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Thai Airways International PCL (Thai Airways International PCL) Cyclically Adjusted PS Ratio : 0.07 (As of Jun. 10, 2024)


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What is Thai Airways International PCL Cyclically Adjusted PS Ratio?

As of today (2024-06-10), Thai Airways International PCL's current share price is $0.02. Thai Airways International PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $0.27. Thai Airways International PCL's Cyclically Adjusted PS Ratio for today is 0.07.

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

TAWNF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.04   Max: 0.22
Current: 0.04

During the past years, Thai Airways International PCL's highest Cyclically Adjusted PS Ratio was 0.22. The lowest was 0.02. And the median was 0.04.

TAWNF's Cyclically Adjusted PS Ratio is ranked better than
97.55% of 736 companies
in the Transportation industry
Industry Median: 0.84 vs TAWNF: 0.04

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.

Thai Airways International PCL's adjusted revenue per share data for the three months ended in Mar. 2024 was $0.625. 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 $0.27 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Airways International PCL Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Thai Airways International 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.

* Premium members only.

Thai Airways International PCL Cyclically Adjusted PS Ratio Chart

Thai Airways International PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.04 0.04 0.04 0.04

Thai Airways International PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.04 0.04 0.04 0.04 0.04

Competitive Comparison of Thai Airways International PCL's Cyclically Adjusted PS Ratio

For the Airlines subindustry, Thai Airways International 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 Airways International PCL's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Thai Airways International PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Thai Airways International 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 Airways International PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.02/0.27
=0.07

* 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 Airways International PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Thai Airways International PCL's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.625/131.7762*131.7762
=0.625

Current CPI (Mar. 2024) = 131.7762.

Thai Airways International PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.603 100.560 0.790
201409 0.652 100.428 0.856
201412 0.700 99.070 0.931
201503 0.719 99.621 0.951
201506 0.562 100.684 0.736
201509 0.558 100.392 0.732
201512 0.590 99.792 0.779
201603 0.647 100.470 0.849
201606 0.529 101.688 0.686
201609 0.571 101.861 0.739
201612 0.571 101.863 0.739
201703 0.647 102.862 0.829
201706 0.600 103.349 0.765
201709 0.640 104.136 0.810
201712 0.700 104.011 0.887
201803 0.775 105.290 0.970
201806 0.638 106.317 0.791
201809 0.668 106.507 0.826
201812 0.705 105.998 0.876
201903 0.712 107.251 0.875
201906 0.621 108.070 0.757
201909 0.639 108.329 0.777
201912 0.711 108.420 0.864
202003 0.537 108.902 0.650
202006 0.035 108.767 0.042
202009 0.048 109.815 0.058
202012 0.064 109.897 0.077
202103 0.063 111.754 0.074
202106 0.060 114.631 0.069
202109 0.065 115.734 0.074
202112 0.117 117.630 0.131
202203 0.144 121.301 0.156
202206 0.281 125.017 0.296
202209 0.405 125.227 0.426
202212 0.518 125.222 0.545
202303 0.549 127.348 0.568
202306 0.484 128.729 0.495
202309 0.466 129.860 0.473
202312 0.560 129.419 0.570
202403 0.625 131.776 0.625

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.


Thai Airways International PCL  (OTCPK:TAWNF) 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 Airways International PCL Cyclically Adjusted PS Ratio Related Terms

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Thai Airways International PCL (Thai Airways International PCL) Business Description

Traded in Other Exchanges
N/A
Address
89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak District, Bangkok, THA, 10900
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company has three main businesses: air transport (majority of total revenue), business units, and support services. The air transport business focuses on transportation of passengers, cargo, and mail. It utilizes scheduled and chartered flights to domestic and international destinations. The business units segment works to ensure all flights reach their destination on time and at the correct location. Additionally, it offers support with cargo terminal handling, group equipment services, and catering services. The majority of revenue originates outside of Thailand, with the biggest source coming from Europe.

Thai Airways International PCL (Thai Airways International PCL) Headlines