T S Flour Mill PCL (BKK:TMILL) Cyclically Adjusted PS Ratio: 0.56 (As of Aug. 15, 2026) — 26% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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:TMILL T S Flour Mill PCL BKK:TMILL
78 GF Score
Price ฿2.70
GF Value ฿2.64
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is T S Flour Mill PCL Cyclically Adjusted PS Ratio?

T S Flour Mill PCL BKK:TMILL -0.74% 78 Cyclically Adjusted PS Ratio is 0.56 as of Aug. 15, 2026, which is 26% below its 10-year median of 0.76. GuruFocus rates BKK:TMILL with a GF Score™ of 78/100 and a GF Value™ of ฿2.64 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,447 Consumer Packaged Goods companies, T S Flour Mill PCL ranks better than 59.78% on this metric.

As of today (2026-08-15), T S Flour Mill PCL's current share price is ฿2.70. T S Flour Mill PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿4.78. T S Flour Mill PCL's Cyclically Adjusted PS Ratio for today is 0.56.

The historical rank and industry rank for T S Flour Mill PCL's Cyclically Adjusted PS Ratio or its related term are showing as below:

BKK:TMILL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.76   Max: 1.09
Current: 0.56

During the past years, T S Flour Mill PCL's highest Cyclically Adjusted PS Ratio was 1.09. The lowest was 0.01. And the median was 0.76.

BKK:TMILL's Cyclically Adjusted PS Ratio is ranked better than
59.78% of 1447 companies
in the Consumer Packaged Goods industry
Industry Median: 0.76 vs BKK:TMILL: 0.56

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.

T S Flour Mill PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.964. 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 ฿4.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


T S Flour Mill PCL  (BKK:TMILL) 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.


T S Flour Mill PCL Cyclically Adjusted PS Ratio Related Terms


T S Flour Mill PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for T S Flour Mill 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.

T S Flour Mill PCL Cyclically Adjusted PS Ratio Chart

T S Flour Mill 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 0.92 0.88 0.83 0.63 0.45

T S Flour Mill 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 0.36 0.41 0.46 0.45 0.44

BKK:TMILL vs ADM, BG, TSN: Cyclically Adjusted PS Ratio Comparison

For the Farm Products subindustry, T S Flour Mill 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.


T S Flour Mill PCL Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, T S Flour Mill PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where T S Flour Mill PCL's Cyclically Adjusted PS Ratio falls into.


BKK:TMILL
78GF Score
T S Flour Mill PCL BKK:TMILL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

T S Flour Mill 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.

T S Flour Mill PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.70/4.78
=0.56

* 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.

T S Flour Mill PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, T S Flour Mill 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)
=0.964/330.2130*330.2130
=0.964

Current CPI (Mar. 2026) = 330.2130.

T S Flour Mill PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.903 241.018 1.237
201609 0.983 241.428 1.344
201612 0.954 241.432 1.305
201703 0.918 243.801 1.243
201706 0.933 244.955 1.258
201709 0.859 246.819 1.149
201712 0.810 246.524 1.085
201803 0.957 249.554 1.266
201806 0.971 251.989 1.272
201809 0.942 252.439 1.232
201812 0.862 251.233 1.133
201903 0.955 254.202 1.241
201906 0.891 256.143 1.149
201909 0.912 256.759 1.173
201912 0.945 256.974 1.214
202003 0.931 258.115 1.191
202006 0.855 257.797 1.095
202009 0.877 260.280 1.113
202012 1.011 260.474 1.282
202103 0.978 264.877 1.219
202106 0.938 271.696 1.140
202109 0.832 274.310 1.002
202112 0.973 278.802 1.152
202203 1.023 287.504 1.175
202206 1.244 296.311 1.386
202209 1.318 296.808 1.466
202212 1.288 296.797 1.433
202303 1.213 301.836 1.327
202306 1.158 305.109 1.253
202309 1.267 307.789 1.359
202312 1.103 306.746 1.187
202403 1.094 312.332 1.157
202406 1.439 314.175 1.512
202409 0.975 315.301 1.021
202412 1.051 315.605 1.100
202503 1.040 319.799 1.074
202506 0.876 322.561 0.897
202509 0.973 324.800 0.989
202512 1.000 324.054 1.019
202603 0.964 330.213 0.964

