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.
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.
Tipco Asphalt PCLFRA:TPY1 79 Cyclically Adjusted PB Ratio is 1.28 as of Jul. 30, 2026, which is 50% below its 10-year median of 2.56. GuruFocus rates FRA:TPY1 with a GF Score™ of 79/100 and a GF Value™ of €0.33 (Fairly Valued). The stock has 6 warning signs investors should review. Among 315 Building Materials companies, Tipco Asphalt PCL ranks worse than 60% on this metric.
The historical rank and industry rank for Tipco Asphalt PCL's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:TPY1'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.21 Med: 2.56 Max: 7.39
Current: 1.31
During the past years, Tipco Asphalt PCL's highest Cyclically Adjusted PB Ratio was 7.39. The lowest was 1.21. And the median was 2.56.
FRA:TPY1's Cyclically Adjusted PB Ratio is ranked worse than 60% of 315
companies
in the Building Materials industry
Industry Median: 0.98
vs FRA:TPY1: 1.31
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.
Tipco Asphalt PCL's adjusted book value per share data for the three months ended in Mar. 2026 was €0.238. 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 €0.26 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tipco Asphalt PCL (FRA:TPY1) 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.
Tipco Asphalt PCL Cyclically Adjusted PB Ratio Related Terms
Tipco Asphalt PCL Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Tipco Asphalt 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.
Tipco Asphalt PCL Cyclically Adjusted PB Ratio Chart
FRA:TPY1 vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison
For the Building Materials subindustry, Tipco Asphalt 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.
Tipco Asphalt PCL Cyclically Adjusted PB Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Tipco Asphalt PCL's Cyclically Adjusted PB Ratio falls into.
Tipco Asphalt 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.
Tipco Asphalt PCL's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.28 mean?
Tipco Asphalt PCL (FRA:TPY1) has a Cyclically Adjusted PB Ratio of 1.28 as of Jul. 30, 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 Tipco Asphalt PCL and its competitors. This is 50% below median its historical median of 2.56. Over the past decade, Tipco Asphalt PCL's Cyclically Adjusted PB Ratio has ranged from 1.21 to 7.39. According to the industry distribution chart, Tipco Asphalt PCL ranks #189 out of 315 companies in the Building Materials industry, placing it in the top 60%.
Is Tipco Asphalt PCL's Cyclically Adjusted PB Ratio too high?
Tipco Asphalt PCL's current Cyclically Adjusted PB Ratio of 1.28 is 50% below median its 10-year median of 2.56. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 7.39. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.98. Tipco Asphalt PCL's value of 1.28 is 30.6% above this industry median. Based on the distribution chart, Tipco Asphalt PCL ranks #189 out of 315 companies in the Building Materials industry, which is below the industry midpoint. Overall, Tipco Asphalt PCL has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tipco Asphalt PCL's Cyclically Adjusted PB Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Tipco Asphalt PCL ranks #189 out of 315 companies for Cyclically Adjusted PB Ratio. This places Tipco Asphalt PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. Tipco Asphalt PCL's value of 1.28 is 30.6% above this benchmark. Historically, Tipco Asphalt PCL's own Cyclically Adjusted PB Ratio has ranged from 1.21 to 7.39 over the past decade. While the company's 10-year median is 2.56 vs. the industry median of 0.98, Tipco Asphalt 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 Building Materials company?
The median Cyclically Adjusted PB Ratio among Building Materials companies is 0.98, based on 315 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. Tipco Asphalt PCL's current Cyclically Adjusted PB Ratio of 1.28 is 30.6% 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 Tipco Asphalt PCL and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tipco Asphalt PCL's current Cyclically Adjusted PB Ratio is 1.28, which is 50% below median its own 10-year median of 2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tipco Asphalt PCL stock overvalued right now?
Based on GuruFocus' analysis, Tipco Asphalt PCL (FRA:TPY1) is currently considered Fairly Valued. The stock's GF Value™ is €0.33, compared to a current price of €0.33 — trading 1.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.28, which is 50% below median its 10-year median of 2.56 and 30.6% above the Building Materials industry median of 0.98. Tipco Asphalt PCL's overall GF Score™ is 79/100 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 Tipco Asphalt PCL (FRA:TPY1), the current Cyclically Adjusted PB Ratio is 1.28 as of Jul. 30, 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 Tipco Asphalt PCL (FRA:TPY1) Overvalued in 2026?
Based on GuruFocus' analysis, Tipco Asphalt PCL stock appears to be overvalued.
The current stock price of €0.33 is trading 1.2% above its estimated GF Value™ of €0.33.
GuruFocus considers Tipco Asphalt PCL to be Fairly Valued.
Key valuation signals for FRA:TPY1:
Cyclically Adjusted PB Ratio: 1.28 (50% below median its 10-year median of 2.56)
GF Value™: €0.33 vs. price of €0.33 (1.2% above fair value)
Industry Position: 30.6% above the Building Materials median (#189 of 315)
No single metric tells the full story. See the FRA:TPY1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tipco Asphalt PCL is engaged in the production and sale of asphalt and petroleum-related products, as well as the provision of construction materials and related services. The company operates through two reportable segments: the Construction segment and the Manufacturing and Trading segment. The Construction segment conducts construction services related to highway construction and road rehabilitation in Thailand. The Manufacturing and Trading segment is involved in the manufacturing and trading of asphalt, petroleum oil products, and asphalt concrete in both domestic and overseas markets, supported by marine logistics operations. It generates the majority of its revenue from the Manufacturing and Trading segment.
79GF Score
Get the complete analysis for FRA:TPY1
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:TPY1 has been successfully added to your 
