Green Resources PCL (BKK:GREEN) Cyclically Adjusted PB Ratio: 0.63 (As of Aug. 07, 2026) — 28% Below 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:GREEN Green Resources PCL BKK:GREEN
38 GF Score
Price ฿0.72
GF Value ฿0.84
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Green Resources PCL Cyclically Adjusted PB Ratio?

Green Resources PCL BKK:GREEN +1.41% 38 Cyclically Adjusted PB Ratio is 0.63 as of Aug. 07, 2026, which is 28% below its 10-year median of 0.87. GuruFocus rates BKK:GREEN with a GF Score™ of 38/100 and a GF Value™ of ฿0.84 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 277 Utilities - Independent Power Producers companies, Green Resources PCL ranks better than 68.59% on this metric.

As of today (2026-08-07), Green Resources PCL's current share price is ฿0.72. Green Resources PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿1.14. Green Resources PCL's Cyclically Adjusted PB Ratio for today is 0.63.

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

BKK:GREEN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.87   Max: 1.79
Current: 0.63

During the past years, Green Resources PCL's highest Cyclically Adjusted PB Ratio was 1.79. The lowest was 0.43. And the median was 0.87.

BKK:GREEN's Cyclically Adjusted PB Ratio is ranked better than
68.59% of 277 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.08 vs BKK:GREEN: 0.63

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.

Green Resources PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿0.905. 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 ฿1.14 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Green Resources PCL  (BKK:GREEN) 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.


Green Resources PCL Cyclically Adjusted PB Ratio Related Terms


Green Resources PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Green Resources 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.

Green Resources PCL Cyclically Adjusted PB Ratio Chart

Green Resources 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 1.35 1.04 0.61 0.90 0.55

Green Resources 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 0.64 0.63 0.60 0.55 0.62

Green Resources PCL Cyclically Adjusted PB Ratio Competitor Comparison

For the Utilities - Renewable subindustry, Green Resources 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.


Green Resources PCL Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Green Resources PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:GREEN
38GF Score
Green Resources PCL BKK:GREEN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Green Resources 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.72/1.14
=0.63

* 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.

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

For example, Green Resources 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)
=0.905/330.2130*330.2130
=0.905

Current CPI (Mar. 2026) = 330.2130.

Green Resources PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.062 241.018 1.455
201609 1.056 241.428 1.444
201612 0.987 241.432 1.350
201703 0.969 243.801 1.312
201706 0.960 244.955 1.294
201709 0.949 246.819 1.270
201712 0.908 246.524 1.216
201803 0.921 249.554 1.219
201806 0.922 251.989 1.208
201809 0.915 252.439 1.197
201812 0.916 251.233 1.204
201903 0.915 254.202 1.189
201906 0.910 256.143 1.173
201909 0.910 256.759 1.170
201912 0.919 256.974 1.181
202003 0.917 258.115 1.173
202006 0.922 257.797 1.181
202009 0.926 260.280 1.175
202012 0.926 260.474 1.174
202103 0.972 264.877 1.212
202106 0.991 271.696 1.204
202109 0.985 274.310 1.186
202112 0.984 278.802 1.165
202203 0.983 287.504 1.129
202206 0.962 296.311 1.072
202209 0.944 296.808 1.050
202212 0.976 296.797 1.086
202303 0.970 301.836 1.061
202306 0.948 305.109 1.026
202309 0.942 307.789 1.011
202312 0.938 306.746 1.010
202403 0.956 312.332 1.011
202406 0.960 314.175 1.009
202409 0.978 315.301 1.024
202412 0.945 315.605 0.989
202503 0.914 319.799 0.944
202506 0.906 322.561 0.927
202509 0.915 324.800 0.930
202512 0.894 324.054 0.911
202603 0.905 330.213 0.905

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 0.63 mean?
Green Resources PCL (BKK:GREEN) has a Cyclically Adjusted PB Ratio of 0.63 as of Aug. 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 Green Resources PCL and its competitors. This is 28% below median its historical median of 0.87. Over the past decade, Green Resources PCL's Cyclically Adjusted PB Ratio has ranged from 0.43 to 1.79. According to the industry distribution chart, Green Resources PCL ranks #87 out of 277 companies in the Utilities - Independent Power Producers industry, placing it in the top 31.4%.
Is Green Resources PCL's Cyclically Adjusted PB Ratio too high?
Green Resources PCL's current Cyclically Adjusted PB Ratio of 0.63 is 28% below median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.79. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.08. Green Resources PCL's value of 0.63 is 41.7% below this industry median. Based on the distribution chart, Green Resources PCL ranks #87 out of 277 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Green Resources PCL has a GF Score™ of 38/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Green Resources PCL's Cyclically Adjusted PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Green Resources PCL ranks #87 out of 277 companies for Cyclically Adjusted PB Ratio. This puts Green Resources PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.08. Green Resources PCL's value of 0.63 is 41.7% below this benchmark. Historically, Green Resources PCL's own Cyclically Adjusted PB Ratio has ranged from 0.43 to 1.79 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 1.08, Green Resources 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.08, based on 277 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. Green Resources PCL's current Cyclically Adjusted PB Ratio of 0.63 is 41.7% 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 Green Resources PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Green Resources PCL's current Cyclically Adjusted PB Ratio is 0.63, which is 28% below median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Resources PCL stock overvalued right now?
Based on GuruFocus' analysis, Green Resources PCL (BKK:GREEN) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.84, compared to a current price of ฿0.72 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.63, which is 28% below median its 10-year median of 0.87 and 41.7% below the Utilities - Independent Power Producers industry median of 1.08. Green Resources PCL's overall GF Score™ is 38/100 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 Green Resources PCL (BKK:GREEN), the current Cyclically Adjusted PB Ratio is 0.63 as of Aug. 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.

Is Green Resources PCL (BKK:GREEN) Overvalued in 2026?

Based on GuruFocus' analysis, Green Resources PCL stock appears to be undervalued. The current stock price of ฿0.72 is trading 14.3% below its estimated GF Value™ of ฿0.84. GuruFocus considers Green Resources PCL to be Modestly Undervalued.

Key valuation signals for BKK:GREEN:

  • Cyclically Adjusted PB Ratio: 0.63 (28% below median its 10-year median of 0.87)
  • GF Value™: ฿0.84 vs. price of ฿0.72 (14.3% below fair value)
  • GF Score™: 38/100 with 4 warning signs
  • Industry Position: 41.7% below the Utilities - Independent Power Producers median (#87 of 277)

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


Green Resources PCL Business Description

Address 405 Bond Street Road, Soi 13, Bang Pood Subdistrict, Pak Kret District, Nonthaburi, THA, 11120
Green Resources PCL is engaged in the business of real estate development, generation and distribution of electricity from solar, sale of goods with the installation of solar-cell systems. The company's segments include Real Estate, Rental and related services, and Energy generated from solar-cell systems. It derives the majority of the revenue from Energy generating from the solar-cell segment. The Group operates in a single geographical area in Thailand.
38GF Score

Get the complete analysis for BKK:GREEN

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

฿0.72
Price
฿0.84
GF Value