Thai Polycons PCL (BKK:TPOLY) Cyclically Adjusted Revenue per Share: ฿8.14 (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.

What is Thai Polycons PCL Cyclically Adjusted Revenue per Share?

Thai Polycons PCL BKK:TPOLY +11.11% Cyclically Adjusted Revenue per Share is ฿8.14 as of Mar. 2026. 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.

Thai Polycons PCL's adjusted revenue per share for the three months ended in Mar. 2026 was ฿1.330. 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 ฿8.14 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Thai Polycons PCL's average Cyclically Adjusted Revenue Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.90% 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 Thai Polycons PCL was 7.80% per year. The lowest was 4.20% per year. And the median was 6.20% per year.

As of today (2026-07-26), Thai Polycons PCL's current stock price is ฿0.10. Thai Polycons PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ฿8.14. Thai Polycons PCL's Cyclically Adjusted PS Ratio of today is 0.01.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Thai Polycons PCL was 0.58. The lowest was 0.01. And the median was 0.23.


Thai Polycons PCL  (BKK:TPOLY) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.10/8.14
=0.01

* 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 Thai Polycons PCL was 0.58. The lowest was 0.01. And the median was 0.23.


Be Aware

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


Thai Polycons PCL Cyclically Adjusted Revenue per Share Related Terms


Thai Polycons PCL Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Thai Polycons 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.

Thai Polycons PCL Cyclically Adjusted Revenue per Share Chart

Thai Polycons 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 6.54 7.07 7.61 7.84 8.00

Thai Polycons 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 7.95 8.02 8.05 8.00 8.14

BKK:TPOLY vs PWR, FIX, EME: Cyclically Adjusted Revenue per Share Comparison

For the Engineering & Construction subindustry, Thai Polycons 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.


Thai Polycons PCL Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Thai Polycons PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Thai Polycons 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, Thai Polycons 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)
=1.33/330.2130*330.2130
=1.330

Current CPI (Mar. 2026) = 330.2130.

Thai Polycons PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.972 241.018 1.332
201609 1.118 241.428 1.529
201612 1.421 241.432 1.944
201703 1.513 243.801 2.049
201706 1.229 244.955 1.657
201709 1.468 246.819 1.964
201712 1.629 246.524 2.182
201803 1.440 249.554 1.905
201806 1.426 251.989 1.869
201809 1.580 252.439 2.067
201812 1.469 251.233 1.931
201903 1.357 254.202 1.763
201906 1.514 256.143 1.952
201909 1.900 256.759 2.444
201912 1.859 256.974 2.389
202003 1.645 258.115 2.104
202006 1.709 257.797 2.189
202009 1.728 260.280 2.192
202012 1.857 260.474 2.354
202103 1.766 264.877 2.202
202106 1.971 271.696 2.396
202109 1.981 274.310 2.385
202112 1.867 278.802 2.211
202203 1.965 287.504 2.257
202206 2.097 296.311 2.337
202209 2.360 296.808 2.626
202212 2.358 296.797 2.623
202303 3.340 301.836 3.654
202306 2.621 305.109 2.837
202309 2.643 307.789 2.836
202312 1.873 306.746 2.016
202403 1.552 312.332 1.641
202406 1.353 314.175 1.422
202409 1.409 315.301 1.476
202412 1.364 315.605 1.427
202503 1.551 319.799 1.602
202506 1.427 322.561 1.461
202509 1.423 324.800 1.447
202512 1.405 324.054 1.432
202603 1.330 330.213 1.330

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 ฿8.14 mean?
Thai Polycons PCL (BKK:TPOLY) has a Cyclically Adjusted Revenue per Share of ฿8.14 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 Thai Polycons PCL and its competitors.
Is Thai Polycons PCL's Cyclically Adjusted Revenue per Share too high?
Thai Polycons PCL's current Cyclically Adjusted Revenue per Share is ฿8.14.
How does Thai Polycons PCL's Cyclically Adjusted Revenue per Share compare to PWR and FIX?
Thai Polycons PCL's Cyclically Adjusted Revenue per Share of ฿8.14 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Revenue per Share depends on the Construction 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 Thai Polycons PCL and its competitors. Thai Polycons PCL's current Cyclically Adjusted Revenue per Share is ฿8.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Polycons PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Polycons PCL (BKK:TPOLY) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.43, compared to a current price of ฿0.10 — trading 76.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ฿8.14. 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 Thai Polycons PCL (BKK:TPOLY), the current Cyclically Adjusted Revenue per Share is ฿8.14 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.

Thai Polycons PCL Business Description

Address Prasertmanukit Road, 2, 4 Prasertmanukit Soi 29 Yeak 8, Chaorakhebua, Ladprao, Ladprao, Bangkok, THA, 10230
Thai Polycons PCL is engaged in construction contractor business. The company's segments include Construction contractor; Electricity current selling; Sale of biogas; Real estate Selling; and Sales and service. The majority of the revenue is derived from Construction contractor segment.