THNVF (Thanachart Capital PCL) Cyclically Adjusted PS Ratio: 2.51 (As of Jul. 18, 2026) — 56% Above Median

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THNVF Thanachart Capital PCL THNVF
64 GF Score
Price $1.08
GF Value $0.81
! 7 Warning Signs
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What is Thanachart Capital PCL Cyclically Adjusted PS Ratio?

Thanachart Capital PCL THNVF 64 Cyclically Adjusted PS Ratio is 2.51 as of Jul. 18, 2026, which is 56% above its 10-year median of 1.61. GuruFocus rates THNVF with a GF Scoreâ„¢ of 64/100 and a GF Valueâ„¢ of $0.81. The stock has 7 warning signs investors should review. Among 419 Credit Services companies, Thanachart Capital PCL ranks worse than 50.6% on this metric.

As of today (2026-07-18), Thanachart Capital PCL's current share price is $1.08. Thanachart Capital PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $0.43. Thanachart Capital PCL's Cyclically Adjusted PS Ratio for today is 2.51.

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

THNVF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.85   Med: 1.61   Max: 3.16
Current: 3.16

During the past years, Thanachart Capital PCL's highest Cyclically Adjusted PS Ratio was 3.16. The lowest was 0.85. And the median was 1.61.

THNVF's Cyclically Adjusted PS Ratio is ranked worse than
50.6% of 419 companies
in the Credit Services industry
Industry Median: 3.05 vs THNVF: 3.16

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.

Thanachart Capital PCL's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.119. 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 $0.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thanachart Capital PCL  (OTCPK:THNVF) 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.


Thanachart Capital PCL Cyclically Adjusted PS Ratio Related Terms


Thanachart Capital PCL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thanachart Capital 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.

Thanachart Capital PCL Cyclically Adjusted PS Ratio Chart

Thanachart Capital 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 1.21 1.38 1.73 1.93 2.51

Thanachart Capital 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 1.95 1.84 2.08 2.51 2.50

THNVF vs V, MA, AXP: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Thanachart Capital 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.


Thanachart Capital PCL Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Thanachart Capital PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


THNVF
64GF Score
Thanachart Capital PCL THNVF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thanachart Capital 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.

Thanachart Capital PCL's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.08/0.43
=2.51

* 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.

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

For example, Thanachart Capital 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)
=0.119/330.2130*330.2130
=0.119

Current CPI (Mar. 2026) = 330.2130.

Thanachart Capital PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.265 241.018 0.363
201609 0.276 241.428 0.377
201612 0.273 241.432 0.373
201703 0.271 243.801 0.367
201706 0.293 244.955 0.395
201709 0.310 246.819 0.415
201712 0.313 246.524 0.419
201803 0.334 249.554 0.442
201806 0.326 251.989 0.427
201809 0.301 252.439 0.394
201812 -0.588 251.233 -0.773
201903 0.098 254.202 0.127
201906 0.093 256.143 0.120
201909 0.116 256.759 0.149
201912 0.079 256.974 0.102
202003 0.190 258.115 0.243
202006 0.095 257.797 0.122
202009 0.092 260.280 0.117
202012 0.106 260.474 0.134
202103 0.102 264.877 0.127
202106 0.109 271.696 0.132
202109 0.109 274.310 0.131
202112 0.122 278.802 0.144
202203 0.093 287.504 0.107
202206 0.101 296.311 0.113
202209 0.089 296.808 0.099
202212 0.101 296.797 0.112
202303 0.108 301.836 0.118
202306 0.105 305.109 0.114
202309 0.106 307.789 0.114
202312 0.104 306.746 0.112
202403 0.112 312.332 0.118
202406 0.107 314.175 0.112
202409 0.111 315.301 0.116
202412 0.104 315.605 0.109
202503 0.112 319.799 0.116
202506 0.129 322.561 0.132
202509 0.124 324.800 0.126
202512 0.121 324.054 0.123
202603 0.119 330.213 0.119

