D.T.C. Industries PCL (BKK:DTCI) Cyclically Adjusted Book per Share: ฿44.35 (As of Mar. 2026)

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:DTCI D.T.C. Industries PCL BKK:DTCI
60 GF Score
Price ฿16.90
GF Value ฿23.28
Valuation Modestly Undervalued
! 2 Warning Signs
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What is D.T.C. Industries PCL Cyclically Adjusted Book per Share?

D.T.C. Industries PCL BKK:DTCI 60 Cyclically Adjusted Book per Share is ฿44.35 as of Mar. 2026. GuruFocus rates BKK:DTCI with a GF Score™ of 60/100 and a GF Value™ of ฿23.28 (Modestly Undervalued). The stock has 2 warning signs 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.

D.T.C. Industries PCL's adjusted book value per share for the three months ended in Mar. 2026 was ฿38.072. 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 ฿44.35 for the trailing ten years ended in Mar. 2026.

During the past 12 months, D.T.C. Industries PCL's average Cyclically Adjusted Book Growth Rate was 2.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.90% 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 D.T.C. Industries PCL was 6.60% per year. The lowest was 3.00% per year. And the median was 4.95% per year.

As of today (2026-07-20), D.T.C. Industries PCL's current stock price is ฿16.90. D.T.C. Industries PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿44.35. D.T.C. Industries PCL's Cyclically Adjusted PB Ratio of today is 0.38.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of D.T.C. Industries PCL was 1.25. The lowest was 0.38. And the median was 0.79.


D.T.C. Industries PCL  (BKK:DTCI) 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.

D.T.C. Industries PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.90/44.35
=0.38

* 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 D.T.C. Industries PCL was 1.25. The lowest was 0.38. And the median was 0.79.


Be Aware

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


D.T.C. Industries PCL Cyclically Adjusted Book per Share Related Terms


D.T.C. Industries PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for D.T.C. Industries 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.

D.T.C. Industries PCL Cyclically Adjusted Book per Share Chart

D.T.C. Industries 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 37.24 39.98 41.41 42.70 43.66

D.T.C. Industries PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 43.26 43.61 43.86 43.66 44.35

D.T.C. Industries PCL Cyclically Adjusted Book per Share Competitor Comparison

For the Business Equipment & Supplies subindustry, D.T.C. Industries 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.


D.T.C. Industries PCL Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, D.T.C. Industries PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where D.T.C. Industries PCL's Cyclically Adjusted PB Ratio falls into.


BKK:DTCI
60GF Score
D.T.C. Industries PCL BKK:DTCI
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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D.T.C. Industries 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, D.T.C. Industries PCL'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)
=38.072/330.2130*330.2130
=38.072

Current CPI (Mar. 2026) = 330.2130.

D.T.C. Industries PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 31.668 241.018 43.388
201609 32.327 241.428 44.215
201612 33.297 241.432 45.541
201703 33.825 243.801 45.814
201706 33.883 244.955 45.676
201709 34.454 246.819 46.095
201712 35.160 246.524 47.096
201803 35.866 249.554 47.458
201806 35.864 251.989 46.997
201809 36.283 252.439 47.461
201812 36.386 251.233 47.825
201903 36.374 254.202 47.250
201906 35.676 256.143 45.993
201909 35.902 256.759 46.173
201912 36.463 256.974 46.855
202003 36.776 258.115 47.048
202006 36.059 257.797 46.188
202009 36.902 260.280 46.817
202012 37.771 260.474 47.884
202103 38.442 264.877 47.924
202106 38.326 271.696 46.581
202109 38.147 274.310 45.921
202112 38.271 278.802 45.328
202203 37.951 287.504 43.589
202206 38.050 296.311 42.403
202209 38.713 296.808 43.070
202212 39.120 296.797 43.524
202303 39.364 301.836 43.065
202306 39.468 305.109 42.715
202309 39.833 307.789 42.735
202312 39.906 306.746 42.959
202403 39.767 312.332 42.044
202406 39.720 314.175 41.748
202409 39.438 315.301 41.303
202412 39.198 315.605 41.012
202503 38.815 319.799 40.079
202506 38.839 322.561 39.760
202509 38.639 324.800 39.283
202512 38.396 324.054 39.126
202603 38.072 330.213 38.072

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 ฿44.35 mean?
D.T.C. Industries PCL (BKK:DTCI) has a Cyclically Adjusted Book per Share of ฿44.35 as of Mar. 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 D.T.C. Industries PCL and its competitors.
Is D.T.C. Industries PCL's Cyclically Adjusted Book per Share too high?
D.T.C. Industries PCL's current Cyclically Adjusted Book per Share is ฿44.35. Overall, D.T.C. Industries PCL has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does D.T.C. Industries PCL's Cyclically Adjusted Book per Share compare to competitors?
D.T.C. Industries PCL's Cyclically Adjusted Book per Share of ฿44.35 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Cyclically Adjusted Book per Share depends on the Industrial Products 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 D.T.C. Industries PCL and its competitors. D.T.C. Industries PCL's current Cyclically Adjusted Book per Share is ฿44.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D.T.C. Industries PCL stock overvalued right now?
Based on GuruFocus' analysis, D.T.C. Industries PCL (BKK:DTCI) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿23.28, compared to a current price of ฿16.90 — trading 27.4% below its estimated fair value. The current Cyclically Adjusted Book per Share is ฿44.35. D.T.C. Industries PCL's overall GF Score™ is 60/100 with 2 warning signs 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 D.T.C. Industries PCL (BKK:DTCI), the current Cyclically Adjusted Book per Share is ฿44.35 as of Mar. 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 D.T.C. Industries PCL (BKK:DTCI) Overvalued in 2026?

Based on GuruFocus' analysis, D.T.C. Industries PCL stock appears to be undervalued. The current stock price of ฿16.90 is trading 27.4% below its estimated GF Value™ of ฿23.28. GuruFocus considers D.T.C. Industries PCL to be Modestly Undervalued.

Key valuation signals for BKK:DTCI:

  • Cyclically Adjusted Book per Share: ฿44.35
  • GF Value™: ฿23.28 vs. price of ฿16.90 (27.4% below fair value)
  • GF Score™: 60/100 with 2 warning signs

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


D.T.C. Industries PCL Business Description

Address Sukhumvit 64, Sukhumvit Road, 176 D.T.C. Building, Bangchak, Prakhanong, Bangkok, THA, 10260
D.T.C. Industries PCL is engaged in the production and trading of pens and related products. Its product offerings include Ballpoint pens, Markers, Wooden pencils, Fine liner and Hi-liter, Retractable pencils, Stamp pads, Endorsing ink, Erasers, Wax crayons, and Metal pens. The segments of the group are the Production and trading of pens and related products, which is the key revenue-generating segment, and the Rental space.
60GF Score

Get the complete analysis for BKK:DTCI

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

฿16.90
Price
฿23.28
GF Value