Business Online PCL (BKK:BOL) Cyclically Adjusted PB Ratio: 4.95 (As of Jul. 30, 2026) — 29% Below Median

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Founder & CEO of GuruFocus
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BKK:BOL Business Online PCL BKK:BOL
82 GF Score
Price ฿5.00
GF Value ฿6.76
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Business Online PCL Cyclically Adjusted PB Ratio?

Business Online PCL BKK:BOL -1.96% 82 Cyclically Adjusted PB Ratio is 4.95 as of Jul. 30, 2026, which is 29% below its 10-year median of 7.02. GuruFocus rates BKK:BOL with a GF Score™ of 82/100 and a GF Value™ of ฿6.76 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 728 Business Services companies, Business Online PCL ranks worse than 86.81% on this metric.

As of today (2026-07-30), Business Online PCL's current share price is ฿5.00. Business Online PCL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ฿1.01. Business Online PCL's Cyclically Adjusted PB Ratio for today is 4.95.

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

BKK:BOL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.5   Med: 7.02   Max: 29
Current: 5.06

During the past years, Business Online PCL's highest Cyclically Adjusted PB Ratio was 29.00. The lowest was 4.50. And the median was 7.02.

BKK:BOL's Cyclically Adjusted PB Ratio is ranked worse than
86.81% of 728 companies
in the Business Services industry
Industry Median: 1.56 vs BKK:BOL: 5.06

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.

Business Online PCL's adjusted book value per share data for the three months ended in Mar. 2026 was ฿1.253. 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 ฿1.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Business Online PCL  (BKK:BOL) 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.


Business Online PCL Cyclically Adjusted PB Ratio Related Terms


Business Online PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Business Online 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.

Business Online PCL Cyclically Adjusted PB Ratio Chart

Business Online 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 26.04 16.02 11.50 6.13 5.29

Business Online 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 5.42 5.30 6.16 5.29 4.92

BKK:BOL vs VRSK, EFX, BAH: Cyclically Adjusted PB Ratio Comparison

For the Consulting Services subindustry, Business Online 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.


Business Online PCL Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Business Online PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:BOL
82GF Score
Business Online PCL BKK:BOL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Business Online 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.

Business Online PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.00/1.01
=4.95

* 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.

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

For example, Business Online 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)
=1.253/330.2130*330.2130
=1.253

Current CPI (Mar. 2026) = 330.2130.

Business Online PCL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.466 241.018 0.638
201609 0.485 241.428 0.663
201612 0.507 241.432 0.693
201703 0.461 243.801 0.624
201706 0.497 244.955 0.670
201709 0.517 246.819 0.692
201712 0.571 246.524 0.765
201803 0.515 249.554 0.681
201806 0.553 251.989 0.725
201809 0.599 252.439 0.784
201812 0.616 251.233 0.810
201903 0.653 254.202 0.848
201906 0.581 256.143 0.749
201909 0.584 256.759 0.751
201912 0.611 256.974 0.785
202003 0.767 258.115 0.981
202006 0.829 257.797 1.062
202009 0.824 260.280 1.045
202012 0.866 260.474 1.098
202103 0.816 264.877 1.017
202106 0.898 271.696 1.091
202109 0.882 274.310 1.062
202112 0.924 278.802 1.094
202203 0.853 287.504 0.980
202206 0.948 296.311 1.056
202209 0.927 296.808 1.031
202212 1.075 296.797 1.196
202303 0.993 301.836 1.086
202306 1.110 305.109 1.201
202309 1.085 307.789 1.164
202312 1.255 306.746 1.351
202403 1.334 312.332 1.410
202406 1.258 314.175 1.322
202409 1.215 315.301 1.272
202412 1.269 315.605 1.328
202503 1.354 319.799 1.398
202506 1.290 322.561 1.321
202509 1.253 324.800 1.274
202512 1.337 324.054 1.362
202603 1.253 330.213 1.253

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 4.95 mean?
Business Online PCL (BKK:BOL) has a Cyclically Adjusted PB Ratio of 4.95 as of Jul. 30, 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 Business Online PCL and its competitors. This is 29% below median its historical median of 7.02. Over the past decade, Business Online PCL's Cyclically Adjusted PB Ratio has ranged from 4.50 to 29.00. According to the industry distribution chart, Business Online PCL ranks #632 out of 728 companies in the Business Services industry, placing it in the top 86.8%.
Is Business Online PCL's Cyclically Adjusted PB Ratio too high?
Business Online PCL's current Cyclically Adjusted PB Ratio of 4.95 is 29% below median its 10-year median of 7.02. Over the past 10 years, this metric has ranged from a low of 4.50 to a high of 29.00. The Business Services industry median Cyclically Adjusted PB Ratio is 1.56. Business Online PCL's value of 4.95 is 217.3% above this industry median. Based on the distribution chart, Business Online PCL ranks #632 out of 728 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Business Online PCL has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Business Online PCL's Cyclically Adjusted PB Ratio compare to VRSK and EFX?
According to the Business Services industry distribution chart, Business Online PCL ranks #632 out of 728 companies for Cyclically Adjusted PB Ratio. This places Business Online PCL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.56. Business Online PCL's value of 4.95 is 217.3% above this benchmark. Historically, Business Online PCL's own Cyclically Adjusted PB Ratio has ranged from 4.50 to 29.00 over the past decade. While the company's 10-year median is 7.02 vs. the industry median of 1.56, Business Online 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.56, based on 728 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. Business Online PCL's current Cyclically Adjusted PB Ratio of 4.95 is 217.3% 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 Business Online PCL and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Business Online PCL's current Cyclically Adjusted PB Ratio is 4.95, which is 29% below median its own 10-year median of 7.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Business Online PCL stock overvalued right now?
Based on GuruFocus' analysis, Business Online PCL (BKK:BOL) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿6.76, compared to a current price of ฿5.00 — trading 26% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.95, which is 29% below median its 10-year median of 7.02 and 217.3% above the Business Services industry median of 1.56. Business Online PCL's overall GF Score™ is 82/100 with 2 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 Business Online PCL (BKK:BOL), the current Cyclically Adjusted PB Ratio is 4.95 as of Jul. 30, 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 Business Online PCL (BKK:BOL) Overvalued in 2026?

Based on GuruFocus' analysis, Business Online PCL stock appears to be undervalued. The current stock price of ฿5.00 is trading 26% below its estimated GF Value™ of ฿6.76. GuruFocus considers Business Online PCL to be Modestly Undervalued.

Key valuation signals for BKK:BOL:

  • Cyclically Adjusted PB Ratio: 4.95 (29% below median its 10-year median of 7.02)
  • GF Value™: ฿6.76 vs. price of ฿5.00 (26% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 217.3% above the Business Services median (#632 of 728)

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


Business Online PCL Business Description

Address Rama 3 Road, No. 1023 MS Siam Tower, Floor 28, Kwang Chong Nonsi, Khet Yannawa, Bangkok, THA, 10120
Business Online PCL is a service provider and developer of local and world-wide financial information systems. It also has an online and offline business information service provider as well as consulting service and database management. The company solution includes Corpus X, Xignal, Matchlink, Dun and Bradstreet, and Debtline.
82GF Score

Get the complete analysis for BKK:BOL

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

฿5.00
Price
฿6.76
GF Value