S & P Syndicate PCL (BKK:SNP-R) Cyclically Adjusted PB Ratio: (As of Aug. 17, 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.
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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:SNP-R S & P Syndicate PCL BKK:SNP-R
65 GF Score
Price ฿9.45
GF Value ฿11.24
! 3 Warning Signs
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What is S & P Syndicate PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


S & P Syndicate PCL  (BKK:SNP-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.


S & P Syndicate PCL Cyclically Adjusted PB Ratio Related Terms


S & P Syndicate PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for S & P Syndicate 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.

S & P Syndicate PCL Cyclically Adjusted PB Ratio Chart

S & P Syndicate 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 3.05 3.27 2.89 1.92 1.67

S & P Syndicate 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 1.66 1.67 1.67 1.52 0.00

BKK:SNP-R vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, S & P Syndicate 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.


S & P Syndicate PCL Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, S & P Syndicate PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where S & P Syndicate PCL's Cyclically Adjusted PB Ratio falls into.


BKK:SNP-R
65GF Score
S & P Syndicate PCL BKK:SNP-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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S & P Syndicate 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.

S & P Syndicate PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, S & P Syndicate 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)
=4.648/333.9520*333.9520
=4.648

Current CPI (Jun. 2026) = 333.9520.

S & P Syndicate PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.586 241.428 6.344
201612 4.754 241.432 6.576
201703 4.931 243.801 6.754
201706 4.388 244.955 5.982
201709 4.611 246.819 6.239
201712 5.132 246.524 6.952
201803 5.301 249.554 7.094
201806 4.671 251.989 6.190
201809 4.910 252.439 6.495
201812 5.141 251.233 6.834
201903 5.297 254.202 6.959
201906 4.685 256.143 6.108
201909 4.907 256.759 6.382
201912 5.077 256.974 6.598
202003 4.952 258.115 6.407
202006 4.326 257.797 5.604
202009 4.626 260.280 5.935
202012 4.811 260.474 6.168
202103 4.976 264.877 6.274
202106 4.817 271.696 5.921
202109 4.965 274.310 6.045
202112 5.039 278.802 6.036
202203 5.207 287.504 6.048
202206 4.786 296.311 5.394
202209 4.998 296.808 5.623
202212 5.274 296.797 5.934
202303 5.477 301.836 6.060
202306 4.982 305.109 5.453
202309 5.050 307.789 5.479
202312 5.290 306.746 5.759
202403 5.472 312.332 5.851
202406 4.891 314.175 5.199
202409 5.011 315.301 5.307
202412 5.253 315.605 5.558
202503 5.323 319.799 5.559
202506 4.675 322.561 4.840
202509 4.780 324.800 4.915
202512 4.986 324.054 5.138
202603 5.068 330.213 5.125
202606 4.648 333.952 4.648

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 S & P Syndicate PCL (BKK:SNP-R) Overvalued in 2026?

Based on GuruFocus' analysis, S & P Syndicate PCL stock appears to be undervalued. The current stock price of ฿9.45 is trading 15.9% below its estimated GF Value™ of ฿11.24.

Key valuation signals for BKK:SNP-R:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿11.24 vs. price of ฿9.45 (15.9% below fair value)
  • GF Score™: 65/100 with 3 warning signs

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


S & P Syndicate PCL Business Description

Other Exchanges SNP:Thailand
Address New Petchburi Road, No 2034/100-103, 23 Floor, Italthai Tower, Bangkapi, Huaykwang, Bangkok, THA, 10310
S & P Syndicate PCL is engaged in the operations of a nationwide and international chain of restaurants and bakery shops, the production of bakery, frozen foods and other food products and food service-related businesses such as outside catering. Its products under Bakery include Pound Cake, Packaged Cake, Frozen Cake, Pastry, Sandwich and Bread, Cookies, Moon Cake, Thai Dessert, and Snack; Food Product include Thai Food, Frozen Quick Meal, Jelio Jelly, International Food, and Healthy Food; and Beverage Product include Coffee and Tea Bluecup, Drink Bottled Beverages, Fruit Juice, Fruit Juice (UHT), and Smoothie. Its segments include Domestic restaurants and bakery shops, Domestic Packaged food and bakery trading business, Overseas restaurants, and Others.
65GF Score

Get the complete analysis for BKK:SNP-R

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

฿9.45
Price
฿11.24
GF Value