ARIP PCL (BKK:ARIP) Cyclically Adjusted PB Ratio: 0.80 (As of Sep. 07, 2026) — 28% Below Median

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:ARIP ARIP PCL BKK:ARIP
51 GF Score
Price ฿0.44
GF Value ฿0.43
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is ARIP PCL Cyclically Adjusted PB Ratio?

ARIP PCL BKK:ARIP 51 Cyclically Adjusted PB Ratio is 0.80 as of Sep. 07, 2026, which is 28% below its 10-year median of 1.11. GuruFocus rates BKK:ARIP with a GF Score™ of 51/100 and a GF Value™ of ฿0.43 (Fairly Valued). The stock has 5 warning signs investors should review. Among 688 Business Services companies, ARIP PCL ranks better than 74.13% on this metric.

As of today (2026-09-07), ARIP PCL's current share price is ฿0.44. ARIP PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿0.55. ARIP PCL's Cyclically Adjusted PB Ratio for today is 0.80.

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

BKK:ARIP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 1.11   Max: 2.91
Current: 0.8

During the past years, ARIP PCL's highest Cyclically Adjusted PB Ratio was 2.91. The lowest was 0.53. And the median was 1.11.

BKK:ARIP's Cyclically Adjusted PB Ratio is ranked better than
74.13% of 688 companies
in the Business Services industry
Industry Median: 1.54 vs BKK:ARIP: 0.80

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.

ARIP PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿0.485. 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 ฿0.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ARIP PCL  (BKK:ARIP) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


ARIP PCL Cyclically Adjusted PB Ratio Related Terms


ARIP PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ARIP PCL's Cyclically Adjusted 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.

ARIP PCL Cyclically Adjusted PB Ratio Chart

ARIP PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.92 1.72 1.53 1.03 0.82

ARIP 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 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 0.69 0.93 0.82 0.83 0.84

BKK:ARIP vs CTAS, CPRT, GPN: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, ARIP 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.


ARIP PCL Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, ARIP PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:ARIP
51GF Score
ARIP PCL BKK:ARIP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ARIP PCL Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

ARIP PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.44/0.55
=0.80

* 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.

ARIP PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, ARIP 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)
=0.485/333.9520*333.9520
=0.485

Current CPI (Jun. 2026) = 333.9520.

ARIP PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.406 241.428 0.562
201612 0.431 241.432 0.596
201703 0.432 243.801 0.592
201706 0.432 244.955 0.589
201709 0.433 246.819 0.586
201712 0.436 246.524 0.591
201803 0.436 249.554 0.583
201806 0.437 251.989 0.579
201809 0.438 252.439 0.579
201812 0.441 251.233 0.586
201903 0.442 254.202 0.581
201906 0.435 256.143 0.567
201909 0.439 256.759 0.571
201912 0.444 256.974 0.577
202003 0.444 258.115 0.574
202006 0.442 257.797 0.573
202009 0.433 260.280 0.556
202012 0.447 260.474 0.573
202103 0.447 264.877 0.564
202106 0.445 271.696 0.547
202109 0.441 274.310 0.537
202112 0.458 278.802 0.549
202203 0.460 287.504 0.534
202206 0.471 296.311 0.531
202209 0.476 296.808 0.536
202212 0.484 296.797 0.545
202303 0.491 301.836 0.543
202306 0.474 305.109 0.519
202309 0.480 307.789 0.521
202312 0.490 306.746 0.533
202403 0.493 312.332 0.527
202406 0.475 314.175 0.505
202409 0.480 315.301 0.508
202412 0.486 315.605 0.514
202503 0.490 319.799 0.512
202506 0.479 322.561 0.496
202509 0.487 324.800 0.501
202512 0.493 324.054 0.508
202603 0.502 330.213 0.508
202606 0.485 333.952 0.485

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

What does a Cyclically Adjusted PB Ratio of 0.80 mean?
ARIP PCL (BKK:ARIP) has a Cyclically Adjusted PB Ratio of 0.80 as of Sep. 07, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ARIP PCL and its competitors. This is 28% below median its historical median of 1.11. Over the past decade, ARIP PCL's Cyclically Adjusted PB Ratio has ranged from 0.53 to 2.91. According to the industry distribution chart, ARIP PCL ranks #178 out of 688 companies in the Business Services industry, placing it in the top 25.9%.
Is ARIP PCL's Cyclically Adjusted PB Ratio too high?
ARIP PCL's current Cyclically Adjusted PB Ratio of 0.80 is 28% below median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 2.91. The Business Services industry median Cyclically Adjusted PB Ratio is 1.54. ARIP PCL's value of 0.80 is 48.1% below this industry median. Based on the distribution chart, ARIP PCL ranks #178 out of 688 companies in the Business Services industry, which is above the industry midpoint. Overall, ARIP PCL has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ARIP PCL's Cyclically Adjusted PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, ARIP PCL ranks #178 out of 688 companies for Cyclically Adjusted PB Ratio. This puts ARIP PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. ARIP PCL's value of 0.80 is 48.1% below this benchmark. Historically, ARIP PCL's own Cyclically Adjusted PB Ratio has ranged from 0.53 to 2.91 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 1.54, ARIP PCL has consistently been below 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 Cyclically Adjusted PB Ratio for a Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.54, based on 688 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ARIP PCL's current Cyclically Adjusted PB Ratio of 0.80 is 48.1% below 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 Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ARIP PCL and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ARIP PCL's current Cyclically Adjusted PB Ratio is 0.80, which is 28% below median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ARIP PCL stock overvalued right now?
Based on GuruFocus' analysis, ARIP PCL (BKK:ARIP) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.43, compared to a current price of ฿0.44 — trading 2.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.80, which is 28% below median its 10-year median of 1.11 and 48.1% below the Business Services industry median of 1.54. ARIP PCL's overall GF Score™ is 51/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For ARIP PCL (BKK:ARIP), the current Cyclically Adjusted PB Ratio is 0.80 as of Sep. 07, 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 ARIP PCL (BKK:ARIP) Overvalued in 2026?

Based on GuruFocus' analysis, ARIP PCL stock appears to be overvalued. The current stock price of ฿0.44 is trading 2.3% above its estimated GF Value™ of ฿0.43. GuruFocus considers ARIP PCL to be Fairly Valued.

Key valuation signals for BKK:ARIP:

  • Cyclically Adjusted PB Ratio: 0.80 (28% below median its 10-year median of 1.11)
  • GF Value™: ฿0.43 vs. price of ฿0.44 (2.3% above fair value)
  • GF Score™: 51/100 with 5 warning signs
  • Industry Position: 48.1% below the Business Services median (#178 of 688)

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


ARIP PCL Business Description

Address 99/16-20 Ratchadapisek Road, Din Daeng, Bangkok, THA, 10400
ARIP PCL is principally engaged in the management of events and marketing activities, the production and distribution of information technology-related publications, and the placement of advertisements. The company is organized into business units based on its products and services and has three reportable segments as follows: Media and contents, Management of Events, and Digital service. The majority of revenue is from the Digital service segment. Geographically, it mainly operates in Thailand.
51GF Score

Get the complete analysis for BKK:ARIP

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

฿0.44
Price
฿0.43
GF Value