THAFF (Thoresen Thai Agencies PCL) Cyclically Adjusted PS Ratio: 0.37 (As of Jul. 11, 2026) — 20% Below Median


THAFF Thoresen Thai Agencies PCL THAFF
83 GF Score
Price $0.20
GF Value $0.23
! 6 Warning Signs
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What is Thoresen Thai Agencies PCL Cyclically Adjusted PS Ratio?

Thoresen Thai Agencies PCL THAFF 83 Cyclically Adjusted PS Ratio is 0.37 as of Jul. 11, 2026, which is 20% below its 10-year median of 0.46. GuruFocus rates THAFF with a GF Score™ of 83/100 and a GF Value™ of $0.23. The stock has 6 warning signs investors should review. Among 472 Conglomerates companies, Thoresen Thai Agencies PCL ranks better than 70.13% on this metric.

As of today (2026-07-11), Thoresen Thai Agencies PCL's current share price is $0.20. Thoresen Thai Agencies PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $0.54. Thoresen Thai Agencies PCL's Cyclically Adjusted PS Ratio for today is 0.37.

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

THAFF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.46   Max: 1.35
Current: 0.36

During the past years, Thoresen Thai Agencies PCL's highest Cyclically Adjusted PS Ratio was 1.35. The lowest was 0.13. And the median was 0.46.

THAFF's Cyclically Adjusted PS Ratio is ranked better than
70.13% of 472 companies
in the Conglomerates industry
Industry Median: 0.825 vs THAFF: 0.36

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.

Thoresen Thai Agencies PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.104. 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 $0.54 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thoresen Thai Agencies PCL  (OTCPK:THAFF) 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.


Thoresen Thai Agencies PCL Cyclically Adjusted PS Ratio Related Terms


Thoresen Thai Agencies PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thoresen Thai Agencies 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.

Thoresen Thai Agencies PCL Cyclically Adjusted PS Ratio Chart

Thoresen Thai Agencies 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 0.71 0.62 0.50 0.40 0.33

Thoresen Thai Agencies 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 0.31 0.30 0.36 0.33 0.37

THAFF vs HON, MMM: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Thoresen Thai Agencies 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.


Thoresen Thai Agencies PCL Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Thoresen Thai Agencies PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


THAFF
83GF Score
Thoresen Thai Agencies PCL THAFF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thoresen Thai Agencies 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.

Thoresen Thai Agencies PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.20/0.54
=0.37

* 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.

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

For example, Thoresen Thai Agencies 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)
=0.104/330.2130*330.2130
=0.104

Current CPI (Mar. 2026) = 330.2130.

Thoresen Thai Agencies PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.055 241.018 0.075
201609 0.057 241.428 0.078
201612 0.055 241.432 0.075
201703 0.049 243.801 0.066
201706 0.058 244.955 0.078
201709 0.052 246.819 0.070
201712 0.060 246.524 0.080
201803 0.055 249.554 0.073
201806 0.057 251.989 0.075
201809 0.060 252.439 0.078
201812 0.065 251.233 0.085
201903 0.064 254.202 0.083
201906 0.065 256.143 0.084
201909 0.070 256.759 0.090
201912 0.075 256.974 0.096
202003 0.056 258.115 0.072
202006 0.051 257.797 0.065
202009 0.057 260.280 0.072
202012 0.061 260.474 0.077
202103 0.061 264.877 0.076
202106 0.089 271.696 0.108
202109 0.099 274.310 0.119
202112 0.124 278.802 0.147
202203 0.100 287.504 0.115
202206 0.128 296.311 0.143
202209 0.119 296.808 0.132
202212 0.112 296.797 0.125
202303 0.076 301.836 0.083
202306 0.096 305.109 0.104
202309 0.103 307.789 0.111
202312 0.104 306.746 0.112
202403 0.099 312.332 0.105
202406 0.142 314.175 0.149
202409 0.145 315.301 0.152
202412 0.112 315.605 0.117
202503 0.119 319.799 0.123
202506 0.123 322.561 0.126
202509 0.144 324.800 0.146
202512 0.125 324.054 0.127
202603 0.104 330.213 0.104

