Ananda Development PCL (BKK:ANAN-R) Cyclically Adjusted PB Ratio: 0.07 (As of Sep. 01, 2026) — 63% Below Median

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BKK:ANAN-R Ananda Development PCL BKK:ANAN-R
35 GF Score
Price ฿0.32
GF Value ฿0.70
Valuation Possible Value Trap
! 5 Warning Signs
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What is Ananda Development PCL Cyclically Adjusted PB Ratio?

Ananda Development PCL BKK:ANAN-R 35 Cyclically Adjusted PB Ratio is 0.07 as of Sep. 01, 2026, which is 63% below its 10-year median of 0.19. GuruFocus rates BKK:ANAN-R with a GF Score™ of 35/100 and a GF Value™ of ฿0.70 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,301 Real Estate companies, Ananda Development PCL ranks better than 92.31% on this metric.

As of today (2026-09-01), Ananda Development PCL's current share price is ฿0.32. Ananda Development PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿4.91. Ananda Development PCL's Cyclically Adjusted PB Ratio for today is 0.07.

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

BKK:ANAN-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.19   Max: 0.76
Current: 0.07

During the past years, Ananda Development PCL's highest Cyclically Adjusted PB Ratio was 0.76. The lowest was 0.07. And the median was 0.19.

BKK:ANAN-R's Cyclically Adjusted PB Ratio is ranked better than
92.31% of 1301 companies
in the Real Estate industry
Industry Median: 0.67 vs BKK:ANAN-R: 0.07

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.

Ananda Development PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿2.615. 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 ฿4.91 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ananda Development PCL  (BKK:ANAN-R) 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.


Ananda Development PCL Cyclically Adjusted PB Ratio Related Terms


Ananda Development PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ananda Development 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.

Ananda Development PCL Cyclically Adjusted PB Ratio Chart

Ananda Development 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 0.45 0.36 0.18 0.14 0.09

Ananda Development 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 0.08 0.11 0.09 0.08 0.07

Ananda Development PCL Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, Ananda Development 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.


Ananda Development PCL Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ananda Development PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:ANAN-R
35GF Score
Ananda Development PCL BKK:ANAN-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ananda Development 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.

Ananda Development PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.32/4.91
=0.07

* 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.

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

For example, Ananda Development 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)
=2.615/333.9520*333.9520
=2.615

Current CPI (Jun. 2026) = 333.9520.

Ananda Development PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.965 241.428 4.101
201612 3.222 241.432 4.457
201703 3.551 243.801 4.864
201706 3.535 244.955 4.819
201709 3.502 246.819 4.738
201712 3.714 246.524 5.031
201803 3.742 249.554 5.008
201806 3.835 251.989 5.082
201809 4.443 252.439 5.878
201812 4.781 251.233 6.355
201903 5.178 254.202 6.802
201906 5.039 256.143 6.570
201909 4.986 256.759 6.485
201912 4.984 256.974 6.477
202003 4.950 258.115 6.404
202006 4.724 257.797 6.120
202009 4.773 260.280 6.124
202012 4.731 260.474 6.066
202103 4.699 264.877 5.924
202106 4.683 271.696 5.756
202109 4.579 274.310 5.575
202112 3.880 278.802 4.648
202203 3.547 287.504 4.120
202206 3.529 296.311 3.977
202209 3.512 296.808 3.952
202212 3.498 296.797 3.936
202303 2.990 301.836 3.308
202306 2.951 305.109 3.230
202309 2.804 307.789 3.042
202312 2.808 306.746 3.057
202403 2.773 312.332 2.965
202406 2.739 314.175 2.911
202409 2.719 315.301 2.880
202412 2.776 315.605 2.937
202503 2.627 319.799 2.743
202506 2.752 322.561 2.849
202509 2.766 324.800 2.844
202512 2.720 324.054 2.803
202603 2.685 330.213 2.715
202606 2.615 333.952 2.615

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 0.07 mean?
Ananda Development PCL (BKK:ANAN-R) has a Cyclically Adjusted PB Ratio of 0.07 as of Sep. 01, 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 Ananda Development PCL and its competitors. This is 63% below median its historical median of 0.19. Over the past decade, Ananda Development PCL's Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.76. According to the industry distribution chart, Ananda Development PCL ranks #100 out of 1301 companies in the Real Estate industry, placing it in the top 7.7%.
Is Ananda Development PCL's Cyclically Adjusted PB Ratio too high?
Ananda Development PCL's current Cyclically Adjusted PB Ratio of 0.07 is 63% below median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.76. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. Ananda Development PCL's value of 0.07 is 89.6% below this industry median. Based on the distribution chart, Ananda Development PCL ranks #100 out of 1301 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Ananda Development PCL has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ananda Development PCL's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Ananda Development PCL ranks #100 out of 1301 companies for Cyclically Adjusted PB Ratio. This places Ananda Development PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.67. Ananda Development PCL's value of 0.07 is 89.6% below this benchmark. Historically, Ananda Development PCL's own Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.76 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.67, Ananda Development 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.67, based on 1,301 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. Ananda Development PCL's current Cyclically Adjusted PB Ratio of 0.07 is 89.6% 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 Ananda Development PCL and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ananda Development PCL's current Cyclically Adjusted PB Ratio is 0.07, which is 63% below median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ananda Development PCL stock overvalued right now?
Based on GuruFocus' analysis, Ananda Development PCL (BKK:ANAN-R) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.70, compared to a current price of ฿0.32 — trading 54.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.07, which is 63% below median its 10-year median of 0.19 and 89.6% below the Real Estate industry median of 0.67. Ananda Development PCL's overall GF Score™ is 35/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ananda Development PCL (BKK:ANAN-R), the current Cyclically Adjusted PB Ratio is 0.07 as of Sep. 01, 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 Ananda Development PCL (BKK:ANAN-R) Overvalued in 2026?

Based on GuruFocus' analysis, Ananda Development PCL stock appears to be undervalued. The current stock price of ฿0.32 is trading 54.3% below its estimated GF Value™ of ฿0.70. GuruFocus considers Ananda Development PCL to be Possible Value Trap.

Key valuation signals for BKK:ANAN-R:

  • Cyclically Adjusted PB Ratio: 0.07 (63% below median its 10-year median of 0.19)
  • GF Value™: ฿0.70 vs. price of ฿0.32 (54.3% below fair value)
  • GF Score™: 35/100 with 5 warning signs
  • Industry Position: 89.6% below the Real Estate median (#100 of 1301)

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


Ananda Development PCL Business Description

Other Exchanges ANAN:Thailand
Address Bangna-Trad (Km.10.5) Road, No. 99/1 Moo 14, Soi Windmill Housing Estate, Bangpleeyai, Bangplee, Samutprakarn, THA, 10540
Ananda Development PCL is engaged in developing and selling real estate, providing house construction services, and managing real estate development projects. Along with its subsidiaries, the company's reportable segments are as follows: the Real estate development segment, which develops all types of real estate projects; the Management of real estate development projects segment, which provides management services for real estate projects; the Service apartments segment; and Other segments, which include services relating to real estate brokerage, among other things. A majority of its revenue is generated from the Real estate segment. Geographically, the company mainly operates in Thailand.
35GF Score

Get the complete analysis for BKK:ANAN-R

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

฿0.32
Price
฿0.70
GF Value