Trinity Freehold And Leasehold Property Fund (BKK:TNPF-F) PS Ratio: 20.00 (As of Aug. 08, 2026) — 27% Below Median

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:TNPF-F Trinity Freehold And Leasehold Property Fund BKK:TNPF-F
57 GF Score
Price ฿1.96
GF Value ฿2.71
! 4 Warning Signs
View Full Analysis

What is Trinity Freehold And Leasehold Property Fund PS Ratio?

Trinity Freehold And Leasehold Property Fund BKK:TNPF-F 57 PS Ratio is 20.00 as of Aug. 08, 2026, which is 27% below its 10-year median of 27.40. GuruFocus rates BKK:TNPF-F with a GF Score™ of 57/100 and a GF Value™ of ฿2.71. The stock has 4 warning signs investors should review.

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, Trinity Freehold And Leasehold Property Fund's share price is ฿1.96. Trinity Freehold And Leasehold Property Fund's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ฿0.10. Hence, Trinity Freehold And Leasehold Property Fund's PS Ratio for today is 20.00.

The historical rank and industry rank for Trinity Freehold And Leasehold Property Fund's PS Ratio or its related term are showing as below:

BKK:TNPF-F' s PS Ratio Range Over the Past 10 Years
Min: 13.75   Med: 27.4   Max: 125
Current: 20

During the past 13 years, Trinity Freehold And Leasehold Property Fund's highest PS Ratio was 125.00. The lowest was 13.75. And the median was 27.40.

BKK:TNPF-F's PS Ratio is not ranked
in the REITs industry.
Industry Median: 6.52 vs BKK:TNPF-F: 20.00

Trinity Freehold And Leasehold Property Fund's Revenue per Sharefor the three months ended in Mar. 2026 was ฿0.03. Its Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ฿0.10.

Warning Sign:

Trinity Freehold And Leasehold Property Fund 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 Trinity Freehold And Leasehold Property Fund was 24.10% per year. During the past 3 years, the average Revenue per Share Growth Rate was 79.80% per year. During the past 5 years, the average Revenue per Share Growth Rate was -6.40% per year.

During the past 13 years, Trinity Freehold And Leasehold Property Fund's highest 3-Year average Revenue per Share Growth Rate was 79.80% per year. The lowest was -62.20% per year. And the median was -27.30% per year.

Back to Basics: PS Ratio


Trinity Freehold And Leasehold Property Fund  (BKK:TNPF-F) 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.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

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.


Trinity Freehold And Leasehold Property Fund PS Ratio Related Terms


Trinity Freehold And Leasehold Property Fund PS Ratio Historical Data

* Premium members only.

The historical data trend for Trinity Freehold And Leasehold Property Fund's PS Ratio 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.

Trinity Freehold And Leasehold Property Fund PS Ratio Chart

Trinity Freehold And Leasehold Property Fund Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.98 125.00 39.22 25.97 21.08

Trinity Freehold And Leasehold Property Fund Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PS Ratio 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 25.32 24.10 22.73 21.08 20.00

BKK:TNPF-F vs SPG, O, KIM: PS Ratio Comparison

For the REIT - Retail subindustry, Trinity Freehold And Leasehold Property Fund'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.


Trinity Freehold And Leasehold Property Fund PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Trinity Freehold And Leasehold Property Fund's PS Ratio distribution charts can be found below:

* The bar in red indicates where Trinity Freehold And Leasehold Property Fund's PS Ratio falls into.


BKK:TNPF-F
57GF Score
Trinity Freehold And Leasehold Property Fund BKK:TNPF-F
PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trinity Freehold And Leasehold Property Fund PS Ratio Calculation

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.

Trinity Freehold And Leasehold Property Fund's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=1.96/0.098
=20.00

Trinity Freehold And Leasehold Property Fund's Share Price of today is ฿1.96.
Trinity Freehold And Leasehold Property Fund'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 ฿0.10.

* 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:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.