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 0.37 mean?
Thoresen Thai Agencies PCL (THAFF) has a Cyclically Adjusted PS Ratio of 0.37 as of Jul. 11, 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 Thoresen Thai Agencies PCL and its competitors. This is 20% below median its historical median of 0.46. Over the past decade, Thoresen Thai Agencies PCL's Cyclically Adjusted PS Ratio has ranged from 0.13 to 1.35. According to the industry distribution chart, Thoresen Thai Agencies PCL ranks #141 out of 472 companies in the Conglomerates industry, placing it in the top 29.9%.
Is Thoresen Thai Agencies PCL's Cyclically Adjusted PS Ratio too high?
Thoresen Thai Agencies PCL's current Cyclically Adjusted PS Ratio of 0.37 is 20% below median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.35. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.83. Thoresen Thai Agencies PCL's value of 0.37 is 55.2% below this industry median. Based on the distribution chart, Thoresen Thai Agencies PCL ranks #141 out of 472 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Thoresen Thai Agencies PCL has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Thoresen Thai Agencies PCL's Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Thoresen Thai Agencies PCL ranks #141 out of 472 companies for Cyclically Adjusted PS Ratio. This puts Thoresen Thai Agencies PCL in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.83. Thoresen Thai Agencies PCL's value of 0.37 is 55.2% below this benchmark. Historically, Thoresen Thai Agencies PCL's own Cyclically Adjusted PS Ratio has ranged from 0.13 to 1.35 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.83, Thoresen Thai Agencies PCL 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 a Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.83, based on 472 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. Thoresen Thai Agencies PCL's current Cyclically Adjusted PS Ratio of 0.37 is 55.2% 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 Thoresen Thai Agencies PCL and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thoresen Thai Agencies PCL's current Cyclically Adjusted PS Ratio is 0.37, which is 20% below median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thoresen Thai Agencies PCL stock overvalued right now?
Thoresen Thai Agencies PCL (THAFF) has a current Cyclically Adjusted PS Ratio of 0.37. The stock's GF Value™ is $0.23, compared to a current price of $0.20 — trading 13% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.37, which is 20% below median its 10-year median of 0.46 and 55.2% below the Conglomerates industry median of 0.83. Thoresen Thai Agencies PCL's overall GF Score™ is 83/100 with 6 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 Thoresen Thai Agencies PCL (THAFF), the current Cyclically Adjusted PS Ratio is 0.37 as of Jul. 11, 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 Thoresen Thai Agencies PCL (THAFF) Overvalued in 2026?

Based on GuruFocus' analysis, Thoresen Thai Agencies PCL stock appears to be undervalued. The current stock price of $0.20 is trading 13% below its estimated GF Value™ of $0.23.

Key valuation signals for THAFF:

  • Cyclically Adjusted PS Ratio: 0.37 (20% below median its 10-year median of 0.46)
  • GF Value™: $0.23 vs. price of $0.20 (13% below fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 55.2% below the Conglomerates median (#141 of 472)

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


Thoresen Thai Agencies PCL Business Description

Other Exchanges TTA:ThailandNYVU:Germany
Address Ploenchit Road, 26/26-27 Orakarn Building, 8th Floor, Soi Chidlom, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330
Thoresen Thai Agencies PCL is an investment holding company. The company operates in five main segments: shipping, offshore service, agrochemical, food and beverage, and investment. Its activities include ownership of dry bulk vessels, certain shipping services, offshore services related to oil and gas, production and sales of fertilizers, coal trading, warehouse, and logistics services, and food and beverage. The maximum revenue is derived from the Offshore Service segment.
83GF Score

Get the complete analysis for THAFF

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

$0.20
Price
$0.23
GF Value