BTS Group Holdings (BKK:BTS) Cyclically Adjusted Revenue per Share: ฿2.19 (As of Mar. 2026)

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BKK:BTS BTS Group Holdings PLC BKK:BTS
50 GF Score
Price ฿2.08
GF Value ฿5.25
Valuation Possible Value Trap
! 5 Warning Signs
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What is BTS Group Holdings Cyclically Adjusted Revenue per Share?

BTS Group Holdings BKK:BTS 50 Cyclically Adjusted Revenue per Share is ฿2.19 as of Mar. 2026. GuruFocus rates BKK:BTS with a GF Score™ of 50/100 and a GF Value™ of ฿5.25 (Possible Value Trap). The stock has 5 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.

BTS Group Holdings's adjusted revenue per share for the three months ended in Mar. 2026 was ฿0.323. 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 ฿2.19 for the trailing ten years ended in Mar. 2026.

During the past 12 months, BTS Group Holdings's average Cyclically Adjusted Revenue Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.20% 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 BTS Group Holdings was 17.50% per year. The lowest was 3.40% per year. And the median was 10.65% per year.

As of today (2026-07-26), BTS Group Holdings's current stock price is ฿2.08. BTS Group Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿2.19. BTS Group Holdings's Cyclically Adjusted PS Ratio of today is 0.95.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of BTS Group Holdings was 11.36. The lowest was 0.92. And the median was 5.00.


BTS Group Holdings  (BKK:BTS) 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.

BTS Group Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2.08/2.19
=0.95

* 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 BTS Group Holdings was 11.36. The lowest was 0.92. And the median was 5.00.


Be Aware

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


BTS Group Holdings Cyclically Adjusted Revenue per Share Related Terms


BTS Group Holdings Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for BTS Group Holdings'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.

BTS Group Holdings Cyclically Adjusted Revenue per Share Chart

BTS Group Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.82 1.98 1.94 2.05 2.19

BTS Group Holdings 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 2.05 2.08 2.11 2.13 2.19

BKK:BTS vs UNP, CSX, NSC: Cyclically Adjusted Revenue per Share Comparison

For the Railroads subindustry, BTS Group Holdings'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.


BTS Group Holdings Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, BTS Group Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where BTS Group Holdings's Cyclically Adjusted PS Ratio falls into.


BKK:BTS
50GF Score
BTS Group Holdings PLC BKK:BTS
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BTS Group Holdings 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, BTS Group Holdings'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)
=0.323/330.2130*330.2130
=0.323

Current CPI (Mar. 2026) = 330.2130.

BTS Group Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.104 241.018 0.142
201609 0.123 241.428 0.168
201612 0.132 241.432 0.181
201703 0.215 243.801 0.291
201706 0.226 244.955 0.305
201709 0.177 246.819 0.237
201712 0.374 246.524 0.501
201803 0.252 249.554 0.333
201806 0.222 251.989 0.291
201809 1.298 252.439 1.698
201812 1.567 251.233 2.060
201903 0.623 254.202 0.809
201906 0.651 256.143 0.839
201909 0.800 256.759 1.029
201912 0.729 256.974 0.937
202003 0.572 258.115 0.732
202006 0.736 257.797 0.943
202009 0.671 260.280 0.851
202012 0.661 260.474 0.838
202103 0.571 264.877 0.712
202106 0.589 271.696 0.716
202109 0.419 274.310 0.504
202112 0.598 278.802 0.708
202203 0.350 287.504 0.402
202206 0.298 296.311 0.332
202209 0.342 296.808 0.380
202212 0.353 296.797 0.393
202303 0.374 301.836 0.409
202306 0.386 305.109 0.418
202309 0.296 307.789 0.318
202312 0.384 306.746 0.413
202403 0.289 312.332 0.306
202406 0.277 314.175 0.291
202409 0.295 315.301 0.309
202412 0.363 315.605 0.380
202503 0.335 319.799 0.346
202506 0.328 322.561 0.336
202509 0.323 324.800 0.328
202512 0.340 324.054 0.346
202603 0.323 330.213 0.323

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 ฿2.19 mean?
BTS Group Holdings (BKK:BTS) has a Cyclically Adjusted Revenue per Share of ฿2.19 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 BTS Group Holdings and its competitors.
Is BTS Group Holdings' Cyclically Adjusted Revenue per Share too high?
BTS Group Holdings' current Cyclically Adjusted Revenue per Share is ฿2.19. Overall, BTS Group Holdings has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BTS Group Holdings' Cyclically Adjusted Revenue per Share compare to UNP and CSX?
BTS Group Holdings' Cyclically Adjusted Revenue per Share of ฿2.19 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 BTS Group Holdings and its competitors. BTS Group Holdings's current Cyclically Adjusted Revenue per Share is ฿2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTS Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, BTS Group Holdings (BKK:BTS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿5.25, compared to a current price of ฿2.08 — trading 60.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿2.19. BTS Group Holdings' overall GF Score™ is 50/100 with 5 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 BTS Group Holdings (BKK:BTS), the current Cyclically Adjusted Revenue per Share is ฿2.19 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 BTS Group Holdings (BKK:BTS) Overvalued in 2026?

Based on GuruFocus' analysis, BTS Group Holdings stock appears to be undervalued. The current stock price of ฿2.08 is trading 60.4% below its estimated GF Value™ of ฿5.25. GuruFocus considers BTS Group Holdings to be Possible Value Trap.

Key valuation signals for BKK:BTS:

  • Cyclically Adjusted Revenue per Share: ฿2.19
  • GF Value™: ฿5.25 vs. price of ฿2.08 (60.4% below fair value)
  • GF Score™: 50/100 with 5 warning signs

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


BTS Group Holdings Business Description

Address Phahonyothin Road, 1000/9 BTS Visionary Park, South Tower, 33rd Floor, Chomphon Sub-district, Chatuchak District, Bangkok, THA, 10900
BTS Group Holdings PLC is principally engaged in the provision of transportation (Move), comprehensive marketing (Mix), and the capture of opportunities and creation of synergies through a shared system platform (Match). The group's reportable segments are MOVE, MIX, and MATCH. The majority of its revenue is generated from the MOVE segment, which provides mass transportation services for rail and other modes. This segment generates revenue through farebox collection, operating and maintenance, elevated rail's installation and construction, train procurement, and other related services, as well as the operation and maintenance of the Bus Rapid Transit and Automated People Mover (APM) systems. Geographically, the group generates maximum revenue from Thailand.
50GF Score

Get the complete analysis for BKK:BTS

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

฿2.08
Price
฿5.25
GF Value