Frequently Asked Questions Learn more about PS Ratio →
What does a PS Ratio of 20.00 mean?
Trinity Freehold And Leasehold Property Fund (BKK:TNPF-F) has a PS Ratio of 20.00 as of Aug. 08, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Trinity Freehold And Leasehold Property Fund and its competitors. This is 27% below median its historical median of 27.40. Over the past decade, Trinity Freehold And Leasehold Property Fund's PS Ratio has ranged from 13.75 to 125.00.
Is Trinity Freehold And Leasehold Property Fund's PS Ratio too high?
Trinity Freehold And Leasehold Property Fund's current PS Ratio of 20.00 is 27% below median its 10-year median of 27.40. Over the past 10 years, this metric has ranged from a low of 13.75 to a high of 125.00. The REITs industry median PS Ratio is 6.52. Trinity Freehold And Leasehold Property Fund's value of 20.00 is 206.7% above this industry median. Overall, Trinity Freehold And Leasehold Property Fund has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Trinity Freehold And Leasehold Property Fund's PS Ratio compare to SPG and O?
Trinity Freehold And Leasehold Property Fund's PS Ratio of 20.00 can be compared against companies in the REITs industry. The industry median PS Ratio is 6.52. Trinity Freehold And Leasehold Property Fund's value of 20.00 is 206.7% above this benchmark. Historically, Trinity Freehold And Leasehold Property Fund's own PS Ratio has ranged from 13.75 to 125.00 over the past decade. While the company's 10-year median is 27.40 vs. the industry median of 6.52, Trinity Freehold And Leasehold Property Fund has consistently been above 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 REITs company?
The median PS Ratio among REITs companies is 6.52, based on 901 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. Trinity Freehold And Leasehold Property Fund's current PS Ratio of 20.00 is 206.7% above 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 Trinity Freehold And Leasehold Property Fund and its competitors. For the REITs industry, the median PS Ratio is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trinity Freehold And Leasehold Property Fund's current PS Ratio is 20.00, which is 27% below median its own 10-year median of 27.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trinity Freehold And Leasehold Property Fund stock overvalued right now?
Trinity Freehold And Leasehold Property Fund (BKK:TNPF-F) has a current PS Ratio of 20.00. The stock's GF Value™ is ฿2.71, compared to a current price of ฿1.96 — trading 27.7% below its estimated fair value. The current PS Ratio is 20.00, which is 27% below median its 10-year median of 27.40 and 206.7% above the REITs industry median of 6.52. Trinity Freehold And Leasehold Property Fund's overall GF Score™ is 57/100 with 4 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 Trinity Freehold And Leasehold Property Fund (BKK:TNPF-F), the current PS Ratio is 20.00 as of Aug. 08, 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 Trinity Freehold And Leasehold Property Fund (BKK:TNPF-F) Overvalued in 2026?

Based on GuruFocus' analysis, Trinity Freehold And Leasehold Property Fund stock appears to be undervalued. The current stock price of ฿1.96 is trading 27.7% below its estimated GF Value™ of ฿2.71.

Key valuation signals for BKK:TNPF-F:

  • PS Ratio: 20.00 (27% below median its 10-year median of 27.40)
  • GF Value™: ฿2.71 vs. price of ฿1.96 (27.7% below fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 206.7% above the REITs median

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


Trinity Freehold And Leasehold Property Fund Business Description

Industry Real EstateREITs
Address Langsuan Road, 44 CIMB Thai Bank Tower, 16th Floor, Lumphini Subdistrict, Pathumwan District, Bangkok, THA, 10330
Trinity Freehold And Leasehold Property Fund engages in real estate investments. The objective of the Fund is to raise funds from general investors, both local and foreign individual and juristic person. The fund will use such funds to purchase, lease and/or sub-lease immovable property. Its property portfolio includes serviced apartment, hotel and shopping center.
57GF Score

Get the complete analysis for BKK:TNPF-F

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

฿1.96
Price
฿2.71
GF Value