Thai Packaging & Printing PCL (BKK:TPP) Cyclically Adjusted PB Ratio: 0.45 (As of Sep. 01, 2026) — 35% Below Median

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BKK:TPP Thai Packaging & Printing PCL BKK:TPP
84 GF Score
Price ฿12.70
GF Value ฿14.52
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Thai Packaging & Printing PCL Cyclically Adjusted PB Ratio?

Thai Packaging & Printing PCL BKK:TPP 84 Cyclically Adjusted PB Ratio is 0.45 as of Sep. 01, 2026, which is 35% below its 10-year median of 0.69. GuruFocus rates BKK:TPP with a GF Score™ of 84/100 and a GF Value™ of ฿14.52 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 268 Packaging & Containers companies, Thai Packaging & Printing PCL ranks better than 79.48% on this metric.

As of today (2026-09-01), Thai Packaging & Printing PCL's current share price is ฿12.70. Thai Packaging & Printing PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿28.33. Thai Packaging & Printing PCL's Cyclically Adjusted PB Ratio for today is 0.45.

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

BKK:TPP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.69   Max: 1.41
Current: 0.44

During the past years, Thai Packaging & Printing PCL's highest Cyclically Adjusted PB Ratio was 1.41. The lowest was 0.37. And the median was 0.69.

BKK:TPP's Cyclically Adjusted PB Ratio is ranked better than
79.48% of 268 companies
in the Packaging & Containers industry
Industry Median: 1.125 vs BKK:TPP: 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.

Thai Packaging & Printing PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿25.753. 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 ฿28.33 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thai Packaging & Printing PCL  (BKK:TPP) 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 Packaging & Printing PCL Cyclically Adjusted PB Ratio Related Terms


Thai Packaging & Printing PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thai Packaging & Printing 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 Packaging & Printing PCL Cyclically Adjusted PB Ratio Chart

Thai Packaging & Printing 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 0.76 0.78 0.54 0.45 0.39

Thai Packaging & Printing 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 0.42 0.40 0.39 0.37 0.43

BKK:TPP vs SW, AMCR, PKG: Cyclically Adjusted PB Ratio Comparison

For the Packaging & Containers subindustry, Thai Packaging & Printing 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 Packaging & Printing PCL Cyclically Adjusted PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thai Packaging & Printing PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:TPP
84GF Score
Thai Packaging & Printing PCL BKK:TPP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Thai Packaging & Printing 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 Packaging & Printing PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.70/28.33
=0.45

* 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 Packaging & Printing PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Thai Packaging & Printing 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)
=25.753/333.9520*333.9520
=25.753

Current CPI (Jun. 2026) = 333.9520.

Thai Packaging & Printing PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 21.371 241.428 29.561
201612 21.423 241.432 29.633
201703 21.071 243.801 28.862
201706 21.175 244.955 28.868
201709 21.409 246.819 28.967
201712 21.569 246.524 29.218
201803 21.250 249.554 28.437
201806 21.296 251.989 28.223
201809 23.448 252.439 31.019
201812 23.265 251.233 30.925
201903 23.370 254.202 30.702
201906 23.835 256.143 31.075
201909 23.943 256.759 31.141
201912 24.012 256.974 31.205
202003 22.996 258.115 29.752
202006 23.227 257.797 30.088
202009 23.184 260.280 29.746
202012 23.467 260.474 30.087
202103 23.516 264.877 29.649
202106 23.149 271.696 28.453
202109 25.169 274.310 30.641
202112 24.420 278.802 29.251
202203 24.627 287.504 28.606
202206 23.637 296.311 26.640
202209 23.948 296.808 26.945
202212 23.977 296.797 26.979
202303 23.957 301.836 26.506
202306 24.413 305.109 26.721
202309 24.429 307.789 26.506
202312 24.610 306.746 26.793
202403 24.640 312.332 26.346
202406 24.544 314.175 26.089
202409 24.907 315.301 26.380
202412 24.919 315.605 26.368
202503 25.107 319.799 26.218
202506 24.820 322.561 25.696
202509 25.334 324.800 26.048
202512 25.737 324.054 26.523
202603 26.364 330.213 26.663
202606 25.753 333.952 25.753

