Thal (KAR:THALL) Cyclically Adjusted PS Ratio: 1.46 (As of Jul. 19, 2026) — 30% Above Median

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KAR:THALL Thal Ltd KAR:THALL
79 GF Score
Price ₨590.00
GF Value ₨529.06
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Thal Cyclically Adjusted PS Ratio?

Thal KAR:THALL -1.01% 79 Cyclically Adjusted PS Ratio is 1.46 as of Jul. 19, 2026, which is 30% above its 10-year median of 1.12. GuruFocus rates KAR:THALL with a GF Score™ of 79/100 and a GF Value™ of ₨529.06 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,040 Vehicles & Parts companies, Thal ranks worse than 69.33% on this metric.

As of today (2026-07-19), Thal's current share price is ₨590.00. Thal's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₨402.99. Thal's Cyclically Adjusted PS Ratio for today is 1.46.

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

KAR:THALL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.12   Max: 1.77
Current: 1.46

During the past years, Thal's highest Cyclically Adjusted PS Ratio was 1.77. The lowest was 0.46. And the median was 1.12.

KAR:THALL's Cyclically Adjusted PS Ratio is ranked worse than
69.33% of 1040 companies
in the Vehicles & Parts industry
Industry Median: 0.74 vs KAR:THALL: 1.46

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.

Thal's adjusted revenue per share data for the three months ended in Mar. 2026 was ₨117.541. 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 ₨402.99 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thal  (KAR:THALL) 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.


Thal Cyclically Adjusted PS Ratio Related Terms


Thal Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thal'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.

Thal Cyclically Adjusted PS Ratio Chart

Thal Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 0.87 0.48 1.35 1.05

Thal 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 1.05 1.05 1.49 1.39 1.54

KAR:THALL vs ORLY, AZO, GPC: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, Thal'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.


Thal Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thal's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


KAR:THALL
79GF Score
Thal Ltd KAR:THALL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thal 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.

Thal's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=590.00/402.99
=1.46

* 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.

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

For example, Thal'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)
=117.541/330.2130*330.2130
=117.541

Current CPI (Mar. 2026) = 330.2130.

Thal Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 57.116 241.018 78.253
201609 46.815 241.428 64.031
201612 53.112 241.432 72.643
201703 63.873 243.801 86.512
201706 60.048 244.955 80.948
201709 53.581 246.819 71.685
201712 56.922 246.524 76.246
201803 67.077 249.554 88.757
201806 73.042 251.989 95.716
201809 63.534 252.439 83.108
201812 73.669 251.233 96.828
201903 77.168 254.202 100.243
201906 76.145 256.143 98.164
201909 51.671 256.759 66.453
201912 50.075 256.974 64.347
202003 71.957 258.115 92.056
202006 40.492 257.797 51.866
202009 68.634 260.280 87.075
202012 85.287 260.474 108.122
202103 106.180 264.877 132.371
202106 105.701 271.696 128.467
202109 102.220 274.310 123.052
202112 125.106 278.802 148.176
202203 135.277 287.504 155.373
202206 128.723 296.311 143.451
202209 89.695 296.808 99.790
202212 99.806 296.797 111.043
202303 129.786 301.836 141.988
202306 89.553 305.109 96.921
202309 75.197 307.789 80.675
202312 71.011 306.746 76.444
202403 109.699 312.332 115.979
202406 106.898 314.175 112.355
202409 80.208 315.301 84.001
202412 103.382 315.605 108.167
202503 105.329 319.799 108.759
202506 119.863 322.561 122.706
202509 128.562 324.800 130.705
202512 126.446 324.054 128.849
202603 117.541 330.213 117.541

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 1.46 mean?
Thal (KAR:THALL) has a Cyclically Adjusted PS Ratio of 1.46 as of Jul. 19, 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 Thal and its competitors. This is 30% above median its historical median of 1.12. Over the past decade, Thal's Cyclically Adjusted PS Ratio has ranged from 0.46 to 1.77. According to the industry distribution chart, Thal ranks #721 out of 1040 companies in the Vehicles & Parts industry, placing it in the top 69.3%.
Is Thal's Cyclically Adjusted PS Ratio too high?
Thal's current Cyclically Adjusted PS Ratio of 1.46 is 30% above median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.77. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.74. Thal's value of 1.46 is 97.3% above this industry median. Based on the distribution chart, Thal ranks #721 out of 1040 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Thal has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thal's Cyclically Adjusted PS Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Thal ranks #721 out of 1040 companies for Cyclically Adjusted PS Ratio. This places Thal in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.74. Thal's value of 1.46 is 97.3% above this benchmark. Historically, Thal's own Cyclically Adjusted PS Ratio has ranged from 0.46 to 1.77 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 0.74, Thal 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.74, based on 1,040 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. Thal's current Cyclically Adjusted PS Ratio of 1.46 is 97.3% 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 Thal and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thal's current Cyclically Adjusted PS Ratio is 1.46, which is 30% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thal stock overvalued right now?
Based on GuruFocus' analysis, Thal (KAR:THALL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨529.06, compared to a current price of ₨590.00 — trading 11.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.46, which is 30% above median its 10-year median of 1.12 and 97.3% above the Vehicles & Parts industry median of 0.74. Thal's overall GF Score™ is 79/100 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 Thal (KAR:THALL), the current Cyclically Adjusted PS Ratio is 1.46 as of Jul. 19, 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 Thal (KAR:THALL) Overvalued in 2026?

Based on GuruFocus' analysis, Thal stock appears to be overvalued. The current stock price of ₨590.00 is trading 11.5% above its estimated GF Value™ of ₨529.06. GuruFocus considers Thal to be Modestly Overvalued.

Key valuation signals for KAR:THALL:

  • Cyclically Adjusted PS Ratio: 1.46 (30% above median its 10-year median of 1.12)
  • GF Value™: ₨529.06 vs. price of ₨590.00 (11.5% above fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 97.3% above the Vehicles & Parts median (#721 of 1040)

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


Thal Business Description

Address Plot 3, Jinnah Cooperative Housing Society, 4th Floor, House of Habib, Block 7/8, Shahrah-e-Faisal, Karachi, PAK, 75350
Thal Ltd is a diversified industrial manufacturer operating in engineering, packaging, and laminate sheets. Its engineering segment produces automotive parts, including air-conditioners, radiators, wire harnesses, and engine components. The packaging segment offers jute goods, paper sacks, woven polypropylene packaging, and laminate sheets for various industries. The company's operations span multiple cities in Pakistan and include export activities to many countries. It also has interests in energy through coal mining and power generation ventures. The Company's operating businesses are categorized under two segments, namely the Engineering segment and the Building Material & Allied Products segment. The majority of revenue comes from the Engineering segment.
79GF Score

Get the complete analysis for KAR:THALL

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

₨590.00
Price
₨529.06
GF Value