Bangkok Bank PCL (FRA:NVAB) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:NVAB Bangkok Bank PCL FRA:NVAB
51 GF Score
Price €3.10
GF Value €2.33
! 6 Warning Signs
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What is Bangkok Bank PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bangkok Bank PCL  (FRA:NVAB) 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.


Bangkok Bank PCL Cyclically Adjusted PS Ratio Related Terms


Bangkok Bank PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bangkok Bank 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.

Bangkok Bank PCL Cyclically Adjusted PS Ratio Chart

Bangkok Bank 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 1.71 1.56 1.44 1.34 1.27

Bangkok Bank 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 1.29 1.27 1.27 1.24 1.22

Bangkok Bank PCL Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Bangkok Bank 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.


Bangkok Bank PCL Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bangkok Bank PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:NVAB
51GF Score
Bangkok Bank PCL FRA:NVAB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangkok Bank 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.

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

For example, Bangkok Bank 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)
=0.609/333.9520*333.9520
=0.609

Current CPI (Jun. 2026) = 333.9520.

Bangkok Bank PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.389 241.428 0.538
201612 0.398 241.432 0.551
201703 0.409 243.801 0.560
201706 0.410 244.955 0.559
201709 0.407 246.819 0.551
201712 0.416 246.524 0.564
201803 0.453 249.554 0.606
201806 0.488 251.989 0.647
201809 0.435 252.439 0.575
201812 0.441 251.233 0.586
201903 0.455 254.202 0.598
201906 0.490 256.143 0.639
201909 0.488 256.759 0.635
201912 0.722 256.974 0.938
202003 0.441 258.115 0.571
202006 0.506 257.797 0.655
202009 0.452 260.280 0.580
202012 0.471 260.474 0.604
202103 0.475 264.877 0.599
202106 0.501 271.696 0.616
202109 0.494 274.310 0.601
202112 0.521 278.802 0.624
202203 0.482 287.504 0.560
202206 0.534 296.311 0.602
202209 0.569 296.808 0.640
202212 0.553 296.797 0.622
202303 0.628 301.836 0.695
202306 0.643 305.109 0.704
202309 0.633 307.789 0.687
202312 0.632 306.746 0.688
202403 0.620 312.332 0.663
202406 0.623 314.175 0.662
202409 0.675 315.301 0.715
202412 0.704 315.605 0.745
202503 0.728 319.799 0.760
202506 0.669 322.561 0.693
202509 0.708 324.800 0.728
202512 0.625 324.054 0.644
202603 0.639 330.213 0.646
202606 0.609 333.952 0.609

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.

Is Bangkok Bank PCL (FRA:NVAB) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Bank PCL stock appears to be overvalued. The current stock price of €3.10 is trading 33% above its estimated GF Value™ of €2.33.

Key valuation signals for FRA:NVAB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €2.33 vs. price of €3.10 (33% above fair value)
  • GF Score™: 51/100 with 6 warning signs

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


Bangkok Bank PCL Business Description

Address 333 Silom Road, Bangrak, Bangkok, THA, 10500
Bangkok Bank PCL is a Thai commercial bank with some international exposure. The bank's operaing segments are: Domestic banking, International banking, Investment banking, and Others. The majority of its revenue is generated from the Domestic banking segment, which provides financial services in domestic market. The main products and services offered under this segment are loans, deposits, trade finance, remittances and payments, electronic services, credit cards, debit cards and other related financial services. The International banking segment provides financial services through overseas branches and subsidiaries, and the Investment banking segment provides project services, corporate finance services, financial advisory services, securities business services, etc.
51GF Score

Get the complete analysis for FRA:NVAB

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

€3.10
Price
€2.33
GF Value