A J Plast PCL (BKK:AJ) Cyclically Adjusted PB Ratio: 0.34 (As of Aug. 26, 2026) — 65% Below Median

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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:AJ A J Plast PCL BKK:AJ
47 GF Score
Price ฿3.60
GF Value ฿2.92
Valuation Modestly Overvalued
! 8 Warning Signs
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What is A J Plast PCL Cyclically Adjusted PB Ratio?

A J Plast PCL BKK:AJ -2.70% 47 Cyclically Adjusted PB Ratio is 0.34 as of Aug. 26, 2026, which is 65% below its 10-year median of 0.98. GuruFocus rates BKK:AJ with a GF Score™ of 47/100 and a GF Value™ of ฿2.92 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 277 Packaging & Containers companies, A J Plast PCL ranks better than 86.28% on this metric.

As of today (2026-08-26), A J Plast PCL's current share price is ฿3.60. A J Plast PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿10.73. A J Plast PCL's Cyclically Adjusted PB Ratio for today is 0.34.

The historical rank and industry rank for A J Plast PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:AJ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.98   Max: 2.8
Current: 0.34

During the past years, A J Plast PCL's highest Cyclically Adjusted PB Ratio was 2.80. The lowest was 0.14. And the median was 0.98.

BKK:AJ's Cyclically Adjusted PB Ratio is ranked better than
86.28% of 277 companies
in the Packaging & Containers industry
Industry Median: 1.17 vs BKK:AJ: 0.34

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.

A J Plast PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿6.433. 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 ฿10.73 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


A J Plast PCL  (BKK:AJ) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


A J Plast PCL Cyclically Adjusted PB Ratio Related Terms


A J Plast PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for A J Plast PCL's Cyclically Adjusted PB Ratio 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.

A J Plast PCL Cyclically Adjusted PB Ratio Chart

A J Plast PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.74 1.20 0.61 0.33 0.18

A J Plast 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 PB Ratio 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 0.21 0.22 0.18 0.29 0.27

BKK:AJ vs SW, PKG, IP: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, A J Plast 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.


A J Plast PCL Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, A J Plast PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:AJ
47GF Score
A J Plast PCL BKK:AJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

A J Plast PCL Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

A J Plast PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.60/10.73
=0.34

* 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.

A J Plast PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, A J Plast 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)
=6.433/333.9520*333.9520
=6.433

Current CPI (Jun. 2026) = 333.9520.

A J Plast PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.977 241.428 11.034
201612 8.234 241.432 11.389
201703 8.487 243.801 11.625
201706 8.503 244.955 11.592
201709 8.593 246.819 11.627
201712 8.783 246.524 11.898
201803 8.806 249.554 11.784
201806 8.481 251.989 11.240
201809 8.475 252.439 11.212
201812 8.529 251.233 11.337
201903 8.554 254.202 11.238
201906 8.581 256.143 11.188
201909 8.478 256.759 11.027
201912 8.995 256.974 11.690
202003 8.993 258.115 11.635
202006 9.441 257.797 12.230
202009 9.545 260.280 12.247
202012 10.642 260.474 13.644
202103 10.877 264.877 13.714
202106 10.863 271.696 13.352
202109 10.371 274.310 12.626
202112 10.811 278.802 12.950
202203 11.138 287.504 12.937
202206 11.191 296.311 12.613
202209 10.705 296.808 12.045
202212 10.274 296.797 11.560
202303 9.811 301.836 10.855
202306 9.574 305.109 10.479
202309 9.453 307.789 10.257
202312 9.437 306.746 10.274
202403 9.463 312.332 10.118
202406 8.364 314.175 8.891
202409 8.049 315.301 8.525
202412 7.256 315.605 7.678
202503 7.230 319.799 7.550
202506 6.904 322.561 7.148
202509 6.629 324.800 6.816
202512 6.341 324.054 6.535
202603 6.181 330.213 6.251
202606 6.433 333.952 6.433

Add all the adjusted book value per share together and divide the count will get our 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.

What does a Cyclically Adjusted PB Ratio of 0.34 mean?
A J Plast PCL (BKK:AJ) has a Cyclically Adjusted PB Ratio of 0.34 as of Aug. 26, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on A J Plast PCL and its competitors. This is 65% below median its historical median of 0.98. Over the past decade, A J Plast PCL's Cyclically Adjusted PB Ratio has ranged from 0.14 to 2.80. According to the industry distribution chart, A J Plast PCL ranks #38 out of 277 companies in the Packaging & Containers industry, placing it in the top 13.7%.
Is A J Plast PCL's Cyclically Adjusted PB Ratio too high?
A J Plast PCL's current Cyclically Adjusted PB Ratio of 0.34 is 65% below median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 2.80. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.17. A J Plast PCL's value of 0.34 is 70.9% below this industry median. Based on the distribution chart, A J Plast PCL ranks #38 out of 277 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, A J Plast PCL has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does A J Plast PCL's Cyclically Adjusted PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, A J Plast PCL ranks #38 out of 277 companies for Cyclically Adjusted PB Ratio. This places A J Plast PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.17. A J Plast PCL's value of 0.34 is 70.9% below this benchmark. Historically, A J Plast PCL's own Cyclically Adjusted PB Ratio has ranged from 0.14 to 2.80 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 1.17, A J Plast PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.17, based on 277 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. A J Plast PCL's current Cyclically Adjusted PB Ratio of 0.34 is 70.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on A J Plast PCL and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A J Plast PCL's current Cyclically Adjusted PB Ratio is 0.34, which is 65% below median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A J Plast PCL stock overvalued right now?
Based on GuruFocus' analysis, A J Plast PCL (BKK:AJ) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.92, compared to a current price of ฿3.60 — trading 23.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.34, which is 65% below median its 10-year median of 0.98 and 70.9% below the Packaging & Containers industry median of 1.17. A J Plast PCL's overall GF Score™ is 47/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For A J Plast PCL (BKK:AJ), the current Cyclically Adjusted PB Ratio is 0.34 as of Aug. 26, 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 A J Plast PCL (BKK:AJ) Overvalued in 2026?

Based on GuruFocus' analysis, A J Plast PCL stock appears to be overvalued. The current stock price of ฿3.60 is trading 23.3% above its estimated GF Value™ of ฿2.92. GuruFocus considers A J Plast PCL to be Modestly Overvalued.

Key valuation signals for BKK:AJ:

  • Cyclically Adjusted PB Ratio: 0.34 (65% below median its 10-year median of 0.98)
  • GF Value™: ฿2.92 vs. price of ฿3.60 (23.3% above fair value)
  • GF Score™: 47/100 with 8 warning signs
  • Industry Position: 70.9% below the Packaging & Containers median (#38 of 277)

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


A J Plast PCL Business Description

Other Exchanges AJ-R:Thailand
Address 95 Thakarm Road, Kwaeng Samaedam, Khet Bangkhuntien, Bangkok, THA, 10150
A J Plast PCL manufactures and sells plastic films, both locally and for export to foreign countries, scraps are sold both in local and abroad. Its products include BOPP Film Applications, BOPET Film Applications, BOPA Film Applications, CPP Film Applications, Metallized Film Applications, Earth Care Solutions, and High Performance Solutions. The company operates in one industrial segment that is packaging.
47GF Score

Get the complete analysis for BKK:AJ

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

฿3.60
Price
฿2.92
GF Value