Laguna Resorts & Hotels PCL (BKK:LRH) Cyclically Adjusted Book per Share: ฿91.97 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:LRH Laguna Resorts & Hotels PCL BKK:LRH
65 GF Score
Price ฿29.00
GF Value ฿55.33
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Laguna Resorts & Hotels PCL Cyclically Adjusted Book per Share?

Laguna Resorts & Hotels PCL BKK:LRH 65 Cyclically Adjusted Book per Share is ฿91.97 as of Jun. 2026. GuruFocus rates BKK:LRH with a GF Score™ of 65/100 and a GF Value™ of ฿55.33 (Possible Value Trap). The stock has 4 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.

Laguna Resorts & Hotels PCL's adjusted book value per share for the three months ended in Jun. 2026 was ฿110.981. 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 ฿91.97 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Laguna Resorts & Hotels PCL's average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.60% 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 Laguna Resorts & Hotels PCL was 2.40% per year. The lowest was -1.30% per year. And the median was 0.50% per year.

As of today (2026-09-17), Laguna Resorts & Hotels PCL's current stock price is ฿29.00. Laguna Resorts & Hotels PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿91.97. Laguna Resorts & Hotels PCL's Cyclically Adjusted PB Ratio of today is 0.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Laguna Resorts & Hotels PCL was 0.80. The lowest was 0.28. And the median was 0.40.


Laguna Resorts & Hotels PCL  (BKK:LRH) 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.

Laguna Resorts & Hotels PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=29.00/91.965
=0.32

* 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 Laguna Resorts & Hotels PCL was 0.80. The lowest was 0.28. And the median was 0.40.


Be Aware

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


Laguna Resorts & Hotels PCL Cyclically Adjusted Book per Share Related Terms


Laguna Resorts & Hotels PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Laguna Resorts & Hotels 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.

Laguna Resorts & Hotels PCL Cyclically Adjusted Book per Share Chart

Laguna Resorts & Hotels 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 80.21 81.67 84.54 87.55 91.17

Laguna Resorts & Hotels 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 87.77 88.50 88.62 90.62 91.97

BKK:LRH vs MAR, HLT, H: Cyclically Adjusted Book per Share Comparison

For the Lodging subindustry, Laguna Resorts & Hotels 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.


Laguna Resorts & Hotels PCL Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Laguna Resorts & Hotels PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Laguna Resorts & Hotels PCL's Cyclically Adjusted PB Ratio falls into.


BKK:LRH
65GF Score
Laguna Resorts & Hotels PCL BKK:LRH
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Laguna Resorts & Hotels 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, Laguna Resorts & Hotels 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)
=110.981/333.9520*333.9520
=110.981

Current CPI (Jun. 2026) = 333.9520.

Laguna Resorts & Hotels PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 69.996 241.428 96.821
201612 76.104 241.432 105.268
201703 76.732 243.801 105.105
201706 75.595 244.955 103.060
201709 75.210 246.819 101.761
201712 75.957 246.524 102.895
201803 76.689 249.554 102.625
201806 75.999 251.989 100.719
201809 75.677 252.439 100.113
201812 76.369 251.233 101.514
201903 76.905 254.202 101.032
201906 75.965 256.143 99.041
201909 75.137 256.759 97.726
201912 73.268 256.974 95.216
202003 74.935 258.115 96.952
202006 68.581 257.797 88.840
202009 66.912 260.280 85.851
202012 64.506 260.474 82.703
202103 63.809 264.877 80.449
202106 62.244 271.696 76.506
202109 60.620 274.310 73.800
202112 58.925 278.802 70.581
202203 59.011 287.504 68.545
202206 58.065 296.311 65.441
202209 58.052 296.808 65.317
202212 59.085 296.797 66.482
202303 59.812 301.836 66.176
202306 59.916 305.109 65.580
202309 60.210 307.789 65.328
202312 91.360 306.746 99.463
202403 93.612 312.332 100.092
202406 92.483 314.175 98.305
202409 93.870 315.301 99.423
202412 97.728 315.605 103.409
202503 102.129 319.799 106.649
202506 99.734 322.561 103.256
202509 97.815 324.800 100.571
202512 108.680 324.054 112.000
202603 111.735 330.213 113.000
202606 110.981 333.952 110.981

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 ฿91.97 mean?
Laguna Resorts & Hotels PCL (BKK:LRH) has a Cyclically Adjusted Book per Share of ฿91.97 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 Laguna Resorts & Hotels PCL and its competitors.
Is Laguna Resorts & Hotels PCL's Cyclically Adjusted Book per Share too high?
Laguna Resorts & Hotels PCL's current Cyclically Adjusted Book per Share is ฿91.97. Overall, Laguna Resorts & Hotels PCL has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Laguna Resorts & Hotels PCL's Cyclically Adjusted Book per Share compare to MAR and HLT?
Laguna Resorts & Hotels PCL's Cyclically Adjusted Book per Share of ฿91.97 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted Book per Share depends on the Travel & Leisure 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 Laguna Resorts & Hotels PCL and its competitors. Laguna Resorts & Hotels PCL's current Cyclically Adjusted Book per Share is ฿91.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laguna Resorts & Hotels PCL stock overvalued right now?
Based on GuruFocus' analysis, Laguna Resorts & Hotels PCL (BKK:LRH) is currently considered Possible Value Trap. The stock's GF Value™ is ฿55.33, compared to a current price of ฿29.00 — trading 47.6% below its estimated fair value. The current Cyclically Adjusted Book per Share is ฿91.97. Laguna Resorts & Hotels PCL's overall GF Score™ is 65/100 with 4 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 Laguna Resorts & Hotels PCL (BKK:LRH), the current Cyclically Adjusted Book per Share is ฿91.97 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 Laguna Resorts & Hotels PCL (BKK:LRH) Overvalued in 2026?

Based on GuruFocus' analysis, Laguna Resorts & Hotels PCL stock appears to be undervalued. The current stock price of ฿29.00 is trading 47.6% below its estimated GF Value™ of ฿55.33. GuruFocus considers Laguna Resorts & Hotels PCL to be Possible Value Trap.

Key valuation signals for BKK:LRH:

  • Cyclically Adjusted Book per Share: ฿91.97
  • GF Value™: ฿55.33 vs. price of ฿29.00 (47.6% below fair value)
  • GF Score™: 65/100 with 4 warning signs

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


Laguna Resorts & Hotels PCL Business Description

Other Exchanges LRH-R:Thailand
Address South Sathorn Road, No. 21/9, 21/31, and 21/33, Thai Wah Tower 1, 5th and 12th Floor, Tungmahamek, Sathorn, Bangkok, THA, 10120
Laguna Resorts & Hotels PCL is principally engaged in the hotel business and property development. The group operates four hotels in Phuket, namely Angsana Laguna Phuket, Banyan Tree Phuket, Cassia Phuket and Homm Suites Laguna, and also operates Banyan Tree Bangkok in Bangkok. It also operates golf clubs, merchandise sales, office and shop rentals, and holiday club memberships. The group operates through four reportable segments: Hotel Business, which includes hotel and restaurant operations and related businesses such as golf clubs and merchandise sales; Property Development, which generates maximum revenue and includes property sales and holiday club membership sales; Office Rental, which relates to rental and services from land and buildings managed for lease; and Head Office.
65GF Score

Get the complete analysis for BKK:LRH

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

฿29.00
Price
฿55.33
GF Value