Airports Of Thailand (BKK:AOT) Cyclically Adjusted Revenue per Share: ฿3.94 (As of Mar. 2026)

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BKK:AOT Airports Of Thailand PLC BKK:AOT
94 GF Score
Price ฿63.00
GF Value ฿62.30
Valuation Fairly Valued
! 7 Warning Signs
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What is Airports Of Thailand Cyclically Adjusted Revenue per Share?

Airports Of Thailand BKK:AOT -0.40% 94 Cyclically Adjusted Revenue per Share is ฿3.94 as of Mar. 2026. GuruFocus rates BKK:AOT with a GF Score™ of 94/100 and a GF Value™ of ฿62.30 (Fairly Valued). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Airports Of Thailand's adjusted revenue per share for the three months ended in Mar. 2026 was ฿1.290. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ฿3.94 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Airports Of Thailand's average Cyclically Adjusted Revenue Growth Rate was 3.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Airports Of Thailand was 6.80% per year. The lowest was 1.60% per year. And the median was 4.15% per year.

As of today (2026-08-12), Airports Of Thailand's current stock price is ฿63.00. Airports Of Thailand's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿3.94. Airports Of Thailand's Cyclically Adjusted PS Ratio of today is 15.99.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Airports Of Thailand was 26.18. The lowest was 7.41. And the median was 19.63.


Airports Of Thailand  (BKK:AOT) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Airports Of Thailand's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=63.00/3.94
=15.99

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Airports Of Thailand was 26.18. The lowest was 7.41. And the median was 19.63.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Airports Of Thailand Cyclically Adjusted Revenue per Share Related Terms


Airports Of Thailand Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Airports Of Thailand's Cyclically Adjusted Revenue per Share 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.

Airports Of Thailand Cyclically Adjusted Revenue per Share Chart

Airports Of Thailand Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.29 3.40 3.51 3.72 3.88

Airports Of Thailand Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 3.81 3.84 3.88 3.87 3.94

BKK:AOT vs JOBY, CAAP: Cyclically Adjusted Revenue per Share Comparison

For the Airports & Air Services subindustry, Airports Of Thailand'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.


Airports Of Thailand Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Airports Of Thailand's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Airports Of Thailand's Cyclically Adjusted PS Ratio falls into.


BKK:AOT
94GF Score
Airports Of Thailand PLC BKK:AOT
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Airports Of Thailand Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Airports Of Thailand'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)
=1.29/330.2130*330.2130
=1.290

Current CPI (Mar. 2026) = 330.2130.

Airports Of Thailand Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.880 241.018 1.206
201609 0.894 241.428 1.223
201612 0.883 241.432 1.208
201703 1.020 243.801 1.382
201706 0.951 244.955 1.282
201709 0.988 246.819 1.322
201712 1.034 246.524 1.385
201803 1.145 249.554 1.515
201806 1.039 251.989 1.362
201809 1.032 252.439 1.350
201812 1.087 251.233 1.429
201903 1.209 254.202 1.571
201906 1.053 256.143 1.358
201909 1.061 256.759 1.365
201912 1.120 256.974 1.439
202003 0.848 258.115 1.085
202006 0.094 257.797 0.120
202009 0.130 260.280 0.165
202012 0.152 260.474 0.193
202103 0.127 264.877 0.158
202106 0.118 271.696 0.143
202109 0.103 274.310 0.124
202112 0.163 278.802 0.193
202203 0.212 287.504 0.243
202206 0.317 296.311 0.353
202209 0.458 296.808 0.510
202212 0.515 296.797 0.573
202303 0.769 301.836 0.841
202306 0.903 305.109 0.977
202309 1.035 307.789 1.110
202312 1.102 306.746 1.186
202403 1.261 312.332 1.333
202406 1.151 314.175 1.210
202409 1.174 315.301 1.230
202412 1.223 315.605 1.280
202503 1.240 319.799 1.280
202506 1.072 322.561 1.097
202509 1.098 324.800 1.116
202512 1.195 324.054 1.218
202603 1.290 330.213 1.290

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ฿3.94 mean?
Airports Of Thailand (BKK:AOT) has a Cyclically Adjusted Revenue per Share of ฿3.94 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Airports Of Thailand and its competitors.
Is Airports Of Thailand's Cyclically Adjusted Revenue per Share too high?
Airports Of Thailand's current Cyclically Adjusted Revenue per Share is ฿3.94. Overall, Airports Of Thailand has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Airports Of Thailand's Cyclically Adjusted Revenue per Share compare to JOBY and CAAP?
Airports Of Thailand's Cyclically Adjusted Revenue per Share of ฿3.94 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Transportation company?
A good Cyclically Adjusted Revenue per Share depends on the Transportation industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Airports Of Thailand and its competitors. Airports Of Thailand's current Cyclically Adjusted Revenue per Share is ฿3.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airports Of Thailand stock overvalued right now?
Based on GuruFocus' analysis, Airports Of Thailand (BKK:AOT) is currently considered Fairly Valued. The stock's GF Value™ is ฿62.30, compared to a current price of ฿63.00 — trading 1.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿3.94. Airports Of Thailand's overall GF Score™ is 94/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Airports Of Thailand (BKK:AOT), the current Cyclically Adjusted Revenue per Share is ฿3.94 as of Mar. 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 Airports Of Thailand (BKK:AOT) Overvalued in 2026?

Based on GuruFocus' analysis, Airports Of Thailand stock appears to be overvalued. The current stock price of ฿63.00 is trading 1.1% above its estimated GF Value™ of ฿62.30. GuruFocus considers Airports Of Thailand to be Fairly Valued.

Key valuation signals for BKK:AOT:

  • Cyclically Adjusted Revenue per Share: ฿3.94
  • GF Value™: ฿62.30 vs. price of ฿63.00 (1.1% above fair value)
  • GF Score™: 94/100 with 7 warning signs

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


Airports Of Thailand Business Description

Address No. 333, Cherdwutagard Road, Sikan, Don Mueang, Bangkok, THA, 10210
Airports Of Thailand PLC operates airports and provides services related to air transportation. Its airports, located in Thailand, serve both domestic and international flights. The company operates in various business segments such as airport management business, hotel business, ground aviation services, security business, and manages projects on perishable goods. The majority of its revenue is derived from its airport management business under which it generates income mainly from two categories of services: aeronautical and nonaeronautical. Aeronautical revenue is associated with air traffic, including landing and parking charges, and passenger and aircraft service charges. Nonaeronautical revenue is generated from office and state property rents.
94GF Score

Get the complete analysis for BKK:AOT

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

฿63.00
Price
฿62.30
GF Value