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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 Rayon PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿10.245. 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 ฿52.67 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Thai Rayon PCL (BKK:TR) 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 Rayon PCL Cyclically Adjusted PS Ratio Related Terms
Thai Rayon PCL Cyclically Adjusted PS Ratio Historical Data
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The historical data trend for Thai Rayon 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 Rayon PCL Cyclically Adjusted PS Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Thai Rayon 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 Rayon PCL Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Rayon PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Thai Rayon PCL's Cyclically Adjusted PS Ratio falls into.
Thai Rayon 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 Rayon PCL's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 0.50 mean?
Thai Rayon PCL (BKK:TR) has a Cyclically Adjusted PS Ratio of 0.50 as of Aug. 04, 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 Rayon PCL and its competitors. This is 33% below median its historical median of 0.75. Over the past decade, Thai Rayon PCL's Cyclically Adjusted PS Ratio has ranged from 0.39 to 1.14.
Is Thai Rayon PCL's Cyclically Adjusted PS Ratio too high?
Thai Rayon PCL's current Cyclically Adjusted PS Ratio of 0.50 is 33% below median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.14. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.64. Thai Rayon PCL's value of 0.50 is 21.9% below this industry median. Overall, Thai Rayon PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Thai Rayon PCL's Cyclically Adjusted PS Ratio compare to competitors?
Thai Rayon PCL's Cyclically Adjusted PS Ratio of 0.50 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Cyclically Adjusted PS Ratio is 0.64. Thai Rayon PCL's value of 0.50 is 21.9% below this benchmark. Historically, Thai Rayon PCL's own Cyclically Adjusted PS Ratio has ranged from 0.39 to 1.14 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.64, Thai Rayon 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PS Ratio among Manufacturing - Apparel & Accessories companies is 0.64, based on 886 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 Rayon PCL's current Cyclically Adjusted PS Ratio of 0.50 is 21.9% 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 Rayon PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PS Ratio is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Rayon PCL's current Cyclically Adjusted PS Ratio is 0.50, which is 33% below median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Rayon PCL stock overvalued right now?
Thai Rayon PCL (BKK:TR) has a current Cyclically Adjusted PS Ratio of 0.50. The stock's GF Value™ is ฿42.77, compared to a current price of ฿26.25 — trading 38.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.50, which is 33% below median its 10-year median of 0.75 and 21.9% below the Manufacturing - Apparel & Accessories industry median of 0.64. Thai Rayon PCL's overall GF Score™ is 12/100 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 Thai Rayon PCL (BKK:TR), the current Cyclically Adjusted PS Ratio is 0.50 as of Aug. 04, 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 Rayon PCL (BKK:TR) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Rayon PCL stock appears to be undervalued.
The current stock price of ฿26.25 is trading 38.6% below its estimated GF Value™ of ฿42.77.
Key valuation signals for BKK:TR:
Cyclically Adjusted PS Ratio: 0.50 (33% below median its 10-year median of 0.75)
GF Value™: ฿42.77 vs. price of ฿26.25 (38.6% below fair value)
Industry Position: 21.9% below the Manufacturing - Apparel & Accessories median
No single metric tells the full story. See the BKK:TR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Rayon PCL is a company based in Thailand that mainly manufactures viscose rayon staple fiber and anhydrous sodium sulphate for sale in domestic and export markets. The company also produces anhydrous sodium sulphate as a by-product, which is widely used in Thailand by detergent, pulp, glass, leather, and textile industries. Thai Rayon has made investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as various diversification projects in Thailand and overseas. The company's operations focus on a single industry segment, which is the manufacturing and distribution of viscose rayon staple fiber and by-products for both domestic and export markets.
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