N.D. Rubber PCL (BKK:NDR) Cyclically Adjusted PB Ratio: 0.66 (As of Aug. 14, 2026) — 20% Above Median

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BKK:NDR N.D. Rubber PCL BKK:NDR
61 GF Score
Price ฿1.77
GF Value ฿1.31
Valuation Significantly Overvalued
! 4 Warning Signs
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What is N.D. Rubber PCL Cyclically Adjusted PB Ratio?

N.D. Rubber PCL BKK:NDR +0.57% 61 Cyclically Adjusted PB Ratio is 0.66 as of Aug. 14, 2026, which is 20% above its 10-year median of 0.55. GuruFocus rates BKK:NDR with a GF Score™ of 61/100 and a GF Value™ of ฿1.31 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 982 Vehicles & Parts companies, N.D. Rubber PCL ranks better than 73.01% on this metric.

As of today (2026-08-14), N.D. Rubber PCL's current share price is ฿1.77. N.D. Rubber PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿2.69. N.D. Rubber PCL's Cyclically Adjusted PB Ratio for today is 0.66.

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

BKK:NDR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.55   Max: 1.56
Current: 0.64

During the past years, N.D. Rubber PCL's highest Cyclically Adjusted PB Ratio was 1.56. The lowest was 0.39. And the median was 0.55.

BKK:NDR's Cyclically Adjusted PB Ratio is ranked better than
73.01% of 982 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs BKK:NDR: 0.64

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.

N.D. Rubber PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿2.167. 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 ฿2.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


N.D. Rubber PCL  (BKK:NDR) 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.


N.D. Rubber PCL Cyclically Adjusted PB Ratio Related Terms


N.D. Rubber PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for N.D. Rubber 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.

N.D. Rubber PCL Cyclically Adjusted PB Ratio Chart

N.D. Rubber 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 0.47 0.71 0.50

N.D. Rubber 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 0.49 0.44 0.46 0.50 0.44

BKK:NDR vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, N.D. Rubber 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.


N.D. Rubber PCL Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, N.D. Rubber PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:NDR
61GF Score
N.D. Rubber PCL BKK:NDR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

N.D. Rubber 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.

N.D. Rubber PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.77/2.69
=0.66

* 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.

N.D. Rubber PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, N.D. Rubber 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)
=2.167/330.2130*330.2130
=2.167

Current CPI (Mar. 2026) = 330.2130.

N.D. Rubber PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.822 241.018 2.496
201609 1.905 241.428 2.606
201612 1.974 241.432 2.700
201703 1.937 243.801 2.624
201706 1.957 244.955 2.638
201709 1.964 246.819 2.628
201712 1.960 246.524 2.625
201803 2.221 249.554 2.939
201806 2.318 251.989 3.038
201809 2.320 252.439 3.035
201812 2.416 251.233 3.176
201903 2.368 254.202 3.076
201906 2.315 256.143 2.984
201909 2.287 256.759 2.941
201912 2.225 256.974 2.859
202003 2.290 258.115 2.930
202006 2.255 257.797 2.888
202009 2.366 260.280 3.002
202012 2.385 260.474 3.024
202103 2.415 264.877 3.011
202106 2.492 271.696 3.029
202109 2.575 274.310 3.100
202112 2.614 278.802 3.096
202203 2.559 287.504 2.939
202206 2.598 296.311 2.895
202209 2.592 296.808 2.884
202212 2.444 296.797 2.719
202303 2.389 301.836 2.614
202306 2.257 305.109 2.443
202309 2.195 307.789 2.355
202312 2.166 306.746 2.332
202403 2.217 312.332 2.344
202406 2.193 314.175 2.305
202409 2.149 315.301 2.251
202412 2.070 315.605 2.166
202503 2.079 319.799 2.147
202506 2.095 322.561 2.145
202509 2.091 324.800 2.126
202512 2.146 324.054 2.187
202603 2.167 330.213 2.167

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 0.66 mean?
N.D. Rubber PCL (BKK:NDR) has a Cyclically Adjusted PB Ratio of 0.66 as of Aug. 14, 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 N.D. Rubber PCL and its competitors. This is 20% above median its historical median of 0.55. Over the past decade, N.D. Rubber PCL's Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.56. According to the industry distribution chart, N.D. Rubber PCL ranks #265 out of 982 companies in the Vehicles & Parts industry, placing it in the top 27%.
Is N.D. Rubber PCL's Cyclically Adjusted PB Ratio too high?
N.D. Rubber PCL's current Cyclically Adjusted PB Ratio of 0.66 is 20% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.56. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. N.D. Rubber PCL's value of 0.66 is 47.6% below this industry median. Based on the distribution chart, N.D. Rubber PCL ranks #265 out of 982 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, N.D. Rubber PCL has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does N.D. Rubber PCL's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, N.D. Rubber PCL ranks #265 out of 982 companies for Cyclically Adjusted PB Ratio. This puts N.D. Rubber PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. N.D. Rubber PCL's value of 0.66 is 47.6% below this benchmark. Historically, N.D. Rubber PCL's own Cyclically Adjusted PB Ratio has ranged from 0.39 to 1.56 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 1.26, N.D. Rubber 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 982 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. N.D. Rubber PCL's current Cyclically Adjusted PB Ratio of 0.66 is 47.6% 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 N.D. Rubber PCL and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. N.D. Rubber PCL's current Cyclically Adjusted PB Ratio is 0.66, which is 20% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is N.D. Rubber PCL stock overvalued right now?
Based on GuruFocus' analysis, N.D. Rubber PCL (BKK:NDR) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.31, compared to a current price of ฿1.77 — trading 35.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.66, which is 20% above median its 10-year median of 0.55 and 47.6% below the Vehicles & Parts industry median of 1.26. N.D. Rubber PCL's overall GF Score™ is 61/100 with 4 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 N.D. Rubber PCL (BKK:NDR), the current Cyclically Adjusted PB Ratio is 0.66 as of Aug. 14, 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 N.D. Rubber PCL (BKK:NDR) Overvalued in 2026?

Based on GuruFocus' analysis, N.D. Rubber PCL stock appears to be overvalued. The current stock price of ฿1.77 is trading 35.1% above its estimated GF Value™ of ฿1.31. GuruFocus considers N.D. Rubber PCL to be Significantly Overvalued.

Key valuation signals for BKK:NDR:

  • Cyclically Adjusted PB Ratio: 0.66 (20% above median its 10-year median of 0.55)
  • GF Value™: ฿1.31 vs. price of ฿1.77 (35.1% above fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 47.6% below the Vehicles & Parts median (#265 of 982)

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


N.D. Rubber PCL Business Description

Address 129 Moo 3, Nongsak-Phanasnikom Road, Nongeiroon Sub-district, Banbueng, Chonburi, THA, 20220
N.D. Rubber PCL is engaged in the manufacturing and distribution of tyres, tubes, and batteries for motorcycles and automobiles. It offers Tyres and Tubes for motorcycles, Bicycle batteries, Rubber parts, Shoes, Lube oil, and synthetic, producing and distributing electricity from the solar energy. The company derives revenue from the sales made in Thailand and the overseas market. It generates a majority of revenue from the sales of Tyres.
61GF Score

Get the complete analysis for BKK:NDR

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

฿1.77
Price
฿1.31
GF Value