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 0.56 mean?
T S Flour Mill PCL (BKK:TMILL) has a Cyclically Adjusted PS Ratio of 0.56 as of Aug. 15, 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 T S Flour Mill PCL and its competitors. This is 26% below median its historical median of 0.76. Over the past decade, T S Flour Mill PCL's Cyclically Adjusted PS Ratio has ranged from 0.01 to 1.09. According to the industry distribution chart, T S Flour Mill PCL ranks #582 out of 1447 companies in the Consumer Packaged Goods industry, placing it in the top 40.2%.
Is T S Flour Mill PCL's Cyclically Adjusted PS Ratio too high?
T S Flour Mill PCL's current Cyclically Adjusted PS Ratio of 0.56 is 26% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 1.09. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.76. T S Flour Mill PCL's value of 0.56 is 26.3% below this industry median. Based on the distribution chart, T S Flour Mill PCL ranks #582 out of 1447 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, T S Flour Mill PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does T S Flour Mill PCL's Cyclically Adjusted PS Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, T S Flour Mill PCL ranks #582 out of 1447 companies for Cyclically Adjusted PS Ratio. This puts T S Flour Mill PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. T S Flour Mill PCL's value of 0.56 is 26.3% below this benchmark. Historically, T S Flour Mill PCL's own Cyclically Adjusted PS Ratio has ranged from 0.01 to 1.09 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.76, T S Flour Mill 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.76, based on 1,447 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. T S Flour Mill PCL's current Cyclically Adjusted PS Ratio of 0.56 is 26.3% 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 T S Flour Mill PCL and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T S Flour Mill PCL's current Cyclically Adjusted PS Ratio is 0.56, which is 26% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T S Flour Mill PCL stock overvalued right now?
Based on GuruFocus' analysis, T S Flour Mill PCL (BKK:TMILL) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.64, compared to a current price of ฿2.70 — trading 2.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.56, which is 26% below median its 10-year median of 0.76 and 26.3% below the Consumer Packaged Goods industry median of 0.76. T S Flour Mill PCL's overall GF Score™ is 78/100 with 7 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 T S Flour Mill PCL (BKK:TMILL), the current Cyclically Adjusted PS Ratio is 0.56 as of Aug. 15, 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 T S Flour Mill PCL (BKK:TMILL) Overvalued in 2026?

Based on GuruFocus' analysis, T S Flour Mill PCL stock appears to be overvalued. The current stock price of ฿2.70 is trading 2.3% above its estimated GF Value™ of ฿2.64. GuruFocus considers T S Flour Mill PCL to be Fairly Valued.

Key valuation signals for BKK:TMILL:

  • Cyclically Adjusted PS Ratio: 0.56 (26% below median its 10-year median of 0.76)
  • GF Value™: ฿2.64 vs. price of ฿2.70 (2.3% above fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 26.3% below the Consumer Packaged Goods median (#582 of 1447)

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


T S Flour Mill PCL Business Description

Address Poochaosamingphrai Road, 90/9 Moo 1, Soi Siamsilo, Tambon Samrongklang, Ampher Phrapradaeng, Samutprakarn, THA, 10130
T S Flour Mill PCL is a Thailand-based company engaged in the production and distribution of wheat flour. The company's product includes flour of different kinds such as Bread flour, Fresh noodle flour, Instant noodle flour, Biscuit flour, Cake flour, Steamed bun flour, Dough stick flour, patangko flour as well as all-purpose flour. The majority of the operation of the company is solely made in Thailand.
78GF Score

Get the complete analysis for BKK:TMILL

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

฿2.70
Price
฿2.64
GF Value