Thai Foods Group PCL (BKK:TFG) Cyclically Adjusted PB Ratio: 3.94 (As of Aug. 18, 2026) — 85% Above Median

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BKK:TFG Thai Foods Group PCL BKK:TFG
71 GF Score
Price ฿10.00
GF Value ฿4.92
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Thai Foods Group PCL Cyclically Adjusted PB Ratio?

Thai Foods Group PCL BKK:TFG +3.09% 71 Cyclically Adjusted PB Ratio is 3.94 as of Aug. 18, 2026, which is 85% above its 10-year median of 2.13. GuruFocus rates BKK:TFG with a GF Score™ of 71/100 and a GF Value™ of ฿4.92 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,386 Consumer Packaged Goods companies, Thai Foods Group PCL ranks worse than 85.28% on this metric.

As of today (2026-08-18), Thai Foods Group PCL's current share price is ฿10.00. Thai Foods Group PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿2.54. Thai Foods Group PCL's Cyclically Adjusted PB Ratio for today is 3.94.

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

BKK:TFG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.44   Med: 2.13   Max: 4.43
Current: 3.82

During the past years, Thai Foods Group PCL's highest Cyclically Adjusted PB Ratio was 4.43. The lowest was 1.44. And the median was 2.13.

BKK:TFG's Cyclically Adjusted PB Ratio is ranked worse than
85.28% of 1386 companies
in the Consumer Packaged Goods industry
Industry Median: 1.28 vs BKK:TFG: 3.82

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.

Thai Foods Group PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿3.728. 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 ฿2.54 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Foods Group PCL  (BKK:TFG) 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.


Thai Foods Group PCL Cyclically Adjusted PB Ratio Related Terms


Thai Foods Group PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thai Foods Group 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.

Thai Foods Group PCL Cyclically Adjusted PB Ratio Chart

Thai Foods Group 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 0.00 0.00 1.56 1.90

Thai Foods Group 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 2.01 2.19 1.90 3.52 4.33

BKK:TFG vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Thai Foods Group 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.


Thai Foods Group PCL Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


BKK:TFG
71GF Score
Thai Foods Group PCL BKK:TFG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Foods Group 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.

Thai Foods Group PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.00/2.54
=3.94

* 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.

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

For example, Thai Foods Group 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)
=3.728/333.9520*333.9520
=3.728

Current CPI (Jun. 2026) = 333.9520.

Thai Foods Group PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.207 241.428 1.670
201612 1.201 241.432 1.661
201703 1.223 243.801 1.675
201706 1.341 244.955 1.828
201709 1.478 246.819 2.000
201712 1.443 246.524 1.955
201803 1.422 249.554 1.903
201806 1.416 251.989 1.877
201809 1.563 252.439 2.068
201812 1.532 251.233 2.036
201903 1.553 254.202 2.040
201906 1.706 256.143 2.224
201909 1.740 256.759 2.263
201912 1.763 256.974 2.291
202003 1.668 258.115 2.158
202006 1.746 257.797 2.262
202009 1.905 260.280 2.444
202012 1.982 260.474 2.541
202103 2.065 264.877 2.604
202106 2.094 271.696 2.574
202109 1.974 274.310 2.403
202112 2.048 278.802 2.453
202203 2.158 287.504 2.507
202206 2.342 296.311 2.640
202209 2.570 296.808 2.892
202212 2.754 296.797 3.099
202303 2.832 301.836 3.133
202306 2.615 305.109 2.862
202309 2.517 307.789 2.731
202312 2.354 306.746 2.563
202403 2.396 312.332 2.562
202406 2.525 314.175 2.684
202409 2.629 315.301 2.785
202412 2.831 315.605 2.996
202503 3.177 319.799 3.318
202506 3.281 322.561 3.397
202509 3.332 324.800 3.426
202512 3.449 324.054 3.554
202603 3.840 330.213 3.883
202606 3.728 333.952 3.728

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 3.94 mean?
Thai Foods Group PCL (BKK:TFG) has a Cyclically Adjusted PB Ratio of 3.94 as of Aug. 18, 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 Thai Foods Group PCL and its competitors. This is 85% above median its historical median of 2.13. Over the past decade, Thai Foods Group PCL's Cyclically Adjusted PB Ratio has ranged from 1.44 to 4.43. According to the industry distribution chart, Thai Foods Group PCL ranks #1182 out of 1386 companies in the Consumer Packaged Goods industry, placing it in the top 85.3%.
Is Thai Foods Group PCL's Cyclically Adjusted PB Ratio too high?
Thai Foods Group PCL's current Cyclically Adjusted PB Ratio of 3.94 is 85% above median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 4.43. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.28. Thai Foods Group PCL's value of 3.94 is 207.8% above this industry median. Based on the distribution chart, Thai Foods Group PCL ranks #1182 out of 1386 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Thai Foods Group PCL has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Foods Group PCL's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Thai Foods Group PCL ranks #1182 out of 1386 companies for Cyclically Adjusted PB Ratio. This places Thai Foods Group PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Thai Foods Group PCL's value of 3.94 is 207.8% above this benchmark. Historically, Thai Foods Group PCL's own Cyclically Adjusted PB Ratio has ranged from 1.44 to 4.43 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 1.28, Thai Foods Group PCL has consistently been above 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.28, based on 1,386 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. Thai Foods Group PCL's current Cyclically Adjusted PB Ratio of 3.94 is 207.8% above 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 Thai Foods Group PCL and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Foods Group PCL's current Cyclically Adjusted PB Ratio is 3.94, which is 85% above median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Foods Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Foods Group PCL (BKK:TFG) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿4.92, compared to a current price of ฿10.00 — trading 103.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.94, which is 85% above median its 10-year median of 2.13 and 207.8% above the Consumer Packaged Goods industry median of 1.28. Thai Foods Group PCL's overall GF Score™ is 71/100 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 Thai Foods Group PCL (BKK:TFG), the current Cyclically Adjusted PB Ratio is 3.94 as of Aug. 18, 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 Thai Foods Group PCL (BKK:TFG) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Foods Group PCL stock appears to be overvalued. The current stock price of ฿10.00 is trading 103.3% above its estimated GF Value™ of ฿4.92. GuruFocus considers Thai Foods Group PCL to be Significantly Overvalued.

Key valuation signals for BKK:TFG:

  • Cyclically Adjusted PB Ratio: 3.94 (85% above median its 10-year median of 2.13)
  • GF Value™: ฿4.92 vs. price of ฿10.00 (103.3% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 207.8% above the Consumer Packaged Goods median (#1182 of 1386)

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


Thai Foods Group PCL Business Description

Address Viphavadi Rangsit Road, 1010, Shinawatra Tower 3 Building, 12th Floor, Kwang Chatuchak, Khet Chatuchak, Bangkok, THA, 10900
Thai Foods Group PCL is a farm products company. Its operating segment includes Poultry, Swine, Feed Mill, Retail and Other business segments. The activities of the group are producing and distributing frozen and chilled chicken meat and products of chicken meat including producing and distributing swine and feed mills. Geographically, the company manages and operates its business activities principally in Thailand. It generates maximum revenue from the Poultry segment.
71GF Score

Get the complete analysis for BKK:TFG

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

฿10.00
Price
฿4.92
GF Value