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Thai Oil PCL (BKK:TOP-F) Cyclically Adjusted PS Ratio : 0.09 (As of Jul. 09, 2025)


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What is Thai Oil PCL Cyclically Adjusted PS Ratio?

As of today (2025-07-09), Thai Oil PCL's current share price is ฿27.75. Thai Oil PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ฿293.33. Thai Oil PCL's Cyclically Adjusted PS Ratio for today is 0.09.

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

BKK:TOP-F' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.27   Max: 0.57
Current: 0.13

During the past years, Thai Oil PCL's highest Cyclically Adjusted PS Ratio was 0.57. The lowest was 0.11. And the median was 0.27.

BKK:TOP-F's Cyclically Adjusted PS Ratio is ranked better than
86.42% of 707 companies
in the Oil & Gas industry
Industry Median: 0.87 vs BKK:TOP-F: 0.13

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 Oil PCL's adjusted revenue per share data for the three months ended in Mar. 2025 was ฿47.622. 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 ฿293.33 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Oil PCL Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Thai Oil 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.

* Premium members only.

Thai Oil PCL Cyclically Adjusted PS Ratio Chart

Thai Oil PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.25 0.28 0.26 0.14

Thai Oil PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.29 0.26 0.25 0.14 0.12

Competitive Comparison of Thai Oil PCL's Cyclically Adjusted PS Ratio

For the Oil & Gas Refining & Marketing subindustry, Thai Oil 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 Oil PCL's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Thai Oil PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Thai Oil 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 Oil PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=27.75/293.33
=0.09

* 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 Oil PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Thai Oil PCL's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=47.622/134.9266*134.9266
=47.622

Current CPI (Mar. 2025) = 134.9266.

Thai Oil PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 38.621 100.684 51.756
201509 36.512 100.392 49.072
201512 33.391 99.792 45.147
201603 27.750 100.470 37.267
201606 35.362 101.688 46.921
201609 33.461 101.861 44.323
201612 37.615 101.863 49.825
201703 42.804 102.862 56.147
201706 39.118 103.349 51.070
201709 39.236 104.136 50.837
201712 43.634 104.011 56.603
201803 44.729 105.290 57.319
201806 47.214 106.317 59.919
201809 49.118 106.507 62.224
201812 48.857 105.998 62.191
201903 44.753 107.251 56.302
201906 45.277 108.070 56.529
201909 39.675 108.329 49.416
201912 46.760 108.420 58.192
202003 37.402 108.902 46.340
202006 24.146 108.767 29.953
202009 27.860 109.815 34.231
202012 29.204 109.897 35.855
202103 35.955 111.754 43.410
202106 38.154 114.631 44.909
202109 39.196 115.734 45.696
202112 50.880 117.630 58.362
202203 56.116 121.301 62.419
202206 70.506 125.017 76.095
202209 55.625 125.227 59.934
202212 55.121 125.222 59.393
202303 51.936 127.348 55.027
202306 48.549 128.729 50.886
202309 53.597 129.860 55.688
202312 51.530 129.419 53.723
202403 51.050 131.776 52.270
202406 53.491 132.554 54.449
202409 49.298 133.029 50.001
202412 50.083 133.157 50.749
202503 47.622 134.927 47.622

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.


Thai Oil PCL  (BKK:TOP-F) 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 Oil PCL Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Thai Oil PCL's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Thai Oil PCL Business Description

Industry
Address
Vibhavadi Rangsit Road, 555/1 Energy Complex, 11th Floor, Building A, Chatuchak Subdistrict, Chatuchak District, Bangkok, THA, 10900
Thai Oil PCL operates an integrated business in oil refining and petrochemicals. Along with oil refinery and distributions, the company has also expanded into other related businesses including petrochemicals-aromatics and olefin chain, lube base oil, etc. In addition, there are also ethanol and supporting businesses such as pipeline transportation, ethanol, recruitment services for Thaioil and subsidiaries, as well as treasury center to enhance Thaioil and subsidiaries. Along with its subsidiaries, the company operates in the following reportable segments; Oil refinery, which derives key revenue, Lube base oil refinery, Aromatics and LAB, Solvent, Power generation, Ethanol, Olefins, and Others. Geographically, it derives key revenue from Thailand, followed by Indonesia and other regions.

Thai Oil PCL Headlines

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