Thai Airways International PCL (BKK:THAI-R) EV-to-Revenue: 0.86 (As of Jul. 18, 2026) — Near Median

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BKK:THAI-R Thai Airways International PCL BKK:THAI-R
37 GF Score
Price ฿6.00
GF Value ฿0.35
! 4 Warning Signs
View Full Analysis

What is Thai Airways International PCL EV-to-Revenue?

Thai Airways International PCL BKK:THAI-R 37 EV-to-Revenue is 0.86 as of Jul. 18, 2026, which is 7% below its 10-year median of 0.92. GuruFocus rates BKK:THAI-R with a GF Score™ of 37/100 and a GF Value™ of ฿0.35. The stock has 4 warning signs investors should review. Among 1,003 Transportation companies, Thai Airways International PCL ranks better than 66% on this metric.

EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, Thai Airways International PCL's enterprise value is ฿157,493 Mil. Thai Airways International PCL's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ฿182,860 Mil. Therefore, Thai Airways International PCL's EV-to-Revenue for today is 0.86.

The historical rank and industry rank for Thai Airways International PCL's EV-to-Revenue or its related term are showing as below:

BKK:THAI-R' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.31   Med: 0.92   Max: 11.71
Current: 0.85

During the past 13 years, the highest EV-to-Revenue of Thai Airways International PCL was 11.71. The lowest was 0.31. And the median was 0.92.

BKK:THAI-R's EV-to-Revenue is ranked better than
66% of 1003 companies
in the Transportation industry
Industry Median: 1.37 vs BKK:THAI-R: 0.85

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

As of today (2026-07-18), Thai Airways International PCL's stock price is ฿6.00. Thai Airways International PCL's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ฿6.46. Therefore, Thai Airways International PCL's PS Ratio for today is 0.93.


Thai Airways International PCL  (BKK:THAI-R) EV-to-Revenue Explanation

The reason Enterprise Value is used is because Enterprise Value is more real in reflecting how much an investor pays when buying a company. For detais, go to Enterprise Value.

Thai Airways International PCL's PS Ratiofor today is calculated as:

PS Ratio=Share Price (Today)/Revenue per Share (TTM)
=6.00/6.461
=0.93

Thai Airways International PCL's share price for today is ฿6.00.
Thai Airways International PCL's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿6.46.

* 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 Airways International PCL EV-to-Revenue Related Terms


Thai Airways International PCL EV-to-Revenue Historical Data

* Premium members only.

The historical data trend for Thai Airways International PCL's EV-to-Revenue 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 Airways International PCL EV-to-Revenue Chart

Thai Airways International PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.57 1.30 0.66 0.58 1.04

Thai Airways International PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-Revenue 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 0.49 0.50 1.95 1.04 0.88

BKK:THAI-R vs DAL, UAL, LUV: EV-to-Revenue Comparison

For the Airlines subindustry, Thai Airways International PCL's EV-to-Revenue, along with its competitors' market caps and EV-to-Revenue 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 Airways International PCL EV-to-Revenue vs Transportation Industry

For the Transportation industry and Industrials sector, Thai Airways International PCL's EV-to-Revenue distribution charts can be found below:

* The bar in red indicates where Thai Airways International PCL's EV-to-Revenue falls into.


BKK:THAI-R
37GF Score
Thai Airways International PCL BKK:THAI-R
EV-to-Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Airways International PCL EV-to-Revenue Calculation

EV-to-Revenue is a similar ratio to PS Ratio, except here Enterprise Value instead of Market Cap is used in the calculation.

Thai Airways International PCL's EV-to-Revenue for today is calculated as:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=157492.678/182859.773
=0.86

Thai Airways International PCL's current Enterprise Value is ฿157,493 Mil.
Thai Airways International PCL's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿182,860 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-Revenue →
What does a EV-to-Revenue of 0.86 mean?
Thai Airways International PCL (BKK:THAI-R) has a EV-to-Revenue of 0.86 as of Jul. 18, 2026. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Thai Airways International PCL and its competitors. This is near median its historical median of 0.92. Over the past decade, Thai Airways International PCL's EV-to-Revenue has ranged from 0.31 to 11.71. According to the industry distribution chart, Thai Airways International PCL ranks #341 out of 1003 companies in the Transportation industry, placing it in the top 34%.
Is Thai Airways International PCL's EV-to-Revenue too high?
Thai Airways International PCL's current EV-to-Revenue of 0.86 is near median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 11.71. The Transportation industry median EV-to-Revenue is 1.37. Thai Airways International PCL's value of 0.86 is 37.2% below this industry median. Based on the distribution chart, Thai Airways International PCL ranks #341 out of 1003 companies in the Transportation industry, which is above the industry midpoint. Overall, Thai Airways International PCL has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Thai Airways International PCL's EV-to-Revenue compare to DAL and UAL?
According to the Transportation industry distribution chart, Thai Airways International PCL ranks #341 out of 1003 companies for EV-to-Revenue. This puts Thai Airways International PCL in the upper half of its industry. The industry median EV-to-Revenue is 1.37. Thai Airways International PCL's value of 0.86 is 37.2% below this benchmark. Historically, Thai Airways International PCL's own EV-to-Revenue has ranged from 0.31 to 11.71 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.37, Thai Airways International PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-Revenue for a Transportation company?
The median EV-to-Revenue among Transportation companies is 1.37, based on 1,003 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-Revenue significantly above this median, while those in the bottom quartile fall well below. However, EV-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thai Airways International PCL's current EV-to-Revenue of 0.86 is 37.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-Revenue mean?
A high EV-to-Revenue can signal that a stock is expensive relative to its fundamentals. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Thai Airways International PCL and its competitors. For the Transportation industry, the median EV-to-Revenue is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Airways International PCL's current EV-to-Revenue is 0.86, which is near median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Airways International PCL stock overvalued right now?
Thai Airways International PCL (BKK:THAI-R) has a current EV-to-Revenue of 0.86. The stock's GF Value™ is ฿0.35, compared to a current price of ฿6.00 — trading 1614.3% above its estimated fair value. The current EV-to-Revenue is 0.86, which is near median its 10-year median of 0.92 and 37.2% below the Transportation industry median of 1.37. Thai Airways International PCL's overall GF Score™ is 37/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-Revenue calculated?
EV-to-Revenue is calculated from a company's financial statements. For Thai Airways International PCL (BKK:THAI-R), the current EV-to-Revenue is 0.86 as of Jul. 18, 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 Thai Airways International PCL (BKK:THAI-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Airways International PCL stock appears to be overvalued. The current stock price of ฿6.00 is trading 1614.3% above its estimated GF Value™ of ฿0.35.

Key valuation signals for BKK:THAI-R:

  • EV-to-Revenue: 0.86 (near median its 10-year median of 0.92)
  • GF Value™: ฿0.35 vs. price of ฿6.00 (1614.3% above fair value)
  • GF Score™: 37/100 with 4 warning signs
  • Industry Position: 37.2% below the Transportation median (#341 of 1003)

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


Thai Airways International PCL Business Description

Address 89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak District, Bangkok, THA, 10900
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.
37GF Score

Get the complete analysis for BKK:THAI-R

EV-to-Revenue is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿6.00
Price
฿0.35
GF Value