Tata Steel Thailand PCL (FRA:MVX) Cyclically Adjusted PS Ratio: 0.27 (As of Aug. 04, 2026) — 13% Above Median

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FRA:MVX Tata Steel Thailand PCL FRA:MVX
54 GF Score
Price €0.02
GF Value €0.02
Valuation Fairly Valued
! 6 Warning Signs
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What is Tata Steel Thailand PCL Cyclically Adjusted PS Ratio?

Tata Steel Thailand PCL FRA:MVX 54 Cyclically Adjusted PS Ratio is 0.27 as of Aug. 04, 2026, which is 13% above its 10-year median of 0.24. GuruFocus rates FRA:MVX with a GF Score™ of 54/100 and a GF Value™ of €0.02 (Fairly Valued). The stock has 6 warning signs investors should review. Among 515 Steel companies, Tata Steel Thailand PCL ranks better than 64.27% on this metric.

As of today (2026-08-04), Tata Steel Thailand PCL's current share price is €0.0215. Tata Steel Thailand PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €0.08. Tata Steel Thailand PCL's Cyclically Adjusted PS Ratio for today is 0.27.

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

FRA:MVX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.24   Max: 0.78
Current: 0.29

During the past years, Tata Steel Thailand PCL's highest Cyclically Adjusted PS Ratio was 0.78. The lowest was 0.07. And the median was 0.24.

FRA:MVX's Cyclically Adjusted PS Ratio is ranked better than
64.27% of 515 companies
in the Steel industry
Industry Median: 0.45 vs FRA:MVX: 0.29

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.

Tata Steel Thailand PCL's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.022. 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 €0.08 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tata Steel Thailand PCL  (FRA:MVX) 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.


Tata Steel Thailand PCL Cyclically Adjusted PS Ratio Related Terms


Tata Steel Thailand PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tata Steel 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.

Tata Steel Thailand PCL Cyclically Adjusted PS Ratio Chart

Tata Steel Thailand 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 0.49 0.36 0.24 0.18 0.24

Tata Steel Thailand 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 0.21 0.23 0.19 0.24 0.26

FRA:MVX vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Tata Steel 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.


Tata Steel Thailand PCL Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Tata Steel Thailand PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:MVX
54GF Score
Tata Steel Thailand PCL FRA:MVX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tata Steel 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.0215/0.08
=0.27

* 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.

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

For example, Tata Steel Thailand 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)
=0.022/333.9520*333.9520
=0.022

Current CPI (Jun. 2026) = 333.9520.

Tata Steel Thailand PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.012 241.428 0.017
201612 0.016 241.432 0.022
201703 0.016 243.801 0.022
201706 0.014 244.955 0.019
201709 0.016 246.819 0.022
201712 0.019 246.524 0.026
201803 0.015 249.554 0.020
201806 0.017 251.989 0.023
201809 0.018 252.439 0.024
201812 0.016 251.233 0.021
201903 0.013 254.202 0.017
201906 0.018 256.143 0.023
201909 0.018 256.759 0.023
201912 0.017 256.974 0.022
202003 0.017 258.115 0.022
202006 0.016 257.797 0.021
202009 0.020 260.280 0.026
202012 0.016 260.474 0.021
202103 0.017 264.877 0.021
202106 0.025 271.696 0.031
202109 0.024 274.310 0.029
202112 0.026 278.802 0.031
202203 0.028 287.504 0.033
202206 0.028 296.311 0.032
202209 0.026 296.808 0.029
202212 0.022 296.797 0.025
202303 0.022 301.836 0.024
202306 0.019 305.109 0.021
202309 0.019 307.789 0.021
202312 0.015 306.746 0.016
202403 0.021 312.332 0.022
202406 0.019 314.175 0.020
202409 0.020 315.301 0.021
202412 0.019 315.605 0.020
202503 0.021 319.799 0.022
202506 0.020 322.561 0.021
202509 0.023 324.800 0.024
202512 0.019 324.054 0.020
202603 0.019 330.213 0.019
202606 0.022 333.952 0.022