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 0.45 mean?
Thai Packaging & Printing PCL (BKK:TPP) has a Cyclically Adjusted PB Ratio of 0.45 as of Sep. 01, 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 Packaging & Printing PCL and its competitors. This is 35% below median its historical median of 0.69. Over the past decade, Thai Packaging & Printing PCL's Cyclically Adjusted PB Ratio has ranged from 0.37 to 1.41. According to the industry distribution chart, Thai Packaging & Printing PCL ranks #55 out of 268 companies in the Packaging & Containers industry, placing it in the top 20.5%.
Is Thai Packaging & Printing PCL's Cyclically Adjusted PB Ratio too high?
Thai Packaging & Printing PCL's current Cyclically Adjusted PB Ratio of 0.45 is 35% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 1.41. The Packaging & Containers industry median Cyclically Adjusted PB Ratio is 1.13. Thai Packaging & Printing PCL's value of 0.45 is 60% below this industry median. Based on the distribution chart, Thai Packaging & Printing PCL ranks #55 out of 268 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Packaging & Printing PCL has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Packaging & Printing PCL's Cyclically Adjusted PB Ratio compare to SW and AMCR?
According to the Packaging & Containers industry distribution chart, Thai Packaging & Printing PCL ranks #55 out of 268 companies for Cyclically Adjusted PB Ratio. This places Thai Packaging & Printing PCL in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.13. Thai Packaging & Printing PCL's value of 0.45 is 60% below this benchmark. Historically, Thai Packaging & Printing PCL's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 1.41 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.13, Thai Packaging & Printing 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 Packaging & Containers company?
The median Cyclically Adjusted PB Ratio among Packaging & Containers companies is 1.13, based on 268 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 Packaging & Printing PCL's current Cyclically Adjusted PB Ratio of 0.45 is 60% 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 Thai Packaging & Printing PCL and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PB Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Packaging & Printing PCL's current Cyclically Adjusted PB Ratio is 0.45, which is 35% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Packaging & Printing PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Packaging & Printing PCL (BKK:TPP) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿14.52, compared to a current price of ฿12.70 — trading 12.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.45, which is 35% below median its 10-year median of 0.69 and 60% below the Packaging & Containers industry median of 1.13. Thai Packaging & Printing PCL's overall GF Score™ is 84/100 with 2 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 Packaging & Printing PCL (BKK:TPP), the current Cyclically Adjusted PB Ratio is 0.45 as of Sep. 01, 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 Packaging & Printing PCL (BKK:TPP) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Packaging & Printing PCL stock appears to be undervalued. The current stock price of ฿12.70 is trading 12.5% below its estimated GF Value™ of ฿14.52. GuruFocus considers Thai Packaging & Printing PCL to be Modestly Undervalued.

Key valuation signals for BKK:TPP:

  • Cyclically Adjusted PB Ratio: 0.45 (35% below median its 10-year median of 0.69)
  • GF Value™: ฿14.52 vs. price of ฿12.70 (12.5% below fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 60% below the Packaging & Containers median (#55 of 268)

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


Thai Packaging & Printing PCL Business Description

Other Exchanges TPP-R:Thailand
Address 9/9 Moo 6, King Kaew Road, Tambol Rachathewa Amphur Bangplee, Samutprakan, THA, 10540
Thai Packaging & Printing PCL along with its subsidiaries is engaged in the manufacturing and distributing of box packaging. It manufactures its products for automotive, electric, medical appliances, food and beverage, houseware, fast-moving consumer, toy, and miscellaneous industries. It offers design and development solutions for industrial and consumer packaging. Its products include Folding boxes, Corrugated folding boxes, Ice cream tubes, Corrugated sheet board, Corrugated master cartons, Leaflet brochures, and magazines. The company also offer agent services for air passengers and cargo. It generates a majority of the revenue from the Packaging business.
84GF Score

Get the complete analysis for BKK:TPP

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

฿12.70
Price
฿14.52
GF Value