General Environmental Conservation PCL (BKK:GENCO) Cyclically Adjusted Book per Share: ฿1.41 (As of Mar. 2026)

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:GENCO General Environmental Conservation PCL BKK:GENCO
42 GF Score
Price ฿0.35
GF Value ฿0.51
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is General Environmental Conservation PCL Cyclically Adjusted Book per Share?

General Environmental Conservation PCL BKK:GENCO 42 Cyclically Adjusted Book per Share is ฿1.41 as of Mar. 2026. GuruFocus rates BKK:GENCO with a GF Score™ of 42/100 and a GF Value™ of ฿0.51 (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.

General Environmental Conservation PCL's adjusted book value per share for the three months ended in Mar. 2026 was ฿1.000. 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 ฿1.41 for the trailing ten years ended in Mar. 2026.

During the past 12 months, General Environmental Conservation PCL's average Cyclically Adjusted Book Growth Rate was -1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.40% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of General Environmental Conservation PCL was 3.50% per year. The lowest was -0.70% per year. And the median was 1.90% per year.

As of today (2026-08-07), General Environmental Conservation PCL's current stock price is ฿0.35. General Environmental Conservation PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿1.41. General Environmental Conservation PCL's Cyclically Adjusted PB Ratio of today is 0.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of General Environmental Conservation PCL was 0.88. The lowest was 0.16. And the median was 0.42.


General Environmental Conservation PCL  (BKK:GENCO) 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.

General Environmental Conservation PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.35/1.41
=0.25

* 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 General Environmental Conservation PCL was 0.88. The lowest was 0.16. And the median was 0.42.


Be Aware

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


General Environmental Conservation PCL Cyclically Adjusted Book per Share Related Terms


General Environmental Conservation PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for General Environmental Conservation 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.

General Environmental Conservation PCL Cyclically Adjusted Book per Share Chart

General Environmental Conservation 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 1.37 1.43 1.44 1.42 1.40

General Environmental Conservation 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 1.43 1.42 1.42 1.40 1.41

BKK:GENCO vs WM, RSG, WCN: Cyclically Adjusted Book per Share Comparison

For the Waste Management subindustry, General Environmental Conservation 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.


General Environmental Conservation PCL Cyclically Adjusted PB Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, General Environmental Conservation PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where General Environmental Conservation PCL's Cyclically Adjusted PB Ratio falls into.


BKK:GENCO
42GF Score
General Environmental Conservation PCL BKK:GENCO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

General Environmental Conservation 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, General Environmental Conservation 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)
=1/330.2130*330.2130
=1.000

Current CPI (Mar. 2026) = 330.2130.

General Environmental Conservation PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.220 241.018 1.671
201609 1.219 241.428 1.667
201612 1.205 241.432 1.648
201703 1.204 243.801 1.631
201706 1.194 244.955 1.610
201709 1.198 246.819 1.603
201712 1.192 246.524 1.597
201803 1.190 249.554 1.575
201806 1.173 251.989 1.537
201809 1.293 252.439 1.691
201812 1.284 251.233 1.688
201903 1.282 254.202 1.665
201906 1.256 256.143 1.619
201909 1.254 256.759 1.613
201912 1.233 256.974 1.584
202003 1.217 258.115 1.557
202006 1.205 257.797 1.543
202009 1.199 260.280 1.521
202012 1.180 260.474 1.496
202103 1.183 264.877 1.475
202106 1.184 271.696 1.439
202109 1.190 274.310 1.433
202112 1.188 278.802 1.407
202203 1.204 287.504 1.383
202206 1.203 296.311 1.341
202209 1.188 296.808 1.322
202212 1.184 296.797 1.317
202303 1.172 301.836 1.282
202306 1.163 305.109 1.259
202309 1.155 307.789 1.239
202312 1.101 306.746 1.185
202403 1.103 312.332 1.166
202406 1.108 314.175 1.165
202409 1.121 315.301 1.174
202412 0.999 315.605 1.045
202503 1.000 319.799 1.033
202506 0.999 322.561 1.023
202509 1.009 324.800 1.026
202512 0.996 324.054 1.015
202603 1.000 330.213 1.000

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 ฿1.41 mean?
General Environmental Conservation PCL (BKK:GENCO) has a Cyclically Adjusted Book per Share of ฿1.41 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 General Environmental Conservation PCL and its competitors.
Is General Environmental Conservation PCL's Cyclically Adjusted Book per Share too high?
General Environmental Conservation PCL's current Cyclically Adjusted Book per Share is ฿1.41. Overall, General Environmental Conservation PCL has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does General Environmental Conservation PCL's Cyclically Adjusted Book per Share compare to WM and RSG?
General Environmental Conservation PCL's Cyclically Adjusted Book per Share of ฿1.41 can be compared against companies in the Waste Management 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 Waste Management company?
A good Cyclically Adjusted Book per Share depends on the Waste Management 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 General Environmental Conservation PCL and its competitors. General Environmental Conservation PCL's current Cyclically Adjusted Book per Share is ฿1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Environmental Conservation PCL stock overvalued right now?
Based on GuruFocus' analysis, General Environmental Conservation PCL (BKK:GENCO) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.51, compared to a current price of ฿0.35 — trading 31.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is ฿1.41. General Environmental Conservation PCL's overall GF Score™ is 42/100 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 General Environmental Conservation PCL (BKK:GENCO), the current Cyclically Adjusted Book per Share is ฿1.41 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 General Environmental Conservation PCL (BKK:GENCO) Overvalued in 2026?

Based on GuruFocus' analysis, General Environmental Conservation PCL stock appears to be undervalued. The current stock price of ฿0.35 is trading 31.4% below its estimated GF Value™ of ฿0.51. GuruFocus considers General Environmental Conservation PCL to be Possible Value Trap.

Key valuation signals for BKK:GENCO:

  • Cyclically Adjusted Book per Share: ฿1.41
  • GF Value™: ฿0.51 vs. price of ฿0.35 (31.4% below fair value)
  • GF Score™: 42/100 with 4 warning signs

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


General Environmental Conservation PCL Business Description

Address 447 Bondstreet Road, Bangpood, Parkkred, Nonthaburi, THA, 111202502-0900
General Environmental Conservation PCL operates in Thailand and is engaged in the treatment of industrial waste and unavoidable by - products of manufacturing processes, real estate business and other business. It operates the business related to treatment of industrial waste property development business and other business such as a service contract in relevant to distributor of medical equipment and cannabis business which the Company has disposed off.
42GF Score

Get the complete analysis for BKK:GENCO

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

฿0.35
Price
฿0.51
GF Value