Golden Lime PCL (BKK:SUTHA) Cyclically Adjusted PB Ratio: 1.08 (As of Aug. 12, 2026) — Near Median

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:SUTHA Golden Lime PCL BKK:SUTHA
65 GF Score
Price ฿2.84
GF Value ฿2.38
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Golden Lime PCL Cyclically Adjusted PB Ratio?

Golden Lime PCL BKK:SUTHA -1.39% 65 Cyclically Adjusted PB Ratio is 1.08 as of Aug. 12, 2026, which is 1% below its 10-year median of 1.09. GuruFocus rates BKK:SUTHA with a GF Score™ of 65/100 and a GF Value™ of ฿2.38 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,221 Chemicals companies, Golden Lime PCL ranks better than 66.26% on this metric.

As of today (2026-08-12), Golden Lime PCL's current share price is ฿2.84. Golden Lime PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿2.64. Golden Lime PCL's Cyclically Adjusted PB Ratio for today is 1.08.

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

BKK:SUTHA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.09   Max: 2.6
Current: 1.09

During the past years, Golden Lime PCL's highest Cyclically Adjusted PB Ratio was 2.60. The lowest was 0.84. And the median was 1.09.

BKK:SUTHA's Cyclically Adjusted PB Ratio is ranked better than
66.26% of 1221 companies
in the Chemicals industry
Industry Median: 1.66 vs BKK:SUTHA: 1.09

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.

Golden Lime PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿2.802. 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 ฿2.64 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Golden Lime PCL  (BKK:SUTHA) 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.


Golden Lime PCL Cyclically Adjusted PB Ratio Related Terms


Golden Lime PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Golden Lime 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.

Golden Lime PCL Cyclically Adjusted PB Ratio Chart

Golden Lime 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 0.00 1.71 0.96 1.07 0.98

Golden Lime 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 1.00 0.89 0.97 0.98 0.86

BKK:SUTHA vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Golden Lime 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.


Golden Lime PCL Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Golden Lime PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:SUTHA
65GF Score
Golden Lime PCL BKK:SUTHA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golden Lime 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.84/2.64
=1.08

* 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.

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

For example, Golden Lime 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)
=2.802/330.2130*330.2130
=2.802

Current CPI (Mar. 2026) = 330.2130.

Golden Lime PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.917 241.018 2.626
201609 1.899 241.428 2.597
201612 1.912 241.432 2.615
201703 1.995 243.801 2.702
201706 1.982 244.955 2.672
201709 1.868 246.819 2.499
201712 1.918 246.524 2.569
201803 1.987 249.554 2.629
201806 1.970 251.989 2.582
201809 1.936 252.439 2.532
201812 1.949 251.233 2.562
201903 2.009 254.202 2.610
201906 1.771 256.143 2.283
201909 1.677 256.759 2.157
201912 1.610 256.974 2.069
202003 1.674 258.115 2.142
202006 1.611 257.797 2.064
202009 2.183 260.280 2.770
202012 2.014 260.474 2.553
202103 2.112 264.877 2.633
202106 2.009 271.696 2.442
202109 2.055 274.310 2.474
202112 2.065 278.802 2.446
202203 2.171 287.504 2.494
202206 2.257 296.311 2.515
202209 2.357 296.808 2.622
202212 2.370 296.797 2.637
202303 2.722 301.836 2.978
202306 2.711 305.109 2.934
202309 2.748 307.789 2.948
202312 2.788 306.746 3.001
202403 2.905 312.332 3.071
202406 2.871 314.175 3.018
202409 2.897 315.301 3.034
202412 2.792 315.605 2.921
202503 2.875 319.799 2.969
202506 2.859 322.561 2.927
202509 2.835 324.800 2.882
202512 2.697 324.054 2.748
202603 2.802 330.213 2.802

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 1.08 mean?
Golden Lime PCL (BKK:SUTHA) has a Cyclically Adjusted PB Ratio of 1.08 as of Aug. 12, 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 Golden Lime PCL and its competitors. This is near median its historical median of 1.09. Over the past decade, Golden Lime PCL's Cyclically Adjusted PB Ratio has ranged from 0.84 to 2.60. According to the industry distribution chart, Golden Lime PCL ranks #412 out of 1221 companies in the Chemicals industry, placing it in the top 33.7%.
Is Golden Lime PCL's Cyclically Adjusted PB Ratio too high?
Golden Lime PCL's current Cyclically Adjusted PB Ratio of 1.08 is near median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 2.60. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.66. Golden Lime PCL's value of 1.08 is 34.9% below this industry median. Based on the distribution chart, Golden Lime PCL ranks #412 out of 1221 companies in the Chemicals industry, which is above the industry midpoint. Overall, Golden Lime PCL has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golden Lime PCL's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Golden Lime PCL ranks #412 out of 1221 companies for Cyclically Adjusted PB Ratio. This puts Golden Lime PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.66. Golden Lime PCL's value of 1.08 is 34.9% below this benchmark. Historically, Golden Lime PCL's own Cyclically Adjusted PB Ratio has ranged from 0.84 to 2.60 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.66, Golden Lime 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.66, based on 1,221 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. Golden Lime PCL's current Cyclically Adjusted PB Ratio of 1.08 is 34.9% 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 Golden Lime PCL and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Lime PCL's current Cyclically Adjusted PB Ratio is 1.08, which is near median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Lime PCL stock overvalued right now?
Based on GuruFocus' analysis, Golden Lime PCL (BKK:SUTHA) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.38, compared to a current price of ฿2.84 — trading 19.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.08, which is near median its 10-year median of 1.09 and 34.9% below the Chemicals industry median of 1.66. Golden Lime PCL's overall GF Score™ is 65/100 with 8 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 Golden Lime PCL (BKK:SUTHA), the current Cyclically Adjusted PB Ratio is 1.08 as of Aug. 12, 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 Golden Lime PCL (BKK:SUTHA) Overvalued in 2026?

Based on GuruFocus' analysis, Golden Lime PCL stock appears to be overvalued. The current stock price of ฿2.84 is trading 19.3% above its estimated GF Value™ of ฿2.38. GuruFocus considers Golden Lime PCL to be Modestly Overvalued.

Key valuation signals for BKK:SUTHA:

  • Cyclically Adjusted PB Ratio: 1.08 (near median its 10-year median of 1.09)
  • GF Value™: ฿2.38 vs. price of ฿2.84 (19.3% above fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 34.9% below the Chemicals median (#412 of 1221)

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


Golden Lime PCL Business Description

Address 89 Cosmo Office Park, Popular Road, 6th Floor, Unit H, Banmai, Pakkret, Nonthaburi, THA, 11120
Golden Lime PCL is a Thailand-based firm that is principally engaged in the manufacturing and distribution of chemical products and the supply, assembly, and installation of equipment. The company is organized into three business segments: The Limestone mining, and manufacture and distribution of industrial chemical products segment, from which the company generates its majority revenue; Engineering consulting services, and designs, supply, assembly, and installation of machinery and equipment segment; The marble mining, and production and distribution of marble products segment. Geographically, the company operates in Thailand and Foreign countries.
65GF Score

Get the complete analysis for BKK:SUTHA

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

฿2.84
Price
฿2.38
GF Value