SGF Capital PCL (BKK:SGF) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:SGF SGF Capital PCL BKK:SGF
38 GF Score
Price ฿0.15
GF Value ฿0.15
Valuation Fairly Valued
! 4 Warning Signs
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What is SGF Capital PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


SGF Capital PCL  (BKK:SGF) 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.


SGF Capital PCL Cyclically Adjusted PB Ratio Related Terms


SGF Capital PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for SGF Capital 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.

SGF Capital PCL Cyclically Adjusted PB Ratio Chart

SGF Capital 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 1.01 0.59 0.31 0.15 0.11

SGF Capital 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 0.10 0.15 0.11 0.09 0.09

BKK:SGF vs V, MA, AXP: Cyclically Adjusted PB Ratio Comparison

For the Credit Services subindustry, SGF Capital 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.


SGF Capital PCL Cyclically Adjusted PB Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, SGF Capital PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:SGF
38GF Score
SGF Capital PCL BKK:SGF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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SGF Capital 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.

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

For example, SGF Capital 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)
=1.065/333.9520*333.9520
=1.065

Current CPI (Jun. 2026) = 333.9520.

SGF Capital PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.109 241.428 1.534
201612 1.148 241.432 1.588
201703 1.160 243.801 1.589
201706 1.083 244.955 1.476
201709 1.178 246.819 1.594
201712 1.173 246.524 1.589
201803 1.208 249.554 1.617
201806 1.285 251.989 1.703
201809 1.299 252.439 1.718
201812 1.315 251.233 1.748
201903 1.318 254.202 1.731
201906 1.374 256.143 1.791
201909 1.381 256.759 1.796
201912 1.358 256.974 1.765
202003 1.261 258.115 1.631
202006 1.235 257.797 1.600
202009 1.264 260.280 1.622
202012 1.284 260.474 1.646
202103 1.302 264.877 1.642
202106 1.311 271.696 1.611
202109 1.322 274.310 1.609
202112 1.329 278.802 1.592
202203 1.337 287.504 1.553
202206 1.353 296.311 1.525
202209 1.360 296.808 1.530
202212 1.361 296.797 1.531
202303 1.368 301.836 1.514
202306 1.361 305.109 1.490
202309 1.347 307.789 1.461
202312 1.335 306.746 1.453
202403 1.316 312.332 1.407
202406 1.289 314.175 1.370
202409 1.249 315.301 1.323
202412 1.205 315.605 1.275
202503 1.188 319.799 1.241
202506 1.125 322.561 1.165
202509 1.114 324.800 1.145
202512 1.078 324.054 1.111
202603 1.078 330.213 1.090
202606 1.065 333.952 1.065

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 SGF Capital PCL (BKK:SGF) Overvalued in 2026?

Based on GuruFocus' analysis, SGF Capital PCL stock appears to be undervalued. The current stock price of ฿0.15 is trading 0% below its estimated GF Value™ of ฿0.15. GuruFocus considers SGF Capital PCL to be Fairly Valued.

Key valuation signals for BKK:SGF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿0.15 vs. price of ฿0.15 (0% below fair value)
  • GF Score™: 38/100 with 4 warning signs

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


SGF Capital PCL Business Description

Address Vibhavadi Rangsit Road, 89/1 3 rd floor Kasemsap Building, Chom Phon, Chatuchak Distinct, Bangkok, THA, 10900
SGF Capital PCL provides funds in the form of hire purchase, leasing, and car for cash and loans, which comprise mortgage loans, loans, and personal loans. Its segments include Hire purchase, leasing, and car for cash segment, and the loan segment, with the majority of the revenue derived from the Hire purchase, leasing, and car for cash segment.
38GF Score

Get the complete analysis for BKK:SGF

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

฿0.15
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