Chememan PCL (BKK:CMAN) Cyclically Adjusted PB Ratio: 1.01 (As of Sep. 07, 2026) — Near 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.

BKK:CMAN Chememan PCL BKK:CMAN
57 GF Score
Price ฿2.76
! 2 Warning Signs
View Full Analysis

What is Chememan PCL Cyclically Adjusted PB Ratio?

Chememan PCL BKK:CMAN +0.73% 57 Cyclically Adjusted PB Ratio is 1.01 as of Sep. 07, 2026, which is 4% below its 10-year median of 1.05. GuruFocus rates BKK:CMAN with a GF Score™ of 57/100. The stock has 2 warning signs investors should review. Among 1,096 Chemicals companies, Chememan PCL ranks better than 69.53% on this metric.

As of today (2026-09-07), Chememan PCL's current share price is ฿2.76. Chememan PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿2.73. Chememan PCL's Cyclically Adjusted PB Ratio for today is 1.01.

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

BKK:CMAN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1   Med: 1.05   Max: 1.13
Current: 1

During the past years, Chememan PCL's highest Cyclically Adjusted PB Ratio was 1.13. The lowest was 1.00. And the median was 1.05.

BKK:CMAN's Cyclically Adjusted PB Ratio is ranked better than
69.53% of 1096 companies
in the Chemicals industry
Industry Median: 1.69 vs BKK:CMAN: 1.00

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.

Chememan PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿2.975. 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 ฿2.73 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chememan PCL  (BKK:CMAN) 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.


Chememan PCL Cyclically Adjusted PB Ratio Related Terms


Chememan PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chememan 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.

Chememan PCL Cyclically Adjusted PB Ratio Chart

Chememan 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 0.00 0.00 0.00 0.00 0.00

Chememan 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 0.00 0.00 0.00 0.00 1.03

BKK:CMAN vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Chememan 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.


Chememan PCL Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chememan PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:CMAN
57GF Score
Chememan PCL BKK:CMAN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chememan 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.76/2.73
=1.01

* 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.

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

For example, Chememan 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)
=2.975/333.9520*333.9520
=2.975

Current CPI (Jun. 2026) = 333.9520.

Chememan PCL Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.949 236.525 1.340
201612 1.108 241.432 1.533
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 1.268 246.524 1.718
201803 2.239 249.554 2.996
201806 2.302 251.989 3.051
201809 2.261 252.439 2.991
201812 2.312 251.233 3.073
201903 2.344 254.202 3.079
201906 2.276 256.143 2.967
201909 2.225 256.759 2.894
201912 2.215 256.974 2.879
202003 2.273 258.115 2.941
202006 2.197 257.797 2.846
202009 2.193 260.280 2.814
202012 2.078 260.474 2.664
202103 2.152 264.877 2.713
202106 2.230 271.696 2.741
202109 2.271 274.310 2.765
202112 2.281 278.802 2.732
202203 2.330 287.504 2.706
202206 2.354 296.311 2.653
202209 2.427 296.808 2.731
202212 2.369 296.797 2.666
202303 2.460 301.836 2.722
202306 2.507 305.109 2.744
202309 2.519 307.789 2.733
202312 2.465 306.746 2.684
202403 2.689 312.332 2.875
202406 2.709 314.175 2.880
202409 2.538 315.301 2.688
202412 2.612 315.605 2.764
202503 2.747 319.799 2.869
202506 2.725 322.561 2.821
202509 2.745 324.800 2.822
202512 2.804 324.054 2.890
202603 3.014 330.213 3.048
202606 2.975 333.952 2.975

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 1.01 mean?
Chememan PCL (BKK:CMAN) has a Cyclically Adjusted PB Ratio of 1.01 as of Sep. 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 Chememan PCL and its competitors. This is near median its historical median of 1.05. Over the past decade, Chememan PCL's Cyclically Adjusted PB Ratio has ranged from 1.00 to 1.13. According to the industry distribution chart, Chememan PCL ranks #334 out of 1096 companies in the Chemicals industry, placing it in the top 30.5%.
Is Chememan PCL's Cyclically Adjusted PB Ratio too high?
Chememan PCL's current Cyclically Adjusted PB Ratio of 1.01 is near median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 1.13. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.69. Chememan PCL's value of 1.01 is 40.2% below this industry median. Based on the distribution chart, Chememan PCL ranks #334 out of 1096 companies in the Chemicals industry, which is above the industry midpoint. Overall, Chememan PCL has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Chememan PCL's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Chememan PCL ranks #334 out of 1096 companies for Cyclically Adjusted PB Ratio. This puts Chememan PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.69. Chememan PCL's value of 1.01 is 40.2% below this benchmark. Historically, Chememan PCL's own Cyclically Adjusted PB Ratio has ranged from 1.00 to 1.13 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.69, Chememan 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.69, based on 1,096 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. Chememan PCL's current Cyclically Adjusted PB Ratio of 1.01 is 40.2% 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 Chememan PCL and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chememan PCL's current Cyclically Adjusted PB Ratio is 1.01, which is near median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chememan PCL stock overvalued right now?
Chememan PCL (BKK:CMAN) has a current Cyclically Adjusted PB Ratio of 1.01. The current Cyclically Adjusted PB Ratio is 1.01, which is near median its 10-year median of 1.05 and 40.2% below the Chemicals industry median of 1.69. Chememan PCL's overall GF Score™ is 57/100 with 2 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 Chememan PCL (BKK:CMAN), the current Cyclically Adjusted PB Ratio is 1.01 as of Sep. 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.

Chememan PCL Business Description

Address Rajadapisek Road, 195/11-12 Lake Rajada Office Complex 2, 10th-11th Floor, Klongtoey, Bangkok, THA, 10110
Chememan PCL is engaged in the manufacture and distribution of mineral lime products. The company transforms natural resources into basic and specialty chemicals and synthetic products. Its product offerings include quicklime (Calcium Oxide, CaO), hydrated lime (Calcium Hydroxide, Ca(OH)2), as well as chemical grade and construction limestone (Calcium Carbonate, CaCO3). The group's business operations involve two geographic segments: the company, which is incorporated in Thailand, manufactures and distributes minerals and chemicals; and the subsidiaries, which are incorporated overseas, manufacture and distribute minerals and chemicals. The majority of the group's revenue is derived from its business in Thailand, and the rest from overseas markets.
57GF Score

Get the complete analysis for BKK:CMAN

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

฿2.76
Price