Boutique Newcity PCL (BKK:BTNC) Cyclically Adjusted PB Ratio: (As of Sep. 21, 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.
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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:BTNC Boutique Newcity PCL BKK:BTNC
61 GF Score
Price ฿13.40
GF Value ฿13.49
Valuation Fairly Valued
! 2 Warning Signs
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What is Boutique Newcity PCL Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Boutique Newcity PCL  (BKK:BTNC) 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.


Boutique Newcity PCL Cyclically Adjusted PB Ratio Related Terms


Boutique Newcity PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Boutique Newcity 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.

Boutique Newcity PCL Cyclically Adjusted PB Ratio Chart

Boutique Newcity 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 0.25 0.36 0.50 0.36 0.29

Boutique Newcity 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 0.28 0.27 0.29 0.44 0.32

BKK:BTNC vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison

For the Apparel Retail subindustry, Boutique Newcity 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.


Boutique Newcity PCL Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Boutique Newcity PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


BKK:BTNC
61GF Score
Boutique Newcity PCL BKK:BTNC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boutique Newcity 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.

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

For example, Boutique Newcity 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)
=40.727/333.9520*333.9520
=40.727

Current CPI (Jun. 2026) = 333.9520.

Boutique Newcity PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 35.857 241.428 49.599
201612 38.029 241.432 52.602
201703 38.570 243.801 52.832
201706 37.832 244.955 51.577
201709 37.573 246.819 50.837
201712 37.901 246.524 51.342
201803 38.316 249.554 51.274
201806 37.978 251.989 50.331
201809 38.290 252.439 50.654
201812 38.268 251.233 50.868
201903 37.863 254.202 49.742
201906 37.542 256.143 48.946
201909 38.017 256.759 49.447
201912 37.878 256.974 49.225
202003 34.743 258.115 44.951
202006 35.121 257.797 45.496
202009 33.700 260.280 43.239
202012 33.335 260.474 42.739
202103 32.532 264.877 41.016
202106 32.066 271.696 39.414
202109 32.033 274.310 38.998
202112 36.609 278.802 43.851
202203 35.803 287.504 41.587
202206 36.266 296.311 40.873
202209 37.180 296.808 41.833
202212 38.470 296.797 43.286
202303 39.959 301.836 44.211
202306 40.180 305.109 43.978
202309 41.328 307.789 44.841
202312 40.780 306.746 44.397
202403 41.117 312.332 43.963
202406 42.686 314.175 45.373
202409 41.950 315.301 44.431
202412 40.609 315.605 42.970
202503 40.965 319.799 42.778
202506 40.515 322.561 41.946
202509 40.435 324.800 41.574
202512 42.496 324.054 43.794
202603 42.456 330.213 42.937
202606 40.727 333.952 40.727

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 Boutique Newcity PCL (BKK:BTNC) Overvalued in 2026?

Based on GuruFocus' analysis, Boutique Newcity PCL stock appears to be undervalued. The current stock price of ฿13.40 is trading 0.7% below its estimated GF Value™ of ฿13.49. GuruFocus considers Boutique Newcity PCL to be Fairly Valued.

Key valuation signals for BKK:BTNC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ฿13.49 vs. price of ฿13.40 (0.7% below fair value)
  • GF Score™: 61/100 with 2 warning signs

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


Boutique Newcity PCL Business Description

Address Sukhumvit Road, 1112/53-75 Soi Sukhumvit 48, Piyawatchara, Phra Khanong Subdistrict, Khlong Toei District, Bangkok, THA, 10110
Boutique Newcity PCL is engaged in the retail and distribution of garments and fashion apparel products in Thailand.. The company is organized into four segments: Domestic retail, Online, Foreign retail, and Corporate sales. The company derives key revenue from the Domestic retail segment. The company operates mainly in Thailand.
61GF Score

Get the complete analysis for BKK:BTNC

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

฿13.40
Price
฿13.49
GF Value