SICUF (Siam City Cement PCL) Cyclically Adjusted PB Ratio: 1.10 (As of Sep. 10, 2026) — 18% Below Median

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SICUF Siam City Cement PCL SICUF
79 GF Score
Price $4.55
GF Value $4.78
! 4 Warning Signs
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What is Siam City Cement PCL Cyclically Adjusted PB Ratio?

Siam City Cement PCL SICUF 79 Cyclically Adjusted PB Ratio is 1.10 as of Sep. 10, 2026, which is 18% below its 10-year median of 1.34. GuruFocus rates SICUF with a GF Score™ of 79/100 and a GF Value™ of $4.78. The stock has 4 warning signs investors should review. Among 284 Building Materials companies, Siam City Cement PCL ranks worse than 55.28% on this metric.

As of today (2026-09-10), Siam City Cement PCL's current share price is $4.55. Siam City Cement PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $4.14. Siam City Cement PCL's Cyclically Adjusted PB Ratio for today is 1.10.

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

SICUF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.03   Med: 1.34   Max: 3.88
Current: 1.14

During the past years, Siam City Cement PCL's highest Cyclically Adjusted PB Ratio was 3.88. The lowest was 1.03. And the median was 1.34.

SICUF's Cyclically Adjusted PB Ratio is ranked worse than
55.28% of 284 companies
in the Building Materials industry
Industry Median: 0.97 vs SICUF: 1.14

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.

Siam City Cement PCL's adjusted book value per share data for the three months ended in Jun. 2026 was $3.421. 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 $4.14 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Siam City Cement PCL  (OTCPK:SICUF) 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 1.10

SICUF vs CRH, MLM, VMC: 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.


SICUF
79GF Score
Siam City Cement PCL SICUF
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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.55/4.14
=1.10

* 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'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)
=3.421/333.9520*333.9520
=3.421

Current CPI (Jun. 2026) = 333.9520.

Siam City Cement PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.506 241.428 3.466
201612 2.487 241.432 3.440
201703 2.331 243.801 3.193
201706 3.661 244.955 4.991
201709 3.604 246.819 4.876
201712 3.546 246.524 4.804
201803 3.535 249.554 4.731
201806 3.650 251.989 4.837
201809 3.433 252.439 4.542
201812 3.389 251.233 4.505
201903 3.463 254.202 4.549
201906 3.493 256.143 4.554
201909 3.492 256.759 4.542
201912 3.489 256.974 4.534
202003 3.389 258.115 4.385
202006 3.483 257.797 4.512
202009 3.629 260.280 4.656
202012 3.722 260.474 4.772
202103 3.537 264.877 4.459
202106 3.692 271.696 4.538
202109 3.765 274.310 4.584
202112 3.771 278.802 4.517
202203 3.323 287.504 3.860
202206 3.298 296.311 3.717
202209 3.284 296.808 3.695
202212 3.208 296.797 3.610
202303 3.065 301.836 3.391
202306 3.220 305.109 3.524
202309 3.159 307.789 3.428
202312 3.164 306.746 3.445
202403 3.138 312.332 3.355
202406 3.130 314.175 3.327
202409 3.168 315.301 3.355
202412 3.410 315.605 3.608
202503 3.524 319.799 3.680
202506 3.394 322.561 3.514
202509 3.380 324.800 3.475
202512 3.422 324.054 3.527
202603 3.575 330.213 3.615
202606 3.421 333.952 3.421

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 1.10 mean?
Siam City Cement PCL (SICUF) has a Cyclically Adjusted PB Ratio of 1.10 as of Sep. 10, 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 Siam City Cement PCL and its competitors. This is 18% below median its historical median of 1.34. Over the past decade, Siam City Cement PCL's Cyclically Adjusted PB Ratio has ranged from 1.03 to 3.88. According to the industry distribution chart, Siam City Cement PCL ranks #157 out of 284 companies in the Building Materials industry, placing it in the top 55.3%.
Is Siam City Cement PCL's Cyclically Adjusted PB Ratio too high?
Siam City Cement PCL's current Cyclically Adjusted PB Ratio of 1.10 is 18% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 3.88. The Building Materials industry median Cyclically Adjusted PB Ratio is 0.97. Siam City Cement PCL's value of 1.10 is 13.4% above this industry median. Based on the distribution chart, Siam City Cement PCL ranks #157 out of 284 companies in the Building Materials industry, which is below the industry midpoint. Overall, Siam City Cement PCL has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Siam City Cement PCL's Cyclically Adjusted PB Ratio compare to CRH and MLM?
According to the Building Materials industry distribution chart, Siam City Cement PCL ranks #157 out of 284 companies for Cyclically Adjusted PB Ratio. This places Siam City Cement PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Siam City Cement PCL's value of 1.10 is 13.4% above this benchmark. Historically, Siam City Cement PCL's own Cyclically Adjusted PB Ratio has ranged from 1.03 to 3.88 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 0.97, Siam City Cement 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 0.97, based on 284 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. Siam City Cement PCL's current Cyclically Adjusted PB Ratio of 1.10 is 13.4% 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 Siam City Cement PCL and its competitors. For the Building Materials industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siam City Cement PCL's current Cyclically Adjusted PB Ratio is 1.10, which is 18% below median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siam City Cement PCL stock overvalued right now?
Siam City Cement PCL (SICUF) has a current Cyclically Adjusted PB Ratio of 1.10. The stock's GF Value™ is $4.78, compared to a current price of $4.55 — trading 4.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.10, which is 18% below median its 10-year median of 1.34 and 13.4% above the Building Materials industry median of 0.97. Siam City Cement PCL's overall GF Score™ is 79/100 with 4 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 Siam City Cement PCL (SICUF), the current Cyclically Adjusted PB Ratio is 1.10 as of Sep. 10, 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 Siam City Cement PCL (SICUF) Overvalued in 2026?

Based on GuruFocus' analysis, Siam City Cement PCL stock appears to be undervalued. The current stock price of $4.55 is trading 4.8% below its estimated GF Value™ of $4.78.

Key valuation signals for SICUF:

  • Cyclically Adjusted PB Ratio: 1.10 (18% below median its 10-year median of 1.34)
  • GF Value™: $4.78 vs. price of $4.55 (4.8% below fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 13.4% above the Building Materials median (#157 of 284)

No single metric tells the full story. See the SICUF 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:ThailandTSCD:Singapore
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.
79GF Score

Get the complete analysis for SICUF

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

$4.55
Price
$4.78
GF Value