Ba Ria Thermal Power JSC (STC:BTP) Cyclically Adjusted PS Ratio: 0.33 (As of Aug. 23, 2026) — 31% 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.

STC:BTP Ba Ria Thermal Power JSC STC:BTP
70 GF Score
Price ₫7,380.00
GF Value ₫8,563.21
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Ba Ria Thermal Power JSC Cyclically Adjusted PS Ratio?

Ba Ria Thermal Power JSC STC:BTP -0.14% 70 Cyclically Adjusted PS Ratio is 0.33 as of Aug. 23, 2026, which is 31% below its 10-year median of 0.48. GuruFocus rates STC:BTP with a GF Score™ of 70/100 and a GF Value™ of ₫8,563.21 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 438 Utilities - Regulated companies, Ba Ria Thermal Power JSC ranks better than 86.53% on this metric.

As of today (2026-08-23), Ba Ria Thermal Power JSC's current share price is ₫7380.00. Ba Ria Thermal Power JSC's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was ₫22,527.99. Ba Ria Thermal Power JSC's Cyclically Adjusted PS Ratio for today is 0.33.

The historical rank and industry rank for Ba Ria Thermal Power JSC's Cyclically Adjusted PS Ratio or its related term are showing as below:

STC:BTP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.48   Max: 0.69
Current: 0.33

During the past 13 years, Ba Ria Thermal Power JSC's highest Cyclically Adjusted PS Ratio was 0.69. The lowest was 0.33. And the median was 0.48.

STC:BTP's Cyclically Adjusted PS Ratio is ranked better than
86.53% of 438 companies
in the Utilities - Regulated industry
Industry Median: 1.44 vs STC:BTP: 0.33

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.

Ba Ria Thermal Power JSC's adjusted revenue per share data of for the fiscal year that ended in Dec25 was ₫4,352.716. 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 ₫22,527.99 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ba Ria Thermal Power JSC  (STC:BTP) 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.


Ba Ria Thermal Power JSC Cyclically Adjusted PS Ratio Related Terms


Ba Ria Thermal Power JSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ba Ria Thermal Power JSC'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.

Ba Ria Thermal Power JSC Cyclically Adjusted PS Ratio Chart

Ba Ria Thermal Power JSC 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 0.58 0.48 0.55 0.47 0.40

Ba Ria Thermal Power JSC Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.51 0.47 0.49 0.40 0.37

STC:BTP vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, Ba Ria Thermal Power JSC'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.


Ba Ria Thermal Power JSC Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ba Ria Thermal Power JSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ba Ria Thermal Power JSC's Cyclically Adjusted PS Ratio falls into.


STC:BTP
70GF Score
Ba Ria Thermal Power JSC STC:BTP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ba Ria Thermal Power JSC 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.

Ba Ria Thermal Power JSC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7380.00/22527.99
=0.33

* 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.

Ba Ria Thermal Power JSC's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Ba Ria Thermal Power JSC'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)
=4352.716/324.0540*324.0540
=4,352.716

Current CPI (Dec25) = 324.0540.

Ba Ria Thermal Power JSC Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 27,574.104 241.432 37,010.416
201712 40,404.628 246.524 53,111.589
201812 18,302.552 251.233 23,607.628
201912 31,326.623 256.974 39,504.065
202012 12,402.487 260.474 15,429.853
202112 20,052.689 278.802 23,307.416
202212 8,489.428 296.797 9,269.073
202312 12,892.593 306.746 13,620.052
202412 5,908.917 315.605 6,067.103
202512 4,352.716 324.054 4,352.716

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 0.33 mean?
Ba Ria Thermal Power JSC (STC:BTP) has a Cyclically Adjusted PS Ratio of 0.33 as of Aug. 23, 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 Ba Ria Thermal Power JSC and its competitors. This is 31% below median its historical median of 0.48. Over the past decade, Ba Ria Thermal Power JSC's Cyclically Adjusted PS Ratio has ranged from 0.33 to 0.69. According to the industry distribution chart, Ba Ria Thermal Power JSC ranks #59 out of 438 companies in the Utilities - Regulated industry, placing it in the top 13.5%.
Is Ba Ria Thermal Power JSC's Cyclically Adjusted PS Ratio too high?
Ba Ria Thermal Power JSC's current Cyclically Adjusted PS Ratio of 0.33 is 31% below median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.69. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.44. Ba Ria Thermal Power JSC's value of 0.33 is 77.1% below this industry median. Based on the distribution chart, Ba Ria Thermal Power JSC ranks #59 out of 438 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Ba Ria Thermal Power JSC has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ba Ria Thermal Power JSC's Cyclically Adjusted PS Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Ba Ria Thermal Power JSC ranks #59 out of 438 companies for Cyclically Adjusted PS Ratio. This places Ba Ria Thermal Power JSC in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.44. Ba Ria Thermal Power JSC's value of 0.33 is 77.1% below this benchmark. Historically, Ba Ria Thermal Power JSC's own Cyclically Adjusted PS Ratio has ranged from 0.33 to 0.69 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 1.44, Ba Ria Thermal Power JSC 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 an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.44, based on 438 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. Ba Ria Thermal Power JSC's current Cyclically Adjusted PS Ratio of 0.33 is 77.1% 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 Ba Ria Thermal Power JSC and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ba Ria Thermal Power JSC's current Cyclically Adjusted PS Ratio is 0.33, which is 31% below median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ba Ria Thermal Power JSC stock overvalued right now?
Based on GuruFocus' analysis, Ba Ria Thermal Power JSC (STC:BTP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫8,563.21, compared to a current price of ₫7,380.00 — trading 13.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.33, which is 31% below median its 10-year median of 0.48 and 77.1% below the Utilities - Regulated industry median of 1.44. Ba Ria Thermal Power JSC's overall GF Score™ is 70/100 with 4 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 Ba Ria Thermal Power JSC (STC:BTP), the current Cyclically Adjusted PS Ratio is 0.33 as of Aug. 23, 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 Ba Ria Thermal Power JSC (STC:BTP) Overvalued in 2026?

Based on GuruFocus' analysis, Ba Ria Thermal Power JSC stock appears to be undervalued. The current stock price of ₫7,380.00 is trading 13.8% below its estimated GF Value™ of ₫8,563.21. GuruFocus considers Ba Ria Thermal Power JSC to be Modestly Undervalued.

Key valuation signals for STC:BTP:

  • Cyclically Adjusted PS Ratio: 0.33 (31% below median its 10-year median of 0.48)
  • GF Value™: ₫8,563.21 vs. price of ₫7,380.00 (13.8% below fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 77.1% below the Utilities - Regulated median (#59 of 438)

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


Ba Ria Thermal Power JSC Business Description

Address Long Huong Ward, Vung Tau Province, Ba Ria Town, VNM
Ba Ria Thermal Power JSC is a Vietnam based company engaged in producing electricity. The company produces electricity by using natural gas, oil, a mix of oil and gas, and a steam turbine. In addition, the organization is also involved in the management, operation, maintenance and repairs of electrical equipment; and installation of electrical systems.
70GF Score

Get the complete analysis for STC:BTP

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

₫7,380.00
Price
₫8,563.21
GF Value