Tipco Asphalt PCL (FRA:TPY1) Cyclically Adjusted PS Ratio: 0.64 (As of Jul. 25, 2026) — 16% Below Median

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Director of Data and Quant Analytics at GuruFocus
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FRA:TPY1 Tipco Asphalt PCL FRA:TPY1
79 GF Score
Price €0.34
GF Value €0.33
Valuation Fairly Valued
! 6 Warning Signs
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What is Tipco Asphalt PCL Cyclically Adjusted PS Ratio?

Tipco Asphalt PCL FRA:TPY1 +1.20% 79 Cyclically Adjusted PS Ratio is 0.64 as of Jul. 25, 2026, which is 16% below its 10-year median of 0.76. GuruFocus rates FRA:TPY1 with a GF Score™ of 79/100 and a GF Value™ of €0.33 (Fairly Valued). The stock has 6 warning signs investors should review. Among 325 Building Materials companies, Tipco Asphalt PCL ranks better than 66.46% on this metric.

As of today (2026-07-25), Tipco Asphalt PCL's current share price is €0.338. Tipco Asphalt PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.53. Tipco Asphalt PCL's Cyclically Adjusted PS Ratio for today is 0.64.

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

FRA:TPY1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.76   Max: 1.31
Current: 0.64

During the past years, Tipco Asphalt PCL's highest Cyclically Adjusted PS Ratio was 1.31. The lowest was 0.59. And the median was 0.76.

FRA:TPY1's Cyclically Adjusted PS Ratio is ranked better than
66.46% of 325 companies
in the Building Materials industry
Industry Median: 1.05 vs FRA:TPY1: 0.64

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.

Tipco Asphalt PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was €0.126. 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 €0.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tipco Asphalt PCL  (FRA:TPY1) 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.


Tipco Asphalt PCL Cyclically Adjusted PS Ratio Related Terms


Tipco Asphalt PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tipco Asphalt 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.

Tipco Asphalt PCL Cyclically Adjusted PS Ratio Chart

Tipco Asphalt 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 0.76 0.70 0.68 0.80 0.63

Tipco Asphalt 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 0.63 0.61 0.66 0.63 0.61

FRA:TPY1 vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Tipco Asphalt 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.


Tipco Asphalt PCL Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:TPY1
79GF Score
Tipco Asphalt PCL FRA:TPY1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tipco Asphalt 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.

Tipco Asphalt PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.338/0.53
=0.64

* 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.

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

For example, Tipco Asphalt 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)
=0.126/330.2130*330.2130
=0.126

Current CPI (Mar. 2026) = 330.2130.

Tipco Asphalt PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.089 241.018 0.122
201609 0.079 241.428 0.108
201612 0.121 241.432 0.165
201703 0.143 243.801 0.194
201706 0.137 244.955 0.185
201709 0.083 246.819 0.111
201712 0.108 246.524 0.145
201803 0.087 249.554 0.115
201806 0.097 251.989 0.127
201809 0.118 252.439 0.154
201812 0.163 251.233 0.214
201903 0.125 254.202 0.162
201906 0.195 256.143 0.251
201909 0.178 256.759 0.229
201912 0.181 256.974 0.233
202003 0.091 258.115 0.116
202006 0.118 257.797 0.151
202009 0.147 260.280 0.186
202012 0.103 260.474 0.131
202103 0.102 264.877 0.127
202106 0.129 271.696 0.157
202109 0.112 274.310 0.135
202112 0.109 278.802 0.129
202203 0.126 287.504 0.145
202206 0.134 296.311 0.149
202209 0.142 296.808 0.158
202212 0.175 296.797 0.195
202303 0.157 301.836 0.172
202306 0.135 305.109 0.146
202309 0.119 307.789 0.128
202312 0.114 306.746 0.123
202403 0.092 312.332 0.097
202406 0.084 314.175 0.088
202409 0.157 315.301 0.164
202412 0.138 315.605 0.144
202503 0.124 319.799 0.128
202506 0.107 322.561 0.110
202509 0.105 324.800 0.107
202512 0.118 324.054 0.120
202603 0.126 330.213 0.126

