Surapon Foods PCL (BKK:SSF) Cyclically Adjusted PB Ratio: (As of Aug. 19, 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.
Reviewed by: Charlie Tian Charlie Tian
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:SSF Surapon Foods PCL BKK:SSF
64 GF Score
Price ฿5.00
GF Value ฿7.19
Valuation Possible Value Trap
! 5 Warning Signs
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What is Surapon Foods PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Surapon Foods PCL  (BKK:SSF) 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.


Surapon Foods PCL Cyclically Adjusted PB Ratio Related Terms


Surapon Foods PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Surapon Foods 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.

Surapon Foods PCL Cyclically Adjusted PB Ratio Chart

Surapon Foods 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 1.23 1.17 1.00 0.85 0.64

Surapon Foods 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 0.71 0.68 0.64 0.65 0.00

BKK:SSF vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Surapon Foods 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.


Surapon Foods PCL Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Surapon Foods PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:SSF
64GF Score
Surapon Foods PCL BKK:SSF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Surapon Foods 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.

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

For example, Surapon Foods 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)
=6.59/333.9520*333.9520
=6.590

Current CPI (Jun. 2026) = 333.9520.

Surapon Foods PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.695 241.428 9.261
201612 6.720 241.432 9.295
201703 6.815 243.801 9.335
201706 6.597 244.955 8.994
201709 6.618 246.819 8.954
201712 6.396 246.524 8.664
201803 6.266 249.554 8.385
201806 6.124 251.989 8.116
201809 6.051 252.439 8.005
201812 6.056 251.233 8.050
201903 6.117 254.202 8.036
201906 5.725 256.143 7.464
201909 5.819 256.759 7.568
201912 5.985 256.974 7.778
202003 5.729 258.115 7.412
202006 5.952 257.797 7.710
202009 6.121 260.280 7.854
202012 6.343 260.474 8.132
202103 6.494 264.877 8.188
202106 6.742 271.696 8.287
202109 6.963 274.310 8.477
202112 7.171 278.802 8.590
202203 7.273 287.504 8.448
202206 6.757 296.311 7.615
202209 6.930 296.808 7.797
202212 6.924 296.797 7.791
202303 7.028 301.836 7.776
202306 6.660 305.109 7.290
202309 6.791 307.789 7.368
202312 6.926 306.746 7.540
202403 7.055 312.332 7.543
202406 7.059 314.175 7.503
202409 7.227 315.301 7.654
202412 7.219 315.605 7.639
202503 7.342 319.799 7.667
202506 7.224 322.561 7.479
202509 7.353 324.800 7.560
202512 7.077 324.054 7.293
202603 7.143 330.213 7.224
202606 6.590 333.952 6.590

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 Surapon Foods PCL (BKK:SSF) Overvalued in 2026?

Based on GuruFocus' analysis, Surapon Foods PCL stock appears to be undervalued. The current stock price of ฿5.00 is trading 30.5% below its estimated GF Value™ of ฿7.19. GuruFocus considers Surapon Foods PCL to be Possible Value Trap.

Key valuation signals for BKK:SSF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿7.19 vs. price of ฿5.00 (30.5% below fair value)
  • GF Score™: 64/100 with 5 warning signs

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


Surapon Foods PCL Business Description

Address 247 Moo 1, Teparak Road, Amphur Muang, Tambon Teparak, Samutprakarn Province, Samutprakarn, THA, 10270
Surapon Foods PCL is the manufacturer and distributor of seafoods, finished and semi-finished frozen foods, including ready-to-cook and ready-to-eat. The group operates in two business segments: the manufacturing & distribution of seafood, and finished & semi-finished frozen foods; and Cold storage warehouse & logistic service. The diversity of its products includes the main ingredients (boiled shrimp, sushi shrimp, fish, squid), ready-to-eat (dim sum, deep-fried food, and processed chicken), as well as Halal products under the Farhana brand (dim sum and deep-fried food).
64GF Score

Get the complete analysis for BKK:SSF

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

฿5.00
Price
฿7.19
GF Value