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 0.27 mean?
Tata Steel Thailand PCL (FRA:MVX) has a Cyclically Adjusted PS Ratio of 0.27 as of Aug. 04, 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 Tata Steel Thailand PCL and its competitors. This is 13% above median its historical median of 0.24. Over the past decade, Tata Steel Thailand PCL's Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.78. According to the industry distribution chart, Tata Steel Thailand PCL ranks #184 out of 515 companies in the Steel industry, placing it in the top 35.7%.
Is Tata Steel Thailand PCL's Cyclically Adjusted PS Ratio too high?
Tata Steel Thailand PCL's current Cyclically Adjusted PS Ratio of 0.27 is 13% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.78. The Steel industry median Cyclically Adjusted PS Ratio is 0.45. Tata Steel Thailand PCL's value of 0.27 is 40% below this industry median. Based on the distribution chart, Tata Steel Thailand PCL ranks #184 out of 515 companies in the Steel industry, which is above the industry midpoint. Overall, Tata Steel Thailand PCL has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tata Steel Thailand PCL's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Tata Steel Thailand PCL ranks #184 out of 515 companies for Cyclically Adjusted PS Ratio. This puts Tata Steel Thailand PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Tata Steel Thailand PCL's value of 0.27 is 40% below this benchmark. Historically, Tata Steel Thailand PCL's own Cyclically Adjusted PS Ratio has ranged from 0.07 to 0.78 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.45, Tata Steel 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 Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.45, based on 515 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. Tata Steel Thailand PCL's current Cyclically Adjusted PS Ratio of 0.27 is 40% 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 Tata Steel Thailand PCL and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tata Steel Thailand PCL's current Cyclically Adjusted PS Ratio is 0.27, which is 13% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Steel Thailand PCL stock overvalued right now?
Based on GuruFocus' analysis, Tata Steel Thailand PCL (FRA:MVX) is currently considered Fairly Valued. The stock's GF Value™ is €0.02, compared to a current price of €0.02 — trading 7.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.27, which is 13% above median its 10-year median of 0.24 and 40% below the Steel industry median of 0.45. Tata Steel Thailand PCL's overall GF Score™ is 54/100 with 6 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 Tata Steel Thailand PCL (FRA:MVX), the current Cyclically Adjusted PS Ratio is 0.27 as of Aug. 04, 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 Tata Steel Thailand PCL (FRA:MVX) Overvalued in 2026?

Based on GuruFocus' analysis, Tata Steel Thailand PCL stock appears to be overvalued. The current stock price of €0.02 is trading 7.5% above its estimated GF Value™ of €0.02. GuruFocus considers Tata Steel Thailand PCL to be Fairly Valued.

Key valuation signals for FRA:MVX:

  • Cyclically Adjusted PS Ratio: 0.27 (13% above median its 10-year median of 0.24)
  • GF Value™: €0.02 vs. price of €0.02 (7.5% above fair value)
  • GF Score™: 54/100 with 6 warning signs
  • Industry Position: 40% below the Steel median (#184 of 515)

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


Tata Steel Thailand PCL Business Description

Other Exchanges TSTH:ThailandMVX:Germany
Address Phaholyothin Road, No. 555, 20th Floor, Rasa One, Building B, Chatuchak Sub-district, Chatuchak District, Bangkok, THA, 10900
Tata Steel Thailand PCL is a Thailand-based holding company that is engaged in investing in other companies and providing management services. The company is engaged in manufacturing, rendering manufacturing services, distributing, and trading of steel bars, wire rods, and small-section products through its subsidiaries. The company operates in a single segment, being the Manufacturing and distribution of long steel products. Its product line includes rebar, deformed bar, round bar, cut and bend bars, wire rods, including high carbon wire rods and low carbon, special wire rods, and others.
54GF Score

Get the complete analysis for FRA:MVX

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

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