Fortune Parts Industry PCL (BKK:FPI) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:FPI Fortune Parts Industry PCL BKK:FPI
80 GF Score
Price ฿1.67
GF Value ฿1.93
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Fortune Parts Industry PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

Fortune Parts Industry PCL  (BKK:FPI) 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.

Fortune Parts Industry PCL Cyclically Adjusted PB Ratio Related Terms

Fortune Parts Industry PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fortune Parts Industry 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.

Fortune Parts Industry PCL Cyclically Adjusted PB Ratio Chart

Fortune Parts Industry 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 3.44 2.71 1.97 1.44 1.12

Fortune Parts Industry 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 1.09 1.12 1.16 1.14 1.01

BKK:FPI vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Fortune Parts Industry 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.

Fortune Parts Industry PCL Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fortune Parts Industry PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:FPI
80GF Score
Fortune Parts Industry PCL BKK:FPI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fortune Parts Industry 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.

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

For example, Fortune Parts Industry 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)
=1.78/333.9520*333.9520
=1.780

Current CPI (Jun. 2026) = 333.9520.

Fortune Parts Industry PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.817 241.428 1.130
201612 0.890 241.432 1.231
201703 0.928 243.801 1.271
201706 0.888 244.955 1.211
201709 0.884 246.819 1.196
201712 1.044 246.524 1.414
201803 1.012 249.554 1.354
201806 1.109 251.989 1.470
201809 1.102 252.439 1.458
201812 1.109 251.233 1.474
201903 1.128 254.202 1.482
201906 1.089 256.143 1.420
201909 1.069 256.759 1.390
201912 1.097 256.974 1.426
202003 1.089 258.115 1.409
202006 1.041 257.797 1.349
202009 1.065 260.280 1.366
202012 1.081 260.474 1.386
202103 1.123 264.877 1.416
202106 1.131 271.696 1.390
202109 1.134 274.310 1.381
202112 1.228 278.802 1.471
202203 1.298 287.504 1.508
202206 1.343 296.311 1.514
202209 1.349 296.808 1.518
202212 1.400 296.797 1.575
202303 1.438 301.836 1.591
202306 1.427 305.109 1.562
202309 1.442 307.789 1.565
202312 1.508 306.746 1.642
202403 1.550 312.332 1.657
202406 1.576 314.175 1.675
202409 1.538 315.301 1.629
202412 1.607 315.605 1.700
202503 1.657 319.799 1.730
202506 1.659 322.561 1.718
202509 1.684 324.800 1.731
202512 1.705 324.054 1.757
202603 1.748 330.213 1.768
202606 1.780 333.952 1.780

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.

Is Fortune Parts Industry PCL (BKK:FPI) Overvalued in 2026?

Based on GuruFocus' analysis, Fortune Parts Industry PCL stock appears to be undervalued. The current stock price of ฿1.67 is trading 13.5% below its estimated GF Value™ of ฿1.93. GuruFocus considers Fortune Parts Industry PCL to be Modestly Undervalued.

Key valuation signals for BKK:FPI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿1.93 vs. price of ฿1.67 (13.5% below fair value)
  • GF Score™: 80/100 with 4 warning signs

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

Fortune Parts Industry PCL Business Description

Address 11/22 Moo 20, Nimitmai Road, Lamlukka, Pathumthani, THA, 12150
Fortune Parts Industry PCL is engaged in the manufacturing and distribution of the automotive replacement parts, dipping and painting services. Its services include Plastic Injection Molding, Chrome Plating, Painting, Designing, 3D Printing, Molding, and FPIS (Environmental Consulting). Its main product lines mainly focus Japanese pickup, truck, personal cars, and all brands of Japanese car - Toyota, Nissan, Isuzu, Mazda, Mitsubishi, Hino, Honda, Suzuki, Smart, Samsung, Daewoo, Hyundai, and Kia. Geographically it operates in Thailand, Saudi Arabia, and Others.
80GF Score

Get the complete analysis for BKK:FPI

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

฿1.67
Price
฿1.93
GF Value