Asia Aviation PCL (FRA:55AA) Cyclically Adjusted PS Ratio: 0.15 (As of Sep. 01, 2026) — 63% Below Median

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FRA:55AA Asia Aviation PCL FRA:55AA
64 GF Score
Price €0.02
GF Value €0.06
Valuation Possible Value Trap
! 4 Warning Signs
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What is Asia Aviation PCL Cyclically Adjusted PS Ratio?

Asia Aviation PCL FRA:55AA -2.04% 64 Cyclically Adjusted PS Ratio is 0.15 as of Sep. 01, 2026, which is 63% below its 10-year median of 0.41. GuruFocus rates FRA:55AA with a GF Score™ of 64/100 and a GF Value™ of €0.06 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 763 Transportation companies, Asia Aviation PCL ranks better than 87.68% on this metric.

As of today (2026-09-01), Asia Aviation PCL's current share price is €0.024. Asia Aviation PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €0.16. Asia Aviation PCL's Cyclically Adjusted PS Ratio for today is 0.15.

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

FRA:55AA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.41   Max: 0.53
Current: 0.19

During the past years, Asia Aviation PCL's highest Cyclically Adjusted PS Ratio was 0.53. The lowest was 0.17. And the median was 0.41.

FRA:55AA's Cyclically Adjusted PS Ratio is ranked better than
87.68% of 763 companies
in the Transportation industry
Industry Median: 0.94 vs FRA:55AA: 0.19

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.

Asia Aviation PCL's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.021. 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 €0.16 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asia Aviation PCL  (FRA:55AA) 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.


Asia Aviation PCL Cyclically Adjusted PS Ratio Related Terms


Asia Aviation PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Asia Aviation 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.

Asia Aviation PCL Cyclically Adjusted PS Ratio Chart

Asia Aviation 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 0.44 0.52 0.34 0.48 0.20

Asia Aviation 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 0.23 0.20 0.21 0.21

FRA:55AA vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, Asia Aviation 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.


Asia Aviation PCL Cyclically Adjusted PS Ratio vs Transportation Industry

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

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


FRA:55AA
64GF Score
Asia Aviation PCL FRA:55AA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Aviation 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.

Asia Aviation PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.024/0.16
=0.15

* 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.

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

For example, Asia Aviation 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)
=0.021/333.9520*333.9520
=0.021

Current CPI (Jun. 2026) = 333.9520.

Asia Aviation PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.041 241.428 0.057
201612 0.039 241.432 0.054
201703 0.048 243.801 0.066
201706 0.043 244.955 0.059
201709 0.044 246.819 0.060
201712 0.049 246.524 0.066
201803 0.057 249.554 0.076
201806 0.047 251.989 0.062
201809 0.046 252.439 0.061
201812 0.051 251.233 0.068
201903 0.061 254.202 0.080
201906 0.054 256.143 0.070
201909 0.055 256.759 0.072
201912 0.058 256.974 0.075
202003 0.043 258.115 0.056
202006 0.001 257.797 0.001
202009 0.011 260.280 0.014
202012 0.018 260.474 0.023
202103 0.006 264.877 0.008
202106 0.005 271.696 0.006
202109 0.001 274.310 0.001
202112 0.008 278.802 0.010
202203 0.004 287.504 0.005
202206 0.006 296.311 0.007
202209 0.011 296.808 0.012
202212 0.019 296.797 0.021
202303 0.019 301.836 0.021
202306 0.022 305.109 0.024
202309 0.021 307.789 0.023
202312 0.026 306.746 0.028
202403 0.027 312.332 0.029
202406 0.023 314.175 0.024
202409 0.023 315.301 0.024
202412 0.029 315.605 0.031
202503 0.028 319.799 0.029
202506 0.020 322.561 0.021
202509 0.019 324.800 0.020
202512 0.028 324.054 0.029
202603 0.028 330.213 0.028
202606 0.021 333.952 0.021

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 0.15 mean?
Asia Aviation PCL (FRA:55AA) has a Cyclically Adjusted PS Ratio of 0.15 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 Asia Aviation PCL and its competitors. This is 63% below median its historical median of 0.41. Over the past decade, Asia Aviation PCL's Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.53. According to the industry distribution chart, Asia Aviation PCL ranks #94 out of 763 companies in the Transportation industry, placing it in the top 12.3%.
Is Asia Aviation PCL's Cyclically Adjusted PS Ratio too high?
Asia Aviation PCL's current Cyclically Adjusted PS Ratio of 0.15 is 63% below median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.53. The Transportation industry median Cyclically Adjusted PS Ratio is 0.94. Asia Aviation PCL's value of 0.15 is 84% below this industry median. Based on the distribution chart, Asia Aviation PCL ranks #94 out of 763 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Asia Aviation PCL has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asia Aviation PCL's Cyclically Adjusted PS Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Asia Aviation PCL ranks #94 out of 763 companies for Cyclically Adjusted PS Ratio. This places Asia Aviation PCL in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.94. Asia Aviation PCL's value of 0.15 is 84% below this benchmark. Historically, Asia Aviation PCL's own Cyclically Adjusted PS Ratio has ranged from 0.17 to 0.53 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.94, Asia Aviation 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.94, based on 763 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. Asia Aviation PCL's current Cyclically Adjusted PS Ratio of 0.15 is 84% 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 Asia Aviation PCL and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Aviation PCL's current Cyclically Adjusted PS Ratio is 0.15, which is 63% below median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Aviation PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Aviation PCL (FRA:55AA) is currently considered Possible Value Trap. The stock's GF Value™ is €0.06, compared to a current price of €0.02 — trading 60% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.15, which is 63% below median its 10-year median of 0.41 and 84% below the Transportation industry median of 0.94. Asia Aviation PCL's overall GF Score™ is 64/100 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 Asia Aviation PCL (FRA:55AA), the current Cyclically Adjusted PS Ratio is 0.15 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 Asia Aviation PCL (FRA:55AA) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Aviation PCL stock appears to be undervalued. The current stock price of €0.02 is trading 60% below its estimated GF Value™ of €0.06. GuruFocus considers Asia Aviation PCL to be Possible Value Trap.

Key valuation signals for FRA:55AA:

  • Cyclically Adjusted PS Ratio: 0.15 (63% below median its 10-year median of 0.41)
  • GF Value™: €0.06 vs. price of €0.02 (60% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 84% below the Transportation median (#94 of 763)

No single metric tells the full story. See the FRA:55AA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia Aviation PCL Business Description

Other Exchanges AAV:Thailand
Address Vibhavadee Rangsit Road, 3rd Floor, Central Office Building, Room No. 3200, 222, Don Mueang International Airport, Sanam Bin District, Don Mueang District, Bangkok, THA, 10210
Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. It has two reportable operating segments: Schedule flight operations and Chartered flight operations. The majority of the group's revenue is generated from the Schedule flight operations segment, which provides passenger air transportation services to routine destinations for scheduled flights. The group sells tickets through its distribution channels such as website, sales counter, travel agents, etc. The Chartered flight operations offer passenger air transportation services to non-routine destinations. Flights are operated when there is a booking from customers, normally tourist agency companies. Geographically, the group operates only in Thailand.
64GF Score

Get the complete analysis for FRA:55AA

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

€0.02
Price
€0.06
GF Value