T S Flour Mill PCL (BKK:TMILL) Cyclically Adjusted PB Ratio: 0.83 (As of Aug. 25, 2026) — 38% Below Median

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BKK:TMILL T S Flour Mill PCL BKK:TMILL
78 GF Score
Price ฿2.60
GF Value ฿2.60
Valuation Fairly Valued
! 7 Warning Signs
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What is T S Flour Mill PCL Cyclically Adjusted PB Ratio?

T S Flour Mill PCL BKK:TMILL -1.52% 78 Cyclically Adjusted PB Ratio is 0.83 as of Aug. 25, 2026, which is 38% below its 10-year median of 1.34. GuruFocus rates BKK:TMILL with a GF Score™ of 78/100 and a GF Value™ of ฿2.60 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,325 Consumer Packaged Goods companies, T S Flour Mill PCL ranks better than 64.68% on this metric.

As of today (2026-08-25), T S Flour Mill PCL's current share price is ฿2.60. T S Flour Mill PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿3.12. T S Flour Mill PCL's Cyclically Adjusted PB Ratio for today is 0.83.

The historical rank and industry rank for T S Flour Mill PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:TMILL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 1.34   Max: 1.84
Current: 0.85

During the past years, T S Flour Mill PCL's highest Cyclically Adjusted PB Ratio was 1.84. The lowest was 0.48. And the median was 1.34.

BKK:TMILL's Cyclically Adjusted PB Ratio is ranked better than
64.68% of 1325 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs BKK:TMILL: 0.85

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.

T S Flour Mill PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿2.728. 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 ฿3.12 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


T S Flour Mill PCL  (BKK:TMILL) 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.


T S Flour Mill PCL Cyclically Adjusted PB Ratio Related Terms


T S Flour Mill PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for T S Flour Mill 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.

T S Flour Mill PCL Cyclically Adjusted PB Ratio Chart

T S Flour Mill 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 1.55 1.42 1.34 1.00 0.69

T S Flour Mill 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 0.64 0.72 0.69 0.68 0.84

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

For the Farm Products subindustry, T S Flour Mill 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.


T S Flour Mill PCL Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, T S Flour Mill PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where T S Flour Mill PCL's Cyclically Adjusted PB Ratio falls into.


BKK:TMILL
78GF Score
T S Flour Mill PCL BKK:TMILL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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T S Flour Mill 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.

T S Flour Mill PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.60/3.12
=0.83

* 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.

T S Flour Mill PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, T S Flour Mill 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)
=2.728/333.9520*333.9520
=2.728

Current CPI (Jun. 2026) = 333.9520.

T S Flour Mill PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.295 241.428 3.175
201612 2.363 241.432 3.269
201703 2.485 243.801 3.404
201706 2.486 244.955 3.389
201709 2.385 246.819 3.227
201712 2.418 246.524 3.276
201803 2.496 249.554 3.340
201806 2.572 251.989 3.409
201809 2.673 252.439 3.536
201812 2.477 251.233 3.293
201903 2.539 254.202 3.336
201906 2.444 256.143 3.186
201909 2.500 256.759 3.252
201912 2.501 256.974 3.250
202003 2.610 258.115 3.377
202006 2.560 257.797 3.316
202009 2.623 260.280 3.365
202012 2.576 260.474 3.303
202103 2.693 264.877 3.395
202106 2.660 271.696 3.270
202109 2.716 274.310 3.307
202112 2.658 278.802 3.184
202203 2.703 287.504 3.140
202206 2.659 296.311 2.997
202209 2.757 296.808 3.102
202212 2.723 296.797 3.064
202303 2.816 301.836 3.116
202306 2.732 305.109 2.990
202309 2.735 307.789 2.967
202312 2.661 306.746 2.897
202403 2.661 312.332 2.845
202406 2.598 314.175 2.762
202409 2.621 315.301 2.776
202412 2.639 315.605 2.792
202503 2.670 319.799 2.788
202506 2.631 322.561 2.724
202509 2.671 324.800 2.746
202512 2.661 324.054 2.742
202603 2.742 330.213 2.773
202606 2.728 333.952 2.728

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 0.83 mean?
T S Flour Mill PCL (BKK:TMILL) has a Cyclically Adjusted PB Ratio of 0.83 as of Aug. 25, 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 T S Flour Mill PCL and its competitors. This is 38% below median its historical median of 1.34. Over the past decade, T S Flour Mill PCL's Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.84. According to the industry distribution chart, T S Flour Mill PCL ranks #468 out of 1325 companies in the Consumer Packaged Goods industry, placing it in the top 35.3%.
Is T S Flour Mill PCL's Cyclically Adjusted PB Ratio too high?
T S Flour Mill PCL's current Cyclically Adjusted PB Ratio of 0.83 is 38% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.84. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. T S Flour Mill PCL's value of 0.83 is 34.1% below this industry median. Based on the distribution chart, T S Flour Mill PCL ranks #468 out of 1325 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, T S Flour Mill PCL has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does T S Flour Mill PCL's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, T S Flour Mill PCL ranks #468 out of 1325 companies for Cyclically Adjusted PB Ratio. This puts T S Flour Mill PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. T S Flour Mill PCL's value of 0.83 is 34.1% below this benchmark. Historically, T S Flour Mill PCL's own Cyclically Adjusted PB Ratio has ranged from 0.48 to 1.84 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.26, T S Flour Mill 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,325 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. T S Flour Mill PCL's current Cyclically Adjusted PB Ratio of 0.83 is 34.1% 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 T S Flour Mill PCL and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T S Flour Mill PCL's current Cyclically Adjusted PB Ratio is 0.83, which is 38% below median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T S Flour Mill PCL stock overvalued right now?
Based on GuruFocus' analysis, T S Flour Mill PCL (BKK:TMILL) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.60, compared to a current price of ฿2.60 — trading right at its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.83, which is 38% below median its 10-year median of 1.34 and 34.1% below the Consumer Packaged Goods industry median of 1.26. T S Flour Mill PCL's overall GF Score™ is 78/100 with 7 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 T S Flour Mill PCL (BKK:TMILL), the current Cyclically Adjusted PB Ratio is 0.83 as of Aug. 25, 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 T S Flour Mill PCL (BKK:TMILL) Overvalued in 2026?

Based on GuruFocus' analysis, T S Flour Mill PCL stock appears to be undervalued. The current stock price of ฿2.60 is trading 0% below its estimated GF Value™ of ฿2.60. GuruFocus considers T S Flour Mill PCL to be Fairly Valued.

Key valuation signals for BKK:TMILL:

  • Cyclically Adjusted PB Ratio: 0.83 (38% below median its 10-year median of 1.34)
  • GF Value™: ฿2.60 vs. price of ฿2.60 (0% below fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 34.1% below the Consumer Packaged Goods median (#468 of 1325)

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


T S Flour Mill PCL Business Description

Address Poochaosamingphrai Road, 90/9 Moo 1, Soi Siamsilo, Tambon Samrongklang, Ampher Phrapradaeng, Samutprakarn, THA, 10130
T S Flour Mill PCL is a Thailand-based company engaged in the production and distribution of wheat flour. The company's product includes flour of different kinds such as Bread flour, Fresh noodle flour, Instant noodle flour, Biscuit flour, Cake flour, Steamed bun flour, Dough stick flour, patangko flour as well as all-purpose flour. The majority of the operation of the company is solely made in Thailand.
78GF Score

Get the complete analysis for BKK:TMILL

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

฿2.60
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