Thoresen Thai Agencies PCL (BKK:TTA) Cyclically Adjusted PS Ratio: 0.44 (As of Aug. 21, 2026) — Near Median

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BKK:TTA Thoresen Thai Agencies PCL BKK:TTA
70 GF Score
Price ฿6.00
GF Value ฿4.72
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Thoresen Thai Agencies PCL Cyclically Adjusted PS Ratio?

Thoresen Thai Agencies PCL BKK:TTA +2.56% 70 Cyclically Adjusted PS Ratio is 0.44 as of Aug. 21, 2026, which is 4% below its 10-year median of 0.46. GuruFocus rates BKK:TTA with a GF Score™ of 70/100 and a GF Value™ of ฿4.72 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 460 Conglomerates companies, Thoresen Thai Agencies PCL ranks better than 67.61% on this metric.

As of today (2026-08-21), Thoresen Thai Agencies PCL's current share price is ฿6.00. Thoresen Thai Agencies PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ฿13.55. Thoresen Thai Agencies PCL's Cyclically Adjusted PS Ratio for today is 0.44.

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

BKK:TTA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.46   Max: 1.35
Current: 0.43

During the past years, Thoresen Thai Agencies PCL's highest Cyclically Adjusted PS Ratio was 1.35. The lowest was 0.13. And the median was 0.46.

BKK:TTA's Cyclically Adjusted PS Ratio is ranked better than
67.61% of 460 companies
in the Conglomerates industry
Industry Median: 0.78 vs BKK:TTA: 0.43

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.

Thoresen Thai Agencies PCL's adjusted revenue per share data for the three months ended in Jun. 2026 was ฿3.162. 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 ฿13.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thoresen Thai Agencies PCL  (BKK:TTA) 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.


Thoresen Thai Agencies PCL Cyclically Adjusted PS Ratio Related Terms


Thoresen Thai Agencies PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thoresen Thai Agencies 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.

Thoresen Thai Agencies PCL Cyclically Adjusted PS Ratio Chart

Thoresen Thai Agencies 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 0.71 0.62 0.50 0.40 0.33

Thoresen Thai Agencies PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.30 0.36 0.33 0.37 0.35

BKK:TTA vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Thoresen Thai Agencies 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.


Thoresen Thai Agencies PCL Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


BKK:TTA
70GF Score
Thoresen Thai Agencies PCL BKK:TTA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thoresen Thai Agencies 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.00/13.55
=0.44

* 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.

Thoresen Thai Agencies PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Thoresen Thai Agencies PCL's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.162/333.9520*333.9520
=3.162

Current CPI (Jun. 2026) = 333.9520.

Thoresen Thai Agencies PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.962 241.428 2.714
201612 1.974 241.432 2.730
201703 1.703 243.801 2.333
201706 1.974 244.955 2.691
201709 1.726 246.819 2.335
201712 1.946 246.524 2.636
201803 1.707 249.554 2.284
201806 1.858 251.989 2.462
201809 1.945 252.439 2.573
201812 2.142 251.233 2.847
201903 2.034 254.202 2.672
201906 2.019 256.143 2.632
201909 2.133 256.759 2.774
201912 2.279 256.974 2.962
202003 1.808 258.115 2.339
202006 1.593 257.797 2.064
202009 1.779 260.280 2.283
202012 1.825 260.474 2.340
202103 1.892 264.877 2.385
202106 2.813 271.696 3.458
202109 3.279 274.310 3.992
202112 4.174 278.802 5.000
202203 3.311 287.504 3.846
202206 4.458 296.311 5.024
202209 4.402 296.808 4.953
202212 3.908 296.797 4.397
202303 2.615 301.836 2.893
202306 3.335 305.109 3.650
202309 3.680 307.789 3.993
202312 3.630 306.746 3.952
202403 3.566 312.332 3.813
202406 5.226 314.175 5.555
202409 4.836 315.301 5.122
202412 3.835 315.605 4.058
202503 4.003 319.799 4.180
202506 4.010 322.561 4.152
202509 4.594 324.800 4.723
202512 3.952 324.054 4.073
202603 3.371 330.213 3.409
202606 3.162 333.952 3.162

