Kiatnakin Phatra Bank PCL (BKK:KKP-R) Cyclically Adjusted PB Ratio: 1.40 (As of Sep. 04, 2026) — 24% Above Median

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BKK:KKP-R Kiatnakin Phatra Bank PCL BKK:KKP-R
58 GF Score
Price ฿57.75
GF Value ฿29.90
! 7 Warning Signs
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What is Kiatnakin Phatra Bank PCL Cyclically Adjusted PB Ratio?

Kiatnakin Phatra Bank PCL BKK:KKP-R 58 Cyclically Adjusted PB Ratio is 1.40 as of Sep. 04, 2026, which is 24% above its 10-year median of 1.13. GuruFocus rates BKK:KKP-R with a GF Score™ of 58/100 and a GF Value™ of ฿29.90. The stock has 7 warning signs investors should review. Among 1,274 Banks companies, Kiatnakin Phatra Bank PCL ranks worse than 66.88% on this metric.

As of today (2026-09-04), Kiatnakin Phatra Bank PCL's current share price is ฿57.75. Kiatnakin Phatra Bank PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿41.31. Kiatnakin Phatra Bank PCL's Cyclically Adjusted PB Ratio for today is 1.40.

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

BKK:KKP-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.13   Max: 1.93
Current: 1.61

During the past years, Kiatnakin Phatra Bank PCL's highest Cyclically Adjusted PB Ratio was 1.93. The lowest was 0.59. And the median was 1.13.

BKK:KKP-R's Cyclically Adjusted PB Ratio is ranked worse than
66.88% of 1274 companies
in the Banks industry
Industry Median: 1.29 vs BKK:KKP-R: 1.61

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.

Kiatnakin Phatra Bank PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿80.199. 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 ฿41.31 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kiatnakin Phatra Bank PCL  (BKK:KKP-R) 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.


Kiatnakin Phatra Bank PCL Cyclically Adjusted PB Ratio Related Terms


Kiatnakin Phatra Bank PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kiatnakin Phatra Bank 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.

Kiatnakin Phatra Bank PCL Cyclically Adjusted PB Ratio Chart

Kiatnakin Phatra Bank 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 1.12 1.27 0.81 0.80 0.99

Kiatnakin Phatra Bank 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 0.67 0.86 0.99 1.07 1.40

BKK:KKP-R vs USB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Kiatnakin Phatra Bank 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.


Kiatnakin Phatra Bank PCL Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Kiatnakin Phatra Bank PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kiatnakin Phatra Bank PCL's Cyclically Adjusted PB Ratio falls into.


BKK:KKP-R
58GF Score
Kiatnakin Phatra Bank PCL BKK:KKP-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kiatnakin Phatra Bank 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.

Kiatnakin Phatra Bank PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.75/41.31
=1.40

* 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.

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

For example, Kiatnakin Phatra Bank 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)
=80.199/333.9520*333.9520
=80.199

Current CPI (Jun. 2026) = 333.9520.

Kiatnakin Phatra Bank PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 46.110 241.428 63.781
201612 47.591 241.432 65.829
201703 49.437 243.801 67.717
201706 47.110 244.955 64.226
201709 47.230 246.819 63.903
201712 48.813 246.524 66.124
201803 50.556 249.554 67.654
201806 48.884 251.989 64.784
201809 48.645 252.439 64.353
201812 49.814 251.233 66.215
201903 51.321 254.202 67.422
201906 49.651 256.143 64.734
201909 50.236 256.759 65.339
201912 51.848 256.974 67.379
202003 49.484 258.115 64.023
202006 51.408 257.797 66.594
202009 53.129 260.280 68.167
202012 54.936 260.474 70.433
202103 56.744 264.877 71.542
202106 56.628 271.696 69.604
202109 57.802 274.310 70.370
202112 60.285 278.802 72.210
202203 62.592 287.504 72.704
202206 62.551 296.311 70.497
202209 63.262 296.808 71.179
202212 68.289 296.797 76.838
202303 70.815 301.836 78.350
202306 70.864 305.109 77.563
202309 70.977 307.789 77.010
202312 72.001 306.746 78.387
202403 73.993 312.332 79.115
202406 73.144 314.175 77.748
202409 73.864 315.301 78.233
202412 75.726 315.605 80.128
202503 77.397 319.799 80.822
202506 76.641 322.561 79.348
202509 77.780 324.800 79.972
202512 79.782 324.054 82.219
202603 81.809 330.213 82.735
202606 80.199 333.952 80.199

