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TMT Steel PCLBKK:TMT +1.92%64 Cyclically Adjusted PS Ratio is 0.17 as of Aug. 27, 2026, which is 48% below its 10-year median of 0.33. GuruFocus rates BKK:TMT with a GF Score™ of 64/100 and a GF Value™ of ฿3.47 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 512 Steel companies, TMT Steel PCL ranks better than 80.27% on this metric.
The historical rank and industry rank for TMT Steel PCL's Cyclically Adjusted PS Ratio or its related term are showing as below:
BKK:TMT'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.33 Max: 0.74
Current: 0.18
During the past years, TMT Steel PCL's highest Cyclically Adjusted PS Ratio was 0.74. The lowest was 0.11. And the median was 0.33.
BKK:TMT's Cyclically Adjusted PS Ratio is ranked better than 80.27% of 512
companies
in the Steel industry
Industry Median: 0.45
vs BKK:TMT: 0.18
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.
TMT Steel PCL's adjusted revenue per share data for the three months ended in Jun. 2026 was ฿4.940. 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 ฿25.05 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
TMT Steel PCL (BKK:TMT) 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.
TMT Steel PCL Cyclically Adjusted PS Ratio Related Terms
TMT Steel PCL Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for TMT Steel 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.
BKK:TMT vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison
For the Steel subindustry, TMT Steel 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.
TMT Steel PCL Cyclically Adjusted PS Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, TMT Steel PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where TMT Steel PCL's Cyclically Adjusted PS Ratio falls into.
TMT Steel 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.
TMT Steel PCL's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 0.17 mean?
TMT Steel PCL (BKK:TMT) has a Cyclically Adjusted PS Ratio of 0.17 as of Aug. 27, 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 TMT Steel PCL and its competitors. This is 48% below median its historical median of 0.33. Over the past decade, TMT Steel PCL's Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.74. According to the industry distribution chart, TMT Steel PCL ranks #101 out of 512 companies in the Steel industry, placing it in the top 19.7%.
Is TMT Steel PCL's Cyclically Adjusted PS Ratio too high?
TMT Steel PCL's current Cyclically Adjusted PS Ratio of 0.17 is 48% below median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.74. The Steel industry median Cyclically Adjusted PS Ratio is 0.45. TMT Steel PCL's value of 0.17 is 62.2% below this industry median. Based on the distribution chart, TMT Steel PCL ranks #101 out of 512 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, TMT Steel PCL has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TMT Steel PCL's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, TMT Steel PCL ranks #101 out of 512 companies for Cyclically Adjusted PS Ratio. This places TMT Steel PCL in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.45. TMT Steel PCL's value of 0.17 is 62.2% below this benchmark. Historically, TMT Steel PCL's own Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.74 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.45, TMT Steel 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 Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.45, based on 512 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. TMT Steel PCL's current Cyclically Adjusted PS Ratio of 0.17 is 62.2% 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 TMT Steel PCL and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMT Steel PCL's current Cyclically Adjusted PS Ratio is 0.17, which is 48% below median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TMT Steel PCL stock overvalued right now?
Based on GuruFocus' analysis, TMT Steel PCL (BKK:TMT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿3.47, compared to a current price of ฿4.24 — trading 22.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.17, which is 48% below median its 10-year median of 0.33 and 62.2% below the Steel industry median of 0.45. TMT Steel PCL's overall GF Score™ is 64/100 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 TMT Steel PCL (BKK:TMT), the current Cyclically Adjusted PS Ratio is 0.17 as of Aug. 27, 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 TMT Steel PCL (BKK:TMT) Overvalued in 2026?
Based on GuruFocus' analysis, TMT Steel PCL stock appears to be overvalued.
The current stock price of ฿4.24 is trading 22.2% above its estimated GF Value™ of ฿3.47.
GuruFocus considers TMT Steel PCL to be Modestly Overvalued.
Key valuation signals for BKK:TMT:
Cyclically Adjusted PS Ratio: 0.17 (48% below median its 10-year median of 0.33)
GF Value™: ฿3.47 vs. price of ฿4.24 (22.2% above fair value)
Industry Position: 62.2% below the Steel median (#101 of 512)
No single metric tells the full story. See the BKK:TMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TMT Steel PCL operates as a total steel solutions provider. It is engaged in fabricating and selling structural steel plates and sheets. The company offers flat products, including hot-rolled steel, plate steel, slit steel coil, flat iron, steel pipe, round steel bar, and others. In addition, it also provides steel processing and cold-forming services. Geographically the business activity functions through the region of Thailand.
64GF Score
Get the complete analysis for BKK:TMT
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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