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 0.44 mean?
Thoresen Thai Agencies PCL (BKK:TTA) has a Cyclically Adjusted PS Ratio of 0.44 as of Aug. 21, 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 Thoresen Thai Agencies PCL and its competitors. This is near median its historical median of 0.46. Over the past decade, Thoresen Thai Agencies PCL's Cyclically Adjusted PS Ratio has ranged from 0.13 to 1.35. According to the industry distribution chart, Thoresen Thai Agencies PCL ranks #149 out of 460 companies in the Conglomerates industry, placing it in the top 32.4%.
Is Thoresen Thai Agencies PCL's Cyclically Adjusted PS Ratio too high?
Thoresen Thai Agencies PCL's current Cyclically Adjusted PS Ratio of 0.44 is near median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.35. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.78. Thoresen Thai Agencies PCL's value of 0.44 is 43.6% below this industry median. Based on the distribution chart, Thoresen Thai Agencies PCL ranks #149 out of 460 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Thoresen Thai Agencies PCL has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thoresen Thai Agencies PCL's Cyclically Adjusted PS Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Thoresen Thai Agencies PCL ranks #149 out of 460 companies for Cyclically Adjusted PS Ratio. This puts Thoresen Thai Agencies PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.78. Thoresen Thai Agencies PCL's value of 0.44 is 43.6% below this benchmark. Historically, Thoresen Thai Agencies PCL's own Cyclically Adjusted PS Ratio has ranged from 0.13 to 1.35 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.78, Thoresen Thai Agencies 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.78, based on 460 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. Thoresen Thai Agencies PCL's current Cyclically Adjusted PS Ratio of 0.44 is 43.6% 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 Thoresen Thai Agencies PCL and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thoresen Thai Agencies PCL's current Cyclically Adjusted PS Ratio is 0.44, which is near median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thoresen Thai Agencies PCL stock overvalued right now?
Based on GuruFocus' analysis, Thoresen Thai Agencies PCL (BKK:TTA) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿4.72, compared to a current price of ฿6.00 — trading 27.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.44, which is near median its 10-year median of 0.46 and 43.6% below the Conglomerates industry median of 0.78. Thoresen Thai Agencies PCL's overall GF Score™ is 70/100 with 10 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 Thoresen Thai Agencies PCL (BKK:TTA), the current Cyclically Adjusted PS Ratio is 0.44 as of Aug. 21, 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 Thoresen Thai Agencies PCL (BKK:TTA) Overvalued in 2026?

Based on GuruFocus' analysis, Thoresen Thai Agencies PCL stock appears to be overvalued. The current stock price of ฿6.00 is trading 27.1% above its estimated GF Value™ of ฿4.72. GuruFocus considers Thoresen Thai Agencies PCL to be Modestly Overvalued.

Key valuation signals for BKK:TTA:

  • Cyclically Adjusted PS Ratio: 0.44 (near median its 10-year median of 0.46)
  • GF Value™: ฿4.72 vs. price of ฿6.00 (27.1% above fair value)
  • GF Score™: 70/100 with 10 warning signs
  • Industry Position: 43.6% below the Conglomerates median (#149 of 460)

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


Thoresen Thai Agencies PCL Business Description

Other Exchanges NYVU:Germany
Address Ploenchit Road, 26/26-27 Orakarn Building, 8th Floor, Soi Chidlom, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330
Thoresen Thai Agencies PCL is an investment holding company. The company operates in five main segments: shipping, offshore service, agrochemical, food and beverage, and investment. Its activities include ownership of dry bulk vessels, certain shipping services, offshore services related to oil and gas, production and sales of fertilizers, coal trading, warehouse, and logistics services, and food and beverage. The maximum revenue is derived from the Offshore Service segment.
70GF Score

Get the complete analysis for BKK:TTA

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

฿6.00
Price
฿4.72
GF Value