NFC PCL (BKK:NFC) Cyclically Adjusted PB Ratio: 0.98 (As of Aug. 11, 2026) — 87% Below Median

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BKK:NFC NFC PCL BKK:NFC
8 GF Score
Price ฿1.23
GF Value ฿3.56
! 5 Warning Signs
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What is NFC PCL Cyclically Adjusted PB Ratio?

NFC PCL BKK:NFC 8 Cyclically Adjusted PB Ratio is 0.98 as of Aug. 11, 2026, which is 87% below its 10-year median of 7.73. GuruFocus rates BKK:NFC with a GF Score™ of 8/100 and a GF Value™ of ฿3.56. The stock has 5 warning signs investors should review.

As of today (2026-08-11), NFC PCL's current share price is ฿1.23. NFC PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿1.26. NFC PCL's Cyclically Adjusted PB Ratio for today is 0.98.

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

BKK:NFC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97   Med: 7.73   Max: 27.6
Current: 0.97

During the past years, NFC PCL's highest Cyclically Adjusted PB Ratio was 27.60. The lowest was 0.97. And the median was 7.73.

BKK:NFC's Cyclically Adjusted PB Ratio is not ranked
in the Agriculture industry.
Industry Median: 1.43 vs BKK:NFC: 0.97

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.

NFC PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿1.705. 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 ฿1.26 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NFC PCL  (BKK:NFC) 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.


NFC PCL Cyclically Adjusted PB Ratio Related Terms


NFC PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for NFC 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.

NFC PCL Cyclically Adjusted PB Ratio Chart

NFC 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 9.47 9.27 4.24 1.77 1.02

NFC 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 1.36 1.13 1.05 1.02 0.97

BKK:NFC vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, NFC 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.


NFC PCL Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, NFC PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:NFC
8GF Score
NFC PCL BKK:NFC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NFC 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.23/1.26
=0.98

* 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.

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

For example, NFC 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)
=1.705/330.2130*330.2130
=1.705

Current CPI (Mar. 2026) = 330.2130.

NFC PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.662 241.018 0.907
201609 0.723 241.428 0.989
201612 0.690 241.432 0.944
201703 0.732 243.801 0.991
201706 0.748 244.955 1.008
201709 0.765 246.819 1.023
201712 0.882 246.524 1.181
201803 0.907 249.554 1.200
201806 0.921 251.989 1.207
201809 0.933 252.439 1.220
201812 0.931 251.233 1.224
201903 0.936 254.202 1.216
201906 0.899 256.143 1.159
201909 0.856 256.759 1.101
201912 0.860 256.974 1.105
202003 0.846 258.115 1.082
202006 0.840 257.797 1.076
202009 0.844 260.280 1.071
202012 0.853 260.474 1.081
202103 0.861 264.877 1.073
202106 0.865 271.696 1.051
202109 0.869 274.310 1.046
202112 1.176 278.802 1.393
202203 1.185 287.504 1.361
202206 1.213 296.311 1.352
202209 1.253 296.808 1.394
202212 1.311 296.797 1.459
202303 1.328 301.836 1.453
202306 1.166 305.109 1.262
202309 1.189 307.789 1.276
202312 1.297 306.746 1.396
202403 1.307 312.332 1.382
202406 1.317 314.175 1.384
202409 1.336 315.301 1.399
202412 1.590 315.605 1.664
202503 1.602 319.799 1.654
202506 1.622 322.561 1.660
202509 1.643 324.800 1.670
202512 1.678 324.054 1.710
202603 1.705 330.213 1.705

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 0.98 mean?
NFC PCL (BKK:NFC) has a Cyclically Adjusted PB Ratio of 0.98 as of Aug. 11, 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 NFC PCL and its competitors. This is 87% below median its historical median of 7.73. Over the past decade, NFC PCL's Cyclically Adjusted PB Ratio has ranged from 0.97 to 27.60.
Is NFC PCL's Cyclically Adjusted PB Ratio too high?
NFC PCL's current Cyclically Adjusted PB Ratio of 0.98 is 87% below median its 10-year median of 7.73. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 27.60. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.43. NFC PCL's value of 0.98 is 31.5% below this industry median. Overall, NFC PCL has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does NFC PCL's Cyclically Adjusted PB Ratio compare to CTVA and CF?
NFC PCL's Cyclically Adjusted PB Ratio of 0.98 can be compared against companies in the Agriculture industry. The industry median Cyclically Adjusted PB Ratio is 1.43. NFC PCL's value of 0.98 is 31.5% below this benchmark. Historically, NFC PCL's own Cyclically Adjusted PB Ratio has ranged from 0.97 to 27.60 over the past decade. While the company's 10-year median is 7.73 vs. the industry median of 1.43, NFC 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 an Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.43, based on 189 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. NFC PCL's current Cyclically Adjusted PB Ratio of 0.98 is 31.5% 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 NFC PCL and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NFC PCL's current Cyclically Adjusted PB Ratio is 0.98, which is 87% below median its own 10-year median of 7.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NFC PCL stock overvalued right now?
NFC PCL (BKK:NFC) has a current Cyclically Adjusted PB Ratio of 0.98. The stock's GF Value™ is ฿3.56, compared to a current price of ฿1.23 — trading 65.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.98, which is 87% below median its 10-year median of 7.73 and 31.5% below the Agriculture industry median of 1.43. NFC PCL's overall GF Score™ is 8/100 with 5 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 NFC PCL (BKK:NFC), the current Cyclically Adjusted PB Ratio is 0.98 as of Aug. 11, 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 NFC PCL (BKK:NFC) Overvalued in 2026?

Based on GuruFocus' analysis, NFC PCL stock appears to be undervalued. The current stock price of ฿1.23 is trading 65.4% below its estimated GF Value™ of ฿3.56.

Key valuation signals for BKK:NFC:

  • Cyclically Adjusted PB Ratio: 0.98 (87% below median its 10-year median of 7.73)
  • GF Value™: ฿3.56 vs. price of ฿1.23 (65.4% below fair value)
  • GF Score™: 8/100 with 5 warning signs
  • Industry Position: 31.5% below the Agriculture median

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


NFC PCL Business Description

Address The Park Land Road, 88 SC Group Building, 3rd Floor, Bangna Nuea Sub -District, Bangna District, Bangkok, THA, 10260
NFC PCL core business activity is the sale of chemical products and the provision of other chemical related services. The Company also provides port and warehousing services, as well as logistics and liquid storage services. Its products and services include ammonia, ammonium hydroxide, sulfuric acid, warehousing services, logistics and liquid storage services, and port services. The Company operates through three reportable segments: Chemical, which generates the majority of the revenue; Service Fuel Tank Farm; and Port Service and Other.
8GF Score

Get the complete analysis for BKK:NFC

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

฿1.23
Price
฿3.56
GF Value