Winner Group Enterprise PCL (BKK:WINNER) Cyclically Adjusted PB Ratio: 1.84 (As of Aug. 23, 2026) — 11% Above Median

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BKK:WINNER Winner Group Enterprise PCL BKK:WINNER
88 GF Score
Price ฿2.28
GF Value ฿2.28
Valuation Fairly Valued
! 3 Warning Signs
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What is Winner Group Enterprise PCL Cyclically Adjusted PB Ratio?

Winner Group Enterprise PCL BKK:WINNER +1.79% 88 Cyclically Adjusted PB Ratio is 1.84 as of Aug. 23, 2026, which is 11% above its 10-year median of 1.66. GuruFocus rates BKK:WINNER with a GF Score™ of 88/100 and a GF Value™ of ฿2.28 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,352 Consumer Packaged Goods companies, Winner Group Enterprise PCL ranks worse than 63.83% on this metric.

As of today (2026-08-23), Winner Group Enterprise PCL's current share price is ฿2.28. Winner Group Enterprise PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿1.24. Winner Group Enterprise PCL's Cyclically Adjusted PB Ratio for today is 1.84.

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

BKK:WINNER' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.04   Med: 1.66   Max: 1.97
Current: 1.84

During the past years, Winner Group Enterprise PCL's highest Cyclically Adjusted PB Ratio was 1.97. The lowest was 0.04. And the median was 1.66.

BKK:WINNER's Cyclically Adjusted PB Ratio is ranked worse than
63.83% of 1352 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs BKK:WINNER: 1.84

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.

Winner Group Enterprise PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿1.228. 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 ฿1.24 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Winner Group Enterprise PCL  (BKK:WINNER) 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.


Winner Group Enterprise PCL Cyclically Adjusted PB Ratio Related Terms


Winner Group Enterprise PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Winner Group Enterprise 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.

Winner Group Enterprise PCL Cyclically Adjusted PB Ratio Chart

Winner Group Enterprise 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 0.11 0.24 1.82 1.67 1.71

Winner Group Enterprise PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.62 1.62 1.71 1.71 1.68

BKK:WINNER vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Winner Group Enterprise 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.


Winner Group Enterprise PCL Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


BKK:WINNER
88GF Score
Winner Group Enterprise PCL BKK:WINNER
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Winner Group Enterprise 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.

Winner Group Enterprise PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.28/1.24
=1.84

* 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.

Winner Group Enterprise PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Winner Group Enterprise PCL's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.228/330.2130*330.2130
=1.228

Current CPI (Mar. 2026) = 330.2130.

Winner Group Enterprise PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.969 241.018 1.328
201609 0.952 241.428 1.302
201612 1.006 241.432 1.376
201703 1.044 243.801 1.414
201706 0.992 244.955 1.337
201709 0.976 246.819 1.306
201712 1.027 246.524 1.376
201803 1.061 249.554 1.404
201806 1.013 251.989 1.327
201809 0.995 252.439 1.302
201812 1.028 251.233 1.351
201903 1.056 254.202 1.372
201906 1.008 256.143 1.299
201909 0.967 256.759 1.244
201912 1.022 256.974 1.313
202003 1.077 258.115 1.378
202006 1.031 257.797 1.321
202009 0.995 260.280 1.262
202012 1.032 260.474 1.308
202103 1.065 264.877 1.328
202106 1.024 271.696 1.245
202109 0.972 274.310 1.170
202112 1.137 278.802 1.347
202203 1.180 287.504 1.355
202206 1.111 296.311 1.238
202209 1.084 296.808 1.206
202212 0.978 296.797 1.088
202303 1.034 301.836 1.131
202306 1.004 305.109 1.087
202309 0.963 307.789 1.033
202312 1.027 306.746 1.106
202403 1.049 312.332 1.109
202406 1.010 314.175 1.062
202409 0.980 315.301 1.026
202412 1.038 315.605 1.086
202503 1.094 319.799 1.130
202506 1.052 322.561 1.077
202509 1.018 324.800 1.035
202512 1.087 324.054 1.108
202603 1.228 330.213 1.228

