Nation Group (Thailand) PCL (BKK:NATION) Cyclically Adjusted PB Ratio: 0.50 (As of Jul. 27, 2026) — 61% Above Median

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What is Nation Group (Thailand) PCL Cyclically Adjusted PB Ratio?

Nation Group (Thailand) PCL BKK:NATION Cyclically Adjusted PB Ratio is 0.50 as of Jul. 27, 2026, which is 61% above its 10-year median of 0.31. The stock has 7 warning signs investors should review. Among 711 Media - Diversified companies, Nation Group (Thailand) PCL ranks better than 73.7% on this metric.

As of today (2026-07-27), Nation Group (Thailand) PCL's current share price is ฿0.04. Nation Group (Thailand) PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿0.08. Nation Group (Thailand) PCL's Cyclically Adjusted PB Ratio for today is 0.50.

The historical rank and industry rank for Nation Group (Thailand) PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:NATION' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.31   Max: 0.74
Current: 0.48

During the past years, Nation Group (Thailand) PCL's highest Cyclically Adjusted PB Ratio was 0.74. The lowest was 0.10. And the median was 0.31.

BKK:NATION's Cyclically Adjusted PB Ratio is ranked better than
73.7% of 711 companies
in the Media - Diversified industry
Industry Median: 0.97 vs BKK:NATION: 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.

Nation Group (Thailand) PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿0.004. 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 ฿0.08 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nation Group (Thailand) PCL  (BKK:NATION) 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.


Nation Group (Thailand) PCL Cyclically Adjusted PB Ratio Related Terms


Nation Group (Thailand) PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nation Group (Thailand) 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.

Nation Group (Thailand) PCL Cyclically Adjusted PB Ratio Chart

Nation Group (Thailand) 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 0.42 0.21 0.23 0.30

Nation Group (Thailand) 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 0.13 0.22 0.26 0.30 0.60

BKK:NATION vs NYT, WLY: Cyclically Adjusted PB Ratio Comparison

For the Publishing subindustry, Nation Group (Thailand) 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.


Nation Group (Thailand) PCL Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Nation Group (Thailand) PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nation Group (Thailand) PCL's Cyclically Adjusted PB Ratio falls into.



Nation Group (Thailand) 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.

Nation Group (Thailand) PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.04/0.08
=0.50

* 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.

Nation Group (Thailand) PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Nation Group (Thailand) 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)
=0.004/330.2130*330.2130
=0.004

Current CPI (Mar. 2026) = 330.2130.

Nation Group (Thailand) PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.445 241.018 0.610
201609 0.408 241.428 0.558
201612 0.258 241.432 0.353
201703 0.314 243.801 0.425
201706 0.281 244.955 0.379
201709 0.072 246.819 0.096
201712 0.001 246.524 0.001
201803 -0.015 249.554 -0.020
201806 -0.032 251.989 -0.042
201809 -0.044 252.439 -0.058
201812 0.031 251.233 0.041
201903 0.017 254.202 0.022
201906 0.039 256.143 0.050
201909 0.049 256.759 0.063
201912 0.031 256.974 0.040
202003 0.021 258.115 0.027
202006 0.017 257.797 0.022
202009 0.014 260.280 0.018
202012 0.014 260.474 0.018
202103 0.005 264.877 0.006
202106 0.001 271.696 0.001
202109 -0.003 274.310 -0.004
202112 0.000 278.802 0.000
202203 -0.009 287.504 -0.010
202206 0.069 296.311 0.077
202209 0.057 296.808 0.063
202212 0.055 296.797 0.061
202303 0.092 301.836 0.101
202306 0.087 305.109 0.094
202309 0.081 307.789 0.087
202312 0.071 306.746 0.076
202403 0.062 312.332 0.066
202406 0.029 314.175 0.030
202409 0.026 315.301 0.027
202412 0.003 315.605 0.003
202503 -0.004 319.799 -0.004
202506 -0.008 322.561 -0.008
202509 -0.010 324.800 -0.010
202512 0.006 324.054 0.006
202603 0.004 330.213 0.004

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 0.50 mean?
Nation Group (Thailand) PCL (BKK:NATION) has a Cyclically Adjusted PB Ratio of 0.50 as of Jul. 27, 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 Nation Group (Thailand) PCL and its competitors. This is 61% above median its historical median of 0.31. Over the past decade, Nation Group (Thailand) PCL's Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.74. According to the industry distribution chart, Nation Group (Thailand) PCL ranks #187 out of 711 companies in the Media - Diversified industry, placing it in the top 26.3%.
Is Nation Group (Thailand) PCL's Cyclically Adjusted PB Ratio too high?
Nation Group (Thailand) PCL's current Cyclically Adjusted PB Ratio of 0.50 is 61% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.74. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.97. Nation Group (Thailand) PCL's value of 0.50 is 48.5% below this industry median. Based on the distribution chart, Nation Group (Thailand) PCL ranks #187 out of 711 companies in the Media - Diversified industry, which is above the industry midpoint.
How does Nation Group (Thailand) PCL's Cyclically Adjusted PB Ratio compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Nation Group (Thailand) PCL ranks #187 out of 711 companies for Cyclically Adjusted PB Ratio. This puts Nation Group (Thailand) PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Nation Group (Thailand) PCL's value of 0.50 is 48.5% below this benchmark. Historically, Nation Group (Thailand) PCL's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 0.74 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.97, Nation Group (Thailand) 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.97, based on 711 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. Nation Group (Thailand) PCL's current Cyclically Adjusted PB Ratio of 0.50 is 48.5% 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 Nation Group (Thailand) PCL and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nation Group (Thailand) PCL's current Cyclically Adjusted PB Ratio is 0.50, which is 61% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nation Group (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, Nation Group (Thailand) PCL (BKK:NATION) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.03, compared to a current price of ฿0.04 — trading 33.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.50, which is 61% above median its 10-year median of 0.31 and 48.5% below the Media - Diversified industry median of 0.97. 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 Nation Group (Thailand) PCL (BKK:NATION), the current Cyclically Adjusted PB Ratio is 0.50 as of Jul. 27, 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.

Nation Group (Thailand) PCL Business Description

Address Debaratna Road, 1854, 9th, 10th and 11th Floors, Bangna-Tai, Bangna, Bangkok, THA, 10260
Nation Group (Thailand) PCL is a Thailand-based company. The company is engaged in the publishing and distribution of newspapers and providing advertising and news services and others. Its operating segment includes Publishing and advertising and related online and event; Broadcasting and related online and event; Online media and related event; and Others, which represents sale of food and beverages. The company generates maximum revenue from Publishing and advertising and related online and event segment. The company has five business groups: Publishing Group; Television Business Group; Event Marketing; New Media Platforms; and Business to Consumer (B2C) Group. The group principally operates in Thailand.