Asset World PCL (BKK:AWC) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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:AWC Asset World Corp PCL BKK:AWC
86 GF Score
Price ฿3.04
GF Value ฿3.60
Valuation Modestly Undervalued
! 13 Warning Signs
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What is Asset World PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Asset World PCL  (BKK:AWC) 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.


Asset World PCL Cyclically Adjusted PB Ratio Related Terms


Asset World PCL Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Asset World 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.

Asset World PCL Cyclically Adjusted PB Ratio Chart

Asset World 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 - - - - 0.82

Asset World 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 - - 0.82 0.81 1.01

BKK:AWC vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Asset World 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.


Asset World PCL Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Asset World PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:AWC
86GF Score
Asset World Corp PCL BKK:AWC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Asset World 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.

Asset World PCL's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Asset World PCL's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=2.991/324.0540*324.0540
=2.991

Current CPI (Dec25) = 324.0540.

Asset World PCL Annual Data

Book Value per Share CPI Adj_Book
201612 2.408 241.432 3.232
201712 0.273 246.524 0.359
201812 0.781 251.233 1.007
201912 2.838 256.974 3.579
202012 2.439 260.474 3.034
202112 2.572 278.802 2.989
202212 2.613 296.797 2.853
202312 2.739 306.746 2.894
202412 2.868 315.605 2.945
202512 2.991 324.054 2.991

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 Asset World PCL (BKK:AWC) Overvalued in 2026?

Based on GuruFocus' analysis, Asset World PCL stock appears to be undervalued. The current stock price of ฿3.04 is trading 15.6% below its estimated GF Value™ of ฿3.60. GuruFocus considers Asset World PCL to be Modestly Undervalued.

Key valuation signals for BKK:AWC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿3.60 vs. price of ฿3.04 (15.6% below fair value)
  • GF Score™: 86/100 with 13 warning signs

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


Asset World PCL Business Description

Other Exchanges AWC-F:Thailand
Address South Sathorn Road, 54th Floor, 1 Empire Tower, Yannawa, Sathorn, Bangkok, THA, 10120
Asset World Corp PCL is engaged in investing and providing management services. Along with its subsidiaries, the company operates in the following reportable segments: Hotel and related services, and Rental and rendering of commercial building services. A majority of its revenue is generated from the Hotel and related services segment, which is engaged in developing and owning various hotel properties across different locations in Thailand. Its portfolio of hotel properties includes Bangkok Marriott Marquis Queen's Park, Chiang Mai Marriott Hotel, Hilton Sukhumvit Bangkok, Le Meridien Bangkok, and others. Geographically, the company operates only in Thailand.
86GF Score

Get the complete analysis for BKK:AWC

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

฿3.04
Price
฿3.60
GF Value