Internet Thailand PCL (FRA:IE2A) Cyclically Adjusted PS Ratio: 1.01 (As of Aug. 09, 2026) — 38% 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:IE2A Internet Thailand PCL FRA:IE2A
82 GF Score
Price €0.10
GF Value €0.14
! 7 Warning Signs
View Full Analysis

What is Internet Thailand PCL Cyclically Adjusted PS Ratio?

Internet Thailand PCL FRA:IE2A 82 Cyclically Adjusted PS Ratio is 1.01 as of Aug. 09, 2026, which is 38% below its 10-year median of 1.62. GuruFocus rates FRA:IE2A with a GF Score™ of 82/100 and a GF Value™ of €0.14. The stock has 7 warning signs investors should review. Among 1,607 Software companies, Internet Thailand PCL ranks better than 65.46% on this metric.

As of today (2026-08-09), Internet Thailand PCL's current share price is €0.101. Internet Thailand PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.10. Internet Thailand PCL's Cyclically Adjusted PS Ratio for today is 1.01.

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

FRA:IE2A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.62   Max: 3.65
Current: 0.95

During the past years, Internet Thailand PCL's highest Cyclically Adjusted PS Ratio was 3.65. The lowest was 0.79. And the median was 1.62.

FRA:IE2A's Cyclically Adjusted PS Ratio is ranked better than
65.46% of 1607 companies
in the Software industry
Industry Median: 1.67 vs FRA:IE2A: 0.95

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.

Internet Thailand PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.038. 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 €0.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Internet Thailand PCL  (FRA:IE2A) 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.


Internet Thailand PCL Cyclically Adjusted PS Ratio Related Terms


Internet Thailand PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Internet Thailand 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.

Internet Thailand PCL Cyclically Adjusted PS Ratio Chart

Internet Thailand 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 1.73 1.65 1.22 1.42 0.86

Internet Thailand 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 1.19 1.03 0.92 0.86 0.80

FRA:IE2A vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Internet Thailand 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.


Internet Thailand PCL Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Internet Thailand PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:IE2A
82GF Score
Internet Thailand PCL FRA:IE2A
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Internet Thailand 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.

Internet Thailand PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.101/0.10
=1.01

* 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.

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

For example, Internet Thailand 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)
=0.038/330.2130*330.2130
=0.038

Current CPI (Mar. 2026) = 330.2130.

Internet Thailand PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.017 241.018 0.023
201609 0.013 241.428 0.018
201612 0.012 241.432 0.016
201703 0.014 243.801 0.019
201706 0.011 244.955 0.015
201709 0.013 246.819 0.017
201712 0.014 246.524 0.019
201803 0.017 249.554 0.022
201806 0.018 251.989 0.024
201809 0.018 252.439 0.024
201812 0.025 251.233 0.033
201903 0.026 254.202 0.034
201906 0.030 256.143 0.039
201909 0.028 256.759 0.036
201912 0.025 256.974 0.032
202003 0.027 258.115 0.035
202006 0.026 257.797 0.033
202009 0.024 260.280 0.030
202012 0.025 260.474 0.032
202103 0.022 264.877 0.027
202106 0.021 271.696 0.026
202109 0.027 274.310 0.033
202112 0.028 278.802 0.033
202203 0.026 287.504 0.030
202206 0.026 296.311 0.029
202209 0.028 296.808 0.031
202212 0.030 296.797 0.033
202303 0.027 301.836 0.030
202306 0.027 305.109 0.029
202309 0.027 307.789 0.029
202312 0.030 306.746 0.032
202403 0.031 312.332 0.033
202406 0.030 314.175 0.032
202409 0.034 315.301 0.036
202412 0.034 315.605 0.036
202503 0.033 319.799 0.034
202506 0.035 322.561 0.036
202509 0.036 324.800 0.037
202512 0.038 324.054 0.039
202603 0.038 330.213 0.038

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 1.01 mean?
Internet Thailand PCL (FRA:IE2A) has a Cyclically Adjusted PS Ratio of 1.01 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 Internet Thailand PCL and its competitors. This is 38% below median its historical median of 1.62. Over the past decade, Internet Thailand PCL's Cyclically Adjusted PS Ratio has ranged from 0.79 to 3.65. According to the industry distribution chart, Internet Thailand PCL ranks #555 out of 1607 companies in the Software industry, placing it in the top 34.5%.
Is Internet Thailand PCL's Cyclically Adjusted PS Ratio too high?
Internet Thailand PCL's current Cyclically Adjusted PS Ratio of 1.01 is 38% below median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 3.65. The Software industry median Cyclically Adjusted PS Ratio is 1.67. Internet Thailand PCL's value of 1.01 is 39.5% below this industry median. Based on the distribution chart, Internet Thailand PCL ranks #555 out of 1607 companies in the Software industry, which is above the industry midpoint. Overall, Internet Thailand PCL has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Internet Thailand PCL's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Internet Thailand PCL ranks #555 out of 1607 companies for Cyclically Adjusted PS Ratio. This puts Internet Thailand PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.67. Internet Thailand PCL's value of 1.01 is 39.5% below this benchmark. Historically, Internet Thailand PCL's own Cyclically Adjusted PS Ratio has ranged from 0.79 to 3.65 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.67, Internet Thailand 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.67, based on 1,607 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. Internet Thailand PCL's current Cyclically Adjusted PS Ratio of 1.01 is 39.5% 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 Internet Thailand PCL and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Internet Thailand PCL's current Cyclically Adjusted PS Ratio is 1.01, which is 38% below median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Internet Thailand PCL stock overvalued right now?
Internet Thailand PCL (FRA:IE2A) has a current Cyclically Adjusted PS Ratio of 1.01. The stock's GF Value™ is €0.14, compared to a current price of €0.10 — trading 27.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.01, which is 38% below median its 10-year median of 1.62 and 39.5% below the Software industry median of 1.67. Internet Thailand PCL's overall GF Score™ is 82/100 with 7 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 Internet Thailand PCL (FRA:IE2A), the current Cyclically Adjusted PS Ratio is 1.01 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 Internet Thailand PCL (FRA:IE2A) Overvalued in 2026?

Based on GuruFocus' analysis, Internet Thailand PCL stock appears to be undervalued. The current stock price of €0.10 is trading 27.9% below its estimated GF Value™ of €0.14.

Key valuation signals for FRA:IE2A:

  • Cyclically Adjusted PS Ratio: 1.01 (38% below median its 10-year median of 1.62)
  • GF Value™: €0.14 vs. price of €0.10 (27.9% below fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 39.5% below the Software median (#555 of 1607)

No single metric tells the full story. See the FRA:IE2A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Internet Thailand PCL Business Description

Other Exchanges INET:Thailand
Address New Petchburi Road, No. 1768 Thai Summit Tower, 10th - 12th Floors, and the IT Floor, Bangkapi Sub-district, Huay Khwang District, Bangkok, THA, 10310
Internet Thailand PCL is involved in IT business sector. The company's business is distinguished into groups, which are full Internet access business, data center, business solutions, cloud services, EDC network pool services, and software services. The Internet access business provides full Internet services for home access and business access along with a one-stop service. Its data center provides an Internet data center, which is an information center composed of a security center, disaster recovery center, Web hosting, dedicated server, and co-location. It operates in two business segments which are the Provision of internet access services (Access business); and Integrated services in relation to information and communication technologies (Business solutions).
82GF Score

Get the complete analysis for FRA:IE2A

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

€0.10
Price
€0.14
GF Value