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 1.84 mean?
Winner Group Enterprise PCL (BKK:WINNER) has a Cyclically Adjusted PB Ratio of 1.84 as of Aug. 23, 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 Winner Group Enterprise PCL and its competitors. This is 11% above median its historical median of 1.66. Over the past decade, Winner Group Enterprise PCL's Cyclically Adjusted PB Ratio has ranged from 0.04 to 1.97. According to the industry distribution chart, Winner Group Enterprise PCL ranks #863 out of 1352 companies in the Consumer Packaged Goods industry, placing it in the top 63.8%.
Is Winner Group Enterprise PCL's Cyclically Adjusted PB Ratio too high?
Winner Group Enterprise PCL's current Cyclically Adjusted PB Ratio of 1.84 is 11% above median its 10-year median of 1.66. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 1.97. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Winner Group Enterprise PCL's value of 1.84 is 46% above this industry median. Based on the distribution chart, Winner Group Enterprise PCL ranks #863 out of 1352 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Winner Group Enterprise PCL has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Winner Group Enterprise PCL's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Winner Group Enterprise PCL ranks #863 out of 1352 companies for Cyclically Adjusted PB Ratio. This places Winner Group Enterprise PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Winner Group Enterprise PCL's value of 1.84 is 46% above this benchmark. Historically, Winner Group Enterprise PCL's own Cyclically Adjusted PB Ratio has ranged from 0.04 to 1.97 over the past decade. While the company's 10-year median is 1.66 vs. the industry median of 1.26, Winner Group Enterprise 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 1.26, based on 1,352 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. Winner Group Enterprise PCL's current Cyclically Adjusted PB Ratio of 1.84 is 46% 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 Winner Group Enterprise 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. Winner Group Enterprise PCL's current Cyclically Adjusted PB Ratio is 1.84, which is 11% above median its own 10-year median of 1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winner Group Enterprise PCL stock overvalued right now?
Based on GuruFocus' analysis, Winner Group Enterprise PCL (BKK:WINNER) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.28, compared to a current price of ฿2.28 — trading right at its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.84, which is 11% above median its 10-year median of 1.66 and 46% above the Consumer Packaged Goods industry median of 1.26. Winner Group Enterprise PCL's overall GF Score™ is 88/100 with 3 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 Winner Group Enterprise PCL (BKK:WINNER), the current Cyclically Adjusted PB Ratio is 1.84 as of Aug. 23, 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 Winner Group Enterprise PCL (BKK:WINNER) Overvalued in 2026?

Based on GuruFocus' analysis, Winner Group Enterprise PCL stock appears to be undervalued. The current stock price of ฿2.28 is trading 0% below its estimated GF Value™ of ฿2.28. GuruFocus considers Winner Group Enterprise PCL to be Fairly Valued.

Key valuation signals for BKK:WINNER:

  • Cyclically Adjusted PB Ratio: 1.84 (11% above median its 10-year median of 1.66)
  • GF Value™: ฿2.28 vs. price of ฿2.28 (0% below fair value)
  • GF Score™: 88/100 with 3 warning signs
  • Industry Position: 46% above the Consumer Packaged Goods median (#863 of 1352)

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


Winner Group Enterprise PCL Business Description

Address South Sathorn Road, 43 Thai CC Tower, 21st Floor, Room 214-219, Yannawa, Sathorn, Bangkok, THA, 10120
Winner Group Enterprise PCL is a Thailand-based company involved in the packaged food business sector. It is principally engaged in the manufacture, import, and distribution of raw materials, ingredients, chemicals, food, and consumer products. Its operations are carried out only in Thailand.
88GF Score

Get the complete analysis for BKK:WINNER

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

฿2.28
Price
฿2.28
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