Communication and System Solution PCL (BKK:CSS-R) Cyclically Adjusted PB Ratio: 0.81 (As of Aug. 29, 2026) — 42% Above 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:CSS-R Communication and System Solution PCL BKK:CSS-R
50 GF Score
Price ฿1.04
GF Value ฿0.90
! 8 Warning Signs
View Full Analysis

What is Communication and System Solution PCL Cyclically Adjusted PB Ratio?

Communication and System Solution PCL BKK:CSS-R -0.90% 50 Cyclically Adjusted PB Ratio is 0.81 as of Aug. 29, 2026, which is 42% above its 10-year median of 0.57. GuruFocus rates BKK:CSS-R with a GF Score™ of 50/100 and a GF Value™ of ฿0.90. The stock has 8 warning signs investors should review. Among 1,931 Hardware companies, Communication and System Solution PCL ranks better than 83.17% on this metric.

As of today (2026-08-29), Communication and System Solution PCL's current share price is ฿1.03921. Communication and System Solution PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿1.29. Communication and System Solution PCL's Cyclically Adjusted PB Ratio for today is 0.81.

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

BKK:CSS-R' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.57   Max: 1.29
Current: 0.59

During the past years, Communication and System Solution PCL's highest Cyclically Adjusted PB Ratio was 1.29. The lowest was 0.44. And the median was 0.57.

BKK:CSS-R's Cyclically Adjusted PB Ratio is ranked better than
83.17% of 1931 companies
in the Hardware industry
Industry Median: 2.05 vs BKK:CSS-R: 0.59

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.

Communication and System Solution PCL's adjusted book value per share data for the three months ended in Jun. 2026 was ฿1.506. 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 ฿1.29 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Communication and System Solution PCL  (BKK:CSS-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.


Communication and System Solution PCL Cyclically Adjusted PB Ratio Related Terms


Communication and System Solution PCL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Communication and System Solution 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.

Communication and System Solution PCL Cyclically Adjusted PB Ratio Chart

Communication and System Solution 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 1.13 0.93 0.49 0.51 0.45

Communication and System Solution 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 0.46 0.47 0.45 0.45 0.60

BKK:CSS-R vs SNX, ARW, AVT: Cyclically Adjusted PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, Communication and System Solution 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.


Communication and System Solution PCL Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Communication and System Solution PCL's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Communication and System Solution PCL's Cyclically Adjusted PB Ratio falls into.


BKK:CSS-R
50GF Score
Communication and System Solution PCL BKK:CSS-R
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Communication and System Solution 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.

Communication and System Solution PCL's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.03921/1.29
=0.81

* 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.

Communication and System Solution PCL's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Communication and System Solution 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)
=1.506/333.9520*333.9520
=1.506

Current CPI (Jun. 2026) = 333.9520.

Communication and System Solution PCL Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.367 241.428 1.891
201612 1.413 241.432 1.954
201703 1.460 243.801 2.000
201706 1.397 244.955 1.905
201709 1.360 246.819 1.840
201712 1.406 246.524 1.905
201803 1.436 249.554 1.922
201806 1.375 251.989 1.822
201809 1.346 252.439 1.781
201812 1.391 251.233 1.849
201903 1.382 254.202 1.816
201906 1.309 256.143 1.707
201909 1.313 256.759 1.708
201912 1.342 256.974 1.744
202003 1.393 258.115 1.802
202006 1.388 257.797 1.798
202009 1.392 260.280 1.786
202012 1.360 260.474 1.744
202103 1.407 264.877 1.774
202106 1.408 271.696 1.731
202109 1.432 274.310 1.743
202112 1.560 278.802 1.869
202203 1.580 287.504 1.835
202206 1.523 296.311 1.716
202209 1.516 296.808 1.706
202212 1.514 296.797 1.704
202303 1.534 301.836 1.697
202306 1.503 305.109 1.645
202309 1.510 307.789 1.638
202312 1.470 306.746 1.600
202403 1.472 312.332 1.574
202406 1.475 314.175 1.568
202409 1.501 315.301 1.590
202412 1.500 315.605 1.587
202503 1.507 319.799 1.574
202506 1.461 322.561 1.513
202509 1.444 324.800 1.485
202512 1.446 324.054 1.490
202603 1.493 330.213 1.510
202606 1.506 333.952 1.506

