FN Factory Outlet PCL (BKK:FN) Cyclically Adjusted PB Ratio: 0.31 (As of Jul. 19, 2026) — Near Median

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BKK:FN FN Factory Outlet PCL BKK:FN
54 GF Score
Price ฿0.48
GF Value ฿1.06
Valuation Possible Value Trap
! 4 Warning Signs
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What is FN Factory Outlet PCL Cyclically Adjusted PB Ratio?

FN Factory Outlet PCL BKK:FN +2.13% 54 Cyclically Adjusted PB Ratio is 0.31 as of Jul. 19, 2026, which is at its 10-year median of 0.31. GuruFocus rates BKK:FN with a GF Score™ of 54/100 and a GF Value™ of ฿1.06 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 810 Retail - Cyclical companies, FN Factory Outlet PCL ranks better than 88.77% on this metric.

As of today (2026-07-19), FN Factory Outlet PCL's current share price is ฿0.48. FN Factory Outlet PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿1.57. FN Factory Outlet PCL's Cyclically Adjusted PB Ratio for today is 0.31.

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

BKK:FN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 0.31   Max: 0.32
Current: 0.31

During the past years, FN Factory Outlet PCL's highest Cyclically Adjusted PB Ratio was 0.32. The lowest was 0.29. And the median was 0.31.

BKK:FN's Cyclically Adjusted PB Ratio is ranked better than
88.77% of 810 companies
in the Retail - Cyclical industry
Industry Median: 1.255 vs BKK:FN: 0.31

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.

FN Factory Outlet PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿0.875. 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 ฿1.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


FN Factory Outlet PCL  (BKK:FN) 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.


FN Factory Outlet PCL Cyclically Adjusted PB Ratio Related Terms


FN Factory Outlet PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for FN Factory Outlet 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.

FN Factory Outlet PCL Cyclically Adjusted PB Ratio Chart

FN Factory Outlet 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

FN Factory Outlet 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 0.00 0.00 0.00 0.00 0.29

BKK:FN vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, FN Factory Outlet 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.


FN Factory Outlet PCL Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, FN Factory Outlet PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:FN
54GF Score
FN Factory Outlet PCL BKK:FN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FN Factory Outlet 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.

FN Factory Outlet PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.48/1.57
=0.31

* 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.

FN Factory Outlet PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, FN Factory Outlet 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)
=0.875/330.2130*330.2130
=0.875

Current CPI (Mar. 2026) = 330.2130.

FN Factory Outlet PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 1.465 241.432 2.004
201703 1.488 243.801 2.015
201706 1.449 244.955 1.953
201709 1.467 246.819 1.963
201712 1.491 246.524 1.997
201803 1.506 249.554 1.993
201806 1.475 251.989 1.933
201809 1.476 252.439 1.931
201812 1.483 251.233 1.949
201903 1.482 254.202 1.925
201906 1.474 256.143 1.900
201909 1.477 256.759 1.900
201912 1.480 256.974 1.902
202003 1.473 258.115 1.884
202006 1.464 257.797 1.875
202009 1.469 260.280 1.864
202012 1.439 260.474 1.824
202103 1.429 264.877 1.781
202106 1.407 271.696 1.710
202109 1.392 274.310 1.676
202112 1.371 278.802 1.624
202203 1.356 287.504 1.557
202206 1.337 296.311 1.490
202209 1.316 296.808 1.464
202212 1.281 296.797 1.425
202303 1.259 301.836 1.377
202306 1.236 305.109 1.338
202309 1.207 307.789 1.295
202312 1.041 306.746 1.121
202403 1.037 312.332 1.096
202406 1.017 314.175 1.069
202409 1.005 315.301 1.053
202412 0.962 315.605 1.007
202503 0.951 319.799 0.982
202506 0.943 322.561 0.965
202509 0.903 324.800 0.918
202512 0.889 324.054 0.906
202603 0.875 330.213 0.875

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 0.31 mean?
FN Factory Outlet PCL (BKK:FN) has a Cyclically Adjusted PB Ratio of 0.31 as of Jul. 19, 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 FN Factory Outlet PCL and its competitors. This is near median its historical median of 0.31. Over the past decade, FN Factory Outlet PCL's Cyclically Adjusted PB Ratio has ranged from 0.29 to 0.32. According to the industry distribution chart, FN Factory Outlet PCL ranks #91 out of 810 companies in the Retail - Cyclical industry, placing it in the top 11.2%.
Is FN Factory Outlet PCL's Cyclically Adjusted PB Ratio too high?
FN Factory Outlet PCL's current Cyclically Adjusted PB Ratio of 0.31 is near median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 0.32. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.26. FN Factory Outlet PCL's value of 0.31 is 75.3% below this industry median. Based on the distribution chart, FN Factory Outlet PCL ranks #91 out of 810 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, FN Factory Outlet PCL has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FN Factory Outlet PCL's Cyclically Adjusted PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, FN Factory Outlet PCL ranks #91 out of 810 companies for Cyclically Adjusted PB Ratio. This places FN Factory Outlet PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.26. FN Factory Outlet PCL's value of 0.31 is 75.3% below this benchmark. Historically, FN Factory Outlet PCL's own Cyclically Adjusted PB Ratio has ranged from 0.29 to 0.32 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 1.26, FN Factory Outlet 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.26, based on 810 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. FN Factory Outlet PCL's current Cyclically Adjusted PB Ratio of 0.31 is 75.3% 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 FN Factory Outlet PCL and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FN Factory Outlet PCL's current Cyclically Adjusted PB Ratio is 0.31, which is near median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FN Factory Outlet PCL stock overvalued right now?
Based on GuruFocus' analysis, FN Factory Outlet PCL (BKK:FN) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.06, compared to a current price of ฿0.48 — trading 54.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.31, which is near median its 10-year median of 0.31 and 75.3% below the Retail - Cyclical industry median of 1.26. FN Factory Outlet PCL's overall GF Score™ is 54/100 with 4 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 FN Factory Outlet PCL (BKK:FN), the current Cyclically Adjusted PB Ratio is 0.31 as of Jul. 19, 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 FN Factory Outlet PCL (BKK:FN) Overvalued in 2026?

Based on GuruFocus' analysis, FN Factory Outlet PCL stock appears to be undervalued. The current stock price of ฿0.48 is trading 54.7% below its estimated GF Value™ of ฿1.06. GuruFocus considers FN Factory Outlet PCL to be Possible Value Trap.

Key valuation signals for BKK:FN:

  • Cyclically Adjusted PB Ratio: 0.31 (near median its 10-year median of 0.31)
  • GF Value™: ฿1.06 vs. price of ฿0.48 (54.7% below fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 75.3% below the Retail - Cyclical median (#91 of 810)

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


FN Factory Outlet PCL Business Description

Address Rama 9 Road, No. 991, FN Building, Suan Luang Sub-district, Suan Luang District, Bangkok, THA, 10250
FN Factory Outlet PCL is principally engaged in merchandising of clothing and consumer products in Thailand. The subsidiary is principally engaged in distributing inventive products of health care and environmental. It products includes FN Apparel, FN Sleep, FN Home, FN Care, FN Travel, FN Sports, and FN EAT. The company and its subsidiary operate in Thailand.
54GF Score

Get the complete analysis for BKK:FN

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

฿0.48
Price
฿1.06
GF Value