Thanapiriya PCL (BKK:TNP) Cyclically Adjusted Revenue per Share: ฿3.27 (As of Dec. 2025)

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:TNP Thanapiriya PCL BKK:TNP
97 GF Score
Price ฿2.90
GF Value ฿3.89
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Thanapiriya PCL Cyclically Adjusted Revenue per Share?

Thanapiriya PCL BKK:TNP 97 Cyclically Adjusted Revenue per Share is ฿3.27 as of Dec. 2025. GuruFocus rates BKK:TNP with a GF Score™ of 97/100 and a GF Value™ of ฿3.89 (Modestly Undervalued). The stock has 1 warning sign 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.

Thanapiriya PCL's adjusted revenue per share for the three months ended in Dec. 2025 was ฿1.118. 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 ฿3.27 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Thanapiriya PCL's average Cyclically Adjusted Revenue Growth Rate was 6.20% 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.

As of today (2026-08-03), Thanapiriya PCL's current stock price is ฿2.90. Thanapiriya PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was ฿3.27. Thanapiriya PCL's Cyclically Adjusted PS Ratio of today is 0.89.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Thanapiriya PCL was 1.30. The lowest was 0.73. And the median was 0.90.


Thanapiriya PCL  (BKK:TNP) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2.90/3.27
=0.89

* 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 Thanapiriya PCL was 1.30. The lowest was 0.73. And the median was 0.90.


Be Aware

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


Thanapiriya PCL Cyclically Adjusted Revenue per Share Related Terms


Thanapiriya PCL Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Thanapiriya 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.

Thanapiriya PCL Cyclically Adjusted Revenue per Share Chart

Thanapiriya 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 3.08 3.27

Thanapiriya PCL Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 3.08 3.14 3.19 3.22 3.27

BKK:TNP vs KR, SFM: Cyclically Adjusted Revenue per Share Comparison

For the Grocery Stores subindustry, Thanapiriya 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.


Thanapiriya PCL Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Thanapiriya PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BKK:TNP
97GF Score
Thanapiriya PCL BKK:TNP
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thanapiriya 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, Thanapiriya PCL's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.118/324.0540*324.0540
=1.118

Current CPI (Dec. 2025) = 324.0540.

Thanapiriya PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.436 238.132 0.593
201606 0.454 241.018 0.610
201609 0.456 241.428 0.612
201612 0.464 241.432 0.623
201703 0.472 243.801 0.627
201706 0.487 244.955 0.644
201709 0.498 246.819 0.654
201712 0.540 246.524 0.710
201803 0.528 249.554 0.686
201806 0.537 251.989 0.691
201809 0.551 252.439 0.707
201812 0.545 251.233 0.703
201903 0.564 254.202 0.719
201906 0.616 256.143 0.779
201909 0.592 256.759 0.747
201912 0.669 256.974 0.844
202003 0.684 258.115 0.859
202006 0.642 257.797 0.807
202009 0.648 260.280 0.807
202012 0.770 260.474 0.958
202103 0.940 264.877 1.150
202106 0.756 271.696 0.902
202109 0.720 274.310 0.851
202112 0.862 278.802 1.002
202203 0.735 287.504 0.828
202206 0.724 296.311 0.792
202209 0.776 296.808 0.847
202212 0.806 296.797 0.880
202303 0.777 301.836 0.834
202306 0.805 305.109 0.855
202309 0.813 307.789 0.856
202312 0.872 306.746 0.921
202403 0.875 312.332 0.908
202406 0.887 314.175 0.915
202409 0.912 315.301 0.937
202412 0.917 315.605 0.942
202503 0.903 319.799 0.915
202506 0.929 322.561 0.933
202509 0.914 324.800 0.912
202512 1.118 324.054 1.118

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 ฿3.27 mean?
Thanapiriya PCL (BKK:TNP) has a Cyclically Adjusted Revenue per Share of ฿3.27 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Thanapiriya PCL and its competitors.
Is Thanapiriya PCL's Cyclically Adjusted Revenue per Share too high?
Thanapiriya PCL's current Cyclically Adjusted Revenue per Share is ฿3.27. Overall, Thanapiriya PCL has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thanapiriya PCL's Cyclically Adjusted Revenue per Share compare to KR and SFM?
Thanapiriya PCL's Cyclically Adjusted Revenue per Share of ฿3.27 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Defensive 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 Thanapiriya PCL and its competitors. Thanapiriya PCL's current Cyclically Adjusted Revenue per Share is ฿3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thanapiriya PCL stock overvalued right now?
Based on GuruFocus' analysis, Thanapiriya PCL (BKK:TNP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿3.89, compared to a current price of ฿2.90 — trading 25.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿3.27. Thanapiriya PCL's overall GF Score™ is 97/100 with 1 warning sign 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 Thanapiriya PCL (BKK:TNP), the current Cyclically Adjusted Revenue per Share is ฿3.27 as of Dec. 2025. 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 Thanapiriya PCL (BKK:TNP) Overvalued in 2026?

Based on GuruFocus' analysis, Thanapiriya PCL stock appears to be undervalued. The current stock price of ฿2.90 is trading 25.4% below its estimated GF Value™ of ฿3.89. GuruFocus considers Thanapiriya PCL to be Modestly Undervalued.

Key valuation signals for BKK:TNP:

  • Cyclically Adjusted Revenue per Share: ฿3.27
  • GF Value™: ฿3.89 vs. price of ฿2.90 (25.4% below fair value)
  • GF Score™: 97/100 with 1 warning sign

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


Thanapiriya PCL Business Description

Address 329, Moo 8, Ban Du Sub-district, Muang Chiangrai District, Chiangrai, THA, 57100
Thanapiriya PCL is engaged in the retail and wholesale business of consumer goods. The company operates retail and wholesale superstores excluding fresh food through its supermarkets under the brand Thanapiriya. It generates revenue from sales and services through its branches and head office in Thailand.
97GF Score

Get the complete analysis for BKK:TNP

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

฿2.90
Price
฿3.89
GF Value