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 0.81 mean?
Communication and System Solution PCL (BKK:CSS-R) has a Cyclically Adjusted PB Ratio of 0.81 as of Aug. 29, 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 Communication and System Solution PCL and its competitors. This is 42% above median its historical median of 0.57. Over the past decade, Communication and System Solution PCL's Cyclically Adjusted PB Ratio has ranged from 0.44 to 1.29. According to the industry distribution chart, Communication and System Solution PCL ranks #325 out of 1931 companies in the Hardware industry, placing it in the top 16.8%.
Is Communication and System Solution PCL's Cyclically Adjusted PB Ratio too high?
Communication and System Solution PCL's current Cyclically Adjusted PB Ratio of 0.81 is 42% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.29. The Hardware industry median Cyclically Adjusted PB Ratio is 2.05. Communication and System Solution PCL's value of 0.81 is 60.5% below this industry median. Based on the distribution chart, Communication and System Solution PCL ranks #325 out of 1931 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Communication and System Solution PCL has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Communication and System Solution PCL's Cyclically Adjusted PB Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Communication and System Solution PCL ranks #325 out of 1931 companies for Cyclically Adjusted PB Ratio. This places Communication and System Solution PCL in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.05. Communication and System Solution PCL's value of 0.81 is 60.5% below this benchmark. Historically, Communication and System Solution PCL's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 1.29 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 2.05, Communication and System Solution 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.05, based on 1,931 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. Communication and System Solution PCL's current Cyclically Adjusted PB Ratio of 0.81 is 60.5% 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 Communication and System Solution PCL and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Communication and System Solution PCL's current Cyclically Adjusted PB Ratio is 0.81, which is 42% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Communication and System Solution PCL stock overvalued right now?
Communication and System Solution PCL (BKK:CSS-R) has a current Cyclically Adjusted PB Ratio of 0.81. The stock's GF Value™ is ฿0.90, compared to a current price of ฿1.04 — trading 15.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.81, which is 42% above median its 10-year median of 0.57 and 60.5% below the Hardware industry median of 2.05. Communication and System Solution PCL's overall GF Score™ is 50/100 with 8 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 Communication and System Solution PCL (BKK:CSS-R), the current Cyclically Adjusted PB Ratio is 0.81 as of Aug. 29, 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 Communication and System Solution PCL (BKK:CSS-R) Overvalued in 2026?

Based on GuruFocus' analysis, Communication and System Solution PCL stock appears to be overvalued. The current stock price of ฿1.04 is trading 15.5% above its estimated GF Value™ of ฿0.90.

Key valuation signals for BKK:CSS-R:

  • Cyclically Adjusted PB Ratio: 0.81 (42% above median its 10-year median of 0.57)
  • GF Value™: ฿0.90 vs. price of ฿1.04 (15.5% above fair value)
  • GF Score™: 50/100 with 8 warning signs
  • Industry Position: 60.5% below the Hardware median (#325 of 1931)

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


Communication and System Solution PCL Business Description

Other Exchanges CSS:Thailand
Address 329 Moo 3 Banmai, Pakkred, Nonthaburi, THA, 11120
Communication and System Solution PCL is a Thailand-based company engaged in the distribution and installation of equipment for electricity, water, air conditioning, and telecommunication systems. It operates in two segments: the Distribution electrical equipment segment and the Installation service segment. The Distribution electrical equipment segment operates as a distributor of electrical wires and other types of electrical systems equipment, as well as passive fire protection materials. The installation service segment is engaged in the design and installation of the communication system, fire protection systems, and maintenance services. The company derives a majority of its revenue from the Distribution of electrical equipment.
50GF Score

Get the complete analysis for BKK:CSS-R

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

฿1.04
Price
฿0.90
GF Value