Thanachart Capital PCL (BKK:TCAP) Cyclically Adjusted Revenue per Share: ฿22.14 (As of Jun. 2026)

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BKK:TCAP Thanachart Capital PCL BKK:TCAP
49 GF Score
Price ฿89.25
GF Value ฿54.48
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Thanachart Capital PCL Cyclically Adjusted Revenue per Share?

Thanachart Capital PCL BKK:TCAP +3.48% 49 Cyclically Adjusted Revenue per Share is ฿22.14 as of Jun. 2026. GuruFocus rates BKK:TCAP with a GF Score™ of 49/100 and a GF Value™ of ฿54.48 (Significantly Overvalued). The stock has 6 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.

Thanachart Capital PCL's adjusted revenue per share for the three months ended in Jun. 2026 was ฿4.538. 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 ฿22.14 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Thanachart Capital PCL's average Cyclically Adjusted Revenue Growth Rate was -11.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -9.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -6.10% 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 Thanachart Capital PCL was -1.60% per year. The lowest was -9.00% per year. And the median was -3.05% per year.

As of today (2026-08-13), Thanachart Capital PCL's current stock price is ฿89.25. Thanachart Capital PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ฿22.14. Thanachart Capital PCL's Cyclically Adjusted PS Ratio of today is 4.03.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Thanachart Capital PCL was 4.03. The lowest was 0.85. And the median was 1.61.


Thanachart Capital PCL  (BKK:TCAP) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=89.25/22.14
=4.03

* 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 Thanachart Capital PCL was 4.03. The lowest was 0.85. And the median was 1.61.


Be Aware

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


Thanachart Capital PCL Cyclically Adjusted Revenue per Share Related Terms


Thanachart Capital PCL Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Thanachart Capital 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.

Thanachart Capital PCL Cyclically Adjusted Revenue per Share Chart

Thanachart Capital 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 31.24 30.79 28.63 26.11 23.21

Thanachart Capital PCL 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 24.92 24.20 23.21 22.73 22.14

BKK:TCAP vs V, MA, AXP: Cyclically Adjusted Revenue per Share Comparison

For the Credit Services subindustry, Thanachart Capital 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.


Thanachart Capital PCL Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Thanachart Capital PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:TCAP
49GF Score
Thanachart Capital PCL BKK:TCAP
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thanachart Capital 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, Thanachart Capital PCL'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)
=4.538/333.9520*333.9520
=4.538

Current CPI (Jun. 2026) = 333.9520.

Thanachart Capital PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 9.579 241.428 13.250
201612 9.758 241.432 13.497
201703 9.461 243.801 12.959
201706 9.950 244.955 13.565
201709 10.283 246.819 13.913
201712 10.219 246.524 13.843
201803 10.438 249.554 13.968
201806 10.595 251.989 14.041
201809 9.822 252.439 12.994
201812 -19.234 251.233 -25.567
201903 3.103 254.202 4.076
201906 2.895 256.143 3.774
201909 3.541 256.759 4.606
201912 2.400 256.974 3.119
202003 6.106 258.115 7.900
202006 2.967 257.797 3.843
202009 2.882 260.280 3.698
202012 3.202 260.474 4.105
202103 3.133 264.877 3.950
202106 3.434 271.696 4.221
202109 3.612 274.310 4.397
202112 4.091 278.802 4.900
202203 3.107 287.504 3.609
202206 3.529 296.311 3.977
202209 3.300 296.808 3.713
202212 3.507 296.797 3.946
202303 3.735 301.836 4.132
202306 3.661 305.109 4.007
202309 3.804 307.789 4.127
202312 3.645 306.746 3.968
202403 4.024 312.332 4.303
202406 3.922 314.175 4.169
202409 3.702 315.301 3.921
202412 3.555 315.605 3.762
202503 3.782 319.799 3.949
202506 4.214 322.561 4.363
202509 3.963 324.800 4.075
202512 3.834 324.054 3.951
202603 3.827 330.213 3.870
202606 4.538 333.952 4.538

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 ฿22.14 mean?
Thanachart Capital PCL (BKK:TCAP) has a Cyclically Adjusted Revenue per Share of ฿22.14 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 Thanachart Capital PCL and its competitors.
Is Thanachart Capital PCL's Cyclically Adjusted Revenue per Share too high?
Thanachart Capital PCL's current Cyclically Adjusted Revenue per Share is ฿22.14. Overall, Thanachart Capital PCL has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thanachart Capital PCL's Cyclically Adjusted Revenue per Share compare to V and MA?
Thanachart Capital PCL's Cyclically Adjusted Revenue per Share of ฿22.14 can be compared against companies in the Credit Services 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 Credit Services company?
A good Cyclically Adjusted Revenue per Share depends on the Credit Services 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 Thanachart Capital PCL and its competitors. Thanachart Capital PCL's current Cyclically Adjusted Revenue per Share is ฿22.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thanachart Capital PCL stock overvalued right now?
Based on GuruFocus' analysis, Thanachart Capital PCL (BKK:TCAP) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿54.48, compared to a current price of ฿89.25 — trading 63.8% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿22.14. Thanachart Capital PCL's overall GF Score™ is 49/100 with 6 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 Thanachart Capital PCL (BKK:TCAP), the current Cyclically Adjusted Revenue per Share is ฿22.14 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 Thanachart Capital PCL (BKK:TCAP) Overvalued in 2026?

Based on GuruFocus' analysis, Thanachart Capital PCL stock appears to be overvalued. The current stock price of ฿89.25 is trading 63.8% above its estimated GF Value™ of ฿54.48. GuruFocus considers Thanachart Capital PCL to be Significantly Overvalued.

Key valuation signals for BKK:TCAP:

  • Cyclically Adjusted Revenue per Share: ฿22.14
  • GF Value™: ฿54.48 vs. price of ฿89.25 (63.8% above fair value)
  • GF Score™: 49/100 with 6 warning signs

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


Thanachart Capital PCL Business Description

Other Exchanges NFPH:Germany
Address Phayathai Road, 444, 16-17th Floor, MBK Tower, Wangmai, Pathumwan, Bangkok, THA, 10330
Thanachart Capital PCL is an investment holding company domiciled in Thailand. Through its subsidiaries, it operates in different reportable operating business segments such as; non-performing assets management business, securities business, asset management business, leasing and hire purchase business, non-life insurance business, life insurance business, and others. The majority of the company's revenue is generated from its Leasing and Hire purchase business which provides auto hire purchase and financial lease services with a focus on the auto market for new and used cars markets for passenger cars as well as vehicles for commercial purposes, such as pick-ups, taxis, truck tractors and lorries, etc.
49GF Score

Get the complete analysis for BKK:TCAP

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

฿89.25
Price
฿54.48
GF Value