Khon Kaen Sugar Industry PCL (BKK:KSL) Cyclically Adjusted PB Ratio: 0.32 (As of Sep. 17, 2026) — 56% Below Median

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BKK:KSL Khon Kaen Sugar Industry PCL BKK:KSL
67 GF Score
Price ฿1.72
GF Value ฿2.20
Valuation Modestly Undervalued
! 13 Warning Signs
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What is Khon Kaen Sugar Industry PCL Cyclically Adjusted PB Ratio?

Khon Kaen Sugar Industry PCL BKK:KSL -6.52% 67 Cyclically Adjusted PB Ratio is 0.32 as of Sep. 17, 2026, which is 56% below its 10-year median of 0.72. GuruFocus rates BKK:KSL with a GF Score™ of 67/100 and a GF Value™ of ฿2.20 (Modestly Undervalued). The stock has 13 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, Khon Kaen Sugar Industry PCL ranks better than 88.25% on this metric.

As of today (2026-09-17), Khon Kaen Sugar Industry PCL's current share price is ฿1.72. Khon Kaen Sugar Industry PCL's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 was ฿5.40. Khon Kaen Sugar Industry PCL's Cyclically Adjusted PB Ratio for today is 0.32.

The historical rank and industry rank for Khon Kaen Sugar Industry PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:KSL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.72   Max: 1.77
Current: 0.37

During the past years, Khon Kaen Sugar Industry PCL's highest Cyclically Adjusted PB Ratio was 1.77. The lowest was 0.24. And the median was 0.72.

BKK:KSL's Cyclically Adjusted PB Ratio is ranked better than
88.25% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs BKK:KSL: 0.37

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.

Khon Kaen Sugar Industry PCL's adjusted book value per share data for the three months ended in Apr. 2026 was ฿5.044. 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 ฿5.40 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Khon Kaen Sugar Industry PCL  (BKK:KSL) 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.


Khon Kaen Sugar Industry PCL Cyclically Adjusted PB Ratio Related Terms


Khon Kaen Sugar Industry PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Khon Kaen Sugar 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.

Khon Kaen Sugar Industry PCL Cyclically Adjusted PB Ratio Chart

Khon Kaen Sugar Industry PCL Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 0.80 0.58 0.40 0.26

Khon Kaen Sugar Industry PCL Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.30 0.29 0.26 0.23 0.30

BKK:KSL vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Khon Kaen Sugar 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.


Khon Kaen Sugar Industry PCL Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Khon Kaen Sugar Industry PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Khon Kaen Sugar Industry PCL's Cyclically Adjusted PB Ratio falls into.


BKK:KSL
67GF Score
Khon Kaen Sugar Industry PCL BKK:KSL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Khon Kaen Sugar 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.

Khon Kaen Sugar Industry PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.72/5.395
=0.32

* 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.

Khon Kaen Sugar Industry PCL's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Khon Kaen Sugar Industry PCL's adjusted Book Value per Share data for the three months ended in Apr. 2026 was:

Adj_Book=Book Value per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=5.044/333.0200*333.0200
=5.044

Current CPI (Apr. 2026) = 333.0200.

Khon Kaen Sugar Industry PCL Quarterly Data

Book Value per Share CPI Adj_Book
201607 3.175 240.628 4.394
201610 3.775 241.729 5.201
201701 3.880 242.839 5.321
201704 0.000 244.524 0.000
201707 3.920 244.786 5.333
201710 4.102 246.663 5.538
201801 4.108 247.867 5.519
201804 4.211 250.546 5.597
201807 4.206 252.006 5.558
201810 4.226 252.885 5.565
201901 4.222 251.712 5.586
201904 4.270 255.548 5.564
201907 4.299 256.571 5.580
201910 4.313 257.346 5.581
202001 4.365 257.971 5.635
202004 4.180 256.389 5.429
202007 4.216 259.101 5.419
202010 4.432 260.388 5.668
202101 4.487 261.582 5.712
202104 4.508 267.054 5.622
202107 4.524 273.003 5.519
202110 4.560 276.589 5.490
202201 4.672 281.148 5.534
202204 4.724 289.109 5.441
202207 4.897 296.276 5.504
202210 4.844 298.012 5.413
202301 4.922 299.170 5.479
202304 4.762 303.363 5.228
202307 4.879 305.691 5.315
202310 4.892 307.671 5.295
202401 5.011 308.417 5.411
202404 4.999 313.548 5.309
202407 5.065 314.540 5.363
202410 5.026 315.664 5.302
202501 5.050 317.671 5.294
202504 5.021 320.795 5.212
202507 5.018 323.048 5.173
202510 4.997 0.000
202601 5.021 325.252 5.141
202604 5.044 333.020 5.044

