Mfc-Nichada Thani Property Fund (BKK:MNIT) Cyclically Adjusted Revenue per Share: ฿0.23 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:MNIT Mfc-Nichada Thani Property Fund BKK:MNIT
75 GF Score
Price ฿1.94
GF Value ฿2.42
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Mfc-Nichada Thani Property Fund Cyclically Adjusted Revenue per Share?

Mfc-Nichada Thani Property Fund BKK:MNIT +1.04% 75 Cyclically Adjusted Revenue per Share is ฿0.23 as of Mar. 2026. GuruFocus rates BKK:MNIT with a GF Score™ of 75/100 and a GF Value™ of ฿2.42 (Modestly Undervalued). The stock has 2 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.

Mfc-Nichada Thani Property Fund's adjusted revenue per share for the three months ended in Mar. 2026 was ฿0.062. 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 ฿0.23 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mfc-Nichada Thani Property Fund's average Cyclically Adjusted Revenue Growth Rate was 4.50% 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.

As of today (2026-07-26), Mfc-Nichada Thani Property Fund's current stock price is ฿1.94. Mfc-Nichada Thani Property Fund's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿0.23. Mfc-Nichada Thani Property Fund's Cyclically Adjusted PS Ratio of today is 8.43.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Mfc-Nichada Thani Property Fund was 10.95. The lowest was 8.04. And the median was 9.07.


Mfc-Nichada Thani Property Fund  (BKK:MNIT) 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.

Mfc-Nichada Thani Property Fund's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.94/0.23
=8.43

* 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 Mfc-Nichada Thani Property Fund was 10.95. The lowest was 8.04. And the median was 9.07.


Be Aware

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


Mfc-Nichada Thani Property Fund Cyclically Adjusted Revenue per Share Related Terms


Mfc-Nichada Thani Property Fund Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Mfc-Nichada Thani Property Fund'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.

Mfc-Nichada Thani Property Fund Cyclically Adjusted Revenue per Share Chart

Mfc-Nichada Thani Property Fund 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 0.00 0.00 0.21 0.22 0.23

Mfc-Nichada Thani Property Fund 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 0.22 0.22 0.23 0.23 0.23

BKK:MNIT vs AVB, EQR, ESS: Cyclically Adjusted Revenue per Share Comparison

For the REIT - Residential subindustry, Mfc-Nichada Thani Property Fund'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.


Mfc-Nichada Thani Property Fund Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Mfc-Nichada Thani Property Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Mfc-Nichada Thani Property Fund's Cyclically Adjusted PS Ratio falls into.


BKK:MNIT
75GF Score
Mfc-Nichada Thani Property Fund BKK:MNIT
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mfc-Nichada Thani Property Fund 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, Mfc-Nichada Thani Property Fund'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)
=0.062/330.2130*330.2130
=0.062

Current CPI (Mar. 2026) = 330.2130.

Mfc-Nichada Thani Property Fund Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.000 238.638 0.000
201512 0.000 236.525 0.000
201606 0.000 241.018 0.000
201612 0.000 241.432 0.000
201706 0.000 244.955 0.000
201709 0.040 246.819 0.054
201712 0.031 246.524 0.042
201803 0.032 249.554 0.042
201806 0.041 251.989 0.054
201809 0.041 252.439 0.054
201812 0.042 251.233 0.055
201903 0.038 254.202 0.049
201906 0.037 256.143 0.048
201909 0.053 256.759 0.068
201912 0.054 256.974 0.069
202003 0.054 258.115 0.069
202006 0.052 257.797 0.067
202009 0.049 260.280 0.062
202012 0.045 260.474 0.057
202103 0.047 264.877 0.059
202106 0.048 271.696 0.058
202109 0.045 274.310 0.054
202112 0.040 278.802 0.047
202203 0.045 287.504 0.052
202206 0.047 296.311 0.052
202209 0.050 296.808 0.056
202212 0.050 296.797 0.056
202303 0.050 301.836 0.055
202306 0.051 305.109 0.055
202309 0.057 307.789 0.061
202312 0.058 306.746 0.062
202403 0.060 312.332 0.063
202406 0.058 314.175 0.061
202409 0.057 315.301 0.060
202412 0.060 315.605 0.063
202503 0.063 319.799 0.065
202506 0.064 322.561 0.066
202509 0.062 324.800 0.063
202512 0.063 324.054 0.064
202603 0.062 330.213 0.062

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 ฿0.23 mean?
Mfc-Nichada Thani Property Fund (BKK:MNIT) has a Cyclically Adjusted Revenue per Share of ฿0.23 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 Mfc-Nichada Thani Property Fund and its competitors.
Is Mfc-Nichada Thani Property Fund's Cyclically Adjusted Revenue per Share too high?
Mfc-Nichada Thani Property Fund's current Cyclically Adjusted Revenue per Share is ฿0.23. Overall, Mfc-Nichada Thani Property Fund has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mfc-Nichada Thani Property Fund's Cyclically Adjusted Revenue per Share compare to AVB and EQR?
Mfc-Nichada Thani Property Fund's Cyclically Adjusted Revenue per Share of ฿0.23 can be compared against companies in the REITs 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 REITs company?
A good Cyclically Adjusted Revenue per Share depends on the REITs 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 Mfc-Nichada Thani Property Fund and its competitors. Mfc-Nichada Thani Property Fund's current Cyclically Adjusted Revenue per Share is ฿0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mfc-Nichada Thani Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Mfc-Nichada Thani Property Fund (BKK:MNIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.42, compared to a current price of ฿1.94 — trading 19.8% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿0.23. Mfc-Nichada Thani Property Fund's overall GF Score™ is 75/100 with 2 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 Mfc-Nichada Thani Property Fund (BKK:MNIT), the current Cyclically Adjusted Revenue per Share is ฿0.23 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 Mfc-Nichada Thani Property Fund (BKK:MNIT) Overvalued in 2026?

Based on GuruFocus' analysis, Mfc-Nichada Thani Property Fund stock appears to be undervalued. The current stock price of ฿1.94 is trading 19.8% below its estimated GF Value™ of ฿2.42. GuruFocus considers Mfc-Nichada Thani Property Fund to be Modestly Undervalued.

Key valuation signals for BKK:MNIT:

  • Cyclically Adjusted Revenue per Share: ฿0.23
  • GF Value™: ฿2.42 vs. price of ฿1.94 (19.8% below fair value)
  • GF Score™: 75/100 with 2 warning signs

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


Mfc-Nichada Thani Property Fund Business Description

Industry Real EstateREITs
Address Ratchadaphisek Road, Ground Floor & 21st-23rd Floor, 199 Column Tower, Klongtoey Sub-District, Klongtoey District, Bangkok, THA, 10110
Mfc-Nichada Thani Property Fund is a close-ended property fund with no maturity date. The fund's objective is to use the proceeds from the sale of investment units to invest in properties for residential buildings including land and private houses for a living, which is in Amphur Pakkred, Nonthaburi. It operates under one segment namely Rental of Properties in Thailand.
75GF Score

Get the complete analysis for BKK:MNIT

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

฿1.94
Price
฿2.42
GF Value