NCL International Logistics PCL (BKK:NCL) Cyclically Adjusted Revenue per Share: ฿2.85 (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:NCL NCL International Logistics PCL BKK:NCL
24 GF Score
Price ฿0.17
GF Value ฿0.36
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is NCL International Logistics PCL Cyclically Adjusted Revenue per Share?

NCL International Logistics PCL BKK:NCL +6.25% 24 Cyclically Adjusted Revenue per Share is ฿2.85 as of Mar. 2026. GuruFocus rates BKK:NCL with a GF Score™ of 24/100 and a GF Value™ of ฿0.36 (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.

NCL International Logistics PCL's adjusted revenue per share for the three months ended in Mar. 2026 was ฿0.148. 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 ฿2.85 for the trailing ten years ended in Mar. 2026.

During the past 12 months, NCL International Logistics PCL's average Cyclically Adjusted Revenue Growth Rate was -4.70% 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 (2026-07-28), NCL International Logistics PCL's current stock price is ฿0.17. NCL International Logistics PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿2.85. NCL International Logistics PCL's Cyclically Adjusted PS Ratio of today is 0.06.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of NCL International Logistics PCL was 0.20. The lowest was 0.05. And the median was 0.08.


NCL International Logistics PCL  (BKK:NCL) 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.

NCL International Logistics PCL's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.17/2.85
=0.06

* 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 12 years, the highest Cyclically Adjusted PS Ratio of NCL International Logistics PCL was 0.20. The lowest was 0.05. And the median was 0.08.


Be Aware

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


NCL International Logistics PCL Cyclically Adjusted Revenue per Share Related Terms


NCL International Logistics PCL Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for NCL International Logistics 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.

NCL International Logistics PCL Cyclically Adjusted Revenue per Share Chart

NCL International Logistics 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 0.00 0.00 0.00 3.00 2.87

NCL International Logistics 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 2.99 2.95 2.93 2.87 2.85

BKK:NCL vs UPS, FDX, JBHT: Cyclically Adjusted Revenue per Share Comparison

For the Integrated Freight & Logistics subindustry, NCL International Logistics 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.


NCL International Logistics PCL Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, NCL International Logistics PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where NCL International Logistics PCL's Cyclically Adjusted PS Ratio falls into.


BKK:NCL
24GF Score
NCL International Logistics PCL BKK:NCL
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NCL International Logistics 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, NCL International Logistics 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)
=0.148/330.2130*330.2130
=0.148

Current CPI (Mar. 2026) = 330.2130.

NCL International Logistics PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.586 241.018 0.803
201609 0.612 241.428 0.837
201612 0.553 241.432 0.756
201703 0.514 243.801 0.696
201706 0.564 244.955 0.760
201709 0.606 246.819 0.811
201712 0.603 246.524 0.808
201803 0.607 249.554 0.803
201806 0.686 251.989 0.899
201809 0.742 252.439 0.971
201812 0.708 251.233 0.931
201903 0.719 254.202 0.934
201906 0.741 256.143 0.955
201909 0.684 256.759 0.880
201912 0.653 256.974 0.839
202003 0.587 258.115 0.751
202006 0.430 257.797 0.551
202009 0.468 260.280 0.594
202012 0.462 260.474 0.586
202103 0.732 264.877 0.913
202106 0.761 271.696 0.925
202109 1.269 274.310 1.528
202112 1.369 278.802 1.621
202203 1.112 287.504 1.277
202206 1.107 296.311 1.234
202209 0.826 296.808 0.919
202212 0.614 296.797 0.683
202303 0.405 301.836 0.443
202306 0.330 305.109 0.357
202309 0.286 307.789 0.307
202312 0.283 306.746 0.305
202403 0.305 312.332 0.322
202406 0.273 314.175 0.287
202409 0.428 315.301 0.448
202412 0.291 315.605 0.304
202503 0.253 319.799 0.261
202506 0.339 322.561 0.347
202509 0.384 324.800 0.390
202512 0.338 324.054 0.344
202603 0.148 330.213 0.148

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 ฿2.85 mean?
NCL International Logistics PCL (BKK:NCL) has a Cyclically Adjusted Revenue per Share of ฿2.85 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 NCL International Logistics PCL and its competitors.
Is NCL International Logistics PCL's Cyclically Adjusted Revenue per Share too high?
NCL International Logistics PCL's current Cyclically Adjusted Revenue per Share is ฿2.85. Overall, NCL International Logistics PCL has a GF Score™ of 24/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NCL International Logistics PCL's Cyclically Adjusted Revenue per Share compare to UPS and FDX?
NCL International Logistics PCL's Cyclically Adjusted Revenue per Share of ฿2.85 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 NCL International Logistics PCL and its competitors. NCL International Logistics PCL's current Cyclically Adjusted Revenue per Share is ฿2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCL International Logistics PCL stock overvalued right now?
Based on GuruFocus' analysis, NCL International Logistics PCL (BKK:NCL) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.36, compared to a current price of ฿0.17 — trading 52.8% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿2.85. NCL International Logistics PCL's overall GF Score™ is 24/100 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 NCL International Logistics PCL (BKK:NCL), the current Cyclically Adjusted Revenue per Share is ฿2.85 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 NCL International Logistics PCL (BKK:NCL) Overvalued in 2026?

Based on GuruFocus' analysis, NCL International Logistics PCL stock appears to be undervalued. The current stock price of ฿0.17 is trading 52.8% below its estimated GF Value™ of ฿0.36. GuruFocus considers NCL International Logistics PCL to be Possible Value Trap.

Key valuation signals for BKK:NCL:

  • Cyclically Adjusted Revenue per Share: ฿2.85
  • GF Value™: ฿0.36 vs. price of ฿0.17 (52.8% below fair value)
  • GF Score™: 24/100 with 5 warning signs

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


NCL International Logistics PCL Business Description

Address 56/9-10 Soi Taksin 12/1, Somdejprachaotaksin Road, Bukkalo, Thonburi, Bangkok, THA, 10600
NCL International Logistics PCL is engaged in providing logistics management services, including international freight forwarding, customs broker, inland transportation, multimodal transport operator and all freight-related services for imports and exports. It has four business segments: Non-vessel operating common carrier, Freight forwarder, Land transportation, Services under contracts, with the majority of revenue from Non-vessel operating common carrier.
24GF Score

Get the complete analysis for BKK:NCL

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

฿0.17
Price
฿0.36
GF Value