Ptt PCL (BKK:PTT-R) Cyclically Adjusted Book per Share: ฿39.51 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:PTT-R Ptt PCL BKK:PTT-R
80 GF Score
Price ฿41.51
GF Value ฿30.72
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Ptt PCL Cyclically Adjusted Book per Share?

Ptt PCL BKK:PTT-R +0.28% 80 Cyclically Adjusted Book per Share is ฿39.51 as of Jun. 2026. GuruFocus rates BKK:PTT-R with a GF Score™ of 80/100 and a GF Value™ of ฿30.72 (Significantly Overvalued). The stock has 8 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.

Ptt PCL's adjusted book value per share for the three months ended in Jun. 2026 was ฿42.161. 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 ฿39.51 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Ptt PCL's average Cyclically Adjusted Book Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.20% 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 Ptt PCL was 9.10% per year. The lowest was 5.10% per year. And the median was 7.15% per year.

As of today (2026-09-09), Ptt PCL's current stock price is ฿41.51118. Ptt PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿39.51. Ptt PCL's Cyclically Adjusted PB Ratio of today is 1.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ptt PCL was 2.52. The lowest was 0.77. And the median was 1.19.


Ptt PCL  (BKK:PTT-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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=41.51118/39.51
=1.05

* 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 Ptt PCL was 2.52. The lowest was 0.77. And the median was 1.19.


Be Aware

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


Ptt PCL Cyclically Adjusted Book per Share Related Terms


Ptt PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Ptt 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.

Ptt PCL Cyclically Adjusted Book per Share Chart

Ptt 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 30.88 33.22 34.53 37.22 37.82

Ptt 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 41.92 39.44 37.82 39.47 39.51

BKK:PTT-R vs XOM, CVX: Cyclically Adjusted Book per Share Comparison

For the Oil & Gas Integrated subindustry, Ptt 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.


Ptt PCL Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ptt PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:PTT-R
80GF Score
Ptt PCL BKK:PTT-R
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ptt 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, Ptt 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)
=42.161/333.9520*333.9520
=42.161

Current CPI (Jun. 2026) = 333.9520.

Ptt PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.821 241.428 35.717
201612 26.711 241.432 36.947
201703 27.899 243.801 38.215
201706 27.846 244.955 37.963
201709 27.687 246.819 37.461
201712 28.637 246.524 38.793
201803 29.442 249.554 39.399
201806 29.920 251.989 39.652
201809 29.936 252.439 39.602
201812 30.610 251.233 40.688
201903 31.438 254.202 41.301
201906 30.561 256.143 39.845
201909 30.310 256.759 39.423
201912 30.760 256.974 39.974
202003 30.346 258.115 39.262
202006 30.205 257.797 39.128
202009 30.726 260.280 39.423
202012 30.881 260.474 39.592
202103 33.391 264.877 42.099
202106 33.940 271.696 41.717
202109 34.262 274.310 41.711
202112 35.245 278.802 42.217
202203 36.032 287.504 41.853
202206 37.608 296.311 42.385
202209 37.639 296.808 42.349
202212 36.852 296.797 41.465
202303 37.666 301.836 41.674
202306 38.417 305.109 42.049
202309 39.343 307.789 42.687
202312 39.254 306.746 42.736
202403 41.218 312.332 44.071
202406 41.417 314.175 44.024
202409 39.181 315.301 41.499
202412 40.250 315.605 42.590
202503 41.057 319.799 42.874
202506 39.939 322.561 41.349
202509 39.610 324.800 40.726
202512 39.804 324.054 41.020
202603 41.459 330.213 41.928
202606 42.161 333.952 42.161

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 ฿39.51 mean?
Ptt PCL (BKK:PTT-R) has a Cyclically Adjusted Book per Share of ฿39.51 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 Ptt PCL and its competitors.
Is Ptt PCL's Cyclically Adjusted Book per Share too high?
Ptt PCL's current Cyclically Adjusted Book per Share is ฿39.51. Overall, Ptt PCL has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ptt PCL's Cyclically Adjusted Book per Share compare to XOM and CVX?
Ptt PCL's Cyclically Adjusted Book per Share of ฿39.51 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Cyclically Adjusted Book per Share depends on the Oil & Gas 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 Ptt PCL and its competitors. Ptt PCL's current Cyclically Adjusted Book per Share is ฿39.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ptt PCL stock overvalued right now?
Based on GuruFocus' analysis, Ptt PCL (BKK:PTT-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿30.72, compared to a current price of ฿41.51 — trading 35.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is ฿39.51. Ptt PCL's overall GF Score™ is 80/100 with 8 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 Ptt PCL (BKK:PTT-R), the current Cyclically Adjusted Book per Share is ฿39.51 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 Ptt PCL (BKK:PTT-R) Overvalued in 2026?

Based on GuruFocus' analysis, Ptt PCL stock appears to be overvalued. The current stock price of ฿41.51 is trading 35.1% above its estimated GF Value™ of ฿30.72. GuruFocus considers Ptt PCL to be Significantly Overvalued.

Key valuation signals for BKK:PTT-R:

  • Cyclically Adjusted Book per Share: ฿39.51
  • GF Value™: ฿30.72 vs. price of ฿41.51 (35.1% above fair value)
  • GF Score™: 80/100 with 8 warning signs

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


Ptt PCL Business Description

Industry EnergyOil & Gas
Address 555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok, THA, 10900
Ptt PCL is an integrated national petroleum and petrochemical company based out of Thailand. The Group is organized into business groups based on types of products and services. The segments of the Group are Upstream petroleum and Natural gas business group which is further divided into Petroleum exploration and production business and Natural gas business. Downstream petroleum business group is divided into Oil and retail business; International trading business and Petrochemical and Refining business. New business and sustainability group includes emphasis on decarbonization to achieve the Net Zero Emission.
80GF Score

Get the complete analysis for BKK:PTT-R

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

฿41.51
Price
฿30.72
GF Value