Indorama Ventures PCL (FRA:I93) Cyclically Adjusted PS Ratio: 0.24 (As of Aug. 25, 2026) — 52% Below Median

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.

FRA:I93 Indorama Ventures PCL FRA:I93
75 GF Score
Price €0.55
GF Value €0.52
! 8 Warning Signs
View Full Analysis

What is Indorama Ventures PCL Cyclically Adjusted PS Ratio?

Indorama Ventures PCL FRA:I93 -0.90% 75 Cyclically Adjusted PS Ratio is 0.24 as of Aug. 25, 2026, which is 52% below its 10-year median of 0.50. GuruFocus rates FRA:I93 with a GF Score™ of 75/100 and a GF Value™ of €0.52. The stock has 8 warning signs investors should review. Among 1,274 Chemicals companies, Indorama Ventures PCL ranks better than 91.76% on this metric.

As of today (2026-08-25), Indorama Ventures PCL's current share price is €0.55. Indorama Ventures PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €2.32. Indorama Ventures PCL's Cyclically Adjusted PS Ratio for today is 0.24.

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

FRA:I93' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.17   Med: 0.5   Max: 1.31
Current: 0.24

During the past years, Indorama Ventures PCL's highest Cyclically Adjusted PS Ratio was 1.31. The lowest was 0.17. And the median was 0.50.

FRA:I93's Cyclically Adjusted PS Ratio is ranked better than
91.76% of 1274 companies
in the Chemicals industry
Industry Median: 1.33 vs FRA:I93: 0.24

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.

Indorama Ventures PCL's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.639. 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 €2.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Indorama Ventures PCL  (FRA:I93) 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.


Indorama Ventures PCL Cyclically Adjusted PS Ratio Related Terms


Indorama Ventures PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Indorama Ventures 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.

Indorama Ventures PCL Cyclically Adjusted PS Ratio Chart

Indorama Ventures 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 0.68 0.55 0.34 0.29 0.18

Indorama Ventures 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 0.23 0.25 0.18 0.28 0.24

FRA:I93 vs DOW: Cyclically Adjusted PS Ratio Comparison

For the Chemicals subindustry, Indorama Ventures 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.


Indorama Ventures PCL Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indorama Ventures PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:I93
75GF Score
Indorama Ventures PCL FRA:I93
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indorama Ventures 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.

Indorama Ventures PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.55/2.32
=0.24

* 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.

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

For example, Indorama Ventures 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)
=0.639/333.9520*333.9520
=0.639

Current CPI (Jun. 2026) = 333.9520.

Indorama Ventures PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.349 241.428 0.483
201612 0.359 241.432 0.497
201703 0.399 243.801 0.547
201706 0.390 244.955 0.532
201709 0.363 246.819 0.491
201712 0.248 246.524 0.336
201803 0.366 249.554 0.490
201806 0.398 251.989 0.527
201809 0.452 252.439 0.598
201812 0.438 251.233 0.582
201903 0.476 254.202 0.625
201906 0.481 256.143 0.627
201909 0.447 256.759 0.581
201912 0.411 256.974 0.534
202003 0.462 258.115 0.598
202006 0.381 257.797 0.494
202009 0.391 260.280 0.502
202012 0.406 260.474 0.521
202103 0.477 264.877 0.601
202106 0.523 271.696 0.643
202109 0.580 274.310 0.706
202112 0.619 278.802 0.741
202203 0.715 287.504 0.831
202206 0.901 296.311 1.015
202209 0.868 296.808 0.977
202212 0.695 296.797 0.782
202303 0.659 301.836 0.729
202306 0.647 305.109 0.708
202309 0.643 307.789 0.698
202312 0.603 306.746 0.656
202403 0.619 312.332 0.662
202406 0.659 314.175 0.700
202409 0.663 315.301 0.702
202412 0.608 315.605 0.643
202503 0.578 319.799 0.604
202506 0.557 322.561 0.577
202509 0.518 324.800 0.533
202512 0.492 324.054 0.507
202603 0.522 330.213 0.528
202606 0.639 333.952 0.639

