Bangkok Bank PCL (FRA:BKKF) Cyclically Adjusted Book per Share: €7.70 (As of Mar. 2026)


FRA:BKKF Bangkok Bank PCL FRA:BKKF
47 GF Score
Price €4.90
GF Value €3.60
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Bangkok Bank PCL Cyclically Adjusted Book per Share?

Bangkok Bank PCL FRA:BKKF +6.52% 47 Cyclically Adjusted Book per Share is €7.70 as of Mar. 2026. GuruFocus rates FRA:BKKF with a GF Score™ of 47/100 and a GF Value™ of €3.60 (Significantly Overvalued). 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.

Bangkok Bank PCL's adjusted book value per share for the three months ended in Mar. 2026 was €8.117. 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 €7.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bangkok Bank PCL's average Cyclically Adjusted Book Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.70% 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 Bangkok Bank PCL was 9.70% per year. The lowest was 5.60% per year. And the median was 7.80% per year.

As of today (2026-07-11), Bangkok Bank PCL's current stock price is €4.90. Bangkok Bank PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €7.70. Bangkok Bank PCL's Cyclically Adjusted PB Ratio of today is 0.64.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bangkok Bank PCL was 1.34. The lowest was 0.49. And the median was 0.59.


Bangkok Bank PCL  (FRA:BKKF) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4.90/7.70
=0.64

* 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 Bangkok Bank PCL was 1.34. The lowest was 0.49. And the median was 0.59.


Be Aware

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


Bangkok Bank PCL Cyclically Adjusted Book per Share Related Terms


Bangkok Bank PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bangkok Bank 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.

Bangkok Bank PCL Cyclically Adjusted Book per Share Chart

Bangkok Bank 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 5.50 6.43 6.67 7.52 6.73

Bangkok Bank 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 7.35 7.37 7.57 6.73 7.70

Bangkok Bank PCL Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, Bangkok Bank 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.


Bangkok Bank PCL Cyclically Adjusted PB Ratio vs Banks Industry

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

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


FRA:BKKF
47GF Score
Bangkok Bank PCL FRA:BKKF
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bangkok Bank 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, Bangkok Bank 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)
=8.117/330.2130*330.2130
=8.117

Current CPI (Mar. 2026) = 330.2130.

Bangkok Bank PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.880 241.018 6.686
201609 4.987 241.428 6.821
201612 5.261 241.432 7.196
201703 5.420 243.801 7.341
201706 5.275 244.955 7.111
201709 5.213 246.819 6.974
201712 5.452 246.524 7.303
201803 5.511 249.554 7.292
201806 5.519 251.989 7.232
201809 5.575 252.439 7.293
201812 5.812 251.233 7.639
201903 6.213 254.202 8.071
201906 6.308 256.143 8.132
201909 6.696 256.759 8.612
201912 6.679 256.974 8.583
202003 6.128 258.115 7.840
202006 6.548 257.797 8.387
202009 6.231 260.280 7.905
202012 6.428 260.474 8.149
202103 6.576 264.877 8.198
202106 6.470 271.696 7.863
202109 6.550 274.310 7.885
202112 6.807 278.802 8.062
202203 7.121 287.504 8.179
202206 7.018 296.311 7.821
202209 7.281 296.808 8.100
202212 7.188 296.797 7.997
202303 7.315 301.836 8.003
202306 7.211 305.109 7.804
202309 7.224 307.789 7.750
202312 7.264 306.746 7.820
202403 7.448 312.332 7.874
202406 7.230 314.175 7.599
202409 7.790 315.301 8.158
202412 8.133 315.605 8.509
202503 8.082 319.799 8.345
202506 7.988 322.561 8.177
202509 8.163 324.800 8.299
202512 8.132 324.054 8.287
202603 8.117 330.213 8.117

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 €7.70 mean?
Bangkok Bank PCL (FRA:BKKF) has a Cyclically Adjusted Book per Share of €7.70 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 Bangkok Bank PCL and its competitors.
Is Bangkok Bank PCL's Cyclically Adjusted Book per Share too high?
Bangkok Bank PCL's current Cyclically Adjusted Book per Share is €7.70. Overall, Bangkok Bank PCL has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bangkok Bank PCL's Cyclically Adjusted Book per Share compare to competitors?
Bangkok Bank PCL's Cyclically Adjusted Book per Share of €7.70 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks 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 Bangkok Bank PCL and its competitors. Bangkok Bank PCL's current Cyclically Adjusted Book per Share is €7.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Bank PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Bank PCL (FRA:BKKF) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.60, compared to a current price of €4.90 — trading 36.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is €7.70. Bangkok Bank PCL's overall GF Score™ is 47/100 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 Bangkok Bank PCL (FRA:BKKF), the current Cyclically Adjusted Book per Share is €7.70 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 Bangkok Bank PCL (FRA:BKKF) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Bank PCL stock appears to be overvalued. The current stock price of €4.90 is trading 36.1% above its estimated GF Value™ of €3.60. GuruFocus considers Bangkok Bank PCL to be Significantly Overvalued.

Key valuation signals for FRA:BKKF:

  • Cyclically Adjusted Book per Share: €7.70
  • GF Value™: €3.60 vs. price of €4.90 (36.1% above fair value)
  • GF Score™: 47/100 with 5 warning signs

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


Bangkok Bank PCL Business Description

Address 333 Silom Road, Bangrak, Bangkok, THA, 10500
Bangkok Bank PCL is a Thai commercial bank with some international exposure. The bank's operaing segments are: Domestic banking, International banking, Investment banking, and Others. The majority of its revenue is generated from the Domestic banking segment, which provides financial services in domestic market. The main products and services offered under this segment are loans, deposits, trade finance, remittances and payments, electronic services, credit cards, debit cards and other related financial services. The International banking segment provides financial services through overseas branches and subsidiaries, and the Investment banking segment provides project services, corporate finance services, financial advisory services, securities business services, etc.
47GF Score

Get the complete analysis for FRA:BKKF

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

€4.90
Price
€3.60
GF Value