CP All PCL (BKK:CPALL-F) Cyclically Adjusted PB Ratio: 3.82 (As of Sep. 04, 2026) — 59% Below Median

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BKK:CPALL-F CP All PCL BKK:CPALL-F
90 GF Score
Price ฿48.75
GF Value ฿55.48
Valuation Modestly Undervalued
! 5 Warning Signs
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What is CP All PCL Cyclically Adjusted PB Ratio?

CP All PCL BKK:CPALL-F 90 Cyclically Adjusted PB Ratio is 3.82 as of Sep. 04, 2026, which is 59% below its 10-year median of 9.36. GuruFocus rates BKK:CPALL-F with a GF Score™ of 90/100 and a GF Value™ of ฿55.48 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 217 Retail - Defensive companies, CP All PCL ranks worse than 72.81% on this metric.

As of today (2026-09-04), CP All PCL's current share price is ฿48.75. CP All PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿12.75. CP All PCL's Cyclically Adjusted PB Ratio for today is 3.82.

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

BKK:CPALL-F' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.48   Med: 9.36   Max: 25.29
Current: 3.59

During the past years, CP All PCL's highest Cyclically Adjusted PB Ratio was 25.29. The lowest was 3.48. And the median was 9.36.

BKK:CPALL-F's Cyclically Adjusted PB Ratio is ranked worse than
72.81% of 217 companies
in the Retail - Defensive industry
Industry Median: 1.62 vs BKK:CPALL-F: 3.59

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.

CP All PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿15.844. 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 ฿12.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CP All PCL  (BKK:CPALL-F) 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.


CP All PCL Cyclically Adjusted PB Ratio Related Terms


CP All PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CP All 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.

CP All PCL Cyclically Adjusted PB Ratio Chart

CP All 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 8.19 8.05 5.86 5.19 3.62

CP All 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 3.84 4.01 3.62 3.64 3.63

BKK:CPALL-F vs KR, SFM: Cyclically Adjusted PB Ratio Comparison

For the Grocery Stores subindustry, CP All 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.


CP All PCL Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, CP All PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:CPALL-F
90GF Score
CP All PCL BKK:CPALL-F
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CP All 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=48.75/12.75
=3.82

* 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.

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

For example, CP All 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)
=15.844/333.9520*333.9520
=15.844

Current CPI (Jun. 2026) = 333.9520.

CP All PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.566 241.428 6.316
201612 6.144 241.432 8.498
201703 6.653 243.801 9.113
201706 6.148 244.955 8.382
201709 7.805 246.819 10.560
201712 8.386 246.524 11.360
201803 8.955 249.554 11.984
201806 8.372 251.989 11.095
201809 8.855 252.439 11.714
201812 9.443 251.233 12.552
201903 10.037 254.202 13.186
201906 9.269 256.143 12.085
201909 9.830 256.759 12.785
201912 10.435 256.974 13.561
202003 10.954 258.115 14.172
202006 9.639 257.797 12.486
202009 10.358 260.280 13.290
202012 10.771 260.474 13.809
202103 11.092 264.877 13.985
202106 10.447 271.696 12.841
202109 10.688 274.310 13.012
202112 11.592 278.802 13.885
202203 11.941 287.504 13.870
202206 11.683 296.311 13.167
202209 10.979 296.808 12.353
202212 11.213 296.797 12.617
202303 11.667 301.836 12.908
202306 11.380 305.109 12.456
202309 11.886 307.789 12.896
202312 12.356 306.746 13.452
202403 13.155 312.332 14.066
202406 12.863 314.175 13.673
202409 13.331 315.301 14.120
202412 14.122 315.605 14.943
202503 14.985 319.799 15.648
202506 14.198 322.561 14.699
202509 14.848 324.800 15.266
202512 15.502 324.054 15.975
202603 16.634 330.213 16.822
202606 15.844 333.952 15.844

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 3.82 mean?
CP All PCL (BKK:CPALL-F) has a Cyclically Adjusted PB Ratio of 3.82 as of Sep. 04, 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 CP All PCL and its competitors. This is 59% below median its historical median of 9.36. Over the past decade, CP All PCL's Cyclically Adjusted PB Ratio has ranged from 3.48 to 25.29. According to the industry distribution chart, CP All PCL ranks #158 out of 217 companies in the Retail - Defensive industry, placing it in the top 72.8%.
Is CP All PCL's Cyclically Adjusted PB Ratio too high?
CP All PCL's current Cyclically Adjusted PB Ratio of 3.82 is 59% below median its 10-year median of 9.36. Over the past 10 years, this metric has ranged from a low of 3.48 to a high of 25.29. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.62. CP All PCL's value of 3.82 is 135.8% above this industry median. Based on the distribution chart, CP All PCL ranks #158 out of 217 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, CP All PCL has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CP All PCL's Cyclically Adjusted PB Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, CP All PCL ranks #158 out of 217 companies for Cyclically Adjusted PB Ratio. This places CP All PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. CP All PCL's value of 3.82 is 135.8% above this benchmark. Historically, CP All PCL's own Cyclically Adjusted PB Ratio has ranged from 3.48 to 25.29 over the past decade. While the company's 10-year median is 9.36 vs. the industry median of 1.62, CP All PCL has consistently been above 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 Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.62, based on 217 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. CP All PCL's current Cyclically Adjusted PB Ratio of 3.82 is 135.8% above 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 CP All PCL and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CP All PCL's current Cyclically Adjusted PB Ratio is 3.82, which is 59% below median its own 10-year median of 9.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CP All PCL stock overvalued right now?
Based on GuruFocus' analysis, CP All PCL (BKK:CPALL-F) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿55.48, compared to a current price of ฿48.75 — trading 12.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.82, which is 59% below median its 10-year median of 9.36 and 135.8% above the Retail - Defensive industry median of 1.62. CP All PCL's overall GF Score™ is 90/100 with 5 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 CP All PCL (BKK:CPALL-F), the current Cyclically Adjusted PB Ratio is 3.82 as of Sep. 04, 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 CP All PCL (BKK:CPALL-F) Overvalued in 2026?

Based on GuruFocus' analysis, CP All PCL stock appears to be undervalued. The current stock price of ฿48.75 is trading 12.1% below its estimated GF Value™ of ฿55.48. GuruFocus considers CP All PCL to be Modestly Undervalued.

Key valuation signals for BKK:CPALL-F:

  • Cyclically Adjusted PB Ratio: 3.82 (59% below median its 10-year median of 9.36)
  • GF Value™: ฿55.48 vs. price of ฿48.75 (12.1% below fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 135.8% above the Retail - Defensive median (#158 of 217)

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


CP All PCL Business Description

Address Silom Road, 313 C.P. Tower, 24th Floor, Kwang Silom, Khet Bang Rak, Bangkok, THA, 10500
CP All PCL is the sole operator of 7-Eleven convenience stores in Thailand. Almost half of the stores are located in Bangkok and its vicinities, with the remaining located in provincial areas. The company also operates other related businesses, such as bill payment collection services, manufacturing and sale of convenience food and bakery products, sale and maintenance of retail equipment, payment for products and services, information technology services, logistics services, marketing services, educational institution, and training and business seminar services, including catalog sales and e-commerce businesses. The company has four reportable segments: convenience stores, wholesale, retail and mall, and others. The majority of its revenue from Convenience stores segment.
90GF Score

Get the complete analysis for BKK:CPALL-F

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

฿48.75
Price
฿55.48
GF Value