Christiani & Nielsen (Thai) PCL (BKK:CNT-R) Cyclically Adjusted PB Ratio: 0.49 (As of Jul. 03, 2026) — 29% Below Median


BKK:CNT-R Christiani & Nielsen (Thai) PCL BKK:CNT-R
55 GF Score
Price ฿1.05
GF Value ฿0.88
! 10 Warning Signs
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What is Christiani & Nielsen (Thai) PCL Cyclically Adjusted PB Ratio?

Christiani & Nielsen (Thai) PCL BKK:CNT-R 55 Cyclically Adjusted PB Ratio is 0.49 as of Jul. 03, 2026, which is 29% below its 10-year median of 0.69. GuruFocus rates BKK:CNT-R with a GF Score™ of 55/100 and a GF Value™ of ฿0.88. The stock has 10 warning signs investors should review. Among 1,358 Construction companies, Christiani & Nielsen (Thai) PCL ranks better than 66.27% on this metric.

As of today (2026-07-03), Christiani & Nielsen (Thai) PCL's current share price is ฿1.05. Christiani & Nielsen (Thai) PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿2.16. Christiani & Nielsen (Thai) PCL's Cyclically Adjusted PB Ratio for today is 0.49.

The historical rank and industry rank for Christiani & Nielsen (Thai) PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:CNT-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.69   Max: 1.86
Current: 0.76

During the past years, Christiani & Nielsen (Thai) PCL's highest Cyclically Adjusted PB Ratio was 1.86. The lowest was 0.41. And the median was 0.69.

BKK:CNT-R's Cyclically Adjusted PB Ratio is ranked better than
66.27% of 1358 companies
in the Construction industry
Industry Median: 1.175 vs BKK:CNT-R: 0.76

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.

Christiani & Nielsen (Thai) PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿1.739. 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 ฿2.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Christiani & Nielsen (Thai) PCL  (BKK:CNT-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.


Christiani & Nielsen (Thai) PCL Cyclically Adjusted PB Ratio Related Terms


Christiani & Nielsen (Thai) PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Christiani & Nielsen (Thai) 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.

Christiani & Nielsen (Thai) PCL Cyclically Adjusted PB Ratio Chart

Christiani & Nielsen (Thai) 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 0.94 0.63 0.48 0.51 0.49

Christiani & Nielsen (Thai) 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 0.45 0.41 0.53 0.49 0.48

BKK:CNT-R vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Christiani & Nielsen (Thai) 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.


Christiani & Nielsen (Thai) PCL Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Christiani & Nielsen (Thai) PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Christiani & Nielsen (Thai) PCL's Cyclically Adjusted PB Ratio falls into.


BKK:CNT-R
55GF Score
Christiani & Nielsen (Thai) PCL BKK:CNT-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Christiani & Nielsen (Thai) 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.

Christiani & Nielsen (Thai) PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.05/2.16
=0.49

* 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.

Christiani & Nielsen (Thai) PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Christiani & Nielsen (Thai) 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)
=1.739/330.2130*330.2130
=1.739

Current CPI (Mar. 2026) = 330.2130.

Christiani & Nielsen (Thai) PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.748 241.018 2.395
201609 1.783 241.428 2.439
201612 1.801 241.432 2.463
201703 1.805 243.801 2.445
201706 1.797 244.955 2.422
201709 1.778 246.819 2.379
201712 1.907 246.524 2.554
201803 1.800 249.554 2.382
201806 1.704 251.989 2.233
201809 1.648 252.439 2.156
201812 1.500 251.233 1.972
201903 1.405 254.202 1.825
201906 1.415 256.143 1.824
201909 1.502 256.759 1.932
201912 2.010 256.974 2.583
202003 2.032 258.115 2.600
202006 2.020 257.797 2.587
202009 2.034 260.280 2.581
202012 2.025 260.474 2.567
202103 2.032 264.877 2.533
202106 1.995 271.696 2.425
202109 1.943 274.310 2.339
202112 1.854 278.802 2.196
202203 1.842 287.504 2.116
202206 1.805 296.311 2.012
202209 1.811 296.808 2.015
202212 1.590 296.797 1.769
202303 1.589 301.836 1.738
202306 1.589 305.109 1.720
202309 1.561 307.789 1.675
202312 1.621 306.746 1.745
202403 1.614 312.332 1.706
202406 1.634 314.175 1.717
202409 1.649 315.301 1.727
202412 1.660 315.605 1.737
202503 1.691 319.799 1.746
202506 1.657 322.561 1.696
202509 1.707 324.800 1.735
202512 1.716 324.054 1.749
202603 1.739 330.213 1.739

