Navakij Insurance PCL (BKK:NKI) Cyclically Adjusted Book per Share: ฿66.18 (As of Jun. 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:NKI Navakij Insurance PCL BKK:NKI
51 GF Score
Price ฿19.90
GF Value ฿16.97
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Navakij Insurance PCL Cyclically Adjusted Book per Share?

Navakij Insurance PCL BKK:NKI 51 Cyclically Adjusted Book per Share is ฿66.18 as of Jun. 2026. GuruFocus rates BKK:NKI with a GF Score™ of 51/100 and a GF Value™ of ฿16.97 (Modestly Overvalued). 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.

Navakij Insurance PCL's adjusted book value per share for the three months ended in Jun. 2026 was ฿39.836. 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 ฿66.18 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Navakij Insurance PCL's average Cyclically Adjusted Book Growth Rate was -1.60% 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 1.70% 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 Navakij Insurance PCL was 3.70% per year. The lowest was -0.70% per year. And the median was 1.80% per year.

As of today (2026-09-06), Navakij Insurance PCL's current stock price is ฿19.90. Navakij Insurance PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿66.18. Navakij Insurance PCL's Cyclically Adjusted PB Ratio of today is 0.30.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Navakij Insurance PCL was 0.98. The lowest was 0.17. And the median was 0.65.


Navakij Insurance PCL  (BKK:NKI) 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.

Navakij Insurance PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.90/66.18
=0.30

* 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 Navakij Insurance PCL was 0.98. The lowest was 0.17. And the median was 0.65.


Be Aware

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


Navakij Insurance PCL Cyclically Adjusted Book per Share Related Terms


Navakij Insurance PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Navakij Insurance 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.

Navakij Insurance PCL Cyclically Adjusted Book per Share Chart

Navakij Insurance 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 64.11 67.37 67.83 67.49 66.01

Navakij Insurance PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 67.29 67.00 66.01 66.34 66.18

BKK:NKI vs CB, PGR, TRV: Cyclically Adjusted Book per Share Comparison

For the Insurance - Property & Casualty subindustry, Navakij Insurance 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.


Navakij Insurance PCL Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Navakij Insurance PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:NKI
51GF Score
Navakij Insurance PCL BKK:NKI
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Navakij Insurance 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, Navakij Insurance PCL's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=39.836/333.9520*333.9520
=39.836

Current CPI (Jun. 2026) = 333.9520.

Navakij Insurance PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 54.348 241.428 75.176
201612 55.158 241.432 76.295
201703 57.147 243.801 78.278
201706 56.667 244.955 77.255
201709 58.015 246.819 78.496
201712 57.169 246.524 77.444
201803 59.099 249.554 79.086
201806 55.391 251.989 73.408
201809 57.315 252.439 75.822
201812 55.452 251.233 73.710
201903 57.629 254.202 75.709
201906 55.932 256.143 72.923
201909 55.275 256.759 71.893
201912 54.381 256.974 70.671
202003 50.523 258.115 65.367
202006 53.634 257.797 69.478
202009 54.020 260.280 69.310
202012 55.120 260.474 70.669
202103 57.020 264.877 71.890
202106 58.013 271.696 71.306
202109 57.267 274.310 69.718
202112 59.165 278.802 70.868
202203 58.892 287.504 68.406
202206 56.124 296.311 63.254
202209 56.144 296.808 63.170
202212 55.713 296.797 62.688
202303 57.530 301.836 63.651
202306 58.292 305.109 63.803
202309 58.071 307.789 63.007
202312 63.497 306.746 69.129
202403 56.828 312.332 60.762
202406 53.890 314.175 57.282
202409 53.348 315.301 56.504
202412 58.448 315.605 61.846
202503 48.906 319.799 51.070
202506 46.578 322.561 48.223
202509 48.385 324.800 49.748
202512 43.628 324.054 44.961
202603 44.505 330.213 45.009
202606 39.836 333.952 39.836

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 ฿66.18 mean?
Navakij Insurance PCL (BKK:NKI) has a Cyclically Adjusted Book per Share of ฿66.18 as of Jun. 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 Navakij Insurance PCL and its competitors.
Is Navakij Insurance PCL's Cyclically Adjusted Book per Share too high?
Navakij Insurance PCL's current Cyclically Adjusted Book per Share is ฿66.18. Overall, Navakij Insurance PCL has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Navakij Insurance PCL's Cyclically Adjusted Book per Share compare to CB and PGR?
Navakij Insurance PCL's Cyclically Adjusted Book per Share of ฿66.18 can be compared against companies in the Insurance 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 Insurance company?
A good Cyclically Adjusted Book per Share depends on the Insurance 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 Navakij Insurance PCL and its competitors. Navakij Insurance PCL's current Cyclically Adjusted Book per Share is ฿66.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Navakij Insurance PCL stock overvalued right now?
Based on GuruFocus' analysis, Navakij Insurance PCL (BKK:NKI) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿16.97, compared to a current price of ฿19.90 — trading 17.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is ฿66.18. Navakij Insurance PCL's overall GF Score™ is 51/100 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 Navakij Insurance PCL (BKK:NKI), the current Cyclically Adjusted Book per Share is ฿66.18 as of Jun. 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 Navakij Insurance PCL (BKK:NKI) Overvalued in 2026?

Based on GuruFocus' analysis, Navakij Insurance PCL stock appears to be overvalued. The current stock price of ฿19.90 is trading 17.3% above its estimated GF Value™ of ฿16.97. GuruFocus considers Navakij Insurance PCL to be Modestly Overvalued.

Key valuation signals for BKK:NKI:

  • Cyclically Adjusted Book per Share: ฿66.18
  • GF Value™: ฿16.97 vs. price of ฿19.90 (17.3% above fair value)
  • GF Score™: 51/100 with 4 warning signs

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


Navakij Insurance PCL Business Description

Address 100/47-55, and 90/3-6, North Sathorn Road, Sathorn Nakhon Building, 26th Floor, Silom, Bangrak, Bangkok, THA, 10500
Navakij Insurance PCL is engaged in the provision of non-life insurance. The different kinds of insurance offered by the company include Motor Insurance, Fire Insurance, Marine and Transportation Insurance, and miscellaneous Insurance. The company operates its business in Thailand only.
51GF Score

Get the complete analysis for BKK:NKI

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

฿19.90
Price
฿16.97
GF Value