Ziga Innovation PCL (BKK:ZIGA) Cyclically Adjusted Book per Share: ฿1.57 (As of Mar. 2026)

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BKK:ZIGA Ziga Innovation PCL BKK:ZIGA
68 GF Score
Price ฿0.87
GF Value ฿1.21
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Ziga Innovation PCL Cyclically Adjusted Book per Share?

Ziga Innovation PCL BKK:ZIGA +1.16% 68 Cyclically Adjusted Book per Share is ฿1.57 as of Mar. 2026. GuruFocus rates BKK:ZIGA with a GF Score™ of 68/100 and a GF Value™ of ฿1.21 (Modestly Undervalued). The stock has 3 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.

Ziga Innovation PCL's adjusted book value per share for the three months ended in Mar. 2026 was ฿1.127. 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 (2026-08-03), Ziga Innovation PCL's current stock price is ฿0.87. Ziga Innovation PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿1.57. Ziga Innovation PCL's Cyclically Adjusted PB Ratio of today is 0.55.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Ziga Innovation PCL was 0.78. The lowest was 0.54. And the median was 0.57.


Ziga Innovation PCL  (BKK:ZIGA) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.87/1.57
=0.55

* 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 Ziga Innovation PCL was 0.78. The lowest was 0.54. And the median was 0.57.


Be Aware

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


Ziga Innovation PCL Cyclically Adjusted Book per Share Related Terms


Ziga Innovation PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Ziga Innovation 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.

Ziga Innovation PCL Cyclically Adjusted Book per Share Chart

Ziga Innovation 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 1.53

Ziga Innovation 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 1.51 1.53 1.57

BKK:ZIGA vs NUE, STLD, RS: Cyclically Adjusted Book per Share Comparison

For the Steel subindustry, Ziga Innovation 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.


Ziga Innovation PCL Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Ziga Innovation PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:ZIGA
68GF Score
Ziga Innovation PCL BKK:ZIGA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ziga Innovation 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, Ziga Innovation 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)
=1.127/330.2130*330.2130
=1.127

Current CPI (Mar. 2026) = 330.2130.

Ziga Innovation 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 0.606 241.432 0.829
201703 0.000 243.801 0.000
201706 0.668 244.955 0.901
201709 1.483 246.819 1.984
201712 1.504 246.524 2.015
201803 1.544 249.554 2.043
201806 1.424 251.989 1.866
201809 1.447 252.439 1.893
201812 1.456 251.233 1.914
201903 1.485 254.202 1.929
201906 1.438 256.143 1.854
201909 1.443 256.759 1.856
201912 1.448 256.974 1.861
202003 1.428 258.115 1.827
202006 1.490 257.797 1.909
202009 1.573 260.280 1.996
202012 1.650 260.474 2.092
202103 1.550 264.877 1.932
202106 1.651 271.696 2.007
202109 1.901 274.310 2.288
202112 1.624 278.802 1.923
202203 1.778 287.504 2.042
202206 1.530 296.311 1.705
202209 1.418 296.808 1.578
202212 1.005 296.797 1.118
202303 1.070 301.836 1.171
202306 1.034 305.109 1.119
202309 1.045 307.789 1.121
202312 1.061 306.746 1.142
202403 1.074 312.332 1.135
202406 1.083 314.175 1.138
202409 1.086 315.301 1.137
202412 1.096 315.605 1.147
202503 1.109 319.799 1.145
202506 1.117 322.561 1.143
202509 1.129 324.800 1.148
202512 1.120 324.054 1.141
202603 1.127 330.213 1.127

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?
Ziga Innovation PCL (BKK:ZIGA) 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 Ziga Innovation PCL and its competitors.
Is Ziga Innovation PCL's Cyclically Adjusted Book per Share too high?
Ziga Innovation PCL's current Cyclically Adjusted Book per Share is ฿1.57. Overall, Ziga Innovation PCL has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ziga Innovation PCL's Cyclically Adjusted Book per Share compare to NUE and STLD?
Ziga Innovation PCL's Cyclically Adjusted Book per Share of ฿1.57 can be compared against companies in the Steel 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 Steel company?
A good Cyclically Adjusted Book per Share depends on the Steel 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 Ziga Innovation PCL and its competitors. Ziga Innovation 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 Ziga Innovation PCL stock overvalued right now?
Based on GuruFocus' analysis, Ziga Innovation PCL (BKK:ZIGA) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.21, compared to a current price of ฿0.87 — trading 28.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is ฿1.57. Ziga Innovation PCL's overall GF Score™ is 68/100 with 3 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 Ziga Innovation PCL (BKK:ZIGA), 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 Ziga Innovation PCL (BKK:ZIGA) Overvalued in 2026?

Based on GuruFocus' analysis, Ziga Innovation PCL stock appears to be undervalued. The current stock price of ฿0.87 is trading 28.1% below its estimated GF Value™ of ฿1.21. GuruFocus considers Ziga Innovation PCL to be Modestly Undervalued.

Key valuation signals for BKK:ZIGA:

  • Cyclically Adjusted Book per Share: ฿1.57
  • GF Value™: ฿1.21 vs. price of ฿0.87 (28.1% below fair value)
  • GF Score™: 68/100 with 3 warning signs

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


Ziga Innovation PCL Business Description

Address 8 Moo 10, Naiklongbangplakod, Phasamudjedee, Samutprakarn, THA, 10290
Ziga Innovation PCL is a steel manufacturer. It is engaged in the manufacturing and trading of steel conduits for electrical wiring systems and steel piping for construction and real estate business. Its segment includes wholesale and retail. It derives majority of its revenues from the wholesale segment. The company operates in Thailand.
68GF Score

Get the complete analysis for BKK:ZIGA

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

฿0.87
Price
฿1.21
GF Value