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 0.49 mean?
Christiani & Nielsen (Thai) PCL (BKK:CNT-R) has a Cyclically Adjusted PB Ratio of 0.49 as of Jul. 03, 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 Christiani & Nielsen (Thai) PCL and its competitors. This is 29% below median its historical median of 0.69. Over the past decade, Christiani & Nielsen (Thai) PCL's Cyclically Adjusted PB Ratio has ranged from 0.41 to 1.86. According to the industry distribution chart, Christiani & Nielsen (Thai) PCL ranks #458 out of 1358 companies in the Construction industry, placing it in the top 33.7%.
Is Christiani & Nielsen (Thai) PCL's Cyclically Adjusted PB Ratio too high?
Christiani & Nielsen (Thai) PCL's current Cyclically Adjusted PB Ratio of 0.49 is 29% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.86. The Construction industry median Cyclically Adjusted PB Ratio is 1.18. Christiani & Nielsen (Thai) PCL's value of 0.49 is 58.3% below this industry median. Based on the distribution chart, Christiani & Nielsen (Thai) PCL ranks #458 out of 1358 companies in the Construction industry, which is above the industry midpoint. Overall, Christiani & Nielsen (Thai) PCL has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Christiani & Nielsen (Thai) PCL's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Christiani & Nielsen (Thai) PCL ranks #458 out of 1358 companies for Cyclically Adjusted PB Ratio. This puts Christiani & Nielsen (Thai) PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Christiani & Nielsen (Thai) PCL's value of 0.49 is 58.3% below this benchmark. Historically, Christiani & Nielsen (Thai) PCL's own Cyclically Adjusted PB Ratio has ranged from 0.41 to 1.86 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.18, Christiani & Nielsen (Thai) 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.18, based on 1,358 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. Christiani & Nielsen (Thai) PCL's current Cyclically Adjusted PB Ratio of 0.49 is 58.3% 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 Christiani & Nielsen (Thai) PCL and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Christiani & Nielsen (Thai) PCL's current Cyclically Adjusted PB Ratio is 0.49, which is 29% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Christiani & Nielsen (Thai) PCL stock overvalued right now?
Christiani & Nielsen (Thai) PCL (BKK:CNT-R) has a current Cyclically Adjusted PB Ratio of 0.49. The stock's GF Value™ is ฿0.88, compared to a current price of ฿1.05 — trading 19.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.49, which is 29% below median its 10-year median of 0.69 and 58.3% below the Construction industry median of 1.18. Christiani & Nielsen (Thai) PCL's overall GF Score™ is 55/100 with 10 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 Christiani & Nielsen (Thai) PCL (BKK:CNT-R), the current Cyclically Adjusted PB Ratio is 0.49 as of Jul. 03, 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 Christiani & Nielsen (Thai) PCL (BKK:CNT-R) Overvalued in 2026?

Based on GuruFocus' analysis, Christiani & Nielsen (Thai) PCL stock appears to be overvalued. The current stock price of ฿1.05 is trading 19.3% above its estimated GF Value™ of ฿0.88.

Key valuation signals for BKK:CNT-R:

  • Cyclically Adjusted PB Ratio: 0.49 (29% below median its 10-year median of 0.69)
  • GF Value™: ฿0.88 vs. price of ฿1.05 (19.3% above fair value)
  • GF Score™: 55/100 with 10 warning signs
  • Industry Position: 58.3% below the Construction median (#458 of 1358)

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


Christiani & Nielsen (Thai) PCL Business Description

Other Exchanges CNT:Thailand
Address 727 La Salle Road, Kwaeng Bangna Tai, Bangna, Bangkok, THA, 10260
Christiani & Nielsen (Thai) PCL is a Thailand-based company that engages in the provision of construction services. The group is organized into two reportable segments: a Main operating segment in the construction services, with operations, carried out in Thailand, and Cambodia. Sales and service segment that provide energy solutions in solar, wind, and other renewable energy sectors, with the operation, carried in Thailand. Majority of the revenue arises from construction.
55GF Score

Get the complete analysis for BKK:CNT-R

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

฿1.05
Price
฿0.88
GF Value