Kasikornbank Public Co (FRA:TFBF) Cyclically Adjusted PB Ratio: 1.05 (As of Jul. 31, 2026) — 13% Above Median

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FRA:TFBF Kasikornbank Public Co Ltd FRA:TFBF
56 GF Score
Price €6.05
GF Value €3.65
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Kasikornbank Public Co Cyclically Adjusted PB Ratio?

Kasikornbank Public Co FRA:TFBF -1.63% 56 Cyclically Adjusted PB Ratio is 1.05 as of Jul. 31, 2026, which is 13% above its 10-year median of 0.93. GuruFocus rates FRA:TFBF with a GF Score™ of 56/100 and a GF Value™ of €3.65 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,288 Banks companies, Kasikornbank Public Co ranks better than 60.95% on this metric.

As of today (2026-07-31), Kasikornbank Public Co's current share price is €6.05. Kasikornbank Public Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €5.75. Kasikornbank Public Co's Cyclically Adjusted PB Ratio for today is 1.05.

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

FRA:TFBF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.93   Max: 2.66
Current: 1.08

During the past years, Kasikornbank Public Co's highest Cyclically Adjusted PB Ratio was 2.66. The lowest was 0.59. And the median was 0.93.

FRA:TFBF's Cyclically Adjusted PB Ratio is ranked better than
60.95% of 1288 companies
in the Banks industry
Industry Median: 1.26 vs FRA:TFBF: 1.08

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.

Kasikornbank Public Co's adjusted book value per share data for the three months ended in Mar. 2026 was €6.642. 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 €5.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kasikornbank Public Co  (FRA:TFBF) 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.


Kasikornbank Public Co Cyclically Adjusted PB Ratio Related Terms


Kasikornbank Public Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kasikornbank Public Co'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.

Kasikornbank Public Co Cyclically Adjusted PB Ratio Chart

Kasikornbank Public Co 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 0.95 0.86 0.72 0.77 0.90

Kasikornbank Public Co 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 0.78 0.72 0.78 0.90 0.86

Kasikornbank Public Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Kasikornbank Public Co'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.


Kasikornbank Public Co Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Kasikornbank Public Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kasikornbank Public Co's Cyclically Adjusted PB Ratio falls into.


FRA:TFBF
56GF Score
Kasikornbank Public Co Ltd FRA:TFBF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kasikornbank Public Co 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.

Kasikornbank Public Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.05/5.75
=1.05

* 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.

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

For example, Kasikornbank Public Co'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)
=6.642/330.2130*330.2130
=6.642

Current CPI (Mar. 2026) = 330.2130.

Kasikornbank Public Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.164 241.018 4.335
201609 3.331 241.428 4.556
201612 3.562 241.432 4.872
201703 3.726 243.801 5.047
201706 3.656 244.955 4.928
201709 3.623 246.819 4.847
201712 3.774 246.524 5.055
201803 3.910 249.554 5.174
201806 3.977 251.989 5.212
201809 4.073 252.439 5.328
201812 4.226 251.233 5.555
201903 4.567 254.202 5.933
201906 4.707 256.143 6.068
201909 4.979 256.759 6.403
201912 5.061 256.974 6.503
202003 4.841 258.115 6.193
202006 4.843 257.797 6.203
202009 4.668 260.280 5.922
202012 5.071 260.474 6.429
202103 5.204 264.877 6.488
202106 5.090 271.696 6.186
202109 5.033 274.310 6.059
202112 5.306 278.802 6.284
202203 5.628 287.504 6.464
202206 5.590 296.311 6.230
202209 5.753 296.808 6.400
202212 5.767 296.797 6.416
202303 5.861 301.836 6.412
202306 5.762 305.109 6.236
202309 5.788 307.789 6.210
202312 5.897 306.746 6.348
202403 5.921 312.332 6.260
202406 5.815 314.175 6.112
202409 6.302 315.301 6.600
202412 6.714 315.605 7.025
202503 6.750 319.799 6.970
202506 6.439 322.561 6.592
202509 6.592 324.800 6.702
202512 6.634 324.054 6.760
202603 6.642 330.213 6.642

