Siam City Cement PCL (SGX:TSCD) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

SGX:TSCD Siam City Cement PCL SGX:TSCD
66 GF Score
Price S$1.01
GF Value S$1.05
Valuation Fairly Valued
! 5 Warning Signs
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What is Siam City Cement PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Siam City Cement PCL  (SGX:TSCD) 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.


Siam City Cement PCL Cyclically Adjusted PB Ratio Related Terms


Siam City Cement PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Siam City Cement 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.

Siam City Cement PCL Cyclically Adjusted PB Ratio Chart

Siam City Cement 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 1.43 1.29 1.09 1.28 1.10

Siam City Cement 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 1.10 1.14 1.10 1.05 0.00

SGX:TSCD vs CRH, VMC, MLM: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Siam City Cement 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.


Siam City Cement PCL Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Siam City Cement PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SGX:TSCD
66GF Score
Siam City Cement PCL SGX:TSCD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Siam City Cement 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.

Siam City Cement PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Siam City Cement 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)
=0.441/333.9520*333.9520
=0.441

Current CPI (Jun. 2026) = 333.9520.

Siam City Cement PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.341 241.428 0.472
201612 0.357 241.432 0.494
201703 0.327 243.801 0.448
201706 0.506 244.955 0.690
201709 0.486 246.819 0.658
201712 0.477 246.524 0.646
201803 0.465 249.554 0.622
201806 0.492 251.989 0.652
201809 0.471 252.439 0.623
201812 0.464 251.233 0.617
201903 0.469 254.202 0.616
201906 0.476 256.143 0.621
201909 0.482 256.759 0.627
201912 0.473 256.974 0.615
202003 0.480 258.115 0.621
202006 0.485 257.797 0.628
202009 0.496 260.280 0.636
202012 0.496 260.474 0.636
202103 0.475 264.877 0.599
202106 0.492 271.696 0.605
202109 0.508 274.310 0.618
202112 0.514 278.802 0.616
202203 0.451 287.504 0.524
202206 0.456 296.311 0.514
202209 0.465 296.808 0.523
202212 0.434 296.797 0.488
202303 0.411 301.836 0.455
202306 0.434 305.109 0.475
202309 0.431 307.789 0.468
202312 0.421 306.746 0.458
202403 0.421 312.332 0.450
202406 0.423 314.175 0.450
202409 0.410 315.301 0.434
202412 0.461 315.605 0.488
202503 0.471 319.799 0.492
202506 0.435 322.561 0.450
202509 0.434 324.800 0.446
202512 0.442 324.054 0.456
202603 0.457 330.213 0.462
202606 0.441 333.952 0.441

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 Siam City Cement PCL (SGX:TSCD) Overvalued in 2026?

Based on GuruFocus' analysis, Siam City Cement PCL stock appears to be undervalued. The current stock price of S$1.01 is trading 3.8% below its estimated GF Value™ of S$1.05. GuruFocus considers Siam City Cement PCL to be Fairly Valued.

Key valuation signals for SGX:TSCD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: S$1.05 vs. price of S$1.01 (3.8% below fair value)
  • GF Score™: 66/100 with 5 warning signs

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


Siam City Cement PCL Business Description

Other Exchanges SCCC:Thailand
Address Ratchadapisek Road, 199, 3rd, 10th - 12th Floor, Column Tower, Klongtoey, Bangkok, THA, 10110
Siam City Cement PCL is a Thailand-based company that produces cement-based building materials, wood replacement products, and lightweight concrete blocks through its subsidiaries. The company is composed of five segments: Cement, Concrete & Aggregate, Waste management and Industrial services, Light Building Materials, and Energy. It generates the majority of its revenue from the Cement segment. It sells various cement types, namely Portland, Hydraulic, Mixed, and Masonry, that serve various building, bricklaying, and plastering purposes.
66GF Score

Get the complete analysis for SGX:TSCD

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

S$1.01
Price
S$1.05
GF Value