Thai Vegetable Oil PCL (FRA:TVTB) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:TVTB Thai Vegetable Oil PCL FRA:TVTB
61 GF Score
Price €0.71
GF Value €0.58
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Thai Vegetable Oil PCL Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Vegetable Oil PCL  (FRA:TVTB) 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.


Thai Vegetable Oil PCL Cyclically Adjusted PS Ratio Related Terms


Thai Vegetable Oil PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thai Vegetable Oil 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.

Thai Vegetable Oil PCL Cyclically Adjusted PS Ratio Chart

Thai Vegetable Oil 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 0.84 0.82 0.57 0.63 0.58

Thai Vegetable Oil 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 0.53 0.64 0.58 0.64 0.65

FRA:TVTB vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Thai Vegetable Oil 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.


Thai Vegetable Oil PCL Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Vegetable Oil PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:TVTB
61GF Score
Thai Vegetable Oil PCL FRA:TVTB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Vegetable Oil 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.

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

For example, Thai Vegetable Oil 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)
=0.246/333.9520*333.9520
=0.246

Current CPI (Jun. 2026) = 333.9520.

Thai Vegetable Oil PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.217 241.428 0.300
201612 0.208 241.432 0.288
201703 0.183 243.801 0.251
201706 0.185 244.955 0.252
201709 0.175 246.819 0.237
201712 0.178 246.524 0.241
201803 0.184 249.554 0.246
201806 0.173 251.989 0.229
201809 0.188 252.439 0.249
201812 0.187 251.233 0.249
201903 0.188 254.202 0.247
201906 0.188 256.143 0.245
201909 0.191 256.759 0.248
201912 0.197 256.974 0.256
202003 0.214 258.115 0.277
202006 0.183 257.797 0.237
202009 0.185 260.280 0.237
202012 0.204 260.474 0.262
202103 0.238 264.877 0.300
202106 0.229 271.696 0.281
202109 0.225 274.310 0.274
202112 0.240 278.802 0.287
202203 0.283 287.504 0.329
202206 0.266 296.311 0.300
202209 0.316 296.808 0.356
202212 0.302 296.797 0.340
202303 0.292 301.836 0.323
202306 0.272 305.109 0.298
202309 0.221 307.789 0.240
202312 0.238 306.746 0.259
202403 0.224 312.332 0.240
202406 0.206 314.175 0.219
202409 0.227 315.301 0.240
202412 0.246 315.605 0.260
202503 0.216 319.799 0.226
202506 0.199 322.561 0.206
202509 0.191 324.800 0.196
202512 0.236 324.054 0.243
202603 0.235 330.213 0.238
202606 0.246 333.952 0.246

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 Thai Vegetable Oil PCL (FRA:TVTB) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Vegetable Oil PCL stock appears to be overvalued. The current stock price of €0.71 is trading 22.4% above its estimated GF Value™ of €0.58. GuruFocus considers Thai Vegetable Oil PCL to be Modestly Overvalued.

Key valuation signals for FRA:TVTB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €0.58 vs. price of €0.71 (22.4% above fair value)
  • GF Score™: 61/100 with 5 warning signs

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


Thai Vegetable Oil PCL Business Description

Other Exchanges TVO:Thailand
Address 149 Ratchadapisek Road (Thapra-Taksin), Bukkhalo Sub-District, Thonburi District, Bangkok, THA, 10600
Thai Vegetable Oil PCL is engaged in the manufacture and distribution of soy meal and soybean oil. The company has three reportable segments, namely, the manufacture and distribution of products from the soybean segment, which derives key revenue and is engaged in the manufacturing and distribution of soy meal and soybean oil; the manufacture and distribution of packaging products; and the Other segment, which is the distribution of consumer products. The company operates in Thailand only.
61GF Score

Get the complete analysis for FRA:TVTB

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

€0.71
Price
€0.58
GF Value