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Major Development PCLBKK:MJD 39 PS Ratio is 0.12 as of Jul. 15, 2026, which is 73% below its 10-year median of 0.44. GuruFocus rates BKK:MJD with a GF Score™ of 39/100 and a GF Value™ of ฿1.03 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,740 Real Estate companies, Major Development PCL ranks better than 96.15% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Major Development PCL's share price is ฿0.32.
Major Development PCL's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ฿2.71. Hence, Major Development PCL's PS Ratio for today is 0.12.
Good Sign:
Major Development PCL stock PS Ratio (=0.12) is close to 10-year low of 0.11.
The historical rank and industry rank for Major Development PCL's PS Ratio or its related term are showing as below:
BKK:MJD'
s PS Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.44 Max: 1.15
Current: 0.12
During the past 13 years, Major Development PCL's highest PS Ratio was 1.15. The lowest was 0.11. And the median was 0.44.
BKK:MJD's PS Ratio is ranked better than 96.15% of 1740
companies
in the Real Estate industry
Industry Median: 2.435
vs BKK:MJD: 0.12
Major Development PCL revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of Major Development PCL was 7.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -10.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -21.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -7.30% per year.
During the past 13 years, Major Development PCL's highest 3-Year average Revenue per Share Growth Rate was 30.50% per year. The lowest was -32.40% per year. And the median was -3.30% per year.
Back to Basics: PS Ratio
Major Development PCL (BKK:MJD) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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.
Major Development PCL PS Ratio Competitor Comparison
For the Real Estate - Development subindustry, Major Development PCL's PS Ratio, along with its competitors' market caps and 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.
Major Development PCL PS Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Major Development PCL's PS Ratio distribution charts can be found below:
* The bar in red indicates where Major Development PCL's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Major Development PCL's Share Price of today is ฿0.32. Major Development 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 ฿2.71.
* 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.
It can also be calculated from the numbers for the whole company:
Major Development PCL (BKK:MJD) has a PS Ratio of 0.12 as of Jul. 15, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Major Development PCL and its competitors. This is 73% below median its historical median of 0.44. Over the past decade, Major Development PCL's PS Ratio has ranged from 0.11 to 1.15. According to the industry distribution chart, Major Development PCL ranks #67 out of 1740 companies in the Real Estate industry, placing it in the top 3.9%.
Is Major Development PCL's PS Ratio too high?
Major Development PCL's current PS Ratio of 0.12 is 73% below median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.15. The Real Estate industry median PS Ratio is 2.44. Major Development PCL's value of 0.12 is 95.1% below this industry median. Based on the distribution chart, Major Development PCL ranks #67 out of 1740 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Major Development PCL has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Major Development PCL's PS Ratio compare to competitors?
According to the Real Estate industry distribution chart, Major Development PCL ranks #67 out of 1740 companies for PS Ratio. This places Major Development PCL in the top 4% of its industry — outperforming the majority of peers. The industry median PS Ratio is 2.44. Major Development PCL's value of 0.12 is 95.1% below this benchmark. Historically, Major Development PCL's own PS Ratio has ranged from 0.11 to 1.15 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 2.44, Major Development 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 PS Ratio for a Real Estate company?
The median PS Ratio among Real Estate companies is 2.44, based on 1,740 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Major Development PCL's current PS Ratio of 0.12 is 95.1% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Major Development PCL and its competitors. For the Real Estate industry, the median PS Ratio is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Major Development PCL's current PS Ratio is 0.12, which is 73% below median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Development PCL stock overvalued right now?
Based on GuruFocus' analysis, Major Development PCL (BKK:MJD) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.03, compared to a current price of ฿0.32 — trading 68.9% below its estimated fair value. The current PS Ratio is 0.12, which is 73% below median its 10-year median of 0.44 and 95.1% below the Real Estate industry median of 2.44. Major Development PCL's overall GF Score™ is 39/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Major Development PCL (BKK:MJD), the current PS Ratio is 0.12 as of Jul. 15, 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 Major Development PCL (BKK:MJD) Overvalued in 2026?
Based on GuruFocus' analysis, Major Development PCL stock appears to be undervalued.
The current stock price of ฿0.32 is trading 68.9% below its estimated GF Value™ of ฿1.03.
GuruFocus considers Major Development PCL to be Possible Value Trap.
Key valuation signals for BKK:MJD:
PS Ratio: 0.12 (73% below median its 10-year median of 0.44)
GF Value™: ฿1.03 vs. price of ฿0.32 (68.9% below fair value)
Industry Position: 95.1% below the Real Estate median (#67 of 1740)
No single metric tells the full story. See the BKK:MJD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Development PCL is a Thailand-based real estate company. The operating segments of the group are the Property development business segment, the Hotel business segment, and the Rental and service business segment. It derives prime revenue from the Property development business segment, which engages in the development of land and houses and residential condominium units for sale. The group mainly operates in Thailand.
39GF Score
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