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 1.40 mean?
Kiatnakin Phatra Bank PCL (BKK:KKP-R) has a Cyclically Adjusted PB Ratio of 1.40 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 Kiatnakin Phatra Bank PCL and its competitors. This is 24% above median its historical median of 1.13. Over the past decade, Kiatnakin Phatra Bank PCL's Cyclically Adjusted PB Ratio has ranged from 0.59 to 1.93. According to the industry distribution chart, Kiatnakin Phatra Bank PCL ranks #852 out of 1274 companies in the Banks industry, placing it in the top 66.9%.
Is Kiatnakin Phatra Bank PCL's Cyclically Adjusted PB Ratio too high?
Kiatnakin Phatra Bank PCL's current Cyclically Adjusted PB Ratio of 1.40 is 24% above median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.93. The Banks industry median Cyclically Adjusted PB Ratio is 1.29. Kiatnakin Phatra Bank PCL's value of 1.40 is 8.5% above this industry median. Based on the distribution chart, Kiatnakin Phatra Bank PCL ranks #852 out of 1274 companies in the Banks industry, which is below the industry midpoint. Overall, Kiatnakin Phatra Bank PCL has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Kiatnakin Phatra Bank PCL's Cyclically Adjusted PB Ratio compare to USB?
According to the Banks industry distribution chart, Kiatnakin Phatra Bank PCL ranks #852 out of 1274 companies for Cyclically Adjusted PB Ratio. This places Kiatnakin Phatra Bank PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Kiatnakin Phatra Bank PCL's value of 1.40 is 8.5% above this benchmark. Historically, Kiatnakin Phatra Bank PCL's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 1.93 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 1.29, Kiatnakin Phatra Bank 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.29, based on 1,274 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. Kiatnakin Phatra Bank PCL's current Cyclically Adjusted PB Ratio of 1.40 is 8.5% 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 Kiatnakin Phatra Bank PCL and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kiatnakin Phatra Bank PCL's current Cyclically Adjusted PB Ratio is 1.40, which is 24% above median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kiatnakin Phatra Bank PCL stock overvalued right now?
Kiatnakin Phatra Bank PCL (BKK:KKP-R) has a current Cyclically Adjusted PB Ratio of 1.40. The stock's GF Value™ is ฿29.90, compared to a current price of ฿57.75 — trading 93.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.40, which is 24% above median its 10-year median of 1.13 and 8.5% above the Banks industry median of 1.29. Kiatnakin Phatra Bank PCL's overall GF Score™ is 58/100 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 Kiatnakin Phatra Bank PCL (BKK:KKP-R), the current Cyclically Adjusted PB Ratio is 1.40 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 Kiatnakin Phatra Bank PCL (BKK:KKP-R) Overvalued in 2026?

Based on GuruFocus' analysis, Kiatnakin Phatra Bank PCL stock appears to be overvalued. The current stock price of ฿57.75 is trading 93.1% above its estimated GF Value™ of ฿29.90.

Key valuation signals for BKK:KKP-R:

  • Cyclically Adjusted PB Ratio: 1.40 (24% above median its 10-year median of 1.13)
  • GF Value™: ฿29.90 vs. price of ฿57.75 (93.1% above fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 8.5% above the Banks median (#852 of 1274)

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


Kiatnakin Phatra Bank PCL Business Description

Other Exchanges KKP:ThailandKIFF:Germany
Address Sukhumvit 21 (Asoke) Road, Khlong Toey Nua, 209 KKP Tower, Wattana, Bangkok, THA, 10110
Kiatnakin Phatra Bank PCL provides banking business through its branch network in Thailand. The company's operating segments include the Commercial Banking Business: consists of all commercial banking business and KKP Tower Co., Ltd., except for the Debt restructuring segment; Capital Market Business, which consists of KKP Capital PCL., Kiatnakin Phatra Securities PCL., Kiatnakin Phatra Asset Management Co., Ltd., and KKP DIME Securities Co., Ltd.; and Debt Restructuring Segment. The majority of the company's revenue is derived from the Commercial Banking Business segment.
58GF Score

Get the complete analysis for BKK:KKP-R

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

฿57.75
Price
฿29.90
GF Value