Solartron PCL (BKK:SOLAR) Cyclically Adjusted PB Ratio: 0.16 (As of Aug. 22, 2026) — 63% Below Median

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BKK:SOLAR Solartron PCL BKK:SOLAR
25 GF Score
Price ฿0.23
GF Value ฿1.01
Valuation Possible Value Trap
! 4 Warning Signs
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What is Solartron PCL Cyclically Adjusted PB Ratio?

Solartron PCL BKK:SOLAR +4.55% 25 Cyclically Adjusted PB Ratio is 0.16 as of Aug. 22, 2026, which is 63% below its 10-year median of 0.43. GuruFocus rates BKK:SOLAR with a GF Score™ of 25/100 and a GF Value™ of ฿1.01 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 725 Semiconductors companies, Solartron PCL ranks better than 98.21% on this metric.

As of today (2026-08-22), Solartron PCL's current share price is ฿0.23. Solartron PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿1.40. Solartron PCL's Cyclically Adjusted PB Ratio for today is 0.16.

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

BKK:SOLAR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.43   Max: 1.01
Current: 0.16

During the past years, Solartron PCL's highest Cyclically Adjusted PB Ratio was 1.01. The lowest was 0.10. And the median was 0.43.

BKK:SOLAR's Cyclically Adjusted PB Ratio is ranked better than
98.21% of 725 companies
in the Semiconductors industry
Industry Median: 3.18 vs BKK:SOLAR: 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.

Solartron PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿0.180. 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 ฿1.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Solartron PCL  (BKK:SOLAR) 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.


Solartron PCL Cyclically Adjusted PB Ratio Related Terms


Solartron PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Solartron 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.

Solartron PCL Cyclically Adjusted PB Ratio Chart

Solartron 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 0.74 0.45 0.36 0.24 0.14

Solartron 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 0.12 0.23 0.25 0.14 0.23

BKK:SOLAR vs FSLR, NXT, ENPH: Cyclically Adjusted PB Ratio Comparison

For the Solar subindustry, Solartron 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.


Solartron PCL Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Solartron PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:SOLAR
25GF Score
Solartron PCL BKK:SOLAR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solartron 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.23/1.40
=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.

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

For example, Solartron 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)
=0.18/330.2130*330.2130
=0.180

Current CPI (Mar. 2026) = 330.2130.

Solartron PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.520 241.018 3.453
201609 2.507 241.428 3.429
201612 2.442 241.432 3.340
201703 2.369 243.801 3.209
201706 2.268 244.955 3.057
201709 2.143 246.819 2.867
201712 2.205 246.524 2.954
201803 2.106 249.554 2.787
201806 1.995 251.989 2.614
201809 1.850 252.439 2.420
201812 1.737 251.233 2.283
201903 1.582 254.202 2.055
201906 1.449 256.143 1.868
201909 1.305 256.759 1.678
201912 1.189 256.974 1.528
202003 1.105 258.115 1.414
202006 1.043 257.797 1.336
202009 0.981 260.280 1.245
202012 0.523 260.474 0.663
202103 0.451 264.877 0.562
202106 0.380 271.696 0.462
202109 0.286 274.310 0.344
202112 0.631 278.802 0.747
202203 0.593 287.504 0.681
202206 0.552 296.311 0.615
202209 0.505 296.808 0.562
202212 0.478 296.797 0.532
202303 0.614 301.836 0.672
202306 0.639 305.109 0.692
202309 0.644 307.789 0.691
202312 0.652 306.746 0.702
202403 0.638 312.332 0.675
202406 0.606 314.175 0.637
202409 0.669 315.301 0.701
202412 0.638 315.605 0.668
202503 0.576 319.799 0.595
202506 0.533 322.561 0.546
202509 0.498 324.800 0.506
202512 0.209 324.054 0.213
202603 0.180 330.213 0.180

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?
Solartron PCL (BKK:SOLAR) has a Cyclically Adjusted PB Ratio of 0.16 as of Aug. 22, 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 Solartron PCL and its competitors. This is 63% below median its historical median of 0.43. Over the past decade, Solartron PCL's Cyclically Adjusted PB Ratio has ranged from 0.10 to 1.01. According to the industry distribution chart, Solartron PCL ranks #13 out of 725 companies in the Semiconductors industry, placing it in the top 1.8%.
Is Solartron PCL's Cyclically Adjusted PB Ratio too high?
Solartron PCL's current Cyclically Adjusted PB Ratio of 0.16 is 63% below median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 1.01. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.18. Solartron PCL's value of 0.16 is 95% below this industry median. Based on the distribution chart, Solartron PCL ranks #13 out of 725 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Solartron PCL has a GF Score™ of 25/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solartron PCL's Cyclically Adjusted PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Solartron PCL ranks #13 out of 725 companies for Cyclically Adjusted PB Ratio. This places Solartron PCL in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.18. Solartron PCL's value of 0.16 is 95% below this benchmark. Historically, Solartron PCL's own Cyclically Adjusted PB Ratio has ranged from 0.10 to 1.01 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 3.18, Solartron 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.18, based on 725 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. Solartron PCL's current Cyclically Adjusted PB Ratio of 0.16 is 95% 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 Solartron PCL and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solartron PCL's current Cyclically Adjusted PB Ratio is 0.16, which is 63% below median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solartron PCL stock overvalued right now?
Based on GuruFocus' analysis, Solartron PCL (BKK:SOLAR) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.01, compared to a current price of ฿0.23 — trading 77.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.16, which is 63% below median its 10-year median of 0.43 and 95% below the Semiconductors industry median of 3.18. Solartron PCL's overall GF Score™ is 25/100 with 4 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 Solartron PCL (BKK:SOLAR), the current Cyclically Adjusted PB Ratio is 0.16 as of Aug. 22, 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 Solartron PCL (BKK:SOLAR) Overvalued in 2026?

Based on GuruFocus' analysis, Solartron PCL stock appears to be undervalued. The current stock price of ฿0.23 is trading 77.2% below its estimated GF Value™ of ฿1.01. GuruFocus considers Solartron PCL to be Possible Value Trap.

Key valuation signals for BKK:SOLAR:

  • Cyclically Adjusted PB Ratio: 0.16 (63% below median its 10-year median of 0.43)
  • GF Value™: ฿1.01 vs. price of ฿0.23 (77.2% below fair value)
  • GF Score™: 25/100 with 4 warning signs
  • Industry Position: 95% below the Semiconductors median (#13 of 725)

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


Solartron PCL Business Description

Other Exchanges TUU:Germany
Address Intersection 2, 77/31, 32, 33 Soi Chaengwattana 15, Thung Song Hong, Lak Si, Bangkok, THA, 10210
Solartron PCL is a Thailand-based company. Together with its subsidiaries, the company is engaged in manufacturing and distribution, selling and installation of solar-cell systems and related equipment, and construction of solar power plants. It operates in the following segments: Selling and installation of solar-cell systems, Distribution of solar-cell, and Sale of electricity. The group derives the majority of its revenue from the Selling and installation of solar-cell systems.
25GF Score

Get the complete analysis for BKK:SOLAR

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

฿0.23
Price
฿1.01
GF Value