ARIP PCL (BKK:ARIP) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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:ARIP ARIP PCL BKK:ARIP
49 GF Score
Price ฿0.44
GF Value ฿0.43
Valuation Fairly Valued
! 5 Warning Signs
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What is ARIP PCL Cyclically Adjusted PB Ratio?

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 0.81

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
49GF Score
ARIP PCL BKK:ARIP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 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 241.428 0.000
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.

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:
  • GF Value™: ฿0.43 vs. price of ฿0.44 (2.3% above fair value)
  • GF Score™: 49/100 with 5 warning signs

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.
49GF 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