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Central Retail Corporation PCL
SET:CRC

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Central Retail Corporation PCL Logo
Central Retail Corporation PCL
SET:CRC
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Price: 18.5 THB -0.54% Market Closed
Market Cap: ฿111.6B

P/S

0.5
Current
42%
Cheaper
vs 3-y average of 0.8

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.5
=
Market Cap
฿109.8B
/
Revenue
฿228.4B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.5
=
Market Cap
฿109.8B
/
Revenue
฿228.4B

Valuation Scenarios

Central Retail Corporation PCL is trading below its 3-year average

If P/S returns to its 3-Year Average (0.8), the stock would be worth ฿31.76 (72% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+175%
Average Upside
89%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.5 ฿18.5
0%
3-Year Average 0.8 ฿31.76
+72%
5-Year Average 1 ฿38.6
+109%
Industry Average 0.5 ฿18.97
+3%
Country Average 1.3 ฿50.89
+175%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
฿109.8B
/
Jan 2026
฿228.4B
=
0.5
Current
฿109.8B
/
Dec 2026
฿241.3B
=
0.5
Forward
฿109.8B
/
Dec 2027
฿252.9B
=
0.4
Forward
฿109.8B
/
Dec 2028
฿267.2B
=
0.4
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
P/S Multiple
Revenue Growth P/S to Growth
TH
Central Retail Corporation PCL
SET:CRC
Average P/S: 74.7
0.5
5%
0.1
US
G
GE Vernova LLC
NYSE:GEV
Not Available
15%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
351.6
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
5.6
-3%
N/A
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
Not Available N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available
88%
N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
18%
N/A
US
Coupang Inc
F:788
1.1
12%
0.1
US
Symbotic Inc
NASDAQ:SYM
15
26%
0.6
US
Q
Qnity Electronics Inc
NYSE:Q
Not Available
6%
N/A
P/E Multiple
Earnings Growth PEG
TH
Central Retail Corporation PCL
SET:CRC
Average P/E: 8 535.9
15.1
9%
1.7
US
G
GE Vernova LLC
NYSE:GEV
Not Available
19%
N/A
UK
E
Eight Capital Partners PLC
F:ECS
Not Available N/A N/A
US
C
China Industrial Group Inc
OTC:CIND
4 020.7
N/A N/A
NL
N
Nepi Rockcastle NV
JSE:NRP
10.5
1%
10.5
US
F
Fintech Ecosystem Development Corp
NASDAQ:FEXD
38 458.7
N/A N/A
US
C
CoreWeave Inc
NASDAQ:CRWV
Not Available N/A N/A
CH
G
Galderma Group AG
SIX:GALD
Not Available
47%
N/A
US
Coupang Inc
F:788
174.4
96%
1.8
US
Symbotic Inc
NASDAQ:SYM
Negative Multiple: -3 291.8 N/A N/A
US
Q
Qnity Electronics Inc
NYSE:Q
Not Available
15%
N/A

Market Distribution

Lower than 79% of companies in Thailand
Percentile
21st
Based on 423 companies
21st percentile
0.5
Low
0 — 0.7
Typical Range
0.7 — 2.2
High
2.2 —
Distribution Statistics
Thailand
Min 0
30th Percentile 0.7
Median 1.3
70th Percentile 2.2
Max 268

Central Retail Corporation PCL
Glance View

Market Cap
111.6B THB
Industry
Retail

Central Retail Corporation PCL, a cornerstone in Thailand's retail landscape, operates as a diversified retail giant with a vast array of offerings. Its foundation lies in being an integral part of the Central Group, one of the largest family-owned conglomerates in the country. The company orchestrates a multi-format retail ecosystem that encompasses everything from department stores and hypermarkets to electrical appliance stores and specialty shops. Through its extensive portfolio of well-established brands, including Central, Robinson, and Tops, Central Retail connects with a broad spectrum of consumers. Beyond traditional brick-and-mortar storefronts, it has adeptly expanded its presence into e-commerce, blending the physical and digital shopping experiences to capture a more extensive clientele and adapt to changing consumer behaviors. The business model of Central Retail hinges on creating an expansive and versatile shopping environment that encourages repeat visitation and cross-shopping among its diverse store formats. Revenues are primarily driven through retail sales within its widespread network, which extends its footprint not only in Thailand but also reaches out to markets in Vietnam and Italy. This geographical diversification allows the company to tap into different consumer dynamics and economic landscapes. The integration of both in-store and online shopping channels has enabled Central Retail to harness the benefits of omnichannel retailing, optimizing the logistics and customer engagement aspects to drive sales growth. With a focus on innovative retail solutions, Central Retail continuously refines its offerings to suit evolving consumer preferences, positioning itself as a dynamic pioneer in the retail sector.

CRC Intrinsic Value
37.34 THB
Undervaluation 50%
Intrinsic Value
Price ฿18.5
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