Thien Long Group (STC:TLG) Cyclically Adjusted PB Ratio: 2.17 (As of Jul. 14, 2026) — 11% Below Median

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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.

STC:TLG Thien Long Group Corp STC:TLG
99 GF Score
Price ₫48,100.00
GF Value ₫56,621.20
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Thien Long Group Cyclically Adjusted PB Ratio?

Thien Long Group STC:TLG -1.94% 99 Cyclically Adjusted PB Ratio is 2.17 as of Jul. 14, 2026, which is 11% below its 10-year median of 2.45. GuruFocus rates STC:TLG with a GF Score™ of 99/100 and a GF Value™ of ₫56,621.20 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,296 Industrial Products companies, Thien Long Group ranks better than 50.35% on this metric.

As of today (2026-07-14), Thien Long Group's current share price is ₫48100.00. Thien Long Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₫22,180.75. Thien Long Group's Cyclically Adjusted PB Ratio for today is 2.17.

The historical rank and industry rank for Thien Long Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

STC:TLG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.06   Med: 2.45   Max: 3.59
Current: 2.2

During the past years, Thien Long Group's highest Cyclically Adjusted PB Ratio was 3.59. The lowest was 2.06. And the median was 2.45.

STC:TLG's Cyclically Adjusted PB Ratio is ranked better than
50.35% of 2296 companies
in the Industrial Products industry
Industry Median: 2.215 vs STC:TLG: 2.20

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.

Thien Long Group's adjusted book value per share data for the three months ended in Mar. 2026 was ₫24,822.391. 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 ₫22,180.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thien Long Group  (STC:TLG) 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.


Thien Long Group Cyclically Adjusted PB Ratio Related Terms


Thien Long Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Thien Long Group'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.

Thien Long Group Cyclically Adjusted PB Ratio Chart

Thien Long Group 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 2.62 2.59 2.36 3.02 2.31

Thien Long Group 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 2.54 2.31 2.27 2.31 2.19

Thien Long Group Cyclically Adjusted PB Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Thien Long Group'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.


Thien Long Group Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thien Long Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Thien Long Group's Cyclically Adjusted PB Ratio falls into.


STC:TLG
99GF Score
Thien Long Group Corp STC:TLG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thien Long Group 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.

Thien Long Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=48100.00/22180.75
=2.17

* 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.

Thien Long Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Thien Long Group'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)
=24822.391/330.2130*330.2130
=24,822.391

Current CPI (Mar. 2026) = 330.2130.

Thien Long Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 10,399.401 241.018 14,247.971
201609 11,101.009 241.428 15,183.398
201612 10,724.373 241.432 14,668.012
201703 11,200.662 243.801 15,170.587
201706 11,582.984 244.955 15,614.508
201709 12,300.840 246.819 16,456.988
201712 12,116.954 246.524 16,230.370
201803 12,639.749 249.554 16,725.075
201806 13,815.450 251.989 18,104.128
201809 14,006.693 252.439 18,322.019
201812 14,502.880 251.233 19,062.144
201903 18,079.084 254.202 23,485.057
201906 18,898.487 256.143 24,363.446
201909 19,036.052 256.759 24,481.914
201912 19,196.512 256.974 24,667.623
202003 18,374.248 258.115 23,506.637
202006 18,489.118 257.797 23,682.770
202009 18,624.308 260.280 23,628.356
202012 18,937.775 260.474 24,008.152
202103 19,196.248 264.877 23,931.299
202106 20,031.159 271.696 24,345.405
202109 18,804.113 274.310 22,636.297
202112 19,394.019 278.802 22,970.270
202203 20,292.421 287.504 23,306.880
202206 20,988.846 296.311 23,390.255
202209 22,071.135 296.808 24,555.186
202212 20,787.225 296.797 23,127.632
202303 21,396.016 301.836 23,407.555
202306 21,261.361 305.109 23,010.720
202309 21,659.324 307.789 23,237.316
202312 22,015.305 306.746 23,699.543
202403 22,907.654 312.332 24,219.117
202406 25,068.267 314.175 26,347.951
202409 25,158.521 315.301 26,348.380
202412 24,690.431 315.605 25,833.245
202503 25,512.776 319.799 26,343.579
202506 25,944.232 322.561 26,559.698
202509 26,439.836 324.800 26,880.473
202512 26,150.803 324.054 26,647.828
202603 24,822.391 330.213 24,822.391

