Siam Steel International PCL (BKK:SIAM) Cyclically Adjusted PB Ratio: 0.16 (As of Aug. 01, 2026) — 48% Below Median

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BKK:SIAM Siam Steel International PCL BKK:SIAM
43 GF Score
Price ฿0.78
GF Value ฿0.67
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Siam Steel International PCL Cyclically Adjusted PB Ratio?

Siam Steel International PCL BKK:SIAM +1.30% 43 Cyclically Adjusted PB Ratio is 0.16 as of Aug. 01, 2026, which is 48% below its 10-year median of 0.31. GuruFocus rates BKK:SIAM with a GF Score™ of 43/100 and a GF Value™ of ฿0.67 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 335 Furnishings, Fixtures & Appliances companies, Siam Steel International PCL ranks better than 94.03% on this metric.

As of today (2026-08-01), Siam Steel International PCL's current share price is ฿0.78. Siam Steel International PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿5.00. Siam Steel International PCL's Cyclically Adjusted PB Ratio for today is 0.16.

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

BKK:SIAM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.31   Max: 0.57
Current: 0.16

During the past years, Siam Steel International PCL's highest Cyclically Adjusted PB Ratio was 0.57. The lowest was 0.12. And the median was 0.31.

BKK:SIAM's Cyclically Adjusted PB Ratio is ranked better than
94.03% of 335 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.2 vs BKK:SIAM: 0.16

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 Steel International PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿4.274. 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 ฿5.00 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Siam Steel International PCL  (BKK:SIAM) 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 Steel International PCL Cyclically Adjusted PB Ratio Related Terms


Siam Steel International PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Siam Steel International 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 Steel International PCL Cyclically Adjusted PB Ratio Chart

Siam Steel International 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 0.42 0.39 0.29 0.21 0.15

Siam Steel International 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 0.15 0.14 0.19 0.15 0.14

BKK:SIAM vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Siam Steel International 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 Steel International PCL Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Siam Steel International PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:SIAM
43GF Score
Siam Steel International PCL BKK:SIAM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.78/5.00
=0.16

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

For example, Siam Steel International 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)
=4.274/330.2130*330.2130
=4.274

Current CPI (Mar. 2026) = 330.2130.

Siam Steel International PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.831 241.018 5.249
201609 3.833 241.428 5.243
201612 3.859 241.432 5.278
201703 3.871 243.801 5.243
201706 3.781 244.955 5.097
201709 3.731 246.819 4.992
201712 3.785 246.524 5.070
201803 3.809 249.554 5.040
201806 3.834 251.989 5.024
201809 3.873 252.439 5.066
201812 4.194 251.233 5.512
201903 4.236 254.202 5.503
201906 4.236 256.143 5.461
201909 4.272 256.759 5.494
201912 4.183 256.974 5.375
202003 4.212 258.115 5.389
202006 4.237 257.797 5.427
202009 4.092 260.280 5.191
202012 4.467 260.474 5.663
202103 4.479 264.877 5.584
202106 4.403 271.696 5.351
202109 4.421 274.310 5.322
202112 4.421 278.802 5.236
202203 4.451 287.504 5.112
202206 4.398 296.311 4.901
202209 4.395 296.808 4.890
202212 4.343 296.797 4.832
202303 4.366 301.836 4.776
202306 4.372 305.109 4.732
202309 4.404 307.789 4.725
202312 4.369 306.746 4.703
202403 4.313 312.332 4.560
202406 4.200 314.175 4.414
202409 4.216 315.301 4.415
202412 4.220 315.605 4.415
202503 4.217 319.799 4.354
202506 4.239 322.561 4.340
202509 4.252 324.800 4.323
202512 4.261 324.054 4.342
202603 4.274 330.213 4.274

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 0.16 mean?
Siam Steel International PCL (BKK:SIAM) has a Cyclically Adjusted PB Ratio of 0.16 as of Aug. 01, 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 Steel International PCL and its competitors. This is 48% below median its historical median of 0.31. Over the past decade, Siam Steel International PCL's Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.57. According to the industry distribution chart, Siam Steel International PCL ranks #20 out of 335 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 6%.
Is Siam Steel International PCL's Cyclically Adjusted PB Ratio too high?
Siam Steel International PCL's current Cyclically Adjusted PB Ratio of 0.16 is 48% below median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.57. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.20. Siam Steel International PCL's value of 0.16 is 86.7% below this industry median. Based on the distribution chart, Siam Steel International PCL ranks #20 out of 335 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Siam Steel International PCL has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Siam Steel International PCL's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Siam Steel International PCL ranks #20 out of 335 companies for Cyclically Adjusted PB Ratio. This places Siam Steel International PCL in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.20. Siam Steel International PCL's value of 0.16 is 86.7% below this benchmark. Historically, Siam Steel International PCL's own Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.57 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 1.20, Siam Steel International 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.20, based on 335 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 Steel International PCL's current Cyclically Adjusted PB Ratio of 0.16 is 86.7% 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 Steel International PCL and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam Steel International PCL's current Cyclically Adjusted PB Ratio is 0.16, which is 48% below median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam Steel International PCL stock overvalued right now?
Based on GuruFocus' analysis, Siam Steel International PCL (BKK:SIAM) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.67, compared to a current price of ฿0.78 — trading 16.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.16, which is 48% below median its 10-year median of 0.31 and 86.7% below the Furnishings, Fixtures & Appliances industry median of 1.20. Siam Steel International PCL's overall GF Score™ is 43/100 with 3 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 Steel International PCL (BKK:SIAM), the current Cyclically Adjusted PB Ratio is 0.16 as of Aug. 01, 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 Steel International PCL (BKK:SIAM) Overvalued in 2026?

Based on GuruFocus' analysis, Siam Steel International PCL stock appears to be overvalued. The current stock price of ฿0.78 is trading 16.4% above its estimated GF Value™ of ฿0.67. GuruFocus considers Siam Steel International PCL to be Modestly Overvalued.

Key valuation signals for BKK:SIAM:

  • Cyclically Adjusted PB Ratio: 0.16 (48% below median its 10-year median of 0.31)
  • GF Value™: ฿0.67 vs. price of ฿0.78 (16.4% above fair value)
  • GF Score™: 43/100 with 3 warning signs
  • Industry Position: 86.7% below the Furnishings, Fixtures & Appliances median (#20 of 335)

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


Siam Steel International PCL Business Description

Address 51 Moo 2, Poochao Road, Bangyaprak, Phrapradaeng, Samuthprakarn, THA, 10130
Siam Steel International PCL is engaged in the manufacturing and sales of steel office equipment and furniture parts, construction services and alternative energy sector. The company manufactures and sells steel furniture under the brands LUCKY KINGDOM, OKAMURA, CHITOSE, and PILOT, and wooden furniture, including freestanding and built-in products, under the KINGDOM brand. It also provides interior design services for office and residential spaces, and manufactures and sells prefabricated buildings under the LUCKY Hi-Tech Building System brand. Its business segments are manufacturing and sales and of furniture, construction services and alternative energy sector. The majority of the company's revenue is generated from the Furniture segment. Geographically, it operates only in Thailand.
43GF Score

Get the complete analysis for BKK:SIAM

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

฿0.78
Price
฿0.67
GF Value