North East Rubber PCL (BKK:NER-R) Cyclically Adjusted PB Ratio: (As of Aug. 12, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:NER-R North East Rubber PCL BKK:NER-R
78 GF Score
Price ฿4.76
GF Value ฿5.69
! 6 Warning Signs
View Full Analysis

What is North East Rubber PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


North East Rubber PCL  (BKK:NER-R) 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.


North East Rubber PCL Cyclically Adjusted PB Ratio Related Terms


North East Rubber PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for North East 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.

North East Rubber PCL Cyclically Adjusted PB Ratio Chart

North East 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 2.44 1.85 1.47

North East Rubber PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.00 0.00 0.00 1.47 0.00

BKK:NER-R vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, North East 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.


North East Rubber PCL Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, North East Rubber PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:NER-R
78GF Score
North East Rubber PCL BKK:NER-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

North East 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.

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

For example, North East Rubber 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)
=5.367/333.9520*333.9520
=5.367

Current CPI (Jun. 2026) = 333.9520.

North East Rubber PCL Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.418 234.812 0.594
201512 0.358 236.525 0.505
201612 0.397 241.432 0.549
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 0.465 246.524 0.630
201803 0.000 249.554 0.000
201806 0.572 251.989 0.758
201809 0.651 252.439 0.861
201812 1.735 251.233 2.306
201903 1.801 254.202 2.366
201906 1.779 256.143 2.319
201909 1.875 256.759 2.439
201912 1.955 256.974 2.541
202003 1.994 258.115 2.580
202006 1.999 257.797 2.590
202009 2.098 260.280 2.692
202012 2.286 260.474 2.931
202103 2.513 264.877 3.168
202106 2.619 271.696 3.219
202109 2.816 274.310 3.428
202112 3.093 278.802 3.705
202203 3.360 287.504 3.903
202206 3.150 296.311 3.550
202209 3.366 296.808 3.787
202212 3.565 296.797 4.011
202303 3.736 301.836 4.134
202306 3.673 305.109 4.020
202309 3.792 307.789 4.114
202312 4.042 306.746 4.400
202403 4.287 312.332 4.584
202406 4.254 314.175 4.522
202409 4.399 315.301 4.659
202412 4.594 315.605 4.861
202503 4.923 319.799 5.141
202506 4.913 322.561 5.086
202509 5.040 324.800 5.182
202512 5.253 324.054 5.413
202606 5.367 333.952 5.367

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.

Is North East Rubber PCL (BKK:NER-R) Overvalued in 2026?

Based on GuruFocus' analysis, North East Rubber PCL stock appears to be undervalued. The current stock price of ฿4.76 is trading 16.3% below its estimated GF Value™ of ฿5.69.

Key valuation signals for BKK:NER-R:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿5.69 vs. price of ฿4.76 (16.3% below fair value)
  • GF Score™: 78/100 with 6 warning signs

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


North East Rubber PCL Business Description

Other Exchanges NER:Thailand
Address 398 Moo 4 Khok Ma, Prakhon Chai, Buriram Province, Bangkok, THA, 31140
North East Rubber PCL Company and its subsidiary have a single core operating segment (identified by internal reporting segments), i.e., manufacturing and sales of rubber smoked sheets, skim block rubbers, and other rubber products, both domestically and abroad. Geographically, the maximum revenue is generated from Thailand.
78GF Score

Get the complete analysis for BKK:NER-R

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

฿4.76
Price
฿5.69
GF Value