Triple i Logistics PCL (BKK:III) Cyclically Adjusted Book per Share: ฿3.45 (As of Mar. 2026)


BKK:III Triple i Logistics PCL BKK:III
75 GF Score
Price ฿4.28
GF Value ฿6.57
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Triple i Logistics PCL Cyclically Adjusted Book per Share?

Triple i Logistics PCL BKK:III +0.94% 75 Cyclically Adjusted Book per Share is ฿3.45 as of Mar. 2026. GuruFocus rates BKK:III with a GF Score™ of 75/100 and a GF Value™ of ฿6.57 (Significantly Undervalued). The stock has 5 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.

Triple i Logistics PCL's adjusted book value per share for the three months ended in Mar. 2026 was ฿5.330. 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 ฿3.45 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 (2026-07-09), Triple i Logistics PCL's current stock price is ฿4.28. Triple i Logistics PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿3.45. Triple i Logistics PCL's Cyclically Adjusted PB Ratio of today is 1.24.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Triple i Logistics PCL was 1.28. The lowest was 1.12. And the median was 1.21.


Triple i Logistics PCL  (BKK:III) 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.

Triple i Logistics PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.28/3.45
=1.24

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Triple i Logistics PCL was 1.28. The lowest was 1.12. And the median was 1.21.


Be Aware

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


Triple i Logistics PCL Cyclically Adjusted Book per Share Related Terms


Triple i Logistics PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Triple i Logistics 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.

Triple i Logistics PCL Cyclically Adjusted Book per Share Chart

Triple i Logistics 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 3.25

Triple i Logistics 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 3.25 3.45

BKK:III vs UPS, FDX, JBHT: Cyclically Adjusted Book per Share Comparison

For the Integrated Freight & Logistics subindustry, Triple i Logistics 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.


Triple i Logistics PCL Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Triple i Logistics PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Triple i Logistics PCL's Cyclically Adjusted PB Ratio falls into.


BKK:III
75GF Score
Triple i Logistics PCL BKK:III
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Triple i Logistics 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, Triple i Logistics 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)
=5.33/330.2130*330.2130
=5.330

Current CPI (Mar. 2026) = 330.2130.

Triple i Logistics PCL Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.413 236.525 0.577
201609 0.000 241.428 0.000
201612 0.560 241.432 0.766
201703 0.000 243.801 0.000
201706 0.491 244.955 0.662
201709 1.797 246.819 2.404
201712 1.830 246.524 2.451
201803 1.873 249.554 2.478
201806 1.829 251.989 2.397
201809 1.900 252.439 2.485
201812 1.971 251.233 2.591
201903 2.054 254.202 2.668
201906 1.966 256.143 2.535
201909 2.047 256.759 2.633
201912 2.083 256.974 2.677
202003 2.131 258.115 2.726
202006 1.987 257.797 2.545
202009 2.053 260.280 2.605
202012 2.130 260.474 2.700
202103 2.269 264.877 2.829
202106 2.457 271.696 2.986
202109 2.538 274.310 3.055
202112 2.773 278.802 3.284
202203 2.966 287.504 3.407
202206 2.967 296.311 3.306
202209 3.037 296.808 3.379
202212 3.858 296.797 4.292
202303 4.586 301.836 5.017
202306 4.489 305.109 4.858
202309 4.341 307.789 4.657
202312 4.792 306.746 5.159
202403 4.925 312.332 5.207
202406 4.875 314.175 5.124
202409 4.873 315.301 5.103
202412 5.005 315.605 5.237
202503 5.147 319.799 5.315
202506 5.041 322.561 5.161
202509 5.059 324.800 5.143
202512 5.197 324.054 5.296
202603 5.330 330.213 5.330

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 ฿3.45 mean?
Triple i Logistics PCL (BKK:III) has a Cyclically Adjusted Book per Share of ฿3.45 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 Triple i Logistics PCL and its competitors.
Is Triple i Logistics PCL's Cyclically Adjusted Book per Share too high?
Triple i Logistics PCL's current Cyclically Adjusted Book per Share is ฿3.45. Overall, Triple i Logistics PCL has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Triple i Logistics PCL's Cyclically Adjusted Book per Share compare to UPS and FDX?
Triple i Logistics PCL's Cyclically Adjusted Book per Share of ฿3.45 can be compared against companies in the Transportation 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 Transportation company?
A good Cyclically Adjusted Book per Share depends on the Transportation 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 Triple i Logistics PCL and its competitors. Triple i Logistics PCL's current Cyclically Adjusted Book per Share is ฿3.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triple i Logistics PCL stock overvalued right now?
Based on GuruFocus' analysis, Triple i Logistics PCL (BKK:III) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿6.57, compared to a current price of ฿4.28 — trading 34.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is ฿3.45. Triple i Logistics PCL's overall GF Score™ is 75/100 with 5 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 Triple i Logistics PCL (BKK:III), the current Cyclically Adjusted Book per Share is ฿3.45 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 Triple i Logistics PCL (BKK:III) Overvalued in 2026?

Based on GuruFocus' analysis, Triple i Logistics PCL stock appears to be undervalued. The current stock price of ฿4.28 is trading 34.9% below its estimated GF Value™ of ฿6.57. GuruFocus considers Triple i Logistics PCL to be Significantly Undervalued.

Key valuation signals for BKK:III:

  • Cyclically Adjusted Book per Share: ฿3.45
  • GF Value™: ฿6.57 vs. price of ฿4.28 (34.9% below fair value)
  • GF Score™: 75/100 with 5 warning signs

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


Triple i Logistics PCL Business Description

Address Nonsee Road, 628, Triple i Building, 3rd Floor, Soi Klab Chom, Chongnonsee, Yannawa, Bangkok, THA, 10120
Triple i Logistics PCL is a logistics service provider in Thailand. The company's reportable segments include Air Freight, Logistics Management, and Logistics for Chemical and Hazardous Goods. The Air Freight segment operates as an air freight forwarder for both domestic and international routes and provides related airport warehouse management services. The Logistics Management segment provides integrated logistics services by air, inland, and sea for domestic and overseas transportation. The Logistics for Chemical and Hazardous Goods segment offers logistics solutions for sea, air, rail, and inland transport, including warehouse management and distribution services for chemical and hazardous materials. It generates the majority of its revenue from the Air Freight segment.
75GF Score

Get the complete analysis for BKK:III

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

฿4.28
Price
฿6.57
GF Value