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 0.64 mean?
Tipco Asphalt PCL (FRA:TPY1) has a Cyclically Adjusted PS Ratio of 0.64 as of Jul. 25, 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 Tipco Asphalt PCL and its competitors. This is 16% below median its historical median of 0.76. Over the past decade, Tipco Asphalt PCL's Cyclically Adjusted PS Ratio has ranged from 0.59 to 1.31. According to the industry distribution chart, Tipco Asphalt PCL ranks #109 out of 325 companies in the Building Materials industry, placing it in the top 33.5%.
Is Tipco Asphalt PCL's Cyclically Adjusted PS Ratio too high?
Tipco Asphalt PCL's current Cyclically Adjusted PS Ratio of 0.64 is 16% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.31. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.05. Tipco Asphalt PCL's value of 0.64 is 39% below this industry median. Based on the distribution chart, Tipco Asphalt PCL ranks #109 out of 325 companies in the Building Materials industry, which is above the industry midpoint. Overall, Tipco Asphalt PCL has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tipco Asphalt PCL's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Tipco Asphalt PCL ranks #109 out of 325 companies for Cyclically Adjusted PS Ratio. This puts Tipco Asphalt PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.05. Tipco Asphalt PCL's value of 0.64 is 39% below this benchmark. Historically, Tipco Asphalt PCL's own Cyclically Adjusted PS Ratio has ranged from 0.59 to 1.31 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.05, Tipco Asphalt 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 Building Materials company?
The median Cyclically Adjusted PS Ratio among Building Materials companies is 1.05, based on 325 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. Tipco Asphalt PCL's current Cyclically Adjusted PS Ratio of 0.64 is 39% 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 Tipco Asphalt PCL and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tipco Asphalt PCL's current Cyclically Adjusted PS Ratio is 0.64, which is 16% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tipco Asphalt PCL stock overvalued right now?
Based on GuruFocus' analysis, Tipco Asphalt PCL (FRA:TPY1) is currently considered Fairly Valued. The stock's GF Value™ is €0.33, compared to a current price of €0.34 — trading 2.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.64, which is 16% below median its 10-year median of 0.76 and 39% below the Building Materials industry median of 1.05. Tipco Asphalt PCL's overall GF Score™ is 79/100 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 Tipco Asphalt PCL (FRA:TPY1), the current Cyclically Adjusted PS Ratio is 0.64 as of Jul. 25, 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 Tipco Asphalt PCL (FRA:TPY1) Overvalued in 2026?

Based on GuruFocus' analysis, Tipco Asphalt PCL stock appears to be overvalued. The current stock price of €0.34 is trading 2.4% above its estimated GF Value™ of €0.33. GuruFocus considers Tipco Asphalt PCL to be Fairly Valued.

Key valuation signals for FRA:TPY1:

  • Cyclically Adjusted PS Ratio: 0.64 (16% below median its 10-year median of 0.76)
  • GF Value™: €0.33 vs. price of €0.34 (2.4% above fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 39% below the Building Materials median (#109 of 325)

No single metric tells the full story. See the FRA:TPY1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tipco Asphalt PCL Business Description

Other Exchanges TASCO:ThailandNVP5:Germany
Address 118/1 Rama 6 Road, Tipco Tower 1, Phayathai Sub District, Phayathai District, Bangkok, THA, 10400
Tipco Asphalt PCL is engaged in the production and sale of asphalt and petroleum-related products, as well as the provision of construction materials and related services. The company operates through two reportable segments: the Construction segment and the Manufacturing and Trading segment. The Construction segment conducts construction services related to highway construction and road rehabilitation in Thailand. The Manufacturing and Trading segment is involved in the manufacturing and trading of asphalt, petroleum oil products, and asphalt concrete in both domestic and overseas markets, supported by marine logistics operations. It generates the majority of its revenue from the Manufacturing and Trading segment.
79GF Score

Get the complete analysis for FRA:TPY1

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

€0.34
Price
€0.33
GF Value