VGI PCL (BKK:VGI) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:VGI VGI PCL BKK:VGI
70 GF Score
Price ฿0.97
GF Value ฿1.02
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is VGI PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


VGI PCL  (BKK:VGI) 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.


VGI PCL Cyclically Adjusted PS Ratio Related Terms


VGI PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for VGI 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.

VGI PCL Cyclically Adjusted PS Ratio Chart

VGI PCL Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.90 8.24 3.52 6.42 2.04

VGI 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 4.21 3.17 1.93 1.88 1.87

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

For the Conglomerates subindustry, VGI 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.


VGI PCL Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


BKK:VGI
70GF Score
VGI PCL BKK:VGI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VGI 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.

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

For example, VGI 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)
=0.05/333.9520*333.9520
=0.050

Current CPI (Jun. 2026) = 333.9520.

VGI PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.087 241.018 0.121
201609 0.111 241.428 0.154
201612 0.108 241.432 0.149
201703 0.156 243.801 0.214
201706 0.119 244.955 0.162
201709 0.137 246.819 0.185
201712 0.135 246.524 0.183
201803 0.150 249.554 0.201
201806 0.145 251.989 0.192
201809 0.138 252.439 0.183
201812 0.168 251.233 0.223
201903 0.157 254.202 0.206
201906 0.089 256.143 0.116
201909 0.104 256.759 0.135
201912 0.126 256.974 0.164
202006 0.042 257.797 0.054
202009 0.067 260.280 0.086
202012 0.069 260.474 0.088
202103 0.063 264.877 0.079
202106 0.059 271.696 0.073
202109 0.096 274.310 0.117
202112 0.153 278.802 0.183
202203 0.124 287.504 0.144
202206 0.088 296.311 0.099
202209 0.104 296.808 0.117
202212 0.117 296.797 0.132
202303 0.105 301.836 0.116
202306 0.094 305.109 0.103
202309 0.091 307.789 0.099
202312 0.113 306.746 0.123
202403 0.107 312.332 0.114
202406 0.101 314.175 0.107
202409 0.113 315.301 0.120
202412 0.095 315.605 0.101
202503 0.058 319.799 0.061
202506 0.051 322.561 0.053
202509 0.051 324.800 0.052
202512 0.057 324.054 0.059
202603 0.050 330.213 0.051
202606 0.050 333.952 0.050

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 VGI PCL (BKK:VGI) Overvalued in 2026?

Based on GuruFocus' analysis, VGI PCL stock appears to be undervalued. The current stock price of ฿0.97 is trading 4.9% below its estimated GF Value™ of ฿1.02. GuruFocus considers VGI PCL to be Fairly Valued.

Key valuation signals for BKK:VGI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ฿1.02 vs. price of ฿0.97 (4.9% below fair value)
  • GF Score™: 70/100 with 5 warning signs

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


VGI PCL Business Description

Address Phahonyothin Road, 1000/9, BTS Visionary Park - South Tower, 27th Floor, Chomphon Sub-district, Chatuchak District, Bangkok, THA, 10900
VGI PCL is principally engaged in the arrangement and provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, in office buildings, and other spaces and the rental at BTS stations.is organised into business units based on the services it provides, and there are four reportable segments as follows: the Transit segment, the Digital service segment, the Distribution segment, and the Other segment. The majority of the revenue is derived from the Transit segment, which provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, on BTS Column and the rental of retail space at BTS stations. Geographically, the company operates in Thailand.
70GF Score

Get the complete analysis for BKK:VGI

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

฿0.97
Price
฿1.02
GF Value