Varopakorn PCL (BKK:VARO) Cyclically Adjusted PS Ratio: (As of Aug. 24, 2026)

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Director of Data and Quant Analytics at GuruFocus
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BKK:VARO Varopakorn PCL BKK:VARO
56 GF Score
Price ฿6.30
GF Value ฿3.87
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Varopakorn PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Varopakorn PCL  (BKK:VARO) 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.


Varopakorn PCL Cyclically Adjusted PS Ratio Related Terms


Varopakorn PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Varopakorn 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.

Varopakorn PCL Cyclically Adjusted PS Ratio Chart

Varopakorn 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 0.26 0.37 0.18 0.19 0.18

Varopakorn 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 0.19 0.19 0.18 0.17 0.00

BKK:VARO vs AA, CENX, CSTM: Cyclically Adjusted PS Ratio Comparison

For the Aluminum subindustry, Varopakorn 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.


Varopakorn PCL Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Varopakorn PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:VARO
56GF Score
Varopakorn PCL BKK:VARO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Varopakorn 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.

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

For example, Varopakorn 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)
=6.95/333.9520*333.9520
=6.950

Current CPI (Jun. 2026) = 333.9520.

Varopakorn PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.303 241.428 4.569
201612 3.597 241.432 4.975
201703 4.419 243.801 6.053
201706 4.251 244.955 5.795
201709 3.250 246.819 4.397
201712 3.722 246.524 5.042
201803 4.649 249.554 6.221
201806 4.728 251.989 6.266
201809 4.769 252.439 6.309
201812 3.837 251.233 5.100
201903 3.634 254.202 4.774
201906 4.016 256.143 5.236
201909 3.938 256.759 5.122
201912 4.119 256.974 5.353
202003 2.939 258.115 3.803
202006 2.088 257.797 2.705
202009 1.689 260.280 2.167
202012 3.483 260.474 4.466
202103 4.857 264.877 6.124
202106 5.505 271.696 6.766
202109 6.189 274.310 7.535
202112 8.254 278.802 9.887
202203 10.843 287.504 12.595
202206 10.051 296.311 11.328
202209 9.374 296.808 10.547
202212 7.251 296.797 8.159
202303 7.457 301.836 8.250
202306 5.982 305.109 6.547
202309 5.494 307.789 5.961
202312 5.709 306.746 6.215
202403 7.524 312.332 8.045
202406 6.378 314.175 6.779
202409 7.496 315.301 7.939
202412 8.395 315.605 8.883
202503 9.192 319.799 9.599
202506 7.091 322.561 7.341
202509 4.689 324.800 4.821
202512 6.746 324.054 6.952
202603 8.036 330.213 8.127
202606 6.950 333.952 6.950

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.

Is Varopakorn PCL (BKK:VARO) Overvalued in 2026?

Based on GuruFocus' analysis, Varopakorn PCL stock appears to be overvalued. The current stock price of ฿6.30 is trading 62.8% above its estimated GF Value™ of ฿3.87. GuruFocus considers Varopakorn PCL to be Significantly Overvalued.

Key valuation signals for BKK:VARO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿3.87 vs. price of ฿6.30 (62.8% above fair value)
  • GF Score™: 56/100 with 11 warning signs

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


Varopakorn PCL Business Description

Address 181 Soi Amorn, Nanglinchee Road, Chongnonsri, Yannawa, Bangkok, THA, 10120
Varopakorn PCL is engaged in the manufacturing and distribution of semi-finished aluminum products in Thailand. Its Aluminium rolled products have been developed to be of standard quality and a wider range, such as Bare Finstock, Precoated Finstock, Capstocks, Foil, Coil, Sheet, and Automotive Fin. It generates revenue from Thailand, Asia, America, Europe, and Oceania.
56GF Score

Get the complete analysis for BKK:VARO

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

฿6.30
Price
฿3.87
GF Value