Thai Mui PCL (BKK:THMUI) Cyclically Adjusted PB Ratio: (As of Aug. 21, 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.
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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:THMUI Thai Mui Corp PCL BKK:THMUI
49 GF Score
Price ฿0.30
GF Value ฿0.63
Valuation Possible Value Trap
! 2 Warning Signs
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What is Thai Mui PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Mui PCL  (BKK:THMUI) 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 Mui PCL Cyclically Adjusted PB Ratio Related Terms


Thai Mui PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thai Mui 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 Mui PCL Cyclically Adjusted PB Ratio Chart

Thai Mui 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 0.00 0.00

Thai Mui 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 0.00 0.00 0.00 0.27 0.00

BKK:THMUI vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, Thai Mui 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 Mui PCL Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Thai Mui PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:THMUI
49GF Score
Thai Mui Corp PCL BKK:THMUI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

For example, Thai Mui 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)
=1.004/333.9520*333.9520
=1.004

Current CPI (Jun. 2026) = 333.9520.

Thai Mui PCL Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.377 236.525 0.532
201612 0.480 241.432 0.664
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.560 246.819 0.758
201712 1.130 246.524 1.531
201803 1.142 249.554 1.528
201806 1.165 251.989 1.544
201809 1.161 252.439 1.536
201812 1.176 251.233 1.563
201903 1.173 254.202 1.541
201906 1.135 256.143 1.480
201909 1.092 256.759 1.420
201912 1.090 256.974 1.417
202003 1.093 258.115 1.414
202006 1.080 257.797 1.399
202009 1.051 260.280 1.348
202012 1.055 260.474 1.353
202103 1.049 264.877 1.323
202106 1.045 271.696 1.284
202109 1.035 274.310 1.260
202112 1.056 278.802 1.265
202203 1.044 287.504 1.213
202206 1.032 296.311 1.163
202209 1.037 296.808 1.167
202212 1.043 296.797 1.174
202303 1.046 301.836 1.157
202306 1.044 305.109 1.143
202309 1.047 307.789 1.136
202312 1.062 306.746 1.156
202403 1.044 312.332 1.116
202406 1.024 314.175 1.088
202409 1.020 315.301 1.080
202412 0.944 315.605 0.999
202503 0.937 319.799 0.978
202506 0.937 322.561 0.970
202509 0.945 324.800 0.972
202512 0.979 324.054 1.009
202603 0.977 330.213 0.988
202606 1.004 333.952 1.004

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 Thai Mui PCL (BKK:THMUI) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Mui PCL stock appears to be undervalued. The current stock price of ฿0.30 is trading 52.4% below its estimated GF Value™ of ฿0.63. GuruFocus considers Thai Mui PCL to be Possible Value Trap.

Key valuation signals for BKK:THMUI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿0.63 vs. price of ฿0.30 (52.4% below fair value)
  • GF Score™: 49/100 with 2 warning signs

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


Thai Mui PCL Business Description

Address 759 Chareonkrung Road, Taladnoi, Sumphantawong, Krung Thep Maha Nakhon, Bangkok, THA, 10100
Thai Mui Corp PCL is engaged in the retail and wholesale of ironware, wire rope, saw, and pipe, and provides loop wire rope and equipment installation and inspection, plumbing contractor project, and construction of a water quality improvement business for shrimp farm. Its products include Wire rope, Skate, Soft sling, Hook, etc. The company's segments are Sales and service and Project work. The key revenue is derived from the sale of wire rope and lifting equipment, including replacement and installation, and providing technical inspection, testing, and analysis equipment activity. The group operates in Thailand.
49GF Score

Get the complete analysis for BKK:THMUI

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

฿0.30
Price
฿0.63
GF Value