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 0.24 mean?
Indorama Ventures PCL (FRA:I93) has a Cyclically Adjusted PS Ratio of 0.24 as of Aug. 25, 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 Indorama Ventures PCL and its competitors. This is 52% below median its historical median of 0.50. Over the past decade, Indorama Ventures PCL's Cyclically Adjusted PS Ratio has ranged from 0.17 to 1.31. According to the industry distribution chart, Indorama Ventures PCL ranks #105 out of 1274 companies in the Chemicals industry, placing it in the top 8.2%.
Is Indorama Ventures PCL's Cyclically Adjusted PS Ratio too high?
Indorama Ventures PCL's current Cyclically Adjusted PS Ratio of 0.24 is 52% below median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.31. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.33. Indorama Ventures PCL's value of 0.24 is 82% below this industry median. Based on the distribution chart, Indorama Ventures PCL ranks #105 out of 1274 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indorama Ventures PCL has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Indorama Ventures PCL's Cyclically Adjusted PS Ratio compare to DOW?
According to the Chemicals industry distribution chart, Indorama Ventures PCL ranks #105 out of 1274 companies for Cyclically Adjusted PS Ratio. This places Indorama Ventures PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.33. Indorama Ventures PCL's value of 0.24 is 82% below this benchmark. Historically, Indorama Ventures PCL's own Cyclically Adjusted PS Ratio has ranged from 0.17 to 1.31 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 1.33, Indorama Ventures 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.33, based on 1,274 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. Indorama Ventures PCL's current Cyclically Adjusted PS Ratio of 0.24 is 82% 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 Indorama Ventures PCL and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indorama Ventures PCL's current Cyclically Adjusted PS Ratio is 0.24, which is 52% below median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indorama Ventures PCL stock overvalued right now?
Indorama Ventures PCL (FRA:I93) has a current Cyclically Adjusted PS Ratio of 0.24. The stock's GF Value™ is €0.52, compared to a current price of €0.55 — trading 5.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.24, which is 52% below median its 10-year median of 0.50 and 82% below the Chemicals industry median of 1.33. Indorama Ventures PCL's overall GF Score™ is 75/100 with 8 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 Indorama Ventures PCL (FRA:I93), the current Cyclically Adjusted PS Ratio is 0.24 as of Aug. 25, 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 Indorama Ventures PCL (FRA:I93) Overvalued in 2026?

Based on GuruFocus' analysis, Indorama Ventures PCL stock appears to be overvalued. The current stock price of €0.55 is trading 5.8% above its estimated GF Value™ of €0.52.

Key valuation signals for FRA:I93:

  • Cyclically Adjusted PS Ratio: 0.24 (52% below median its 10-year median of 0.50)
  • GF Value™: €0.52 vs. price of €0.55 (5.8% above fair value)
  • GF Score™: 75/100 with 8 warning signs
  • Industry Position: 82% below the Chemicals median (#105 of 1274)

No single metric tells the full story. See the FRA:I93 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indorama Ventures PCL Business Description

Other Exchanges IVL:Thailand
Address Asoke Road, Klongtoeynua, 37th Floor, Soi Sukhumvit 19, 75/102, Ocean Tower II, Wattana, Bangkok, THA, 10110
Indorama Ventures PCL is engaged in the manufacture and distribution of Polyethylene Terephthalate, Purified Terephthalic Acid, Paraxylene, recycling, Purified Isophthalic Acid, Naphthalene Dicarboxylate, PET preforms and packaging, Integrated EG, Integrated purified EO, PO/MTBE, Integrated Surfactants comprising EOA, LAB and others, Fibers including Polyester, Rayon, Nylon, Polypropylene, composites and worsted wool fibers products. The company operates in three reportable segments Combined PET, Integrated Oxides and Derivatives and Fibers. The maximum revenue is derived from the Combined PET segment.
75GF Score

Get the complete analysis for FRA:I93

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

€0.55
Price
€0.52
GF Value