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Chiangmai Frozen Foods PCL (BKK:CM) Cyclically Adjusted PB Ratio : 0.39 (As of May. 20, 2025)


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What is Chiangmai Frozen Foods PCL Cyclically Adjusted PB Ratio?

As of today (2025-05-20), Chiangmai Frozen Foods PCL's current share price is ฿1.63. Chiangmai Frozen Foods PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was ฿4.22. Chiangmai Frozen Foods PCL's Cyclically Adjusted PB Ratio for today is 0.39.

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

BKK:CM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.38   Med: 0.71   Max: 1.33
Current: 0.4

During the past years, Chiangmai Frozen Foods PCL's highest Cyclically Adjusted PB Ratio was 1.33. The lowest was 0.38. And the median was 0.71.

BKK:CM's Cyclically Adjusted PB Ratio is ranked better than
87.02% of 1256 companies
in the Consumer Packaged Goods industry
Industry Median: 1.32 vs BKK:CM: 0.40

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.

Chiangmai Frozen Foods PCL's adjusted book value per share data for the three months ended in Dec. 2024 was ฿3.595. 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 ฿4.22 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chiangmai Frozen Foods PCL Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Chiangmai Frozen Foods 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.

* Premium members only.

Chiangmai Frozen Foods PCL Cyclically Adjusted PB Ratio Chart

Chiangmai Frozen Foods PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.71 0.62 0.52 0.46

Chiangmai Frozen Foods PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.52 0.55 0.51 0.52 0.46

Competitive Comparison of Chiangmai Frozen Foods PCL's Cyclically Adjusted PB Ratio

For the Packaged Foods subindustry, Chiangmai Frozen Foods 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.


Chiangmai Frozen Foods PCL's Cyclically Adjusted PB Ratio Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Chiangmai Frozen Foods PCL's Cyclically Adjusted PB Ratio falls into.


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Chiangmai Frozen Foods 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.

Chiangmai Frozen Foods PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.63/4.22
=0.39

* 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.

Chiangmai Frozen Foods PCL's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Chiangmai Frozen Foods PCL's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book=Book Value per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=3.595/133.1571*133.1571
=3.595

Current CPI (Dec. 2024) = 133.1571.

Chiangmai Frozen Foods PCL Quarterly Data

Book Value per Share CPI Adj_Book
201412 3.325 99.070 4.469
201503 3.331 99.621 4.452
201506 3.361 100.684 4.445
201509 3.518 100.392 4.666
201512 3.539 99.792 4.722
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 3.854 101.863 5.038
201703 0.000 102.862 0.000
201706 3.777 103.349 4.866
201709 3.765 104.136 4.814
201712 3.788 104.011 4.849
201803 3.845 105.290 4.863
201806 3.744 106.317 4.689
201809 3.817 106.507 4.772
201812 3.738 105.998 4.696
201903 3.713 107.251 4.610
201906 3.620 108.070 4.460
201909 3.692 108.329 4.538
201912 3.699 108.420 4.543
202003 3.588 108.902 4.387
202006 3.673 108.767 4.497
202009 3.631 109.815 4.403
202012 3.597 109.897 4.358
202103 3.546 111.754 4.225
202106 3.516 114.631 4.084
202109 3.437 115.734 3.954
202112 3.361 117.630 3.805
202203 3.378 121.301 3.708
202206 3.360 125.017 3.579
202209 3.282 125.227 3.490
202212 3.336 125.222 3.547
202303 3.326 127.348 3.478
202306 3.309 128.729 3.423
202309 3.446 129.860 3.534
202312 3.575 129.419 3.678
202403 3.565 131.776 3.602
202406 3.595 132.554 3.611
202409 3.688 133.029 3.692
202412 3.595 133.157 3.595

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.


Chiangmai Frozen Foods PCL  (BKK:CM) 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.


Chiangmai Frozen Foods PCL Cyclically Adjusted PB Ratio Related Terms

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Chiangmai Frozen Foods PCL Business Description

Traded in Other Exchanges
Address
Surawongse road, 149/34, Floor 3rd-4th, Soi Anglo Plaza, Surawongse, Bangrak, Bangkok, THA, 10500
Chiangmai Frozen Foods PCL is a Thailand-based company. It is engaged in the business of manufacturing and exporting frozen vegetables. Its product line consists of Soybeans, Green beans, Sweet corn, Baby corn, and Mixed vegetables. Geographically, the company sells its products in Thailand and also exports it to other countries, of which key revenue is generated from the export sales.