Pruksa Holding PCL (BKK:PSH) Cyclically Adjusted Book per Share: ฿22.47 (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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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:PSH Pruksa Holding PCL BKK:PSH
66 GF Score
Price ฿3.50
GF Value ฿6.27
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Pruksa Holding PCL Cyclically Adjusted Book per Share?

Pruksa Holding PCL BKK:PSH -1.13% 66 Cyclically Adjusted Book per Share is ฿22.47 as of Mar. 2026. GuruFocus rates BKK:PSH with a GF Score™ of 66/100 and a GF Value™ of ฿6.27 (Significantly Undervalued). The stock has 5 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.

Pruksa Holding PCL's adjusted book value per share for the three months ended in Mar. 2026 was ฿18.134. 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 ฿22.47 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Pruksa Holding PCL's average Cyclically Adjusted Book Growth Rate was 2.70% 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.

As of today (2026-07-14), Pruksa Holding PCL's current stock price is ฿3.50. Pruksa Holding PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿22.47. Pruksa Holding PCL's Cyclically Adjusted PB Ratio of today is 0.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pruksa Holding PCL was 0.23. The lowest was 0.15. And the median was 0.17.


Pruksa Holding PCL  (BKK:PSH) 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.

Pruksa Holding PCL's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=3.50/22.47
=0.16

* 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 Pruksa Holding PCL was 0.23. The lowest was 0.15. And the median was 0.17.


Be Aware

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


Pruksa Holding PCL Cyclically Adjusted Book per Share Related Terms


Pruksa Holding PCL Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Pruksa Holding 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.

Pruksa Holding PCL Cyclically Adjusted Book per Share Chart

Pruksa Holding 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 0.00 0.00 0.00 0.00 22.17

Pruksa Holding 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 21.88 22.15 22.31 22.17 22.47

Pruksa Holding PCL Cyclically Adjusted Book per Share Competitor Comparison

For the Real Estate - Development subindustry, Pruksa Holding 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.


Pruksa Holding PCL Cyclically Adjusted PB Ratio vs Real Estate Industry

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

* The bar in red indicates where Pruksa Holding PCL's Cyclically Adjusted PB Ratio falls into.


BKK:PSH
66GF Score
Pruksa Holding PCL BKK:PSH
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pruksa Holding 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, Pruksa Holding 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)
=18.134/330.2130*330.2130
=18.134

Current CPI (Mar. 2026) = 330.2130.

Pruksa Holding PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 15.629 241.428 21.377
201612 16.200 241.432 22.157
201703 16.513 243.801 22.366
201706 16.521 244.955 22.271
201709 16.540 246.819 22.128
201712 17.334 246.524 23.218
201803 17.725 249.554 23.454
201806 17.721 251.989 23.222
201809 17.887 252.439 23.398
201812 18.808 251.233 24.721
201903 19.575 254.202 25.428
201906 19.032 256.143 24.536
201909 18.847 256.759 24.239
201912 19.669 256.974 25.275
202003 20.094 258.115 25.707
202006 19.308 257.797 24.732
202009 19.280 260.280 24.460
202012 19.665 260.474 24.930
202103 19.948 264.877 24.868
202106 19.494 271.696 23.693
202109 19.343 274.310 23.285
202112 19.792 278.802 23.442
202203 20.041 287.504 23.018
202206 19.569 296.311 21.808
202209 19.569 296.808 21.771
202212 20.087 296.797 22.349
202303 20.399 301.836 22.317
202306 20.224 305.109 21.888
202309 20.049 307.789 21.510
202312 20.155 306.746 21.697
202403 20.182 312.332 21.337
202406 19.626 314.175 20.628
202409 19.583 315.301 20.509
202412 19.095 315.605 19.979
202503 19.077 319.799 19.698
202506 19.004 322.561 19.455
202509 18.737 324.800 19.049
202512 18.091 324.054 18.435
202603 18.134 330.213 18.134

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 ฿22.47 mean?
Pruksa Holding PCL (BKK:PSH) has a Cyclically Adjusted Book per Share of ฿22.47 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 Pruksa Holding PCL and its competitors.
Is Pruksa Holding PCL's Cyclically Adjusted Book per Share too high?
Pruksa Holding PCL's current Cyclically Adjusted Book per Share is ฿22.47. Overall, Pruksa Holding PCL has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pruksa Holding PCL's Cyclically Adjusted Book per Share compare to competitors?
Pruksa Holding PCL's Cyclically Adjusted Book per Share of ฿22.47 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 Pruksa Holding PCL and its competitors. Pruksa Holding PCL's current Cyclically Adjusted Book per Share is ฿22.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pruksa Holding PCL stock overvalued right now?
Based on GuruFocus' analysis, Pruksa Holding PCL (BKK:PSH) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿6.27, compared to a current price of ฿3.50 — trading 44.2% below its estimated fair value. The current Cyclically Adjusted Book per Share is ฿22.47. Pruksa Holding PCL's overall GF Score™ is 66/100 with 5 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 Pruksa Holding PCL (BKK:PSH), the current Cyclically Adjusted Book per Share is ฿22.47 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 Pruksa Holding PCL (BKK:PSH) Overvalued in 2026?

Based on GuruFocus' analysis, Pruksa Holding PCL stock appears to be undervalued. The current stock price of ฿3.50 is trading 44.2% below its estimated GF Value™ of ฿6.27. GuruFocus considers Pruksa Holding PCL to be Significantly Undervalued.

Key valuation signals for BKK:PSH:

  • Cyclically Adjusted Book per Share: ฿22.47
  • GF Value™: ฿6.27 vs. price of ฿3.50 (44.2% below fair value)
  • GF Score™: 66/100 with 5 warning signs

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


Pruksa Holding PCL Business Description

Address Phaholyothin Road, 1177, Pearl Bangkok Tower, 24th Floor, Kwang Phayathai, Khet Phayathai, Bangkok, THA, 10400
Pruksa Holding PCL is engaged in property development for sale and provision of healthcare services. The company's segments are SBU Townhouse and single house, SBU Condominium, and SBU Hospital. It derives majority of the revenue from SBU Townhouse and single house segment. Geographically the company operates in Thailand including investment in foreign country.
66GF Score

Get the complete analysis for BKK:PSH

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

฿3.50
Price
฿6.27
GF Value