Netbay PCL (BKK:NETBAY) Cyclically Adjusted Revenue per Share: ฿2.63 (As of Mar. 2026)


BKK:NETBAY Netbay PCL BKK:NETBAY
78 GF Score
Price ฿9.75
GF Value ฿21.54
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Netbay PCL Cyclically Adjusted Revenue per Share?

Netbay PCL BKK:NETBAY -1.02% 78 Cyclically Adjusted Revenue per Share is ฿2.63 as of Mar. 2026. GuruFocus rates BKK:NETBAY with a GF Score™ of 78/100 and a GF Value™ of ฿21.54 (Significantly Undervalued). The stock has 3 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.

Netbay PCL's adjusted revenue per share for the three months ended in Mar. 2026 was ฿0.694. 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 ฿2.63 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Netbay PCL's average Cyclically Adjusted Revenue Growth Rate was 11.00% 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 (2026-06-28), Netbay PCL's current stock price is ฿9.75. Netbay PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿2.63. Netbay PCL's Cyclically Adjusted PS Ratio of today is 3.71.

During the past 11 years, the highest Cyclically Adjusted PS Ratio of Netbay PCL was 9.76. The lowest was 3.54. And the median was 8.17.


Netbay PCL  (BKK:NETBAY) 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.

Netbay PCL's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=9.75/2.63
=3.71

* 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 11 years, the highest Cyclically Adjusted PS Ratio of Netbay PCL was 9.76. The lowest was 3.54. And the median was 8.17.


Be Aware

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


Netbay PCL Cyclically Adjusted Revenue per Share Related Terms


Netbay PCL Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Netbay 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.

Netbay PCL Cyclically Adjusted Revenue per Share Chart

Netbay 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 0.00 2.56

Netbay 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 2.37 2.46 2.52 2.56 2.63

BKK:NETBAY vs CRM, SHOP, UBER: Cyclically Adjusted Revenue per Share Comparison

For the Software - Application subindustry, Netbay 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.


Netbay PCL Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Netbay PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:NETBAY
78GF Score
Netbay PCL BKK:NETBAY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Netbay 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, Netbay 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)
=0.694/330.2130*330.2130
=0.694

Current CPI (Mar. 2026) = 330.2130.

Netbay PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.413 241.018 0.566
201609 0.401 241.428 0.548
201612 0.353 241.432 0.483
201703 0.367 243.801 0.497
201706 0.387 244.955 0.522
201709 0.392 246.819 0.524
201712 0.428 246.524 0.573
201803 0.434 249.554 0.574
201806 0.446 251.989 0.584
201809 0.453 252.439 0.593
201812 0.475 251.233 0.624
201903 0.475 254.202 0.617
201906 0.518 256.143 0.668
201909 0.528 256.759 0.679
201912 0.538 256.974 0.691
202003 0.469 258.115 0.600
202006 0.472 257.797 0.605
202009 0.494 260.280 0.627
202012 0.508 260.474 0.644
202103 0.509 264.877 0.635
202106 0.481 271.696 0.585
202109 0.507 274.310 0.610
202112 0.523 278.802 0.619
202203 0.500 287.504 0.574
202206 0.495 296.311 0.552
202209 0.525 296.808 0.584
202212 0.763 296.797 0.849
202303 0.607 301.836 0.664
202306 0.631 305.109 0.683
202309 0.597 307.789 0.640
202312 0.603 306.746 0.649
202403 0.648 312.332 0.685
202406 0.727 314.175 0.764
202409 0.697 315.301 0.730
202412 0.855 315.605 0.895
202503 0.892 319.799 0.921
202506 1.034 322.561 1.059
202509 0.866 324.800 0.880
202512 0.824 324.054 0.840
202603 0.694 330.213 0.694

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 ฿2.63 mean?
Netbay PCL (BKK:NETBAY) has a Cyclically Adjusted Revenue per Share of ฿2.63 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 Netbay PCL and its competitors.
Is Netbay PCL's Cyclically Adjusted Revenue per Share too high?
Netbay PCL's current Cyclically Adjusted Revenue per Share is ฿2.63. Overall, Netbay PCL has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Cyclically Adjusted Revenue per Share compare to CRM and SHOP?
Netbay PCL's Cyclically Adjusted Revenue per Share of ฿2.63 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted Revenue per Share depends on the Software 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 Netbay PCL and its competitors. Netbay PCL's current Cyclically Adjusted Revenue per Share is ฿2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.54, compared to a current price of ฿9.75 — trading 54.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿2.63. Netbay PCL's overall GF Score™ is 78/100 with 3 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 Netbay PCL (BKK:NETBAY), the current Cyclically Adjusted Revenue per Share is ฿2.63 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?

Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued. The current stock price of ฿9.75 is trading 54.7% below its estimated GF Value™ of ฿21.54. GuruFocus considers Netbay PCL to be Significantly Undervalued.

Key valuation signals for BKK:NETBAY:

  • Cyclically Adjusted Revenue per Share: ฿2.63
  • GF Value™: ฿21.54 vs. price of ฿9.75 (54.7% below fair value)
  • GF Score™: 78/100 with 3 warning signs

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


Netbay PCL Business Description

Address No. 719/5, 8-9, Rama 6 Road, Wang Mai Sub-district, Pathumwan District, Bangkok, THA, 10330
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
78GF Score

Get the complete analysis for BKK:NETBAY

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

฿9.75
Price
฿21.54
GF Value