WP Energy PCL (BKK:WP-R) Cyclically Adjusted PB Ratio: 1.52 (As of Aug. 26, 2026) — Near Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:WP-R WP Energy PCL BKK:WP-R
77 GF Score
Price ฿3.78
GF Value ฿3.72
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is WP Energy PCL Cyclically Adjusted PB Ratio?

WP Energy PCL BKK:WP-R 77 Cyclically Adjusted PB Ratio is 1.52 as of Aug. 26, 2026, which is 7% below its 10-year median of 1.64. GuruFocus rates BKK:WP-R with a GF Score™ of 77/100 and a GF Value™ of ฿3.72 (Fairly Valued). The stock has 4 warning signs investors should review. Among 425 Utilities - Regulated companies, WP Energy PCL ranks better than 50.12% on this metric.

As of today (2026-08-26), WP Energy PCL's current share price is ฿3.78. WP Energy PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿2.48. WP Energy PCL's Cyclically Adjusted PB Ratio for today is 1.52.

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

BKK:WP-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.47   Med: 1.64   Max: 1.89
Current: 1.51

During the past years, WP Energy PCL's highest Cyclically Adjusted PB Ratio was 1.89. The lowest was 1.47. And the median was 1.64.

BKK:WP-R's Cyclically Adjusted PB Ratio is ranked better than
50.12% of 425 companies
in the Utilities - Regulated industry
Industry Median: 1.52 vs BKK:WP-R: 1.51

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.

WP Energy PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿2.397. 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 ฿2.48 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


WP Energy PCL  (BKK:WP-R) 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.


WP Energy PCL Cyclically Adjusted PB Ratio Related Terms


WP Energy PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for WP Energy 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.

WP Energy PCL Cyclically Adjusted PB Ratio Chart

WP Energy 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 1.73 1.65

WP Energy 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 1.65 1.74 1.65 1.57 1.52

BKK:WP-R vs ATO, NI, UGI: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Gas subindustry, WP Energy 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.


WP Energy PCL Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, WP Energy PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:WP-R
77GF Score
WP Energy PCL BKK:WP-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WP Energy 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.

WP Energy PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.78/2.48
=1.52

* 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.

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

For example, WP Energy 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)
=2.397/333.9520*333.9520
=2.397

Current CPI (Jun. 2026) = 333.9520.

WP Energy PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.187 241.428 0.259
201612 0.194 241.432 0.268
201703 0.197 243.801 0.270
201706 0.225 244.955 0.307
201709 1.303 246.819 1.763
201712 1.294 246.524 1.753
201803 1.444 249.554 1.932
201806 1.605 251.989 2.127
201809 1.777 252.439 2.351
201812 1.914 251.233 2.544
201903 2.047 254.202 2.689
201906 2.145 256.143 2.797
201909 2.408 256.759 3.132
201912 2.463 256.974 3.201
202003 2.342 258.115 3.030
202006 2.281 257.797 2.955
202009 2.403 260.280 3.083
202012 2.499 260.474 3.204
202103 2.660 264.877 3.354
202106 2.509 271.696 3.084
202109 2.487 274.310 3.028
202112 2.534 278.802 3.035
202203 2.573 287.504 2.989
202206 2.507 296.311 2.825
202209 2.597 296.808 2.922
202212 2.605 296.797 2.931
202303 2.681 301.836 2.966
202306 2.482 305.109 2.717
202309 2.530 307.789 2.745
202312 2.573 306.746 2.801
202403 2.637 312.332 2.820
202406 2.429 314.175 2.582
202409 2.503 315.301 2.651
202412 2.572 315.605 2.722
202503 2.648 319.799 2.765
202506 2.384 322.561 2.468
202509 2.460 324.800 2.529
202512 2.531 324.054 2.608
202603 2.618 330.213 2.648
202606 2.397 333.952 2.397

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 1.52 mean?
WP Energy PCL (BKK:WP-R) has a Cyclically Adjusted PB Ratio of 1.52 as of Aug. 26, 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 WP Energy PCL and its competitors. This is near median its historical median of 1.64. Over the past decade, WP Energy PCL's Cyclically Adjusted PB Ratio has ranged from 1.47 to 1.89. According to the industry distribution chart, WP Energy PCL ranks #212 out of 425 companies in the Utilities - Regulated industry, placing it in the top 49.9%.
Is WP Energy PCL's Cyclically Adjusted PB Ratio too high?
WP Energy PCL's current Cyclically Adjusted PB Ratio of 1.52 is near median its 10-year median of 1.64. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 1.89. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. WP Energy PCL's value of 1.52 is 0% at this industry median. Based on the distribution chart, WP Energy PCL ranks #212 out of 425 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, WP Energy PCL has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does WP Energy PCL's Cyclically Adjusted PB Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, WP Energy PCL ranks #212 out of 425 companies for Cyclically Adjusted PB Ratio. This puts WP Energy PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. WP Energy PCL's value of 1.52 is 0% at this benchmark. Historically, WP Energy PCL's own Cyclically Adjusted PB Ratio has ranged from 1.47 to 1.89 over the past decade. While the company's 10-year median is 1.64 vs. the industry median of 1.52, WP Energy PCL has consistently been at 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.52, based on 425 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. WP Energy PCL's current Cyclically Adjusted PB Ratio of 1.52 is 0% at 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 WP Energy PCL and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WP Energy PCL's current Cyclically Adjusted PB Ratio is 1.52, which is near median its own 10-year median of 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WP Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, WP Energy PCL (BKK:WP-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿3.72, compared to a current price of ฿3.78 — trading 1.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.52, which is near median its 10-year median of 1.64 and 0% at the Utilities - Regulated industry median of 1.52. WP Energy PCL's overall GF Score™ is 77/100 with 4 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 WP Energy PCL (BKK:WP-R), the current Cyclically Adjusted PB Ratio is 1.52 as of Aug. 26, 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 WP Energy PCL (BKK:WP-R) Overvalued in 2026?

Based on GuruFocus' analysis, WP Energy PCL stock appears to be overvalued. The current stock price of ฿3.78 is trading 1.6% above its estimated GF Value™ of ฿3.72. GuruFocus considers WP Energy PCL to be Fairly Valued.

Key valuation signals for BKK:WP-R:

  • Cyclically Adjusted PB Ratio: 1.52 (near median its 10-year median of 1.64)
  • GF Value™: ฿3.72 vs. price of ฿3.78 (1.6% above fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 0% at the Utilities - Regulated median (#212 of 425)

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


WP Energy PCL Business Description

Other Exchanges WP:Thailand
Address Vibhavadi Rangsit Road, Soi Viphavadi Rangsit 5, 1 East Water Buildings, 15th Floor, Chom Pon Sub-district, Chatuchak District, Bangkok, THA, 10900
WP Energy PCL is a comprehensive energy group mainly involved in the trading of liquid petroleum gas under the World Gas brand. It serves gas retailers, gas stations, bottling plants, industrial and commercial clients, and also engages in trading within the ASEAN region. The group also offers: engineering, installation, and maintenance services for gas stations and gas distribution systems; solar rooftop solutions; and transports oil, gas, and chemical substances. Its main business segments are: Trading of Liquefied Petroleum Gas (LPG), petroleum by-products and other related businesses, which generate maximum revenue; and Transportation of oil, gas and chemical substances. Geographically, the group generates maximum revenue from Thailand, followed by Singapore and Vietnam.
77GF Score

Get the complete analysis for BKK:WP-R

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

฿3.78
Price
฿3.72
GF Value