FN Factory Outlet PCL (BKK:FN) Cyclically Adjusted Book per Share: ฿1.57 (As of Mar. 2026)


BKK:FN FN Factory Outlet PCL BKK:FN
56 GF Score
Price ฿0.46
GF Value ฿1.06
Valuation Possible Value Trap
! 4 Warning Signs
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What is FN Factory Outlet PCL Cyclically Adjusted Book per Share?

FN Factory Outlet PCL BKK:FN -2.13% 56 Cyclically Adjusted Book per Share is ฿1.57 as of Mar. 2026. GuruFocus rates BKK:FN with a GF Score™ of 56/100 and a GF Value™ of ฿1.06 (Possible Value Trap). The stock has 4 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.

FN Factory Outlet PCL's adjusted book value per share for the three months ended in Mar. 2026 was ฿0.875. 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 ฿1.57 for the trailing ten years ended in Mar. 2026.

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 (2026-07-01), FN Factory Outlet PCL's current stock price is ฿0.46. FN Factory Outlet PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿1.57. FN Factory Outlet PCL's Cyclically Adjusted PB Ratio of today is 0.29.

During the past 10 years, the highest Cyclically Adjusted PB Ratio of FN Factory Outlet PCL was 0.32. The lowest was 0.30. And the median was 0.31.


FN Factory Outlet PCL  (BKK:FN) 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.

FN Factory Outlet PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.46/1.57
=0.29

* 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 10 years, the highest Cyclically Adjusted PB Ratio of FN Factory Outlet PCL was 0.32. The lowest was 0.30. And the median was 0.31.


Be Aware

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


FN Factory Outlet PCL Cyclically Adjusted Book per Share Related Terms


FN Factory Outlet PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for FN Factory Outlet 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.

FN Factory Outlet PCL Cyclically Adjusted Book per Share Chart

FN Factory Outlet 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 0.00 0.00

FN Factory Outlet 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 0.00 0.00 0.00 0.00 1.57

BKK:FN vs TJX, ROST, BURL: Cyclically Adjusted Book per Share Comparison

For the Apparel Retail subindustry, FN Factory Outlet 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.


FN Factory Outlet PCL Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, FN Factory Outlet PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where FN Factory Outlet PCL's Cyclically Adjusted PB Ratio falls into.


BKK:FN
56GF Score
FN Factory Outlet PCL BKK:FN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FN Factory Outlet 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, FN Factory Outlet 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)
=0.875/330.2130*330.2130
=0.875

Current CPI (Mar. 2026) = 330.2130.

FN Factory Outlet PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 1.465 241.432 2.004
201703 1.488 243.801 2.015
201706 1.449 244.955 1.953
201709 1.467 246.819 1.963
201712 1.491 246.524 1.997
201803 1.506 249.554 1.993
201806 1.475 251.989 1.933
201809 1.476 252.439 1.931
201812 1.483 251.233 1.949
201903 1.482 254.202 1.925
201906 1.474 256.143 1.900
201909 1.477 256.759 1.900
201912 1.480 256.974 1.902
202003 1.473 258.115 1.884
202006 1.464 257.797 1.875
202009 1.469 260.280 1.864
202012 1.439 260.474 1.824
202103 1.429 264.877 1.781
202106 1.407 271.696 1.710
202109 1.392 274.310 1.676
202112 1.371 278.802 1.624
202203 1.356 287.504 1.557
202206 1.337 296.311 1.490
202209 1.316 296.808 1.464
202212 1.281 296.797 1.425
202303 1.259 301.836 1.377
202306 1.236 305.109 1.338
202309 1.207 307.789 1.295
202312 1.041 306.746 1.121
202403 1.037 312.332 1.096
202406 1.017 314.175 1.069
202409 1.005 315.301 1.053
202412 0.962 315.605 1.007
202503 0.951 319.799 0.982
202506 0.943 322.561 0.965
202509 0.903 324.800 0.918
202512 0.889 324.054 0.906
202603 0.875 330.213 0.875

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 ฿1.57 mean?
FN Factory Outlet PCL (BKK:FN) has a Cyclically Adjusted Book per Share of ฿1.57 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 FN Factory Outlet PCL and its competitors.
Is FN Factory Outlet PCL's Cyclically Adjusted Book per Share too high?
FN Factory Outlet PCL's current Cyclically Adjusted Book per Share is ฿1.57. Overall, FN Factory Outlet PCL has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FN Factory Outlet PCL's Cyclically Adjusted Book per Share compare to TJX and ROST?
FN Factory Outlet PCL's Cyclically Adjusted Book per Share of ฿1.57 can be compared against companies in the Retail - Cyclical 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 a Retail - Cyclical company?
A good Cyclically Adjusted Book per Share depends on the Retail - Cyclical 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 FN Factory Outlet PCL and its competitors. FN Factory Outlet PCL's current Cyclically Adjusted Book per Share is ฿1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FN Factory Outlet PCL stock overvalued right now?
Based on GuruFocus' analysis, FN Factory Outlet PCL (BKK:FN) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.06, compared to a current price of ฿0.46 — trading 56.6% below its estimated fair value. The current Cyclically Adjusted Book per Share is ฿1.57. FN Factory Outlet PCL's overall GF Score™ is 56/100 with 4 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 FN Factory Outlet PCL (BKK:FN), the current Cyclically Adjusted Book per Share is ฿1.57 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 FN Factory Outlet PCL (BKK:FN) Overvalued in 2026?

Based on GuruFocus' analysis, FN Factory Outlet PCL stock appears to be undervalued. The current stock price of ฿0.46 is trading 56.6% below its estimated GF Value™ of ฿1.06. GuruFocus considers FN Factory Outlet PCL to be Possible Value Trap.

Key valuation signals for BKK:FN:

  • Cyclically Adjusted Book per Share: ฿1.57
  • GF Value™: ฿1.06 vs. price of ฿0.46 (56.6% below fair value)
  • GF Score™: 56/100 with 4 warning signs

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


FN Factory Outlet PCL Business Description

Address Rama 9 Road, No. 991, FN Building, Suan Luang Sub-district, Suan Luang District, Bangkok, THA, 10250
FN Factory Outlet PCL is principally engaged in merchandising of clothing and consumer products in Thailand. The subsidiary is principally engaged in distributing inventive products of health care and environmental. It products includes FN Apparel, FN Sleep, FN Home, FN Care, FN Travel, FN Sports, and FN EAT. The company and its subsidiary operate in Thailand.
56GF Score

Get the complete analysis for BKK:FN

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

฿0.46
Price
฿1.06
GF Value