Mud & Hound PCL (BKK:MUD) Cyclically Adjusted PB Ratio: 0.33 (As of Jul. 30, 2026) — 11% Below Median

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BKK:MUD Mud & Hound PCL BKK:MUD
30 GF Score
Price ฿0.86
GF Value ฿0.89
Valuation Fairly Valued
! 6 Warning Signs
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What is Mud & Hound PCL Cyclically Adjusted PB Ratio?

Mud & Hound PCL BKK:MUD 30 Cyclically Adjusted PB Ratio is 0.33 as of Jul. 30, 2026, which is 11% below its 10-year median of 0.37. GuruFocus rates BKK:MUD with a GF Score™ of 30/100 and a GF Value™ of ฿0.89 (Fairly Valued). The stock has 6 warning signs investors should review. Among 255 Restaurants companies, Mud & Hound PCL ranks better than 87.06% on this metric.

As of today (2026-07-30), Mud & Hound PCL's current share price is ฿0.86. Mud & Hound PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿2.63. Mud & Hound PCL's Cyclically Adjusted PB Ratio for today is 0.33.

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

BKK:MUD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.37   Max: 0.54
Current: 0.34

During the past years, Mud & Hound PCL's highest Cyclically Adjusted PB Ratio was 0.54. The lowest was 0.15. And the median was 0.37.

BKK:MUD's Cyclically Adjusted PB Ratio is ranked better than
87.06% of 255 companies
in the Restaurants industry
Industry Median: 1.8 vs BKK:MUD: 0.34

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.

Mud & Hound PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿0.885. 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 ฿2.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mud & Hound PCL  (BKK:MUD) 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.


Mud & Hound PCL Cyclically Adjusted PB Ratio Related Terms


Mud & Hound PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mud & Hound 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.

Mud & Hound PCL Cyclically Adjusted PB Ratio Chart

Mud & Hound 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 0.00 0.00 0.00 0.50 0.27

Mud & Hound 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 0.44 0.43 0.34 0.27 0.27

BKK:MUD vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Mud & Hound 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.


Mud & Hound PCL Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Mud & Hound PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:MUD
30GF Score
Mud & Hound PCL BKK:MUD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mud & Hound 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.

Mud & Hound PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.86/2.63
=0.33

* 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.

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

For example, Mud & Hound 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)
=0.885/330.2130*330.2130
=0.885

Current CPI (Mar. 2026) = 330.2130.

Mud & Hound PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 2.361 241.428 3.229
201612 2.151 241.432 2.942
201703 2.132 243.801 2.888
201706 2.696 244.955 3.634
201709 2.706 246.819 3.620
201712 2.697 246.524 3.613
201803 2.689 249.554 3.558
201806 2.646 251.989 3.467
201809 2.658 252.439 3.477
201812 2.643 251.233 3.474
201903 2.632 254.202 3.419
201906 2.548 256.143 3.285
201909 2.550 256.759 3.280
201912 2.561 256.974 3.291
202003 2.503 258.115 3.202
202006 2.393 257.797 3.065
202009 2.399 260.280 3.044
202012 2.151 260.474 2.727
202103 2.119 264.877 2.642
202106 2.084 271.696 2.533
202109 2.028 274.310 2.441
202112 2.039 278.802 2.415
202203 2.021 287.504 2.321
202206 2.022 296.311 2.253
202209 2.043 296.808 2.273
202212 2.077 296.797 2.311
202303 2.074 301.836 2.269
202306 2.067 305.109 2.237
202309 2.064 307.789 2.214
202312 2.053 306.746 2.210
202403 2.016 312.332 2.131
202406 1.961 314.175 2.061
202409 1.905 315.301 1.995
202412 1.784 315.605 1.867
202503 1.738 319.799 1.795
202506 1.667 322.561 1.707
202509 1.459 324.800 1.483
202512 1.162 324.054 1.184
202603 0.885 330.213 0.885

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 0.33 mean?
Mud & Hound PCL (BKK:MUD) has a Cyclically Adjusted PB Ratio of 0.33 as of Jul. 30, 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 Mud & Hound PCL and its competitors. This is 11% below median its historical median of 0.37. Over the past decade, Mud & Hound PCL's Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.54. According to the industry distribution chart, Mud & Hound PCL ranks #33 out of 255 companies in the Restaurants industry, placing it in the top 12.9%.
Is Mud & Hound PCL's Cyclically Adjusted PB Ratio too high?
Mud & Hound PCL's current Cyclically Adjusted PB Ratio of 0.33 is 11% below median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.54. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.80. Mud & Hound PCL's value of 0.33 is 81.7% below this industry median. Based on the distribution chart, Mud & Hound PCL ranks #33 out of 255 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Mud & Hound PCL has a GF Score™ of 30/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mud & Hound PCL's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Mud & Hound PCL ranks #33 out of 255 companies for Cyclically Adjusted PB Ratio. This places Mud & Hound PCL in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.80. Mud & Hound PCL's value of 0.33 is 81.7% below this benchmark. Historically, Mud & Hound PCL's own Cyclically Adjusted PB Ratio has ranged from 0.15 to 0.54 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 1.80, Mud & Hound 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.80, based on 255 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. Mud & Hound PCL's current Cyclically Adjusted PB Ratio of 0.33 is 81.7% 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 Mud & Hound PCL and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mud & Hound PCL's current Cyclically Adjusted PB Ratio is 0.33, which is 11% below median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mud & Hound PCL stock overvalued right now?
Based on GuruFocus' analysis, Mud & Hound PCL (BKK:MUD) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.89, compared to a current price of ฿0.86 — trading 3.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.33, which is 11% below median its 10-year median of 0.37 and 81.7% below the Restaurants industry median of 1.80. Mud & Hound PCL's overall GF Score™ is 30/100 with 6 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 Mud & Hound PCL (BKK:MUD), the current Cyclically Adjusted PB Ratio is 0.33 as of Jul. 30, 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 Mud & Hound PCL (BKK:MUD) Overvalued in 2026?

Based on GuruFocus' analysis, Mud & Hound PCL stock appears to be undervalued. The current stock price of ฿0.86 is trading 3.4% below its estimated GF Value™ of ฿0.89. GuruFocus considers Mud & Hound PCL to be Fairly Valued.

Key valuation signals for BKK:MUD:

  • Cyclically Adjusted PB Ratio: 0.33 (11% below median its 10-year median of 0.37)
  • GF Value™: ฿0.89 vs. price of ฿0.86 (3.4% below fair value)
  • GF Score™: 30/100 with 6 warning signs
  • Industry Position: 81.7% below the Restaurants median (#33 of 255)

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


Mud & Hound PCL Business Description

Address 206, Soi Pattanakarn 20, Suan Luang, Suan Luang, Bangkok, THA, 10250
Mud & Hound PCL is a Thailand-based company principally engaged in investment holding, management services for related parties, and the distribution of food. The company operates in two segments: the food and beverage segment, which produces and distributes snacks and drinks and operates restaurants, and the garment segment, which produces and distributes clothing and leather goods. The company generates maximum revenue from the food and beverage segment. It operates in Thailand as well as overseas.
30GF Score

Get the complete analysis for BKK:MUD

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

฿0.86
Price
฿0.89
GF Value