RJIFF (Rojana Industrial Park PCL) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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.

RJIFF Rojana Industrial Park PCL RJIFF
70 GF Score
Price $0.18
GF Value $0.13
! 9 Warning Signs
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What is Rojana Industrial Park PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Rojana Industrial Park PCL  (OTCPK:RJIFF) 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.


Rojana Industrial Park PCL Cyclically Adjusted PB Ratio Related Terms


Rojana Industrial Park PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Rojana Industrial Park 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.

Rojana Industrial Park PCL Cyclically Adjusted PB Ratio Chart

Rojana Industrial Park 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 0.38 0.36 0.45 0.49 0.50

Rojana Industrial Park 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 0.51 0.51 0.52 0.52 0.51

RJIFF vs CEG, VST, NRG: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Independent Power Producers subindustry, Rojana Industrial Park 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.


Rojana Industrial Park PCL Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Rojana Industrial Park PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


RJIFF
70GF Score
Rojana Industrial Park PCL RJIFF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Rojana Industrial Park 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.

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

For example, Rojana Industrial Park 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)
=0.356/333.9520*333.9520
=0.356

Current CPI (Jun. 2026) = 333.9520.

Rojana Industrial Park PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 241.428 0.000
201612 0.348 241.432 0.481
201703 0.243 243.801 0.333
201706 0.253 244.955 0.345
201709 0.257 246.819 0.348
201712 0.271 246.524 0.367
201803 0.287 249.554 0.384
201806 0.261 251.989 0.346
201809 0.268 252.439 0.355
201812 0.267 251.233 0.355
201903 0.286 254.202 0.376
201906 0.298 256.143 0.389
201909 0.312 256.759 0.406
201912 0.315 256.974 0.409
202003 0.276 258.115 0.357
202006 0.308 257.797 0.399
202009 0.305 260.280 0.391
202012 0.336 260.474 0.431
202103 0.330 264.877 0.416
202106 0.321 271.696 0.395
202109 0.271 274.310 0.330
202112 0.282 278.802 0.338
202203 0.295 287.504 0.343
202206 0.263 296.311 0.296
202209 0.245 296.808 0.276
202212 0.279 296.797 0.314
202303 0.286 301.836 0.316
202306 0.266 305.109 0.291
202309 0.262 307.789 0.284
202312 0.289 306.746 0.315
202403 0.272 312.332 0.291
202406 0.270 314.175 0.287
202409 0.345 315.301 0.365
202412 0.337 315.605 0.357
202503 0.332 319.799 0.347
202506 0.322 322.561 0.333
202509 0.334 324.800 0.343
202512 0.343 324.054 0.353
202603 0.364 330.213 0.368
202606 0.356 333.952 0.356

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.

Is Rojana Industrial Park PCL (RJIFF) Overvalued in 2026?

Based on GuruFocus' analysis, Rojana Industrial Park PCL stock appears to be overvalued. The current stock price of $0.18 is trading 38.5% above its estimated GF Value™ of $0.13.

Key valuation signals for RJIFF:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.13 vs. price of $0.18 (38.5% above fair value)
  • GF Score™: 70/100 with 9 warning signs

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


Rojana Industrial Park PCL Business Description

Other Exchanges ROJNA:Thailand
Address New Petchaburi Road, 2034/115 Ital Thai Tower, 26th Floor, Bang Kapi, Huai Khwang, Bangkok, THA, 10310
Rojana Industrial Park PCL is engaged in the development of industrial estate at Ayutthaya, Rayong, and Chonburi Provinces. The segments of the company comprise Real estate development & related services, Electricity generating, Production & distribution of industrial water. The majority of revenue is derived from the sales of electricity business. Geographically it only operates in Thailand.
70GF Score

Get the complete analysis for RJIFF

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

$0.18
Price
$0.13
GF Value