Baan Rock Garden PCL (BKK:BROCK) Cyclically Adjusted Book per Share: ฿1.46 (As of Jun. 2026)

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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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Charlie Tian
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:BROCK Baan Rock Garden PCL BKK:BROCK
52 GF Score
Price ฿1.12
GF Value ฿1.58
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Baan Rock Garden PCL Cyclically Adjusted Book per Share?

Baan Rock Garden PCL BKK:BROCK +3.70% 52 Cyclically Adjusted Book per Share is ฿1.46 as of Jun. 2026. GuruFocus rates BKK:BROCK with a GF Score™ of 52/100 and a GF Value™ of ฿1.58 (Modestly Undervalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Baan Rock Garden PCL's adjusted book value per share for the three months ended in Jun. 2026 was ฿1.205. 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 ฿1.46 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Baan Rock Garden PCL was 3.50% per year. The lowest was -3.10% per year. And the median was 2.00% per year.

As of today (2026-09-12), Baan Rock Garden PCL's current stock price is ฿1.12. Baan Rock Garden PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿1.46. Baan Rock Garden PCL's Cyclically Adjusted PB Ratio of today is 0.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Baan Rock Garden PCL was 2.12. The lowest was 0.76. And the median was 1.21.


Baan Rock Garden PCL  (BKK:BROCK) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Baan Rock Garden PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1.12/1.46
=0.77

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Baan Rock Garden PCL was 2.12. The lowest was 0.76. And the median was 1.21.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Baan Rock Garden PCL Cyclically Adjusted Book per Share Related Terms


Baan Rock Garden PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Baan Rock Garden PCL's Cyclically Adjusted Book per Share 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.

Baan Rock Garden PCL Cyclically Adjusted Book per Share Chart

Baan Rock Garden PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.37 1.43 1.44 1.44 1.44

Baan Rock Garden 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 Book per Share 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 1.46 1.46 1.44 1.46 1.46

Baan Rock Garden PCL Cyclically Adjusted Book per Share Competitor Comparison

For the Real Estate - Development subindustry, Baan Rock Garden 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.


Baan Rock Garden PCL Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Baan Rock Garden PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Baan Rock Garden PCL's Cyclically Adjusted PB Ratio falls into.


BKK:BROCK
52GF Score
Baan Rock Garden PCL BKK:BROCK
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baan Rock Garden PCL Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Baan Rock Garden 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)
=1.205/333.9520*333.9520
=1.205

Current CPI (Jun. 2026) = 333.9520.

Baan Rock Garden PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.186 241.428 1.641
201612 1.194 241.432 1.652
201703 1.195 243.801 1.637
201706 1.196 244.955 1.631
201709 1.198 246.819 1.621
201712 1.198 246.524 1.623
201803 1.198 249.554 1.603
201806 1.200 251.989 1.590
201809 1.206 252.439 1.595
201812 1.215 251.233 1.615
201903 1.217 254.202 1.599
201906 1.203 256.143 1.568
201909 1.209 256.759 1.572
201912 1.211 256.974 1.574
202003 1.215 258.115 1.572
202006 1.199 257.797 1.553
202009 1.212 260.280 1.555
202012 1.224 260.474 1.569
202103 1.232 264.877 1.553
202106 1.226 271.696 1.507
202109 1.235 274.310 1.504
202112 1.241 278.802 1.486
202203 1.248 287.504 1.450
202206 1.248 296.311 1.407
202209 1.250 296.808 1.406
202212 1.254 296.797 1.411
202303 1.251 301.836 1.384
202306 1.239 305.109 1.356
202309 1.237 307.789 1.342
202312 1.235 306.746 1.345
202403 1.232 312.332 1.317
202406 1.225 314.175 1.302
202409 1.223 315.301 1.295
202412 1.220 315.605 1.291
202503 1.216 319.799 1.270
202506 1.215 322.561 1.258
202509 1.211 324.800 1.245
202512 1.210 324.054 1.247
202603 1.209 330.213 1.223
202606 1.205 333.952 1.205

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of ฿1.46 mean?
Baan Rock Garden PCL (BKK:BROCK) has a Cyclically Adjusted Book per Share of ฿1.46 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Baan Rock Garden PCL and its competitors.
Is Baan Rock Garden PCL's Cyclically Adjusted Book per Share too high?
Baan Rock Garden PCL's current Cyclically Adjusted Book per Share is ฿1.46. Overall, Baan Rock Garden PCL has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Baan Rock Garden PCL's Cyclically Adjusted Book per Share compare to competitors?
Baan Rock Garden PCL's Cyclically Adjusted Book per Share of ฿1.46 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Real Estate company?
A good Cyclically Adjusted Book per Share depends on the Real Estate industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Baan Rock Garden PCL and its competitors. Baan Rock Garden PCL's current Cyclically Adjusted Book per Share is ฿1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baan Rock Garden PCL stock overvalued right now?
Based on GuruFocus' analysis, Baan Rock Garden PCL (BKK:BROCK) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.58, compared to a current price of ฿1.12 — trading 29.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is ฿1.46. Baan Rock Garden PCL's overall GF Score™ is 52/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Baan Rock Garden PCL (BKK:BROCK), the current Cyclically Adjusted Book per Share is ฿1.46 as of Jun. 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 Baan Rock Garden PCL (BKK:BROCK) Overvalued in 2026?

Based on GuruFocus' analysis, Baan Rock Garden PCL stock appears to be undervalued. The current stock price of ฿1.12 is trading 29.1% below its estimated GF Value™ of ฿1.58. GuruFocus considers Baan Rock Garden PCL to be Modestly Undervalued.

Key valuation signals for BKK:BROCK:

  • Cyclically Adjusted Book per Share: ฿1.46
  • GF Value™: ฿1.58 vs. price of ฿1.12 (29.1% below fair value)
  • GF Score™: 52/100 with 1 warning sign

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


Baan Rock Garden PCL Business Description

Address Pracha-Uthit Road, 601 Ramkhamheang 39, Wang Thonglang, Bangkok, THA, 10310
Baan Rock Garden PCL is involved in the real estate business. It is engaged in the development of single-attached houses, townhouses, and commercial buildings. The company mainly develops its real estate under the project title Baan Rock Garden in Bangkok and other provinces. Its project portfolio comprises Rock Garden House 3, Rock Garden House, Rock Garden Airport Phase 1, Baan Rock Garden Chalong Krung, and others. The company has a single reportable segment, which is the business of real estate development in the type of allotted house for sale, and its operation is in one geographical area, which is Thailand.
52GF Score

Get the complete analysis for BKK:BROCK

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

฿1.12
Price
฿1.58
GF Value