Thai Union Group PCL (FRA:THYG) Cyclically Adjusted Book per Share: €0.34 (As of Mar. 2026)


FRA:THYG Thai Union Group PCL FRA:THYG
74 GF Score
Price €0.29
GF Value €0.37
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Thai Union Group PCL Cyclically Adjusted Book per Share?

Thai Union Group PCL FRA:THYG -0.68% 74 Cyclically Adjusted Book per Share is €0.34 as of Mar. 2026. GuruFocus rates FRA:THYG with a GF Score™ of 74/100 and a GF Value™ of €0.37 (Modestly Undervalued). The stock has 6 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.

Thai Union Group PCL's adjusted book value per share for the three months ended in Mar. 2026 was €0.321. 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 €0.34 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Thai Union Group PCL's average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.30% 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 Thai Union Group PCL was 10.50% per year. The lowest was 4.40% per year. And the median was 7.65% per year.

As of today (2026-07-08), Thai Union Group PCL's current stock price is €0.294. Thai Union Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.34. Thai Union Group PCL's Cyclically Adjusted PB Ratio of today is 0.86.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Thai Union Group PCL was 2.85. The lowest was 0.68. And the median was 1.52.


Thai Union Group PCL  (FRA:THYG) 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.

Thai Union Group PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=0.294/0.34
=0.86

* 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 Thai Union Group PCL was 2.85. The lowest was 0.68. And the median was 1.52.


Be Aware

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


Thai Union Group PCL Cyclically Adjusted Book per Share Related Terms


Thai Union Group PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Thai Union Group 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.

Thai Union Group PCL Cyclically Adjusted Book per Share Chart

Thai Union Group 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 0.27 0.31 0.32 0.35 0.34

Thai Union Group 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 0.35 0.32 0.33 0.34 0.34

FRA:THYG vs KHC, GIS: Cyclically Adjusted Book per Share Comparison

For the Packaged Foods subindustry, Thai Union Group 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.


Thai Union Group PCL Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Union Group PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:THYG
74GF Score
Thai Union Group PCL FRA:THYG
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Union Group 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, Thai Union Group 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)
=0.321/330.2130*330.2130
=0.321

Current CPI (Mar. 2026) = 330.2130.

Thai Union Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.233 241.018 0.319
201609 0.228 241.428 0.312
201612 0.239 241.432 0.327
201703 0.245 243.801 0.332
201706 0.245 244.955 0.330
201709 0.236 246.819 0.316
201712 0.240 246.524 0.321
201803 0.242 249.554 0.320
201806 0.237 251.989 0.311
201809 0.234 252.439 0.306
201812 0.243 251.233 0.319
201903 0.253 254.202 0.329
201906 0.254 256.143 0.327
201909 0.260 256.759 0.334
201912 0.302 256.974 0.388
202003 0.290 258.115 0.371
202006 0.302 257.797 0.387
202009 0.295 260.280 0.374
202012 0.306 260.474 0.388
202103 0.314 264.877 0.391
202106 0.321 271.696 0.390
202109 0.314 274.310 0.378
202112 0.336 278.802 0.398
202203 0.362 287.504 0.416
202206 0.349 296.311 0.389
202209 0.356 296.808 0.396
202212 0.470 296.797 0.523
202303 0.473 301.836 0.517
202306 0.452 305.109 0.489
202309 0.442 307.789 0.474
202312 0.345 306.746 0.371
202403 0.333 312.332 0.352
202406 0.327 314.175 0.344
202409 0.351 315.301 0.368
202412 0.320 315.605 0.335
202503 0.323 319.799 0.334
202506 0.312 322.561 0.319
202509 0.308 324.800 0.313
202512 0.314 324.054 0.320
202603 0.321 330.213 0.321

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 €0.34 mean?
Thai Union Group PCL (FRA:THYG) has a Cyclically Adjusted Book per Share of €0.34 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 Thai Union Group PCL and its competitors.
Is Thai Union Group PCL's Cyclically Adjusted Book per Share too high?
Thai Union Group PCL's current Cyclically Adjusted Book per Share is €0.34. Overall, Thai Union Group PCL has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Union Group PCL's Cyclically Adjusted Book per Share compare to KHC and GIS?
Thai Union Group PCL's Cyclically Adjusted Book per Share of €0.34 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted Book per Share depends on the Consumer Packaged Goods 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 Thai Union Group PCL and its competitors. Thai Union Group PCL's current Cyclically Adjusted Book per Share is €0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Union Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Union Group PCL (FRA:THYG) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.37, compared to a current price of €0.29 — trading 20.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is €0.34. Thai Union Group PCL's overall GF Score™ is 74/100 with 6 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 Thai Union Group PCL (FRA:THYG), the current Cyclically Adjusted Book per Share is €0.34 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 Thai Union Group PCL (FRA:THYG) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Union Group PCL stock appears to be undervalued. The current stock price of €0.29 is trading 20.5% below its estimated GF Value™ of €0.37. GuruFocus considers Thai Union Group PCL to be Modestly Undervalued.

Key valuation signals for FRA:THYG:

  • Cyclically Adjusted Book per Share: €0.34
  • GF Value™: €0.37 vs. price of €0.29 (20.5% below fair value)
  • GF Score™: 74/100 with 6 warning signs

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


Thai Union Group PCL Business Description

Address 72/1 Moo 7, Sethakit 1 Road, Tarsrai Sub-district, Amphur Muang, Samutsakorn, Samut sakhon, THA, 74000
Thai Union Group PCL is a seafood-based food products company. The company sells its products locally in Thailand, as well as in North America and Europe. The business categories are ambient seafood (tuna, salmon, sardine, mackerel); frozen and chilled seafood and related products (shrimp, lobster, salmon); and pet food and value-added. In North America, Thai Union's portfolio contains tuna, salmon, and sardines, sold in different varieties under the Chicken of the Sea and Genova brands. In Europe, the company offers seafood and fish products under brands such as John West, Petit Navire, Parmentier, King Oscar, Mareblum, and Rugen Fisch. In Asia-Pacific, the local brands are Century, Sealect, Fisho, Bellotta, and Marvo. Majority of revenue is from USA.
74GF Score

Get the complete analysis for FRA:THYG

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

€0.29
Price
€0.37
GF Value