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 2.51 mean?
Thanachart Capital PCL (THNVF) has a Cyclically Adjusted PS Ratio of 2.51 as of Jul. 18, 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 Thanachart Capital PCL and its competitors. This is 56% above median its historical median of 1.61. Over the past decade, Thanachart Capital PCL's Cyclically Adjusted PS Ratio has ranged from 0.85 to 3.16. According to the industry distribution chart, Thanachart Capital PCL ranks #212 out of 419 companies in the Credit Services industry, placing it in the top 50.6%.
Is Thanachart Capital PCL's Cyclically Adjusted PS Ratio too high?
Thanachart Capital PCL's current Cyclically Adjusted PS Ratio of 2.51 is 56% above median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 3.16. The Credit Services industry median Cyclically Adjusted PS Ratio is 3.05. Thanachart Capital PCL's value of 2.51 is 17.7% below this industry median. Based on the distribution chart, Thanachart Capital PCL ranks #212 out of 419 companies in the Credit Services industry, which is below the industry midpoint. Overall, Thanachart Capital PCL has a GF Scoreâ„¢ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Thanachart Capital PCL's Cyclically Adjusted PS Ratio compare to V and MA?
According to the Credit Services industry distribution chart, Thanachart Capital PCL ranks #212 out of 419 companies for Cyclically Adjusted PS Ratio. This places Thanachart Capital PCL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.05. Thanachart Capital PCL's value of 2.51 is 17.7% below this benchmark. Historically, Thanachart Capital PCL's own Cyclically Adjusted PS Ratio has ranged from 0.85 to 3.16 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 3.05, Thanachart Capital 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 Credit Services company?
The median Cyclically Adjusted PS Ratio among Credit Services companies is 3.05, based on 419 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. Thanachart Capital PCL's current Cyclically Adjusted PS Ratio of 2.51 is 17.7% 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 Thanachart Capital PCL and its competitors. For the Credit Services industry, the median Cyclically Adjusted PS Ratio is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thanachart Capital PCL's current Cyclically Adjusted PS Ratio is 2.51, which is 56% above median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thanachart Capital PCL stock overvalued right now?
Thanachart Capital PCL (THNVF) has a current Cyclically Adjusted PS Ratio of 2.51. The stock's GF Value™ is $0.81, compared to a current price of $1.08 — trading 33.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.51, which is 56% above median its 10-year median of 1.61 and 17.7% below the Credit Services industry median of 3.05. Thanachart Capital PCL's overall GF Score™ is 64/100 with 7 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 Thanachart Capital PCL (THNVF), the current Cyclically Adjusted PS Ratio is 2.51 as of Jul. 18, 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 Thanachart Capital PCL (THNVF) Overvalued in 2026?

Based on GuruFocus' analysis, Thanachart Capital PCL stock appears to be overvalued. The current stock price of $1.08 is trading 33.3% above its estimated GF Value™ of $0.81.

Key valuation signals for THNVF:

  • Cyclically Adjusted PS Ratio: 2.51 (56% above median its 10-year median of 1.61)
  • GF Value™: $0.81 vs. price of $1.08 (33.3% above fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 17.7% below the Credit Services median (#212 of 419)

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


Thanachart Capital PCL Business Description

Other Exchanges TCAP:ThailandNFPH:Germany
Address Phayathai Road, 444, 16-17th Floor, MBK Tower, Wangmai, Pathumwan, Bangkok, THA, 10330
Thanachart Capital PCL is an investment holding company domiciled in Thailand. Through its subsidiaries, it operates in different reportable operating business segments such as; non-performing assets management business, securities business, asset management business, leasing and hire purchase business, non-life insurance business, life insurance business, and others. The majority of the company's revenue is generated from its Leasing and Hire purchase business which provides auto hire purchase and financial lease services with a focus on the auto market for new and used cars markets for passenger cars as well as vehicles for commercial purposes, such as pick-ups, taxis, truck tractors and lorries, etc.
64GF Score

Get the complete analysis for THNVF

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

$1.08
Price
$0.81
GF Value