TPC Power Holding PCL (BKK:TPCH) Cyclically Adjusted PS Ratio: 0.24 (As of Jul. 31, 2026) — 82% Below Median

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BKK:TPCH TPC Power Holding PCL BKK:TPCH
59 GF Score
Price ฿1.40
GF Value ฿4.43
Valuation Possible Value Trap
! 5 Warning Signs
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What is TPC Power Holding PCL Cyclically Adjusted PS Ratio?

TPC Power Holding PCL BKK:TPCH 59 Cyclically Adjusted PS Ratio is 0.24 as of Jul. 31, 2026, which is 82% below its 10-year median of 1.32. GuruFocus rates BKK:TPCH with a GF Score™ of 59/100 and a GF Value™ of ฿4.43 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 270 Utilities - Independent Power Producers companies, TPC Power Holding PCL ranks better than 86.3% on this metric.

As of today (2026-07-31), TPC Power Holding PCL's current share price is ฿1.40. TPC Power Holding PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿5.74. TPC Power Holding PCL's Cyclically Adjusted PS Ratio for today is 0.24.

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

BKK:TPCH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.22   Med: 1.32   Max: 2.22
Current: 0.25

During the past years, TPC Power Holding PCL's highest Cyclically Adjusted PS Ratio was 2.22. The lowest was 0.22. And the median was 1.32.

BKK:TPCH's Cyclically Adjusted PS Ratio is ranked better than
86.3% of 270 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.69 vs BKK:TPCH: 0.25

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.

TPC Power Holding PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿1.410. 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 ฿5.74 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TPC Power Holding PCL  (BKK:TPCH) 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.


TPC Power Holding PCL Cyclically Adjusted PS Ratio Related Terms


TPC Power Holding PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TPC Power Holding 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.

TPC Power Holding PCL Cyclically Adjusted PS Ratio Chart

TPC Power Holding 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 0.00 2.00 1.38 0.98 0.23

TPC Power Holding 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 0.59 0.51 0.52 0.23 0.32

TPC Power Holding PCL Cyclically Adjusted PS Ratio Competitor Comparison

For the Utilities - Renewable subindustry, TPC Power Holding 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.


TPC Power Holding PCL Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, TPC Power Holding PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where TPC Power Holding PCL's Cyclically Adjusted PS Ratio falls into.


BKK:TPCH
59GF Score
TPC Power Holding PCL BKK:TPCH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TPC Power Holding 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.

TPC Power Holding PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.40/5.74
=0.24

* 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.

TPC Power Holding PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, TPC Power Holding 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)
=1.41/330.2130*330.2130
=1.410

Current CPI (Mar. 2026) = 330.2130.

TPC Power Holding PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.376 241.018 0.515
201609 0.387 241.428 0.529
201612 0.584 241.432 0.799
201703 0.588 243.801 0.796
201706 0.598 244.955 0.806
201709 0.736 246.819 0.985
201712 0.801 246.524 1.073
201803 0.854 249.554 1.130
201806 0.985 251.989 1.291
201809 1.003 252.439 1.312
201812 1.046 251.233 1.375
201903 0.978 254.202 1.270
201906 1.028 256.143 1.325
201909 1.062 256.759 1.366
201912 1.025 256.974 1.317
202003 0.980 258.115 1.254
202006 1.094 257.797 1.401
202009 1.179 260.280 1.496
202012 1.176 260.474 1.491
202103 1.411 264.877 1.759
202106 1.602 271.696 1.947
202109 1.646 274.310 1.981
202112 1.496 278.802 1.772
202203 1.559 287.504 1.791
202206 1.529 296.311 1.704
202209 1.796 296.808 1.998
202212 1.715 296.797 1.908
202303 1.960 301.836 2.144
202306 1.644 305.109 1.779
202309 1.953 307.789 2.095
202312 1.550 306.746 1.669
202403 1.502 312.332 1.588
202406 1.453 314.175 1.527
202409 1.502 315.301 1.573
202412 1.439 315.605 1.506
202503 1.503 319.799 1.552
202506 1.326 322.561 1.357
202509 1.303 324.800 1.325
202512 1.448 324.054 1.476
202603 1.410 330.213 1.410

