Sub Sri Thai Real Estate Investment Trust (BKK:SSTRT) Cyclically Adjusted PB Ratio: 0.48 (As of Jul. 30, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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BKK:SSTRT Sub Sri Thai Real Estate Investment Trust BKK:SSTRT
79 GF Score
Price ฿4.68
GF Value ฿4.95
Valuation Fairly Valued
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What is Sub Sri Thai Real Estate Investment Trust Cyclically Adjusted PB Ratio?

Sub Sri Thai Real Estate Investment Trust BKK:SSTRT 79 Cyclically Adjusted PB Ratio is 0.48 as of Jul. 30, 2026, which is 9% above its 10-year median of 0.44. GuruFocus rates BKK:SSTRT with a GF Score™ of 79/100 and a GF Value™ of ฿4.95 (Fairly Valued). Among 554 REITs companies, Sub Sri Thai Real Estate Investment Trust ranks better than 77.8% on this metric.

As of today (2026-07-30), Sub Sri Thai Real Estate Investment Trust's current share price is ฿4.68. Sub Sri Thai Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿9.72. Sub Sri Thai Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is 0.48.

The historical rank and industry rank for Sub Sri Thai Real Estate Investment Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:SSTRT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.44   Max: 0.49
Current: 0.44

During the past years, Sub Sri Thai Real Estate Investment Trust's highest Cyclically Adjusted PB Ratio was 0.49. The lowest was 0.43. And the median was 0.44.

BKK:SSTRT's Cyclically Adjusted PB Ratio is ranked better than
77.8% of 554 companies
in the REITs industry
Industry Median: 0.81 vs BKK:SSTRT: 0.44

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.

Sub Sri Thai Real Estate Investment Trust's adjusted book value per share data for the three months ended in Mar. 2026 was ฿8.149. 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 ฿9.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sub Sri Thai Real Estate Investment Trust  (BKK:SSTRT) 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.


Sub Sri Thai Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms


Sub Sri Thai Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sub Sri Thai Real Estate Investment Trust'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.

Sub Sri Thai Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

Sub Sri Thai Real Estate Investment Trust 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 0.00 0.00 0.00 0.49 0.44

Sub Sri Thai Real Estate Investment Trust 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 0.49 0.43 0.44 0.44 0.44

BKK:SSTRT vs PLD, PSA, EXR: Cyclically Adjusted PB Ratio Comparison

For the REIT - Industrial subindustry, Sub Sri Thai Real Estate Investment Trust'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.


Sub Sri Thai Real Estate Investment Trust Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Sub Sri Thai Real Estate Investment Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sub Sri Thai Real Estate Investment Trust's Cyclically Adjusted PB Ratio falls into.


BKK:SSTRT
79GF Score
Sub Sri Thai Real Estate Investment Trust BKK:SSTRT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sub Sri Thai Real Estate Investment Trust 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.

Sub Sri Thai Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.68/9.72
=0.48

* 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.

Sub Sri Thai Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Sub Sri Thai Real Estate Investment Trust'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)
=8.149/330.2130*330.2130
=8.149

Current CPI (Mar. 2026) = 330.2130.

Sub Sri Thai Real Estate Investment Trust Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.450 241.018 14.317
201609 10.291 241.428 14.076
201612 10.473 241.432 14.324
201703 10.306 243.801 13.959
201706 10.504 244.955 14.160
201709 10.347 246.819 13.843
201712 7.715 246.524 10.334
201803 7.562 249.554 10.006
201806 7.705 251.989 10.097
201809 7.578 252.439 9.913
201812 7.719 251.233 10.146
201903 7.590 254.202 9.860
201906 7.699 256.143 9.925
201909 7.595 256.759 9.768
201912 7.839 256.974 10.073
202003 7.972 258.115 10.199
202006 8.082 257.797 10.352
202009 7.996 260.280 10.144
202012 8.132 260.474 10.309
202103 7.958 264.877 9.921
202106 8.056 271.696 9.791
202109 7.999 274.310 9.629
202112 8.144 278.802 9.646
202203 8.085 287.504 9.286
202206 8.191 296.311 9.128
202209 8.130 296.808 9.045
202212 7.786 296.797 8.663
202303 7.731 301.836 8.458
202306 7.893 305.109 8.542
202309 7.841 307.789 8.412
202312 7.991 306.746 8.602
202403 7.941 312.332 8.396
202406 7.975 314.175 8.382
202409 7.928 315.301 8.303
202412 8.081 315.605 8.455
202503 8.032 319.799 8.294
202506 8.084 322.561 8.276
202509 8.039 324.800 8.173
202512 8.195 324.054 8.351
202603 8.149 330.213 8.149

