Siam Cement PCL (FRA:NVAQ) Cyclically Adjusted PS Ratio: (As of Aug. 17, 2026)

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Director of Data and Quant Analytics at GuruFocus
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FRA:NVAQ Siam Cement PCL FRA:NVAQ
61 GF Score
Price €4.16
GF Value €2.13
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Siam Cement PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Siam Cement PCL  (FRA:NVAQ) 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.


Siam Cement PCL Cyclically Adjusted PS Ratio Related Terms


Siam Cement PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Siam Cement 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.

Siam Cement PCL Cyclically Adjusted PS Ratio Chart

Siam Cement 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 0.91 0.75 0.66 0.36 0.39

Siam Cement 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 0.36 0.49 0.39 0.43 0.00

FRA:NVAQ vs MMM, HON: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Siam Cement 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.


Siam Cement PCL Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Siam Cement PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:NVAQ
61GF Score
Siam Cement PCL FRA:NVAQ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Siam Cement 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.

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

For example, Siam Cement 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)
=2.995/333.9520*333.9520
=2.995

Current CPI (Jun. 2026) = 333.9520.

Siam Cement PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.245 241.428 3.105
201612 2.200 241.432 3.043
201703 2.598 243.801 3.559
201706 2.375 244.955 3.238
201709 2.372 246.819 3.209
201712 2.448 246.524 3.316
201803 2.557 249.554 3.422
201806 2.645 251.989 3.505
201809 2.686 252.439 3.553
201812 2.625 251.233 3.489
201903 2.612 254.202 3.431
201906 2.587 256.143 3.373
201909 2.732 256.759 3.553
201912 2.637 256.974 3.427
202003 2.485 258.115 3.215
202006 2.281 257.797 2.955
202009 2.277 260.280 2.922
202012 2.213 260.474 2.837
202103 2.775 264.877 3.499
202106 2.938 271.696 3.611
202109 2.821 274.310 3.434
202112 3.134 278.802 3.754
202203 3.471 287.504 4.032
202206 3.442 296.311 3.879
202209 3.239 296.808 3.644
202212 2.764 296.797 3.110
202303 2.907 301.836 3.216
202306 2.748 305.109 3.008
202309 2.728 307.789 2.960
202312 2.635 306.746 2.869
202403 2.649 312.332 2.832
202406 2.704 314.175 2.874
202409 2.889 315.301 3.060
202412 3.034 315.605 3.210
202503 2.852 319.799 2.978
202506 2.765 322.561 2.863
202509 2.717 324.800 2.794
202512 2.840 324.054 2.927
202603 2.758 330.213 2.789
202606 2.995 333.952 2.995

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 Siam Cement PCL (FRA:NVAQ) Overvalued in 2026?

Based on GuruFocus' analysis, Siam Cement PCL stock appears to be overvalued. The current stock price of €4.16 is trading 95.3% above its estimated GF Value™ of €2.13. GuruFocus considers Siam Cement PCL to be Significantly Overvalued.

Key valuation signals for FRA:NVAQ:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €2.13 vs. price of €4.16 (95.3% above fair value)
  • GF Score™: 61/100 with 8 warning signs

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


Siam Cement PCL Business Description

Address 1 Siam Cement Road, Bangsue, Bangkok, THA, 10800
Siam Cement PCL is a holding company which manufactures and sells a variety of building materials, chemicals, and packaging products. Its segment includes SCG Cement and Green Solutions Business, SCG Smart Living Business and SCG Distribution and Retail Business, SCG Decor (SCGD), Chemicals Business (SCGC), SCGP and Others. Its geographic segments include Thailand, Vietnam, Indonesia, and Others. It generates the majority of its revenue from Thailand.
61GF Score

Get the complete analysis for FRA:NVAQ

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

€4.16
Price
€2.13
GF Value