Zen Group PCL (BKK:ZEN) Cyclically Adjusted PS Ratio: 0.44 (As of Aug. 09, 2026) — 14% Below Median

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BKK:ZEN Zen Corp Group PCL BKK:ZEN
86 GF Score
Price ฿5.60
GF Value ฿6.72
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Zen Group PCL Cyclically Adjusted PS Ratio?

Zen Group PCL BKK:ZEN 86 Cyclically Adjusted PS Ratio is 0.44 as of Aug. 09, 2026, which is 14% below its 10-year median of 0.51. GuruFocus rates BKK:ZEN with a GF Score™ of 86/100 and a GF Value™ of ฿6.72 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 267 Restaurants companies, Zen Group PCL ranks better than 66.67% on this metric.

As of today (2026-08-09), Zen Group PCL's current share price is ฿5.60. Zen Group PCL's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was ฿12.76. Zen Group PCL's Cyclically Adjusted PS Ratio for today is 0.44.

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

BKK:ZEN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.51   Max: 0.6
Current: 0.44

During the past 11 years, Zen Group PCL's highest Cyclically Adjusted PS Ratio was 0.60. The lowest was 0.43. And the median was 0.51.

BKK:ZEN's Cyclically Adjusted PS Ratio is ranked better than
66.67% of 267 companies
in the Restaurants industry
Industry Median: 0.7 vs BKK:ZEN: 0.44

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.

Zen Group PCL's adjusted revenue per share data of for the fiscal year that ended in Dec25 was ฿13.241. 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 ฿12.76 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zen Group PCL  (BKK:ZEN) 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.


Zen Group PCL Cyclically Adjusted PS Ratio Related Terms


Zen Group PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zen Group 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.

Zen Group PCL Cyclically Adjusted PS Ratio Chart

Zen Group 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 0.00 0.00 0.00 0.60 0.48

Zen Group 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 0.00 0.00 0.00 0.48 0.00

BKK:ZEN vs MCD, SBUX, YUM: Cyclically Adjusted PS Ratio Comparison

For the Restaurants subindustry, Zen Group 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.


Zen Group PCL Cyclically Adjusted PS Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Zen Group PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:ZEN
86GF Score
Zen Corp Group PCL BKK:ZEN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zen Group 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.

Zen Group PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.60/12.76
=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.

Zen Group PCL's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Zen Group PCL's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=13.241/324.0540*324.0540
=13.241

Current CPI (Dec25) = 324.0540.

Zen Group PCL Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 7.194 241.432 9.656
201712 8.083 246.524 10.625
201812 17.501 251.233 22.574
201912 10.655 256.974 13.436
202012 7.613 260.474 9.471
202112 7.363 278.802 8.558
202212 11.278 296.797 12.314
202312 13.050 306.746 13.786
202412 13.611 315.605 13.975
202512 13.241 324.054 13.241

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?
Zen Group PCL (BKK:ZEN) has a Cyclically Adjusted PS Ratio of 0.44 as of Aug. 09, 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 Zen Group PCL and its competitors. This is 14% below median its historical median of 0.51. Over the past decade, Zen Group PCL's Cyclically Adjusted PS Ratio has ranged from 0.43 to 0.60. According to the industry distribution chart, Zen Group PCL ranks #89 out of 267 companies in the Restaurants industry, placing it in the top 33.3%.
Is Zen Group PCL's Cyclically Adjusted PS Ratio too high?
Zen Group PCL's current Cyclically Adjusted PS Ratio of 0.44 is 14% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.60. The Restaurants industry median Cyclically Adjusted PS Ratio is 0.70. Zen Group PCL's value of 0.44 is 37.1% below this industry median. Based on the distribution chart, Zen Group PCL ranks #89 out of 267 companies in the Restaurants industry, which is above the industry midpoint. Overall, Zen Group PCL has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zen Group PCL's Cyclically Adjusted PS Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Zen Group PCL ranks #89 out of 267 companies for Cyclically Adjusted PS Ratio. This puts Zen Group PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Zen Group PCL's value of 0.44 is 37.1% below this benchmark. Historically, Zen Group PCL's own Cyclically Adjusted PS Ratio has ranged from 0.43 to 0.60 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.70, Zen Group 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 Restaurants company?
The median Cyclically Adjusted PS Ratio among Restaurants companies is 0.70, based on 267 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. Zen Group PCL's current Cyclically Adjusted PS Ratio of 0.44 is 37.1% 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 Zen Group PCL and its competitors. For the Restaurants industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zen Group PCL's current Cyclically Adjusted PS Ratio is 0.44, which is 14% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zen Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Zen Group PCL (BKK:ZEN) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿6.72, compared to a current price of ฿5.60 — trading 16.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.44, which is 14% below median its 10-year median of 0.51 and 37.1% below the Restaurants industry median of 0.70. Zen Group PCL's overall GF Score™ is 86/100 with 5 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 Zen Group PCL (BKK:ZEN), the current Cyclically Adjusted PS Ratio is 0.44 as of Aug. 09, 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 Zen Group PCL (BKK:ZEN) Overvalued in 2026?

Based on GuruFocus' analysis, Zen Group PCL stock appears to be undervalued. The current stock price of ฿5.60 is trading 16.7% below its estimated GF Value™ of ฿6.72. GuruFocus considers Zen Group PCL to be Modestly Undervalued.

Key valuation signals for BKK:ZEN:

  • Cyclically Adjusted PS Ratio: 0.44 (14% below median its 10-year median of 0.51)
  • GF Value™: ฿6.72 vs. price of ฿5.60 (16.7% below fair value)
  • GF Score™: 86/100 with 5 warning signs
  • Industry Position: 37.1% below the Restaurants median (#89 of 267)

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


Zen Group PCL Business Description

Address 662 Soi On Nut 17, Kwang Suanluang, Khet Suanluang, Bangkok, THA, 10250
Zen Corp Group PCL is engaged in providing management services to its subsidiaries and restaurants. It offers Japanese food, ranging from premium sushi and Yakiniku restaurants to contemporary Japanese cafes. The company operates ZEN Japanese Restaurant, Musha, AKA, On the Table, and Sushi Cyu. The company operates in only one segment which is the Food business. The majority of the revenue is generated from the sales of food and beverages in Thailand.
86GF Score

Get the complete analysis for BKK:ZEN

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

฿5.60
Price
฿6.72
GF Value