Siam Cement PCL (BKK:SCC) Cyclically Adjusted PB Ratio: 0.79 (As of Aug. 19, 2026) — 56% Below Median

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BKK:SCC Siam Cement PCL BKK:SCC
80 GF Score
Price ฿252.00
GF Value ฿231.62
Valuation Fairly Valued
! 9 Warning Signs
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What is Siam Cement PCL Cyclically Adjusted PB Ratio?

Siam Cement PCL BKK:SCC -0.79% 80 Cyclically Adjusted PB Ratio is 0.79 as of Aug. 19, 2026, which is 56% below its 10-year median of 1.79. GuruFocus rates BKK:SCC with a GF Score™ of 80/100 and a GF Value™ of ฿231.62 (Fairly Valued). The stock has 9 warning signs investors should review. Among 446 Conglomerates companies, Siam Cement PCL ranks better than 59.42% on this metric.

As of today (2026-08-19), Siam Cement PCL's current share price is ฿252.00. Siam Cement PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿317.97. Siam Cement PCL's Cyclically Adjusted PB Ratio for today is 0.79.

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

BKK:SCC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.79   Max: 4.23
Current: 0.79

During the past years, Siam Cement PCL's highest Cyclically Adjusted PB Ratio was 4.23. The lowest was 0.44. And the median was 1.79.

BKK:SCC's Cyclically Adjusted PB Ratio is ranked better than
59.42% of 446 companies
in the Conglomerates industry
Industry Median: 1.025 vs BKK:SCC: 0.79

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.

Siam Cement PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿302.026. 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 ฿317.97 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Siam Cement PCL  (BKK:SCC) 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.


Siam Cement PCL Cyclically Adjusted PB Ratio Related Terms


Siam Cement PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Siam Cement 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.

Siam Cement PCL Cyclically Adjusted PB Ratio Chart

Siam Cement 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 1.78 1.38 1.13 0.58 0.60

Siam Cement PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 0.56 0.75 0.60 0.66 0.77

BKK:SCC vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Siam Cement 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.


Siam Cement PCL Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Siam Cement PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:SCC
80GF Score
Siam Cement PCL BKK:SCC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Siam Cement 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=252.00/317.97
=0.79

* 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.

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

For example, Siam Cement 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)
=302.026/333.9520*333.9520
=302.026

Current CPI (Jun. 2026) = 333.9520.

Siam Cement PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 189.036 241.428 261.481
201612 200.019 241.432 276.669
201703 199.071 243.801 272.682
201706 209.770 244.955 285.984
201709 210.221 246.819 284.434
201712 217.581 246.524 294.745
201803 214.466 249.554 286.997
201806 226.465 251.989 300.126
201809 222.770 252.439 294.703
201812 230.914 251.233 306.943
201903 229.666 254.202 301.718
201906 232.055 256.143 302.547
201909 229.313 256.759 298.255
201912 233.513 256.974 303.463
202003 243.088 258.115 314.510
202006 247.071 257.797 320.057
202009 252.291 260.280 323.702
202012 267.477 260.474 342.931
202103 277.005 264.877 349.243
202106 293.315 271.696 360.525
202109 299.191 274.310 364.243
202112 304.742 278.802 365.023
202203 302.334 287.504 351.178
202206 319.567 296.311 360.162
202209 329.611 296.808 370.860
202212 311.879 296.797 350.922
202303 322.872 301.836 357.226
202306 317.393 305.109 347.397
202309 319.700 307.789 346.875
202312 303.301 306.746 330.201
202403 314.237 312.332 335.989
202406 316.397 314.175 336.314
202409 289.345 315.301 306.461
202412 294.073 315.605 311.168
202503 291.656 319.799 304.564
202506 299.352 322.561 309.923
202509 292.576 324.800 300.820
202512 281.419 324.054 290.015
202603 292.298 330.213 295.608
202606 302.026 333.952 302.026

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 0.79 mean?
Siam Cement PCL (BKK:SCC) has a Cyclically Adjusted PB Ratio of 0.79 as of Aug. 19, 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 Siam Cement PCL and its competitors. This is 56% below median its historical median of 1.79. Over the past decade, Siam Cement PCL's Cyclically Adjusted PB Ratio has ranged from 0.44 to 4.23. According to the industry distribution chart, Siam Cement PCL ranks #181 out of 446 companies in the Conglomerates industry, placing it in the top 40.6%.
Is Siam Cement PCL's Cyclically Adjusted PB Ratio too high?
Siam Cement PCL's current Cyclically Adjusted PB Ratio of 0.79 is 56% below median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 4.23. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.03. Siam Cement PCL's value of 0.79 is 22.9% below this industry median. Based on the distribution chart, Siam Cement PCL ranks #181 out of 446 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Siam Cement PCL has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Siam Cement PCL's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Siam Cement PCL ranks #181 out of 446 companies for Cyclically Adjusted PB Ratio. This puts Siam Cement PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.03. Siam Cement PCL's value of 0.79 is 22.9% below this benchmark. Historically, Siam Cement PCL's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 4.23 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 1.03, Siam Cement 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.03, based on 446 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. Siam Cement PCL's current Cyclically Adjusted PB Ratio of 0.79 is 22.9% 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 Siam Cement PCL and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam Cement PCL's current Cyclically Adjusted PB Ratio is 0.79, which is 56% below median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Cement PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Cement PCL (BKK:SCC) is currently considered Fairly Valued. The stock's GF Value™ is ฿231.62, compared to a current price of ฿252.00 — trading 8.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.79, which is 56% below median its 10-year median of 1.79 and 22.9% below the Conglomerates industry median of 1.03. Siam Cement PCL's overall GF Score™ is 80/100 with 9 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 Siam Cement PCL (BKK:SCC), the current Cyclically Adjusted PB Ratio is 0.79 as of Aug. 19, 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 Siam Cement PCL (BKK:SCC) Overvalued in 2026?

Based on GuruFocus' analysis, Siam Cement PCL stock appears to be overvalued. The current stock price of ฿252.00 is trading 8.8% above its estimated GF Value™ of ฿231.62. GuruFocus considers Siam Cement PCL to be Fairly Valued.

Key valuation signals for BKK:SCC:

  • Cyclically Adjusted PB Ratio: 0.79 (56% below median its 10-year median of 1.79)
  • GF Value™: ฿231.62 vs. price of ฿252.00 (8.8% above fair value)
  • GF Score™: 80/100 with 9 warning signs
  • Industry Position: 22.9% below the Conglomerates median (#181 of 446)

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


Siam Cement PCL Business Description

Address 1 Siam Cement Road, Bangsue, Bangkok, THA, 10800
Siam Cement PCL is a holding company which manufactures and sells a variety of building materials, chemicals, and packaging products. Its segment includes SCG Cement and Green Solutions Business, SCG Smart Living Business and SCG Distribution and Retail Business, SCG Decor (SCGD), Chemicals Business (SCGC), SCGP and Others. Its geographic segments include Thailand, Vietnam, Indonesia, and Others. It generates the majority of its revenue from Thailand.
80GF Score

Get the complete analysis for BKK:SCC

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

฿252.00
Price
฿231.62
GF Value