Arrow Syndicate PCL (BKK:ARROW-R) Cyclically Adjusted PB Ratio: 0.95 (As of Jul. 01, 2026) — 25% Below Median


BKK:ARROW-R Arrow Syndicate PCL BKK:ARROW-R
71 GF Score
Price ฿5.15
GF Value ฿4.93
! 3 Warning Signs
View Full Analysis

What is Arrow Syndicate PCL Cyclically Adjusted PB Ratio?

Arrow Syndicate PCL BKK:ARROW-R 71 Cyclically Adjusted PB Ratio is 0.95 as of Jul. 01, 2026, which is 25% below its 10-year median of 1.26. GuruFocus rates BKK:ARROW-R with a GF Score™ of 71/100 and a GF Value™ of ฿4.93. The stock has 3 warning signs investors should review. Among 1,358 Construction companies, Arrow Syndicate PCL ranks better than 56.55% on this metric.

As of today (2026-07-01), Arrow Syndicate PCL's current share price is ฿5.15. Arrow Syndicate PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿5.44. Arrow Syndicate PCL's Cyclically Adjusted PB Ratio for today is 0.95.

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

BKK:ARROW-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.9   Med: 1.26   Max: 2.06
Current: 0.98

During the past years, Arrow Syndicate PCL's highest Cyclically Adjusted PB Ratio was 2.06. The lowest was 0.90. And the median was 1.26.

BKK:ARROW-R's Cyclically Adjusted PB Ratio is ranked better than
56.55% of 1358 companies
in the Construction industry
Industry Median: 1.185 vs BKK:ARROW-R: 0.98

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.

Arrow Syndicate PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿5.317. 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 ฿5.44 for the trailing ten years ended in Mar. 2026.

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 1.90 1.58 1.25 1.05 0.93

Arrow Syndicate 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 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 0.97 0.90 0.93 0.93 0.95

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
71GF Score
Arrow Syndicate PCL BKK:ARROW-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.15/5.44
=0.95

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Arrow Syndicate 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)
=5.317/330.2130*330.2130
=5.317

Current CPI (Mar. 2026) = 330.2130.

Arrow Syndicate PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.727 241.018 5.106
201609 3.779 241.428 5.169
201612 4.040 241.432 5.526
201703 4.227 243.801 5.725
201706 4.039 244.955 5.445
201709 4.041 246.819 5.406
201712 4.226 246.524 5.661
201803 4.391 249.554 5.810
201806 4.160 251.989 5.451
201809 4.193 252.439 5.485
201812 4.371 251.233 5.745
201903 4.545 254.202 5.904
201906 4.423 256.143 5.702
201909 4.564 256.759 5.870
201912 4.727 256.974 6.074
202003 4.974 258.115 6.363
202006 4.717 257.797 6.042
202009 4.719 260.280 5.987
202012 4.848 260.474 6.146
202103 5.017 264.877 6.255
202106 4.902 271.696 5.958
202109 5.008 274.310 6.029
202112 4.926 278.802 5.834
202203 5.044 287.504 5.793
202206 4.751 296.311 5.295
202209 4.705 296.808 5.235
202212 4.837 296.797 5.382
202303 4.879 301.836 5.338
202306 4.716 305.109 5.104
202309 4.771 307.789 5.119
202312 4.894 306.746 5.268
202403 5.006 312.332 5.293
202406 4.840 314.175 5.087
202409 4.914 315.301 5.146
202412 4.981 315.605 5.212
202503 5.133 319.799 5.300
202506 5.012 322.561 5.131
202509 5.048 324.800 5.132
202512 5.143 324.054 5.241
202603 5.317 330.213 5.317

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 0.95 mean?
Arrow Syndicate PCL (BKK:ARROW-R) has a Cyclically Adjusted PB Ratio of 0.95 as of Jul. 01, 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 Arrow Syndicate PCL and its competitors. This is 25% below median its historical median of 1.26. Over the past decade, Arrow Syndicate PCL's Cyclically Adjusted PB Ratio has ranged from 0.90 to 2.06. According to the industry distribution chart, Arrow Syndicate PCL ranks #590 out of 1358 companies in the Construction industry, placing it in the top 43.4%.
Is Arrow Syndicate PCL's Cyclically Adjusted PB Ratio too high?
Arrow Syndicate PCL's current Cyclically Adjusted PB Ratio of 0.95 is 25% below median its 10-year median of 1.26. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 2.06. The Construction industry median Cyclically Adjusted PB Ratio is 1.19. Arrow Syndicate PCL's value of 0.95 is 19.8% below this industry median. Based on the distribution chart, Arrow Syndicate PCL ranks #590 out of 1358 companies in the Construction industry, which is above the industry midpoint. Overall, Arrow Syndicate PCL has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Arrow Syndicate PCL's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Arrow Syndicate PCL ranks #590 out of 1358 companies for Cyclically Adjusted PB Ratio. This puts Arrow Syndicate PCL in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.19. Arrow Syndicate PCL's value of 0.95 is 19.8% below this benchmark. Historically, Arrow Syndicate PCL's own Cyclically Adjusted PB Ratio has ranged from 0.90 to 2.06 over the past decade. While the company's 10-year median is 1.26 vs. the industry median of 1.19, Arrow Syndicate 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.19, based on 1,358 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. Arrow Syndicate PCL's current Cyclically Adjusted PB Ratio of 0.95 is 19.8% 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 Arrow Syndicate PCL and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arrow Syndicate PCL's current Cyclically Adjusted PB Ratio is 0.95, which is 25% below median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arrow Syndicate PCL stock overvalued right now?
Arrow Syndicate PCL (BKK:ARROW-R) has a current Cyclically Adjusted PB Ratio of 0.95. The stock's GF Value™ is ฿4.93, compared to a current price of ฿5.15 — trading 4.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.95, which is 25% below median its 10-year median of 1.26 and 19.8% below the Construction industry median of 1.19. Arrow Syndicate PCL's overall GF Score™ is 71/100 with 3 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 Arrow Syndicate PCL (BKK:ARROW-R), the current Cyclically Adjusted PB Ratio is 0.95 as of Jul. 01, 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 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 ฿5.15 is trading 4.5% above its estimated GF Value™ of ฿4.93.

Key valuation signals for BKK:ARROW-R:

  • Cyclically Adjusted PB Ratio: 0.95 (25% below median its 10-year median of 1.26)
  • GF Value™: ฿4.93 vs. price of ฿5.15 (4.5% above fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 19.8% below the Construction median (#590 of 1358)

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.
71GF 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.

฿5.15
Price
฿4.93
GF Value