Thai Airways International PCL (BKK:THAI-R) Shiller PE Ratio: (As of Jul. 01, 2026)


BKK:THAI-R Thai Airways International PCL BKK:THAI-R
37 GF Score
Price ฿6.00
GF Value ฿0.34
! 4 Warning Signs
View Full Analysis

What is Thai Airways International PCL Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Airways International PCL  (BKK:THAI-R) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Thai Airways International PCL Shiller PE Ratio Related Terms


Thai Airways International PCL Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Thai Airways International PCL's Shiller PE 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.

Thai Airways International PCL Shiller PE Ratio Chart

Thai Airways International PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

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
Shiller PE 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 0.00 0.00 0.00 0.00 0.00

BKK:THAI-R vs DAL, UAL, LUV: Shiller PE Ratio Comparison

For the Airlines subindustry, Thai Airways International PCL's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Airways International PCL Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Thai Airways International PCL's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Thai Airways International PCL's Shiller PE Ratio falls into.


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

Thai Airways International PCL Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Thai Airways International PCL's E10 for the quarter that ended in Mar. 2026 is calculated as:

For example, Thai Airways International PCL's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.36/330.2130*330.2130
=0.360

Current CPI (Mar. 2026) = 330.2130.

Thai Airways International PCL Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201606 -1.340 241.018 -1.836
201609 -0.730 241.428 -0.998
201612 -0.670 241.432 -0.916
201703 1.450 243.801 1.964
201706 -2.390 244.955 -3.222
201709 -0.840 246.819 -1.124
201712 0.810 246.524 1.085
201803 1.240 249.554 1.641
201806 -1.420 251.989 -1.861
201809 -1.700 252.439 -2.224
201812 -3.460 251.233 -4.548
201903 0.200 254.202 0.260
201906 -3.150 256.143 -4.061
201909 -2.140 256.759 -2.752
201912 -0.423 256.974 -0.544
202003 -10.390 258.115 -13.292
202006 -2.450 257.797 -3.138
202009 -9.870 260.280 -12.522
202012 -41.973 260.474 -53.211
202103 -5.590 264.877 -6.969
202106 10.690 271.696 12.992
202109 18.320 274.310 22.054
202112 1.830 278.802 2.167
202203 -1.490 287.504 -1.711
202206 -1.480 296.311 -1.649
202209 -2.190 296.808 -2.436
202212 5.030 296.797 5.596
202303 5.730 301.836 6.269
202306 1.040 305.109 1.126
202309 0.700 307.789 0.751
202312 5.398 306.746 5.811
202403 1.100 312.332 1.163
202406 0.140 314.175 0.147
202409 5.720 315.301 5.991
202412 -1.488 315.605 -1.557
202503 0.350 319.799 0.361
202506 0.430 322.561 0.440
202509 0.160 324.800 0.163
202512 0.160 324.054 0.163
202603 0.360 330.213 0.360

Add all the adjusted EPS together and divide 10 will get our E10.

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.

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 1664.7% above its estimated GF Value™ of ฿0.34.

Key valuation signals for BKK:THAI-R:

  • Shiller PE Ratio:
  • GF Value™: ฿0.34 vs. price of ฿6.00 (1664.7% above fair value)
  • GF Score™: 37/100 with 4 warning signs

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

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

฿6.00
Price
฿0.34
GF Value