Tpi Polene PCL (BKK:TPIPL) Cyclically Adjusted PS Ratio: 0.36 (As of Jul. 16, 2026) — 57% Below Median

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BKK:TPIPL Tpi Polene PCL BKK:TPIPL
67 GF Score
Price ฿0.81
GF Value ฿1.13
Valuation Modestly Undervalued
! 11 Warning Signs
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What is Tpi Polene PCL Cyclically Adjusted PS Ratio?

Tpi Polene PCL BKK:TPIPL 67 Cyclically Adjusted PS Ratio is 0.36 as of Jul. 16, 2026, which is 57% below its 10-year median of 0.83. GuruFocus rates BKK:TPIPL with a GF Score™ of 67/100 and a GF Value™ of ฿1.13 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 323 Building Materials companies, Tpi Polene PCL ranks better than 77.4% on this metric.

As of today (2026-07-16), Tpi Polene PCL's current share price is ฿0.81. Tpi Polene PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿2.26. Tpi Polene PCL's Cyclically Adjusted PS Ratio for today is 0.36.

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

BKK:TPIPL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.83   Max: 1.49
Current: 0.36

During the past years, Tpi Polene PCL's highest Cyclically Adjusted PS Ratio was 1.49. The lowest was 0.30. And the median was 0.83.

BKK:TPIPL's Cyclically Adjusted PS Ratio is ranked better than
77.4% of 323 companies
in the Building Materials industry
Industry Median: 1.03 vs BKK:TPIPL: 0.36

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.

Tpi Polene PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.508. 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 ฿2.26 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tpi Polene PCL  (BKK:TPIPL) 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.


Tpi Polene PCL Cyclically Adjusted PS Ratio Related Terms


Tpi Polene PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tpi Polene 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.

Tpi Polene PCL Cyclically Adjusted PS Ratio Chart

Tpi Polene 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 0.96 0.92 0.66 0.50 0.31

Tpi Polene 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 0.44 0.37 0.34 0.31 0.31

BKK:TPIPL vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Tpi Polene 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.


Tpi Polene PCL Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tpi Polene PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:TPIPL
67GF Score
Tpi Polene PCL BKK:TPIPL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tpi Polene 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.

Tpi Polene PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.81/2.26
=0.36

* 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.

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

For example, Tpi Polene 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)
=0.508/330.2130*330.2130
=0.508

Current CPI (Mar. 2026) = 330.2130.

Tpi Polene PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.360 241.018 0.493
201609 0.350 241.428 0.479
201612 0.357 241.432 0.488
201703 0.389 243.801 0.527
201706 0.360 244.955 0.485
201709 0.365 246.819 0.488
201712 0.343 246.524 0.459
201803 0.401 249.554 0.531
201806 0.418 251.989 0.548
201809 0.449 252.439 0.587
201812 0.485 251.233 0.637
201903 0.482 254.202 0.626
201906 0.502 256.143 0.647
201909 0.451 256.759 0.580
201912 0.496 256.974 0.637
202003 0.482 258.115 0.617
202006 0.421 257.797 0.539
202009 0.441 260.280 0.559
202012 0.458 260.474 0.581
202103 0.474 264.877 0.591
202106 0.542 271.696 0.659
202109 0.470 274.310 0.566
202112 0.551 278.802 0.653
202203 0.656 287.504 0.753
202206 0.658 296.311 0.733
202209 0.660 296.808 0.734
202212 0.565 296.797 0.629
202303 0.594 301.836 0.650
202306 0.604 305.109 0.654
202309 0.569 307.789 0.610
202312 0.490 306.746 0.527
202403 0.476 312.332 0.503
202406 0.461 314.175 0.485
202409 0.489 315.301 0.512
202412 0.466 315.605 0.488
202503 0.504 319.799 0.520
202506 0.466 322.561 0.477
202509 0.433 324.800 0.440
202512 0.429 324.054 0.437
202603 0.508 330.213 0.508

