Thai Vegetable Oil PCL (BKK:TVO) Cyclically Adjusted PS Ratio: 0.72 (As of Sep. 01, 2026) — Near Median

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BKK:TVO Thai Vegetable Oil PCL BKK:TVO
86 GF Score
Price ฿28.00
GF Value ฿22.87
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Thai Vegetable Oil PCL Cyclically Adjusted PS Ratio?

Thai Vegetable Oil PCL BKK:TVO -1.75% 86 Cyclically Adjusted PS Ratio is 0.72 as of Sep. 01, 2026, which is 9% below its 10-year median of 0.79. GuruFocus rates BKK:TVO with a GF Score™ of 86/100 and a GF Value™ of ฿22.87 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,444 Consumer Packaged Goods companies, Thai Vegetable Oil PCL ranks better than 51.45% on this metric.

As of today (2026-09-01), Thai Vegetable Oil PCL's current share price is ฿28.00. Thai Vegetable Oil PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ฿38.89. Thai Vegetable Oil PCL's Cyclically Adjusted PS Ratio for today is 0.72.

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

BKK:TVO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.79   Max: 1.08
Current: 0.73

During the past years, Thai Vegetable Oil PCL's highest Cyclically Adjusted PS Ratio was 1.08. The lowest was 0.50. And the median was 0.79.

BKK:TVO's Cyclically Adjusted PS Ratio is ranked better than
51.45% of 1444 companies
in the Consumer Packaged Goods industry
Industry Median: 0.77 vs BKK:TVO: 0.73

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 Vegetable Oil PCL's adjusted revenue per share data for the three months ended in Jun. 2026 was ฿9.351. 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 ฿38.89 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Vegetable Oil PCL  (BKK:TVO) 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 Vegetable Oil PCL Cyclically Adjusted PS Ratio Related Terms


Thai Vegetable Oil PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

Thai Vegetable Oil 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 0.84 0.79 0.57 0.61 0.59

Thai Vegetable Oil 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 0.56 0.66 0.59 0.65 0.67

BKK:TVO vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Thai Vegetable Oil 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 Vegetable Oil PCL Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Vegetable Oil PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:TVO
86GF Score
Thai Vegetable Oil PCL BKK:TVO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=28.00/38.89
=0.72

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

For example, Thai Vegetable Oil 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)
=9.351/333.9520*333.9520
=9.351

Current CPI (Jun. 2026) = 333.9520.

Thai Vegetable Oil PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.476 241.428 11.724
201612 7.949 241.432 10.995
201703 6.942 243.801 9.509
201706 7.074 244.955 9.644
201709 6.802 246.819 9.203
201712 6.828 246.524 9.250
201803 7.158 249.554 9.579
201806 6.595 251.989 8.740
201809 7.261 252.439 9.606
201812 7.011 251.233 9.319
201903 6.702 254.202 8.805
201906 6.723 256.143 8.765
201909 6.564 256.759 8.537
201912 6.614 256.974 8.595
202003 7.386 258.115 9.556
202006 6.434 257.797 8.335
202009 6.777 260.280 8.695
202012 7.450 260.474 9.552
202103 8.680 264.877 10.944
202106 7.849 271.696 9.648
202109 8.622 274.310 10.497
202112 9.157 278.802 10.968
202203 10.477 287.504 12.170
202206 10.704 296.311 12.064
202209 11.635 296.808 13.091
202212 11.129 296.797 12.522
202303 10.332 301.836 11.431
202306 10.322 305.109 11.298
202309 8.402 307.789 9.116
202312 8.867 306.746 9.653
202403 8.751 312.332 9.357
202406 8.156 314.175 8.669
202409 8.667 315.301 9.180
202412 8.774 315.605 9.284
202503 7.708 319.799 8.049
202506 7.507 322.561 7.772
202509 7.250 324.800 7.454
202512 8.851 324.054 9.121
202603 8.719 330.213 8.818
202606 9.351 333.952 9.351

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 0.72 mean?
Thai Vegetable Oil PCL (BKK:TVO) has a Cyclically Adjusted PS Ratio of 0.72 as of Sep. 01, 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 Vegetable Oil PCL and its competitors. This is near median its historical median of 0.79. Over the past decade, Thai Vegetable Oil PCL's Cyclically Adjusted PS Ratio has ranged from 0.50 to 1.08. According to the industry distribution chart, Thai Vegetable Oil PCL ranks #701 out of 1444 companies in the Consumer Packaged Goods industry, placing it in the top 48.5%.
Is Thai Vegetable Oil PCL's Cyclically Adjusted PS Ratio too high?
Thai Vegetable Oil PCL's current Cyclically Adjusted PS Ratio of 0.72 is near median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 1.08. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. Thai Vegetable Oil PCL's value of 0.72 is 6.5% below this industry median. Based on the distribution chart, Thai Vegetable Oil PCL ranks #701 out of 1444 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Thai Vegetable Oil PCL has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Vegetable Oil PCL's Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Vegetable Oil PCL ranks #701 out of 1444 companies for Cyclically Adjusted PS Ratio. This puts Thai Vegetable Oil PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. Thai Vegetable Oil PCL's value of 0.72 is 6.5% below this benchmark. Historically, Thai Vegetable Oil PCL's own Cyclically Adjusted PS Ratio has ranged from 0.50 to 1.08 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 0.77, Thai Vegetable Oil 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,444 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 Vegetable Oil PCL's current Cyclically Adjusted PS Ratio of 0.72 is 6.5% 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 Vegetable Oil PCL and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Vegetable Oil PCL's current Cyclically Adjusted PS Ratio is 0.72, which is near median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Vegetable Oil PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Vegetable Oil PCL (BKK:TVO) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿22.87, compared to a current price of ฿28.00 — trading 22.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.72, which is near median its 10-year median of 0.79 and 6.5% below the Consumer Packaged Goods industry median of 0.77. Thai Vegetable Oil PCL's overall GF Score™ is 86/100 with 6 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 Vegetable Oil PCL (BKK:TVO), the current Cyclically Adjusted PS Ratio is 0.72 as of Sep. 01, 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 Vegetable Oil PCL (BKK:TVO) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Vegetable Oil PCL stock appears to be overvalued. The current stock price of ฿28.00 is trading 22.4% above its estimated GF Value™ of ฿22.87. GuruFocus considers Thai Vegetable Oil PCL to be Modestly Overvalued.

Key valuation signals for BKK:TVO:

  • Cyclically Adjusted PS Ratio: 0.72 (near median its 10-year median of 0.79)
  • GF Value™: ฿22.87 vs. price of ฿28.00 (22.4% above fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 6.5% below the Consumer Packaged Goods median (#701 of 1444)

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


Thai Vegetable Oil PCL Business Description

Other Exchanges TVTB:Germany
Address 149 Ratchadapisek Road (Thapra-Taksin), Bukkhalo Sub-District, Thonburi District, Bangkok, THA, 10600
Thai Vegetable Oil PCL is engaged in the manufacture and distribution of soy meal and soybean oil. The company has three reportable segments, namely, the manufacture and distribution of products from the soybean segment, which derives key revenue and is engaged in the manufacturing and distribution of soy meal and soybean oil; the manufacture and distribution of packaging products; and the Other segment, which is the distribution of consumer products. The company operates in Thailand only.
86GF Score

Get the complete analysis for BKK:TVO

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

฿28.00
Price
฿22.87
GF Value