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 0.32 mean?
Khon Kaen Sugar Industry PCL (BKK:KSL) has a Cyclically Adjusted PB Ratio of 0.32 as of Sep. 17, 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 Khon Kaen Sugar Industry PCL and its competitors. This is 56% below median its historical median of 0.72. Over the past decade, Khon Kaen Sugar Industry PCL's Cyclically Adjusted PB Ratio has ranged from 0.24 to 1.77. According to the industry distribution chart, Khon Kaen Sugar Industry PCL ranks #149 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 11.8%.
Is Khon Kaen Sugar Industry PCL's Cyclically Adjusted PB Ratio too high?
Khon Kaen Sugar Industry PCL's current Cyclically Adjusted PB Ratio of 0.32 is 56% below median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 1.77. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Khon Kaen Sugar Industry PCL's value of 0.32 is 74.3% below this industry median. Based on the distribution chart, Khon Kaen Sugar Industry PCL ranks #149 out of 1268 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Khon Kaen Sugar Industry PCL has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Khon Kaen Sugar Industry PCL's Cyclically Adjusted PB Ratio compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Khon Kaen Sugar Industry PCL ranks #149 out of 1268 companies for Cyclically Adjusted PB Ratio. This places Khon Kaen Sugar Industry PCL in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.25. Khon Kaen Sugar Industry PCL's value of 0.32 is 74.3% below this benchmark. Historically, Khon Kaen Sugar Industry PCL's own Cyclically Adjusted PB Ratio has ranged from 0.24 to 1.77 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 1.25, Khon Kaen Sugar Industry 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 1.25, based on 1,268 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. Khon Kaen Sugar Industry PCL's current Cyclically Adjusted PB Ratio of 0.32 is 74.3% 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 Khon Kaen Sugar Industry PCL and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Khon Kaen Sugar Industry PCL's current Cyclically Adjusted PB Ratio is 0.32, which is 56% below median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khon Kaen Sugar Industry PCL stock overvalued right now?
Based on GuruFocus' analysis, Khon Kaen Sugar Industry PCL (BKK:KSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.20, compared to a current price of ฿1.72 — trading 21.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.32, which is 56% below median its 10-year median of 0.72 and 74.3% below the Consumer Packaged Goods industry median of 1.25. Khon Kaen Sugar Industry PCL's overall GF Score™ is 67/100 with 13 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 Khon Kaen Sugar Industry PCL (BKK:KSL), the current Cyclically Adjusted PB Ratio is 0.32 as of Sep. 17, 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 Khon Kaen Sugar Industry PCL (BKK:KSL) Overvalued in 2026?

Based on GuruFocus' analysis, Khon Kaen Sugar Industry PCL stock appears to be undervalued. The current stock price of ฿1.72 is trading 21.8% below its estimated GF Value™ of ฿2.20. GuruFocus considers Khon Kaen Sugar Industry PCL to be Modestly Undervalued.

Key valuation signals for BKK:KSL:

  • Cyclically Adjusted PB Ratio: 0.32 (56% below median its 10-year median of 0.72)
  • GF Value™: ฿2.20 vs. price of ฿1.72 (21.8% below fair value)
  • GF Score™: 67/100 with 13 warning signs
  • Industry Position: 74.3% below the Consumer Packaged Goods median (#149 of 1268)

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


Khon Kaen Sugar Industry PCL Business Description

Other Exchanges KSL-R:Thailand
Address Sriayudahya Road, No. 503 K.S.L. Tower, 9th Floor, Thanon Phaya Thai Sub-District, Ratchathewi District, Bangkok, THA, 10400
Khon Kaen Sugar Industry PCL manufactures and distributes sugar and molasses in Thailand. It also sells the byproducts of its sugar production, including ethanol, which it sells to oil companies, and electricity, which it sells to the Electricity Generating Authority of Thailand (EGAT), a monopoly in Thailand's electrical energy market and the country's primary power producer. The company has three operating segments - Manufacture and Distribution of Sugar and Molasses, Manufacture and Sale of Electricity, and Real Estate Rental. The company generates the majority of its revenue from the Manufacture and Distribution of Sugar and Molasses. In addition to Thailand, the company sells its products in Laos and Cambodia.
67GF Score

Get the complete analysis for BKK:KSL

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

฿1.72
Price
฿2.20
GF Value