Thai O PP PCL (BKK:TOPP) Cyclically Adjusted PS Ratio: 0.42 (As of Jul. 13, 2026) — 28% Below Median


BKK:TOPP Thai O PP PCL BKK:TOPP
66 GF Score
Price ฿133.00
GF Value ฿162.21
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Thai O PP PCL Cyclically Adjusted PS Ratio?

Thai O PP PCL BKK:TOPP 66 Cyclically Adjusted PS Ratio is 0.42 as of Jul. 13, 2026, which is 28% below its 10-year median of 0.58. GuruFocus rates BKK:TOPP with a GF Score™ of 66/100 and a GF Value™ of ฿162.21 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 318 Packaging & Containers companies, Thai O PP PCL ranks better than 66.67% on this metric.

As of today (2026-07-13), Thai O PP PCL's current share price is ฿133.00. Thai O PP PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was ฿316.93. Thai O PP PCL's Cyclically Adjusted PS Ratio for today is 0.42.

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

BKK:TOPP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.58   Max: 1.13
Current: 0.42

During the past years, Thai O PP PCL's highest Cyclically Adjusted PS Ratio was 1.13. The lowest was 0.41. And the median was 0.58.

BKK:TOPP's Cyclically Adjusted PS Ratio is ranked better than
66.67% of 318 companies
in the Packaging & Containers industry
Industry Median: 0.7 vs BKK:TOPP: 0.42

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 O PP PCL's adjusted revenue per share data for the three months ended in Dec. 2025 was ฿65.794. 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 ฿316.93 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai O PP PCL  (BKK:TOPP) 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 O PP PCL Cyclically Adjusted PS Ratio Related Terms


Thai O PP PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thai O PP 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 O PP PCL Cyclically Adjusted PS Ratio Chart

Thai O PP 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 0.58 0.53 0.52 0.53 0.45

Thai O PP PCL 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 0.53 0.49 0.49 0.43 0.45

BKK:TOPP vs SW, PKG, IP: Cyclically Adjusted PS Ratio Comparison

For the Packaging & Containers subindustry, Thai O PP 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 O PP PCL Cyclically Adjusted PS Ratio vs Packaging & Containers Industry

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

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


BKK:TOPP
66GF Score
Thai O PP PCL BKK:TOPP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=133.00/316.93
=0.42

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

For example, Thai O PP PCL'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)
=65.794/324.0540*324.0540
=65.794

Current CPI (Dec. 2025) = 324.0540.

Thai O PP PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 5.981 238.132 8.139
201606 63.051 241.018 84.773
201609 64.502 241.428 86.577
201612 60.657 241.432 81.415
201703 67.150 243.801 89.254
201706 67.079 244.955 88.740
201709 64.709 246.819 84.958
201712 63.891 246.524 83.984
201803 65.803 249.554 85.447
201806 65.811 251.989 84.632
201809 68.145 252.439 87.477
201812 75.980 251.233 98.003
201903 67.017 254.202 85.433
201906 65.091 256.143 82.349
201909 68.245 256.759 86.132
201912 62.645 256.974 78.998
202003 70.828 258.115 88.922
202006 68.392 257.797 85.970
202009 64.944 260.280 80.857
202012 60.387 260.474 75.127
202103 66.134 264.877 80.909
202106 130.206 271.696 155.298
202109 66.506 274.310 78.566
202112 67.132 278.802 78.028
202203 70.478 287.504 79.438
202206 75.739 296.311 82.830
202209 69.747 296.808 76.150
202212 61.796 296.797 67.471
202303 62.469 301.836 67.067
202306 65.529 305.109 69.598
202309 66.800 307.789 70.330
202312 64.093 306.746 67.709
202403 67.208 312.332 69.730
202406 68.042 314.175 70.182
202409 73.083 315.301 75.112
202412 72.572 315.605 74.515
202503 70.211 319.799 71.145
202506 68.654 322.561 68.972
202509 73.475 324.800 73.306
202512 65.794 324.054 65.794

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 0.42 mean?
Thai O PP PCL (BKK:TOPP) has a Cyclically Adjusted PS Ratio of 0.42 as of Jul. 13, 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 O PP PCL and its competitors. This is 28% below median its historical median of 0.58. Over the past decade, Thai O PP PCL's Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.13. According to the industry distribution chart, Thai O PP PCL ranks #106 out of 318 companies in the Packaging & Containers industry, placing it in the top 33.3%.
Is Thai O PP PCL's Cyclically Adjusted PS Ratio too high?
Thai O PP PCL's current Cyclically Adjusted PS Ratio of 0.42 is 28% below median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.13. The Packaging & Containers industry median Cyclically Adjusted PS Ratio is 0.70. Thai O PP PCL's value of 0.42 is 40% below this industry median. Based on the distribution chart, Thai O PP PCL ranks #106 out of 318 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Thai O PP PCL has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai O PP PCL's Cyclically Adjusted PS Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thai O PP PCL ranks #106 out of 318 companies for Cyclically Adjusted PS Ratio. This puts Thai O PP PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Thai O PP PCL's value of 0.42 is 40% below this benchmark. Historically, Thai O PP PCL's own Cyclically Adjusted PS Ratio has ranged from 0.41 to 1.13 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 0.70, Thai O PP 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 Packaging & Containers company?
The median Cyclically Adjusted PS Ratio among Packaging & Containers companies is 0.70, based on 318 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 O PP PCL's current Cyclically Adjusted PS Ratio of 0.42 is 40% 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 Thai O PP PCL and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai O PP PCL's current Cyclically Adjusted PS Ratio is 0.42, which is 28% below median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai O PP PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai O PP PCL (BKK:TOPP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿162.21, compared to a current price of ฿133.00 — trading 18% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.42, which is 28% below median its 10-year median of 0.58 and 40% below the Packaging & Containers industry median of 0.70. Thai O PP PCL's overall GF Score™ is 66/100 with 3 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 O PP PCL (BKK:TOPP), the current Cyclically Adjusted PS Ratio is 0.42 as of Jul. 13, 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 O PP PCL (BKK:TOPP) Overvalued in 2026?

Based on GuruFocus' analysis, Thai O PP PCL stock appears to be undervalued. The current stock price of ฿133.00 is trading 18% below its estimated GF Value™ of ฿162.21. GuruFocus considers Thai O PP PCL to be Modestly Undervalued.

Key valuation signals for BKK:TOPP:

  • Cyclically Adjusted PS Ratio: 0.42 (28% below median its 10-year median of 0.58)
  • GF Value™: ฿162.21 vs. price of ฿133.00 (18% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 40% below the Packaging & Containers median (#106 of 318)

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


Thai O PP PCL Business Description

Address 1741 Chan Road, Thungmahamek, Sathorn, Bangkok, THA, 10120
Thai O PP PCL is a company engaged in the manufacture and distribution of Plastic films, stickers, Laminate tubes, and packaging. The company offers various types of plastic films, such as shrink films, C.P.P. (cast polypropylene) films, metalized films, stretch films for lamination, heat sealable oriented polypropylene (O.P.P.) films, skin vacuum films, and protection films. The segments of the company include Plastic films, stickers, and Tube. The company generates majority of its revenue from the Plastic Films segment.
66GF Score

Get the complete analysis for BKK:TOPP

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

฿133.00
Price
฿162.21
GF Value