Score

Get the complete analysis for BKK:TMD

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

฿27.25
Price
฿23.69
GF Value