Masan Group (BKK:MSN19) Cyclically Adjusted Revenue per Share: ฿2.33 (As of Jun. 2026)

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BKK:MSN19 Masan Group Corp BKK:MSN19
59 GF Score
Price ฿2.86
GF Value ฿3.70
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Masan Group Cyclically Adjusted Revenue per Share?

Masan Group BKK:MSN19 -1.38% 59 Cyclically Adjusted Revenue per Share is ฿2.33 as of Jun. 2026. GuruFocus rates BKK:MSN19 with a GF Score™ of 59/100 and a GF Value™ of ฿3.70 (Modestly Undervalued). The stock has 4 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.

Masan Group's adjusted revenue per share for the three months ended in Jun. 2026 was ฿23.128. 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 ฿2.33 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Masan Group's average Cyclically Adjusted Revenue Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 15.20% 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 Masan Group was 18.70% per year. The lowest was 11.40% per year. And the median was 15.70% per year.

As of today (2026-07-31), Masan Group's current stock price is ฿2.86. Masan Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ฿2.33. Masan Group's Cyclically Adjusted PS Ratio of today is 1.23.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Masan Group was 4.75. The lowest was 1.14. And the median was 1.82.


Masan Group  (BKK:MSN19) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2.86/2.33
=1.23

* 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 Masan Group was 4.75. The lowest was 1.14. And the median was 1.82.


Be Aware

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


Masan Group Cyclically Adjusted Revenue per Share Related Terms


Masan Group Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Masan Group'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.

Masan Group Cyclically Adjusted Revenue per Share Chart

Masan Group 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 0.00 0.00 0.00

Masan Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 2.26 2.33

BKK:MSN19 vs MMM, HON: Cyclically Adjusted Revenue per Share Comparison

For the Conglomerates subindustry, Masan Group'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.


Masan Group Cyclically Adjusted PS Ratio vs Conglomerates Industry

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

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


BKK:MSN19
59GF Score
Masan Group Corp BKK:MSN19
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Masan Group 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, Masan Group's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=23.128/333.9520*333.9520
=23.128

Current CPI (Jun. 2026) = 333.9520.

Masan Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 10.003 241.428 13.837
201612 12.042 241.432 16.657
201703 7.729 243.801 10.587
201706 8.564 244.955 11.675
201709 8.501 246.819 11.502
201712 9.730 246.524 13.181
201803 8.234 249.554 11.019
201806 9.138 251.989 12.110
201809 9.074 252.439 12.004
201812 10.358 251.233 13.768
201903 7.313 254.202 9.607
201906 8.283 256.143 10.799
201909 8.039 256.759 10.456
201912 9.740 256.974 12.658
202003 15.728 258.115 20.349
202006 15.831 257.797 20.508
202009 18.015 260.280 23.114
202012 19.167 260.474 24.574
202103 17.727 264.877 22.350
202106 18.819 271.696 23.131
202109 20.895 274.310 25.438
202112 21.039 278.802 25.201
202203 16.061 287.504 18.656
202206 15.738 296.311 17.737
202209 17.153 296.808 19.300
202212 18.136 296.797 20.406
202303 16.435 301.836 18.184
202306 16.359 305.109 17.905
202309 17.719 307.789 19.225
202312 18.157 306.746 19.767
202403 16.484 312.332 17.625
202406 16.638 314.175 17.685
202409 17.751 315.301 18.801
202412 18.779 315.605 19.871
202503 15.624 319.799 16.315
202506 15.137 322.561 15.672
202509 17.413 324.800 17.904
202512 19.116 324.054 19.700
202603 19.761 330.213 19.985
202606 23.128 333.952 23.128

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 ฿2.33 mean?
Masan Group (BKK:MSN19) has a Cyclically Adjusted Revenue per Share of ฿2.33 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Masan Group and its competitors.
Is Masan Group's Cyclically Adjusted Revenue per Share too high?
Masan Group's current Cyclically Adjusted Revenue per Share is ฿2.33. Overall, Masan Group has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Masan Group's Cyclically Adjusted Revenue per Share compare to MMM and HON?
Masan Group's Cyclically Adjusted Revenue per Share of ฿2.33 can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Cyclically Adjusted Revenue per Share depends on the Conglomerates 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 Masan Group and its competitors. Masan Group's current Cyclically Adjusted Revenue per Share is ฿2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Masan Group stock overvalued right now?
Based on GuruFocus' analysis, Masan Group (BKK:MSN19) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿3.70, compared to a current price of ฿2.86 — trading 22.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿2.33. Masan Group's overall GF Score™ is 59/100 with 4 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 Masan Group (BKK:MSN19), the current Cyclically Adjusted Revenue per Share is ฿2.33 as of Jun. 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 Masan Group (BKK:MSN19) Overvalued in 2026?

Based on GuruFocus' analysis, Masan Group stock appears to be undervalued. The current stock price of ฿2.86 is trading 22.7% below its estimated GF Value™ of ฿3.70. GuruFocus considers Masan Group to be Modestly Undervalued.

Key valuation signals for BKK:MSN19:

  • Cyclically Adjusted Revenue per Share: ฿2.33
  • GF Value™: ฿3.70 vs. price of ฿2.86 (22.7% below fair value)
  • GF Score™: 59/100 with 4 warning signs

No single metric tells the full story. See the BKK:MSN19 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Masan Group Business Description

Other Exchanges MSN:VietnamMSN11:Thailand
Address No. 23 Le Duan Street, 18th Floor, Masan Tower, Sai Gon Ward, Ho Chi Minh City, VNM
Masan Group Corp is an investment holding company based in Vietnam. Along with its subsidiaries, it is mainly engaged in manufacturing, retailing, and distributing food and beverage products in Vietnam. Additionally, it is also involved in financial services, high-tech materials, consumer retail, and other businesses. The Group has five reportable segments: Branded consumer product, MEATLife: integrated meat products, Consumer retail, High-tech materials, and Others. Maximum revenue is generated from the Consumer retail segment. Geographically, the Group generates maximum revenue from its domestic market, and also has some overseas presence.
59GF Score

Get the complete analysis for BKK:MSN19

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

฿2.86
Price
฿3.70
GF Value