Bumrungrad Hospital PCL (BKK:BH) Cyclically Adjusted PB Ratio: 6.07 (As of Aug. 31, 2026) — 26% 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:BH Bumrungrad Hospital PCL BKK:BH
98 GF Score
Price ฿192.00
GF Value ฿192.91
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Bumrungrad Hospital PCL Cyclically Adjusted PB Ratio?

Bumrungrad Hospital PCL BKK:BH -4.00% 98 Cyclically Adjusted PB Ratio is 6.07 as of Aug. 31, 2026, which is 26% below its 10-year median of 8.15. GuruFocus rates BKK:BH with a GF Score™ of 98/100 and a GF Value™ of ฿192.91 (Fairly Valued). The stock has 3 warning signs investors should review. Among 333 Healthcare Providers & Services companies, Bumrungrad Hospital PCL ranks worse than 88.89% on this metric.

As of today (2026-08-31), Bumrungrad Hospital PCL's current share price is ฿192.00. Bumrungrad Hospital PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿31.62. Bumrungrad Hospital PCL's Cyclically Adjusted PB Ratio for today is 6.07.

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

BKK:BH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.61   Med: 8.15   Max: 17.36
Current: 6.07

During the past years, Bumrungrad Hospital PCL's highest Cyclically Adjusted PB Ratio was 17.36. The lowest was 4.61. And the median was 8.15.

BKK:BH's Cyclically Adjusted PB Ratio is ranked worse than
88.89% of 333 companies
in the Healthcare Providers & Services industry
Industry Median: 1.92 vs BKK:BH: 6.07

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.

Bumrungrad Hospital PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿34.438. 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 ฿31.62 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bumrungrad Hospital PCL  (BKK:BH) 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.


Bumrungrad Hospital PCL Cyclically Adjusted PB Ratio Related Terms


Bumrungrad Hospital PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bumrungrad Hospital 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.

Bumrungrad Hospital PCL Cyclically Adjusted PB Ratio Chart

Bumrungrad Hospital 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 6.56 8.90 8.62 7.15 5.23

Bumrungrad Hospital 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 4.77 5.89 5.23 5.25 5.95

BKK:BH vs HCA, THC, EHC: Cyclically Adjusted PB Ratio Comparison

For the Medical Care Facilities subindustry, Bumrungrad Hospital 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.


Bumrungrad Hospital PCL Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Bumrungrad Hospital PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:BH
98GF Score
Bumrungrad Hospital PCL BKK:BH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bumrungrad Hospital 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=192.00/31.62
=6.07

* 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.

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

For example, Bumrungrad Hospital 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)
=34.438/333.9520*333.9520
=34.438

Current CPI (Jun. 2026) = 333.9520.

Bumrungrad Hospital PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 18.757 241.428 25.945
201612 19.862 241.432 27.473
201703 21.207 243.801 29.049
201706 20.981 244.955 28.604
201709 21.375 246.819 28.921
201712 22.508 246.524 30.490
201803 23.956 249.554 32.058
201806 23.594 251.989 31.268
201809 23.955 252.439 31.690
201812 25.322 251.233 33.659
201903 26.784 254.202 35.187
201906 25.941 256.143 33.821
201909 26.221 256.759 34.104
201912 27.403 256.974 35.612
202003 26.108 258.115 33.779
202006 24.065 257.797 31.174
202009 23.188 260.280 29.751
202012 23.321 260.474 29.900
202103 23.457 264.877 29.574
202106 21.674 271.696 26.640
202109 20.912 274.310 25.459
202112 21.753 278.802 26.056
202203 22.623 287.504 26.278
202206 22.020 296.311 24.817
202209 22.740 296.808 25.586
202212 24.789 296.797 27.892
202303 26.755 301.836 29.602
202306 26.635 305.109 29.153
202309 27.739 307.789 30.097
202312 29.942 306.746 32.598
202403 32.481 312.332 34.729
202406 31.768 314.175 33.768
202409 32.128 315.301 34.028
202412 34.578 315.605 36.588
202503 36.748 319.799 38.374
202506 36.038 322.561 37.311
202509 36.585 324.800 37.616
202512 38.822 324.054 40.008
202603 41.082 330.213 41.547
202606 34.438 333.952 34.438

