Multibax PCL (BKK:MBAX) Cyclically Adjusted PB Ratio: 0.64 (As of Sep. 07, 2026) — 57% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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:MBAX Multibax PCL BKK:MBAX
64 GF Score
Price ฿2.08
GF Value ฿2.22
Valuation Fairly Valued
! 11 Warning Signs
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What is Multibax PCL Cyclically Adjusted PB Ratio?

Multibax PCL BKK:MBAX +1.96% 64 Cyclically Adjusted PB Ratio is 0.64 as of Sep. 07, 2026, which is 57% below its 10-year median of 1.48. GuruFocus rates BKK:MBAX with a GF Score™ of 64/100 and a GF Value™ of ฿2.22 (Fairly Valued). The stock has 11 warning signs investors should review. Among 269 Packaging & Containers companies, Multibax PCL ranks better than 67.66% on this metric.

As of today (2026-09-07), Multibax PCL's current share price is ฿2.08. Multibax PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿3.23. Multibax PCL's Cyclically Adjusted PB Ratio for today is 0.64.

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

BKK:MBAX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.48   Max: 3.03
Current: 0.63

During the past years, Multibax PCL's highest Cyclically Adjusted PB Ratio was 3.03. The lowest was 0.40. And the median was 1.48.

BKK:MBAX's Cyclically Adjusted PB Ratio is ranked better than
67.66% of 269 companies
in the Packaging & Containers industry
Industry Median: 1.14 vs BKK:MBAX: 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.

Multibax PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿2.695. 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 ฿3.23 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Multibax PCL  (BKK:MBAX) 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.


Multibax PCL Cyclically Adjusted PB Ratio Related Terms


Multibax PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Multibax 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.

Multibax PCL Cyclically Adjusted PB Ratio Chart

Multibax 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 1.75 1.64 1.00 0.59 0.45

Multibax 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 0.43 0.44 0.45 0.63 0.59

BKK:MBAX vs SW, AMCR, PKG: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Multibax 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.


Multibax PCL Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Multibax PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:MBAX
64GF Score
Multibax PCL BKK:MBAX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Multibax 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.08/3.23
=0.64

* 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.

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

For example, Multibax 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)
=2.695/333.9520*333.9520
=2.695

Current CPI (Jun. 2026) = 333.9520.

Multibax PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.543 241.428 3.518
201612 2.617 241.432 3.620
201703 2.723 243.801 3.730
201706 2.199 244.955 2.998
201709 2.563 246.819 3.468
201712 2.627 246.524 3.559
201803 2.650 249.554 3.546
201806 2.569 251.989 3.405
201809 2.657 252.439 3.515
201812 2.739 251.233 3.641
201903 2.818 254.202 3.702
201906 2.620 256.143 3.416
201909 2.520 256.759 3.278
201912 2.633 256.974 3.422
202003 2.807 258.115 3.632
202006 3.025 257.797 3.919
202009 3.018 260.280 3.872
202012 3.100 260.474 3.974
202103 3.054 264.877 3.850
202106 2.485 271.696 3.054
202109 2.671 274.310 3.252
202112 2.865 278.802 3.432
202203 2.948 287.504 3.424
202206 2.871 296.311 3.236
202209 3.107 296.808 3.496
202212 3.076 296.797 3.461
202303 2.917 301.836 3.227
202306 2.439 305.109 2.670
202309 2.424 307.789 2.630
202312 2.514 306.746 2.737
202403 2.532 312.332 2.707
202406 2.565 314.175 2.726
202409 2.481 315.301 2.628
202412 2.414 315.605 2.554
202503 2.463 319.799 2.572
202506 2.496 322.561 2.584
202509 2.555 324.800 2.627
202512 2.604 324.054 2.684
202603 2.687 330.213 2.717
202606 2.695 333.952 2.695

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 0.64 mean?
Multibax PCL (BKK:MBAX) has a Cyclically Adjusted PB Ratio of 0.64 as of Sep. 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 Multibax PCL and its competitors. This is 57% below median its historical median of 1.48. Over the past decade, Multibax PCL's Cyclically Adjusted PB Ratio has ranged from 0.40 to 3.03. According to the industry distribution chart, Multibax PCL ranks #87 out of 269 companies in the Packaging & Containers industry, placing it in the top 32.3%.
Is Multibax PCL's Cyclically Adjusted PB Ratio too high?
Multibax PCL's current Cyclically Adjusted PB Ratio of 0.64 is 57% below median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 3.03. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.14. Multibax PCL's value of 0.64 is 43.9% below this industry median. Based on the distribution chart, Multibax PCL ranks #87 out of 269 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Multibax PCL has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Multibax PCL's Cyclically Adjusted PB Ratio compare to SW and AMCR?
According to the Packaging & Containers industry distribution chart, Multibax PCL ranks #87 out of 269 companies for Cyclically Adjusted PB Ratio. This puts Multibax PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Multibax PCL's value of 0.64 is 43.9% below this benchmark. Historically, Multibax PCL's own Cyclically Adjusted PB Ratio has ranged from 0.40 to 3.03 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.14, Multibax 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.14, based on 269 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. Multibax PCL's current Cyclically Adjusted PB Ratio of 0.64 is 43.9% 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 Multibax PCL and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Multibax PCL's current Cyclically Adjusted PB Ratio is 0.64, which is 57% below median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Multibax PCL stock overvalued right now?
Based on GuruFocus' analysis, Multibax PCL (BKK:MBAX) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.22, compared to a current price of ฿2.08 — trading 6.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.64, which is 57% below median its 10-year median of 1.48 and 43.9% below the Packaging & Containers industry median of 1.14. Multibax PCL's overall GF Score™ is 64/100 with 11 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 Multibax PCL (BKK:MBAX), the current Cyclically Adjusted PB Ratio is 0.64 as of Sep. 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 Multibax PCL (BKK:MBAX) Overvalued in 2026?

Based on GuruFocus' analysis, Multibax PCL stock appears to be undervalued. The current stock price of ฿2.08 is trading 6.3% below its estimated GF Value™ of ฿2.22. GuruFocus considers Multibax PCL to be Fairly Valued.

Key valuation signals for BKK:MBAX:

  • Cyclically Adjusted PB Ratio: 0.64 (57% below median its 10-year median of 1.48)
  • GF Value™: ฿2.22 vs. price of ฿2.08 (6.3% below fair value)
  • GF Score™: 64/100 with 11 warning signs
  • Industry Position: 43.9% below the Packaging & Containers median (#87 of 269)

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


Multibax PCL Business Description

Address 211 Moo 3, Tambon Toong Sukha, Amphur Sri-racha, Chonburi, THA, 20230
Multibax PCL is engaged in the manufacturing and distribution of polymer bags. Products of the company includes food bags, garbage bags, bioplastic bags, and environment friendly plastic bags. Geographically, the company operates in North America, Australia, Europe, Asia and other continents.
64GF Score

Get the complete analysis for BKK:MBAX

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

฿2.08
Price
฿2.22
GF Value