FTROF (First Resources) Cyclically Adjusted PS Ratio: 2.94 (As of Jul. 05, 2026) — Near Median


FTROF First Resources Ltd FTROF
93 GF Score
Price $2.26
GF Value $1.56
! 3 Warning Signs
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What is First Resources Cyclically Adjusted PS Ratio?

First Resources FTROF 93 Cyclically Adjusted PS Ratio is 2.94 as of Jul. 05, 2026, which is 8% above its 10-year median of 2.73. GuruFocus rates FTROF with a GF Score™ of 93/100 and a GF Value™ of $1.56. The stock has 3 warning signs investors should review. Among 1,447 Consumer Packaged Goods companies, First Resources ranks worse than 89.56% on this metric.

As of today (2026-07-05), First Resources's current share price is $2.26. First Resources's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was $0.77. First Resources's Cyclically Adjusted PS Ratio for today is 2.94.

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

FTROF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.78   Med: 2.73   Max: 5.66
Current: 3.84

During the past 13 years, First Resources's highest Cyclically Adjusted PS Ratio was 5.66. The lowest was 1.78. And the median was 2.73.

FTROF's Cyclically Adjusted PS Ratio is ranked worse than
89.56% of 1447 companies
in the Consumer Packaged Goods industry
Industry Median: 0.77 vs FTROF: 3.84

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.

First Resources's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $1.072. 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 $0.77 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Resources  (OTCPK:FTROF) 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.


First Resources Cyclically Adjusted PS Ratio Related Terms


First Resources Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for First Resources'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.

First Resources Cyclically Adjusted PS Ratio Chart

First Resources 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 2.46 2.12 1.93 1.90 2.36

First Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.93 0.00 1.90 0.00 2.36

FTROF vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, First Resources'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.


First Resources Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, First Resources's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where First Resources's Cyclically Adjusted PS Ratio falls into.


FTROF
93GF Score
First Resources Ltd FTROF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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First Resources 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.

First Resources's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.26/0.77
=2.94

* 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.

First Resources's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, First Resources's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=1.072/324.0540*324.0540
=1.072

Current CPI (Dec25) = 324.0540.

First Resources Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.363 241.432 0.487
201712 0.408 246.524 0.536
201812 0.400 251.233 0.516
201912 0.388 256.974 0.489
202012 0.418 260.474 0.520
202112 0.654 278.802 0.760
202212 0.778 296.797 0.849
202312 0.626 306.746 0.661
202412 0.668 315.605 0.686
202512 1.072 324.054 1.072

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 2.94 mean?
First Resources (FTROF) has a Cyclically Adjusted PS Ratio of 2.94 as of Jul. 05, 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 First Resources and its competitors. This is near median its historical median of 2.73. Over the past decade, First Resources' Cyclically Adjusted PS Ratio has ranged from 1.78 to 5.66. According to the industry distribution chart, First Resources ranks #1296 out of 1447 companies in the Consumer Packaged Goods industry, placing it in the top 89.6%.
Is First Resources' Cyclically Adjusted PS Ratio too high?
First Resources' current Cyclically Adjusted PS Ratio of 2.94 is near median its 10-year median of 2.73. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 5.66. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. First Resources' value of 2.94 is 281.8% above this industry median. Based on the distribution chart, First Resources ranks #1296 out of 1447 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, First Resources has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does First Resources' Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, First Resources ranks #1296 out of 1447 companies for Cyclically Adjusted PS Ratio. This places First Resources in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. First Resources' value of 2.94 is 281.8% above this benchmark. Historically, First Resources' own Cyclically Adjusted PS Ratio has ranged from 1.78 to 5.66 over the past decade. While the company's 10-year median is 2.73 vs. the industry median of 0.77, First Resources has consistently been above 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,447 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. First Resources's current Cyclically Adjusted PS Ratio of 2.94 is 281.8% above 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 First Resources and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Resources's current Cyclically Adjusted PS Ratio is 2.94, which is near median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Resources stock overvalued right now?
First Resources (FTROF) has a current Cyclically Adjusted PS Ratio of 2.94. The stock's GF Value™ is $1.56, compared to a current price of $2.26 — trading 44.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.94, which is near median its 10-year median of 2.73 and 281.8% above the Consumer Packaged Goods industry median of 0.77. First Resources' overall GF Score™ is 93/100 with 3 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 First Resources (FTROF), the current Cyclically Adjusted PS Ratio is 2.94 as of Jul. 05, 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 First Resources (FTROF) Overvalued in 2026?

Based on GuruFocus' analysis, First Resources stock appears to be overvalued. The current stock price of $2.26 is trading 44.9% above its estimated GF Value™ of $1.56.

Key valuation signals for FTROF:

  • Cyclically Adjusted PS Ratio: 2.94 (near median its 10-year median of 2.73)
  • GF Value™: $1.56 vs. price of $2.26 (44.9% above fair value)
  • GF Score™: 93/100 with 3 warning signs
  • Industry Position: 281.8% above the Consumer Packaged Goods median (#1296 of 1447)

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


First Resources Business Description

Address 7 Temasek Boulevard, No. 24-01, Suntec Tower One, Singapore, SGP, 038987
First Resources Ltd manages hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations, Palm Oil Mills & Refinery and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.
93GF Score

Get the complete analysis for FTROF

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

$2.26
Price
$1.56
GF Value