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 6.07 mean?
Bumrungrad Hospital PCL (BKK:BH) has a Cyclically Adjusted PB Ratio of 6.07 as of Aug. 31, 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 Bumrungrad Hospital PCL and its competitors. This is 26% below median its historical median of 8.15. Over the past decade, Bumrungrad Hospital PCL's Cyclically Adjusted PB Ratio has ranged from 4.61 to 17.36. According to the industry distribution chart, Bumrungrad Hospital PCL ranks #296 out of 333 companies in the Healthcare Providers & Services industry, placing it in the top 88.9%.
Is Bumrungrad Hospital PCL's Cyclically Adjusted PB Ratio too high?
Bumrungrad Hospital PCL's current Cyclically Adjusted PB Ratio of 6.07 is 26% below median its 10-year median of 8.15. Over the past 10 years, this metric has ranged from a low of 4.61 to a high of 17.36. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.92. Bumrungrad Hospital PCL's value of 6.07 is 216.1% above this industry median. Based on the distribution chart, Bumrungrad Hospital PCL ranks #296 out of 333 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Bumrungrad Hospital PCL has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bumrungrad Hospital PCL's Cyclically Adjusted PB Ratio compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Bumrungrad Hospital PCL ranks #296 out of 333 companies for Cyclically Adjusted PB Ratio. This places Bumrungrad Hospital PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.92. Bumrungrad Hospital PCL's value of 6.07 is 216.1% above this benchmark. Historically, Bumrungrad Hospital PCL's own Cyclically Adjusted PB Ratio has ranged from 4.61 to 17.36 over the past decade. While the company's 10-year median is 8.15 vs. the industry median of 1.92, Bumrungrad Hospital PCL has consistently been above 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.92, based on 333 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. Bumrungrad Hospital PCL's current Cyclically Adjusted PB Ratio of 6.07 is 216.1% above 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 Bumrungrad Hospital PCL and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bumrungrad Hospital PCL's current Cyclically Adjusted PB Ratio is 6.07, which is 26% below median its own 10-year median of 8.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bumrungrad Hospital PCL stock overvalued right now?
Based on GuruFocus' analysis, Bumrungrad Hospital PCL (BKK:BH) is currently considered Fairly Valued. The stock's GF Value™ is ฿192.91, compared to a current price of ฿192.00 — trading 0.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.07, which is 26% below median its 10-year median of 8.15 and 216.1% above the Healthcare Providers & Services industry median of 1.92. Bumrungrad Hospital PCL's overall GF Score™ is 98/100 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 Bumrungrad Hospital PCL (BKK:BH), the current Cyclically Adjusted PB Ratio is 6.07 as of Aug. 31, 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 Bumrungrad Hospital PCL (BKK:BH) Overvalued in 2026?

Based on GuruFocus' analysis, Bumrungrad Hospital PCL stock appears to be undervalued. The current stock price of ฿192.00 is trading 0.5% below its estimated GF Value™ of ฿192.91. GuruFocus considers Bumrungrad Hospital PCL to be Fairly Valued.

Key valuation signals for BKK:BH:

  • Cyclically Adjusted PB Ratio: 6.07 (26% below median its 10-year median of 8.15)
  • GF Value™: ฿192.91 vs. price of ฿192.00 (0.5% below fair value)
  • GF Score™: 98/100 with 3 warning signs
  • Industry Position: 216.1% above the Healthcare Providers & Services median (#296 of 333)

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


Bumrungrad Hospital PCL Business Description

Other Exchanges BZ7A:Germany
Address 33 Soi 3 (Nana Nua) Sukhumvit Road, Klongtoey Nua Sub District, Wattana District, Bangkok, THA, 10110
Bumrungrad Hospital PCL operates a private hospital business in Bangkok. The company operates several healthcare-related entities, within and outside of Thailand which include Bumrungrad International Hospital, Bumrungrad International Clinic, Vitallife Scientific Wellness Center, VitalLife Skin Clinic, Bumrungrad International Dialysis Clinic, and others. It is a healthcare provider in Thailand providing complete healthcare services for both outpatients and inpatients. The company is the owner and operator of multiple healthcare-related entities. The company has only one main reportable operating segment, which is the hospital and health care center business, and the geographical area of its operations is Thailand.
98GF Score

Get the complete analysis for BKK:BH

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

฿192.00
Price
฿192.91
GF Value