Thai Polycons PCL (BKK:TPOLY) Cyclically Adjusted PS Ratio: 0.01 (As of Jul. 29, 2026) — 96% Below Median

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What is Thai Polycons PCL Cyclically Adjusted PS Ratio?

Thai Polycons PCL BKK:TPOLY Cyclically Adjusted PS Ratio is 0.01 as of Jul. 29, 2026, which is 96% below its 10-year median of 0.23. The stock has 4 warning signs investors should review. Among 1,357 Construction companies, Thai Polycons PCL ranks better than 99.93% on this metric.

As of today (2026-07-29), Thai Polycons PCL's current share price is ฿0.10. Thai Polycons PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿8.14. Thai Polycons PCL's Cyclically Adjusted PS Ratio for today is 0.01.

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

BKK:TPOLY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.23   Max: 0.58
Current: 0.01

During the past years, Thai Polycons PCL's highest Cyclically Adjusted PS Ratio was 0.58. The lowest was 0.01. And the median was 0.23.

BKK:TPOLY's Cyclically Adjusted PS Ratio is ranked better than
99.93% of 1357 companies
in the Construction industry
Industry Median: 0.7 vs BKK:TPOLY: 0.01

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 Polycons PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿1.330. 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 ฿8.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Polycons PCL  (BKK:TPOLY) 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 Polycons PCL Cyclically Adjusted PS Ratio Related Terms


Thai Polycons PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

Thai Polycons 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 0.31 0.19 0.08 0.08 0.03

Thai Polycons 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 0.05 0.05 0.06 0.03 0.02

BKK:TPOLY vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Thai Polycons 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 Polycons PCL Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Thai Polycons PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.10/8.14
=0.01

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

For example, Thai Polycons 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)
=1.33/330.2130*330.2130
=1.330

Current CPI (Mar. 2026) = 330.2130.

Thai Polycons PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.972 241.018 1.332
201609 1.118 241.428 1.529
201612 1.421 241.432 1.944
201703 1.513 243.801 2.049
201706 1.229 244.955 1.657
201709 1.468 246.819 1.964
201712 1.629 246.524 2.182
201803 1.440 249.554 1.905
201806 1.426 251.989 1.869
201809 1.580 252.439 2.067
201812 1.469 251.233 1.931
201903 1.357 254.202 1.763
201906 1.514 256.143 1.952
201909 1.900 256.759 2.444
201912 1.859 256.974 2.389
202003 1.645 258.115 2.104
202006 1.709 257.797 2.189
202009 1.728 260.280 2.192
202012 1.857 260.474 2.354
202103 1.766 264.877 2.202
202106 1.971 271.696 2.396
202109 1.981 274.310 2.385
202112 1.867 278.802 2.211
202203 1.965 287.504 2.257
202206 2.097 296.311 2.337
202209 2.360 296.808 2.626
202212 2.358 296.797 2.623
202303 3.340 301.836 3.654
202306 2.621 305.109 2.837
202309 2.643 307.789 2.836
202312 1.873 306.746 2.016
202403 1.552 312.332 1.641
202406 1.353 314.175 1.422
202409 1.409 315.301 1.476
202412 1.364 315.605 1.427
202503 1.551 319.799 1.602
202506 1.427 322.561 1.461
202509 1.423 324.800 1.447
202512 1.405 324.054 1.432
202603 1.330 330.213 1.330

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 0.01 mean?
Thai Polycons PCL (BKK:TPOLY) has a Cyclically Adjusted PS Ratio of 0.01 as of Jul. 29, 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 Polycons PCL and its competitors. This is 96% below median its historical median of 0.23. Over the past decade, Thai Polycons PCL's Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.58. According to the industry distribution chart, Thai Polycons PCL ranks #1 out of 1357 companies in the Construction industry, placing it in the top 0.099999999999994%.
Is Thai Polycons PCL's Cyclically Adjusted PS Ratio too high?
Thai Polycons PCL's current Cyclically Adjusted PS Ratio of 0.01 is 96% below median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.58. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Thai Polycons PCL's value of 0.01 is 98.6% below this industry median. Based on the distribution chart, Thai Polycons PCL ranks #1 out of 1357 companies in the Construction industry, which is in the top quartile — a strong position relative to peers.
How does Thai Polycons PCL's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Thai Polycons PCL ranks #1 out of 1357 companies for Cyclically Adjusted PS Ratio. This places Thai Polycons PCL in the top 0% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.70. Thai Polycons PCL's value of 0.01 is 98.6% below this benchmark. Historically, Thai Polycons PCL's own Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.58 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.70, Thai Polycons 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,357 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 Polycons PCL's current Cyclically Adjusted PS Ratio of 0.01 is 98.6% 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 Polycons PCL and its competitors. For the Construction 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 Polycons PCL's current Cyclically Adjusted PS Ratio is 0.01, which is 96% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Polycons PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Polycons PCL (BKK:TPOLY) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.43, compared to a current price of ฿0.10 — trading 76.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.01, which is 96% below median its 10-year median of 0.23 and 98.6% below the Construction industry median of 0.70. 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 Polycons PCL (BKK:TPOLY), the current Cyclically Adjusted PS Ratio is 0.01 as of Jul. 29, 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.

Thai Polycons PCL Business Description

Address Prasertmanukit Road, 2, 4 Prasertmanukit Soi 29 Yeak 8, Chaorakhebua, Ladprao, Ladprao, Bangkok, THA, 10230
Thai Polycons PCL is engaged in construction contractor business. The company's segments include Construction contractor; Electricity current selling; Sale of biogas; Real estate Selling; and Sales and service. The majority of the revenue is derived from Construction contractor segment.