KGI Securities (Thailand) PCL (BKK:KGI) Cyclically Adjusted Revenue per Share: ฿2.15 (As of Mar. 2026)

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BKK:KGI KGI Securities (Thailand) PCL BKK:KGI
69 GF Score
Price ฿5.20
GF Value ฿4.39
Valuation Modestly Overvalued
! 9 Warning Signs
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What is KGI Securities (Thailand) PCL Cyclically Adjusted Revenue per Share?

KGI Securities (Thailand) PCL BKK:KGI +0.97% 69 Cyclically Adjusted Revenue per Share is ฿2.15 as of Mar. 2026. GuruFocus rates BKK:KGI with a GF Score™ of 69/100 and a GF Value™ of ฿4.39 (Modestly Overvalued). The stock has 9 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.

KGI Securities (Thailand) PCL's adjusted revenue per share for the three months ended in Mar. 2026 was ฿0.556. 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 ฿2.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, KGI Securities (Thailand) PCL's average Cyclically Adjusted Revenue Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% 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 KGI Securities (Thailand) PCL was 9.90% per year. The lowest was 2.90% per year. And the median was 7.10% per year.

As of today (2026-07-31), KGI Securities (Thailand) PCL's current stock price is ฿5.20. KGI Securities (Thailand) PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿2.15. KGI Securities (Thailand) PCL's Cyclically Adjusted PS Ratio of today is 2.42.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of KGI Securities (Thailand) PCL was 5.16. The lowest was 1.67. And the median was 2.62.


KGI Securities (Thailand) PCL  (BKK:KGI) 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.

KGI Securities (Thailand) PCL's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.20/2.15
=2.42

* 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 KGI Securities (Thailand) PCL was 5.16. The lowest was 1.67. And the median was 2.62.


Be Aware

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


KGI Securities (Thailand) PCL Cyclically Adjusted Revenue per Share Related Terms


KGI Securities (Thailand) PCL Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for KGI Securities (Thailand) PCL'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.

KGI Securities (Thailand) PCL Cyclically Adjusted Revenue per Share Chart

KGI Securities (Thailand) PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.73 1.93 1.99 2.04 2.10

KGI Securities (Thailand) 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 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 2.07 2.09 2.11 2.10 2.15

BKK:KGI vs MS, GS, SCHW: Cyclically Adjusted Revenue per Share Comparison

For the Capital Markets subindustry, KGI Securities (Thailand) 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.


KGI Securities (Thailand) PCL Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, KGI Securities (Thailand) PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where KGI Securities (Thailand) PCL's Cyclically Adjusted PS Ratio falls into.


BKK:KGI
69GF Score
KGI Securities (Thailand) PCL BKK:KGI
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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KGI Securities (Thailand) PCL 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, KGI Securities (Thailand) 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)
=0.556/330.2130*330.2130
=0.556

Current CPI (Mar. 2026) = 330.2130.

KGI Securities (Thailand) PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.396 241.018 0.543
201609 0.410 241.428 0.561
201612 0.476 241.432 0.651
201703 0.371 243.801 0.502
201706 0.301 244.955 0.406
201709 0.368 246.819 0.492
201712 0.466 246.524 0.624
201803 0.455 249.554 0.602
201806 0.408 251.989 0.535
201809 0.439 252.439 0.574
201812 0.436 251.233 0.573
201903 0.452 254.202 0.587
201906 0.393 256.143 0.507
201909 0.431 256.759 0.554
201912 0.378 256.974 0.486
202003 -0.074 258.115 -0.095
202006 0.339 257.797 0.434
202009 0.532 260.280 0.675
202012 0.591 260.474 0.749
202103 0.844 264.877 1.052
202106 0.641 271.696 0.779
202109 0.598 274.310 0.720
202112 0.560 278.802 0.663
202203 0.545 287.504 0.626
202206 0.477 296.311 0.532
202209 0.563 296.808 0.626
202212 0.473 296.797 0.526
202303 0.453 301.836 0.496
202306 0.454 305.109 0.491
202309 0.461 307.789 0.495
202312 0.403 306.746 0.434
202403 0.457 312.332 0.483
202406 0.339 314.175 0.356
202409 0.442 315.301 0.463
202412 0.455 315.605 0.476
202503 0.439 319.799 0.453
202506 0.375 322.561 0.384
202509 0.550 324.800 0.559
202512 0.375 324.054 0.382
202603 0.556 330.213 0.556

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 ฿2.15 mean?
KGI Securities (Thailand) PCL (BKK:KGI) has a Cyclically Adjusted Revenue per Share of ฿2.15 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 KGI Securities (Thailand) PCL and its competitors.
Is KGI Securities (Thailand) PCL's Cyclically Adjusted Revenue per Share too high?
KGI Securities (Thailand) PCL's current Cyclically Adjusted Revenue per Share is ฿2.15. Overall, KGI Securities (Thailand) PCL has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KGI Securities (Thailand) PCL's Cyclically Adjusted Revenue per Share compare to MS and GS?
KGI Securities (Thailand) PCL's Cyclically Adjusted Revenue per Share of ฿2.15 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Cyclically Adjusted Revenue per Share depends on the Capital Markets 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 KGI Securities (Thailand) PCL and its competitors. KGI Securities (Thailand) PCL's current Cyclically Adjusted Revenue per Share is ฿2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KGI Securities (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, KGI Securities (Thailand) PCL (BKK:KGI) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿4.39, compared to a current price of ฿5.20 — trading 18.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿2.15. KGI Securities (Thailand) PCL's overall GF Score™ is 69/100 with 9 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 KGI Securities (Thailand) PCL (BKK:KGI), the current Cyclically Adjusted Revenue per Share is ฿2.15 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 KGI Securities (Thailand) PCL (BKK:KGI) Overvalued in 2026?

Based on GuruFocus' analysis, KGI Securities (Thailand) PCL stock appears to be overvalued. The current stock price of ฿5.20 is trading 18.5% above its estimated GF Value™ of ฿4.39. GuruFocus considers KGI Securities (Thailand) PCL to be Modestly Overvalued.

Key valuation signals for BKK:KGI:

  • Cyclically Adjusted Revenue per Share: ฿2.15
  • GF Value™: ฿4.39 vs. price of ฿5.20 (18.5% above fair value)
  • GF Score™: 69/100 with 9 warning signs

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


KGI Securities (Thailand) PCL Business Description

Address Wireless Road, No. 195, One Bangkok Tower 4, 18th-19th Floor, Lumphini Subdistrict, Pathumwan District, Bangkok, THA, 10330
KGI Securities (Thailand) PCL is a Thailand-based company engaged in the securities and derivatives business. Its business activities include securities brokerage, securities dealing, investment advisory, securities underwriting, securities borrowing and lending, securities registrar, derivatives brokerage, financial advisory, over-the-counter derivative business, sales agent of mutual fund units, and others. The operating segments of the company are the Securities and derivatives brokerage segment, Investment banking segment, Security trading segment and Asset management segment, of which key revenue is generated from the security trading segment. Geographically, the company operates in Thailand.
69GF Score

Get the complete analysis for BKK:KGI

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

฿5.20
Price
฿4.39
GF Value