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 0.24 mean?
TPC Power Holding PCL (BKK:TPCH) has a Cyclically Adjusted PS Ratio of 0.24 as of Jul. 31, 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 TPC Power Holding PCL and its competitors. This is 82% below median its historical median of 1.32. Over the past decade, TPC Power Holding PCL's Cyclically Adjusted PS Ratio has ranged from 0.22 to 2.22. According to the industry distribution chart, TPC Power Holding PCL ranks #37 out of 270 companies in the Utilities - Independent Power Producers industry, placing it in the top 13.7%.
Is TPC Power Holding PCL's Cyclically Adjusted PS Ratio too high?
TPC Power Holding PCL's current Cyclically Adjusted PS Ratio of 0.24 is 82% below median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 2.22. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.69. TPC Power Holding PCL's value of 0.24 is 85.8% below this industry median. Based on the distribution chart, TPC Power Holding PCL ranks #37 out of 270 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, TPC Power Holding PCL has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TPC Power Holding PCL's Cyclically Adjusted PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, TPC Power Holding PCL ranks #37 out of 270 companies for Cyclically Adjusted PS Ratio. This places TPC Power Holding PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.69. TPC Power Holding PCL's value of 0.24 is 85.8% below this benchmark. Historically, TPC Power Holding PCL's own Cyclically Adjusted PS Ratio has ranged from 0.22 to 2.22 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.69, TPC Power Holding 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.69, based on 270 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. TPC Power Holding PCL's current Cyclically Adjusted PS Ratio of 0.24 is 85.8% 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 TPC Power Holding PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TPC Power Holding PCL's current Cyclically Adjusted PS Ratio is 0.24, which is 82% below median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPC Power Holding PCL stock overvalued right now?
Based on GuruFocus' analysis, TPC Power Holding PCL (BKK:TPCH) is currently considered Possible Value Trap. The stock's GF Value™ is ฿4.43, compared to a current price of ฿1.40 — trading 68.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.24, which is 82% below median its 10-year median of 1.32 and 85.8% below the Utilities - Independent Power Producers industry median of 1.69. TPC Power Holding PCL's overall GF Score™ is 59/100 with 5 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 TPC Power Holding PCL (BKK:TPCH), the current Cyclically Adjusted PS Ratio is 0.24 as of Jul. 31, 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 TPC Power Holding PCL (BKK:TPCH) Overvalued in 2026?

Based on GuruFocus' analysis, TPC Power Holding PCL stock appears to be undervalued. The current stock price of ฿1.40 is trading 68.4% below its estimated GF Value™ of ฿4.43. GuruFocus considers TPC Power Holding PCL to be Possible Value Trap.

Key valuation signals for BKK:TPCH:

  • Cyclically Adjusted PS Ratio: 0.24 (82% below median its 10-year median of 1.32)
  • GF Value™: ฿4.43 vs. price of ฿1.40 (68.4% below fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 85.8% below the Utilities - Independent Power Producers median (#37 of 270)

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


TPC Power Holding PCL Business Description

Address Prasertmanukit Road, 4/2Prasertmanukit Soi 29 Yeak 8, Chaorakhaebua, Ladprao, Bangkok, THA, 10230
TPC Power Holding PCL, along with its subsidiaries, is engaged in the business of generating and distributing electricity from various types of renewable energy sources and providing related support services. Its projects consist of the biomass power plant and other renewable power plants. The company operates in two divisions: Sale of electricity current and Sale of biogas. The majority of its revenue is generated from the sale of electricity current.
59GF Score

Get the complete analysis for BKK:TPCH

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

฿1.40
Price
฿4.43
GF Value