CP All PCL (SGX:TCPD) Cyclically Adjusted PS Ratio: 0.54 (As of Aug. 01, 2026) — 57% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:TCPD CP All PCL SGX:TCPD
88 GF Score
Price S$1.80
GF Value S$2.34
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is CP All PCL Cyclically Adjusted PS Ratio?

CP All PCL SGX:TCPD 88 Cyclically Adjusted PS Ratio is 0.54 as of Aug. 01, 2026, which is 57% below its 10-year median of 1.27. GuruFocus rates SGX:TCPD with a GF Score™ of 88/100 and a GF Value™ of S$2.34 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 240 Retail - Defensive companies, CP All PCL ranks worse than 53.33% on this metric.

As of today (2026-08-01), CP All PCL's current share price is S$1.80. CP All PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was S$3.33. CP All PCL's Cyclically Adjusted PS Ratio for today is 0.54.

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

SGX:TCPD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.49   Med: 1.27   Max: 2.85
Current: 0.53

During the past years, CP All PCL's highest Cyclically Adjusted PS Ratio was 2.85. The lowest was 0.49. And the median was 1.27.

SGX:TCPD's Cyclically Adjusted PS Ratio is ranked worse than
53.33% of 240 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs SGX:TCPD: 0.53

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.

CP All PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was S$1.154. 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 S$3.33 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CP All PCL  (SGX:TCPD) 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.


CP All PCL Cyclically Adjusted PS Ratio Related Terms


CP All PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CP All 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.

CP All PCL Cyclically Adjusted PS Ratio Chart

CP All 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 1.12 1.09 0.79 0.71 0.51

CP All 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 0.62 0.53 0.56 0.51 0.52

SGX:TCPD vs KR, SFM: Cyclically Adjusted PS Ratio Comparison

For the Grocery Stores subindustry, CP All 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.


CP All PCL Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, CP All PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SGX:TCPD
88GF Score
CP All PCL SGX:TCPD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CP All 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.

CP All PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.80/3.33
=0.54

* 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.

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

For example, CP All 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)
=1.154/330.2130*330.2130
=1.154

Current CPI (Mar. 2026) = 330.2130.

CP All PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.470 241.018 0.644
201609 0.474 241.428 0.648
201612 0.496 241.432 0.678
201703 0.508 243.801 0.688
201706 0.526 244.955 0.709
201709 0.536 246.819 0.717
201712 0.567 246.524 0.759
201803 0.579 249.554 0.766
201806 0.577 251.989 0.756
201809 0.587 252.439 0.768
201812 0.627 251.233 0.824
201903 0.637 254.202 0.827
201906 0.674 256.143 0.869
201909 0.681 256.759 0.876
201912 0.715 256.974 0.919
202003 0.693 258.115 0.887
202006 0.613 257.797 0.785
202009 0.630 260.280 0.799
202012 0.650 260.474 0.824
202103 0.624 264.877 0.778
202106 0.563 271.696 0.684
202109 0.479 274.310 0.577
202112 0.809 278.802 0.958
202203 0.884 287.504 1.015
202206 0.852 296.311 0.949
202209 0.840 296.808 0.935
202212 0.947 296.797 1.054
202303 0.935 301.836 1.023
202306 0.941 305.109 1.018
202309 0.907 307.789 0.973
202312 0.991 306.746 1.067
202403 0.973 312.332 1.029
202406 0.988 314.175 1.038
202409 1.015 315.301 1.063
202412 1.099 315.605 1.150
202503 1.082 319.799 1.117
202506 1.092 322.561 1.118
202509 1.091 324.800 1.109
202512 1.162 324.054 1.184
202603 1.154 330.213 1.154

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 0.54 mean?
CP All PCL (SGX:TCPD) has a Cyclically Adjusted PS Ratio of 0.54 as of Aug. 01, 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 CP All PCL and its competitors. This is 57% below median its historical median of 1.27. Over the past decade, CP All PCL's Cyclically Adjusted PS Ratio has ranged from 0.49 to 2.85. According to the industry distribution chart, CP All PCL ranks #128 out of 240 companies in the Retail - Defensive industry, placing it in the top 53.3%.
Is CP All PCL's Cyclically Adjusted PS Ratio too high?
CP All PCL's current Cyclically Adjusted PS Ratio of 0.54 is 57% below median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 2.85. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.44. CP All PCL's value of 0.54 is 22.7% above this industry median. Based on the distribution chart, CP All PCL ranks #128 out of 240 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, CP All PCL has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CP All PCL's Cyclically Adjusted PS Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, CP All PCL ranks #128 out of 240 companies for Cyclically Adjusted PS Ratio. This places CP All PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.44. CP All PCL's value of 0.54 is 22.7% above this benchmark. Historically, CP All PCL's own Cyclically Adjusted PS Ratio has ranged from 0.49 to 2.85 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 0.44, CP All PCL 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 Retail - Defensive company?
The median Cyclically Adjusted PS Ratio among Retail - Defensive companies is 0.44, based on 240 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. CP All PCL's current Cyclically Adjusted PS Ratio of 0.54 is 22.7% 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 CP All PCL and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PS Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CP All PCL's current Cyclically Adjusted PS Ratio is 0.54, which is 57% below median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CP All PCL stock overvalued right now?
Based on GuruFocus' analysis, CP All PCL (SGX:TCPD) is currently considered Modestly Undervalued. The stock's GF Value™ is S$2.34, compared to a current price of S$1.80 — trading 23.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.54, which is 57% below median its 10-year median of 1.27 and 22.7% above the Retail - Defensive industry median of 0.44. CP All PCL's overall GF Score™ is 88/100 with 5 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 CP All PCL (SGX:TCPD), the current Cyclically Adjusted PS Ratio is 0.54 as of Aug. 01, 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 CP All PCL (SGX:TCPD) Overvalued in 2026?

Based on GuruFocus' analysis, CP All PCL stock appears to be undervalued. The current stock price of S$1.80 is trading 23.1% below its estimated GF Value™ of S$2.34. GuruFocus considers CP All PCL to be Modestly Undervalued.

Key valuation signals for SGX:TCPD:

  • Cyclically Adjusted PS Ratio: 0.54 (57% below median its 10-year median of 1.27)
  • GF Value™: S$2.34 vs. price of S$1.80 (23.1% below fair value)
  • GF Score™: 88/100 with 5 warning signs
  • Industry Position: 22.7% above the Retail - Defensive median (#128 of 240)

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


CP All PCL Business Description

Address Silom Road, 313 C.P. Tower, 24th Floor, Kwang Silom, Khet Bang Rak, Bangkok, THA, 10500
CP All PCL is the sole operator of 7-Eleven convenience stores in Thailand. Almost half of the stores are located in Bangkok and its vicinities, with the remaining located in provincial areas. The company also operates other related businesses, such as bill payment collection services, manufacturing and sale of convenience food and bakery products, sale and maintenance of retail equipment, payment for products and services, information technology services, logistics services, marketing services, educational institution, and training and business seminar services, including catalog sales and e-commerce businesses. The company has four reportable segments: convenience stores, wholesale, retail and mall, and others. The majority of its revenue from Convenience stores segment.
88GF Score

Get the complete analysis for SGX:TCPD

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

S$1.80
Price
S$2.34
GF Value