CI Group PCL (BKK:CIG) Cyclically Adjusted PB Ratio: 0.05 (As of Aug. 07, 2026) — 81% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

What is CI Group PCL Cyclically Adjusted PB Ratio?

CI Group PCL BKK:CIG Cyclically Adjusted PB Ratio is 0.05 as of Aug. 07, 2026, which is 81% below its 10-year median of 0.26. The stock has 4 warning signs investors should review. Among 2,252 Industrial Products companies, CI Group PCL ranks better than 99.29% on this metric.

As of today (2026-08-07), CI Group PCL's current share price is ฿0.03. CI Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿0.61. CI Group PCL's Cyclically Adjusted PB Ratio for today is 0.05.

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

BKK:CIG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.26   Max: 1.05
Current: 0.05

During the past years, CI Group PCL's highest Cyclically Adjusted PB Ratio was 1.05. The lowest was 0.03. And the median was 0.26.

BKK:CIG's Cyclically Adjusted PB Ratio is ranked better than
99.29% of 2252 companies
in the Industrial Products industry
Industry Median: 2.07 vs BKK:CIG: 0.05

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.

CI Group PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿0.078. 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 ฿0.61 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CI Group PCL  (BKK:CIG) 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.


CI Group PCL Cyclically Adjusted PB Ratio Related Terms


CI Group PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CI Group 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.

CI Group PCL Cyclically Adjusted PB Ratio Chart

CI Group 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 0.93 0.60 0.15 0.06 0.05

CI 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 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 0.06 0.03 0.06 0.05 0.05

BKK:CIG vs VRT, BE, HUBB: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, CI 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.


CI Group PCL Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, CI Group PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



CI Group 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.

CI Group PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.03/0.61
=0.05

* 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.

CI Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, CI 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)
=0.078/330.2130*330.2130
=0.078

Current CPI (Mar. 2026) = 330.2130.

CI Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.902 241.018 1.236
201609 0.907 241.428 1.241
201612 0.912 241.432 1.247
201703 0.905 243.801 1.226
201706 0.893 244.955 1.204
201709 0.895 246.819 1.197
201712 0.869 246.524 1.164
201803 0.870 249.554 1.151
201806 0.863 251.989 1.131
201809 0.867 252.439 1.134
201812 0.808 251.233 1.062
201903 0.813 254.202 1.056
201906 0.732 256.143 0.944
201909 0.778 256.759 1.001
201912 0.570 256.974 0.732
202003 0.510 258.115 0.652
202006 0.483 257.797 0.619
202009 0.445 260.280 0.565
202012 0.419 260.474 0.531
202103 0.380 264.877 0.474
202106 0.372 271.696 0.452
202109 0.313 274.310 0.377
202112 0.272 278.802 0.322
202203 0.260 287.504 0.299
202206 0.229 296.311 0.255
202209 0.195 296.808 0.217
202212 0.130 296.797 0.145
202303 0.305 301.836 0.334
202306 0.391 305.109 0.423
202309 0.379 307.789 0.407
202312 0.305 306.746 0.328
202403 0.259 312.332 0.274
202406 0.213 314.175 0.224
202409 0.206 315.301 0.216
202412 0.124 315.605 0.130
202503 0.111 319.799 0.115
202506 0.102 322.561 0.104
202509 0.094 324.800 0.096
202512 0.079 324.054 0.081
202603 0.078 330.213 0.078

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 0.05 mean?
CI Group PCL (BKK:CIG) has a Cyclically Adjusted PB Ratio of 0.05 as of Aug. 07, 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 CI Group PCL and its competitors. This is 81% below median its historical median of 0.26. Over the past decade, CI Group PCL's Cyclically Adjusted PB Ratio has ranged from 0.03 to 1.05. According to the industry distribution chart, CI Group PCL ranks #16 out of 2252 companies in the Industrial Products industry, placing it in the top 0.7%.
Is CI Group PCL's Cyclically Adjusted PB Ratio too high?
CI Group PCL's current Cyclically Adjusted PB Ratio of 0.05 is 81% below median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 1.05. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. CI Group PCL's value of 0.05 is 97.6% below this industry median. Based on the distribution chart, CI Group PCL ranks #16 out of 2252 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers.
How does CI Group PCL's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, CI Group PCL ranks #16 out of 2252 companies for Cyclically Adjusted PB Ratio. This places CI Group PCL in the top 1% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.07. CI Group PCL's value of 0.05 is 97.6% below this benchmark. Historically, CI Group PCL's own Cyclically Adjusted PB Ratio has ranged from 0.03 to 1.05 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 2.07, CI Group 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.07, based on 2,252 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. CI Group PCL's current Cyclically Adjusted PB Ratio of 0.05 is 97.6% 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 CI Group PCL and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CI Group PCL's current Cyclically Adjusted PB Ratio is 0.05, which is 81% below median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CI Group PCL stock overvalued right now?
Based on GuruFocus' analysis, CI Group PCL (BKK:CIG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.04, compared to a current price of ฿0.03 — trading 25% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.05, which is 81% below median its 10-year median of 0.26 and 97.6% below the Industrial Products industry median of 2.07. 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 CI Group PCL (BKK:CIG), the current Cyclically Adjusted PB Ratio is 0.05 as of Aug. 07, 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.

CI Group PCL Business Description

Address Bangkoowad Road, 1/1, Moo 7, Tambol Bangkoowad, Amphor Muang, Pathumthani, THA, 12000
CI Group PCL is a Thailand-based company engaged in the manufacturing and distribution of air-conditioning and refrigeration units and parts. The company also provides maintenance and inspection services, as well as construction services related to its business operations. The group operates in three segments: Sale and service of air-conditioning products and parts, Construction services, and Other. The Sale and service of air-conditioning products and parts segment generates the majority of the company's revenue.