Starflex PCL (BKK:SFLEX) PB Ratio: 1.88 (As of Jul. 15, 2026) — 33% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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.

BKK:SFLEX Starflex PCL BKK:SFLEX
83 GF Score
Price ฿3.04
GF Value ฿3.65
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Starflex PCL PB Ratio?

Starflex PCL BKK:SFLEX -1.30% 83 PB Ratio is 1.88 as of Jul. 15, 2026, which is 33% below its 10-year median of 2.81. GuruFocus rates BKK:SFLEX with a GF Score™ of 83/100 and a GF Value™ of ฿3.65 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 388 Packaging & Containers companies, Starflex PCL ranks worse than 70.1% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-15), Starflex PCL's share price is ฿3.04. Starflex PCL's Book Value per Share for the quarter that ended in Mar. 2026 was ฿1.61. Hence, Starflex PCL's PB Ratio of today is 1.88.

The historical rank and industry rank for Starflex PCL's PB Ratio or its related term are showing as below:

BKK:SFLEX' s PB Ratio Range Over the Past 10 Years
Min: 1.71   Med: 2.81   Max: 7.31
Current: 1.89

During the past 10 years, Starflex PCL's highest PB Ratio was 7.31. The lowest was 1.71. And the median was 2.81.

BKK:SFLEX's PB Ratio is ranked worse than
70.1% of 388 companies
in the Packaging & Containers industry
Industry Median: 1.195 vs BKK:SFLEX: 1.89

During the past 12 months, Starflex PCL's average Book Value Per Share Growth Rate was 3.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 8.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.50% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Starflex PCL was 30.90% per year. The lowest was 5.60% per year. And the median was 8.70% per year.

Back to Basics: PB Ratio


Starflex PCL  (BKK:SFLEX) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Starflex PCL PB Ratio Related Terms


Starflex PCL PB Ratio Historical Data

* Premium members only.

The historical data trend for Starflex PCL's 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.

Starflex PCL PB Ratio Chart

Starflex PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.31 2.48 2.83 1.95 2.03

Starflex PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.85 1.90 1.89 2.03 1.82

BKK:SFLEX vs SW, PKG, IP: PB Ratio Comparison

For the Packaging & Containers subindustry, Starflex PCL's PB Ratio, along with its competitors' market caps and 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.


Starflex PCL PB Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Starflex PCL's PB Ratio distribution charts can be found below:

* The bar in red indicates where Starflex PCL's PB Ratio falls into.


BKK:SFLEX
83GF Score
Starflex PCL BKK:SFLEX
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Starflex PCL PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Starflex PCL's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=3.04/1.614
=1.88

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.88 mean?
Starflex PCL (BKK:SFLEX) has a PB Ratio of 1.88 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Starflex PCL and its competitors. This is 33% below median its historical median of 2.81. Over the past decade, Starflex PCL's PB Ratio has ranged from 1.71 to 7.31. According to the industry distribution chart, Starflex PCL ranks #272 out of 388 companies in the Packaging & Containers industry, placing it in the top 70.1%.
Is Starflex PCL's PB Ratio too high?
Starflex PCL's current PB Ratio of 1.88 is 33% below median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 7.31. The Packaging & Containers industry median PB Ratio is 1.20. Starflex PCL's value of 1.88 is 57.3% above this industry median. Based on the distribution chart, Starflex PCL ranks #272 out of 388 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Starflex PCL has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starflex PCL's PB Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Starflex PCL ranks #272 out of 388 companies for PB Ratio. This places Starflex PCL in the lower half of its industry. The industry median PB Ratio is 1.20. Starflex PCL's value of 1.88 is 57.3% above this benchmark. Historically, Starflex PCL's own PB Ratio has ranged from 1.71 to 7.31 over the past decade. While the company's 10-year median is 2.81 vs. the industry median of 1.20, Starflex 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 PB Ratio for a Packaging & Containers company?
The median PB Ratio among Packaging & Containers companies is 1.20, based on 388 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Starflex PCL's current PB Ratio of 1.88 is 57.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Starflex PCL and its competitors. For the Packaging & Containers industry, the median PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starflex PCL's current PB Ratio is 1.88, which is 33% below median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starflex PCL stock overvalued right now?
Based on GuruFocus' analysis, Starflex PCL (BKK:SFLEX) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿3.65, compared to a current price of ฿3.04 — trading 16.7% below its estimated fair value. The current PB Ratio is 1.88, which is 33% below median its 10-year median of 2.81 and 57.3% above the Packaging & Containers industry median of 1.20. Starflex PCL's overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Starflex PCL (BKK:SFLEX), the current PB Ratio is 1.88 as of Jul. 15, 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 Starflex PCL (BKK:SFLEX) Overvalued in 2026?

Based on GuruFocus' analysis, Starflex PCL stock appears to be undervalued. The current stock price of ฿3.04 is trading 16.7% below its estimated GF Value™ of ฿3.65. GuruFocus considers Starflex PCL to be Modestly Undervalued.

Key valuation signals for BKK:SFLEX:

  • PB Ratio: 1.88 (33% below median its 10-year median of 2.81)
  • GF Value™: ฿3.65 vs. price of ฿3.04 (16.7% below fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 57.3% above the Packaging & Containers median (#272 of 388)

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


Starflex PCL Business Description

Address 189 / 48-49 Moo.3, Theparak Road, T. Bangpreang, A. Bangbo, Samutprakan, Bangkok, THA, 10560
Starflex PCL is engaged in the manufacture and distribution of flexible packaging. The company provides packaging for home and personal products, medical products, and food industries. There are three operating business segments: Packaging products for food, Packaging products for non-food, and Other segment. The Non-food packaging segment generates a vast majority of the revenues. The company operates in Thailand only.
83GF Score

Get the complete analysis for BKK:SFLEX

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

฿3.04
Price
฿3.65
GF Value