Banpu Power PCL (BKK:BPP-R) Cyclically Adjusted Book per Share: ฿13.91 (As of Mar. 2026)


BKK:BPP-R Banpu Power PCL BKK:BPP-R
82 GF Score
Price ฿10.10
GF Value ฿10.29
! 6 Warning Signs
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What is Banpu Power PCL Cyclically Adjusted Book per Share?

Banpu Power PCL BKK:BPP-R 82 Cyclically Adjusted Book per Share is ฿13.91 as of Mar. 2026. GuruFocus rates BKK:BPP-R with a GF Score™ of 82/100 and a GF Value™ of ฿10.29. The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Banpu Power PCL's adjusted book value per share for the three months ended in Mar. 2026 was ฿18.440. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ฿13.91 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Banpu Power PCL's average Cyclically Adjusted Book Growth Rate was 7.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2026-06-26), Banpu Power PCL's current stock price is ฿10.10. Banpu Power PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿13.91. Banpu Power PCL's Cyclically Adjusted PB Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Banpu Power PCL was 0.78. The lowest was 0.40. And the median was 0.61.


Banpu Power PCL  (BKK:BPP-R) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Banpu Power PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.10/13.91
=0.73

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Banpu Power PCL was 0.78. The lowest was 0.40. And the median was 0.61.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Banpu Power PCL Cyclically Adjusted Book per Share Related Terms


Banpu Power PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Banpu Power PCL's Cyclically Adjusted Book per Share 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.

Banpu Power PCL Cyclically Adjusted Book per Share Chart

Banpu Power PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 17.41 13.51

Banpu Power PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 27.88 29.83 16.80 13.51 13.91

BKK:BPP-R vs CEG, VST, NRG: Cyclically Adjusted Book per Share Comparison

For the Utilities - Independent Power Producers subindustry, Banpu Power PCL's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Banpu Power PCL Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Banpu Power PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Banpu Power PCL's Cyclically Adjusted PB Ratio falls into.


BKK:BPP-R
82GF Score
Banpu Power PCL BKK:BPP-R
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banpu Power PCL Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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.

For example, Banpu Power PCL's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=18.44/330.2130*330.2130
=18.440

Current CPI (Mar. 2026) = 330.2130.

Banpu Power PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.809 241.018 10.699
201609 0.000 241.428 0.000
201612 12.205 241.432 16.693
201703 12.381 243.801 16.769
201706 12.731 244.955 17.162
201709 12.643 246.819 16.915
201712 12.796 246.524 17.140
201803 12.900 249.554 17.069
201806 13.381 251.989 17.535
201809 13.035 252.439 17.051
201812 13.245 251.233 17.409
201903 13.471 254.202 17.499
201906 13.207 256.143 17.026
201909 12.962 256.759 16.670
201912 12.808 256.974 16.458
202003 13.490 258.115 17.258
202006 12.921 257.797 16.551
202009 13.404 260.280 17.005
202012 13.488 260.474 17.099
202103 14.260 264.877 17.777
202106 14.579 271.696 17.719
202109 15.050 274.310 18.117
202112 14.973 278.802 17.734
202203 15.873 287.504 18.231
202206 15.993 296.311 17.823
202209 16.926 296.808 18.831
202212 15.907 296.797 17.698
202303 16.410 301.836 17.953
202306 16.526 305.109 17.886
202309 17.010 307.789 18.249
202312 16.466 306.746 17.726
202403 17.368 312.332 18.362
202406 17.217 314.175 18.096
202409 16.220 315.301 16.987
202412 16.284 315.605 17.038
202503 16.523 319.799 17.061
202506 16.223 322.561 16.608
202509 16.353 324.800 16.626
202512 15.879 324.054 16.181
202603 18.440 330.213 18.440

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of ฿13.91 mean?
Banpu Power PCL (BKK:BPP-R) has a Cyclically Adjusted Book per Share of ฿13.91 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Banpu Power PCL and its competitors.
Is Banpu Power PCL's Cyclically Adjusted Book per Share too high?
Banpu Power PCL's current Cyclically Adjusted Book per Share is ฿13.91. Overall, Banpu Power PCL has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Banpu Power PCL's Cyclically Adjusted Book per Share compare to CEG and VST?
Banpu Power PCL's Cyclically Adjusted Book per Share of ฿13.91 can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for an Utilities - Independent Power Producers company?
A good Cyclically Adjusted Book per Share depends on the Utilities - Independent Power Producers industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Banpu Power PCL and its competitors. Banpu Power PCL's current Cyclically Adjusted Book per Share is ฿13.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banpu Power PCL stock overvalued right now?
Banpu Power PCL (BKK:BPP-R) has a current Cyclically Adjusted Book per Share of ฿13.91. The stock's GF Value™ is ฿10.29, compared to a current price of ฿10.10 — trading 1.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is ฿13.91. Banpu Power PCL's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Banpu Power PCL (BKK:BPP-R), the current Cyclically Adjusted Book per Share is ฿13.91 as of Mar. 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 Banpu Power PCL (BKK:BPP-R) Overvalued in 2026?

Based on GuruFocus' analysis, Banpu Power PCL stock appears to be undervalued. The current stock price of ฿10.10 is trading 1.8% below its estimated GF Value™ of ฿10.29.

Key valuation signals for BKK:BPP-R:

  • Cyclically Adjusted Book per Share: ฿13.91
  • GF Value™: ฿10.29 vs. price of ฿10.10 (1.8% below fair value)
  • GF Score™: 82/100 with 6 warning signs

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


Banpu Power PCL Business Description

Other Exchanges BPP:Thailand
Address 1550 New Petchburi Road, 26th Floor, Thanapoom Tower, Makkasan, Ratchathewi, Bangkok, THA, 10400
Banpu Power PCL is engaged in investments in power businesses in Thailand and overseas. The business activities of the group include the generation and sale of electricity and other related business. The company's business segments include Power+: Power generation from thermal and renewable energy sources, both domestically and internationally. Second segment being Future Tech: Battery energy storage systems, solar rooftop and floating solar systems, battery production, energy trading, e-mobility, and energy efficiency businesses. Geographically, the company has its presence in the United States which is the key revenue driver, China, and other regions.
82GF Score

Get the complete analysis for BKK:BPP-R

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿10.10
Price
฿10.29
GF Value