VGI PCL (BKK:VGI-R) Cyclically Adjusted PS Ratio: 1.98 (As of Jun. 28, 2026) — 69% Below Median


BKK:VGI-R VGI PCL BKK:VGI-R
62 GF Score
Price ฿0.83
GF Value ฿1.01
! 4 Warning Signs
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What is VGI PCL Cyclically Adjusted PS Ratio?

VGI PCL BKK:VGI-R 62 Cyclically Adjusted PS Ratio is 1.98 as of Jun. 28, 2026, which is 69% below its 10-year median of 6.46. GuruFocus rates BKK:VGI-R with a GF Score™ of 62/100 and a GF Value™ of ฿1.01. The stock has 4 warning signs investors should review. Among 469 Conglomerates companies, VGI PCL ranks worse than 73.35% on this metric.

As of today (2026-06-28), VGI PCL's current share price is ฿0.83. VGI PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿0.42. VGI PCL's Cyclically Adjusted PS Ratio for today is 1.98.

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

BKK:VGI-R' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.79   Med: 6.46   Max: 16.75
Current: 1.96

During the past years, VGI PCL's highest Cyclically Adjusted PS Ratio was 16.75. The lowest was 1.79. And the median was 6.46.

BKK:VGI-R's Cyclically Adjusted PS Ratio is ranked worse than
73.35% of 469 companies
in the Conglomerates industry
Industry Median: 0.8 vs BKK:VGI-R: 1.96

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.

VGI PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was ฿0.050. 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 ฿0.42 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


VGI PCL  (BKK:VGI-R) 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 10.64 8.07 3.45 6.24 1.99

VGI PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.24 4.41 3.33 2.03 1.99

BKK:VGI-R vs HON, MMM: 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-R
62GF Score
VGI PCL BKK:VGI-R
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.83/0.42
=1.98

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

For example, VGI PCL's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.05/330.2130*330.2130
=0.050

Current CPI (Mar. 2026) = 330.2130.

VGI PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.088 241.018 0.121
201609 0.112 241.428 0.153
201612 0.109 241.432 0.149
201703 0.122 243.801 0.165
201706 0.121 244.955 0.163
201709 0.138 246.819 0.185
201712 0.137 246.524 0.184
201803 0.150 249.554 0.198
201806 0.147 251.989 0.193
201809 0.140 252.439 0.183
201812 0.170 251.233 0.223
201903 -0.078 254.202 -0.101
201906 0.090 256.143 0.116
201909 0.106 256.759 0.136
201912 0.127 256.974 0.163
202003 0.081 258.115 0.104
202006 0.043 257.797 0.055
202009 0.068 260.280 0.086
202012 0.070 260.474 0.089
202103 0.063 264.877 0.079
202106 0.069 271.696 0.084
202109 0.100 274.310 0.120
202112 0.159 278.802 0.188
202203 0.130 287.504 0.149
202206 0.088 296.311 0.098
202209 0.104 296.808 0.116
202212 0.117 296.797 0.130
202303 0.105 301.836 0.115
202306 0.095 305.109 0.103
202309 0.092 307.789 0.099
202312 0.113 306.746 0.122
202403 0.107 312.332 0.113
202406 0.108 314.175 0.114
202409 0.113 315.301 0.118
202412 0.095 315.605 0.099
202503 0.056 319.799 0.058
202506 0.052 322.561 0.053
202509 0.051 324.800 0.052
202512 0.057 324.054 0.058
202603 0.050 330.213 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.

What does a Cyclically Adjusted PS Ratio of 1.98 mean?
VGI PCL (BKK:VGI-R) has a Cyclically Adjusted PS Ratio of 1.98 as of Jun. 28, 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 VGI PCL and its competitors. This is 69% below median its historical median of 6.46. Over the past decade, VGI PCL's Cyclically Adjusted PS Ratio has ranged from 1.79 to 16.75. According to the industry distribution chart, VGI PCL ranks #344 out of 469 companies in the Conglomerates industry, placing it in the top 73.3%.
Is VGI PCL's Cyclically Adjusted PS Ratio too high?
VGI PCL's current Cyclically Adjusted PS Ratio of 1.98 is 69% below median its 10-year median of 6.46. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 16.75. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.80. VGI PCL's value of 1.98 is 147.5% above this industry median. Based on the distribution chart, VGI PCL ranks #344 out of 469 companies in the Conglomerates industry, which is below the industry midpoint. Overall, VGI PCL has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does VGI PCL's Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, VGI PCL ranks #344 out of 469 companies for Cyclically Adjusted PS Ratio. This places VGI PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.80. VGI PCL's value of 1.98 is 147.5% above this benchmark. Historically, VGI PCL's own Cyclically Adjusted PS Ratio has ranged from 1.79 to 16.75 over the past decade. While the company's 10-year median is 6.46 vs. the industry median of 0.80, VGI PCL has consistently been above 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 0.80, based on 469 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. VGI PCL's current Cyclically Adjusted PS Ratio of 1.98 is 147.5% above 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 VGI PCL and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VGI PCL's current Cyclically Adjusted PS Ratio is 1.98, which is 69% below median its own 10-year median of 6.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VGI PCL stock overvalued right now?
VGI PCL (BKK:VGI-R) has a current Cyclically Adjusted PS Ratio of 1.98. The stock's GF Value™ is ฿1.01, compared to a current price of ฿0.83 — trading 17.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.98, which is 69% below median its 10-year median of 6.46 and 147.5% above the Conglomerates industry median of 0.80. VGI PCL's overall GF Score™ is 62/100 with 4 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 VGI PCL (BKK:VGI-R), the current Cyclically Adjusted PS Ratio is 1.98 as of Jun. 28, 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 VGI PCL (BKK:VGI-R) Overvalued in 2026?

Based on GuruFocus' analysis, VGI PCL stock appears to be undervalued. The current stock price of ฿0.83 is trading 17.8% below its estimated GF Value™ of ฿1.01.

Key valuation signals for BKK:VGI-R:

  • Cyclically Adjusted PS Ratio: 1.98 (69% below median its 10-year median of 6.46)
  • GF Value™: ฿1.01 vs. price of ฿0.83 (17.8% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 147.5% above the Conglomerates median (#344 of 469)

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


VGI PCL Business Description

Other Exchanges VGI:Thailand
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.
62GF Score

Get the complete analysis for BKK:VGI-R

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

฿0.83
Price
฿1.01
GF Value