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 1.05 mean?
Kasikornbank Public Co (FRA:TFBF) has a Cyclically Adjusted PB Ratio of 1.05 as of Jul. 31, 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 Kasikornbank Public Co and its competitors. This is 13% above median its historical median of 0.93. Over the past decade, Kasikornbank Public Co's Cyclically Adjusted PB Ratio has ranged from 0.59 to 2.66. According to the industry distribution chart, Kasikornbank Public Co ranks #503 out of 1288 companies in the Banks industry, placing it in the top 39.1%.
Is Kasikornbank Public Co's Cyclically Adjusted PB Ratio too high?
Kasikornbank Public Co's current Cyclically Adjusted PB Ratio of 1.05 is 13% above median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.66. The Banks industry median Cyclically Adjusted PB Ratio is 1.26. Kasikornbank Public Co's value of 1.05 is 16.7% below this industry median. Based on the distribution chart, Kasikornbank Public Co ranks #503 out of 1288 companies in the Banks industry, which is above the industry midpoint. Overall, Kasikornbank Public Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kasikornbank Public Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, Kasikornbank Public Co ranks #503 out of 1288 companies for Cyclically Adjusted PB Ratio. This puts Kasikornbank Public Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Kasikornbank Public Co's value of 1.05 is 16.7% below this benchmark. Historically, Kasikornbank Public Co's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 2.66 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 1.26, Kasikornbank Public Co 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 1.26, based on 1,288 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. Kasikornbank Public Co's current Cyclically Adjusted PB Ratio of 1.05 is 16.7% 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 Kasikornbank Public Co and its competitors. For the Banks 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. Kasikornbank Public Co's current Cyclically Adjusted PB Ratio is 1.05, which is 13% above median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kasikornbank Public Co stock overvalued right now?
Based on GuruFocus' analysis, Kasikornbank Public Co (FRA:TFBF) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.65, compared to a current price of €6.05 — trading 65.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.05, which is 13% above median its 10-year median of 0.93 and 16.7% below the Banks industry median of 1.26. Kasikornbank Public Co's overall GF Score™ is 56/100 with 6 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 Kasikornbank Public Co (FRA:TFBF), the current Cyclically Adjusted PB Ratio is 1.05 as of Jul. 31, 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 Kasikornbank Public Co (FRA:TFBF) Overvalued in 2026?

Based on GuruFocus' analysis, Kasikornbank Public Co stock appears to be overvalued. The current stock price of €6.05 is trading 65.8% above its estimated GF Value™ of €3.65. GuruFocus considers Kasikornbank Public Co to be Significantly Overvalued.

Key valuation signals for FRA:TFBF:

  • Cyclically Adjusted PB Ratio: 1.05 (13% above median its 10-year median of 0.93)
  • GF Value™: €3.65 vs. price of €6.05 (65.8% above fair value)
  • GF Score™: 56/100 with 6 warning signs
  • Industry Position: 16.7% below the Banks median (#503 of 1288)

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


Kasikornbank Public Co Business Description

Address 400/22 Phahon Yothin Road, Sam Sen Nai Sub-District, Phaya Thai District, Bangkok, THA, 10400
Kasikornbank Public Co Ltd is a commercial bank operating in Thailand. The corporate business customers of the company include public and private companies, government-backed enterprises or agencies, and financial institutions. The corporate business provides a variety of financial products and services, such as loans, working capital, cash management, and value chain solutions. The retail business focuses on individual customers and offers loans and deposits, debit and credit cards, financial planning, and transactional banking services. The treasury and capital markets business includes funding, risk management, foreign currency exchange services, and other related businesses.
56GF Score

Get the complete analysis for FRA:TFBF

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

€6.05
Price
€3.65
GF Value