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 2.17 mean?
Thien Long Group (STC:TLG) has a Cyclically Adjusted PB Ratio of 2.17 as of Jul. 14, 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 Thien Long Group and its competitors. This is 11% below median its historical median of 2.45. Over the past decade, Thien Long Group's Cyclically Adjusted PB Ratio has ranged from 2.06 to 3.59. According to the industry distribution chart, Thien Long Group ranks #1140 out of 2296 companies in the Industrial Products industry, placing it in the top 49.7%.
Is Thien Long Group's Cyclically Adjusted PB Ratio too high?
Thien Long Group's current Cyclically Adjusted PB Ratio of 2.17 is 11% below median its 10-year median of 2.45. Over the past 10 years, this metric has ranged from a low of 2.06 to a high of 3.59. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.22. Thien Long Group's value of 2.17 is 2% below this industry median. Based on the distribution chart, Thien Long Group ranks #1140 out of 2296 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Thien Long Group has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thien Long Group's Cyclically Adjusted PB Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Thien Long Group ranks #1140 out of 2296 companies for Cyclically Adjusted PB Ratio. This puts Thien Long Group in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.22. Thien Long Group's value of 2.17 is 2% below this benchmark. Historically, Thien Long Group's own Cyclically Adjusted PB Ratio has ranged from 2.06 to 3.59 over the past decade. While the company's 10-year median is 2.45 vs. the industry median of 2.22, Thien Long Group 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.22, based on 2,296 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. Thien Long Group's current Cyclically Adjusted PB Ratio of 2.17 is 2% 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 Thien Long Group and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thien Long Group's current Cyclically Adjusted PB Ratio is 2.17, which is 11% below median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thien Long Group stock overvalued right now?
Based on GuruFocus' analysis, Thien Long Group (STC:TLG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫56,621.20, compared to a current price of ₫48,100.00 — trading 15% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.17, which is 11% below median its 10-year median of 2.45 and 2% below the Industrial Products industry median of 2.22. Thien Long Group's overall GF Score™ is 99/100 with 3 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 Thien Long Group (STC:TLG), the current Cyclically Adjusted PB Ratio is 2.17 as of Jul. 14, 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 Thien Long Group (STC:TLG) Overvalued in 2026?

Based on GuruFocus' analysis, Thien Long Group stock appears to be undervalued. The current stock price of ₫48,100.00 is trading 15% below its estimated GF Value™ of ₫56,621.20. GuruFocus considers Thien Long Group to be Modestly Undervalued.

Key valuation signals for STC:TLG:

  • Cyclically Adjusted PB Ratio: 2.17 (11% below median its 10-year median of 2.45)
  • GF Value™: ₫56,621.20 vs. price of ₫48,100.00 (15% below fair value)
  • GF Score™: 99/100 with 3 warning signs
  • Industry Position: 2% below the Industrial Products median (#1140 of 2296)

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


Thien Long Group Business Description

Address Lot 6-8-10-12, Road No.3, Tan Tao Industrial Park, Binh Tan District, Ho Chi Minh City, VNM
Thien Long Group Corp is a Vietnam-based company engages in manufacturing and trading of stationery products. Its products include Pens, Office Supplies, School Supplies, and Art Supplies.
99GF Score

Get the complete analysis for STC:TLG

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

₫48,100.00
Price
₫56,621.20
GF Value