Arrow Syndicate PCL (BKK:ARROW-R) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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BKK:ARROW-R Arrow Syndicate PCL BKK:ARROW-R
67 GF Score
Price ฿5.95
GF Value ฿4.80
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Arrow Syndicate PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Arrow Syndicate PCL  (BKK:ARROW-R) 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.


Arrow Syndicate PCL Cyclically Adjusted PB Ratio Related Terms


Arrow Syndicate PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Arrow Syndicate 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.

Arrow Syndicate PCL Cyclically Adjusted PB Ratio Chart

Arrow Syndicate 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 1.91 1.56 1.23 1.04 0.93

Arrow Syndicate 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 0.91 0.94 0.94 0.96 1.05

BKK:ARROW-R vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Arrow Syndicate 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.


Arrow Syndicate PCL Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Arrow Syndicate PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:ARROW-R
67GF Score
Arrow Syndicate PCL BKK:ARROW-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Arrow Syndicate 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.

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

For example, Arrow Syndicate 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)
=5.118/333.9520*333.9520
=5.118

Current CPI (Jun. 2026) = 333.9520.

Arrow Syndicate PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.802 241.428 5.259
201612 4.066 241.432 5.624
201703 4.252 243.801 5.824
201706 4.068 244.955 5.546
201709 4.074 246.819 5.512
201712 4.265 246.524 5.778
201803 4.432 249.554 5.931
201806 4.197 251.989 5.562
201809 4.227 252.439 5.592
201812 4.373 251.233 5.813
201903 4.509 254.202 5.924
201906 4.378 256.143 5.708
201909 4.507 256.759 5.862
201912 4.659 256.974 6.055
202003 4.895 258.115 6.333
202006 4.627 257.797 5.994
202009 4.618 260.280 5.925
202012 4.739 260.474 6.076
202103 4.905 264.877 6.184
202106 4.775 271.696 5.869
202109 4.854 274.310 5.909
202112 4.823 278.802 5.777
202203 4.941 287.504 5.739
202206 4.648 296.311 5.238
202209 4.602 296.808 5.178
202212 4.733 296.797 5.326
202303 4.776 301.836 5.284
202306 4.613 305.109 5.049
202309 4.668 307.789 5.065
202312 4.792 306.746 5.217
202403 4.903 312.332 5.242
202406 4.737 314.175 5.035
202409 4.811 315.301 5.096
202412 4.878 315.605 5.162
202503 5.030 319.799 5.253
202506 4.909 322.561 5.082
202509 4.945 324.800 5.084
202512 5.040 324.054 5.194
202603 5.214 330.213 5.273
202606 5.118 333.952 5.118

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 Arrow Syndicate PCL (BKK:ARROW-R) Overvalued in 2026?

Based on GuruFocus' analysis, Arrow Syndicate PCL stock appears to be overvalued. The current stock price of ฿5.95 is trading 24% above its estimated GF Value™ of ฿4.80. GuruFocus considers Arrow Syndicate PCL to be Modestly Overvalued.

Key valuation signals for BKK:ARROW-R:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿4.80 vs. price of ฿5.95 (24% above fair value)
  • GF Score™: 67/100 with 5 warning signs

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


Arrow Syndicate PCL Business Description

Other Exchanges ARROW:Thailand
Address 31 Moo 1, Tambon Panthong, Amphoe Panthong, Chonburi, THA, 20160
Arrow Syndicate PCL is involved in the manufacturing and selling of various conduits. It is used in construction and building electrical conduits and PPR piping for water treatment systems. The company's product portfolio includes electrical conduits, Liquid tight conduit, Water pipe, Air duct, Corrugated duct, and Reinforced thermosetting resin conduct. Geographically, the company operates Overseas and Domestic market, which derives maximum revenue.
67GF Score

Get the complete analysis for BKK:ARROW-R

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

฿5.95
Price
฿4.80
GF Value