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Thai Solar Energy PCL (BKK:TSE) Cyclically Adjusted Revenue per Share : ฿0.51 (As of Mar. 2025)


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What is Thai Solar Energy PCL Cyclically Adjusted Revenue per Share?

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 Solar Energy PCL's adjusted revenue per share for the three months ended in Mar. 2025 was ฿0.156. 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 ฿0.51 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Thai Solar Energy PCL's average Cyclically Adjusted Revenue Growth Rate was 13.30% 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 (2025-06-29), Thai Solar Energy PCL's current stock price is ฿0.37. Thai Solar Energy PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ฿0.51. Thai Solar Energy PCL's Cyclically Adjusted PS Ratio of today is 0.73.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of Thai Solar Energy PCL was 4.79. The lowest was 0.59. And the median was 2.27.


Thai Solar Energy PCL Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Thai Solar Energy 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.

* Premium members only.

Thai Solar Energy PCL Cyclically Adjusted Revenue per Share Chart

Thai Solar Energy PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.43 0.49

Thai Solar Energy PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.45 0.47 0.48 0.49 0.51

Competitive Comparison of Thai Solar Energy PCL's Cyclically Adjusted Revenue per Share

For the Utilities - Renewable subindustry, Thai Solar Energy 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 Solar Energy PCL's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Thai Solar Energy PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Thai Solar Energy 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 Solar Energy PCL's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.156/134.9266*134.9266
=0.156

Current CPI (Mar. 2025) = 134.9266.

Thai Solar Energy PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.016 100.684 0.021
201509 0.019 100.392 0.026
201512 0.019 99.792 0.026
201603 0.020 100.470 0.027
201606 0.031 101.688 0.041
201609 0.029 101.861 0.038
201612 0.135 101.863 0.179
201703 0.029 102.862 0.038
201706 0.034 103.349 0.044
201709 0.036 104.136 0.047
201712 0.022 104.011 0.029
201803 0.031 105.290 0.040
201806 0.058 106.317 0.074
201809 0.077 106.507 0.098
201812 0.126 105.998 0.160
201903 0.156 107.251 0.196
201906 0.189 108.070 0.236
201909 0.186 108.329 0.232
201912 0.136 108.420 0.169
202003 0.152 108.902 0.188
202006 0.171 108.767 0.212
202009 0.155 109.815 0.190
202012 0.139 109.897 0.171
202103 0.163 111.754 0.197
202106 0.166 114.631 0.195
202109 0.179 115.734 0.209
202112 0.132 117.630 0.151
202203 0.138 121.301 0.154
202206 0.136 125.017 0.147
202209 0.145 125.227 0.156
202212 0.127 125.222 0.137
202303 0.144 127.348 0.153
202306 0.136 128.729 0.143
202309 0.150 129.860 0.156
202312 0.131 129.419 0.137
202403 0.153 131.776 0.157
202406 0.143 132.554 0.146
202409 0.127 133.029 0.129
202412 0.126 133.157 0.128
202503 0.156 134.927 0.156

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Thai Solar Energy PCL  (BKK:TSE) 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 Solar Energy PCL's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.37/0.51
=0.73

* 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 Thai Solar Energy PCL was 4.79. The lowest was 0.59. And the median was 2.27.


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 Solar Energy PCL Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Thai Solar Energy PCL's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Thai Solar Energy PCL Business Description

Traded in Other Exchanges
Address
Sukhumvit Road, 19th Floor, 725 S-Metro Building, Klongton Nua, Wattana, Bangkok, THA, 10110
Thai Solar Energy PCL is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand and Biomass Power Plants.