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 0.48 mean?
Sub Sri Thai Real Estate Investment Trust (BKK:SSTRT) has a Cyclically Adjusted PB Ratio of 0.48 as of Jul. 30, 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 Sub Sri Thai Real Estate Investment Trust and its competitors. This is near median its historical median of 0.44. Over the past decade, Sub Sri Thai Real Estate Investment Trust's Cyclically Adjusted PB Ratio has ranged from 0.43 to 0.49. According to the industry distribution chart, Sub Sri Thai Real Estate Investment Trust ranks #123 out of 554 companies in the REITs industry, placing it in the top 22.2%.
Is Sub Sri Thai Real Estate Investment Trust's Cyclically Adjusted PB Ratio too high?
Sub Sri Thai Real Estate Investment Trust's current Cyclically Adjusted PB Ratio of 0.48 is near median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.49. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Sub Sri Thai Real Estate Investment Trust's value of 0.48 is 40.7% below this industry median. Based on the distribution chart, Sub Sri Thai Real Estate Investment Trust ranks #123 out of 554 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Sub Sri Thai Real Estate Investment Trust has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sub Sri Thai Real Estate Investment Trust's Cyclically Adjusted PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Sub Sri Thai Real Estate Investment Trust ranks #123 out of 554 companies for Cyclically Adjusted PB Ratio. This places Sub Sri Thai Real Estate Investment Trust in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.81. Sub Sri Thai Real Estate Investment Trust's value of 0.48 is 40.7% below this benchmark. Historically, Sub Sri Thai Real Estate Investment Trust's own Cyclically Adjusted PB Ratio has ranged from 0.43 to 0.49 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.81, Sub Sri Thai Real Estate Investment Trust 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.81, based on 554 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. Sub Sri Thai Real Estate Investment Trust's current Cyclically Adjusted PB Ratio of 0.48 is 40.7% 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 Sub Sri Thai Real Estate Investment Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sub Sri Thai Real Estate Investment Trust's current Cyclically Adjusted PB Ratio is 0.48, which is near median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sub Sri Thai Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Sub Sri Thai Real Estate Investment Trust (BKK:SSTRT) is currently considered Fairly Valued. The stock's GF Value™ is ฿4.95, compared to a current price of ฿4.68 — trading 5.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.48, which is near median its 10-year median of 0.44 and 40.7% below the REITs industry median of 0.81. Sub Sri Thai Real Estate Investment Trust's overall GF Score™ is 79/100. 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 Sub Sri Thai Real Estate Investment Trust (BKK:SSTRT), the current Cyclically Adjusted PB Ratio is 0.48 as of Jul. 30, 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 Sub Sri Thai Real Estate Investment Trust (BKK:SSTRT) Overvalued in 2026?

Based on GuruFocus' analysis, Sub Sri Thai Real Estate Investment Trust stock appears to be undervalued. The current stock price of ฿4.68 is trading 5.5% below its estimated GF Value™ of ฿4.95. GuruFocus considers Sub Sri Thai Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for BKK:SSTRT:

  • Cyclically Adjusted PB Ratio: 0.48 (near median its 10-year median of 0.44)
  • GF Value™: ฿4.95 vs. price of ฿4.68 (5.5% below fair value)
  • GF Score™: 79/100
  • Industry Position: 40.7% below the REITs median (#123 of 554)

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


Sub Sri Thai Real Estate Investment Trust Business Description

Industry Real EstateREITs
Address Soi Pattanakarn 20, 206, Plaza Building, 4th Floor, Suan Luang, Bangkok, THA, 10250
Sub Sri Thai Real Estate Investment Trust is a closed end property fund. The company's objective is to raise funds from general investors and to use the proceeds from fundraising for investing in real estate or leasehold in real estate and the assets that are parts or accessories of such real estate.
79GF Score

Get the complete analysis for BKK:SSTRT

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

฿4.68
Price
฿4.95
GF Value