TVD Holdings PCL (BKK:TVDH) Cyclically Adjusted PB Ratio: 0.05 (As of Sep. 03, 2026) — 85% Below Median

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What is TVD Holdings PCL Cyclically Adjusted PB Ratio?

TVD Holdings PCL BKK:TVDH Cyclically Adjusted PB Ratio is 0.05 as of Sep. 03, 2026, which is 85% below its 10-year median of 0.34. The stock has 2 warning signs investors should review. Among 756 Retail - Cyclical companies, TVD Holdings PCL ranks better than 98.15% on this metric.

As of today (2026-09-03), TVD Holdings PCL's current share price is ฿0.04. TVD Holdings PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿0.87. TVD Holdings PCL's Cyclically Adjusted PB Ratio for today is 0.05.

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

BKK:TVDH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.34   Max: 1.83
Current: 0.05

During the past years, TVD Holdings PCL's highest Cyclically Adjusted PB Ratio was 1.83. The lowest was 0.05. And the median was 0.34.

BKK:TVDH's Cyclically Adjusted PB Ratio is ranked better than
98.15% of 756 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs BKK:TVDH: 0.05

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.

TVD Holdings PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿0.409. 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 ฿0.87 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TVD Holdings PCL  (BKK:TVDH) 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.


TVD Holdings PCL Cyclically Adjusted PB Ratio Related Terms


TVD Holdings PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TVD Holdings 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.

TVD Holdings PCL Cyclically Adjusted PB Ratio Chart

TVD Holdings 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 1.04 0.80 0.36 0.20 0.07

TVD Holdings 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 0.08 0.09 0.07 0.07 0.06

BKK:TVDH vs AMZN, BABA, PDD: Cyclically Adjusted PB Ratio Comparison

For the Internet Retail subindustry, TVD Holdings 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.


TVD Holdings PCL Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, TVD Holdings PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TVD Holdings 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.

TVD Holdings PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.04/0.87
=0.05

* 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.

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

For example, TVD Holdings 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)
=0.409/333.9520*333.9520
=0.409

Current CPI (Jun. 2026) = 333.9520.

TVD Holdings PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.094 241.428 1.513
201612 1.011 241.432 1.398
201703 0.996 243.801 1.364
201706 0.953 244.955 1.299
201709 0.910 246.819 1.231
201712 0.913 246.524 1.237
201803 0.935 249.554 1.251
201806 0.924 251.989 1.225
201809 0.977 252.439 1.292
201812 0.953 251.233 1.267
201903 0.932 254.202 1.224
201906 0.932 256.143 1.215
201909 0.961 256.759 1.250
201912 0.936 256.974 1.216
202003 0.906 258.115 1.172
202006 0.914 257.797 1.184
202009 0.928 260.280 1.191
202012 0.911 260.474 1.168
202103 0.846 264.877 1.067
202106 0.826 271.696 1.015
202109 0.730 274.310 0.889
202112 0.607 278.802 0.727
202203 0.460 287.504 0.534
202206 0.639 296.311 0.720
202209 0.603 296.808 0.678
202212 0.587 296.797 0.660
202303 0.570 301.836 0.631
202306 0.431 305.109 0.472
202309 0.363 307.789 0.394
202312 0.366 306.746 0.398
202403 0.354 312.332 0.379
202406 0.361 314.175 0.384
202409 0.365 315.301 0.387
202412 0.377 315.605 0.399
202503 0.365 319.799 0.381
202506 0.347 322.561 0.359
202509 0.326 324.800 0.335
202512 0.389 324.054 0.401
202603 0.398 330.213 0.403
202606 0.409 333.952 0.409

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 0.05 mean?
TVD Holdings PCL (BKK:TVDH) has a Cyclically Adjusted PB Ratio of 0.05 as of Sep. 03, 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 TVD Holdings PCL and its competitors. This is 85% below median its historical median of 0.34. Over the past decade, TVD Holdings PCL's Cyclically Adjusted PB Ratio has ranged from 0.05 to 1.83. According to the industry distribution chart, TVD Holdings PCL ranks #14 out of 756 companies in the Retail - Cyclical industry, placing it in the top 1.9%.
Is TVD Holdings PCL's Cyclically Adjusted PB Ratio too high?
TVD Holdings PCL's current Cyclically Adjusted PB Ratio of 0.05 is 85% below median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 1.83. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.24. TVD Holdings PCL's value of 0.05 is 96% below this industry median. Based on the distribution chart, TVD Holdings PCL ranks #14 out of 756 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers.
How does TVD Holdings PCL's Cyclically Adjusted PB Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, TVD Holdings PCL ranks #14 out of 756 companies for Cyclically Adjusted PB Ratio. This places TVD Holdings PCL in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.24. TVD Holdings PCL's value of 0.05 is 96% below this benchmark. Historically, TVD Holdings PCL's own Cyclically Adjusted PB Ratio has ranged from 0.05 to 1.83 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 1.24, TVD Holdings 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.24, based on 756 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. TVD Holdings PCL's current Cyclically Adjusted PB Ratio of 0.05 is 96% 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 TVD Holdings PCL and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TVD Holdings PCL's current Cyclically Adjusted PB Ratio is 0.05, which is 85% below median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TVD Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, TVD Holdings PCL (BKK:TVDH) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.07, compared to a current price of ฿0.04 — trading 42.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.05, which is 85% below median its 10-year median of 0.34 and 96% below the Retail - Cyclical industry median of 1.24. 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 TVD Holdings PCL (BKK:TVDH), the current Cyclically Adjusted PB Ratio is 0.05 as of Sep. 03, 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.

TVD Holdings PCL Business Description

Address 25 Watcharaphol Road, Tha-Raeng Sub-district, Bang Khen District, Bangkok, THA, 10230
TVD Holdings PCL is engaged in the sales of goods and services through various marketing channels, including providing and producing TV programs, and selling air time for advertising. The company operates in various business segments that include: Selling products: offering products to consumers via 24-hour home shopping television, digital TV and online media, Provide secured loans: Engaging in lending business, providing loans with movable or immovable property as collateral Investment: Investing in fiber optic distribution projects and investing in foreign securities, Television media: Providing satellite signal channels and broadcasting time, Services: Providing services of departments and other services. The majority of its revenue is generated from the selling products segment.