Krung Thai Bank PCL (FRA:NVPB) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:NVPB Krung Thai Bank PCL FRA:NVPB
44 GF Score
Price €1.04
GF Value €0.49
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Krung Thai Bank PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Krung Thai Bank PCL  (FRA:NVPB) 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.


Krung Thai Bank PCL Cyclically Adjusted PS Ratio Related Terms


Krung Thai Bank PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Krung Thai 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.

Krung Thai Bank PCL Cyclically Adjusted PS Ratio Chart

Krung Thai 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 1.36 1.76 1.63 1.94 2.36

Krung Thai 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 1.75 2.02 2.35 2.76 2.81

Krung Thai Bank PCL Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Krung Thai 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.


Krung Thai Bank PCL Cyclically Adjusted PS Ratio vs Banks Industry

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

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


FRA:NVPB
44GF Score
Krung Thai Bank PCL FRA:NVPB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Krung Thai 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.

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

For example, Krung Thai 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)
=0.073/333.9520*333.9520
=0.073

Current CPI (Jun. 2026) = 333.9520.

Krung Thai Bank PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.058 241.428 0.080
201612 0.059 241.432 0.082
201703 0.060 243.801 0.082
201706 0.057 244.955 0.078
201709 0.056 246.819 0.076
201712 0.058 246.524 0.079
201803 0.056 249.554 0.075
201806 0.058 251.989 0.077
201809 0.056 252.439 0.074
201812 0.059 251.233 0.078
201903 0.069 254.202 0.091
201906 0.063 256.143 0.082
201909 0.066 256.759 0.086
201912 0.071 256.974 0.092
202003 0.067 258.115 0.087
202006 0.069 257.797 0.089
202009 0.060 260.280 0.077
202012 0.059 260.474 0.076
202103 0.060 264.877 0.076
202106 0.058 271.696 0.071
202109 0.056 274.310 0.068
202112 0.059 278.802 0.071
202203 0.061 287.504 0.071
202206 0.061 296.311 0.069
202209 0.065 296.808 0.073
202212 0.070 296.797 0.079
202303 0.072 301.836 0.080
202306 0.071 305.109 0.078
202309 0.075 307.789 0.081
202312 0.077 306.746 0.084
202403 0.078 312.332 0.083
202406 0.075 314.175 0.080
202409 0.079 315.301 0.084
202412 0.080 315.605 0.085
202503 0.083 319.799 0.087
202506 0.078 322.561 0.081
202509 0.082 324.800 0.084
202512 0.075 324.054 0.077
202603 0.079 330.213 0.080
202606 0.073 333.952 0.073

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 Krung Thai Bank PCL (FRA:NVPB) Overvalued in 2026?

Based on GuruFocus' analysis, Krung Thai Bank PCL stock appears to be overvalued. The current stock price of €1.04 is trading 112.2% above its estimated GF Value™ of €0.49. GuruFocus considers Krung Thai Bank PCL to be Significantly Overvalued.

Key valuation signals for FRA:NVPB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.49 vs. price of €1.04 (112.2% above fair value)
  • GF Score™: 44/100 with 7 warning signs

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


Krung Thai Bank PCL Business Description

Address 35 Sukhumvit Road, Klongtoey Nua Subdistrict, Wattana District, Bangkok, THA, 10110
Krung Thai Bank PCL is a commercial bank in Thailand conducting its business through a nationwide branch network and in certain centers of the world. The company operates in the following reportable segments: Retail banking, Corporate banking, and Treasury and investments. Maximum revenue is generated from its Retail banking segment, which develops financial products and services and also provides services for individual customers relating to deposits, loans, payment for goods and services, and others. The Corporate Banking segment provides credit facilities and financial services to corporate clients, and the Treasury and Investments segment controls the bank's financial structure and manages its equity investments, international business, and excess liquidity.
44GF Score

Get the complete analysis for FRA:NVPB

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

€1.04
Price
€0.49
GF Value