Banpu PCL (FRA:NVAC) Cyclically Adjusted PB Ratio: 0.36 (As of Aug. 05, 2026) — 39% Below Median

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FRA:NVAC Banpu PCL FRA:NVAC
67 GF Score
Price €0.14
GF Value €0.11
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Banpu PCL Cyclically Adjusted PB Ratio?

Banpu PCL FRA:NVAC 67 Cyclically Adjusted PB Ratio is 0.36 as of Aug. 05, 2026, which is 39% below its 10-year median of 0.59. GuruFocus rates FRA:NVAC with a GF Score™ of 67/100 and a GF Value™ of €0.11 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 133 Other Energy Sources companies, Banpu PCL ranks better than 83.46% on this metric.

As of today (2026-08-05), Banpu PCL's current share price is €0.135. Banpu PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.37. Banpu PCL's Cyclically Adjusted PB Ratio for today is 0.36.

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

FRA:NVAC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.59   Max: 1.21
Current: 0.39

During the past years, Banpu PCL's highest Cyclically Adjusted PB Ratio was 1.21. The lowest was 0.26. And the median was 0.59.

FRA:NVAC's Cyclically Adjusted PB Ratio is ranked better than
83.46% of 133 companies
in the Other Energy Sources industry
Industry Median: 1.11 vs FRA:NVAC: 0.39

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.

Banpu PCL's adjusted book value per share data for the three months ended in Mar. 2026 was €0.317. 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 €0.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banpu PCL  (FRA:NVAC) 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.


Banpu PCL Cyclically Adjusted PB Ratio Related Terms


Banpu PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Banpu 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.

Banpu PCL Cyclically Adjusted PB Ratio Chart

Banpu 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 0.65 0.83 0.42 0.39 0.33

Banpu 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 0.27 0.26 0.30 0.33 0.41

Banpu PCL Cyclically Adjusted PB Ratio Competitor Comparison

For the Thermal Coal subindustry, Banpu 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.


Banpu PCL Cyclically Adjusted PB Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Banpu PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:NVAC
67GF Score
Banpu PCL FRA:NVAC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banpu 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.135/0.37
=0.36

* 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.

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

For example, Banpu 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)
=0.317/330.2130*330.2130
=0.317

Current CPI (Mar. 2026) = 330.2130.

Banpu PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.371 241.018 0.508
201609 0.316 241.428 0.432
201612 0.356 241.432 0.487
201703 0.365 243.801 0.494
201706 0.352 244.955 0.475
201709 0.343 246.819 0.459
201712 0.360 246.524 0.482
201803 0.349 249.554 0.462
201806 0.358 251.989 0.469
201809 0.356 252.439 0.466
201812 0.315 251.233 0.414
201903 0.377 254.202 0.490
201906 0.367 256.143 0.473
201909 0.358 256.759 0.460
201912 0.303 256.974 0.389
202003 0.265 258.115 0.339
202006 0.269 257.797 0.345
202009 0.267 260.280 0.339
202012 0.283 260.474 0.359
202103 0.293 264.877 0.365
202106 0.273 271.696 0.332
202109 0.256 274.310 0.308
202112 0.310 278.802 0.367
202203 0.345 287.504 0.396
202206 0.375 296.311 0.418
202209 0.439 296.808 0.488
202212 0.381 296.797 0.424
202303 0.405 301.836 0.443
202306 0.367 305.109 0.397
202309 0.369 307.789 0.396
202312 0.350 306.746 0.377
202403 0.343 312.332 0.363
202406 0.339 314.175 0.356
202409 0.332 315.301 0.348
202412 0.317 315.605 0.332
202503 0.301 319.799 0.311
202506 0.289 322.561 0.296
202509 0.292 324.800 0.297
202512 0.298 324.054 0.304
202603 0.317 330.213 0.317

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 0.36 mean?
Banpu PCL (FRA:NVAC) has a Cyclically Adjusted PB Ratio of 0.36 as of Aug. 05, 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 Banpu PCL and its competitors. This is 39% below median its historical median of 0.59. Over the past decade, Banpu PCL's Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.21. According to the industry distribution chart, Banpu PCL ranks #22 out of 133 companies in the Other Energy Sources industry, placing it in the top 16.5%.
Is Banpu PCL's Cyclically Adjusted PB Ratio too high?
Banpu PCL's current Cyclically Adjusted PB Ratio of 0.36 is 39% below median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.21. The Other Energy Sources industry median Cyclically Adjusted PB Ratio is 1.11. Banpu PCL's value of 0.36 is 67.6% below this industry median. Based on the distribution chart, Banpu PCL ranks #22 out of 133 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Banpu PCL has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banpu PCL's Cyclically Adjusted PB Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, Banpu PCL ranks #22 out of 133 companies for Cyclically Adjusted PB Ratio. This places Banpu PCL in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.11. Banpu PCL's value of 0.36 is 67.6% below this benchmark. Historically, Banpu PCL's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 1.21 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 1.11, Banpu 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 an Other Energy Sources company?
The median Cyclically Adjusted PB Ratio among Other Energy Sources companies is 1.11, based on 133 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. Banpu PCL's current Cyclically Adjusted PB Ratio of 0.36 is 67.6% 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 Banpu PCL and its competitors. For the Other Energy Sources industry, the median Cyclically Adjusted PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banpu PCL's current Cyclically Adjusted PB Ratio is 0.36, which is 39% below 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 Banpu PCL stock overvalued right now?
Based on GuruFocus' analysis, Banpu PCL (FRA:NVAC) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.11, compared to a current price of €0.14 — trading 22.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.36, which is 39% below median its 10-year median of 0.59 and 67.6% below the Other Energy Sources industry median of 1.11. Banpu PCL's overall GF Score™ is 67/100 with 9 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 Banpu PCL (FRA:NVAC), the current Cyclically Adjusted PB Ratio is 0.36 as of Aug. 05, 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 Banpu PCL (FRA:NVAC) Overvalued in 2026?

Based on GuruFocus' analysis, Banpu PCL stock appears to be overvalued. The current stock price of €0.14 is trading 22.7% above its estimated GF Value™ of €0.11. GuruFocus considers Banpu PCL to be Modestly Overvalued.

Key valuation signals for FRA:NVAC:

  • Cyclically Adjusted PB Ratio: 0.36 (39% below median its 10-year median of 0.59)
  • GF Value™: €0.11 vs. price of €0.14 (22.7% above fair value)
  • GF Score™: 67/100 with 9 warning signs
  • Industry Position: 67.6% below the Other Energy Sources median (#22 of 133)

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


Banpu PCL Business Description

Other Exchanges BANPU:ThailandBPFG:Germany
Address New Petchburi Road, 27th Floor, 1550 Thanapoom Tower, Makkasan, Ratchathewi, Bangkok, THA, 10400
Banpu PCL is engaged in four core groups of businesses which are Next-gen mining, U.S. closed-loop gas, Power plus, and Future Tech. The Group has operations in Thailand and overseas which are mainly in the Indonesia, People's Republic of China, Australia, Mongolia, Socialist Republic of Vietnam, Japan, and the United States.
67GF Score

Get the complete analysis for FRA:NVAC

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

€0.14
Price
€0.11
GF Value