CK Power PCL (BKK:CKP) Cyclically Adjusted PB Ratio: (As of Aug. 11, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.

BKK:CKP CK Power PCL BKK:CKP
84 GF Score
Price ฿2.50
GF Value ฿2.97
Valuation Modestly Undervalued
! 8 Warning Signs
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What is CK Power PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CK Power PCL  (BKK:CKP) 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.


CK Power PCL Cyclically Adjusted PB Ratio Related Terms


CK Power PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CK Power 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.

CK Power PCL Cyclically Adjusted PB Ratio Chart

CK Power 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 1.82 1.54 1.04 0.97 0.71

CK Power 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 0.66 0.80 0.71 0.67 0.00

BKK:CKP vs CEG, VST, NRG: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Independent Power Producers subindustry, CK Power 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.


CK Power PCL Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CK Power PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:CKP
84GF Score
CK Power PCL BKK:CKP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CK Power 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.

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

For example, CK Power 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)
=3.688/333.9520*333.9520
=3.688

Current CPI (Jun. 2026) = 333.9520.

CK Power PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.418 241.428 3.345
201612 2.408 241.432 3.331
201703 2.419 243.801 3.313
201706 2.361 244.955 3.219
201709 2.392 246.819 3.236
201712 2.408 246.524 3.262
201803 2.431 249.554 3.253
201806 2.417 251.989 3.203
201809 2.476 252.439 3.276
201812 2.488 251.233 3.307
201903 2.502 254.202 3.287
201906 2.984 256.143 3.890
201909 2.890 256.759 3.759
201912 2.897 256.974 3.765
202003 2.769 258.115 3.583
202006 2.785 257.797 3.608
202009 2.867 260.280 3.679
202012 2.925 260.474 3.750
202103 2.900 264.877 3.656
202106 2.929 271.696 3.600
202109 3.016 274.310 3.672
202112 3.055 278.802 3.659
202203 3.079 287.504 3.576
202206 3.044 296.311 3.431
202209 3.149 296.808 3.543
202212 3.266 296.797 3.675
202303 3.265 301.836 3.612
202306 3.133 305.109 3.429
202309 3.226 307.789 3.500
202312 3.354 306.746 3.651
202403 3.236 312.332 3.460
202406 3.150 314.175 3.348
202409 3.410 315.301 3.612
202412 3.451 315.605 3.652
202503 3.456 319.799 3.609
202506 3.481 322.561 3.604
202509 3.643 324.800 3.746
202512 3.765 324.054 3.880
202603 3.764 330.213 3.807
202606 3.688 333.952 3.688

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.

Is CK Power PCL (BKK:CKP) Overvalued in 2026?

Based on GuruFocus' analysis, CK Power PCL stock appears to be undervalued. The current stock price of ฿2.50 is trading 15.8% below its estimated GF Value™ of ฿2.97. GuruFocus considers CK Power PCL to be Modestly Undervalued.

Key valuation signals for BKK:CKP:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿2.97 vs. price of ฿2.50 (15.8% below fair value)
  • GF Score™: 84/100 with 8 warning signs

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


CK Power PCL Business Description

Address Sutthisarn Road, No. 587 Viriyathavorn Building, 19th Floor, Kwaeng Ratchadapisek, Khet Dindaeng, Bangkok, THA, 10400
CK Power PCL principally engaged in investment in companies, whose principal business operation is the generation of electricity for sales, and provision of consulting services and other services relating to electricity generating projects both locally and overseas. The company's business segments are: generation of electricity from hydroelectric power, generation of electricity from solar power, and generation of electricity from thermal power, and other segments. The majority of revenue is from generation of electricity from thermal power.
84GF Score

Get the complete analysis for BKK:CKP

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

฿2.50
Price
฿2.97
GF Value