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 0.36 mean?
Tpi Polene PCL (BKK:TPIPL) has a Cyclically Adjusted PS Ratio of 0.36 as of Jul. 16, 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 Tpi Polene PCL and its competitors. This is 57% below median its historical median of 0.83. Over the past decade, Tpi Polene PCL's Cyclically Adjusted PS Ratio has ranged from 0.30 to 1.49. According to the industry distribution chart, Tpi Polene PCL ranks #73 out of 323 companies in the Building Materials industry, placing it in the top 22.6%.
Is Tpi Polene PCL's Cyclically Adjusted PS Ratio too high?
Tpi Polene PCL's current Cyclically Adjusted PS Ratio of 0.36 is 57% below median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.49. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.03. Tpi Polene PCL's value of 0.36 is 65% below this industry median. Based on the distribution chart, Tpi Polene PCL ranks #73 out of 323 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Tpi Polene PCL has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tpi Polene PCL's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Tpi Polene PCL ranks #73 out of 323 companies for Cyclically Adjusted PS Ratio. This places Tpi Polene PCL in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.03. Tpi Polene PCL's value of 0.36 is 65% below this benchmark. Historically, Tpi Polene PCL's own Cyclically Adjusted PS Ratio has ranged from 0.30 to 1.49 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 1.03, Tpi Polene 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 Building Materials company?
The median Cyclically Adjusted PS Ratio among Building Materials companies is 1.03, based on 323 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. Tpi Polene PCL's current Cyclically Adjusted PS Ratio of 0.36 is 65% 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 Tpi Polene PCL and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tpi Polene PCL's current Cyclically Adjusted PS Ratio is 0.36, which is 57% below median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tpi Polene PCL stock overvalued right now?
Based on GuruFocus' analysis, Tpi Polene PCL (BKK:TPIPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.13, compared to a current price of ฿0.81 — trading 28.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.36, which is 57% below median its 10-year median of 0.83 and 65% below the Building Materials industry median of 1.03. Tpi Polene PCL's overall GF Score™ is 67/100 with 11 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 Tpi Polene PCL (BKK:TPIPL), the current Cyclically Adjusted PS Ratio is 0.36 as of Jul. 16, 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 Tpi Polene PCL (BKK:TPIPL) Overvalued in 2026?

Based on GuruFocus' analysis, Tpi Polene PCL stock appears to be undervalued. The current stock price of ฿0.81 is trading 28.3% below its estimated GF Value™ of ฿1.13. GuruFocus considers Tpi Polene PCL to be Modestly Undervalued.

Key valuation signals for BKK:TPIPL:

  • Cyclically Adjusted PS Ratio: 0.36 (57% below median its 10-year median of 0.83)
  • GF Value™: ฿1.13 vs. price of ฿0.81 (28.3% below fair value)
  • GF Score™: 67/100 with 11 warning signs
  • Industry Position: 65% below the Building Materials median (#73 of 323)

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


Tpi Polene PCL Business Description

Other Exchanges NVP6:Germany
Address Chan Tat Mai Road, 26/56, TPI Tower, Tungmahamek, Sathorn, Bangkok, THA, 10120
Tpi Polene PCL is a producer and distributor of cement, clinker, and ready-mixed cement products in Thailand under the TPI Polene brand. The company's offerings include cement, mortar, low-density polyethylene plastics resin, ethylene vinyl acetate, solar cell encapsulants, concrete and concrete tiles, and fiber cement, among others. The company has four reportable segments: Construction Materials, Petrochemical & Chemicals, Energy & Utilities, and Agriculture. The majority of its revenue is generated from the Construction Materials segment. Geographically, it derives maximum revenue from Thailand and the rest from China, Bangladesh, Australia, India, Philippines, and other regions.
67GF Score

Get the complete analysis for BKK:TPIPL

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

฿0.81
Price
฿1.13
GF Value