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Thai Ha PCLBKK:KASET -1.56%24 Cyclically Adjusted PB Ratio is 0.47 as of Aug. 28, 2026, which is 57% below its 10-year median of 1.10. GuruFocus rates BKK:KASET with a GF Score™ of 24/100 and a GF Value™ of ฿0.59 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,267 Consumer Packaged Goods companies, Thai Ha PCL ranks better than 83.74% on this metric.
The historical rank and industry rank for Thai Ha PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:
BKK:KASET'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.35 Med: 1.1 Max: 1.91
Current: 0.48
During the past years, Thai Ha PCL's highest Cyclically Adjusted PB Ratio was 1.91. The lowest was 0.35. And the median was 1.10.
BKK:KASET's Cyclically Adjusted PB Ratio is ranked better than 83.74% of 1267
companies
in the Consumer Packaged Goods industry
Industry Median: 1.26
vs BKK:KASET: 0.48
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.
Thai Ha PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿0.702. 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 ฿1.33 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Thai Ha PCL (BKK:KASET) 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.
Thai Ha PCL Cyclically Adjusted PB Ratio Related Terms
Thai Ha PCL Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Thai Ha 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.
BKK:KASET vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison
For the Packaged Foods subindustry, Thai Ha 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.
Thai Ha PCL Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Ha PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Thai Ha PCL's Cyclically Adjusted PB Ratio falls into.
Thai Ha 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.
Thai Ha PCL's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 0.47 mean?
Thai Ha PCL (BKK:KASET) has a Cyclically Adjusted PB Ratio of 0.47 as of Aug. 28, 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 Thai Ha PCL and its competitors. This is 57% below median its historical median of 1.10. Over the past decade, Thai Ha PCL's Cyclically Adjusted PB Ratio has ranged from 0.35 to 1.91. According to the industry distribution chart, Thai Ha PCL ranks #206 out of 1267 companies in the Consumer Packaged Goods industry, placing it in the top 16.3%.
Is Thai Ha PCL's Cyclically Adjusted PB Ratio too high?
Thai Ha PCL's current Cyclically Adjusted PB Ratio of 0.47 is 57% below median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 1.91. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Thai Ha PCL's value of 0.47 is 62.7% below this industry median. Based on the distribution chart, Thai Ha PCL ranks #206 out of 1267 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Ha PCL has a GF Score™ of 24/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Ha PCL's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Ha PCL ranks #206 out of 1267 companies for Cyclically Adjusted PB Ratio. This places Thai Ha PCL in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.26. Thai Ha PCL's value of 0.47 is 62.7% below this benchmark. Historically, Thai Ha PCL's own Cyclically Adjusted PB Ratio has ranged from 0.35 to 1.91 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 1.26, Thai Ha 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,267 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. Thai Ha PCL's current Cyclically Adjusted PB Ratio of 0.47 is 62.7% 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 Thai Ha PCL and its competitors. For the Consumer Packaged Goods 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. Thai Ha PCL's current Cyclically Adjusted PB Ratio is 0.47, which is 57% below median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Ha PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Ha PCL (BKK:KASET) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.59, compared to a current price of ฿0.63 — trading 6.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.47, which is 57% below median its 10-year median of 1.10 and 62.7% below the Consumer Packaged Goods industry median of 1.26. Thai Ha PCL's overall GF Score™ is 24/100 with 7 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 Thai Ha PCL (BKK:KASET), the current Cyclically Adjusted PB Ratio is 0.47 as of Aug. 28, 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 Thai Ha PCL (BKK:KASET) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Ha PCL stock appears to be overvalued.
The current stock price of ฿0.63 is trading 6.8% above its estimated GF Value™ of ฿0.59.
GuruFocus considers Thai Ha PCL to be Fairly Valued.
Key valuation signals for BKK:KASET:
Cyclically Adjusted PB Ratio: 0.47 (57% below median its 10-year median of 1.10)
GF Value™: ฿0.59 vs. price of ฿0.63 (6.8% above fair value)
Industry Position: 62.7% below the Consumer Packaged Goods median (#206 of 1267)
No single metric tells the full story. See the BKK:KASET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Ha PCL is engaged in the manufacture and distribution of agricultural products. It is also involved in the processing of agricultural products and instant products. The company produces and distributes Jasmine rice, beans and processed agricultural products such as Soybean oil, Bean thread vermicelli, and Vinegar under the brand Kaset and Smart Chef. The operating segment is manufacturing and merchandising segments of agricultural products and processed agricultural products and instant products. It derives maximum revenue from Manufacturing from export sales.
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