Asia Plus Group Holdings PCL (STU:AITA) Cyclically Adjusted PB Ratio: (As of Sep. 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.

STU:AITA Asia Plus Group Holdings PCL STU:AITA
68 GF Score
Price €0.05
GF Value €0.06
! 5 Warning Signs
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What is Asia Plus Group Holdings PCL Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Asia Plus Group Holdings PCL  (STU:AITA) 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.


Asia Plus Group Holdings PCL Cyclically Adjusted PB Ratio Related Terms


Asia Plus Group Holdings PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Asia Plus Group Holdings 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.

Asia Plus Group Holdings PCL Cyclically Adjusted PB Ratio Chart

Asia Plus Group Holdings 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 1.40 1.14 1.07 0.88 0.75

Asia Plus Group Holdings 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 0.73 0.99 0.75 0.75 0.79

STU:AITA vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Asia Plus Group Holdings 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.


Asia Plus Group Holdings PCL Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Asia Plus Group Holdings PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Asia Plus Group Holdings PCL's Cyclically Adjusted PB Ratio falls into.


STU:AITA
68GF Score
Asia Plus Group Holdings PCL STU:AITA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Asia Plus Group Holdings 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.

Asia Plus Group Holdings PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Asia Plus Group Holdings 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)
=0.064/333.9520*333.9520
=0.064

Current CPI (Jun. 2026) = 333.9520.

Asia Plus Group Holdings PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.055 241.428 0.076
201612 0.060 241.432 0.083
201703 0.063 243.801 0.086
201706 0.058 244.955 0.079
201709 0.056 246.819 0.076
201712 0.059 246.524 0.080
201803 0.062 249.554 0.083
201806 0.059 251.989 0.078
201809 0.058 252.439 0.077
201812 0.059 251.233 0.078
201903 0.063 254.202 0.083
201906 0.062 256.143 0.081
201909 0.064 256.759 0.083
201912 0.066 256.974 0.086
202003 0.063 258.115 0.082
202006 0.063 257.797 0.082
202009 0.060 260.280 0.077
202012 0.062 260.474 0.079
202103 0.067 264.877 0.084
202106 0.064 271.696 0.079
202109 0.059 274.310 0.072
202112 0.062 278.802 0.074
202203 0.066 287.504 0.077
202206 0.061 296.311 0.069
202209 0.061 296.808 0.069
202212 0.063 296.797 0.071
202303 0.064 301.836 0.071
202306 0.061 305.109 0.067
202309 0.060 307.789 0.065
202312 0.061 306.746 0.066
202403 0.061 312.332 0.065
202406 0.059 314.175 0.063
202409 0.062 315.301 0.066
202412 0.065 315.605 0.069
202503 0.064 319.799 0.067
202506 0.061 322.561 0.063
202509 0.062 324.800 0.064
202512 0.063 324.054 0.065
202603 0.064 330.213 0.065
202606 0.064 333.952 0.064

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 Asia Plus Group Holdings PCL (STU:AITA) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Plus Group Holdings PCL stock appears to be undervalued. The current stock price of €0.05 is trading 10% below its estimated GF Value™ of €0.06.

Key valuation signals for STU:AITA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €0.06 vs. price of €0.05 (10% below fair value)
  • GF Score™: 68/100 with 5 warning signs

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


Asia Plus Group Holdings PCL Business Description

Other Exchanges ASP:Thailand
Address No. 175, South Sathorn Road, 3/1 Floor, Sathorn City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120
Asia Plus Group Holdings PCL is a Thailand-based company engaged in investing. It is involved in the business activities of securities brokerage, securities trading, investment advisory, underwriting, securities borrowing and lending, private fund management, mutual fund management, and venture capital management. All the business operations of the company are principally carried out in Thailand. The operating segments of the group are Securities and derivatives brokerage, Investment banking, Fund Management, Investment trading, and others. It generates the majority of its revenue from the Fund Management segment.
68GF Score

Get the complete analysis for STU:AITA

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

€0.05
Price
€0.06
GF Value