Bangkok Bank PCL (FRA:BKKF) Cyclically Adjusted PB Ratio: 0.60 (As of Aug. 09, 2026) — Near Median

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FRA:BKKF Bangkok Bank PCL FRA:BKKF
66 GF Score
Price €4.60
GF Value €3.76
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Bangkok Bank PCL Cyclically Adjusted PB Ratio?

Bangkok Bank PCL FRA:BKKF 66 Cyclically Adjusted PB Ratio is 0.60 as of Aug. 09, 2026, which is 2% above its 10-year median of 0.59. GuruFocus rates FRA:BKKF with a GF Score™ of 66/100 and a GF Value™ of €3.76 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,287 Banks companies, Bangkok Bank PCL ranks better than 80.57% on this metric.

As of today (2026-08-09), Bangkok Bank PCL's current share price is €4.60. Bangkok Bank PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €7.70. Bangkok Bank PCL's Cyclically Adjusted PB Ratio for today is 0.60.

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

FRA:BKKF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.59   Max: 1.34
Current: 0.67

During the past years, Bangkok Bank PCL's highest Cyclically Adjusted PB Ratio was 1.34. The lowest was 0.49. And the median was 0.59.

FRA:BKKF's Cyclically Adjusted PB Ratio is ranked better than
80.57% of 1287 companies
in the Banks industry
Industry Median: 1.28 vs FRA:BKKF: 0.67

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.

Bangkok Bank PCL's adjusted book value per share data for the three months ended in Mar. 2026 was €8.117. 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 €7.70 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bangkok Bank PCL  (FRA:BKKF) 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.


Bangkok Bank PCL Cyclically Adjusted PB Ratio Related Terms


Bangkok Bank PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bangkok Bank 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.

Bangkok Bank PCL Cyclically Adjusted PB Ratio Chart

Bangkok Bank 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 0.55 0.61 0.61 0.55 0.59

Bangkok Bank 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 0.53 0.49 0.52 0.59 0.57

Bangkok Bank PCL Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Bangkok Bank 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.


Bangkok Bank PCL Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bangkok Bank PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:BKKF
66GF Score
Bangkok Bank PCL FRA:BKKF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bangkok Bank 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.

Bangkok Bank PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.60/7.70
=0.60

* 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.

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

For example, Bangkok Bank 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)
=8.117/330.2130*330.2130
=8.117

Current CPI (Mar. 2026) = 330.2130.

Bangkok Bank PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.880 241.018 6.686
201609 4.987 241.428 6.821
201612 5.261 241.432 7.196
201703 5.420 243.801 7.341
201706 5.275 244.955 7.111
201709 5.213 246.819 6.974
201712 5.452 246.524 7.303
201803 5.511 249.554 7.292
201806 5.519 251.989 7.232
201809 5.575 252.439 7.293
201812 5.812 251.233 7.639
201903 6.213 254.202 8.071
201906 6.308 256.143 8.132
201909 6.696 256.759 8.612
201912 6.679 256.974 8.583
202003 6.128 258.115 7.840
202006 6.548 257.797 8.387
202009 6.231 260.280 7.905
202012 6.428 260.474 8.149
202103 6.576 264.877 8.198
202106 6.470 271.696 7.863
202109 6.550 274.310 7.885
202112 6.807 278.802 8.062
202203 7.121 287.504 8.179
202206 7.018 296.311 7.821
202209 7.281 296.808 8.100
202212 7.188 296.797 7.997
202303 7.315 301.836 8.003
202306 7.211 305.109 7.804
202309 7.224 307.789 7.750
202312 7.264 306.746 7.820
202403 7.448 312.332 7.874
202406 7.230 314.175 7.599
202409 7.790 315.301 8.158
202412 8.133 315.605 8.509
202503 8.082 319.799 8.345
202506 7.988 322.561 8.177
202509 8.163 324.800 8.299
202512 8.132 324.054 8.287
202603 8.117 330.213 8.117

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 0.60 mean?
Bangkok Bank PCL (FRA:BKKF) has a Cyclically Adjusted PB Ratio of 0.60 as of Aug. 09, 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 Bangkok Bank PCL and its competitors. This is near median its historical median of 0.59. Over the past decade, Bangkok Bank PCL's Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.34. According to the industry distribution chart, Bangkok Bank PCL ranks #250 out of 1287 companies in the Banks industry, placing it in the top 19.4%.
Is Bangkok Bank PCL's Cyclically Adjusted PB Ratio too high?
Bangkok Bank PCL's current Cyclically Adjusted PB Ratio of 0.60 is near median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.34. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. Bangkok Bank PCL's value of 0.60 is 53.1% below this industry median. Based on the distribution chart, Bangkok Bank PCL ranks #250 out of 1287 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Bangkok Bank PCL has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bangkok Bank PCL's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, Bangkok Bank PCL ranks #250 out of 1287 companies for Cyclically Adjusted PB Ratio. This places Bangkok Bank PCL in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.28. Bangkok Bank PCL's value of 0.60 is 53.1% below this benchmark. Historically, Bangkok Bank PCL's own Cyclically Adjusted PB Ratio has ranged from 0.49 to 1.34 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 1.28, Bangkok Bank 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.28, based on 1,287 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. Bangkok Bank PCL's current Cyclically Adjusted PB Ratio of 0.60 is 53.1% 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 Bangkok Bank PCL and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Bank PCL's current Cyclically Adjusted PB Ratio is 0.60, which is near median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Bank PCL stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Bank PCL (FRA:BKKF) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.76, compared to a current price of €4.60 — trading 22.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.60, which is near median its 10-year median of 0.59 and 53.1% below the Banks industry median of 1.28. Bangkok Bank PCL's overall GF Score™ is 66/100 with 5 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 Bangkok Bank PCL (FRA:BKKF), the current Cyclically Adjusted PB Ratio is 0.60 as of Aug. 09, 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 Bangkok Bank PCL (FRA:BKKF) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Bank PCL stock appears to be overvalued. The current stock price of €4.60 is trading 22.3% above its estimated GF Value™ of €3.76. GuruFocus considers Bangkok Bank PCL to be Modestly Overvalued.

Key valuation signals for FRA:BKKF:

  • Cyclically Adjusted PB Ratio: 0.60 (near median its 10-year median of 0.59)
  • GF Value™: €3.76 vs. price of €4.60 (22.3% above fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 53.1% below the Banks median (#250 of 1287)

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


Bangkok Bank PCL Business Description

Address 333 Silom Road, Bangrak, Bangkok, THA, 10500
Bangkok Bank PCL is a Thai commercial bank with some international exposure. The bank's operaing segments are: Domestic banking, International banking, Investment banking, and Others. The majority of its revenue is generated from the Domestic banking segment, which provides financial services in domestic market. The main products and services offered under this segment are loans, deposits, trade finance, remittances and payments, electronic services, credit cards, debit cards and other related financial services. The International banking segment provides financial services through overseas branches and subsidiaries, and the Investment banking segment provides project services, corporate finance services, financial advisory services, securities business services, etc.
66GF Score

Get the complete analysis for FRA:BKKF

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

€4.60
Price
€3.76
GF Value